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SEEDS Capital appoints six partners to invest $50m in maritime startups

29 Jun 2020 - Singapore Business Review
More than 50 Singapore-based startups are expected to benefit. Investment arm of Enterprise Singapore (ESG), SEEDS Capital has appointed six co-investment partners to catalyse a combined $50m of investments into maritime technology startups, according to an announcement. The six partners are Innoport, ...
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Malaysia to create 'green lanes' for less restricted travel with Singapore and Brunei

26 Jun 2020 - The Edge Markets
(June 26): Malaysia is in talks with Singapore and Brunei to create “green lanes” for less restricted travel, as governments around the world seek to reopen their borders without a resurgence in coronavirus cases. The country is discussing guidelines with its two neighbours and has approached Australia ...
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Hong Kong's Weave Co-Living to invest $500 mil in Singapore via JV

24 Jun 2020 - The Edge Markets
SINGAPORE (June 24): Hong Kong-based Weave Co-Living, a lifestyle-focused rental accommodation provider, is making its debut in Singapore with a planned investment of $500 million. It has found a partner in Singapore-based fund management firm 32RE. Weave will hold an 80% stake in the joint venture, ...

HSBC and other banks unlikely to recoup Hin Leong loss

25 Jun 2020 - The Edge Markets
(June 25): The prospects for HSBC Holdings Plc and other banks to recover losses from a failed Singapore oil trader are dimmer than originally thought after an accounting review found the energy firm overstated assets by US$3 billion (S$4.17 billion) and fabricated documents on a “massive scale.” Hin ...
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Singtel, Starhub-M1,TPG get go-ahead to operate 5G

25 Jun 2020 - Singapore Business Review
The three firms have appointed tech partners for various 5G developments and trials. Singtel, Starhub-M1 and TPG have been given a go-ahead from the Infocomm Media Development Authority (IMDA), separate press releases revealed. Singtel and Starhub-M1 can now operate 5G networks nationwide, whilst TPG ...
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SLB Development associate company announces $150 mil equity joint venture with Weave

24 Jun 2020 - The Edge Markets
SINGAPORE (June 24): Hong Kong-based Weave Co-Living, a lifestyle-focused rental accommodation provider, is making its debut in Singapore with a planned investment of $500 million. It has found a partner in Singapore-based fund management firm 32RE. Weave will hold an 80% stake in the joint venture, ...

Singapore launches 12 sites for H2 GLS programme

24 Jun 2020 - Singapore Business Review
These can yield up to 6,670 private residential units and 101,500 sqm of commercial space. The government has released its Government Land Sales (GLS) Programme for H2, comprising three confirmed list sites and nine reserve list sites, according to an announcement from the Ministry of National Development ...
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MIT secures $410m from oversubscribed private placement

24 Jun 2020 - Singapore Business Review
It was approximately 8.2 times covered at the top end of the issue price range. Mapletree Industrial Trust (MIT) has announced that its private placement was oversubscribed, raising $410m at $2.8 apiece, an SGX filing revealed. Also read: MIT to raise $350m through private placement Its joint bookrunners ...
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Mapletree Industrial Trust's private placement over-subscribed, to raise total of $410 mil

24 Jun 2020 - The Edge Markets
SINGAPORE (June 24): The manager of Mapletree Industrial Trust (MINT) says that its proposed private placement on Tuesday (June 23) was over-subscribed. See: Mapletree Industrial Trust launches private placement to raise $350 mil to fund acquisition of data centres It has closed the books of orders for ...
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90% of Singapore high net worth individuals rely on insurance to for wealth and legacy planning, according to AIA and EY

24 Jun 2020 - The Edge Markets
SINGAPORE (June 24): AIA Singapore and EY have launched a report that provides insight into how high net worth individuals (HWNIs) view and adopt insurance policies, as well as how insurance policies can help them with their overall wealth management on Wednesday. The report conducted customer research ...
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