Singapore

Temasek’s net portfolio value rises on year to $288B this financial year

Singapore state-owned investor Temasek has reported a net portfolio value (NPV) of SGD 389 billion ($288 billion) for the financial year ended March 31, 2024, up SGD 7 billion ($5.18 billion) from a year ago.

Temasek-backed 65 Equity Partners invests $74.06M in Singapore’s advanced manufacturing service provider Hi-P

Temasek-backed global investment firm 65 Equity Partners has made an investment of SGD 100 million ($74.06 million) in Singapore-headquartered regional advanced manufacturing service provider Hi-P International Pte. Ltd. (Hi-P).

Validus appoints Chong Khai Siang as group Chief Financial Officer

Validus, a Singapore-based one-stop small and medium-sized enterprise (SME) financing platform, has on Monday announced the appointment of Chong Khai Siang as group Chief Financial Officer (CFO) of Validus.

SK Telecom partners Singtel to develop next-generation telco technology and solutions

Singaporean telecommunications firm Singtel and South Korean telecommunications operator SK Telecom have teamed up to develop next-generation telco technology and solutions.

CBC-Backed Hasten Biopharmaceutical acquires 14 Celltrion Legacy products

Singapore-based healthcare-dedicated asset management firm CBC Group announced that its controlled portfolio company, Hasten Biopharmaceutical (Hasten), an innovation-driven biopharmaceutical company, has successfully acquired the asset rights of 14 branded products across Pan-Asia countries and regions from Celltrion, a South Korean biopharmaceutical…

Global Founders Capital and Insight Partners launch Singapore-headquartered SaaS firm Summit

Germany-based venture capital firm Global Founders Capital and United States-based investment firm Insight Partners have teamed up to launch Summit, a Singapore-headquartered software as a service (SaaS) company.

Set Sail AI partners Choco Up to drive generative AI adoption

Choco Up, a Singapore-based revenue-based financing (RBF) and growth platform, has announced a strategic partnership with Set Sail AI, a Hong Kong-based intelligent contact center solution, to facilitate the adoption of generative artificial intelligence (AI) solutions among businesses and merchants.

MAS expands industry collaboration to scale asset tokenization for financial services

The Monetary Authority of Singapore (MAS) announced the expansion of initiatives to scale asset tokenization for financial services. This includes partnering with global industry associations and financial institutions to drive common asset tokenization standards in fixed income, foreign exchange (FX) and asset and wealth management.

Singtel partners Hitachi Digital to accelerate industrial AI solutions

Singtel, a Singapore-based communications technology group, and Hitachi Digital, a Japan-based end-to-end digital transformation services and technology firm, have announced a new collaboration that will pair Hitachi’s deep artificial intelligence (AI) expertise with Singtel’s Paragon platform, the all-in-one orchestration platform for 5G, edge computing…

Westcon-Comstor to distribute Nokia’s drone-in-a-box solution in Singapore, Australia, New Zealand, and more

Global technology provider Westcon-Comstor has on Tuesday announced an expansion of its long-standing relationship with Finnish multinational telecommunications firm Nokia to distribute Nokia’s drone-in-a-box solution in Singapore, Australia, New Zealand, and more.