News
Catalist-listed MoneyMax proposes transfer to SGX mainboard
[SINGAPORE] Pawnbroker MoneyMax Financial Services is looking to transfer its listing to the mainboard of the Singapore Exchange (SGX), from its current listing on the Catalist board. A listing...
HSBC plans risk transfer linked to 2 billion euros of corporate loans
It enables the bank to boost its solvency ratios and reduce reliance on less shareholder-friendly options[LONDON] HSBC is gauging investor demand for a significant risk transfer (SRT), tied to...
HSBC considers selling Singapore insurance business: sources
[SINGAPORE] HSBC Holdings is exploring options for its insurance unit in Singapore, including a sale, people familiar with the matter said, following other business revamps globally under CEO Georges...
DBS unlocks S$1 billion in AI value in 2025
But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent [SINGAPORE] DBS notched up a one-third increase in economic value...
Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer
The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans[SINGAPORE] A listing on the Catalist board of the Singapore Exchange (SGX) will raise...
Singapore stocks edge up in line with regional rise; STI gains 0.1%
Across the broader market, advancers outnumber decliners 338 to 214, with 1.7 billion shares worth S$1.6 billion changing hands[SINGAPORE] Singapore shares ended higher on Wednesday (Jan 14) as stock...
Jollibee CFO says growth supports 2027 US listing of international arm
The international business accounts for 6,800 of 10,300 stores by the end of last year’s third quarter[MANILA/SINGAPORE] Jollibee Foods’ international business is “ready to be a standalone”, its global...
Prudential taps ex-HSBC veteran Douglas Flint as chairman
Flint, who was chairman of HSBC until 2017, will replace Shriti Vadera and will join the board in March[LONDON] Prudential has appointed Douglas Flint as its next chairman, becoming...
China’s 2025 rare earth exports hit highest since at least 2014 despite restrictions
[BEIJING] China’s rare earth exports in 2025 hit the highest level since at least 2014, even as Beijing began restricting shipments of several medium to heavy elements from April.The...
Hong Kong activist investor David Webb dies of cancer
HONG Kong activist investor and prominent commentator David Webb has died of metastatic prostate cancer, according to his social media accounts.Webb, a British-born former investment banker, began publishing columns on economic...
