Money

Non-resident deposits in Singapore jump 44% to record S$62b in April

SINGAPORE saw a record jump in deposits in April as investors rushed to park funds here given its status as a safe haven amidst global market volatility, said analysts.

XA Network partners Vertex, invests in fund

XA NETWORK, an angel investment circle made up of executives from global tech firms, has struck up a strategic partnership with Vertex Ventures and invested in Vertex's fourth South-east Asia and...

Startup-builder Antler expands to India

GLOBAL startup-builder Antler is expanding to India. The expansion will start in Bangalore and be led by Rajiv Srivatsa, who is joining as a partner.

XA Network partners Vertex, invests in fund

XA Network, an angel investment circle made up of executives from global tech firms, has struck up a strategic partnership with Vertex Ventures and invested in Vertex's fourth South-east Asia and...

Consumer loans dive in April as circuit breaker kicks in

CONSUMER loans in Singapore continued to dive in April, with credit card loans clocking their steepest fall on record as the Republic's circuit breaker took effect on April 7, keeping people at...

Vanda Global partners Drew & Napier to help firms in fund-raising, exits

VENTURE capital fund manager Vanda Global Capital has inked a memorandum of understanding with law firm Drew & Napier to assist Vanda-supported companies, including startups, in capital-raising,...

Credit card loans clocked sharpest fall on record in April amid Singapore's 'circuit breaker'

CONSUMER loans in Singapore continued to dive in April, with credit card loans clocking their steepest fall as the Republic's "circuit breaker" took effect on April 7, keeping people at home and...

S$285m support for startups: Will vetting be stringent enough?

THE government's additional S$285 million startup support measure announced on Tuesday has its merits, but extra care must be taken to make sure that only the most deserving startups get funded...

B Capital urges its startups to seek M&A opportunities

GLOBAL venture capital (VC) firm B Capital, co-founded by Facebook billionaire Eduardo Saverin, is working with its Asian portfolio companies with ample cash to suss out merger and acquisition (M...

VCs in South-east Asia lie in wait, even as valuations soften

STARTUP valuations in South-east Asia are beginning to soften as the industry comes to terms with the economic impact of Covid-19, venture capital (VC) investors told The Business Times. But VCs...

Asean-focused VCs face fund-raising challenges: report

VENTURE capital (VC) firms focused on South-east Asia have raised US$1.33 billion in capital commitments in the first quarter of 2020, more than triple from the same period a year ago, according...