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Business

Temasek loses at least S$1.2b in 5 months for betting on Bayer

It was reported in Apr this year that German drugmaker Bayer sold 3.6 per cent stake to Singapore’s Temasek Holdings for 3 billion euros at 96.77 euros per share. The money is used as part of Bayer’s plan in a $62.5 billion takeover of seed maker Monsanto. Together with its existing holding in Bayer, Temasek would own about 4 percent …

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5th Edition of SIGEF in Singapore, fostering technology for good and further UN SDGs

Horyou, the social network for social good, and Horyou Foundation is organising its fifth edition of the Social Innovation and Global Ethics Forum, SIGEF, at Suntec, Singapore on September 12-13. SIGEF 2018 is set to bring together a multi-stakeholder audience of investors, a high-level network of business and company executives, government and ministerial representatives, non-profit and international organizations, as well …

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Fifth Social Innovation and Global Ethics Forum to be held in Singapore (12-13 Sept)

Set up in an emblematic innovation hub, the Social Innovation and Global Ethics Forum will debate Fintech and Blockchain, Future Energy, Smart Cities, UN SDGs, Medtech and Impact Investing. The 5th edition of SIGEF, the Social Innovation and Global Ethics Forum, is set up in Singapore on 12-13 September, to coincide with the city state’s ASEAN 2018 Chairmanship and held for the first time in Southeast …

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Singaporeans may look forward to hundreds of job opportunities at Facebook’s upcoming S$1.4bil data centre slated to open in 2022

Starting 2022, Singaporeans may anticipate the opening of “hundreds of jobs” at social media giant Facebook’s first custom-built data centre at Tanjong Kling, formerly Data Centre Park, in all of Asia. According to vice president for Infrastructure Data Centres at Facebook, Mr Thomas Furlong, the construction of the 15th Facebook data centre in the world will give rise to “thousands …

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Bank of Lithuania wins Central Banking’s first Catalyst Award

The Bank of Lithuania has been selected as the winner of the first Catalyst Award in the FinTech & RegTech Global Awards 2018 organised by Central Banking. The award was given in light of the Bank of Lithuania’s activities in the field of innovation and was presented in Singapore, one of the most important global financial centres. According to Central Banking, a journal …

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Grab introduces Hitch Club to reward everyday drivers contributing to a car-lite nation

Grab recently announced the beta launch of Hitch Club, the first-of-its-kind rewards program for everyday drivers in Singapore. As part of Grab’s ongoing commitment to support drivers on its platform, Hitch Club will bring about greater benefits for GrabHitch drivers through app features such as no-show guarantees and other merchant deals. Now, GrabHitch drivers will not only cover some of …

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Naver Corp, South Korea’s leading Search Engine and parent company of mobile messenger app, LINE, invests in iPrice Group

iPrice Group, Southeast Asia’s leading product discovery and comparison platform, has extended its latest funding round to welcome Naver as their latest investor. iPrice is Southeast Asia’s leading product discovery and comparison platform, connecting consumers with hundreds of e-commerce merchants through the best possible shopping experience. Since October 2014, the platform has established itself as the fastest growing in its …

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