Singapore oil trader Hin Leong held a call with banks on Tuesday after they failed to provide a letter of credit to the firm to purchase at least one cargo of oil products due to load this month, four ... ( read original story ...)
China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List
Working from home himself in Singapore, Koh sees more room for video and audio services in business. Shunwei has 20 staff back in China. Notably standing the test of time has been Koh’s original ... ( read original story ...)
Sharp Slowdown Seen in Asia IPO Deals With Stocks in Bear Market
Rarely have equity capital markets bankers had such a hard time predicting how business will be in the months to come. ( read original story ...)
The Top 10 Companies Behind The 2020 Midas List: Uber, Ant Financial And The Breakouts That Helped Investors Make The Cut
From Ant Financial to Xiaomi, and Spotify to Uber, these 10 companies put the most investors on the 2020 Midas List of the world's top tech investors. ( read original story ...)
Luckin Coffee: The Luck Runs Out
The bulk of them helped underwrite the IPO of the company, with Singapore sovereign wealth fund GIC and the world's largest asset manager, BlackRock, also among Luckin's early backers. Multiple law ... ( read original story ...)
Three Gorges Dam Mulls IPO in China to Raise as Much as $3.5B
China’s Three Gorges Renewables Group is planning to raise up to CNY 25 billion ($3.52 billion) in what could be the country’s second biggest IPO of the year. Three Gorges looks to sell up to 8.57 ... ( read original story ...)
Coronavirus Forces Bankers From ‘Dire’ IPO Market to Emergency Capital Raises
Not a single European company listed on the stock market in March as the coronavirus spread across the continent, with bankers now counting on fees from emergency share sales and rights issues to keep ... ( read original story ...)
Here’s why China Aviation Oil (Singapore) Corporation Ltd’s (SGX:G92) Returns On Capital Matters So Much
Today we'll look at (SGX:G92) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the ... ( read original story ...)
A New Decade For Asia’s Tech Capital: Three Things That Will Define Singapore’s Startup Scene in the 2020s
Singapore is combating any business complacency with new budgets for new industries and long-term national goals. Singapore Finance Minister Heng Swee Keat told The Straits Times during a visit to the ... ( read original story ...)
Singapore announces third stimulus package worth $3.6 billion to soften coronavirus impact
Together with the previous two packages, Singapore has set aside 59.9 billion Singapore dollars ($41.7 billion), accounting for around 12% of the country's gross domestic product. ( read original story ...)
Fabled Singapore Oil Trader Appoints Advisers Amid Bank Squeeze
Singapore oil trader Hin Leong Trading (Pte.) Ltd. has appointed advisers to help in talks with banks as some of them freeze credit lines to the firm, according to people with knowledge of the matter. ( read original story ...)
Singapore Bourse May Test Resistance At 2,600 Points
Ahead of the Good Friday holiday, the Singapore stock market had bounce higher again - one day after snapping the two-day winning streak in which it had advanced more than 180 points or 7.5 percent. ( read original story ...)
MOF warns of Solidarity Payment scammers pretending to be government officials
SINGAPORE - Scammers are pretending to be Ministry of Finance (MOF) or Government officials to trick the public into disclosing their bank account details to purportedly register for the Solidarity ... ( read original story ...)
Singapore to Ease Banks’ Capital Buffer Rules Amid Virus Outbreak
noted that a pick-up in Singapore bank loans in February was largely driven by business loans, while consumer loans shrank for the 10th straight month. On Tuesday, the MAS said it did not see a need ... ( read original story ...)
Moody’s places Hero FinCorp, IIF under review, muthoot finance outlook to negative
The Indian NBFC industry has been affected given disruptions to economic activity from the coronavirus outbreak ... ( read original story ...)
Bank of Singapore hires head of bespoke investments for GC
Bank of Singapore has appointed Kelvin Teo as head of bespoke investments for Greater China and North Asia. As part of the bank’s ultra-high net worth (UNHW) bespoke investments team, Teo will help ... ( read original story ...)