HONG KONG - Razer Inc, a Singapore gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, has priced its initial public offering (IPO) near the top end of the range, raising HK$4.12 billion (S$719.2 million), IFR reported on ... ( read original story ...)
Singapore is losing Indonesian tourists
Tourist arrivals from Mainland China outpaced arrivals from Indonesia. Tourist arrivals from Mainland China to Singapore contributed 18.2% to total visitor arrivals, making the country the largest source market for tourism, JLL revealed. According to its ... ( read original story ...)
Singapore Stock Market Index FTSE STI To Break Out In 2018?
The stock market index of Singapore, the FTSE STI, seems poised for a multi-year break out, and it could happen as early as the first days of 2018. Let’s take a look into this. Ever since Singapore which is the smallest country in South-East Asia ... ( read original story ...)
Reimagining Banking, DBS Launches World’s Largest Banking API Developer Platform
This has the potential to significantly accelerate the bank’s digital ambition and customer impact. With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will ... ( read original story ...)
Thomas Kupfer: «Singapore Taps Swiss Banking’s History»
Switzerland served as a model for Singapore in the past, but the two have now shifted into a more balanced relationship – especially in the finance industry, Swiss ambassador Thomas Kupfer writes in an exclusive essay for finews.first. finews.first is a ... ( read original story ...)
Singapore Probes Goldman Sachs Executives Over 1MDB
Singapore authorities are probing the dealings of Goldman Sachs with the Malaysian state investment fund commonly known as 1MDB, according to a media report. The bank raised some $6 billion for the fund, meant for development projects. Investigators at ... ( read original story ...)
What Could Cause Market Volatility in the Coming Months?
As most of us know, interest rates and stock market valuations should be inversely related, meaning as interest rates rise, stocks, in theory, should depreciate. In Singapore, interest rates have also risen in the past few years, starting from just 0.25% ... ( read original story ...)
DBS launches largest banking API developer platform
DBS Bank has launched the world’s largest banking application ... It revealed that there are 155 APIs at launch for Singapore across over 20 categories such as rewards, real-time payments, PayLah! and fund transfers. “More categories will be added ... ( read original story ...)
Singapore police examine Goldman’s role in 1MDB deals: Bloomberg
Singapore's economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported. 1MDB, founded by Malaysian Prime Minister Najib Razak ... ( read original story ...)
COMMENT: Singapore’s Brexit fallout bid shows true fighting spirit
It’s also promising the use of distributed ledgers for interbank payments and trade finance. Singapore hopes these innovations will form the bedrock for its many ambitions. The city-state wants to be everything from a capital-raising hub to Asia’s ... ( read original story ...)
The Stock Market Creates Billionaires
Jeff Bezos brought Amazon.com to the stock market in 1997, and the company was valued at slightly ... to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Amazon.com. ( read original story ...)
10 Biggest Stock Exchanges In The World: Here’s How Much They’ve Gained In 2017
including Singapore’s SGX. Here’s a look at the top 10 stock exchanges in the world and how they’ve fared so far in 2017. At a market capitalisation of over US$30 trillion a nd with over 2,400 companies listed on its board, the NYSE represents nearly ... ( read original story ...)
Asian Markets Mostly Lower as Market Waits Next Fed Leader
SEOUL, South Korea — Asian stock markets were mostly lower on Thursday ... to assess future monetary policy shifts," said Margaret Yang Yan, a market analyst at CMC Markets in Singapore. "Current Fed governor Jerome Power is believed to be the most ... ( read original story ...)
Trendlines incubator raises $10.3m in Singapore offering
The Trendlines Ltd. (SI:42T) incubator has announced that it raised $10.3 million on the Singapore stock exchange. The company's existing ... a 13% discount on the market price on the day of the offering. Despite the discount, the company's share rose ... ( read original story ...)
Tencent’s 2,636 per cent rally in a decade explains why Asia’s stock boom is different this time around
Tencent, which added more than US$400 billion of market value over the past decade, has been one of the largest beneficiaries of China’s shift. While the Shenzhen-based firm still earns a big chunk of its profits from online games, much of the stock’s ... ( read original story ...)
The Case Of PetroChina, The Worst Stock Slump Ever
By dollar amount at least, the loss of $800 billion of market value represents the ... But investors hoping for a rebound in PetroChina's stock may want to reconsider, at least according to Toshihiko Takamoto, a Singapore-based money manager. ( read original story ...)