Focus Story

DBS reports record SGD 6.39 billion profits for 2019

DBS fourth-quarter earnings increased 14 per cent to SGD 1.51 billion.

Singapore-based Zilingo makes three top appointments

Zilingo is a technology platform that powers the fashion supply chain and was founded in 2015 by Ankiti Bose and Dhruv Kapoor.

Budget 2020: FM clarifies only NRIs' India income to be taxed

Indian Finance Minister Nirmala Sitharaman announced in her Union Budget speech that NRIs who don't pay taxes in a foreign country will now...

Pine Labs becomes first Indian unicorn of 2020 with Mastercard deal

Pine Labs, a point-of-sale and merchant commerce solution provider incorporated in Singapore, has become the first unicorn of 2020 from...

IMF lowers Indian growth estimate for 2019, also cuts global growth rate

The International Monetary Fund (IMF) on Monday lowered the growth estimate for India to 4.8 per cent for 2019, a cut of 1.3 per cent in...

DBS launches QR-based payment solution for businesses

Paying suppliers and vendors with cash could soon be a thing of the past for Singapore’s 28,000 coffee shops, hawker centres and...

Bezos: Will export Indian goods worth USD 10 billion by 2025

Kicking off a two-day summit in New Delhi, Amazon Inc founder Jeff Bezos on Wednesday said his company will use its global footprint to...

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...