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Business

Three ways startups in Singapore should assess different financing options

by ValuePenguin Life of an entrepreneur is a constant struggle between bliss and misery. Sometimes, startup founders are exuberant about the latest milestones they achieved; in other times, they find themselves in a constant state of panic as they are trying to solve another problem that might just end their venture. One of the most difficult and painful problems to …

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Konica Minolta provides enterprise content management solution to Singapore government

Konica Minolta Business Solutions Asia has been awarded a $400,000 contract to implement Enterprise Content Management Solution for a government agency to improve operational efficiency. The announcement comes as the government continues to boost Singapore's efforts towards a more digitally integrated society. Earlier this year, Singapore was ranked first in the Asian Digital Transformation Index, excelling in digital infrastructure and …

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Comfort DelGro and Uber enter strategic agreement to form joint venture

ComfortDelGro Corporation Limited and Uber Technologies, Inc. have announced that they have entered into a strategic agreement to form a joint venture. Under the agreement, which is subject to regulatory approval, ComfortDelGro stated that it will acquire a 51-percent-stake in Uber’s wholly-owned car rental subsidiary in Singapore, Lion City Holdings Pte Ltd. The latter, in turn, operates Lion City Rentals (LCR) …

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Peter Ong appointed as Chairman-Designate of Enterprise Singapore

The Ministry of Trade and Industry (MTI) has announced the appointment of Mr Peter Ong Boon Kwee as Chairman-Designate of Enterprise Singapore on Wednesday (10 January). It added that Mr Ong’s appointment follows the first reading of the Enterprise Singapore Board Bill in Parliament on 8 January 2018, which replaces the International Enterprise (IE) Singapore Board Act and SPRING Singapore …

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REITS are killing us with high business costs

Shopping Centre interior

by Ryan Ong REITS and high business costs are intricately linked, this is real. Just ask the many retail shop operators or food court stalls owners who suffer under one of the few major REITs operator, they will tell you. REITs are pushing the cost of shopper experience to the shop operators and mandating renovation to their specifications at the …

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NBA and Fanatics partner to launch official online NBA stores accross Asia-Pasific

The National Basketball Association (NBA) and Fanatics, the global e-commerce leader in sports merchandise, today announced a partnership to launch official online NBA stores across Asia-Pacific. This partnership expands on the NBA’s existing relationship with Fanatics, which currently operates the flagship NBA Store in New York City, NBAStore.com, the league’s global e-commerce site, and NBAStore.eu, the official online NBA store …

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llaollao has its 29 establishments in Singapore closed by its local partner

Spanish frozen yogurt chain llaollao has announced on its Facebook page that the company with which it has been developing its brand in Singapore has unilaterally decided to close all the establishments in the country and reopen them under the Yolé Frozen Yogurt brand. It wrote that the closing of the 29 establishments in Singapore is very disappointing after so …

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Sibor Reform – Impact on Home Loans: Interview with 938 NOW

Sibor Chart

Association of Banks of Singapore (ABS) and Singapore Foreign Exchange  Market Committee (SFEMC) proposals to improve the robustness of the market benchmarks and is calling for industry consultations and suggestions for improving the Sibor calculation methodology and scrapping the Sibor (12 month) due to lack of sufficient trading volume. Part of the reason for this review is due historically to …

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Chinese signal their intent to bid for the Singapore – Kuala Lumpur high-speed rail (HSR) project

China's state planning commission earlier held a forum in Singapore on Friday (Nov 17) where the Chinese signal their intent to bid for the Singapore - Kuala Lumpur high-speed rail (HSR) project. The symposium at Shangri-La Hotel held by China's National Development and Reform Commission (NDRC) was intended to promote the country's expertise in high-speed trains. Representatives of Singapore's Ministry of …

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