BEEP, a Singapore-based Internet of Things startup, on Wednesday (Jul 31) announced the close of its US$3.3 million pre-series A investment round. Read more at The Business Times.
GXS Bank Eyes March 2027 Profitability, Targets US$3B Deposits and US$2B Loans
GXS Bank, a digital bank backed by Grab Holdings and Singtel, aims to achieve profitability by March 2027, according to Muthukrishnan Ramaswami, GXS’ Group CEO. Grab holds a 60% stake in GXS, while ...
Digital bank GXS, set up by Grab and Singtel, targets profit by 2027
GXS Bank, a digital bank backed by Grab Holdings and Singapore Telecommunications, plans to swing to a profit by March 2027 in part by doubling its loan book every six months. The two-year-old ...
Dividends from Singapore blue chips to rise 17.8% in current reporting season: Research house
SINGAPORE - Dividends from companies on the Straits Times Index are expected to climb 17.8 per cent for the 2024 interim reporting season, according to a report put out by S&P Global Market ...
Dividends continue to steal the spotlight in Singapore banks, says DBS
Earnings for all three Singapore banks, DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank U11 -0.71% (UOB) are likely to stand at risk in the event that the US ...
99 Speed Mart eyes Sept market debut as Malaysia’s biggest IPO in 7 years, sources say
Malaysia's top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be launched next month and which would be ...
Singapore’s Temasek plans to invest up to $30 billion in US over next five years
NEW YORK (Reuters) -Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such as healthcare, financial services and technology. "It's an ...
Making Your First $1 Million In Singapore: How Much You Need To Save Each Month?
Making a $1 million in Singapore is extremely difficult if you are only intending to save. With investing however, it becomes a lot easier.
Temasek to invest $40 billion in US over next five years
Temasek’s investments for North and South America surpassed China for the first time in at least a decade this year. Read more at straitstimes.com.
Singapore stock market an attractive starting point for young investors
But they are likely to look for opportunities in overseas markets after gaining experience. Read more at straitstimes.com.
Ola Electric’s $734 million IPO: 2024’s largest in India—Should you invest?
Ola Electric is gearing up to make an entrance into the public market with what is set to be the largest Initial Public Offering (IPO) of 2024. Scheduled to debut on the Indian stock exchanges this ...
Singapore Government invests close to $14 million to fund research into skin aging among Asians
SINGAPORE: The Singaporean government has announced a substantial investment of S$13.9 million to support research on skin aging. This funding will be allocated to the Agency for Science, Technology ...
Ola Electric IPO; Rapido truns unicorn
Valuation discount: On July 17, ET reported that Ola Electric is expected to price its IPO at a discounted valuation of around $4 billion, reflecting a 25% decrease from its valuation in the last ...
Ola Electric to raise $734 million in India’s biggest IPO this year
By Dhwani Pandya, Aditya Kalra and Aditi Shah MUMBAI (Reuters) -Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to ...
Ola Electric to launch $734 million IPO, investors eye bids at lower valuation
A term sheet showed the IPO, which will run from Aug. 1 to Aug. 6, puts a value of $4 billion on the company, which sold its first scooter in 2021. That valuation is about 25% lower than Ola's last ...
Proxymity and Deutsche Bank Extend Their Partnership With Singapore Market Deployment
Deutsche Bank Singapore goes live with Proxymity Vote Connect Global, the first Proxymity partner to launch in Singapore, expediting the arrival of true shareholder democracy worldwide with complete ...