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Temasek Holdings
Temasek to conduct roundtable on business ethics in wake of Keppel corruption scandal
SINGAPORE (Mar 5): Temasek Holdings chairman Lim Boon Heng has called for the second Temasek Roundtable for the chairs of major Temasek portfolio companies to align themselves and set expectations on how they should operate and conduct business – ethica
March 05, 2018
Easy loving from Temasek – spend more, get more
(Mar 2): DBS Group Holdings returned almost 84% of its profit last year to shareholders, the most since 2005.
March 02, 2018
Google confirms investment in Indonesia's Go-Jek
SINGAPORE (Jan 29): Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital payments in Southeast Asia.
January 29, 2018
Singapore reviewing anti-graft law amid mounting calls to make it tougher
SINGAPORE (Jan 23): Singapore's anti-corruption watchdog said it is reviewing the country's primary anti-graft law amid mounting pressure on the government to toughen the rules in the wake of revelations of criminal wrongdoing at companies in the
January 23, 2018
Google, Temasek coming in as new investors in Indonesia's Go-Jek
SINGAPORE (Jan 18): Alphabet Inc's Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing startup Go-Jek, sources familiar with the matter said.
January 18, 2018
M&A
Japan's MUFG seeking to buy $2.4 bil Bank Danamon stake: Reuters
TOKYO/SINGAPORE (Reuters): Mitsubishi UFJ Financial Group (MUFG) is in talks to buy a 40% stake in Bank Danamon Indonesia for around 200 billion yen ($2.4 billion), a person with direct knowledge of the talks told Reuters on Thursday.
December 26, 2017
NSI Ventures targets US$125 million second fund for consumer apps
(Dec 13): NSI Ventures, an early backer of Indonesian ride-hailing giant Go-Jek, is targeting a US$125 million ($169 million) second fund to continue investing in consumer apps as well as startups in health care, financial services and education.
December 13, 2017
Startups, Entrepreneurs, Digital economy
Temasek-backed Accuron MedTech leads $2.6 mil investment in start-up Advent Access
SINGAPORE (Dec 12): Medical technology start-up Advent Access has raised $2.6 million in a pre-Series A financing round led by Accuron MedTech, Southeast Asia’s largest medical device company.
December 12, 2017
Global Economy
E-commerce to fuel Southeast Asia's internet economy: Google-Temasek
SINGAPORE (Dec 12): Southeast Asia’s internet economy has experienced unprecedented growth over the past year to exceed Google-Temasek initial research projections, with there to be over 330 million active monthly internet users by end-2017 – a 70 mil
December 12, 2017
Temasek unit to consider investing with Health Management International
(Nov 30): After a 91% surge in its share price since 2016, Health Management International has gained an important new supporter – a unit of Singapore’s state investment firm.
November 30, 2017