Business

Singapore Airlines to transport some jets from SilkAir to Scoot
By Neyla Zannia Published on by Neyla Zannia 0

Singapore Airlines has announced that it is expecting to transfer some jets from its regional wing SilkAir to low-cost carrier Scoot, allowing it to compete more effectively against low-cost rivals in the region, like the AirAsia Group. The plan comes after the carrier announced Read More

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Temasek invests in debt-laden Hainan Airlines, in a move that analysts say is overpriced
By Kwok Fangjie Published on by Kwok Fangjie 0

It was reported on Sunday (10 Jun) that Hainan Airlines would sell up to 20% of its Shanghai-listed shares to raise up to RMB 7 billion (S$1.458 billion). The shares will be sold to no more than 10 investors, one of which is Temasek Fullerton Read More

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More opportunities for industry to support digital government blueprint implementation
By Neyla Zannia Published on by Neyla Zannia 0

Government contracts worth up to S$2.6 billion will be up for grabs for information and communications technology (ICT) players from April this year to March next year, a little more than the previous year’s S$2.4 billion. The Government stated during the GovTech’s annual Read More

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GIC suffers 60% loss as it invests in Vietnamese taxi company during a time when ride-hailing apps are on the rise
By Kwok Fangjie Published on by Kwok Fangjie 0

According to an article in the Tiền Phong newspaper, Singapore’s Government Investment Corporation (GIC) had realised a 60% loss over 4 years after it sold 5.4 million shares in Vietnamese taxi operator Vinasun. The taxi operator was operating a fleet of 5,000 taxis and was mainly Read More

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Relationship between India and S’pore sours further with SGX and NSE abandoning talks
By Correspondent Published on by Correspondent 0

Bloomberg reported yesterday (28 May) that the Singapore Exchange SGX and the Indian National Stock Exchange of India NSE have abandoned talks on a cross-border trading link, amid a bitter court battle that’s soured an 18-year partnership. The companies couldn’t reach consensus on Read More

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Ezbuy raises US$17.6 million in pre-series C funding
By Neyla Zannia Published on by Neyla Zannia 0

ezbuy.sg, Singapore’s first and largest global shopping platform, announced on Thursday (24 May) that they have successfully raised a total of US$17.6 million in Pre-Series C funding. The round of funding was co-led by several venture capitalist firms in the region, including IDG, Ventech, Read More

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Ms Lum blames SG depressed electricity prices for Hyflux’s woes and hopes for sharp rebound in electricity rates
By Correspondent Published on by Correspondent 0

In a public statement yesterday (22 May), Hyflux Chairman and Group CEO Olivia Lum blamed the depressed electricity prices in Singapore for her company’s woes. In particular, Tuaspring, an integrated water and power plant, has been dragging Hyflux’s net profit down. Hyflux posted Read More

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10 million sponsor but StarHub gets shafted by Sports Hub
By The Online Citizen Published on by The Online Citizen 0

Last updated on May 24th, 2018 at 10:34 amWhat was supposed to be an event to bring people of all walks of life together and celebrate the World Cup has now turned into a nightmare for one of the Singapore Sports Hub’s founding Read More

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Deloitte finds millennials’ confidence in business takes a sharp turn
By The Online Citizen Published on by The Online Citizen 0

Following a year marked by significant geopolitical and social change, millennials and Gen Z are sounding the alarm for businesses to step up their efforts to make a positive impact on the broader world, according to Deloitte’s seventh annual Millennial Survey (Full Report/China Read More

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Temasek controlled ST Engineering’s Chinese subsidiary files for bankruptcy after failure to dispose assets
By Neyla Zannia Published on by Neyla Zannia 0

Singapore Technologies Engineering Ltd (ST Engineering) updated on Monday (23 April) that Jiangsu Huatong Kinetics Co., Ltd and Jiangsu Huaran Kinetics Co., Ltd (collectively JHK or the company) have filed a bankruptcy petition to the People’s Court of Dantu District in Zhenjiang, Jiangsu. Read More

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