Leadership
Malaysia’s Kenanga Investment Bank invests US$5.2 million in Singapore fintech Helicap
The investment is part of Helicap’s Series B funding round and represents an 8% stake in the fintechMALAYSIA-BASED Kenanga Investment Bank on Monday (Sep 2) announced it has invested...
10-year average return on latest Singapore Savings Bond falls to 2.77%
The 10-year average return for the October tranch is lower than that for September, which was 3.1%SINGAPORE Savings Bond (SSB) yields continued to fall in the latest tranche, ahead...
ByteDance eyes US$9.5 billion in record Asia dollar corporate loan
ByteDance, the Chinese owner of TikTok, is tapping banks for a US$9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, according to people familiar...
Apple set for music, TV streaming fight in India after Airtel deal
APPLE’S partnership with India’s second-biggest telecoms firm will give the iPhone maker a sorely needed boost in a content market where it lags far behind the likes of Spotify...
Fintech Validus bags US$50 million loan to fund Indonesian MSMEs
VALIDUS has secured a debt facility of up to US$50 million from HSBC under the lender’s Asean growth fund strategy. Proceeds will be deployed through Validus’ Indonesian subsidiary Batumbu to...
Stocks to watch: Nio, Sats, Sembcorp
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 2):
Weakness in ferrous metal prices expected to persist amid China’s property, economic recovery woes
A sluggish Chinese economy has dampened the industrial metal markets, particularly the demand for iron and steelFERROUS metal prices are taking the hardest hit, analysts said, as concerns over...
‘Wrong instructions’ by EC World Reit sponsor CEO led to illegal mortgages, says legal counsel
THE chief executive officer of EC World Real Estate Investment Trust’s (Reit) sponsor gave wrong instructions to employees, and this led to the creation of unauthorised mortgages, investigations into...
