Southeast Asia's IPO activity surges in 1Q despite Covid-19 standstill

30 Mar 2020 - The Edge Markets
SINGAPORE (Mar 30): Initial public offering (IPO) activity surged across Southeast Asia in 1Q2020, despite coming close to a standstill in March on the back of the Covid-19 outbreak. Building on the momentum in 4Q2019, the number of IPO deals in the region in 1Q2020 jumped 63% to 31 deals raising US$3 ...
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Vickers Venture Partners snags $285m for sixth fund

30 Mar 2020 - Singapore Business Review
Its portfolio includes a firm working on a vaccine against COVID-19. Singapore-based Vickers Venture Partners received commitments amounting to $285.48m (US$200m) for its target $713.69m (US$500m) Fund VI, according to a press release. This excludes general partner commitments. The company aims it to ...
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Daily Briefing: SIA implements no-pay leave days for pilots; Waste management firm Blue Planet bags $36m

25 Mar 2020 - Singapore Business Review
And Expara Ventures launches accelerator programme for COVID-19 solutions. From CNA: Singapore Airlines (SIA) pilots will be required to take some days of no-pay leave a month from April as part of cost-cutting measures the national carrier is putting into place. In an internal email seen by CNA, the ...
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Japan's Leading Team Collaboration Platform Company, Cybozu Announces Asia Business Strategy

24 Mar 2020 - ACN Newswire
Cybozu, Inc. (Head Office: Chuo-ku, Tokyo; CEO: Yoshihisa Aono; hereinafter "Cybozu") held a presentation on February 25, 2020, to announce its financial results for the previous fiscal year, as well as its business strategy for the current fiscal year highlighting its steady business performance and ...
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Why is business resilience important during Covid19?

19 Mar 2020 - Singapore Business Review
With COVID-19 now having been declared a global pandemic, I say that these have been some of our busiest weeks in recent memory at InCorp. A brutish confluence of events has impacted our region with a ferocity that has unnerved us all. This means we have been helping many organisations reassess their ...
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Malaysia declares lockdown as Covid-19 cases jump to highest in Southeast Asia

16 Mar 2020 - The Edge Markets
(Mar 16): Malaysia is restricting people’s movement nationwide to limit the spread of the coronavirus. The country is banning all visitors, and residents are barred from traveling overseas while places of worship, schools and business premises will be shut except for markets that supply daily needs, ...
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Lazada, Shopee are the two most used e-commerce apps in Southeast Asia

16 Mar 2020 - Singapore Business Review
It was the top app in Malaysia, Thailand and the Philippines. Singapore-headquartered e-commerce platforms Lazada and Shopee were the two most actively used e-commerce shopping apps in Southeast Asia in 2019, according to a report by meta-search platform iPrice. The two apps are also hailed as the most ...
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Passenger movements in Changi down 32.8% in February

13 Mar 2020 - Singapore Business Review
Traffic to major travel markets declined across the board including China (-92%). Passenger movements in Changi Airport crashed 32.8% YoY in February to 3.45 million, an announcement revealed. Aircraft movements fell by 12.3% to 26,200 landings and takeoffs, whilst airfreight throughput rose 7.6% to ...
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Wirecard to process GrabPay transactions for MSMEs

12 Mar 2020 - Singapore Business Review
It will also expand GrabPay to more merchants. Wirecard and Grab have partnered to allow the former to process GrabPay e-wallet transactions for MSMEs in Malaysia, the Philippines and Singapore, according to a news release. Wirecard will handle card payments through its digital financial commence platform ...
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Daily Briefing: Hotels roll out staycation packages; Automation startup Novocall raises $700,000 seed funding

12 Mar 2020 - Singapore Business Review
And Credence Partners has launched its first venture capital fund. From Channel News Asia: With more Singaporeans unsure about travelling overseas due to the spike in COVID-19 cases across the world, hotels here are gearing up to entice people to take staycations instead. Several hotels CNA spoke to ...
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