View of luxury apartments in Singapore. UOB Kay Hian believes that home purchases by foreigners, which increased by up to 20 percent in the first nine months of 2017, still has room to grow. This comes as the figure accounted for only 22 percent of this year’s private home sales volume, compared to 30 percent […]
The Raintree Gardens site was purchased in a UOL-led joint venture for $334.2 million. (Photo: JLL) UOL Group is expected to benefit from the recovery in Singapore’s housing market as it had managed to acquire development sites at good prices, reported the Singapore Business Review. In particular, KGI believes that the property firm’s two upcoming […]
Conduct a poll on the current hottest startup verticals in Singapore, and most would respond with blockchain, sharing economy, big data, e-payment, and the likes. Despite being recognised as one of Asia’s tech hubs, few would associate Singapore’s startup ecosystem with wearables or consumer gadgets – a relatively nascent sector in the garden city where […]
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(from left) Ms Wong Kae Chee, 61, helped her former student Tun Yaw, 25, get back onto his feet after he was misled by a recruitment agency for students. By Phyllis Lee Myanmar youths from rural regions value education, but in their process of seeking out a better future, they may end up losing more […]
SINGAPORE – Business leaders in Singapore have ranked terrorist and cyber attacks as the most concerning global risks in a new global survey by the World Economic Forum. This stands in contrast to the top five risks identified globally, which were unemployment, fiscal crises, failure of national governance, energy price shock and social instability. However, Singapore […]
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Refusing to give up after being blocked from raising an adjournment motion regarding the upcoming Presidential election at the last Parliamentary sitting, on 11 Sept, the Workers’ Party (WP) has re-filed the motion for the next parliamentary session to be held on 2 Oct. The WP does not seem to think it’s too late to debate the adjournment motion […]
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SINGAPORE: Two out of three Singapore brands contacted by the World Wide Fund for Nature (WWF) did not respond to a request to disclose their palm oil usage, the non-governmental organisation said on Thursday (Sep 21). As part of its Palm Oil Buyers’ Scorecard – Malaysia and Singapore 2017, WWF Singapore contacted 27 local retailers, […]
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Photo credit: yuliang11 / 123RF. MyDoc, a Singapore-based healthtech startup, raised US$5.2 million in a series A funding round. Since its inception in 2014, the startup has focused on solving employee healthcare management for large enterprises. Its new suite of products, [email protected], is set to launch towards the end of this year, the firm tells […]
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Singapore Press Holdings Ltd saw its market value fall below that of its better-known US peer, the New York Times, for the first time in 12 years, while it struggles to contain revenue losses mainly due to digital disruption. In an indication that the local media giant is facing tougher times, the company’s market value […]
The post SPH faces reality of digital push, sees loss in market value appeared first on Singapore News Huffe.
SINGAPORE: At this week’s ASEAN Para Games, I plan to defend the gold medal in archery for Singapore and do my ever-supportive parents, colleagues, friends and coach proud. In 2015, I won Singapore’s first-ever archery gold medal at the 8th ASEAN Para Games. Since transiting to competitive archery, I have not looked back. Being the […]
The post Commentary: When does a person with a disability get a chance to become a para-athlete? appeared first on Singapore News Huffe.
A major state-owned telecommunications provider in Switzerland has created a new business entity centered around blockchain Swisscom, according to new reports, has established “Swisscom Blockchain AG” to focus on a range of services around the tech. These include enterprise-facing solutions as well as support for companies looking to launch initial coin offerings (ICOs). The move […]
The post Swiss Telecom Giant Launches New Blockchain Business appeared first on Singapore News Huffe.
