Thursday, June 24, 2021
The public listings for two of Southeast Asia’s tech giants will likely pave the way for more high-growth businesses to emerge from the region, said venture capital firm 500 Startups. Contrary to concerns that regional heavyweights may “gobble up” smaller start-ups and stymie innovation, Vishal Harnal told CNBC that “couldn’t be...
Singapore, a regional hub for technology firms, will change its tax system as needed once there is a global consensus, its finance minister said on Tuesday, after the world's rich nations agreed there should be a minimum corporate tax rate of 15%. Singapore, a low-tax jurisdiction where several multinationals including...
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan's economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain's joining process after hosting...
Singapore announced S$800 million ($605 million) in additional support for businesses and individuals affected by restrictions imposed this month as it confronts a recent uptick in Covid-19 cases. The measures include wage subsidies and rental relief for sectors particularly affected such as food and beverage as well as retail, the...
Singapore’s economy expanded more than first thought in the first quarter and the government maintained its growth forecast for the year, but struck a cautious note about recovery due to uncertainties from the COVID-19 pandemic. Gross domestic product (GDP) grew 1.3% year-on-year in the first quarter, the Ministry of Trade...
An easy-to-use breath test that can accurately detect COVID-19 within a minute has received provisional authorisation from Singapore’s Health Sciences Authority (HSA). Developed by Breathonix Pte Ltd, a spin-off company from the National University of Singapore (NUS), the BreFence Go COVID-19 Breath Test System is the first breath analysis...
Yes, they are rich, they have a GDP per capita of stunning $65,000 USD, and yes you can even call them crazy rich. From an underdeveloped to a high income country, Singapore has grown exceptionally. The interesting thing here is, they did it all without any proper resources. Well, how did they...
BioNTech plans to set up a regional centre and a new factory in Singapore for its vaccines, it said on Monday, boosting its presence in Asia as a debate over patents rages and pressure grows on drug-makers to raise output of COVID-19 shots. Governments are looking to build up local...
Hong Kong and Singapore have announced a start to their highly anticipated two-way air travel bubble. Flights under the agreement – which allows people to travel quarantine free between the financial hubs – will begin from May 26. The number of flights will be increased by June 26 if there...
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted US listing. The merger, the biggest blank-check company deal ever, underscores the...
Singapore’s Deputy Prime Minister Heng Swee Keat will step aside as the designated successor to current premier Lee Hsien Loong, in an unexpected decision that disrupts the city-state’s succession plans. “We need a leader who will not only rebuild Singapore post-COVID-19, but also lead the next phase of our nation-building...
Malaysia and Singapore are working toward reciprocal vaccination certification as the Southeast Asian neighbors plan to restore cross-border travel. Operational details, including the application process involved for entry and exit between the two nations will be discussed further, Singapore Foreign Minister Vivian Balakrishnan and his Malaysian counterpart Dato' Seri Hishammudin...

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