Daily Debrief: What Happened Today
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Early-stage startups pique investor interest amid funding slowdown
EARLY-STAGE startups have seen continued interest from investors even as their later-stage counterparts encounter tighter cheque books and financial scrutiny.
Sea’s Shopee leaves Spain, third market exit this year
SHOPEE, the e-commerce arm of New York-listed Sea, is pulling out of Spain less than a year after it launched in the country.
Singapore-based Crypto.com cutting 260 jobs as market meltdown worries swirl
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TWO big names in crypto are cutting jobs as the digital currency market continues to spiral downward. Crypto lending platform BlockFi said Monday (Jun 13) that it will reduce its headcount by about 20 per cent, while digital currency exchange Crypto.com announced a 5 per cent cut on Friday.
Collaboration, clarity, confidence vital in the transition to renewable energy: panellists
WHEN countries come together and clarity is provided on the renewable energy sector, costs can be distributed and shared - this breeds certainty and decreases the risk profile of the sector, garnering more confidence from the private sector to invest in the public sector, said Second Minister for Trade and Industry Tan See Leng.
Island site with 5 Club Street shophouses sold for S$25.9m
A STANDALONE island site comprising 5 shophouses on Club Street has been sold via an expression of interest (EOI) exercise for S$25.9 million to mainboard-listed food services and property development company ABR Holdings.
The STI today
Singapore stock market improves, but still down 0.97% after Wall Street in bear territory
ASIAN key markets improved on Tuesday (Jun 14) after a bloodletting the day before, although some indices including Singapore’s Straits Times Index (STI) have yet to post gains.
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