M&A appetite in overdrive for oil-and-gas firms: EY

AN EY report on Wednesday said the appetite for mergers and acquisitions (M&A) among oil-and-gas firms is at its highest among all industries surveyed, amid a more stable economic growth environment and as companies better assess the threat of competition.

M&A appetite in overdrive for oil-and-gas firms: EY

AN EY report on Wednesday said the appetite for mergers and acquisitions (M&A) among oil-and-gas firms is at its highest among all industries surveyed, amid a more stable economic growth environment and as companies better assess the threat of competition.

Noble shares soar as firm secures Goldilocks' backing for sweetened restructuring plan

NOBLE Group on Wednesday said it has won support from its shareholder Goldilocks for its financial restructuring, with the commodities firm electing to raise the amount of equity that shareholders would hold in the newly restructured firm to 20 per cent from 15 per cent proposed previously.

EU-Asean Business Council re-elects Eastspring's Donald Kanak as chairman

THE EU-ASEAN Business Council (EU-ABC) has re-elected Donald Kanak as its chairman for a second two-year term, the council said in a press statement on Wednesday. Mr Kanak is the chairman of Prudential's Eastspring Investments...

France hotel chain Accor lets option to buy 10% of Banyan Tree lapse

RESORT operator Banyan Tree Holdings said late Tuesday evening French hotel chain operator Accor has not exercised an option to buy up to 10 per cent of Banyan. 

OCBC targets S$1b profit from China's Greater Bay Area by 2023

OCBC, Singapore's second-largest bank, expects to hit at least S$1 billion in pre-tax profits from the Greater Bay Area - comprising Hong Kong and Macau, grouped with several cities in Guangdong province - by 2023...

OCBC keen to expand into onshore wealth management in China

OCBC is evaluating how it would expand into the onshore wealth management space in China, seeing increasing demand for wealth management services from domestic Chinese clients and as China plans to open up its financial sector in this space.
SASS AND THE CITY

Shhhh, I'm networking

THERE was this time when my colleagues and I were part of a media lunch with a gregarious bunch (read: lawyers). After about two hours, we packed into a lift and waved our good-byes as the door slid close.

Citi's Asia consumer business gains from its digital strides

CITI has reaped a clear payoff from its digital investments in its consumer business in Asia, having posted seven consecutive quarters of growth as at the first quarter of 2018.
COMMENTARY

Youth is no guarantee of your startup's success

SO you're young and want to start a fintech or your own business. ...

GIC, Temasek join Ant Financial's US$14b Series C funding round

SINGAPORE'S sovereign wealth investors Temasek Holdings and GIC are part of a group of investors pumping in about US$14 billion in Ant Financial, the Chinese company said on Friday...

SembMarine to buy Sevan Marine's IP in US$28m deal to end legal dispute

SEMBCORP Marine (SembMarine) plans to buy the intellectual property of Norway's Sevan Marine for US$28 million and bring an end to a long-standing intellectual property dispute between the two parties, according to a Friday morning announcement on the Singapore Exchange...

Lawrence Wong to take over Gan Kim Yong as chairman of Singapore Labour Foundation

LAWRENCE Wong, Minister for National Development and Second Minister for Finance, will take over from Minister for Health Gan Kim Yong as chairman of the Singapore Labour Foundation (SLF) board, the Ministry of Manpower said on Friday. These changes take effect on June 9, 2018, and is part of...

Singapore has sought Interpol help to find, arrest Jho Low since 2016: Singapore authorities

SINGAPORE authorities said that they have sought help from Interpol to locate and arrest two key figures related to 1MDB fund flows since 2016.

GIC, Temasek participate in Ant Financial's US$14b Series C funding round

SINGAPORE'S sovereign wealth investors Temasek Holdings and GIC are part of a group of investors pumping in about US$14 billion in Ant Financial, the Chinese company on Friday said...

Broker's take: CGS-CIMB says Trump-Kim and 3,000 reporters a boon for hospitality

CGS-CIMB said in a report this week that the upcoming Trump-Kim summit puts Singapore in the spotlight as a key arbitration hub, which should boost hospitality, services and office sectors in the medium term.

SembMarine to buy Sevan Marine's intellectual property in US$28m deal to end legal dispute

SEMBCORP Marine (SembMarine) plans to buy the intellectual property of Norway’s Sevan Marine for US$28 million and bring an end to a long-standing intellectual property dispute between the two parties, according to a Friday morning announcement on the Singapore Exchange.

On green financing, a lack of colour on required standards

ASEAN will need US$200 billion in green investment from 2016 to 2030, a five-time increase from current levels - and that speaks to the "significant potential" for private capital to enter this space, said a top executive from the Monetary Authority of Singapore (MAS) on Thursday...

Del Monte Pacific delays IPO of Philippine unit

DEL Monte Pacific on Thursday said it would delay the initial public offering (IPO) of its Philippine unit, citing volatile market conditions.

MAS partners IFC to spur green bond market in Asia

THE Monetary Authority of Singapore (MAS) and IFC, a member of the World Bank Group, are partnering up to boost the growth of the green bond market in Asia.

Broker's take: OCBC Investment Research sees HPHT selldown as overblown

OCBC Investment Research on Thursday said there was still room to go after the short rally on Hutchison Port Holdings Trust (HPHT) this week. 

Addvalue to sell data gathering services to 'premier global satellite service company'

SATELLITE communications company Addvalue Technologies on Thursday said it has agreed with an existing customer - described as a "premier global satellite service company" - to provide data gathering services from now to at least 2026...

Del Monte Pacific delays IPO of Philippine unit

DEL Monte Pacific on Thursday said it would delay the initial public offering (IPO) of its Philippine unit, citing volatile market conditions. 
BT EXCLUSIVE

Ex-Temasek banker emerging as active fintech investor

AN OLD hand in the banking industry has moved quietly into the fintech space, seeing vast opportunities in the consumer finance and SME lending space in this part of the world.
HOCK LOCK SIEW

Bold 'open banking' concept prompts bigger questions on transparency

A FEW weekends ago, this reporter was spending time hunched over a laptop, trying to figure out the reason behind certain exorbitant fee charges that had been imposed over a switch in certain banking accounts.