HOCK LOCK SIEW

As a giant, Grab must act responsibly

WITH great power comes great responsibility. This quote from the Spider-Man comics thoroughly applies to Grab right now. On Monday, the Singapore-based ridehailing app turned consumer platform said that it would acquire the South-east Asian business of San Francisco-based rival Uber, taking over...
GRAB-UBER MERGER

Uber's exit a reminder to startups: you can't burn cash indefinitely

THERE were five - and then there were two, and now it's down to just one...

Grab buys Uber's South-east Asia business; Uber gets 27.5% stake in Grab

SINGAPORE-BASED Grab on Monday announced that it has acquired Uber's South-east Asia operations for an undisclosed sum - putting an end to months of speculation about the merger between the two ridehailing giants. ...

Grab buys Uber's South-east Asia business; Uber gets 27.5% stake in Grab

SINGAPORE-BASED Grab on Monday announced that it has acquired Uber's South-east Asia operations for an undisclosed sum - putting an end to months of speculation about the merger between the two ridehailing giants. ...

Singapore healthcare startup ObvioHealth raises US$3m Series A funding

OBVIOHEALTH, a Singapore and Orlando-based company offering mobile and "site-less" clinical trials, said on Friday it has raised US$3 million in Series A funding...

Markets shed risk, seek refuge in gold as US, China fire trade war's first shots

ASIAN stock markets and the US dollar fell on Friday morning while gold rose as analysts warned of a long-drawn trade dispute and weak risk appetite as the United States and China announced plans to impose tariffs on imports from the other country.

Mirach Energy to resume trading on Friday, following S$5.6m share placement

MIRACH Energy will resume trading on the Singapore Exchange on Friday.

Indonesia coal producer files lawsuit against Noble, seeks over US$260m compensation

NOBLE Group said on Friday that PT Atlas Resources Tbk, a coal producer listed on the Indonesia Stock Exchange, has filed a lawsuit in Indonesia against the company seeking compensation in excess of US$260 million.

Alibaba pumps US$2b into Lazada to wage war in SEA e-commerce market

E-COMMERCE giant Alibaba is pumping another US$2 billion into Lazada - raising the stakes in the fierce battle for South-east Asia's online shoppers and causing further hand-wringing among Singapore retailers...

Alibaba invests another US$2b in Lazada; Lucy Peng to become Lazada CEO

ALIBABA Group will invest a further US$2 billion into Singapore-based e-commerce company Lazada, and Lucy Peng - one of Alibaba's 18 co-founders and current chairman of Lazada - will take over as chief executive officer (CEO) of Lazada...
DISRUPTED

Spoofing tech

WHAT if God was one of us? Us Twitter users that is. What tweets would he post to the Twittersphere? Thanks to a parody account named "God", we now have a satirical glimpse into what's on his mind. For instance, "God" thinks that he is "constantly overthanked for...

Uber puzzles industry with carpool launch

UBER on Wednesday launched Uber Commute in Singapore, baffling industry watchers who told The Business Times that this came three years after its rival Grab launched a similar product, and amid speculation that Uber will soon sell its South-east Asian business to Grab.

Uber launches its first-in-Asia carpooling service

UBER Singapore on Wednesday launched UberCommute, a carpooling service designed for drivers to pick up riders who are going the same way. It is the first such service for Uber in Asia.

Grab Financial could disrupt banking sector

BANKS might soon be the next taxis. Grab's new fintech platform Grab Financial - which it launched on Tuesday - will impact and may one day disrupt the banking sector much like its ridehailing services have disrupted the taxi sector, industry players told The Business Times...

Grab launches region's first bike-sharing marketplace

IN a sign of further consolidation and hotter competition in Singapore's point-to-point transportation sector, Grab on Friday unveiled GrabCycle - a marketplace app that unites bike and e-scooter sharing services on one platform...
HOCK LOCK SIEW

Time to regulate Uber, Grab given their dominant role today

THAT Singapore could soon impose regulations on private-hire car services Uber and Grab may seem like a clamp down on disruptors. Both of which have transformed the transport industry here in the last five years. But regulations in this case are in fact a reflection of an economy that embraces...

New e-wallets to emerge with common QR code for S'pore: Stripe chief

NEW e-wallet solutions are expected to emerge in Singapore with the launch of SGQR this year, said Patrick Collison, chief of San Francisco-based financial technology company Stripe, on Wednesday.

New e-wallets to emerge with launch of common QR code for Singapore: Stripe chief

NEW e-wallet solutions are expected to emerge in Singapore with the launch of standardised protocols like SGQR this year, said Patrick Collison, chief of San Francisco-based financial technology company Stripe, during a fireside chat on Wednesday.
SINGAPORE BUDGET 2018

Singapore Budget 2018: A nationwide e-invoice system to link them all

IF a nationwide e-invoicing system that will be rolled out soon succeeds, it will cut costs for businesses, boost productivity, speed up payments, access new financing options and reduce errors.

Singapore to launch nationwide e-invoicing framework for businesses

BUSINESSES will soon be able to adopt a nationwide, interoperable electronic invoicing (e-invoicing) framework that could help them process payments more efficiently and increase productivity at work.

Booking website RedDoorz launches its first fully leased and run hotel

A SINGAPORE-BASED web platform that markets hospitality spaces is venturing into brick and mortar as part of efforts to transform the hospitality industry in South-east Asia.

Frasers Property's Thai unit prices 3 more debenture offerings totalling up to 5b baht

FRASERS Property said on Friday that its subsidiary, Frasers Property Holdings (Thailand), is making three more offerings under its 25 billion Thai baht (S$1.05 billion) debenture programme. They are expected to be issued on March 7.
DISRUPTED

All plant, no plastic

SOME signs are subtle, like the "NZ roads are different. Allow more time" ones that are plentiful in the Southland and West Coast regions, where overseas drivers are said to make up a large proportion of the traffic. ...

Frasers Property's Thai unit prices 3 more debenture offerings totalling up to 5b baht

FRASERS Property said on Friday that its subsidiary, Frasers Property Holdings (Thailand), is making three more offerings under its 25 billion-Thai baht (S$1.05 billion) debenture programme, which are expected to be issued on March 7.

Broker's take: DBS recommends 'buy' on Singapore Medical Group

DBS Equity Research has issued a 'Buy' recommendation on Singapore Medical Group (SMG) with a target price of S$0.73 a share. ...