Blockchain-based ride-hailing service TADA secures a total of some $14.2 mil in Series A funding

22 May 2020 - The Edge Markets
SINGAPORE (May 22): TADA, Southeast Asia’s first blockchain-based zero-commission ride-hailing service has completed its Series A extension round for an undisclosed sum on Thursday. The funding was raised by MVLLABS (MVL), the Singapore-based start-up company behind TADA. This brings the total of MVL’s ...
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Daily Briefing: ComfortDelGro trials plastic shields in 400 taxis; Solubots unveils self-cleansing disinfecting robots

21 May 2020 - Singapore Business Review
And Sirius Ventures leads funding in ShuttleOne. From Channel News Asia: ComfortDelGro will install plastic shields in 400 taxis in a trial that aims to minimise contact between cabbies and passengers, according to an announcement. Dubbed the V-shield, it covers the driver's cabin entirely and is locally ...
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SIA's passenger load factor hit 9.1% in April

18 May 2020 - Singapore Business Review
Its main airline’s skeletal network only includes routes to 14 metro cities. SIA Group saw its passenger load factor (PLF) fall to 9.1% in April, whilst passenger carriage plummeted 99.6% YoY, an announcement revealed. As a result, overall passenger capacity was slashed by 96.3% over the same period. ...
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Singapore to be among the last in the region to return to pre-virus GDP levels: Morgan Stanley

12 May 2020 - The Edge Markets
SINGAPORE (May 12): Although the Singapore government has begun easing some restrictions, Morgan Stanley cautions that the Republic could be among the last to recover to pre-Covid-19 GDP levels. While China will arguably lead the pack with a recovery by 3Q2020, economist Deyi Tan says export-oriented ...
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UOB's net profit down 19% to $855m in Q1

6 May 2020 - Singapore Business Review
Total impairment charges skyrocketed 96% to $286m. UOB has recorded a 19% drop YoY in net profit to $855m in Q1 as total impairment charges rose to $286m on top of a challenging macroeconomic environment. Operating profits dipped 1% YoY to $1.32b in Q1 from $1.33b during the same period last year. On ...
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Logistics company Ninja Van bags $394.73m in series D round

5 May 2020 - Singapore Business Review
B Capital Group, Monk's Hill Ventures and Grab participated in the round. Logistics firm Ninja Van has concluded a $394.73m (US$279m) series D funding round led by its existing investor GeoPost alongside two sovereign wealth funds, an announcement revealed. B Capital Group and Monk's Hill Ventures also ...
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Daily Briefing: Zero or single-digit cases needed to lift ‘circuit breaker'; hospitality association co-launches hotel benchmarking tools

5 May 2020 - Singapore Business Review
And financial comparison startup GoBear buys Philippines-based AsiaKredit. From Channel News Asia: For Singapore to lift COVID-19 "circuit breaker" measures, the number of community cases daily should fall to zero or single digits over a sustained period of time, said health minister Gan Kim Yong in ...
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Travel Startup ZuBlu Secures $1 Million Seed Funding

4 May 2020 - ACN Newswire
ZuBlu, a travel platform focusing on scuba diving and underwater adventure travel has successfully secured USD 1 million during its seed funding round. The round was led by Wavemaker Partners, Southeast Asia's leading early-stage venture capital firm investing in enterprise and deep tech companies. Other ...
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Daily Briefing: Razer's mask production line starts operations; Insurtech Axinan clinches Series A+ funding

27 Apr 2020 - Singapore Business Review
And fund management firm Sistema Asia ties up with Russia’s state fund. From CNA: Gaming company Razer announced that its fully automated mask manufacturing line was now operational and has begun production. Around 5 million masks a month can be produced and the manufacturing capacity "can be scaled ...
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Sensorflow bags $11.83m in series A+ funding

23 Apr 2020 - Singapore Business Review
Funds will be used in developing solutions for HVAC systems. Proptech startup SensorFlow has raised $11.83m in a series A+ round, led by Openspace Ventures and Gaw Capital Partners, according to an announcement. The funding will be used to develop the company’s smart building management solution for ...
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