News

Pangolin fund says it's close to getting 10% of votes to block Challenger exit offer

A MINORITY shareholder in Challenger Technologies said on Wednesday it is close to obtaining votes from the 10 per cent of shares required to block Digileap Capital's S$183 million exit offer for...

Suspended stocks on SGX hit highest level in three years

SINCE last November, five more companies have made their way into the Singapore Exchange's most unloved list of stocks - that is, those suspended from trading for 12 months or longer.

Blockchain unchained: Tackling wash trading

CYBERSECURITY laws in the blockchain space are a big grey area for businesses such as crypto exchanges. 2018 gave us a record year of exchange hacks with losses running into billions of dollars -...

Economists trim Singapore's 2019 growth forecast to 2.1%

TRADE protectionism remains the top growth risk cited by private-sector economists, who have further trimmed their 2019 forecast for Singapore to 2.1 per cent, in the Monetary Authority of...

Invest in social foundations of economic prosperity, says SM Tharman

LONDON - Society needs a moving escalator where everyone is moving up, and policymakers must bear this in mind in the basic design of economic and social policies, Senior Minister Tharman...

Older workers also seek work-life balance in employment: Survey

More older workers expressing a desire for work-life balance compared to four years earlier, says a survey by Tafep and The Straits Times.

Funding and trading platform Funderbeam raises $6.1m in Series A round

SINGAPORE - Funderbeam, a global funding and trading platform for private companies, has raised US$4.5 million ($6.1 million) in a Series A round, led by UK-based Accelerated Digital Ventures.

Singapore retail sales continue slump in April

SINGAPORE retail sales were down 1.8 per cent year on year in April, deepening from March's 1 per cent fall and worse than economists' expectations of a 0.2 per cent decline, according to a...

Grab eyes Singapore banking licence as MAS studies virtual banks: sources

[SINGAPORE] Grab, South-east Asia's most valuable startup, is exploring a move into Singapore banking as regulators in the South-east Asian city-state consider allowing online-only banks, four...

No change to exit offer for Challenger in proposed delisting; EGM to be held on June 27

SINGAPORE - Home-grown IT retailer Challenger is not raising its exit offer of 56 cents apiece for a proposed voluntary delisting from the Singapore Exchange (SGX), despite pressure from minority...

 

Emerging Enterprise award

Closes June 1, 2019