Industry body unveils fintech accelerator and mentorship programme for asset managers

SINGAPORE - The Investment Management Association of Singapore (IMAS) has launched a fintech accelerator and mentorship programme for asset managers.

Hyflux chief 'deeply saddened' by investors' pain

Hyflux chief executive Olivia Lum is "deeply saddened" over the "pain and loss" suffered by those who invested in or lent money to the now-insolvent company.

Ryde secures new round of funding, names new chairman

SINGAPORE - Local transportation start-up Ryde has secured an undisclosed sum of investment from investment firm Nomad X and appointed the firm's director as its chairman.

Best World investing in A*star biomedical spin-off Celligenics

SINGAPORE - Best World International is investing in A*Star spin-off Celligenics through a share subscription that will see it taking up at least a 12.5 per cent stake in the biomedical start-up...

Equinix investing $116m to build fourth data centre in Singapore

Nasdaq-listed Equinix plans to build a fourth data centre in Singapore at an initial cost of US$85.3 million (S$116 million).

Tokyo Century boosts total investment in Grab to $238m

Japanese financial services company Tokyo Century has made an additional undisclosed investment in Grab, as well as a capital injection in its car rental arm Grab Rentals, taking its cumulative...

Singapore capitalising on growing fintech remittance industry

New high-tech players with their low fees and virtually instant mobile transactions are shaping up as one of the most disruptive forces in the financial industry.

Aquaculture tech start-up Umitron snags US$2m funding for Peru project

SINGAPORE - Aquaculture tech start-up Umitron, together with its Peru partner Abaco and its subsidiary Piscis, has been approved for a US$2 million (S$2.74 million) project funding to improve...

SoftBank investing another $4.2b in WeWork

NEW YORK • Co-working office company WeWork has expanded rapidly over its eight-year lifespan, due in part to huge investments from Japan's SoftBank.

SoftBank invests another US$3b in co-working giant WeWork

NEW YORK (NYTIMES) - WeWork, the co-working office company, has expanded rapidly over its eight-year life span, thanks in part to huge investments from SoftBank of Japan. On Tuesday (Nov 13), it...