Daily Briefing: Singapore sees cycling boom amidst pandemic; Scoot modifies A320 aircraft

25 Aug 2020 - Singapore Business Review
And Reapra launches a virtual hackathon for female founders. From ChannelNewsAsia: Cycling has become more popular in Singapore amidst the pandemic, with sales of personal bicycles going up and bike-sharing companies reporting an increase in ridership. Bike-sharing operator Anywheel said its ridership ...
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Daily Briefing: About 330 got jobs with start-ups under SGUnited package; See-Mode raises $9.7m series A round led by MassMutual Ventures

21 Aug 2020 - Singapore Business Review
And TADA unveils new wet market delivery service. From ChannelNewsAsia: About 330 job seekers have taken up jobs with start-ups under the SGUnited Jobs and Skills Package between April and June, the Ministry of Manpower (MOM) said in its second report on the local jobs market. About half were mid-career ...
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Daily Briefing: SIA Group passenger carriage drops 98.6% in July; Over 140 employees from SPH to be affected by retrenchment exercise

19 Aug 2020 - Singapore Business Review
And Zoom opens a new data center in Singapore. From ChannelNewsAsia: The Singapore Airlines (SIA) Group’s three carriers continue to see sharp declines in passenger traffic for July. SIA Group said this was down to severely curtailed demand for air travel, with border controls and travel restrictions ...
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Nearly two-thirds of workers expect better post-COVID workplaces

19 Aug 2020 - Singapore Business Review
This is a result of 57% of employees ranking their employers’ efforts “above average”. About 65% of Singaporean employees are anticipating that their work environment will change for the better after COVID-19 due to the changes being implemented in response to the pandemic, according to a Qualtrics study. ...
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Daily Briefing: Start-up QIQ aims to roll out shared electric microcars; Incomlend raises $27.47m series A led by Sequoia

12 Aug 2020 - Singapore Business Review
And over 6,000 of SIA Group's staff have taken no-pay leave since March. From ChannelNewsAsia: Singapore firm QIQ Global plans to launch microcars for hire last-mile journeys between commuters’ home and the MRT station, according to an announcement. The concept is similar to the shared electric vehicles ...
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AXA mulls sale of Singapore unit

11 Aug 2020 - Singapore Business Review
The sale process could begin as early as the next few weeks, according to sources. French insurer AXA is looking into selling its Singapore business in order to raise funds divesting peripheral operations, reports Bloomberg. The insurer is working with an adviser on the potential sale, with a sale process ...
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SBF advises firms to retrench staff only as a last resort

10 Aug 2020 - Singapore Business Review
They are also reminded to tap on to government programmes and assistance schemes. The Singapore Business Federation (SBF) has issued an advisory to all its member companies on responsible retrenchment practices, stating that retrenchment should always be the last resort, a press release revealed. “Companies ...
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Daily Briefing: Travelling Singaporeans, PRs can tap subsidies; PPRO raises $68.45m

7 Aug 2020 - Singapore Business Review
And ride-hailing firm TADA raises US$5M led by Central. From ChannelNewsAsia: All Singaporeans, permanent residents and long-term pass holders who travel abroad under permitted travel arrangements with certain countries will be able to tap regular healthcare financing for their medical bills should they ...
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Governance index leaps to new high, but still room for improvement

5 Aug 2020 - The Business Times
Singapore THE Singapore Governance and Transparency Index (SGTI) 2020 surged to a record high, but two crucial components - accountability and audit as well as disclosure and transparency - have been falling and warrant concern, as industry players see an even greater need for governance to survive the ...
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Grab snags $275.13m from South Korean private equity firm

3 Aug 2020 - Singapore Business Review
Stic Investments will invest about $137.57m (US$100m) from one of its funds. Grab is raising $275.13m (US$200m) from South Korean private equity firm Stic Investments, according to people familiar with the matter. Seoul-based Stic Investments is looking to increase its exposure to the region and will ...
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