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investment
Startups, Entrepreneurs, Digital economy
Fraxtor offers investors easier access to property development ventures
SINGAPORE (Sept 2): Those who have always wanted to get in on property development deals but lacked the capital to do it alone can now ride along with seasoned investors at a smaller quantum of $10,000 to $50,000.
August 30, 2019
Disruption and Digitalisation
Grab set for major investment in Vietnam
SINGAPORE (Aug 26): Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a US$2 billion ($2.8 billion) plan in Indonesia.
August 26, 2019
Company in the news
OCBC invests RM60 mil in YYC Group
(Aug 8): Singapore-based OCBC, via OCBC Bank (Malaysia) and Lion-OCBC Capital Asia Fund I (LOCAF I), has invested about RM60 million ($19.7 million) in YYC Holdings Sdn Bhd (YYC Group), a homegrown advisory firm.
August 08, 2019
Hot Stock
Trendlines gets $10.9 mil investment; shares open 28% higher
SINGAPORE (July 23): Shares in The Trendlines Group opened 28.2% higher at 10 cents on Tuesday from its 7.8 cents close on Monday, hitting a intraday high of 10.2 cents minutes later.
July 23, 2019
Disruption and Digitalisation
Visa to invest, collaborate with Gojek on enhancing digital payments across Southeast Asia
SINGAPORE (July 17): Visa has invested in Gojek, the mobile on-demand service and payments platform, as part of the latter’s ongoing Series F fundraising round.
July 17, 2019
Company in the news
Go-Jek snags investment from Thailand's largest lender
(July 11): Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.
July 11, 2019
Startups, Entrepreneurs, Digital economy
Grab receives additional US$300 mil investment from Invesco
SINGAPORE (June 27): Local ride hailing and financial e-services platform Grab has received an additional investment of US$300 million ($406.3 million) from existing investor Invesco.
June 27, 2019
Inequality
Philanthropy is not enough to sustain Asia's growth
SINGAPORE (June 21): Amid escalating geopolitical tensions and uncertainty over global growth, there is one region presenting hope and opportunity: Asia. The International Monetary Fund expects it to grow 5.6% this year, accounting for two-thirds of globa
June 21, 2019
Management & Corporate Governance
YuuZoo sells 2.9% stake in video streaming unit for US$3 mil
SINGAPORE (June 19): YuuZoo Corporation says it has sold a 2.91% stake in its video streaming subsidiary, YuuFlix, for $3 million ($4.1 million) to an unnamed foreign investor which has been fully paid.
June 19, 2019
Disruption and Digitalisation
South Korean firm Yanolja that reinvented love hotels gets GIC, Booking funding
(June 11): Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than US$1 billion ($1.4 billion) from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chie
June 11, 2019