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Month: December 2024

Posted on 12/12/2024

Singapore port authority seeks proposals on scaling up LNG bunker supply

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it said ...

Posted on 12/12/2024

Temasek’s ST Telemedia says financial instruments included in sale of ‘majority stake’ in U Mobile

In a statement on Dec 11, ST Telemedia said it has provided funding to U Mobile from time to time in the form of “certain financial instruments” and they will form part of the sale. ST Telemedia owns ...

Posted on 12/12/2024

Singapore faces higher ai-driven security risks as a global AI leader: NetApp

As an AI-leading country, Singapore faces a higher incidence of AI-driven security challenges compared to AI-lagging nations. In a report, NetApp said data privacy and security concerns have remained ...

Posted on 12/12/2024

IPO-bound Rebel Foods raises $210 million in funding round led by Temasek

Other participants included existing investor Evolvence. The Series G round which was a mix of primary and secondary share sales also facilitated exits for certain investors, the company said ...

Posted on 12/12/2024

Singapore stocks fell as trading began on Thursday—STI slipped 0.1%

SINGAPORE: Singapore stocks fell as trading began on Thursday (Dec 12), weighed down by declines in major bank shares after mild US inflation data raised hopes for an interest rate cut this month. The ...

Posted on 12/12/2024

Crypto.com taps DB for corporate banking skills

Singapore-based cryptocurrency exchange company Crypto.com has tapped German lender Deutsche Bank (DB) to provide its corporate banking services for Crypto.com in Singapore, Australia and Hong Kong.

Posted on 12/12/2024

Singapore Mansion Deals Are Increasingly Shrouded in Secrecy

Deals for Singapore's highly exclusive mansions are on the rise, but the country's ultra-rich are increasingly seeking to keep their multimillion purchases private.

Posted on 12/12/2024

Temasek Firm’s Deal Values Malaysia 5G Winner at $1.7 Billion

A Temasek Holdings Pte firm’s stake sale agreement values U Mobile Sdn. at about 7.5 billion ringgit ($1.7 billion), according to people familiar with the matter, after the Malaysian phone company won ...

Posted on 12/12/2024

Exclusive-Shein IPO: UK regulator decision slowed by NGO challenge, sources say

Britain's financial regulator is taking longer than usual to approve fast-fashion retailer Shein's IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy ...

Posted on 12/12/2024

Temasek leads $282m fundraising round for India start-up Rebel Foods ahead of planned IPO

BENGALURU – Rebel Foods, a start-up that specialises in online-only restaurants, unveiled a US$210 million (S$282 million) funding round, ahead of an initial public offering (IPO) the company is ...

Posted on 12/12/2024

Rebel Foods raises $210 million funding ahead of planned 2026 IPO

Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands ...

Posted on 12/12/2024

Singapore Dollar Strengthens Slightly Amid Fed Cut Expectations

The Singapore dollar strengthened slightly against its U.S. counterpart amid expectations for a Fed rate cut next week.

Posted on 12/12/2024

Singapore police explain why they did not arrest Chinese fugitive on Interpol Red Notice

Police said they do not have sufficient evidence to investigate the alleged money launder, who was arrested when he travelled to Indonesia.

Posted on 12/12/2024

Singapore jails tourist for smuggling Indian star tortoises at Changi Airport

A court in Singapore has sentenced a 40-year-old Indian tourist to 16 months in jail for attempting to smuggle 58 Indian star tortoises, a highly endangered species, through Changi Airport en route to ...

Posted on 12/12/2024

Man charged with murder of woman in Hougang, Singapore

SINGAPORE: A man has been charged with murder after a Vietnamese woman was killed in a knife attack in Hougang on Tuesday (Dec 10).

Posted on 12/12/2024

Singapore PM Lawrence Wong’s 2024 Spotify Wrapped: Hits from the past, a little respect for the present

Singapore Prime Minister Lawrence Wong has given a rare glimpse into his music taste — and let’s just say it’s not what you’d expect. The 51-year-old politician’s 2024 Spotify Wrapped is full of ...

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