Business

Cross-border payments firm InstaRem secures over SGD27.4m Series C funding

Digital cross-border payments company InstaReM has secured a first close of more than USD20 million (SGD27.47 million) in its Series C...

Business sans borders to help in fostering SME digitalisation

MAS and IMDA are working together to create a cross-border innovation platform called Business sans Borders to enhance domestic and...

Singapore’s fintech journey is about innovation, inclusion and inspiration: Ravi Menon

“Singapore’s fintech journey is about innovation, inclusion and inspiration," said managing director of MAS, Ravi Menon, at the opening...

Hyundai invests another SGD342 million in Grab

The additional investment builds on Grab’s existing strategic partnership with Hyundai and brings Grab’s current fundraising to US$2.7...

DBS CEO Piyush Gupta says fears about US-Sino trade war "somewhat overblown" for now

The fears surrounding the impact of the United States-China trade war are “somewhat overblown” for now, said Piyush Gupta, Chief...

Singapore-based real estate portal PropertyGuru raises SGD200 million funding from KKR

For expanding its services, Singapore-based real estate portal PropertyGuru has secured an investment of SGD200 million from private equity...

Singapore urges New Delhi to start more flights to boost business

Singapore has urged New Delhi to start more flights between Singapore and cities in northern India to increase the flow of business...

Royal DSM recognised for efforts in sustainability in Top Green Companies in Asia award

Royal DSM has been awarded the Top Green Companies in Asia Award at the 2018 Asia Corporate Excellence & Sustainability (ACES) Awards.

ComfortDelGro partners Finnish start-up to launch 'Netflix of transport'

ComfortDelGro Corporation has partnered Finnish startup MaaS Global to launch “WHIM”, a multi-modal transport app.

Microsoft invests in Grab with tech-focused partnership

Microsoft will be partnering Grab in a strategic agreement to transform the delivery of digital services and mobility in the Southeast Asia...

Flipkart Internet gets SGD 655 mn fund infusion from Singapore ahead of Diwali season

Flipkart Internet, the online marketplace arm of the Walmart-backed company in India, has received an over SGD655-million (INR3,462-crore)...

SBI plans to tap India-Singapore remittance corridor worth SGD1.16 billion

State Bank of India is one of the largest banks of the nation and also caters to thousands of overseas Indians living in different parts of...

SEBI panel suggests relaxing FPI norms against NRIs, overseas Indian-backed funds

In a move that is set to bring major relief to foreign fund owners, a Securities and Exchange Board of India (SEBI) appointed panel has...

Singapore’s Temasek to invest USD400 million in NIIF for boosting infrastructure in India

To boost infrastructure financing in India, Singapore-based Temasek has agreed to invest as much as USD400 million (SGD550 million) in the...

Grab's revenue expected to double in 2019

Grab's co-founder Hooi Ling Tan said it is on track to raise US$3 billion of funding before the end of this year.

OCBC apologises for software failure that caused outage for 3-4 hours

OCBC said the incident was due to a software failure that was not detected "due to a human oversight".

Indian airlines expected to lose up to S$2.6 billion this year

Indian airlines have completely lost pricing power as a result of the rapid influx of capacity.

India’s aviation sector hit by cheap tickets, high oil prices and declining rupee

Experts have warned that churning out cheap tickets and an over-reliance on favourable fuel pricing are unsustainable in the long run.

Singapore’s GIC acquires minority stake in Indian realty firm Provenance Land

​Taking advantage of the push for investment into India and economic partnership with Singapore, the city-state’s sovereign wealth fund...

SPH Group appoints Connected to India as advertising sales representative for tabla! in India and the Middle East

Singapore’s largest publishing company Singapore Press Holdings (SPH) has appointed online media company Connected to India to sell...

Remitly updates Indian market services, signs R Madhavan as Brand Ambassador

Continuing its international expansion efforts to bring its service to more overseas Indian communities worldwide, Remitly, a private...

Jet Airways clarifies rumours that airline may be grounded in 60 days

India’s biggest full-service carrier Jet Airways reportedly told its pilots the airline may be grounded in 60 days, unless cost-cutting...

Singtel wins Telecom Asia Award for Best Mobile Carrier

Mobile service provider Singtel was named Asia’s Best Mobile Carrier at the recent Telecom Asia Awards 2018.

DBS posts 20 percent increase in Q2 profits

DBS said it benefited from rising local interest rates and fee income from its expanding wealth management operations.