Startups

Singapore's startup ecosystem is braving its first crisis

SINGAPORE'S startup ecosystem is arguably no more than a decade old, with the country's efforts to nurture tech entrepreneurship commencing around 2010.

Food delivery players deny loss of appetite in Phase 2

MARKET watchers remain bullish on the prospects of food delivery in Singapore, even as some players reported a fall in orders or stalled growth since Phase 2 of Singapore's reopening kicked in and...

Gojek names new Vietnam GM; unifies regional branding

INDONESIAN ride-hailing player Gojek has appointed Duc Phung, the chief operating officer of its Vietnamese business, as the new general manager (GM) for the market, the company announced on Friday.

Vaniday relaunches as one-stop beauty, wellness platform with marketplace

VANIDAY is back in business in Singapore, this time as an all-in-one platform featuring a new online marketplace of beauty and wellness products, a new digital magazine as well as an improved loyalty...

Luckin probe ends ahead of meeting seeking chairman's ouster

[NEW YORK] Luckin Coffee said an internal investigation into fabricated transactions dating back to April 2019 is drawing to a close ahead of a special meeting that is expected to result in the...

ESG sets aside over S$55m for local agriculture, aquaculture firms

ENTERPRISE Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow...

Circles.Life makes foray into financial services with AXA Insurance tie-up

SINGAPORE-BASED Circles.Life has partnered AXA Insurance to offer insurance coverage to the digital telco's users.

Gojek cuts 9% of staff, shuts non-core verticals amid Covid-19 pressures

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, while shutting down non-core verticals.

Gojek cuts 9% of staff; shutters GoLife and physical F&B verticals

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, and shutting down non-core verticals as it faces financial pressure amid the...

Startups exemplify how to thrive, not just survive, amid Covid-19: Jungle's Amit Anand

WHEN Covid-19 infection rates began to spike in March, governments around the world swiftly imposed stringent travel and lockdown restrictions to flatten the infection-rate curve. But with the...