Focus Story

OYO lays off over 1,000 workers in ‘right-sizing’ drive

Indian hospitality unicorn OYO announced plans to downsize over 1,000 people in India and 600 in China as part of its restructuring and...

India curbs palm oil imports from Malaysia over their PM’s anti-CAA stance

Economic and diplomatic ties between India and Malaysia ties are likely to take a hit with New Delhi deciding to put curbs on palm oil...

RuPay offering cashback offers on international transactions

In line with the push to globalise domestic e-payment services, the National Payments Corporation of India (NPCI) said on Thursday that it...

LGBT-focused streaming service softening conservatism in Asia

GagaOOLala, an LGBT-themed streaming service, has launched more than 1,000 feature films, shorts, web series, and documentaries, now...

Singapore-based Vertex Growth Fund leads Series E funding in Indian company Licious

The funds raised will reportedly be used towards expanding Licious’ presence across the country.

Zilingo acquires Sri Lanka-based nCinga Innovation in SGD 15.5 million deal

Singapore-headquartered Zilingo has acquired Sri Lanka-based software company nCinga Innovations in a landmark SGD 15.5 million cash and...

Maybank Kim Eng cuts 5 per cent of Singapore manpower

Maybank Kim Eng has reduced 5 per cent of its manpower in Singapore amid stiff competition from fintech firms, according to news reports.

Airtel stakeholder Bharti Telecom seeking nod for Singtel investment: Sources

Bharti Airtel promoter Bharti Telecom has sought the Indian government’s permission to allow an SGD 937.03 million (INR 4,900 crore)...

Singapore ranks third, India 73rd in UN e-commerce ranking index 2019

Singapore came in third while India ranked 73rd out of 152 countries in a United Nations (UN) business-to-consumer (B2C) e-commerce index...

Tookitaki appoints Subhas Samanta as V-P of Research & Engineering

Singapore-based financial regulator startup Tookitaki has hired Subhas Samanta, ex-Director of LinkedIn, as their new Vice-President of...

Dyson's new global HQ is at the historic St James Power Station in Singapore

British technology company Dyson will be shifting its global headquarters to Singapore in 2021, the company said on Thursday, November 28.

Singapore startup Tookitaki announces SGD 26.2 mn Series A funding round

Singapore-based anti-money-laundering startup Tookitaki announced on Monday that it has raised an additional USD 11.7 million in funding...

Office-sharing firm WeWork lays off 2,400 employees worldwide

The layoff affects roughly a fifth of WeWork's workforce, as the company struggles to reorganise amid mounting losses.

EU-Singapore free trade agreement kicks off

Companies based in Singapore will get to enjoy greater market access into the EU.

DBS adopts AI-powered screening technology to enhance compliance

As financial criminals grew increasingly sophisticated, DBS Bank has implemented an artificial intelligence (AI) powered solution to fend...

NIUM launches digital cross-border payments in Indonesia

NIUM’s digital money transfer service will enable consumers and enterprises in Indonesia to send money to over sixty destinations...

DBS reports record total income at 13% increase in 2019 Q3

DBS reported a strong operating performance in the third quarter of 2019, with its total income increasing 13 per cent to a new high of SGD...

Parenting platform theAsianparent closes 7-figure series C funding

Southeast Asian parenting platform theAsianparent has closed a seven-figure Series C2 funding from new strategic investors Mirae Asset...

Salaries in India to rise higher than in Singapore, China: Report

According to a survey, salaries in India are projected to rise by 10% in 2020, the highest in the Asia Pacific region.

Vistara launches drive to expand its fleet

Tata Sons and Singapore Airlines’ joint venture airline Vistara announced plans to nearly double its fleet size from 22 aircraft to 42 by...

Singapore’s Qoo10 acquires Indian e-commerce vendor ShopClues stock in merger

India-based e-commerce vendor ShopClues on Thursday announced its merger with Singapore-based platform Qoo10

OCIs now eligible to enroll in Indian pension scheme, says Finance Ministry

The Indian Pension Fund Regulatory and Development Authority (PFRDA) said on Wednesday that an Overseas Citizen of India (OCI) can enroll...

India should follow Singapore model, do away with multiple GST slabs: Experts

Several experts have suggested that India should do away with multiple tax slabs under the Goods and Services Tax (GST) for greater ease of...

Three Indian-origin executives in Harvard Business Review’s top 10 CEOs list

The list, which features 100 CEOs, is topped by American technology company NVIDIA's CEO Jensen Huang.