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Tag: stock market

Posted on 15/08/2020

StanChart, Trade Union Arm Plan Digital-Only Bank in Singapore

Standard Chartered Plc is planning its second digital-only bank in Asia, teaming up with a unit of Singapore’s biggest labor union, according to people familiar with the matter. ( read original story ...)

Posted on 14/08/2020

Singapore to unveil more virus-related financial support plans on Monday

Singapore will unveil plans to extend more financial support to companies and workers during the COVID-19 pandemic on Monday, its finance ministry said. ( read original story ...)

Posted on 14/08/2020

AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO

SenseTime Group Ltd., China’s largest artificial intelligence company, is exploring a dual listing in Hong Kong and China as it closes in on $1.5 billion of pre-IPO financing, according to people ... ( read original story ...)

Posted on 14/08/2020

Chinese Companies Rush to File US IPOs Ahead of New Regulations

Chinese companies raised US$1.8 billion through U.S. IPOs in the first half of 2020, but in the days since the announcement on tightened disclosure requirements, offerings grew to more than US$2.2 ... ( read original story ...)

Posted on 13/08/2020

Singapore-based NRI media entrepreneurs announce USD 100 Million IPO on NASDAQ

Vistas Media Acquisition Company (VMAC) announced it has commenced trading of an initial public offering (IPO) of USD 100 million on The Nasdaq Stock Market on Fri 7. ( read original story ...)

Posted on 12/08/2020

Coronavirus live updates: Singapore reports lowest daily new cases in months

The coronavirus has infected more than 20.3 million people around the world as of Wednesday, killing at least 742,000 people. ( read original story ...)

Posted on 12/08/2020

Airbnb close to filing for IPO after travel rebound

Airbnb Inc plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the ... ( read original story ...)

Posted on 12/08/2020

China’s Ucommune Changes Course On Planned US IPO

Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed with the U.S. Securities and Exchange Commission. ( read original story ...)

Posted on 11/08/2020

EMERGING MARKETS-Thai, South Korean stocks hold to growth hopes, Singapore slips

Thailand and South Korea led gains for most of Asia's emerging currency and stock markets on Tuesday, bolstered by recent signs of an improving economic landscape in China and further heavy inflows of ... ( read original story ...)

Posted on 11/08/2020

Lendlease Global Reit Q4 DPU misses IPO forecast on circuit breaker, rental reliefs

Lendlease Global Commercial Reit (Lendlease Global Reit) on Tuesday (Aug 110 posted a distribution per unit (DPU) of 0.48 cent for its fourth quarter ended June 30, 62.7 per cent lower than the ... ( read original story ...)

Posted on 11/08/2020

Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India

Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. ( read original story ...)

Posted on 11/08/2020

Singapore’s economic contraction in the second quarter was worse than initial estimates

The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country's GDP to fall ... ( read original story ...)

Posted on 11/08/2020

Singapore’s recession worse than first thought as virus slams Asia’s exporters

Singapore's recession was deeper than first estimated in the second quarter as the coronavirus pandemic dealt a major blow to Asia's trade-reliant economies. "There continues to be significant ... ( read original story ...)

Posted on 11/08/2020

Singapore second-quarter recession deeper than initial estimates

Singapore's recession was deeper than first thought in the second quarter due to coronavirus lockdown measures, and the government said the trade-reliant economy's path to recovery remained uncertain ... ( read original story ...)

Posted on 11/08/2020

How Singapore Nurtured Foreign Tech Trio Who Became Billionaires

David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is ... ( read original story ...)

Posted on 11/08/2020

Singapore-based NRI media entrepreneurs list $100 million SPAC IPO on Nasdaq

Vistas Media Acquisition Company (VMAC) on Friday commenced trading of its $100 million initial public offering (IPO) on Nasdaq. The offering consists of 10,000,000 units at a pri ... ( read original story ...)

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