Singapore
S&P upgrades Grab to ‘BB-‘ with stable outlook
S&P Global Ratings has on Thursday upgraded Singapore-based superapp Grab Holdings Ltd. to 'BB-' with stable outlook, as it foresees sustained positive earnings before interest, taxes, depreciation, and amortization (EBITDA) and cash flow for the firm.
Singapore’s EDB commits additional funding of $25M; facilitates partnerships with startups
The Singapore Economic Development Board (EDB) is committing S$32 million ($24.57 million) in fresh funds over the next two years to continue driving corporate venturing in Singapore.
Transitioning to a sustainable future – Are EVs the answer for a green logistics industry?
In the ongoing battle against #ClimateChange, businesses across all verticals need to take a firm stance towards the cause or risk being eliminated. Ultimately, #EVs are simply the first step towards greenifying business processes. Instead of looking at #Sustainable practices like #EV adoption in isolation, companies will do well to consider them as part of…
Temasek’s SeaTown closes second private credit fund at over $1.3B
SeaTown Holdings International, a wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, has on Tuesday announced the final close of the SeaTown Private Credit Fund II (PCF II) with over $1.3 billion in capital commitments.
Empowering tomorrow’s innovators: The role of family offices in tech funding and social impact initiatives in Singapore
Family offices are pivotal in Singapore's tech funding landscape, leveraging substantial resources and a long-term investment outlook to drive innovation and social impact. By prioritizing initiatives aligned with #ESG principles and investing in education, research studies, and start-ups, they not only address funding gaps but also foster solid grounds for…
Foxconn Industrial Internet, Vizzio Technologies, Ingrasys team up for AI server WEF Lighthouse Factory
Vizzio Technologies, a Singapore-based technology company, Foxconn Industrial Internet (FII), a subsidiary of the global technology leader Foxconn, and INGRASYS, an artificial intelligence (AI)-focused subsidiary of Foxconn, have teamed up for smart manufacturing.
Singtel, Hitachi expand collaboration to next-generation data centers and GPU cloud
Singaporean telecommunications conglomerate Singtel and Japanese multinational conglomerate Hitachi, Ltd. have expanded collaboration to next-generation data centers and graphics processing unit (GPU) cloud to accelerate enterprise digital transformation by artificial intelligence (AI) adoption.
Singapore’s SleekFlow secures $7M with Atinum Investment to propel global expansion and AI tech innovation
SleekFlow, a Singapore-based provider of Omnichannel Conversational AI Suite for customer engagement, has secured $7 million in a Series A+ funding round led by Atinum Investment, a South Korean-based venture capital firm.
Singapore’s DiMuto secures $5.9M in Series A funding for global expansion
DiMuto, a Singapore-based AgriFood trade solutions company, has successfully closed its Series A funding round, securing a total of $5.9 million. The round, which was led by The Yield Lab Asia Pacific, saw contributions from prominent investors including SiS Cloud Global Tech Fund 8, Gold Sceptre Limited, and Dave Chen.
Igloo partners TrueMoney to provide critical health insurance products to Thai users
Singapore-based regional insurtech Igloo has on Tuesday announced its partnership with TrueMoney, a Thailand-based e-payment and financial service provider, to provide critical health insurance products to Thai users.
