Business

GIC picks up Singtel’s tab sinking S$1b into “junk-rated” Indian telecom company

Last Thu (7 Mar), Bloomberg published a news article revealing that Singapore’s GIC will be investing Rs5,000 crore (S$972 million) into the troubled India’s second largest telecom company, Bharti Airtel Ltd. About a week ago, Bharti Airtel decided to announce plans to raise nearly Rs32,000 crore (S$6.2 billion) through a combination of rights issue and perpetual bonds. Bharti Airtel was …

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Facebook partners with Girls in Tech to support female entrepreneurs in Singapore

In conjunction with International Women’s Day, Facebook has released its latest Future of Business report – one of the widest, most global surveys of SMBs ever conducted. The survey found that funding remains one of the biggest challenges for women entrepreneurs. In Singapore, over 4 in 10 women business owners on Facebook started their business with personal savings and only …

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Délifrance Singapore retail outlets are now halal-certified island-wide

It has been over 30 years since the French café chain Délifrance first set foot in Singapore. From the day their first outlet was opened in Clifford back in 27 March 1985, Délifrance Singapore has carried down the Parisian charm of delectable French bakeries serving authentic French pastries to this day. Their commitment to maintaining the authenticity of French pastries …

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Demystifying Grab subscription plans with numbers: Complete guide to picking best one for you

by ValueChampion Instead of just regurgitating information on Grab’s own website, we crunched the numbers to see how different consumers can maximise the savings from Grab’s new subscription offerings depending on their individual needs and spending habits. Grab’s new subscription plans have been making headlines everywhere, and at first glance they seem to be all quite valuable. Costing anywhere from S$7.99 …

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Global landscape of ride hailing apps: Is the dust settling?

by ValueChampion Several ridesharing companies around the world are planning to list their stocks publicly in 2019. But how are they actually faring, and do they have a chance at becoming profitable? We analysed their download rankings and market conditions to assess the situation. Ridesharing companies are starting to come to the public market in 2019. With Lyft planning an IPO in …

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How Budget 2019 Affects SMEs in Singapore

In one of the most anticipated announcement in parliament this month, Finance minister Heng Swee Keat delivered the Budget 2019 on 18 February. Most Singaporeans have digested the various policy announcements by now. In this article, we’ll touch on the Budget’s impact to local SMEs. Of note is the launch of Scale-up SG by Enterprise Singapore. This program will include …

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Temasek Holdings among other “big-ticket investors” to “lose millions of dollars of investments” following proptech startup Iwjw’s liquidation: China Money Network

Singapore’s government-owned Temasek Holdings is one of several blue-chip investors on the verge of losing “hundreds of millions of dollars” in the aftermath of Shanghai-based residential property tech startup Ai Wu Ji Wu (Iwjw)’s liquidation. Tech and venture capital markets data intelligence platform China Money Network reported on Wednesday (27 Feb) that the Chinese startup had “reportedly gone into liquidation …

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Rapid electricity tariff hikes: Protective measure for ‘gencos’ due to low demand and overcapacity?

The demand in Singapore’s electricity generation sector “has weakened” as “more industrial users pursue energy efficiency” such as solar power, in addition to a slowdown in Singapore’s economic growth, reported The Business Times in Apr last year. While Singapore’s power generation sector presently has a total capacity of 13,350 MW, the highest demand averaged only 7,000 MW up to Mar 2017. …

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