DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley

[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”.That could unlock real gains for investors, the investment bank said in a report…

Continue ReadingDBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley

DBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley

[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”.That could unlock real gains for investors, the investment bank said in a report…

Continue ReadingDBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley

Vietnam’s death-row tycoon seeks Rothschild, UBS in S$46 billion rescue bid to save troubled local bank

[HO CHI MINH CITY] Facing death row for orchestrating Vietnam’s biggest financial fraud, property mogul Truong My Lan is seeking government nod for a 12-year, 930 trillion dong (S$45.5 billion) restructuring…

Continue ReadingVietnam’s death-row tycoon seeks Rothschild, UBS in S$46 billion rescue bid to save troubled local bank

ST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million

[SINGAPORE] Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST Engineering LeeBoy, a US-based construction equipment manufacturer, for…

Continue ReadingST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million

Income Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong

[SINGAPORE] Income Insurance is “keeping its options open” over various share liquidity options, which could include a share-buyback programme, said its retiring chairman Ronald Ong at the insurer’s annual general…

Continue ReadingIncome Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong