Four Singapore individuals have been sentenced for manipulating Koyo International Limited's share prices, resulting in approximately $3.28 million losses.
Singapore’s Economy Grew at Faster Pace in Second Quarter
SINGAPORE--Singapore's economy grew at a faster pace in the second quarter, as strong expansion in construction and services-producing industries outweighed a contraction in manufacturing.
Singapore narrowly avoids technical recession in Q2 as GDP grows 0.7% year on year, 0.3% quarterly
SINGAPORE’S economy grew 0.7 per cent year on year in the second quarter of 2023, dragged by a deeper downturn in the manufacturing sector, advance estimates from the Ministry of Trade and Industry ...
Singapore’s State-Owned Investment Firm Vertex Venture Holdings Raises Over $900M For Its Latest Fund
Temasek Holdings Ltd., Singapore's state-owned investment firm, has raised over $900 million via its venture capital unit — Vertex Venture Holdings — for its latest fund, as reported by Nikkei Asia.
GSK’s Tuas vaccine facility is Singapore’s largest after over $300m investment added: Gan Kim Yong
SINGAPORE - The expansion of British drugmaker GSK’s facility at Tuas has earned the title of Singapore’s largest vaccine production site based on a cumulative investment of some $850 million, said ...
Senco Gold IPO grey market premium rises after allotment; check latest GMP
The Rs 405-crore IPO of Senco Gold was overall subscribed 77.25 times. The issue was open for subscription between July 4-6 in the price range of Rs 301-317 per share.
7 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Grab, Sea Push Singapore to Lift Digital Banks’ Deposit Cap
Singapore’s new digital banks backed by Grab Holdings Ltd. and Sea Ltd. are pushing the country’s central bank to lift a cap on deposits that they see as hamstringing their growth.
Saudi wealth fund PIF joins Temasek of Singapore in reporting steep 2022 investment losses amid slump in US, China markets
Two of the world’s biggest wealth funds reported steep investment losses in 2022 as markets slumped. More than US$8.8 trillion of value evaporated from benchmark index stocks in the US and Hong Kong.
Singapore’s Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Temasek Holdings faced its worst returns in seven years and had written down a $275 million stake in the now-bankrupt crypto exchange FTX, to zero last year.
Sources: Malaysian art studio Lemon Sky behind ‘The Last of Us’, Spider-Man games plans IPO in Singapore
Lemon Sky Studios, the Malaysian art and animation company involved in videogames such as Square Enix’s Final Fantasy XVI and Marvel’s Spider-Man ...
6 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Singapore bank to close five accounts held by Myanmar’s MAI
Singaporean multinational banking entity, the United Overseas Bank (UOB), is closing five bank accounts held by MAI - Myanmar Airways International (8M, Yangon), according to a leaked June 25 letter ...
Singapore Billionaire Peter Lim’s Thomson Medical To Buy Vietnam Hospital Operator For $381 Million
Thomson Medical Group has agreed to buy hospital operator Far East Medical Vietnam as the Singapore-based healthcare company expands its footprint across Southeast Asia.
5 Takeaways From Temasek’s FY2023 Performance (And How To Apply It To Our Investments Amid High Interest Rates, Global Uncertainties)
What should you do with your investments while the world grapples with stubborn high inflation? Singapore investment company Temasek’s global direct investments saw a reversal of gains from the high ...
S$8m malware scams: 5 people aged 16 to 28 to be charged with giving Singpass, bank accounts for proceeds laundering
Five people aged 16 to 28 will be charged on Wednesday (July 12) for their suspected involvement in money laundering activities linked to banking-related phishing scams involving malware where victims ...