Payments startup Airwallex has reached an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.
Singapore charges 2 ex-bankers for helping $2.2 billion money laundering ring
A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such financial crime in the Asian ...
Two former bankers from China charged in Singapore’s biggest money laundering case after SG$3b in assets seized
Two former bank employees, both Chinese nationals, were charged in Singapore on Thursday in connection with the city-state’s biggest money laundering ...
Tencent-backed Airwallex nears $500 million annualized sales, aims to get IPO-ready by 2026
Payments startup Airwallex is nearing an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.
India convincingly overcomes its IPO demons
After some disastrous floats in India, ample caution is paying off. Shares of e-bike maker Ola Electric Mobility have surged 42% above their initial public offering price since their debut on Friday.
Singapore’s Syfe Secures $27M to Accelerate Growth in Key Markets
Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore, ...
$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
Three individuals will be charged exactly one year after the arrests of the 10 money launderers on Aug 15, 2023. Read more at straitstimes.com.
The deepfake election nightmare hasn’t happened. Singapore still wants to ban them
Following South Korea’s lead, Singapore intends to ban deepfakes ahead of upcoming elections, despite concerns of curbing freedom of speech.
Singapore stocks close in the black; STI up 0.9%, led by Wilmar
Regional markets responded with mixed results. Hong Kong’s Hang Seng fell 0.4 per cent but South Korea’s Kospi rose 0.9 per cent, Japan’s Nikkei 225 ended 0.6 per cent ahead and Malaysian shares ...
Victims in SG lose S$36mil in under 2 months to conmen touting investments on social media, chat groups
Victims lost at least S$36mil in less than two months to conmen touting investment scams on chat groups and social media platforms, Singapore police said.
Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific
Singapore-based investment platform Syfe has been working on making wealth management more accessible in the region by offering a variety of investment products and options, all via a smartphone app.
Singapore tightens GDP growth forecast to 2-3% amid mixed economic signals
SINGAPORE: The Ministry of Trade and Industry (MTI) has revised its gross domestic product (GDP) growth forecast for 2024 to a range of 2.0-3.0 per cent, following an assessment of the country’s ...
New app by Nets enables merchants in Singapore to use smart devices to accept contactless payments
It was rolled out in a pilot programme in the first half of 2024, with over 30 merchants participating to date. Read more at straitstimes.com.
RedDoorz Eyes IPO to Build Southeast Asia’s Largest Hospitality Firm
Southeast Asian online hotel management and booking platform RedDoorz has its sights set on IPO – but it has a lot of steps to clear first.
FirstCry shares list at 40% premium over IPO price
Ahead of the issue opening, the company raised ₹1886 crore from 71 anchor investors including SBI Mutual Fund, ICICI Prudential Mutual Fund, among others.
Singapore Sees 2024 GDP Growth at Upper Half of Forecast
(Bloomberg) -- Singapore said it expects the island’s economy to expand ... Second-quarter growth was driven by the finance and insurance, and information and communications sectors. By contrast, ...