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Southeast Asia
Learning
SAP signs MoU with polytechnics and SkillsFuture to launch tri-sector education programme
SINGAPORE (July 23): Global enterprise software corporation SAP on Friday morning signed a memorandum of understanding (MoU) with Singapore’s five polytechnics and SkillsFuture Singapore (SSG) to launch SAP Skills University Singapore – an information
July 27, 2018
Global Economy
Southeast Asia's growth could be the trade war's next casualty
SINGAPORE (July 16): For Southeast Asia’s biggest economies, 2018 wasn’t supposed to be like this.
July 16, 2018
Southeast Asia PE deal value surges to $30 bil in 1Q, led by Singapore
SINGAPORE (July 9): Total private equity (PE) and venture capital (VC) deal value in Southeast Asia hit a historic high of US$21.9 billion ($29.7 billion) over 19 deals in 1Q18, significantly up from 26 deals worth US$687 million a year ago.
July 09, 2018
StanChart said to plan Asia split into Singapore, Hong Kong hubs
LONDON (June 6): Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said.
June 06, 2018
Startups, Entrepreneurs, Digital economy
UOB to offer start-ups, SMEs up to 20% off co-working rental rates across Southeast Asia
SINGAPORE (May 2): United Overseas Bank (UOB) says it has signed Memoranda of Understanding (MoUs) with a number of co-working spaces – namely Singapore’s 80RR Fintech Hub SG, Common Ground and WORQ in Malaysia, and Indonesia’s EV Hive – to offer
May 02, 2018
Fintech
Allianz becomes Go-Jek's sole international insurance shareholder with US$35 mil investment
SINGAPORE (Apr 11): Financial services provider Allianz says it has invested US$35 million ($45.8 million) in Indonesian ride-hailing platform Go-Jek through its digital investment unit, Allianz X.
April 11, 2018
Singapore economy
Singapore banks resilient amid rising regional NPLs, but should remain alert: Deloitte
SINGAPORE (Apr 10): Singapore’s banking system has remained resilient even as global and regional non-performing loan (NPL) numbers continue their uptrend, says financial services firm Deloitte & Touche.
April 10, 2018
Global Economy
Southeast Asia braces for trade war by bolstering growth
(Apr 6): Policy makers across Southeast Asia are bracing for a fallout from a US-China trade war, turning their focus on bolstering their domestic markets to cushion the blow.
April 06, 2018
Startups, Entrepreneurs, Digital economy
Grab vanquishes Uber with local strategy, billions from SoftBank
SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.
March 27, 2018
M&A
Financial M&A deals in Asia Pacific to hit $161 bil in 2018: Baker McKenzie
SINGAPORE (Mar 26): Baker McKenzie is forecasting for Asia Pacific’s financial merger and acquisition (M&A) deals to hit US$122.7 billion ($160.9 billion) this year, coming in only after Europe and North America at the projected deal values of US$195.7
March 26, 2018