Grab to launch retail investment product, consumer loan platform

GRAB'S financial services arm, Grab Financial Group (GFG), is rolling out a micro-investment product and a third-party loan platform for its users.

Korea's Noroo Holdings opens agri-solutions hub in Singapore

KOREAN industrial and chemicals group Noroo Holdings has opened its global agriculture solutions hub in Singapore. Noroo Singapore drives innovation in the food industry through its food-solutions business and agritech offerings, the company said on Tuesday.

In pursuit of success and meaning: Sea founder shares his journey

THE founder of one of South-east Asia's most well-known tech companies had an unconventional way of pumping up his confidence level.

TOPLINE

Alliance expands in managed healthcare

AN ageing population and rising healthcare costs are long-term trends that Alliance Healthcare is zeroing in on as it expands its managed healthcare services business, executive chairman and CEO Barry Thng told The Business Times.

Biofourmis' remote monitoring platform used by MOH for Covid-19 patients

A PLATFORM developed by Biofourmis, a digital therapeutics company working on personalised predictive care, is being deployed by the Ministry of Health (MOH) to remotely monitor Covid-19 patients.

VIRUS OUTBREAK

NTUC, 3 affiliated unions slam 'unfair' layoffs at P&W-SIA Engineering joint venture

THREE unions and the National Trades Union Congress (NTUC) have publicly censured and stepped in to halt "unfair" layoffs that reportedly affected more than 100 workers at aircraft maintenance, repair and overhaul (MRO) company Eagle Services Asia.

TransferWise’s valuation jumps to US$5b; firm partners Singapore neobank Aspire

THE valuation of TransferWise, a fintech firm focused on foreign-exchange transactions, has risen to US$5 billion following a secondary share sale worth US$319 million. The valuation has risen 43 per cent since the startup raised US$292 million in May 2019. (see...

Traveloka raises US$250m from unnamed financial institution, EV Growth and others

INDONESIA-BASED Traveloka, South-east Asia's biggest online travel startup, has raised US$250 million, with the drive having been led by an undisclosed global financial institution. EV Growth and other existing investors also took part in it.

Financial settlement network EMQ raises US$20m led by WI Harper

FINTECH startup EMQ has raised US$20 million in Series B funding led by venture capital firm WI Harper Group.

GARAGE

StashAway raises US$16m in Series C round led by Square Peg

ROBO-ADVISER StashAway has raised US$16 million in its Series C funding round led by Square Peg Capital, a venture capital firm based in Australia.

West Java will not renegotiate Darco project

DARCO Water Technologies said on Friday that despite further discussions, the West Java government has reiterated that it is not agreeable to a renegotiation of the terms of the cooperation agreement for the group's proposed Indonesia waste management project.

LMIRT's Q2 DPU down to 0.11 S cent from 0.6 cent

LIPPO Malls Indonesia Retail Trust (LMIRT) on Friday reported a distribution per unit (DPU) of 0.11 Singapore cent for the second quarter ended June 30, down from 0.6 cent a year ago.

SPH subsidiaries' hearing date for JM application fixed for Aug 17

SINGAPORE Press Holdings (SPH) said that the hearing date for the judicial management applications of two of its subsidiaries has been fixed for Aug 17.

Darco again rejected by West Java government over re-negotiation of Indonesia project

DARCO Water Technologies said on Friday that despite further discussions, the West Java government has reiterated that it is not agreeable to a re-negotiation of the terms of the cooperation agreement for the group’s proposed Indonesia waste-management project.

Tiong Seng CEO and unit director to step down, and will defend charges in LTA graft case

TIONG Seng Holdings said on Friday evening that its chief executive officer as well as the director of Tiong Seng Contractors (Private) Limited (TSCPL), who are involved in a corruption case, will relinquish their executive roles from July 31. They intend to defend the charges brought against...

IPS Securex expects net profit for FY20, against FY19 loss

IPS Securex Holdings said it is expected to report a net profit for the financial year ended June 30, a turnaround from an audited net loss for FY2019.

Talent investor Entrepreneur First builds nine startups in seventh Singapore cohort

DEEP-TECH talent investor Entrepreneur First (EF) has produced its seventh cohort of nine companies from Singapore amid the pivot to virtual interactions as a result of the pandemic.

Sea rides digital wave to emerge as Singapore's most valuable listed firm

CONSUMER Internet firm Sea Ltd, the parent of e-commerce platform Shopee, has surpassed DBS Group Holdings to become Singapore's most valuable homegrown public company.

CUTTING EDGE

Sea's Forrest Li to speak at Cutting Edge thought leadership forum

BEFORE consumer Internet firm Sea became one of South-east Asia's most well-known tech names, the company was a scrappy startup working out of a small shophouse office on Maxwell Road in Singapore.

MIT's DPU down 7.4% for Q1; S$7.1m withheld due to virus worries

MAPLETREE Industrial Trust's (MIT) distribution per unit (DPU) stood at 2.87 Singapore cents for the first quarter ended June 30, down from 3.1 cents a year ago.

CSE Global bags S$114.9m in new orders for Q2, order book up 57% y-o-y

MAINBOARD-LISTED firm CSE Global secured S$114.9 million in new orders for the second quarter of 2020, an 8.5 per cent increase from a year ago.

Keppel DC Reit posts 13.6% rise in H1 DPU

KEPPEL Data Centre (DC) Reit on Tuesday posted a distribution per unit (DPU) of 4.375 Singapore cents for the half-year ended June 30, up 13.6 per cent from 3.85 cents a year ago.

Procedures for issuers dual-listed on SGX, Nasdaq to be smoothed out

A NEW agreement between Singapore Exchange Regulation (SGX RegCo) and Nasdaq will facilitate the regulatory exchange of information on issuers that are dual-listed on both exchanges. This includes a streamlined framework for issuers seeking a secondary listing on SGX.

Hong Leong Finance snags 640th spot in global ranking of 1,000 finance institutions

HONG Leong Finance has been ranked among the world's top 1,000 banks for the third consecutive year by The Banker, an economic and financial report by The Financial Times.

Thomson Medical unit to focus on children's education and development

THOMSON Medical Group said on Tuesday that Thomson Kids Pte Ltd (TKPL), incorporated by the group's indirect wholly-owned subsidiary Thomson Medical Pte Ltd, will focus on children's developmental health and well-being.