A deal for ride-hailing platform Grab to take over taxi operator Trans-cab will no longer go ahead, said Singapore’s…
Category: EQUITY/M&A
BROKERAGE TO RAMP UP INVESTMENT BANKING BUSINESS IN SOUTHEAST ASIA
A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team…
TEMASEK FINALISING SALE OF PAVILION ENREGY WITH SHELL
Singapore’s Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading…
2024 LENDING INCOME AT MOST APAC BANKS SET TO FALL
Lending incomes at many large Asia-Pacific banks are expected to dip in 2024, as margins come…
GRAB RAISES 1Q PROFIT FORECAST
Grab Holdings raised its full-year profit forecast on Wednesday (May 15) after reporting a higher-than-expected quarterly revenue,…
SIA TO PAY 8 MONTH BONUS FOLLOWING RECORD PROFITS
Singapore Airlines (SIA) staff will receive a bonus of almost eight months’ salary, following the airline’s record…
OCBC PLANS TO TAKE GREAT EASTERN PRIVATE
Singapore’s second-biggest lender, OCBC, unveiled a S$1.4 billion offer on Friday (May 10) to buy the…
UNCERTAINTY INHIBITS M&A: POOR OUTLOOK IN 2024
Uncertainty kills deals’: finance M&A likely to stay subdued after Q1 decline Mergers and acquisitions in…
DBS BEATS FORECASTS WITH POSITIVE OUTLOOK AHEAD
Singapore’s biggest bank DBS Group reported on Thursday (May 2) first-quarter results that trumped expectations with…
SingTel SHARES FALL BY 3% FOLLOWING US$2.3B IMPAIRMENT
Shares of Singapore Telecommunications (Singtel) fell as much as 3.3 per cent on Monday (Apr 29)…