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News

New S$75m grant to enhance Singapore as an enterprise financing hub

By |2019-09-18T16:54:11+08:00May 1st, 2019|Corporate Finance, News|

Singapore, 14 January 2019 - The Monetary Authority of Singapore (MAS) will launch next month a new S$75 million Grant for Equity Market Singapore (GEMS). Announcing this at the UBS Wealth Insights conference today, Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as [...]

SGX, Third500 to build emerging growth IPO market

By |2019-08-20T23:38:38+08:00September 24th, 2018|Corporate Finance, Financial Advisory, Initial Public Offering, News, Private Business, Private Equity|

THIRD500, the Singapore-based affiliate of US investment bank, Healthios Capital Markets LLC, on Monday said it is partnering the Singapore bourse to build a pre-IPO (initial public offering) and IPO market for venture-backed emerging growth companies. In particular, Third500 focuses on companies that have each attracted on average US$60 million in [...]

Universal SGQR code rolled out in Singapore

By |2019-08-20T23:38:39+08:00September 21st, 2018|Asia, News, Private Business, Technology|

A universal QR code was launched on Monday (Sept 17) to free merchants from the need to display multiple QR codes to accept different cashless payment schemes. Dubbed SGQR, the national QR code allows consumers to scan and transfer funds from as many as 27 e-payment apps, including GrabPay, Dash and [...]

Noble Group’s Top Creditors Seek to Draw Line Under Crisis

By |2019-08-20T23:38:39+08:00September 20th, 2018|Asia, Corporate Advisory, Corporate Finance, Merger and Acquisitions, News|

Noble Group Ltd. plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signaled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $3.5 billion [...]

Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash

By |2019-08-20T23:38:39+08:00September 18th, 2018|Blockchain, News|

The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s [...]

North Korean charged over cyber attack that hit NHS

By |2019-08-20T23:38:39+08:00September 14th, 2018|Cyber Security, Europe, News|

A North Korean man has been identified as part of a group behind the WannaCry ransomware which caused havoc to the NHS. US authorities say Park Jin Hyok was part of the state-sponsored "Lazarus Group", which was allegedly being responsible for hacks on Sony Pictures and the theft of $81m [...]

British Airways – 380,000 card payments ‘compromised’

By |2019-08-20T23:38:39+08:00September 13th, 2018|Cyber Security, Europe, News|

Shares of British Airways' parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been "compromised" in a data theft. The airline said people using BA.com and its mobile app for flight bookings [...]

China’s ‘Silk Road’ project runs into debt jam

By |2019-08-20T23:38:39+08:00September 6th, 2018|Asia, Corporate Finance, Financial Advisory, International, News|

CHINA'S massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the "new Silk Road" envisions the construction of railways, roads [...]

Case Study: PwC UK auditor spent only 2 hours on BHS Audit

By |2019-08-20T23:38:39+08:00August 31st, 2018|Audit and Assurance, Europe, News|

In an email seen by Sky News, Kevin Ellis, chairman of PwC UK, reportedly blasted partner Steve Denison over his audit work for BHS, which last week led to a six-figure fine and 15-year ban for Denison and a record £10m fine for the Big Four firm (reduced to £6.5m). [...]

Independent directors to face 9-year limit – SGX

By |2019-08-20T23:38:39+08:00August 30th, 2018|Asia, Business Support, Corporate Assistance, Initial Public Offering, News|

SINGAPORE-LISTED companies will have to justify the independence of long-serving independent directors - if suggested rule changes put forth by the Corporate Governance Council on Tuesday go into force within the second half of this year. To encourage firms to refresh and introduce more diversity into their boardrooms, the Council [...]