Daily Briefing: COE prices close higher since suspension; Openspace Ventures raised $125.17m in first close of third SE Asia fund

9 Jul 2020 - Singapore Business Review
And scientists seek power in shadow energy. From ChannelNews Asia: Certificate of Entitlement (COE) premiums closed higher across the board in the first bidding exercise since tenders were suspended because of COVID-19 restrictions. A total of 9,635 bids were received, with a quota of 4,382 COEs available. ...
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Novo Holdings brings life sciences investment platform to Singapore

8 Jul 2020 - Singapore Business Review
Amit Kakar appointed to be Head of Asia. Life science investor Novo Holdings expands its geographical investment scope as it opens its first Asia office in Singapore, complementing its already extensive investment activities in Europe and the United States. In addition, Novo Holdings has appointed Dr. ...
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Daily Briefing: Digital community hubs to be launched by end August; Sequoia raises $1.81b for two new funds

8 Jul 2020 - Singapore Business Review
And fintech firm FOMO pay acquired by Hong Kong’s AMTD. From ChannelNews Asia: Anyone facing difficulties with their digital devices will soon be able to get help from new SG Digital community hubs that will be set up across Singapore. Located in community centres and public libraries, the 46 one-stop ...
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Daily Briefing: Singapore's hotel industry can't rely on staycations; Indies raises $139m for third Asian fund

7 Jul 2020 - Singapore Business Review
And overseas students affected by the pandemic have options in local universities. From Bloomberg: Singapore needs to count on ‘staycationers’ to plug the gap in an industry that brought in almost $27.81b (US$20b) in revenue last year with borders closed to foreigners, hotels and tourist attractions. ...
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Pine Labs considers bid for Wirecard’s businesses in Southeast Asia

3 Jul 2020 - The Edge Markets
(July 3): Pine Labs, the Indian payments company backed by Sequoia Capital and Mastercard Inc., is considering a bid for fallen fintech star Wirecard AG’s businesses in Southeast Asia and India, according to people familiar with the matter. A potential bid is still at an exploratory stage, as there’s ...
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NYSE-listed BEST Inc offers delivery services in Singapore as part of Southeast Asia expansion

3 Jul 2020 - The Edge Markets
SINGAPORE (July 3): New York Stock Exchange-listed BEST Inc is set to offer its parcel delivery services in Singapore, Malaysia and Cambodia, as part of its expansion into Southeast Asia. This follows its entry into Thailand and Vietnam last year, the China-based integrated smart supply chain solutions ...
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Meet Southeast Asia's game changers at SBR's Asian Business Case Studies Awards

2 Jul 2020 - Singapore Business Review
Use cases saw a telco working on Singapore’s Night Festival as well as Thailand’s leading procurement specialist. This year’s awards did not fail to deliver a fresh new batch of solutions that should certainly be on every company’s wishlist as enterprises re-evaluate and forge partner ecosystems to grapple ...
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Daily Briefing: Temasek-led group invests $348.57m on BioNTech vaccine; Botsync clinches undisclosed seed round

1 Jul 2020 - Singapore Business Review
And standardised packaging required on all tobacco products from 1 July. From ChannelNews Asia: Singapore's Temasek and other investors are injecting $348.57m (US$250m) into German biotech firm BioNTech through a private placement, according to an announcement. This reflects heightened investor appetite ...
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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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