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SINGAPORE (Jan 4): In the opinion of RHB analyst Juliana Cai, consumer discretionary spending in Singapore is likely to continue being weighed down by persistent concerns over job security and stagnant wages – bringing consumer staples to the forefront
December (Dec 12): Honda Motor Co., the world’s largest motorcycle maker, has become a strategic investor in Grab as part of a partnership to expand the startup’s bike-hailing operations in Southeast Asia.
SINGAPORE (Dec 6): Grab is going head-to-head with Uber’s new car-pooling service by launching its own version, raising the stakes in the battle between rival ride-hailing apps.
SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round.
SINGAPORE (Nov 2): It was on a late July flight home to Singapore when Anthony Tan grasped the potential calamity in news that his biggest ally, Didi Chuxing, was about to buy out arch-rival Uber’s Chinese business.
SINGAPORE (Oct 4): OCBC Investment Research is keeping its “buy” recommendation on ComfortDelGro but cutting its fair value estimate to $3.10 from $3.21 previously, amid the rapid expansion of private hire car service providers.
SINGAPORE (Sept 27): NuTonomy Inc., a self-driving car startup backed by Ford Motor Co. Chairman Bill Ford and Singapore’s government, is in discussions with potential investors for a new round of funding as it works toward a full commercial launch in 2
SINGAPORE (Sept 23): Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted its self-driving vehicles in the United States.