SCI Ecommerce, headquartered in Singapore, raised $37 million as part of a growth funding round led by Asia Partners. ( read original story ...)
Allen & Overy Appoints New Singapore Leadership in Nearly A Decade
Allen & Overy has appointed two partners to lead its Singapore office in the first leadership change in the Southeast Asian outpost since 2013. Gautam Narasimhan and Tim Beech take over from Chris ... ( read original story ...)
Private Swiss bank buys BMO private bank in Singapore and Hong Kong
The J Safra Sarasin Group completed the acquisition of the Bank of Montreal's Private Banking Business. Private Swiss bank J. ( read original story ...)
Zomato leadership stand to make big cash in its IPO-run
The top 10 executives of Zomato are sitting on a cash-pile value of over $100 million, as a result of the stock options granted to them in 2014 and 2018, through the company’s ESOP policy ... ( read original story ...)
Singapore Shares Expected To Open Under Pressure On Monday
The Singapore stock market om Friday wrote a finish to the six-day winning streak in which it had jumped more than 65 points or 2.1 ... ( read original story ...)
IPO bells: CarTrade plans to go public, raise Rs 2000 crore: Report
CarTrade is reportedly planning to file the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) within the next 10-15 days to go public. The company is gearing up ... ( read original story ...)
Singapore’s financial regulator invests in innovation
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 ...)