Singapore stocks continued downhill yesterday amid a mixed showing in Asia as traders were treading water ahead of a keenly watched United States Federal Reserve policy decision. The benchmark Straits Times Index (STI) lost 7.88 points or 0.24 per cent to 3,218.07, clocking a second straight day of losses. Turnover across the bourse was thin […]
A new road map for the electronics manufacturing sector aims to create $22.2 billion in value-add and 2,100 jobs for professionals, managers, executives and technicians (PMETs) by 2020. This Industry Transformation Map (ITM) – unveiled yesterday by Minister for Trade and Industry (Industry) S. Iswaran – includes plans to help electronics manufacturers diversify into new […]
TOKYO • Japanese exports and imports surged last month, with both beating expectations as a recovery in trade appeared to gain momentum. Exports rose by 18.1 per cent from a year earlier, the biggest rise since November 2013. Imports climbed by 15.2 per cent. The trade surplus was 113.6 billion yen (S$1.4 billion). Car shipments to the United States […]
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The Commodity Futures Trading Commission (CFTC) has named one of its leaders as the new sponsor for its technical advisory committee – and he wants to see it work on issues around blockchain. Commissioner Brian Quintenz, the agency announced yesterday, will act as the sponsor for the body, which provides input on various regulatory matters. […]
The post CFTC Commissioner: Blockchain Will Bring ‘Sea Change’ to Financial Markets appeared first on Singapore News Huffe.
We all dream of having beautiful homes to live in. Since home renovations are often expensive and difficult, most people turn to decorating their homes with gorgeous furniture. But, with beds, sofas, air conditioners and TVs costing thousands of dollars, even this is not easy to do with a limited budget. Given this, it’s understandable […]
The post 3 Reasons Why Singaporeans Shouldn’t Be Excited About IKEA’s Online Store Launch appeared first on Singapore News Huffe.
Banks are likely “afraid” of bitcoin and blockchain, a wealth advisor said today. Speaking with CNBC, Rainer Michael Preiss, executive director for Singapore-based Taurus Wealth Advisors, made his argument in the wake of comments from JPMorgan chief Jamie Dimon, who declared bitcoin “a fraud” earlier this month and predicted that it would “blow up”. Preiss, according […]
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A Japanese billionaire and venture capitalist said this week that he believes initial coin offerings (ICOs) will become a significant source of funding for startups in the future. Speaking with CNBC amidst the Singapore Week of Innovation & Technology, Taizo Son remarked that that ICOs – through which cryptographic tokens are sold in an effort to […]
The post Japanese Billionaire: ICOs ‘Democratize Venture Financing’ appeared first on Singapore News Huffe.
InnoVen CEO Chin Chao. Photo credit: InnoVen Capital. InnoVen Capital, a joint venture of Singapore’s Temasek and United Overseas Bank (UOB), today announced US$15.4 million funding of travel portal Yatra in India’s largest venture debt deal. It’s also the biggest deal for InnoVen which operates in Singapore, China, and India. Apart from its size, the […]
The post Q&A: InnoVen’s Chin Chao on venture debt’s rise in Asia, after closing largest deal appeared first on Singapore News Huffe.
Singapore-based healthtech startup MyDoc today announced that it has raised a US$5.2 million in Series A funding round led by UST Global, a California-based provider of end-to-end IT services and solutions. Wavemaker Partner also participated in the latest funding round for the company. In a press statement, MyDoc said that it will use the new […]
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AIRBUS yesterday inaugurated its first completion center for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing. China is one of the Western manufacturers’ key battlegrounds, with its travelers taking to the skies in ever-growing numbers. In Tianjin, a port city 150 kilometers from Beijing, Airbus […]
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Downtown Jakarta. Photo credit: amadeustx / 123RF Stock Photo. Southeast Asian venture capital firm East Ventures has launched a new US$30 million investment fund. Though it will cover the whole region, the fund will focus on Indonesia, and will mainly target seed and series A investments in startups working within the digital space. Since launching […]
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East Ventures, one of the most active VC firms in Southeast Asia, today announced a new US$30 million fund for startups in the seed to Series A stage with a focus on the Indonesian market. This is the sixth fund managed by East Ventures, which was founded in 2010 by partners Willson Cuaca, Batara Eto, and Taiga Matsuyama. […]
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Despite a mostly positive news flow, the outlook for the ICO token with the largest market capitalization is decidedly mixed. The OmiseGo-US dollar (OMG/USD) exchange rate has witnessed wild swings this month as China’s ICO crackdown and subsequent exchange ban rocked the cryptocurrency markets. OMG, however, was particularly affected by both moves, owing to its […]
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