Money

Broad weakness seen in business loans in Sept as MAS data shows 0.2% dip

LENDING to several business segments slipped, or remained, in negative territory in September from a month ago, contracting overall bank lending for the month.

KKR pumps S$200m into S-E Asia's top property app

PROPERTYGURU Pte has pulled in S$200 million from KKR & Co, raising funds for the first time in three years as South-east Asia's largest real estate portal prepares to delve into new business...

Singapore most active in PE, VC activity in region in Q2: EY report

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia during the second quarter of 2018 remained robust, with about US$1.3 billion pumped into 36 deals.

Is blockchain the new Internet for finance?

REMEMBER a time when there was no such thing as the Internet? Don't blame yourself if you can't. Such has been the speed and pervasiveness with which the worldwide web has become available to...

P&G pumps another US$30m into its Singapore digital innovation centre

PROCTER & Gamble (P&G) is investing an additional US$30 million in its digital innovation centre in Singapore, one year after pumping in an initial US$100 million.

Grab ups super app stakes with Mastercard move

GRAB'S partnership with Mastercard marks a milestone in South-east Asia's cashless revolution - and the latest step in Grab's vision to become the region's leading fintech player and super app,...

NTU partners HP to launch S$84m research laboratory

A CORPORATE research laboratory set up in partnership with tech giant HP was officially opened at the Nanyang Technological University on Tuesday.

e-scooter sharing service bags US$6.4m in seed funding

SINGAPORE-based transportation startup Beam has snagged US$6.4 million in seed funding to launch a shared mobility platform in Singapore and Asia, starting with e-scooters.

Pharma manufacturing in Singapore gets S$34m boost

A CONSORTIUM agreement valued at S$34 million was inked on Tuesday to drive the transformation of the local pharmaceutical manufacturing industry and to help it gear up for the future economy.

NUS commits up to S$2.5 million in seed-funding scholarship for enterprising undergraduates

THE National University of Singapore (NUS) has pledged to commit up to S$2.5 million in a new bond-free scholarship that will serve as seed funding for enterprising freshmen.