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
The contract involves delivery of a major part of BalWin5, a new 2.2 GW offshore high-voltage direct current grid connection.

Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power

This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date

Singapore stocks rallied after the Fed announced a rate cut on Thursday.

Singapore stocks inch up after Fed rate cut; STI rises 0.2%

Across the broader market, gainers edge out losers 256 to 244 after 1.1 billion securities worth S$1.3 billion change hands

This funding will help in further automation of Validus' supply chain financing platform said Nkhilesh Goel, co-founder and CEO, Validus.

Validus raises US$30 million Series D round led by Malaysia’s sovereign wealth fund Khazanah

Startup matches SMEs’ supply-chain financing needs to its pool of institutional investors

Nobuya Kawasaki,CEO, MUFG APAC

Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific

Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers

The three local banks had a mixed showing on Dec 10.

Singapore stocks close flat ahead of Fed interest rate decision

The STI ends the day flat; the iEdge Singapore Next 50 Index is 0.1% lower

SeaTown is confident in achieving its fundraising milestones heading into the final close of PCF III said Eddie Ong, Deputy CIO and Managing Director, Private Investments, SeaTown

Temasek-owned SeaTown raises about US$900 million as of second close of third private credit fund

This comes four months after its first close of over US$612 million in August

DFI Retail, which operates 7-Eleven stores in Singapore, leads the gainers on the STI with a 1.5% or US$0.06 increase to US$4.07.

Singapore stocks gain more ground on Tuesday as regional indices end mixed

Across the broader market, gainers trail losers 262 to 265, after 1.1 billion securities worth S$1.1 billion change hands

With the funding Vizzio will also set up a Hong Kong Office, said Jon Lee, CEO, Vizzio

Vizzio secures funding from Hong Kong Science & Technology Parks, will establish new Hong Kong office

Singapore-based startup will use investment to continue its R&D and expand its sales team

Setting up a second headquarters in the US will help in growing its US business, said Lucy Liu, co-founder and president, Airwallex.

Airwallex raises US$330 million Series G funding round led by Addition

The company will set up a second headquarters in San Francisco

ChemLex has also inked an MOU with the Experimental Drug Development Centre. Prof Damian O’Connell, CEO of EDDC, says its partnership with the startup will help to accelerate drug discovery and development.

Chemistry AI startup ChemLex raises US$45 million, sets up global HQ in Singapore

The funds will be used to hire more hardware and software engineers as well as chemists in the city-state

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