Shares of Sea Ltd. jumped after the Southeast Asia e-commerce giant reported first-quarter earnings that exceeded analysts’ estimates, a sign that it has been successfully navigating fierce ...
Billionaire Wee Family’s UOL Offers Top Bid Of $595 Million For Prime Singapore Site
A consortium led by billionaire Wee family's UOL Group submitted the top bid of $595 million for a prime site in the western Singapore town of Holland Village.
Deutsche Bank joins Singapore’s asset tokenization project
Deutsche Bank will test an interoperable blockchain platform as part of its new role in Singapore’s tokenization and DeFi project, Project Guardian.
Singapore’s Sea Tops Estimates as Online Shoppers Spend More
The stock jumped 7% in pre-market trading after the Singapore-based internet firm posted adjusted earnings before interest, taxes, depreciation and amortization of $401 million. While that’s a 21% ...
Singapore stocks opened steady on Tuesday—STI up by 0.01%
SINGAPORE: Singapore stocks opened steady on Tuesday morning, reflecting global market sentiment as investors awaited... The post Singapore stocks opened steady on Tuesday—STI up by 0.01% appeared fir ...
Q1 2024 update: private equity deals in power in Singapore
The $20m investment by Responsability Investments in CleanEdge Resources ... In value terms, private equity deal activity in Singapore decreased in Q1 2024 compared with the previous quarter and as ...
Q1 2024 update: M&A activity in mining in Singapore
In the Singaporean mining industry, there were 3 M&A deals announced in Q1 2024, worth a total value of $36.4m, according to GlobalData’s Deals Database. The $35m minority acquisition of Geo Energy ...
Briefs: Singapore must recognise stock-market challenges: DPM Wong; StarHub and M1 potential merger said to be back on
Yet on a panel at Intel’s AI Summit, IDC’s VP in data analytics, AI, sustainability, and industry research, Chris Marshall, said that Singapore’s challenge in scaling AI is its small and ageing ...
Haidilao restaurant operator Super Hi targets $1.87 billion valuation in US IPO
Singapore-based Super Hi’s 2023 revenue stood at US$686.4 million compared with US$558.2 million a year earlier. Read more at straitstimes.com.
Shein Leans to London IPO Amid U.S. Hurdles
The fast-fashion company headquartered in Singapore hasn't ruled out a U.S. listing, but the London Stock Exchange offers an easier route to going public, possibly within a month.
Shein steps up IPO plans amid reports suppliers still work 75 hours a week
Shein shares are set to go public on the London Stock Exchange (LSE), marking the controversial online retailer's initial public offering (IPO) as one of the largest globally this year. However, a ...
Singapore stocks edge up, bucking decline in key regional markets
SINGAPORE - The Straits Times Index (STI) started the trading week with a rise of 0.4 per cent or 12.96 points to 3,303.66 after markets closed on May 13, making it one of the few better-performing ...
Singapore’s Lawrence Wong retains finance chief post after becoming PM
SINGAPORE -- Singapore's incoming leader, Lawrence Wong, will remain as finance minister after he becomes prime minister on Wednesday, according to the new cabinet lineup released Monday, as he ...
Singapore cabinet reshuffle: continuity in focus with veteran Gan Kim Yong to be Lawrence Wong’s deputy
Gan is likely chosen as DPM due to his close working relationship with Wong as co-chair in the Covid-19 government taskforce, an analyst says.
Singapore PM-Designate Wong Sticks With Old Guard in Reshuffle
Singapore’s incoming Prime Minister Lawrence Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the cabinet of outgoing premier Lee Hsien Loong largely intact.
DPM Wong to remain as Finance Minister after becoming PM
Deputy Prime Minister (DPM) Lawrence Wong will retain his position as Finance Minister, after becoming Prime Minister (PM), according to the Prime Minister's Office (PMO)'s announcement on the Cabinet ...