Tag: singapore

Alvaro Huete moves from Paris to Singapore at the French bank; he will oversee Singapore, Malaysia, Indonesia and Vietnam.

The record green loan for the data centre, to be built in Singapore, has been supported by a consortium of banks. Crédit Agricole CIB, DBS and ING were the global coordinators and sustainability structuring agents; the loan has an option to convert into a SLL.

The proceeds raised by the Singapore firm will be used to refinance existing debts and for general corporate purposes; Starhill has commercial properties across Apac and raised a S$600m SLL in March.

The global firm has added account issuance, domestic money transfers and e-money issuance to its Major Payment Institution licence.

Joy Kwek joins from Morgan Stanley and is tasked with increasing the synergy between SMBC and SMBC Nikko, and strengthening their capital markets and structured solutions offering.

DBS and UOB are providing a $411m loan for a joint project from Singapore data centre developer DayOne and the Indonesia Investment Authority; the aim is to supply 5% of Indonesia’s projected data centre capacity by 2029.

The partnership aims to connect European and Asian local market payment capabilities across B2B and consumer spending flows.

The manufacturer is in the oil and gas market and operates in six markets, including in the Middle East; the firm raised $33m and plans to use the money for R&D, marketing and working capital.

Dr Stephen Lu, Seatrium’s executive vice president for strategy, is taking Teng’s place as CFO at the firm on Tuesday, April 29.

The money raised from the 3.5% notes, due in 2030, will go towards the data infrastructure firm's green projects such as energy efficiency at its data centres across Apac; DBS, Standard Chartered, HSBC and OCBC helped secure the bond.

The 2025 Budget is bringing tax cuts, support for households, tax incentives for equities, more climate measures and support for AI; Singapore saw 4.4% GDP growth in 2024.

The increased digital capabilities of regional banks has increased competition for treasury centre investment across Asia as less established locations look to take business from Singapore, Hong Kong and Shanghai.