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Tag: stock market

Posted on 17/08/2020

Singapore finance minister unveils $5.8 billion worth of virus support measures

Singapore's finance minister on Monday unveiled more economic support measures worth about S$8 billion ($5.8 billion) to cushion the blow from the COVID-19 pandemic on businesses and workers. "The ... ( read original story ...)

Posted on 17/08/2020

Singapore Boosts Stimulus by S$8 Billion Amid Recession

Singapore Deputy Prime Minister Heng Swee Keat announced additional support measures of S$8 billion ($5.8 billion) to cushion the blow from the coronavirus pandemic, extending wage subsidies and ... ( read original story ...)

Posted on 16/08/2020

Every major Asian market has a Nasdaq-wannabe. Can Hong Kong or Shanghai tech boards close the gap?

The Nasdaq has many advantages over the tech boards in Hong Kong, Shanghai, Tokyo and Seoul. These advantages include America’s appeal to global investors and the Silicon Valley network. ( read original story ...)

Posted on 15/08/2020

Every major Asian market has a Nasdaq-wannabe. Could Hong Kong’s or Shanghai’s tech boards ever catch up to the real thing?

The Nasdaq has many advantages over Nasdaq wannabes in Hong Kong, Shanghai, Tokyo and Seoul. These advantages include America’s appeal to global investors and the Silicon Valley network. ( read original story ...)

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 ...)

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