Money

Singapore bank lending dips further in October

SINGAPORE's bank lending fell for the eighth straight session in October, dragged down by a continued slump in business loans.

New venture firm The-Wolfpack on the hunt for Asia-Pacific consumer startups

FORMER top executives at GroupM and IMG on Wednesday launched a venture firm targeting early-stage consumer startups in the Asia-Pacific.

Singapore startup founders need time to turn US$1.8b equity to real gains

THE recent listing of Singapore's Nanofilm turned the founder, a former academic, and his wife into billionaires overnight - they may not be the last, going by numbers compiled by The Business...

Singapore September bank lending falls further on prolonged weakness in business loans

SINGAPORE's bank lending in September dipped for the seventh straight session, as continued weakness in business loans more than offset the rise in consumer loans.

Bank lending in Sept down for seventh straight session: MAS data

SINGAPORE's bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore showed on Friday.

NUHS, ARIA to launch S$50m fund for medtech startups

AN INNOVATION centre under the National University Health System (NUHS) on Thursday inked a memorandum of understanding (MOU) with Asia Research & Innovation Alliance Limited (ARIA), a non-...

Rotimatic gets new breadwinner

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray Holdings, a special-purpose vehicle incorporated in the...

Rotimatic-maker flips ownership in trade sale

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray Holdings.

EVOS Esports parent snags US$12m in Series B round led by Korea Investment Partners

ATTENTION Holdings (ATTN), the parent company of Indonesia-based professional e-sports organisation EVOS Esports, has raised US$12 million in a Series B investment round led by Korea Investment...

Liquidity drying up for VC firms as investments age

THE pressure is mounting on venture capital (VC) funds to show real cash returns to investors, but as exits are delayed and market conditions remain rocky, some early VC funds might be burdened...

Asian edtech startups seize Covid-19 growth window

EDUCATION technology, or edtech, is having its moment in the spotlight. As the pandemic has made the value of remote-learning tools clearer than ever, edtech startups are seizing the moment to...