Bukalapak co-founder appointed as chairman of Telkom Indonesia's venture arm

THE co-founder of Indonesian e-commerce unicorn Bukalapak, Fajrin Rasyid, has been appointed as chairman of Telkom Indonesia's corporate venture capital arm MDI Ventures.

ComfortDelGro books H1 loss of S$6m, no interim dividend declared

WEAK ridership during the pandemic dragged transport operator ComfortDelGro into the red for the half-year ended June 30, 2020. The group chalked up a net loss of S$6 million against a net profit of S$146.3 million a year ago.

Halcyon Agri posts US$40.4m net loss for H1

NATURAL rubber supplier Halcyon Agri Corp posted a net loss of US$40.4 million for the half-year ended June 30, 2020, widening from a loss of US$3.4 million a year ago.

Mapletree Industrial Trust to divest data centre for S$125m

MAPLETREE Industrial Trust (MIT) has agreed to sell a data centre located at 26A Ayer Rajah Crescent, Singapore to Equinix Singapore at a proposed price of S$125 million. Equinix had exercised its purchase option that was within the 2015 lease agreement it had with MIT.

Kris Wiluan steps down from KS Energy, son takes over as CEO and chairman

INDONESIAN tycoon Kris Wiluan, who is facing 112 charges for alleged market rigging and false trading, has resigned as chairman, chief executive and director of offshore and marine firm KS Energy.

SGX RegCo reports accounting irregularities in Vibrant unit Blackgold to authorities

THE Singapore Exchange Regulation (SGX RegCo) has reported accounting irregularities in Vibrant Group's subsidiary Blackgold International Holdings to relevant authorities. It also now requires SGX-listed companies to consult it before appointing any Blackgold management as a director or key...

ComfortDelGro books H1 loss of S$6m, no interim dividend declared

WEAK ridership during the pandemic dragged transport operator ComfortDelGro into the red for the half-year ended June 30, 2020. The group chalked up a net loss of S$6 million against a net profit of S$146.3 million a year ago.

Bukalapak co-founder appointed as chairman of Telkom Indonesia's venture arm

THE co-founder of Indonesian e-commerce unicorn Bukalapak, Fajrin Rasyid, has been appointed as chairman of Telkom Indonesia's corporate venture capital arm MDI Ventures.

E-commerce tech firm Anchanto raises S$16.6m in ongoing Series C round

ANCHANTO, a startup specialising in technology for the e-commerce sector, has raised S$16.6 million in its ongoing Series C round.

Ho Bee Land's net profit up 115% on increased profits from associates

MAINBOARD-LISTED developer Ho Bee Land's net profit for the half-year ended June 30 was up 115.4 per cent at S$90.6 million on the back of increased profits from associates and jointly-controlled entities.

SBS Transit's H1 net profit falls 27.4% on lower ridership

TRANSPORT operator SBS Transit posted a 27.4 per cent fall in net profit to S$32.6 million for the half-year ended June 30, as the use of public transport declined during the pandemic.

UMS Q2 net profit up 43%, proposes one Singapore cent interim dividend

A BOOST in semiconductor sales lifted precision engineering firm UMS Holdings' net profit by 43 per cent to S$11.6 million for the second quarter ended June 30, 2020.

Rex posts H1 net loss of US$21m after oil production in Oman

REX International on Thursday posted a net loss of US$21 million for the half-year ended June 30, 2020, compared with a net profit of US$22.6 million a year ago.

Synagie reverses from loss to post S$4.1m H1 profit on higher e-commerce activity

SYNAGIE Corporation has posted its first net profit since its initial public offering in August 2018 as a result of a surge in e-commerce activity during the Covid-19 pandemic. The company was S$4.1 million in the black for the half-year ended June 30, 2020, reversing from a loss of S$3.7...

SBS Transit's H1 net profit down 27.4% on lower ridership

TRANSPORT operator SBS Transit posted a 27.4 per cent fall in net profit to S$32.6 million for the half-year ended June 30, 2020 as the use of public transport declined during the pandemic.

UMS posts 43% rise in Q2 net profit, proposes one Singapore cent interim dividend

A BOOST in semiconductor sales lifted precision engineering firm UMS Holdings' net profit by 43 per cent to S$11.6 million for the second quarter ended June 30, 2020.

Ho Bee Land's net profit up 115% on increased profits from associates

MAINBOARD-LISTED developer Ho Bee Land's net profit for the half-year ended June 30, 2020 was up 115.4 per cent to S$90.6 million on the back of increased profits from associates and jointly-controlled entities.

Agritech startup eFishery bags Series B funding led by Go-Ventures and Northstar

INDONESIA-BASED agritech startup eFishery has raised an undisclosed amount in a Series B round co-led by private equity firm Northstar Group and Go-Ventures, a venture capital (VC) fund that has Gojek as its cornerstone investor.

GARAGE

Impossible Foods eyes retail sales for further growth in Singapore

IMPOSSIBLE Foods, the maker of the realistic-tasting plant-based beef patty, is gunning for retail sales in Singapore to accelerate its growth.

Aruna raises US$5.5m from East Ventures, AC Ventures and Sinar Mas' SMDV

ARUNA, a startup operating in the marine and fisheries industry, has raised US$5.5 million in a Series A round from venture capital firms East Ventures and AC Ventures, and SMDV, the venture arm of Sinar Mas. The investors are existing backers of the startup.

Invoice trading platform Incomlend raises US$20m, led by Sequoia

INCOMLEND, an online invoice trading platform, has raised US$20 million in a Series A round led by Sequoia India. Shipping and logistics firm CMA CGM Group, which is an existing partner of the startup, also participated in the round.

VIRUS OUTBREAK

Food ordering startup Eatsy shutters operations

EATSY, a Singapore-based restaurant ordering and payment startup, has fully ceased operations.

BT EXCLUSIVE

Food ordering startup Eatsy shutters operations

EATSY, a Singapore-based restaurant ordering and payment startup, has fully ceased operations.

VIRUS OUTBREAK

Most building projects to resume by end of next month amid new protocols

THE vast majority of migrant workers residing in dormitories will be able to resume work by mid to late August, with most built projects to restart by the end of next month.

JustCo to open two co-working centres in Singapore

JUSTCO's new co-working centres at OCBC Centre East and The Centrepoint will be able to house over 2,000 members when they open in August and October respectively.