The company has more than 86 million mobile app downloads, currently offers services in more than 190 cities across Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar, and Cambodia. ( read original story ...)
Today’s top tech news, March 26: Grab buys Uber, Malaysia/Singapore pursue fake news bills
In Singapore last week, a heated public hearing had tech giants ... Prime Minister Narendra Modi has come under fire after revelations that his official mobile app was sending personal data to a third party without users consent, according to Reuters. ( read original story ...)
India ranks 109th globally in mobile download speeds: Report
MUMBAI: India, the largest consumer of mobile data in the world ... compared with 18.82 mbps in November 2017, the index said. Singapore leads in the fixed broadband front, with a download speed of 161.53 mbps. India last year had reported the biggest ... ( read original story ...)
Uber races towards IPO with South-east Asian deal
SINGAPORE (REUTERS) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the US ride-hailing giant said it would hand its South-east Asian arm to Grab, a US$6 billion local rival, and take 27.5 per cent of ... ( read original story ...)
Chinese outlet mall operator launches IPO
In the first initial public offering (IPO) of a real estate investment trust (Reit) in Singapore this year, Sasseur Reit is offering 266.6 million units at 80 cents each. This consists of 13.8 million shares for the public, with the rest being 252.8 ... ( read original story ...)
Singapore’s Aslan Pharma lines up an $86M IPO to fund pivotal cancer drug studies
With its lead oncology drug in a pivotal study for biliary tract cancer and a slate of key catalysts coming up in other trials, Singapore-based Aslan Pharmaceuticals has filed for an IPO on Nasdaq, with plans to raise around $86 million. Helmed by Carl ... ( read original story ...)
China Outlet Mall REIT Falls Short with $302M Singapore IPO
Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone ... ( read original story ...)
ayondo Celebrates First FinTech Company to List in Singapore
ayondo, a Global Financial Technology group, today celebrated its first day trading of its shares on the Catalist board of the Singapore Exchange Securities ... The market capitalization of ayondo at IPO is about S$130.7 million. ( read original story ...)
Sasseur REIT launches IPO for $396m
This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed. The REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD ... ( read original story ...)
Sasseur REIT IPO – 5 key things you need to know before you invest
Singapore’s REIT market will soon welcome a new member ... If you’re interested, you can download and read the prospectus here (all 728 pages of it!). Sasseur REIT IPO prospectus. You only have a couple more days to consume it though, before ... ( read original story ...)
Breakingviews- Uber races towards IPO with Southeast Asian deal
SINGAPORE (Reuters Breakingviews) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the U.S. ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 billion local rival, and take 27.5 ... ( read original story ...)
DBS brings back Hack2Hire, aiming to recruit 100 techies
SINGAPORE - DBS is bringing back Hack2Hire, with the aim of recruiting up to 100 of the "brightest tech sparks" - double the number of hires its hackathon programme produced last year. The bank said that given the success of Hack2Hire recruits from 2017 ... ( read original story ...)
Singapore central bank expected to tighten monetary policy in April
SINGAPORE: Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth solid and the labour market showing signs of improvement, a Reuters poll of economists found. Nine of 15 analysts ... ( read original story ...)
EAP seals deal to sell key assets to Singapore firm
A deal has been sealed to sell some of the key EAP Group assets to a Singapore-based investment holding company, with Sri Lanka’s Central Bank giving the green light to proceed with the deal, Mirror Business learns. The assets that will be sold under the ... ( read original story ...)
Foreign demand returning to Singapore property
Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to ... ( read original story ...)
DBS Indonesia joins ATM PRIMA Network to expand outreach
Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its ... ( read original story ...)