investment

Early CPF withdrawals indicate anxiety; more nest eggs needed for future
SINGAPORE (Sept 10): It will be more than a decade from now before Tee, 43, can withdraw some cash from her Central Provident Fund (CPF) savings, but she has already made up her mind. Once she turns 55, the electrical engineer hopes to withdraw up to “tens of thousands” of dollars from her Ordinary Account (OA) and Special Account (SA) savings. This is the milestone age when the Retirement ...
Thakral Corp's 1H18 earnings rise 50% to $4 mil on higher revenue
SINGAPORE (Aug 2): Thakral Corporation reported a 50% rise in 1H18 earnings to $4 million compared to its earnings of $2.7 million a year ago. This came on the back of strong revenue growth from both its core businesses, investment and lifestyle.   For the 2Q ended June, Thakral posted $1.7 million in earnings, up 45% from $1.2 million in 2Q17. Revenue for 1H18 grew 18% to $84.1 ...
Interaction and advice makes wealth managing that much more meaningful
SINGAPORE (July 18): When it comes to wealth management, a constant dialogue with clients makes all the difference, says Dominique Jooris, South Asia CEO at Pictet Wealth Management. In an exclusive interview with The Edge Singapore, Jooris says “These dialogues are why one would go to a private bank. This is the type of service you would find here, that you would not find at commercial ...
ezbuy raises US$17.6 mil in pre-series C funding
SINGAPORE (May 24): Local online shopping platform, ezbuy.sg, has successfully raised a total of US$17.6 million ($23.6 million) in its pre-series C funding. This round of funding was co-led by several venture capitalist firms in the region, including IDG, Ventech, Sky9, VKC and CGC. In a media release issued on Thursday, ezbuy says that it will be using the funding to offer quicker and ...
Chip Eng Seng to acquire up to 75% stake in US education consulting firm
SINGAPORE (May 21): Chip Eng Seng (CES) is planning to acquire up to 75% in Pennsylvania-based American Scholar Group (ASG) for US$1.5 million ($2 million).   ASG is a full-service education consulting organisation which facilitates study-in-America opportunities for both students and educators by placing them into ASG’s partner schools including K-12 schools, colleges and ...
China Jinjiang's 1Q earnings fall 21% to $21.1 mil; acquires stake in Brazilian WTE firm
SINGAPORE (Apr 23): China Jinjiang Environment reported 1Q18 earnings fell 20.9% to RMB 100.8 million ($21.1 million) from RMB 127.4 million in 1Q17 on lower sales and higher cost of sales and finance costs. Revenue increased by 35.4% to RMB 754.9 million from RM 557.6 million a year ago mainly due to an increase in revenue from the group’s construction services provided under ...
iFAST trading platform FSMOne.com offers limited-time $10 flat fee to local investors
SINGAPORE (Apr 16): iFAST Corp’s FSMOne.com, is offering a $10 flat fee to all investors trading SGX-listed stocks and exchange-traded funds (ETFs) on its platform, from Monday till May 31. The flat fee excludes Central Depository (CDP) clearing fees and SGX trading fees, and does not include prevailing GST charges. For non-SGD transactions on SGX-listed stocks and ETFs, the following ...
Allianz becomes Go-Jek's sole international insurance shareholder with US$35 mil investment
SINGAPORE (Apr 11): Financial services provider Allianz says it has invested US$35 million ($45.8 million) in Indonesian ride-hailing platform Go-Jek through its digital investment unit, Allianz X. The deal – which makes the Allianz group of companies Go-Jek’s sole international insurance shareholder – marks Allianz X’s first investment in a Southeast Asian-headquartered company, and ...
Ho Bee Land investing up to EUR 90 mil to diversify geographically and optimise returns
SINGAPORE (Mar 26): Ho Bee Land, which has property investments and developments in Australia, China and the United Kingdom, is investing up to EUR 90 million ($146.3 million) in cash to diversify geographically and to optimise returns on its available funds. The group has entered into an agreement with Credit Suisse AG, Singapore Branch to invest up to EUR 40 million in the CS Real ...
Frasers Hospitality invests $250 mil to develop serviced residence in Tokyo
SINGAPORE (Feb 6): Frasers Hospitality, a member of Frasers Property Group, is investing $250 million to develop a new serviced residence in Tokyo’s Ginza district. The property will be launched under the group’s Capri by Fraser brand and is expected to open around 2020. The millennial-focused hotel residence, Capri by Fraser, will have close to 200 rooms and will be equipped with ...