Business

OCBC reports SGD1.3 billion net profit after tax for first quarter of 2019, up 33% from last quarter

OCBC reported a net profit after tax of SGD1.23 billion for the first quarter of 2019 that ended on March 31, an 11 percent from last year.

DBS reports record profit for 2019Q1 at SGD1.65 billion

DBS Group’s has reported a record net profit for first quarter of 2019, with an increase of 9 percent to SGD 1.65 billion.

E-sports startup MPL raises USD35.5 mn in Series A funding

Fastest growing e-sports startup Mobile Premier League (MPL) has raised USD35.5 million (SGD48.2 million) in its Series A funding round led...

Singapore-based private equity firms investing heavily in India’s real estate sector

With funding from Indian banks and non-banking financial companies drying up in the real estate sector, Singapore-based investors are...

Sentosa's new scheme woos innovative ideas from local enterprises

The Sentosa x Enterprise scheme will create opportunities for local enterprises to test bed novel ideas, concepts, and technologies.

Singapore sovereign wealth fund GIC reduces stake in India’s DLF

Singapore government’s sovereign wealth fund GIC reduced its equity stake in DLF, the largest homegrown real estate developer in India.

NTU goes cloud for its digital transformation agenda

NTU Singapore has adopted cloud-based enterprise technology as part of its digital transformation efforts for its administrative processes.

Uber launches new APAC headquarters in Singapore

Despite not having immediate plans for activities in Singapore, Uber has no plans to relocate its Asia Pacific (APAC) regional hub.

Jet Airways chairman resigns amid airline's financial woes

India's private Jet Airways Chairman Naresh Goyal has stepped down from his position.

Grab Financial Group launches SME lending and micro-insurance in Singapore

Grab Financial Group has announced its ‘Grow with Grab’ roadmap, with the launch of SME lending, and micro-insurance for drivers in...

Singapore-based InstaRem announces close of USD41 million Series C funding round

InstaReM, a Southeast Asia-based digital cross-border payments company, has announced the close of its SGD55.4 million (USD41 million)...

Positive outlook for Singapore banks as investors show interest from flight-to-quality angle

The outlook for Singapore's banking sector remains positive, with significant interest among Malaysian investors.

Global investments in Indian start ups cross 11.5 billion mark

The global investment flows into the Indian start ups has crossed 11.5 billion US dollars, underscoring the growing confidence of investors...

India-based Affle acquires Singapore’s Shoffr

India-based consumer intelligence company Affle has acquired Singapore-based online to offline (O2O) platform Shoffr in a cash-and-stock...

Google Cloud hires Indian origin Oracle veteran for top role

Indian origin Oracle veteran Amit Zavery has been appointed by Alphabet Inc's Google Cloud to lead one of its engineering teams.

Singtel to buy SGD730 million of Airtel shares as competition soars in India

To shore up the balance sheet of Indian telecom operator Airtel, Singtel will buy roughly SGD730 million (INR37.5 billion) worth of Bharti...

22 Singaporeans in Forbes Billionaire list 2019; Mukesh Ambani 13th, Bezos tops

“Even the wealthiest are not immune to economic forces and weak stock markets,” stated the magazine which released its ‘Billionaires -...

Grab continues to see strong interest from global investors post-SGD6.1 billion funding round

Singapore-based ride hailing firm Grab is looking to raise more funds from strategic investors after receiving over SGD6.1 billion in the...

DBS launches wholly-owned subsidiary in India to accelerate expansion

Singapore-headquartered DBS Bank has launched its locally incorporated wholly owned subsidiary, DBS Bank India Limited (DBIL), on Monday,...

ZEE5, Apigate team up with mobile carrier Celcom to boost Malaysian presence

In its ongoing campaign to launch Indian content across South-East Asia, multi-lingual digital entertainment platform ZEE5 announced a...

DBS new digital platform simplifies investments for first-time investors

Launched on Monday, February 25, for Treasures members, DigiPortfolio features an automated process allowing investors to buy their...

Gojek to provide payout to drivers on prolonged medical leave

Gojek has partnered Gigacover, a Singapore-based insurance technology company focused protecting freelancers, to launch an insurance scheme...

Singapore now India’s top FDI source, overtakes Mauritius

The Singapore-India story is now creating a new historical chapter. FDI in equity from Singapore jumped 41% in the April-December period to...

Gautam Banerjee among business leaders appointed as NUS Pro-Chancellors

The National University of Singapore (NUS) today has appointed Indian origin business leader Mr Gautam Banerjee as one of the...

Singapore startups get chance to win SGD12,000 grant at ‘The Island Exchange’

Singapore is the country for startups. Multitudes of funding options, government grants, business chambers like SICCI forever out to support...