The Business Times
Benjamin Cher

Benjamin Cher

CORRESPONDENT

Benjamin is a correspondent with BT’s Companies and Markets team. He covers the tech and venture capital ecosystem in Southeast Asia. He was previously with Garage, BT’s startup and venture capital portal, and The Edge Singapore.

emailbenjamincher@sph.com.sg
email@BenCherBT
Pressure on private credit in increasing as write-down ramp even in senior loans.

Private credit valuations under pressure; back to fundamentals for buyout firms in 2026: MSCI

Higher base rates are challenging borrowers’ ability to fulfil interest burdens

The SGX-NYSE dual listing tie up announced in Jul 2022 failed to get any interest or participant in the scheme.

The SGX-NYSE tie-up didn’t take off, but conditions today may spell success for SGX-Nasdaq dual listing

Rising interest rates and post-pandemic situation weighed on market in 2022, but that has changed

Toku''s IPO was 31.9 times subscribed, and will begin trading at 9 am on Thursday (Jan 22).

Customer experience platform Toku’s IPO 31.9 times subscribed

The company raises total gross proceeds of about S$16.3 million

The acquisition will allow Airwallex to operate directly in South Korea, said Arnold Chan, general manager, Asia Pacific, Airwallex.

Temasek-backed fintech Airwallex enters South Korea market via acquisition of Paynuri

The financial platform is looking to tap demand for Korean entertainment and consumer goods

Asian investors sought stability and yield of fixed income funds in 2025 amid tariff uncertainty.

Fixed income funds top Asian inflows in 2025 as investors seek stability and yield

Fixed income demand up sharply through May to August

ShopBack is focused on experimentation to keep the flywheel of users, merchants and the platform spinning, said Joel Leong, co-founder, ShopBack.

ShopBack crosses S$1 billion in cashback to users, says experimentation is still key

Being app-driven sets it apart from competitors in markets such as the US and Germany

Even as government measures boost local exchanges, private equity will still hedge exit strategies with continuation funds and secondary buyouts.

Private equity turns to continuation funds, secondary buyouts as alternative to traditional exits: Morrison Foerster

This trend will likely continue in South-east Asia and globally as liquidity engineering goes mainstream

Analysts largely concur that companies that are likely to be interested in the bridge would include Nasdaq-listed or Nasdaq-ready firms with international or Asian-focused growth strategies.

Go big or go home: What SGX and Nasdaq’s S$2 billion dual-listing threshold signals to the market

Requirement ensures that potential issuers are big enough for institutional and analyst attention, and have sufficient liquidity, say observers

The SGX-Nasdaq dual listing bridge stands more to gain with Temasek and GIC participation than without.
NEWS ANALYSIS

Why the SGX-Nasdaq dual-listing bridge suits Temasek and GIC portfolio companies

The bridge allows firms to access both investor bases in parallel, cutting cost and complexity relative to separate listings

The Catalist listing is not an exit but a stepping stone said Thomas Laboulle, founder and CEO of Toku

Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer

The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans

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