Singapore Financial News

15.05 / 18:35

UPS Qualcomm performer reports Features Headlines OnePlus Nord 4 and CE 4 Lite could debut this June, suggests report: What to expect

Nord 4 is poised to harness the power of the Qualcomm Snapdragon 7+ Gen 3 chipset, while its counterpart, the Nord CE 4 Lite, is slated to operate on the Qualcomm Snapdragon 6 Gen 1 SoC. Notably, whispers hint at an OLED display for the Nord CE 4 Lite, adding allure to its anticipated features. Although official confirmation remains elusive, a flurry of certification listings, including sightings on Singapore's IMDA website and India's BIS certification site, hint at an impending launch for the Nord CE 4 Lite.

15.05 / 15:59

NFT NFT Marketplace NXT exclusive Mercedes-Benz NXT Partners with Mojito to Launch New NFT Collection

Mercedes-Benz NXT, the German automotive giant’s Web3 arm, is launching a new non-fungible token (NFT) collection in partnership with Mojito, a suite for creating NFT marketplaces.

15.05 / 13:53

UPS Platform Parke Deloitte wellness country CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.

Gauri Shankar Nagabhushanam is the Chief Executive Officer, designate CapitaLand India Trust (CLINT), with effect from 16 May 2024. He will assume the position of the Chief Executive Officer of CLINT around August 2024. Gauri is responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore. Prior to this appointment, Gauri was Chief Executive Officer, India Business Park at CapitaLand Investment, where he was responsible for growing the company’s business parks portfolio in India. This includes investments, development, operations, asset management, and strategic planning for business parks in the country.

15.05 / 13:39

Provident Platform security Enterprise Trade social inequality Transforming Finance: The Evolution and Power of Social Stock Exchanges

In the landscape of finance, a radical shift is ongoing, it challenges the traditional investment landscape for financial gains. This transformation is vainly guarded by Social Stock Exchanges (SSEs); it prioritizes investing in social and environmental causes along with monetary returns. As the world is facing numerous challenges, climate change, poverty, social injustice, and inequality, SSEs provide an opportunity for investors to align financial objectives with societal development.

15.05 / 13:39

FIVE Progressive Action President Lawrence Wong sworn in as new Prime Minister of Singapore

Economist Lawrence Wong was sworn in as the fourth prime minister of Singapore on Wednesday. He was administered the oath of office by President Tharman Shanmugaratnam.

15.05 / 13:29

Citi Platform security exclusive hospital reports rights Red.Health secures $20 million in Series B

BENGALURU : Red.Health, a healthtech startup backed by Kalaari Capital, has secured $20 million in a Series B funding round, in a combination of equity and debt, led by Singapore-based venture capital firm Jungle Ventures. The round also saw participation from both existing and new investors, including HealthQuad, HealthX, and Alteria Capital, the company announced on Wednesday. This fresh injection of capital comes as a significant relief for Bengaluru-based Red.Health, which has faced considerable financial challenges over the past year.

15.05 / 07:23

Platform Action Instagram social Pregnancy consequences Videos Viral video: Influencer turns grandmother at 34 as her 17-year-old son becomes father

Social media was abuzz when a Singaporean influencer revealed that she had become a grandmother at the age of 34, as her 17-year-old son welcomed a child. Shirli Ling, known for her presence on platforms like Instagram and YouTube, shared the news through videos, detailing her experience and offering advice to her son. In her Instagram posts, Ling candidly discussed the situation, stating that she became a grandmother when her son had a child at 17, much like when she became a parent at a similar age. She mentioned having four other children between the ages of 8 and 17.

14.05 / 21:37

markets Trade tokenization Diversity reports testing Deutsche Bank Joins Singapore’s Project Guardian Asset Tokenization Project

Deutsche Bank, a German multinational investment bank, joined Singapore’s Monetary Authority of Singapore’s (MAS) Project Guardian on asset tokenization Tuesday in a press release.

14.05 / 13:17

cover UBS makes AT1 bonds worth $5bn available for equity conversion

In a statement on Monday (13 May), the Swiss lender said that as of 10 May, the instruments would be subject to equity conversion and no longer subject to write-down in the occurrence of a trigger or viability event. The future of AT1 bonds one year on from the collapse of Credit Suisse The decision covers four outstanding AT1 issuances made since November 2023, three amounting to a total of $4.5bn and another valued at 650 million Singapore dollars ($480m). In November, UBS issued its first AT1 bonds since taking over Credit Suisse in March 2023, when $17bn wor...

