SFF X SWITCH

Alternative meat startups can't slay sacred cows of the food business

MASS market appeal and reasonable pricing are the fundamentals of the food business that alternative meat (alt-meat) startups cannot run away from, said panellists at the Singapore FinTech Festival and Singapore Week of Innovation and TeCHnology (SFF x SWITCH) conference on Wednesday.

SFF X SWITCH

London added to network to link local startups to UK market

ENTERPRISE Singapore (ESG) has added London to its Global Innovation Alliance (GIA) network for startups and SMEs (small and medium-sized enterprises) to connect to the UK market, the government agency announced at the Singapore FinTech Festival and Singapore Week of Innovation and TeCHnology (...

ESG expands GIA network, launches new innovation platform with IMDA

ENTERPRISE Singapore (ESG) has extended its Global Innovation Alliance (GIA) network to London to help startups and SMEs connect to the UK market, the government agency announced in a press release on Wednesday. 

THE THESIS

Rain or shine, there's no stopping StashAway

EVEN as global markets rumble, robo-advisor StashAway can count on its base of "habitual savers" with nerves of steel to ride the volatility.

ST Engineering taps emerging tech to build smarter cities

ARTIFICIAL intelligence, autonomous vehicles (AVs) and smart sensors - these are just a few of the cutting-edge technologies that ST Engineering is making full use of when it comes to the complicated business of building smart cities.

Tickled Media raises 7-figure funding from Mirae Asset, Naver

TICKLED Media, owner of parenting portal theAsianparent, has raised an additional seven-figure sum in Series C funding from the Mirae Asset-Naver New Growth Fund, set up by Mirae Asset Financial Group and Naver Corp.

BT EXCLUSIVE: STARTUPS

Carro eyes digibank licence as vehicle to expand into SME loans

WITH its auto financing business already revving up profits - used car marketplace Carro is now eyeing a wholesale digital banking licence to expand the business.

foodpanda Singapore expands into grocery delivery

FOOD delivery service foodpanda has expanded into delivering grocery items in partnership with some 1,000 retail outlets in Singapore, the company announced in a press statement on Wednesday.

STARTUPS

Jungle eyes S-E Asia's digital enablers with US$240m war chest

FRESH from raising US$240 million for its third fund, Jungle Ventures is on the prowl for South-east Asian startups that meet the region's digitalisation and data privacy needs, the firm's co-founder and managing partner Amit Anand told The Business Times.

BT EXCLUSIVE

Startup IPO jitters spill over into South-east Asia

A REALITY check on mega flotations in the world's biggest stock market is sending ripples through the region's initial public offering (IPO) market for venture-backed startups.

STARTUPS

Spectre of startup downcycle not a downer for Eight Roads

SLOWING economic growth may spell tougher times for startups and limit prospects for venture investors. But Eight Roads Ventures is sanguine, given its focus on startups with resilient business models, said the firm's South-east Asia head, Dave Ng.

Tickled Media names ex-Rocket Internet executive as finance lead

PARENTING portal operator Tickled Media has appointed Jatin Detwani, the former chief financial officer of Rocket Internet JV Asia Pacific, to lead its corporate finance, commercial and strategy function.

honestbee eyes co-working play, beefs up management team

HONESTBEE may be in the thick of rebuilding its fallen house, but it is also eyeing a real estate play. The startup plans to sub-lease about half of its Delta House office space for co-working, pending approval from its landlord.

Sakae mulls independent review of auditors' disclaimer

SAKAE Holdings is considering an independent review of the auditors' disclaimer on its FY2019 financial statements, the mainboard-listed company told the bourse on Friday.

Stamford Land unit wins appeal in Australia for development consent

STAMFORD Property Services, a unit of Stamford Land, has won an appeal against a firm that objected to the Mainboard-listed company's application for consent to redevelop a site.

Acesian Partners issues profit warning for FY2019 results

CATALIST-LISTED Acesian Partners warned on Friday that it expects to make a S$988,000 provision related to legal proceedings in its results for FY2019 ended December. This is expected to hit its bottom line. 

Intraco unit acquires another 20% of KA Group for S$4.8m

INTRACO International Pte Ltd (IIPL), a unit of Mainboard-listed Intraco, has acquired an additional 20 per cent stake in KA Group Holdings for S$4.8 million in cash, due to third parties exercising put options that IIPL had previously granted them. 

Miyoshi guides for loss in FY2019 compared with year-ago profit

ELECTRONIC components manufacturer Miyoshi expects to report a loss for FY2019 ended August, as opposed to its S$1.3 million net profit the previous year. 

Matchmove’s US$295m valuation based on sales: Singapura Finance

SINGAPURA Finance arrived at a US$295 million pre-money valuation of Matchmove based on the startup's current and future sales pipeline, the Mainboard-listed firm told the Singapore Exchange (SGX) on Friday.  

Kori Holdings clinches 4 contracts worth S$68.3m

CONSTRUCTION services firm Kori Holdings has secured four contracts since April worth a collective S$68.3 million, the Catalist-listed firm announced in a bourse filing on Friday. 

Hiap Seng cancels rights issue due to falling share price

MECHANICAL engineering firm Hiap Seng is cancelling its proposed rights issue due to unfavourable market conditions and its deteriorating share price, the Mainboard-listed company said in a bourse filing on Friday. 

Sakae mulls independent review of auditors’ disclaimer, adds new ID

SAKAE Holdings is considering an independent review of the auditors' disclaimer on its FY2019 financial statements, but it was a disagreement over what to do about the disclaimer that led to the resignation of independent director (ID) Foo Maw Shen, the company told the bourse on Friday.

HMI shareholders approve scheme of arrangement for privatisation

HOSPITAL operator Health Management International (HMI) has gained the approval of its shareholders for its joint bid with PanAsia Health Limited to privatise the Mainboard-listed company via a scheme of arrangement. 

Stamford Land unit wins appeal in Australia for development consent

STAMFORD Property Services, a unit of Stamford Land, has won an appeal against a firm that objected to the Mainboard-listed company's application for consent to redevelop a site. 

honestbee makes management changes, eyes co-working play

HONESTBEE has promoted its chief of staff Varian Lim to be its new chief operating officer (COO), the distressed grocery startup announced on Friday.