Singapore
Trip.com partners Chope to provide instant restaurant reservations to Southeast Asian-bound travellers
China-based global travel platform Trip.com Group has partnered with Singapore-based dining platform Chope to provide instant restaurant reservations to Southeast Asian-bound travellers.
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
Atome partners TikTok Shop to drive e-commerce growth in Malaysia
Atome, a Singapore-based digital consumer financing platform, has joined forces with TikTok Shop to revolutionize the e-commerce landscape in Malaysia. This strategic partnership enables businesses of all sizes, but particularly young entrepreneurs and small and medium enterprises (SMEs), to harness the potential of online shopping and foster economic…
Silicon Box launches $2B advanced semiconductor manufacturing foundry in Singapore
Silicon Box, a Singapore-based semiconductor integration startup, has launched its $2 billion advanced semiconductor manufacturing foundry to revolutionize the chip manufacturing sector, develop local capabilities, and boost Singapore's position as a global hub for semiconductor manufacturing.
Singapore’s GIC invests in Aichi logistics facility developed by Daiwa House Industry
GIC, a Singapore-based investment firm, has announced that it will acquire a logistics facility in Yatomi city, part of the Greater Nagoya metropolitan area.
AIOX Apex Angel Fund invests in Singaporean global design studio XM HoldCo
Singapore-based global design studio XM HoldCo Pte Ltd and its subsidiaries (collectively the XM Group) has announced that it has completed its latest round of fundraising, led by AIOX Apex Angel Fund (AIOX), together with some of its existing institutional shareholders including Heliconia Capital Management Pte Ltd and ICH Capital.
Grab acquires Singapore’s third largest taxi operator Trans-cab through its GrabRentals arm
Grab Holdings Limited and Trans-cab Holdings Ltd have on Thursday announced the signing of an agreement for Grab Rentals Pte. Ltd. to acquire 100 percent of the shares in Trans-cab. Trans-cab has a combined taxi and private-hire-vehicle (PHV) fleet of more than 2,500 vehicles, and is accretive on a net income basis to Grab’s business.
Digital bank GXS offers saving accounts in Singapore with maximum deposit amount of $57,000
Singaporean digital bank GXS Bank (GXS) which is backed by superapp Grab Holdings Ltd and communications technology group Singtel, has announced that it has opened up the GXS Savings Account to all eligible individuals in Singapore as the bank ramps up in its next phase of growth.
US-based Ares Management acquires Singapore-based private equity firm Crescent Point Capital
United States investor Ares Management Corporation (Ares) announced Monday that it has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (CPC), a Singapore-based private equity firm.
Carousell partners Carzuno to launch Carousell Car Subscription in Singapore
Riding on the newly-launched Carousell Certified program for cars, multi-category classifieds and recommerce marketplace Carousell is partnering car-as-a-subscription company Carzuno to launch the Carousell Car Subscription in Singapore, providing further convenience for users.
