Keppel T&T Q3 net profit down 82% at S$12.8m

KEPPEL Telecommunications & Transportation (Keppel T&T) on Tuesday posted an 82 per cent fall in net profit to S$12.8 million for its three months ended Sept 30.

VC, PE investments for Q1-Q3 top SEA total for all of 2016

MORE than US$8 billion in venture capital (VC) and private equity (PE) investments was recorded in South-east Asia in between Q1 and Q3 this year. The figure exceeds gross investments in the region for the whole of last year (US$7.1 billion), said the Singapore Venture Capital Association (SVCA).

M1's Q3 net profit down 4.8% at S$32.7m

HIGHER depreciation and interest expenses led to a 4.8 per cent fall in M1's net profit to S$32.7 million for its third quarter ended Sept 30, 2017, the telco announced on Monday...

CapBridge raises S$4m in new funding from SGX, Tim Draper

CAPBRIDGE, a Singapore-based platform that helps emerging growth companies raise funds for growth, said on Monday that it has raised over S$4 million in a new funding round to enhance its online platform.

SingNet fined S$500,000 by IMDA for service disruption in December 2016

INTERNET service provider SingNet has been fined S$500,000 by the Infocomm Media Development Authority (IMDA) for the fibre broadband service disruption which occurred on Dec 3 last year.

M1 Q3 net profit down 4.8% to S$32.7m

M1 on Monday announced a 4.8 per cent fall in net profit after tax to S$32.7 million for its third quarter ended Sept 30, 2017 due mainly to higher depreciation and interest expenses.

China Fibretech: no Nominating Committee meeting convened

MAINBOARD-LISTED China Fibretech said on Sunday that no meeting of the company's Nominating Committee was convened to consider the appointment of two new directors, namely Choo Han Kiat, Eric and Leow Yong Kin, to its board. The firm was responding to a query by the Singapore Exchange (SGX) on...

Singapore to host Alibaba research lab

WITH a fresh, bold move, Alibaba Group is set to extend its influence across Singapore and the world over.

Alibaba launches US$15b global R&D programme, to open lab in Singapore

ALIBABA on Wednesday launched a US$15 billion global research programme, under which Singapore has been chosen as one of seven markets to host its research labs.

Trendlines proposes S$14m share placement, plans strategic review

THE Trendlines Group on Tuesday proposed a S$14.03 million placement of new shares at 14.03 Singapore cents apiece.
HOT STOCK

Olam's 5.6% surge prompts SGX query

COMMODITIES trader Olam International said on Tuesday that it was unaware of any information that could explain the unusual surge in its share price within the day.

OCBC, StarHub launch S$6m 'We Economy' tie-up

THE "We Economy" could finally be taking off in Singapore. Part of the new digital economy, it is where pioneering enterprises move beyond conventional industry silos to form unified digital ecosystems that can more effectively and comprehensively serve their customers. ...

OCBC, StarHub invest S$6m to drive Singapore's 'We Economy'

HOMEGROWN big names OCBC and StarHub on Monday announced a S$6 million bank-telco partnership to drive Singapore's "We Economy" and better serve their customers. ...
DISRUPTED

The Disruptor's guide to Singapore

THIS week, Disrupted showcases some of the places in Singapore where entrepreneurs like to hang out, hustle and get inspired - informed by six startup founders who live here.
HOCK LOCK SIEW

Corporate-startup programmes should focus on the startups, not the corporates

THIS week, ST Engineering launched Innosparks - an incubator for healthcare, workplace safety and security startups - in an event officiated by Minister for Trade and Industry (Industry) S Iswaran. The Singapore-listed engineering group said that it would commit up to S$500,000 to each startup to...

Shenzhen a good place for S'pore hardware startups: IE Singapore

OPPORTUNITIES abound for Singapore hardware startups in Shenzhen, a metropolis that has in the past few decades incidentally become Guangdong's most innovative city, said April Oh, regional director for South China at IE Singapore...

S'pore group working on Know Your Customer blockchain system

THE Republic is yet another step closer to using blockchain technology to improve Know Your Customer (KYC), currently one of the most tedious, complex and highly regulated of financial processes.

Grab pumps US$15m into autonomous vehicle startup

IN a move that will accelerate its influence in the global land transport space, Grab has invested US$15 million in California-based driverless car technology startup, Drive.ai.

IBF launches mobile learning app to train new capabilities in finance

THE Institute of Banking and Finance Singapore (IBF) on Friday announced the launch of Learn@IBF, a mobile learning app, that will complement the training of a new suite of capabilities that it has identified for the finance industry.

Roxy-Pacific buys Auckland office tower for NZ$63m

REAL estate developer Roxy-Pacific Holdings announced on Thursday that it will acquire NZI Centre in Auckland, New Zealand, for some NZ$63 million (S$61.7 million), excluding taxes.

Roxy-Pacific buys NZ office tower for NZ$63m

REAL estate developer Roxy-Pacific Holdings said on Thursday that it will acquire NZI Centre in Auckland, New Zealand, for some NZ$63 million (S$61.7 million).

Many recipes but Singapore's cashless appetite still not sated

TOO many cooks are spoiling the broth in Singapore's pursuit of a cashless society. Competition among e-payment players will improve user experience, certainly, but Singapore does not need another new e-wallet; it needs a standardised Quick Response (QR) code or Point-of-Sale (POS) terminal,...
COMMENTARY

When a cluttered counter obstructed cashless payments

LAST week, I picked up a bottle of hair conditioner and some mouthwash at a pharmacy. As I waited in line at the cashier, I was pondering the different ways that I could pay for my items - which would cost less than S$10. With only a S$100 note in my wallet and not wanting to deal with change, I...

Local banks shutting our accounts, say cryptocurrency firms

CRYPTOCURRENCY firms in Singapore are crying foul against what they see as an indiscriminate closing of their bank accounts by local banks, which has rendered many of these "blockchain disruptors" unable to continue their operations here. ...

Sea looks to turn the tide with NYSE float

SEA - the Singapore-based Internet company formerly known as Garena - is joining the big boys on the New York Stock Exchange.