City Singapore Financial News

13.08 / 03:03

UPS Manufacturing LinkedIn HON electronic Foxconn tops up commitment for Telangana to $550 million

FIT Hon Teng's (Foxconn) board approved a $400-million investment in Telangana, Foxconn India representative V Lee said in a LinkedIn post. This is in addition to an earlier commitment of $150 million Foxconn had made in the state. «FIT Singapore intends to inject a capital sum of $400,000,000 into Chang Yi Interconnect Technology (India) Pvt Ltd, in which FIT Singapore holds 99.99% of the capital stock,» FIT Hon Teng said in a filing to the Hong Kong Stock Exchange on Friday that was posted by Lee.

12.08 / 12:53

Digital Manufacturing Apple AirPods HON electronic Apple supplier Foxconn increases Telangana investment proposal: ‘Another US$400 million is coming…’

Taiwan-based Foxconn has revealed plans to increase their investment in India by ‘another $400 million’. Apple's biggest supplier is likely to use its upcoming Kongarkalan facility for the manufacture of AirPods and other digital accesories. The company had laid the foundation for a new electronics manufacturing facility in May this year as part of its USD 500 million investment in Karnataka "…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

12.08 / 10:11

UPS Manufacturing Apple HON social electronic Apple supplier Foxconn ups its investment proposal in Telangana to $550 million

Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier. "...FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

12.08 / 04:33

Citi country Holdings Abans Holdings gets board's nod to enter mutual fund space

Abans Holdings Ltd on Friday said it has secured board's approval to diversify its operations and enter into the country's mutual fund business. This strategic move will position the company at the forefront of asset management services, Abans Holdings said in a statement. In addition, the company said it has received board's clearance for establishing an asset management business in Singapore. «Through its subsidiary, Abans Broking Services Pvt Ltd, the company is proposing for making an application to obtain a capital markets license to engage in fund management activities in Singapore,» the statement noted.

11.08 / 21:53

Law regulation Court Asset management Bankruptcy 3AC co-founder avoids contempt charges following evidence of Singaporean citizenship

A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions.

11.08 / 11:03

COST IPO Target Immunic 2024 Olam Group expects agricultural unit's Singapore-Saudi dual IPO by 2024 first half

(Reuters) -Singapore's Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first half of 2024, and the commodity trader reported an 88.8% fall in first-half profit on lower crop yield from its almond orchards in Australia.

11.08 / 08:43

Provident Manufacturing CEO Southern SunPower Solar Singapore solar company plans major US manufacturing plant in New Mexico, pending federal loan

Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy

11.08 / 02:51

Provident FIVE Manufacturing electronic Singapore downgrades GDP outlook, avoids recession

By Chen Lin

10.08 / 02:39

Google Racing Remark Celebrity cross-country Google Doodle celebrates Swedish cross-country skier Margit Nordin's birth anniversary

Also read: Google Doodle celebrates Singapore National Day 2023 showcasing Clarke Quay On March 4, 1923, Nordin took her place alongside 160 male participants in Sälen and embarked on the challenging race. After ten hours and nine minutes of relentless effort, she crossed the finish line, greeted by resounding applause and cheers. Notably, her accomplishment drew both admiration and controversy.

09.08 / 07:39

UPS Citizens Assurant Celebrity country rock Lee Scandals International Singapore PM Lee assures citizens, international partners of government's honesty, integrity amidst spate of political scandals

Singapore Prime Minister Lee Hsien Loong has assured that his government would maintain its high standards of honesty, integrity and propriety which its citizens expect of it, as the city-state witnessed a spate of political scandals in recent months. «Some have asked what these incidents say about the Government. My answer is this: Such issues come up from time to time,» Prime Minister Lee said in his National Day message on Tuesday.

09.08 / 05:49

FIVE Digital Booking Platform Mobile Software track Debt collections platform Credgenics secures $50 million in funding from Westbridge, Accel, others

Debt collections platform Credgenics has raised $50 million in a series B round of funding. Venture investors Westbridge Capital, Accel, Tanglin Ventures, and Beams Fintech Fund led the round, the company said in a release on Wednesday. Most of these investors had participated in its previous funding round in 2021.

09.08 / 04:57

UPS Pool Parke performer Indian hockey Indian men's team clubbed with Pakistan in Asian Games hockey

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

09.08 / 01:51

BLOCK CEO PRU Stocks in news: Inox Wind, Coal India, 360 One Wam, SBI Life, IRCTC

Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece.360 One WamForeign investor General Atlantic Singapore has nearly sold its entire stake in 360 one Wam through the block deals.Bikaji FoodsLighthouse India fund has sold its partial stake in Bikaji Foods via block deals. Prominent domestic funds Tata AIA Life, ICICI Pru Life and foreign investors Morgan Stanley, Kotak Mahindra AMC (Singapore) among others bought the stake in the company.Read more: What changed the market while you were sleepingCoal IndiaState-owned Coal India's consolidated net profit fell 10% year-on-year to Rs 7,941 crore for the June quarter.

09.08 / 01:39

Citizens Google Celebrity country National Google Doodle celebrates Singapore National Day 2023 showcasing Clarke Quay

Also read: Google Doodle celebrates the 148th birthday of educator and feminist Isabelle Gatti de Gamond; all you need to know The featured Doodle showcases Clarke Quay, a historically significant riverside quay that has played a pivotal role in Singapore's history. Positioned along the Singapore River, Clarke Quay was once home to warehouses that facilitated trade and commerce even before the nation's independence.

08.08 / 09:17

UPS Provident Digital CEO Monetary Authority of Singapore Grants Payment License to Crypto Exchange Blockchain.com

Crypto exchange Blockchain.com announced Monday that it received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1.

08.08 / 08:43

COST UPS Citi Airlines Singapore Airlines plans a jump in flights to Australia

Singapore Airlines is ramping up its flights into Australia to meet booming demand from travellers, with plans to add 4700 seats a week next year in a move that should help to ease the cost of international airfares.

08.08 / 06:59

UPS small-cap stake Small-cap stock below ₹20: Nomura Singapore raises stake in FMCG share. Do you own?

Small-cap stock below ₹20: Nomura Singapore ODI has raised its stake in India's FMCG company Mishtann Foods Ltd. As per the exchange filing by the small-cap stock, Singapore-based foreign institutional investor (FII) has raised its stake from 1.28 per cent to over 2 per cent. The FMCG company informed Indian stock market bourses that the FII was holding 1,28,25,854 Mishtann Foods shares which has now gone to 2,18,82,762 company shares, which is 2.19 per cent of total paid up capital of the company.

07.08 / 23:51

business regulation Blockchain.com Blockchain.com scores payment license from Singapore central bank

Crypto exchange Blockchain.com has been granted a payments license from Singapore's central bank — the Monetary Authority of Singapore (MAS).

07.08 / 13:51

Adoption Asia Central Bank Support Singapore commits $112M to support fintech solutions like Web3

The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3.

07.08 / 11:03

Adoption Donations crypto donations Singapore Red Cross starts accepting crypto donations

Humanitarian aid and community services charity, Singapore Red Cross, included cryptocurrency as a newly-accepted form of donation. The organization will accept Bitcoin, Ether, Tether and USD Coin donations.

07.08 / 10:37

Hodlnaut Crypto Exchange OPNX Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected

OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.

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