News

Too premature to talk about another Hyflux rescue bid, court told

Debt-ridden water-treatment company Hyflux told the High Court yesterday it was too premature to talk about another rescue plan, and it had not yet decided whether to ask for an extension of a...

Grab's new funding aimed at innovative products, not fending off rivals: Singapore head

Ride-hailing giant Grab's announcement this week that it intends to raise another US$2 billion (S$2.7 billion) from private investors this year is not aimed at fending off competition, said the...

Beauty and lifestyle portal Clozette secures US$10m from Cool Japan Fund

SINGAPORE - Singapore-based beauty and lifestyle media firm Clozette has raised US$10 million (S$13.5 million) in Series C funding from Cool Japan Fund, a public-private fund under Japan's...

Hyflux says not decided on whether to apply for extended debt moratorium

HYFLUX will restart talks with its creditors to explore outcomes other than liquidation, but has not decided yet on whether it will seek an extended debt moratorium from the Singapore High Court...

AirTrunk raises S$450m to build Singapore data centre

DATA centre startup AirTrunk has raised S$450 million in debt and equity to help build its first Singapore facility as part of a multi-billion dollar plan to become a regional technology...

Very few Hyflux investors used CPF to buy shares

Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company.

Wonton noodle specialist Master Tang dies, aged 87

Mr Tang Siu Nam, better known as wonton noodle specialist Master Tang, dies at the age of 87.

SMEs in ship agency and harbour craft sectors can seek grants from $3.7 million fund to digitalise

SINGAPORE - Firms in the ship agency and harbour craft sectors in the maritime industry can now tap into a $3.7 million fund for digital solutions.

ShopBack secures US$45m in funding round co-led by Rakuten

SINGAPORE - Homegrown cashback platform ShopBack has raised US$45 million (S$60.9 million) in its latest funding round, with new investors including co-leads Rakuten Capital and EV Growth, as well...

My SME Story Ep 6: Seng Hua Hng Foodstuff

In this week's final episode of My SME Story, we feature Seng Hua Hng Foodstuff, the homegrown SME is better known as the manufacturer of popular nuts brand Camel Nuts.

 

Emerging Enterprise award

Closes June 1, 2018