Singapore state-owned investment firm Temasek said Thursday it has decided to write off its $275 million investment FTX, nearly a week after the cryptocurrency exchange filed for bankruptcy.
Singapore minister says country won’t take sides as there’s no win-win scenario in fractured world
Singapore won't take sides in geopolitical conflicts and will ... as any kind of fracture would make individual countries "suboptimal" and suffer economically. related investing news China is easing ...
Singapore Stock Market May See Continued Consolidation
(RTTNews) - The Singapore stock market on Wednesday wrote a finish to the eight-day winning streak in which it had surged almost 175 points or 5.6 percent. The Straits Times Index now rests just above ...
Singapore’s Temasek writes down $275 mln investment in FTX
Singapore's state investor Temasek Holdings (TEM.UL) said on Thursday it will write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of outcome of its ...
Zelenskiy, Singapore’s Wong to Speak as NEF Talks Focus on Risk
Singapore’s finance minister and prime minister-in-waiting, will also speak Thursday, the final day of the three-day event, which has seen policymakers and business leaders discuss issues including ...
Temasek Intends To Write Down Investments In FTX Of Up To $300M: Expert Weighs In On What’s Next In Crypto Investments
The state investment fund of Singapore, Temasek, is prepared to write down investments to the tune of $200 million to $300 million in the bankrupt cryptocurrency exchange FTX.
Bangladesh seeks Singaporean investment to become ‘connectivity hub’
Describing Singapore as a "connectivity hub" for distribution of services as well as trade, State Minister for Foreign Affairs Md Shahriar Alam yesterday shared the aspirations of Bangladesh to emerge ...
Mubadala Acquires Stake In Singapore’s Aircarbon
Abu Dhabi state fund Mubadala Investment Company confirmed on Wednesday that it has acquired a strategic stake in Singapore-based AirCarbon Excha ...
Singapore’s bank DBS to open office in Dhaka
Singaporean bank DBS yesterday announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.
How local employees at this global bank gain from being youth mentors
About 40 volunteers from the bank’s Singapore office connect with 30 to 40 students every year in the programme. It is “a good take-up rate”, says Ms Green. Students would meet with their Credit ...
Ngee Ann Poly alumni commit $500,000 in new angel investment network to support student entrepreneurs
SINGAPORE - Ngee Ann Polytechnic (NP) students who are keen on growing their businesses can now get funding from alumni who are accomplished entrepreneurs. Read more at straitstimes.com.
Singapore’s Temasek to write down over US$200 million in FTX
SINGAPORE – Singapore’s state-owned investor ... of the situation said SoftBank Group Corp. is expecting a loss of around US$100 million on its investment. A Temasek representative declined to comment ...
Singapore Market falls 0.28%
At closing bell, the Straits Times Index (STI) index fell 9.11 points or 0.28% to 3,266.77 after trading between 3,258.49 and 3,282.91. Volume was 1.69 billion shares worth S$1.49 billion. There were ...
Singapore stocks fall amid mixed regional showing
Local investors struggled to find any direction in the market on Wednesday amid concerns over a possible escalation of the Ukraine conflict. Read more at straitstimes.com.
IPO funds raised by Southeast Asian companies fall amid economic headwinds
We expect IPO activity to go through cyclical highs and lows, as the market re-calibrates from the pandemic mindset to 'regular programming'," said Tay Hwee Ling, disruptive events advisory leader of ...
Man in SG jailed after withdrawing over S$26,000 from bank accounts; monies traced to US fraud victims
Bhambri Kunal withdrew cash totalling more than S$26,000 (RM86,160) from Singapore bank accounts, which were sums later traced to three fraud victims in the United States.