BT EXCLUSIVE

US$335m in new venture funds launched for S-EA tech startups

SOUTH-EAST Asia's startup ecosystem is coming into its own. In just the past week, three new venture funds totalling US$335 million were launched for the region's startups, The Business Times has learnt. ...
DISRUPTED

Be at the top of your game with data

BLUNDERS were aplenty during the 2018 Fifa World Cup. Remember how Argentina's goalie Willy Caballero kicked the ball directly to Croatian player Ante Rebic who then scored? How about that marketing campaign by Burger King Russia that offered Russian women millions in roubles and lifetime...

Grab, Ping An form JV to deliver online healthcare services in South-east Asia

GRAB said on Thursday that it has formed a joint venture (JV) with Ping An Healthcare and Technology Company (or Ping An Good Doctor) to deliver "transformative online healthcare services in South-east Asia."...
STARTUPS

Ryde's on-demand courier service is 'no go' for LTA

RYDESEND, the new peer-to-peer, on-demand courier service proposed by homegrown startup Ryde Technologies, does not comply with regulations, The Business Times has learnt.

Ride-hailing app Ryde to offer P2P courier service RydeSEND on Sept 3

SINGAPORE-BASED ride-hailing company Ryde Technologies on Wednesday unveiled a peer-to-peer, on-demand courier service named RydeSEND.
BT EXCLUSIVE

MoneySmart plans 2020 IPO, acquisition also on the cards

ENTREPRENEUR Vinod Nair has a bold vision: to disrupt the financial advisory industry with MoneySmart, the personal finance portal he founded in 2009 to help consumers compare loans, credit cards and insurance.

PayNow Corporate seen as 'game-changer' in Singapore's cashless drive

PAYNOW Corporate - the e-payment service for businesses which will be launched on Monday - is said to be a game-changer in Singapore's push towards a unified e-payments system and cashless society. In line with that, participating banks have reported strong interest for the service among...

Golden Gate Ventures launches US$10m blockchain fund

GOLDEN Gate Ventures (GGV), a Singapore-based venture capital firm that has invested in startups including Carousell, 99.co and MoneySmart, is launching a dedicated fund for blockchain investments.

Noble to hold special meeting to approve restructuring plan

NOBLE Group on Friday announced that a special general meeting (SGM) to approve the company's proposed restructuring has been convened for Aug 27, at 2.30pm...

Surbana Jurong, Malaysia's Help University to set up green design and technology centre

SURBANA Jurong said on Friday it has signed a memorandum of understanding (MOU) with Malaysia's Help University to set up a Green Design and Technology Centre...

HRNetGroup Q2 profit jumps 78% to S$13m

MAINBOARD-LISTED recruitment firm HRNetGroup on Friday posted a second quarter net profit of S$13 million, up 78 per cent from S$7.3 million the year ago.

Golden Gate Ventures rolls out dedicated US$10m fund for blockchain investments

GOLDEN Gate Ventures (GGV) - a Singapore-based venture capital firm that has invested in startups like Carousell and MoneySmart - is launching a dedicated fund for blockchain investments.

2 in 3 SMEs likely to go cashless by 2023: OCBC poll

TWO in three small and medium enterprises (SMEs) in Singapore are likely to go cashless by 2023, according to an OCBC survey which polled 200 such companies.

Global Invacom Q2 profit down 76% on slower satellite equipment orders

GLOBAL Invacom, a mainboard-listed provider of satellite communications equipment, on Friday posted a 76.4 per cent drop in second-quarter net profit to US$0.2 million, down from US$0.9 million a year ago.

Noble to hold special general meeting on Aug 27 to approve restructuring plan

NOBLE Group on Friday announced that a special general meeting (SGM) to approve the company’s proposed restructuring has been convened for Aug 27, at 2.30pm.
BT EXCLUSIVE

For Singapore startups, India is a land of fintech opportunities

A HUGE 1.3 billion population, strong government support for going cashless, and an "existential crisis" faced by traditional financial institutions (FIs), are among the factors that make India a promising land for Singapore fintech startups, The Business Times has learnt...

Startup Synagie debuts on Catalist at S$0.275 a share

HOMEGROWN e-commerce startup Synagie Corporation debuted trading on the Catalist board on Wednesday, closing at a high of S$0.275.

Tech, e-commerce startup Synagie debuts on Catalist at S$0.265 a share

HOMEGROWN e-commerce startup Synagie Corporation debuted trading on the Catalist board on Wednesday, trading at a high of S$0.275 in the early morning.

Assets of two Vibrant Group units frozen following court order

MAINBOARD-LISTED logistics company Vibrant Group said on Wednesday that assets of two of its subsidiaries have been frozen following a pre-trial asset preservation court order.

CDL's Q2 profit surges 80% to S$204.8m on strong residential sales

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$204.8 million, up 80 per cent from S$114.1 million the year ago. <em>(<a href="#Amendment%20note">see amendment note</a>)</em>...

Singtel Q1 profit down 7% on weaker results from Airtel, Telkomsel

SINGTEL on Wednesday posted a nearly 7 per cent fall in its first quarter net profit to S$832 million, on weaker profits from Airtel and Telkomsel - its regional associates in India and Indonesia - and its reduced economic interest in Netlink NBN Trust.
MOBILE MODELS

EZ-Link, Mastercard, You Tech launch e-wallet

EZ-Link on Tuesday said it has taken a step into fintech with the launch of YouTrip, a mobile wallet that allows users to pay in over 150 currencies when abroad without any fees.

The Regalia up for en bloc sale at S$403m

THE Regalia, a freehold condo located at 2 River Valley Close, has been put up for public tender.

Digitise services to meet client's expectations

BUSINESS-to-business (B2B) customers are increasingly expecting a business-to-consumer (B2C) experience, said Lincoln Lincoln, vice-president for the Asia-Pacific and Japan at cloud commerce platform CloudBlue.

The Regalia in District 9 up for en bloc sale at S$403m

THE Regalia, a freehold condo located at 2 River Valley Close, has been put up for public tender.