Markets & Investing
Daily Briefing: SingPost fined $100,000 for service standards failure; AI music startup Musiio clinches $1.36m seed fund
And here's what's new with Oakwood's revamped booking system.
Daily Briefing: SingPost fined $100,000 for service standards failure; AI music startup Musiio clinches $1.36m seed fund
And here's what's new with Oakwood's revamped booking system.
Chinese tech cities accounted for 36% of global VC investments in 2018: report
This translates to $74.8b of the $207.8b investment volumes.
Share buybacks crashed 51.11% to $26.4m in January
OCBC led the buying spree with $13.89m shares bought back.
China's outbound M&A likely to slide further in 2019
Regulatory scrutiny from US and Europe and tight funding conditions are to blame.
Hyflux creditors urged to file proof of claims by 15 February
Their proofs will be necessary for the basis to vote on scheme proposals and to get their payments.
Singapore's IPO market crashed 84% to $730m in 2018
This is significantly smaller compared to 2017’s $4.7b across 120 IPOs.
Daily Briefing: Lakeside Apartments' revived $205m en bloc price down 14.6%; Government to revamp Orchard Road as a lifestyle destination
And Temasek-owned Accuron Technologies spins out medtech business.
SGX mulls tougher auditing rules to intensify oversight
They propose to require a second auditor apart from the existing statutory for certain circumstances.
Keppel arm to sell 70% stake in Vietnam for $136m
The funds will be used to pursue other opportunities in Vietnam.
Daily Briefing: Hyflux assures investors of its commitment to ‘fair' restructuring plan; GBCI kicks off $135.25m smart city development fund
And newly-opened incubator Design Orchard features emerging local brands.
Chart of the Day: Foreign players injected $8.11b into Singapore real estate in 2018
Gaw Capital, ARA-Chelsfield and Allianz Real Estate entered the market last year.
MAS blocks securities token offering over regulatory breach
The issuer intended to rely on an SFA exemption to offer securities without registering a prospectus with MAS.
Singapore's fund managers flag trade tensions and US tightening as key concerns
Fund managers are embracing multiasset strategies in response to dismal conditions.
Singapore startups hauled US$7.5b in funding in 2018
The automotive segment drove away with $1.3b in funding.
Singapore auto platform Motorist.sg nabs seed funding from angel investors
JobsCentral’s co-founders Der Shing Lim and Shao-Ning Huang and live chat software Zopim’s co-founder Royson Tan pitched in.
Daily Briefing: Ofo faces suspension after breaching multiple regulatory requirements; Sunseap buys minority stake in Australian solar construction firm Todae Solar
And Tampines Avenue 10 executive condominium site receives seven healthy bids from developers.
SGX adopts SWIFT's CSD community offering to bring messaging costs down
SWIFT claims that costs can be cut by up to 50%.
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