14.05 / 06:05

OKX spot trading Crypto Exchange OKX Officially Debuts in Australia

OKX, a world-leading digital asset exchange, has officially launched its operations in Australia, a year after it established an office in Sydney in May 2023.

13.05 / 18:07

ABU DHABI Custody Custody Provider Liminal Receives Approval in Abu Dhabi as it Expands to Middle East

Liminal, a leading Singapore-based custody services provider, has achieved a significant milestone in its global expansion journey with regulatory approval in Abu Dhabi.

13.05 / 17:27

Provident CEO Airlines track Inside reports Updates Air India-Vistara merger: 7,000 employees to be integrated by June – Details inside

Air India is on track to finalize its merger with Vistara by the end of this year, with plans to commence the integration of over 7,000 employees starting in June, as reported by The Indian Express.

13.05 / 16:07

markets Provident WhatsApp stake Nalanda Capital sells 1.4 pc stake in Great Eastern Shipping for Rs 190 crore

Investment firm Nalanda Capital on Monday divested a 1.4 per cent stake in Great Eastern Shipping Co Ltd for Rs 190 crore through an open market transaction. Singapore-based Nalanda Capital through its arm Nalanda India Equity Fund Ltd sold shares of Great Eastern Shipping Co Ltd through a bulk deal on the BSE.

13.05 / 15:07

markets Twitter CEO Platform reports Schools International Urban Company logs maiden profit before tax in April: CEO

services platform Urban Company has clocked its maiden profit before tax (PBT) for the month of April this year, cofounder and chief executive Abhiraj Singh Bhal, said in a post on X, earlier known as Twitter, on Monday.

13.05 / 07:37

UPS Target Booking show reports Interviews DBS Bank India plans to double small business book in 3 years

MUMBAI : Having achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring the lender’s optimism around a sector that contributes nearly 30% to the gross domestic product (GDP) and is a significant job creator. “We are growing our SME (small and medium enterprise) book and we have added new products. Like startups, it is not only a lending business and there is a liability side of the business too," Rajat Verma, managing director and head of institutional banking at DBS Bank India said in an interview.

13.05 / 00:33

markets UPS Citi IPO country reports Schools Flipkart works on home advantage with domicile rebound from Singapore

Flipkart has begun active discussions to move its domicile back from Singapore to its country of origin, said people aware of the matter. The 17-year-old company is the country’s biggest consumer internet firm with a foreign domicile. The homecoming for India’s best-known technology startup, which is now valued at around $33 billion, could also potentially deliver a handsome tax gain for the Indian government. Flipkart Pvt Ltd is the holding company based in Singapore.

12.05 / 16:31

markets Blockchain Digital Platform reports Asset Tokenization Tokenized Funds Wall Street Giants, JPMorgan’s Onyx Eye Industrializing Blockchain PoCs

Leading financial institutions on Wall Street are shifting their focus towards industrializing proofs-of-concept (PoCs) developed within the blockchain experiment known as Project Guardian.

11.05 / 03:19

markets Google Apple NVIDIA country reports Apple, Microsoft and Nvidia are investing billions of dollars in Southeast Asia. Here's why

Tim Cook and Satya Nadella, who last month embarked on their biggest tours across Southeast Asia in years. The investments they pledged are set to help turn the region into a major battleground between the likes of Amazon, Microsoft and Google in future frontiers such as artificial intelligence and the cloud. The region’s growing workforce is making it a viable alternative to China as a center of talent to support companies’ global operations.

10.05 / 11:45

Reuters Aware Manufacturing Food Everest Trade reports US says treatment of spices with ethylene oxide is 'safe' as Hong Kong, Singapore ban some MDH, Everest products

human consumption and a cancer risk with long exposure. According to reports, the health authorities in Singapore and Hong Kong found cancer-causing pesticide “ethylene oxide" in these masalas above the acceptable limits.

09.05 / 17:45

Action Food Everest Trade country testing Mint Primer | Indian spices: the bitter taste of global scrutiny

Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.

09.05 / 15:53

Ethereum USDT Platform Entertainment community Trade Rangers Imaginary Ones is coming to Bybit, marking a major milestone for its IP entertainment ecosystem

The listing announcement comes shortly after the project successfully onboarded over 2 million downloads worldwide for its flagship game, Bubble Rangers. The company has closed an oversubscribed funding round led by Animoca Brands, Polygon Ventures, Cypher Capital, Ed3n Ventures, and MH Ventures.

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