DataRobot, the Boston-based enterprise AI company that hit unicorn status last September after a $207 million Series E round, has brought in another massive fundraise: $270 million in what the startup ... ( read original story ...)
UPDATE 1-India to fold Lakshmi Vilas into local arm of Singapore’s DBS
The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in ... ( read original story ...)
Singapore’s commercial market touted APAC’s worst performer in Q3: study
Deal value was 86% lower than last year. Sales activity for commercial real estate in Singapore contracted the fastest across all major APAC markets in Q3, with the number of deals plunging 74% YoY ... ( read original story ...)
Singapore is closely monitoring global coronavirus vaccine developments, minister says
We are talking to different companies to build a diversified portfolio of safe and effective coronavirus vaccines for Singaporeans, says Lawrence Wong, second minister for finance and co-chair of the ... ( read original story ...)
Singapore to pilot common data platform in bid to plug supply chain gaps
With COVID-19 highlighting the need for robust supply chains, Singapore believes a common data infrastructure is essential in resolving critical painpoints and linking key stakeholders including ... ( read original story ...)
Singapore minister says ‘a long way to go’ before vaccine distribution, other precautions useful
A coronavirus vaccine won't be the silver bullet to end the pandemic, Singaporean minister Lawrence Wong said despite "promising" news from pharmaceutical firms. Beyond a vaccine, testing and ... ( read original story ...)
New Silkroutes appoints new finance director, CEO as executive director
The appointments come after the resignations of chairman Goh Jin Hian and finance director William Teo.. Read more at straitstimes.com. ( read original story ...)
Reit mergers bring scale and headaches to Singapore
Real estate investment trusts are the mainstay of Singapore listings, a rare example of liquidity and foreign interest in an otherwise dull local bourse. Two contrasting mergers tell intriguing ... ( read original story ...)
Singapore Minister Cites Underlying Workforce Issues: NEF Update
The four-day Bloomberg New Economy Forum kicked off on Monday morning with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global ... ( read original story ...)
High Court grants bank creditors’ application to place Hyflux under judicial management
SINGAPORE: The Singapore High Court has granted an application by a group of bank creditors to place troubled water treatment firm Hyflux under judicial management. The judicial management application ... ( read original story ...)
Singapore’s ‘old economy’ stock market misses global tech rally
telecommunications and finance. Singapore's heavy dependence on the external environment to do well as an export-oriented economy makes its companies especially vulnerable to global shocks ... ( read original story ...)
Asia’s improving earnings scorecard is failing to boost stock prices as Covid-19 effects linger
Asian companies are wrapping up a solid quarter in earnings recovery. Investors, however, have chosen to ignore it. ( read original story ...)
Google Invests In Indonesian E-Commerce Unicorn, Joins Singapore Government, SoftBank, Alibaba
What Happened: The tech giant now owns 1.6% of Tokopedia, valued at $1.1 million (16.7 billion rupiah) Singapore’s government investment company Temasek also invested in Tokopedia. Temasek now has a 3 ... ( read original story ...)
DoorDash IPO bets that the pandemic has accelerated change
DoorDash has become the go-to delivery choice for millions of people cooped up during the pandemic this year. Will they stay as life returns to normal after the vaccine? What will be "normal," anyway? ( read original story ...)
Singapore’s Hyflux Supports U.S. Firm’s Restructuring Proposal
(Bloomberg) -- Hyflux Ltd., in its third year of a debt-restructuring process, supports a plan proposed by Strategic Growth Investments LLC to acquire and privatize the Singapore-based water-treatment ... ( read original story ...)
Zomato raises $195 million funding from 6 investors ahead of IPO launch in 2021
The investment is the latest in a slew of funding for Zomato in recent months.In September, the company raised $160 million from US hedge fund Tiger Global Management LLC and a unit of Singapore's Tem ... ( read original story ...)