News

SingPost's bankrupt US units sell assets

MAIL and logistics firm Singapore Post (SingPost) on Friday announced its two beleaguered US e-commerce subsidiaries, Jagged Peak and TradeGlobal, have sold substantially all of their assets.

Christmas comes early for markets as key risks get taken out on Friday the 13th

TOKYO (BLOOMBERG) - It started last Friday, with a blowout US jobs report that beat all expectations. Then in quick succession late Thursday investors got news that the guns will be holstered in...

Medtech firm AWAK Tech raises US$40m in round co-led by Vickers Venture

RENAL company AWAK Technologies has raised US$40 million in an oversubscribed financing round co-led by Vickers Venture Partners and an unnamed global medical products company.

China to buy US$50 billion in US farm products in return for tariff concessions: US sources

President Donald Trump signed off on a so-called phase-one trade deal with China, averting the Dec 15 introduction of a new wave of US tariffs on about US$160 billion (S$216 billion) of consumer...

Interview - Eugene Wong, Founder and MD, Sirius Venture Capital

IN THE NOT-TOO-DISTANT future, Eugene Wong envisions Singaporeans eating nasi lemak with crispy deep-fried grasshoppers instead of ikan bilis.

Razer mulls digibank retail licence but notes tight Dec 31 deadline

RAZER is still mulling over applying for a Singapore digital banking licence but if it proceeds to meet the Dec 31 deadline, the gaming lifestyle brand will be gunning for one of two retail...

Retail sales fall again for ninth month in October

Takings at the till slid for the ninth straight month in October, but it may not be all doom and gloom for the rest of the year, experts said.

SingSaver licensed to offer over 100 policies from 12 insurers

Financial comparison platform SingSaver has secured a brokerage licence from the Monetary Authority of Singapore to offer more than 100 insurance policies from 12 providers.

The rise of the Asian 'super app'

Rice Basket Queen is the name of a stall run by Ms Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago, it was typical of thousands of others. Ms Ruri would place her fish and vegetable...

Banks could save more than US$70b using new tech by 2025

[NEW YORK] North American banks could save more than US$70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc.

SBF, V3 Group's fintech unit set up digital academy for SMEs

THE Singapore Business Federation (SBF) and V3 Fintech, the fintech arm of lifestyle products group V3, have set up a digital academy to help small and medium enterprises (SMEs) train their...

 

Emerging Enterprise award

Closes June 1, 2019