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Former Prudential top agency manager received S$15.3m sign-on bonus from Aviva, court told

AVIVA dangled S$15.3 million as a sign-on bonus to Prudential Assurance Company Singapore's then top agency manager Peter Tan Shou Yi in 2016, Prudential said.

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Elite Partners Capital’s new fund eyes US$200m target to invest in undervalued firms

SINGAPORE-BASED private equity firm Elite Partners Capital is targeting to raise US$200 million for a new global equity fund that targets undervalued companies. The open-end Elite Trafford Global Equity Fund was launched in August and has since raised more than US$20 million, said Elite.

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OCBC first Singapore bank to join JPMorgan’s blockchain network

OCBC has become the first Singapore bank to join JPMorgan's live blockchain service - known as the interbank information network (IIN), JPMorgan said on Friday.

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Singapore M&A soars 70.6% to US$88.3b in 2019 to date: Refinitiv

MERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data.

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Singapore M&A soars 70.6% to US$88.3b in 2019 to date despite fewer deals: Refinitiv

MERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data.

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Singapore accounting and tax sector needs to digitise more: report

ALTHOUGH Singapore ranks as one of the easiest places to do business in Asia, its accounting and tax sector stands to benefit from greater digitisation, according to a report released on Friday by administrative services firm TMF Group.

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Asian markets unmoved by central banks’ latest actions

MARKETS in Asia may have largely shrugged off the latest series of central bank measures that were widely expected, but the moves point to lingering fears of a global economic slowdown.

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UOB becomes first foreign bank to open branch in China’s Zhongshan City

UOB (China) became the first foreign bank to open a branch in Guangdong's Zhongshan City on Thursday, as it continues its expansion plans in the Greater Bay Area (GBA) with a total of seven branches to date.

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MAS chief Ravi Menon to head BIS Asian Consultative Council

THE board of directors of the Bank for International Settlements (BIS) has appointed the Monetary Authority of Singapore's managing director Ravi Menon as chairman of the BIS Asian Consultative Council (ACC) for a two-year term starting Sept 26, 2019.

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Singapore’s asset management industry grows at slower 5.4% pace in 2018: MAS

DESPITE a challenging year for global financial markets in 2018, Singapore's assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).

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