The DAG program was launched last April to help smaller financial firms and fintechs adopt digital solutions to deal with the effects of Covid-19. The MAS reported that it received over 1,100 ... ( read original story ...)
Singapore’s Olam To Buy U.S. Spice Maker For $950 Million Ahead Of Unit’s IPO
Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. ( read original story ...)
Darktrace IPO races out of the blocks
I n a welcome boost for the London IPO market, after the Deliveroo flop, UK cybersecurity company Darktrace has launched well above its initial price of 250p per share, jumping sharply to 350p in ... ( read original story ...)
World Bank’s International Finance Corp to invest in Singapore-based Jungle Ventures’ fund
World Bank’s International Finance Corporation (IFC) said it would invest $25 million (Rs 185 crore) in the fourth fund ... ( read original story ...)
Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. ( read original story ...)
Singapore’s DBS bank sets first quarter profit record; bad loans are at pre-pandemic levels
"Results are in line with recent optimistic outlook given by Singapore's three banks, but importantly, the low credit costs were to reverse previously very prudent aggressive fron ... ( read original story ...)
News Analysis: Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. The latest drive came from DBS Bank, Singapore's ... ( read original story ...)
Olam buys US spice group Olde Thompson as it weighs food ingredients IPO
Olam International has bought US spice company Olde Thompson for almost $1bn as the Singapore-based agricultural trading house looks to list its food ingredient business. The company announced a split ... ( read original story ...)
Standard Chartered bank considers slashing Singapore office space: Sources
This could become the biggest floor cuts by a bank in Singapore in recent years.. Read more at straitstimes.com. ( read original story ...)
Indian food delivery major Zomato files for $1.1b IPO with market regulator
Zomato said its revenue from operations grew from US$62.7 million in FYE 2018 to US$350.5 million in FYE 2020. ( read original story ...)
Singapore sends oxygen cylinders to support India’s fight against COVID-19
The Singapore government has sent a consignment of oxygen cylinders to support India's COVID-19 pandemic response, the Ministry of Foreign Affairs said on Wednesday. ( read original story ...)
Singapore urges banks to give finance criminals another chance
Singapore’s financial regulator is urging the nation’s banks to give customers with a past history of financial crimes a second chance.In an effort to ensure the sector remains “inclusive”, banks ... ( read original story ...)
Philippines is targeting foreign investment with Singapore style tax law, says finance secretary
The Philippines' new law will reduce corporate income tax and boost foreign investment into the country, finance secretary Carlos Dominguez said. ( read original story ...)
Singapore businessman linked to alleged fraud of record $1 billion hit with 2 more charges
With the latest charges, he now faces a total of 11 counts of cheating, fraudulent trading and forgery.. Read more at straitstimes.com. ( read original story ...)
Singapore puts intellectual property focus on innovation, intangible assets
IP roadmap puts emphasis on the role of innovation in driving its digital economy, with anticipated legal changes involving the use of big data and artificial intelligence technologies. ( read original story ...)
Resurgence of scam targeting bank customers who are told their accounts have been suspended: Police
These spoofed messages appear in the same thread as the official messages from local banks.. Read more at straitstimes.com. ( read original story ...)