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2025-04-10 05:26:51 -

Airwallex reports triple-digit full year revenue growth in Singapore for 2024
Airwallex, the global payments and financial platform, has on Wednesday reported strong FY2024 performance in Singapore. The firm said in a statement that its FY2024 revenue in Singapore more than doubled, growing 153 percent year-on-year, fueled by strong transaction volumes and a standout fourth quarter. “2024 marked a new phase of growth for us in Singapore and across the region,...

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2025-02-12 20:25:05 -

Amazon unveils new Singapore office as AWS Asia Pacific Hub
American multinational technology company Amazon has continued to expand its presence in Singapore with a new corporate office at IOI Central Boulevard. The firm said in a statement on Wednesday that the new Amazon Web Services (AWS) Asia Pacific Hub is designed to optimize agile working, learning, and collaboration as AWS continues to grow its business, operations, and investments in...

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2025-02-13 13:48:43 -

Aura Private Equity leads $28.5M investment into Singapore’s Global Incentive Solutions
Aura Private Equity has on Thursday announced a AU$28.5 million ($18 million) investment into Singapore-based Global Incentive Solutions, the parent company of Giftaway, a business with capabilities in digital rewards and incentives in the Philippines. Aura Private Equity said in a statement that this investment, made in collaboration with its co-investors, will fuel Giftaway’s growth as...

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2025-01-10 13:14:51 -

China’s XTransfer receives license to provide payment services in Singapore
XTransfer, a China-based business to business (B2B) cross-border trade payment platform, was granted the major payment institution (MPI) license by the Monetary Authority of Singapore (MAS) to offer payment services in the country. XTransfer said in a statement on Friday that this significant milestone strengthens the firm’s leading position in the B2B cross-border payments industry....

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2025-02-06 05:47:58 -

Coastal Sustainability Alliance launches Singapore’s largest electric supply boat
The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has on Wednesday launched its first fully electric supply boat (e-supply boat) from shipyard to water and keel lay of its first fully electric tug at PaxOcean Batam. The alliance said in a statement that the launch underscores CSA’s commitment to accelerating maritime...

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2025-04-03 06:48:58 -

Crypto.com partners with Sony Electronics for direct crypto payment in Singapore
Singapore-based cryptocurrency exchange company Crypto.com and electronic equipment firm Sony Electronics (Singapore) Pte. Ltd. (SES) have on Wednesday announced the acceptance of USDC, a U.S. dollar-pegged stablecoin, exclusively on Sony Store Online in a move to make direct crypto payment accessible to SES’ consumers. The duo said in a statement that the integration of cryptocurrency...

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2025-04-03 12:43:36 -

Cyber risk is business risk: Five tips for business leaders in Singapore to consider
In today’s turbulent business and geopolitical landscape, executives in Asia Pacific are juggling growth, efficiency, and resilience while navigating shifting trade policies and economic uncertainty. These pressures are driving up costs, complicating global supply chains, and limiting market access. Yet, amid this high-stakes environment, one critical element is too often overlooked:...

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2025-04-03 06:56:24 -

Grab gets license to operate taxis in Singapore
Southeast Asia’s superapp Grab has obtained the Land Transport Authority (LTA) license to operate taxis in Singapore. LTA said in a statement on Wednesday that it has awarded a street-hail service operator license (SSOL) to GrabCab Pte Ltd (GrabCab), a subsidiary of Grab Rentals Pte Ltd, and sister company of GrabCar Pte Ltd, which holds a ride-hail service operator license (RSOL) and a...

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2025-04-04 13:25:54 -

Li Ka Shing Foundation, Temasek Trust jointly commit $9M to acquire systems and advance clinical trial for innovative histotripsy cancer therapy in Singapore
The Li Ka Shing Foundation (LKSF) and Temasek Trust (TT) have committed S$12 million ($8.99 million) to bring innovative non-invasive ultrasound-based histotripsy tumor clinical trials to Singapore. The duo said in a statement on Friday that the National Cancer Centre Singapore (NCCS) and the National University Cancer Institute, Singapore (NCIS) will each receive one Histotripsy System...

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2025-02-12 04:27:14 -

Life Science Incubator unveils Singapore’s largest co-working laboratory at Elementum
Life Science Incubator (LSI) has officially launched the largest co-working laboratory in Singapore at Elementum, located in JTC’s one-north business park. This launch further strengthens Singapore’s prominence as a premier life sciences hub in Asia Pacific, LSI said in a statement on Monday. As Singapore continues to be a preferred destination for biotech, MedTech, and...

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2025-01-08 13:13:55 -

Malaysia announces tax incentives for Johor-Singapore Special Economic Zone
Malaysia has on Wednesday announced tax incentives for Johor-Singapore Special Economic Zone (JS-SEZ) to drive high value investment into Johor. The Ministry of Finance (MOF) said in a statement that effective January 1, 2025, investors in the JS-SEZ are eligible for a suite of incentives, including special corporate tax rate for companies undertaking new investment in qualifying manufacturing...

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2025-03-24 03:04:14 -

NTT DATA commissions Malaysia, India, Singapore Transit subsea cable
NTT DATA, a Japan-based digital business and technology services firm, announced Monday the commissioning of its Malaysia, India, Singapore Transit (MIST) submarine cable system by June 2025. NTT DATA said in a statement that the MIST is an 8,100-kilometer cable that can carry over 200 terabits per second (Tbps). It is one of the largest cables in Asia, and will connect Malaysia, India,...

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2025-04-01 09:35:13 -

UMC unveils new fab expansion in Singapore
United Microelectronics Corporation (UMC), a global semiconductor foundry, has officially unveiled its new fab facility in Singapore in a grand opening ceremony. The firm said in a statement on Tuesday that the first phase of the new facility will start volume production in 2026, bringing UMC’s total production capacity in Singapore to more than 1 million wafers annually. It will also...

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