FeaturedFintechSingapore-based SME lending firm Validus secures $14 mn fundingPritam BordoloiMay 12, 2020 by Pritam BordoloiMay 12, 2020 Validus will use the funds to invest in technology and build a stronghold in its existing markets... Read more
AviationFeaturedSingapore’s Temasek eyes stake in troubled Virgin AtlanticPritam BordoloiMay 11, 2020May 11, 2020 by Pritam BordoloiMay 11, 2020May 11, 2020 Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group... Read more
BankingFeaturedUOB approves loans worth $4 bn for impacted businesses in SingaporeInternational Finance Business DeskMay 5, 2020May 5, 2020 by International Finance Business DeskMay 5, 2020May 5, 2020 These loans come under Enterprise Singapore's Temporary Bridging Loan Programme... Read more
FeaturedTelecomSingtel, StarHub-M1 joint venture win 5G licence bid in SingaporeInternational Finance Business DeskApril 30, 2020April 30, 2020 by International Finance Business DeskApril 30, 2020April 30, 2020 100Mhz of the 3.5Ghz radio frequency spectrum will be allocated to Singtel and StarHub-M1 joint venture respectively to deploy 5G networks nationwide... Read more
FeaturedSector InsightSingapore building sector to shrink by 10.3% in 2020: FitchInternational Finance Business DeskApril 30, 2020April 30, 2020 by International Finance Business DeskApril 30, 2020April 30, 2020 The sector's current figure is lower compared to the previous forecast of 3.2% contraction... Read more
FeaturedLogisticsSingapore-based logistics startup Moovas raises $7 mn fundingPritam BordoloiApril 27, 2020 by Pritam BordoloiApril 27, 2020 The company plans to expand in China, India, and Spain... Read more
FeaturedInsuranceSingapore’s Insurtech Axinan raises funding, rebrands as IglooInternational Finance Business DeskApril 24, 2020April 24, 2020 by International Finance Business DeskApril 24, 2020April 24, 2020 InVent, Openspace Ventures, Linear Capital, Singtel Innov8, Cathay Innovation, and Partech Partners participated in the funding round... Read more
FeaturedOil & GasSinopec to acquire stake in Hin Leong’s partially owned oil storage terminalInternational Finance Business DeskApril 23, 2020 by International Finance Business DeskApril 23, 2020 In 2016, a stake sale in the terminal valued it entirely at more than US$1.5 bn... Read more
FeaturedTechnologyBlockchain Association of Singapore launched to build digital economyInternational Finance Business DeskApril 16, 2020April 16, 2020 by International Finance Business DeskApril 16, 2020April 16, 2020 It is a a merger between Singapore Blockchain Association and the Blockchain, Enterprise and Scalable Technologies... Read more
Banking and FinanceFeaturedSingapore announces $88 mn package to support financial sectorInternational Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The aid is in addition to the $4.02 bn set aside in budget 2020 to help the sector fight against Covid-19... Read more