News

Cityneon buys US animated figures design firm in S$50m deal

CITYNEON Holdings, which delisted from the Singapore Exchange (SGX) last February, has acquired US-based animated figures design firm Animax Designs in a deal worth about S$50 million, The...

Singapore's Golden Equator expands to Brunei

FINTECH, consultancy and fund management company Golden Equator Group on Monday announced its foray into Brunei, following the S$24.6 million strategic investment it received in April last year...

Discipline is the name of the game as startup valuations soar

A YEAR of shake-ups in the venture capital (VC) industry has spurred VC firms in South-east Asia to train a watchful eye on rapidly rising valuations.

No more 'burn, baby, burn': VCs expect more caution in 2020

THE South-east Asian startup party is far from over, but venture capital firms expect that the music may hit a note of caution, as investors emphasise business fundamentals over pure hype.

Wholesale, retail sectors cling to hope in 2020

SMALL- and medium-size enterprises (SMEs) in the wholesale and retail sectors may have been among the most affected by the US-China trade war and slowing global economy, but they still see bright...

Retail sales not all sparkling at Jewel Changi Airport despite the crowds

Jewel Changi Airport may often be crowded but this has not translated into strong sales for all tenants.

Singapore's digibank aspirants may find the going tough

The rush for a digital banking presence here has so far attracted 21 bids for five licences on offer, but those who get the licences may find the going rather tough.

Protect Singaporeans against pitfalls of digital banking

When so much commercial interest is generated for Singapore's digital bank licences, it simply means there is vast potential for profit involved - with commensurate risk for the end consumer (...

Wirecard chairman quits as accounting controversy lingers

SAN FRANCISCO • Wirecard chairman Wulf Matthias has resigned after months of controversy over the digital payments company's accounting practices involving its Singapore operations.

Move to raise private-hire firms' service, safety standards

Private-hire cars with deep dents, broken lights, mismatched tyres or which look like they have had a good few years on them are on the way out. But young drivers will remain, for now.

 

Emerging Enterprise award

Closes June 1, 2019