Engine Biosciences to raise additional funding next year

A BIOTECH startup that only this year raised what is believed to be the largest round of seed funding in South-east Asia has plans to raise additional funding as early as next year, The Business Times has learnt.

PE and VC deals into South-east Asia hit record US$23.5b in 2017: report

PRIVATE equity (PE) and venture capital (VC) investments into South-east Asia hit a record US$23.5 billion in 2017 on the back of several "mega-deals for valuable companies", a report has said...

Cuscaden Road GLS site to be developed into luxury residence

A RESIDENTIAL Government Land Sales (GLS) site at Cuscaden Road, which fetched a top bid of S$410 million, will be developed into a luxury residential project "enriched by a focus on arts and culture"...

Six individuals get prohition orders for mis-selling investment products: MAS

THE Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against six individuals for the mis-selling of investment products.

Private equity, venture capital investments into South-east Asia hit record US$23.5b in 2017: SVCA report

PRIVATE equity (PE) and venture capital (VC) investments into South-east Asia hit a record US$23.5 billion in 2017, going by the South-east Asia PE & VC: Investment Activity report.

Private equity, venture capital investments into S-E Asia hit record US$23.5b in 2017: SVCA report

PRIVATE equity (PE) and venture capital (VC) investments into South-east Asia hit a record US$23.5 billion in 2017, going by the South-east Asia PE & VC: Investment Activity report.

Tenders for sites on Cuscaden Road, Mattar Road and Silat Avenue go to highest bidders

THE Urban Redevelopment Authority of Singapore (URA) on Thursday announced that the tenders for the sites at Cuscaden Road, Mattar Road and Silat Avenue have been gone to the highest bidders - or in the case of Silat Avenue, the sole bidder.

AA Reit: Redevelopment at 3 Tuas Ave 2 to cost S$48.2m

AIMS AMP Capital Industrial Reit (AA Reit) on Thursday announced that the redevelopment of its property at 3 Tuas Avenue 2 will cost about S$48.2 million and the property's value upon completion is estimated at S$51.0 million. ...

Singtel Q4 profit shrinks 19% to S$781m on forex effects, lower associates' contributions

SINGTEL on Thursday posted a 19 per cent fall in net profit to S$781 million for its fourth quarter ended March 31, 2018, down from S$963 million a year ago.

Singapore AI health startup UCARE.AI raises S$8.2m in funding

UCARE.AI - a Singapore-based healthcare startup that uses artificial intelligence (AI) to optimise healthcare resources and reduce healthcare costs across the industry - has raised S$8.2 million in funding.

Singapore AI health startup UCARE.AI raises S$8.2m in funding

UCARE.AI - a Singapore-based healthcare startup that uses artificial intelligence (AI) to optimise healthcare resources and reduce healthcare costs across the industry - has raised S$8.2 million in funding.

Golden Agri-Resources Q1 net profit down 68%

MAINBOARD-LISTED agri-business Golden Agri-Resources on Tuesday posted a 68 per cent fall in net profit to US$11.9 million for its first quarter ended March 31, 2018, down from US$37.6 million a year ago.

Fernhill Court near Nassim Road up for S$125m collective sale

FERNHILL Court at 60 Fernhill Road will be put up for collective sale at a reserve price of S$125 million.

Singapore Medical Group's Q1 profit more than doubles to S$3.42m

SINGAPORE Medical Group (SMG), a specialist practitioner focused on women's health and wellness, on Tuesday reported a net profit of S$3.42 million for its first quarter ended March 31, 2018, which is more than double the S$1.43 million recorded in the previous year...

Golden Agri-Resources Q1 profit down 68% to US$11.9m

SHARES of mainboard-listed agribusiness Golden Agri-Resources fell by 2.78 per cent or one Singapore cent to trade at S$0.35 as at 9.44am on Tuesday - after the company posted a 68 per cent fall in net profit to US$11.9 million for its first quarter ended March 31, 2018, down from US$37.6 million a...

Singapore transport management startup VersaFleet gets S$2.8m in funding

SINGAPORE transport management startup VersaFleet has raised S$2.8 million in pre-Series A funding, in a round led by India's Prestellar Ventures and participated in by angel investors...

Singapore car marketplace Carro scores US$60m in Series B funding

CARRO, a Singapore-based car marketplace startup, has raised US$60 million in Series B funding.

GIC teams up to launch rental apartment platform in China

GIC, Singapore's sovereign wealth fund, is partnering Nova, a Shanghai-based property investment and asset management platform, to set up a 4.3 billion yuan (S$904.9 million) rental apartment platform in China...

Singapore car marketplace Carro scores US$60m in Series B funding

CARRO, a Singapore-based car marketplace startup, has raised US$60 million in Series B funding.

HMI acquires 62.5% of new StarMed Specialist Centre for up to S$8.8m

MAINBOARD-listed private healthcare group Health Management International (HMI) has acquired a 62.5 per cent equity stake in StarMed @ Farrer Square (StarMed@FS) for a consideration of S$6.9 million.

Singapore transport management startup VersaFleet gets S$2.8m, pre-Series A funding

SINGAPORE transport management startup VersaFleet has raised S$2.8 million in pre-Series A funding, in a round led by India's Prestellar Ventures and participated in by angel investors...

GIC partners Shanghai's Nova to set up 4.3b yuan rental apartment platform in China

GIC, Singapore's sovereign wealth fund, is partnering Nova, a Shanghai-based property investment and asset management platform, to set up a 4.3 billion yuan (S$904.9 million) rental apartment platform in China. ...

Sarine Technologies Q1 profit up 27% to US$3.1m

SARINE Technologies, a mainboard-listed precision technology products maker, has posted a 27 per cent rise in net profit to US$3.1 million for the first quarter ended March 31, 2018, up from U$2.5 million a year ago.
BT EXCLUSIVE

Carousell snags US$85m in new funding by investors including DBS

CAROUSELL, Singapore's poster startup and online classifieds app, has raised US$85 million in Series C funding - a round The Business Times has learnt is entirely equity and does not include debt - with local lender DBS also joining as a new investor. ...

S-E Asia achieves record year with US$20b in PE deal value

SOUTH-EAST Asia scored a record year in private equity with US$20 billion in deal value in 2017, more than double the US$8 billion recorded in 2016, going by Bain & Company's 2018 South-east Asia Private Equity Report which was released last week...