The merger of Vertex Technology Acquisition Corp. and 17Live is expected by next January. (Nikkei montage/Source photo by Tsubasa Suruga and screenshot from 17 Live's website) 
Business deals

Streaming app 17Live set to be Singapore's 1st SPAC merger

Vertex-backed shell company to acquire Taiwan-founded tech startup

2 October 2023
A port along the Chao Phraya River in Bangkok: Lackluster exports are dragging down Thailand's economic forecast.
Economy

Malaysia and Thailand GDP outlooks cut as China slows: JCER

Economists also warn that El Nino's swelter will impact India and Indonesia

29 September 2023
Automera, launched on Wednesday, is a biotechnology company focusing on development of autophagy-targeting chimera small molecules. (Screenshot from Automera's website)
DealStreetAsia

Singapore biotech startup Automera raises $16m

Series A round co-led by U.S. company and Temasek-backed ClavystBio

28 September 2023
Grab Holdings aims to focus its financial services business on GrabPay, insurance and lending.(Screenshot from Grab Holdings' website) 
DealStreetAsia

Singapore's Grab closes GrabInvest, related investment products

Decision comes as part of efforts to streamline financial services

27 September 2023
Grand finalists of the Lee Kuan Yew Global Business Plan Competition held in Singapore. (Photo courtesy of Singapore Management University)
Comment

Singapore attracts Western early-stage startups despite funding winter

New collaborations may appear as entrepreneurs seek early ties with Asia

26 September 2023
An atmosphere of caution has made its presence felt among property equities in Asia as a state of depression sinks in. (Nikkei montage/Source photo by Reuters) 
Market Spotlight

China property crisis holds Singapore, Hong Kong REITs back

Asia's real estate shares suffer doldrums as investors tread cautiously

25 September 2023
Travelers at Singapore's Changi Airport, which plans to introduce "passport-free" immigration clearance next year.
Travel & Leisure

Singapore airport to introduce 'passport-free' departure in 2024

City-state taps biometrics as Hong Kong, Japan also implement smooth procedures

24 September 2023
In the Asia-Pacific region, TikTok has been downloaded about two billion times, while Snapchat's numbers are about half that. (Nikkei montage/Source photos by Reuters and EPA/Jiji)
Technology

TikTok's rise in ASEAN spells trouble for U.S. rival Snapchat

American short-video app's parent works to stay relevant in region with social commerce

22 September 2023
Wind farms in southern Vietnam have the potential to generate 600 gigawatts of power, according to one estimate. (Photo obtained by Nikkei)
Energy

Singapore energy appetite fuels ASEAN's renewable power grid

Network taps Laos hydropower, solar and wind energy from Indonesia and Vietnam

20 September 2023
China's financial regulator approved the newly established state-owned vehicle to acquire China Evergrande Group's insurance arm, which was originally a model Sino-Singaporean joint venture for the "Great Western Development" strategy.
China debt crunch

Evergrande's life insurance arm taken over by new state-owned vehicle

Former poster child for China's inland development shifting to coastal city

16 September 2023
Founded in 2018, Novelship recently collaborated with American rapper Snoop Dogg to expand its collection and has also launched its own branded T-shirts, socks, shoelaces and shoe sole protectors. (Photo by Ken Kobayashi)
DealStreetAsia

Singapore sneaker marketplace Novelship bags $9.5m

Series B funding round led by VC firms in city-state, Indonesia and China

15 September 2023
Three Arrows Capital ran into difficulty after cryptocurrency prices plunged in 2022.
Cryptocurrencies

Singapore bans founders of Three Arrows crypto hedge fund

Zhu Su and Kyle Davis barred from capital market participation for nine years

14 September 2023
Tharman Shanmugaratnam gestures to supporters after presidential election polling concluded in Singapore on Sept 1. An expert says Tharman's victory does not equal voter satisfaction with the long-ruling party.
Politics

Singapore President-elect Tharman shifts PM Lee's succession into gear

Ex-deputy PM can be expected to benefit ruling party's 'political theater'

12 September 2023
From left: Vertex Ventures Southeast Asia and India Managing Partner Chua Kee Lock, Managing Partner Chua Joo Hock, General Partner Carmen Yuen and Managing Partner Ben Mathias. (Photo by Tsubasa Suruga)
Startups

Singapore's Vertex closes $541m ASEAN, India fund amid tech dip

New vehicle includes dedicated co-investment capital for female founders

12 September 2023
Ride-hailing companies are introducing more electric motorcycles in Indonesian capital Jakarta, with a government target of having 9 million e-bikes on the road by 2030. (Photo by Nana Shibata)
Automobiles

Indonesia's Gojek to replace all gasoline-powered two-wheelers by 2030

Services using electric motorcycles expand in Southeast Asia

9 September 2023
In July, PSA invested in the German port of Duisburg, buying a 22% stake in Duisburg Gateway Terminal (DGT), which is intended to be Europe’s first 100% climate-neutral inland container terminal when it becomes operational in 2024.
Transportation

Singapore's PSA sees EU Green Deal as growth opportunity

Port operator invests in Europe amid sluggish container shipping growth

5 September 2023
Singapore's tourism sector is rebounding from the COVID-19 pandemic. (Photo by Fumika Sato)
Work

Singapore opens door wider to foreign workers at hotels, restaurants

Work permit eligibility expanded to those from India, Philippines and 4 other nations

5 September 2023
The Monetary Authority of Singapore's headquarters: The city-state's central bank has appointed a new chief for the first time in more than a decade.
Economy

Singapore central bank names first new chief in over a decade

Managing Director Ravi Menon to retire, making way for civil servant Chia Der Jiun

4 September 2023
Temasek CEO Dilhan Pillay Sandrasegara says Southeast Asian countries should develop a "digital single market and a unified capital market" to boost technology company growth. (File photo by Reuters) 
Technology

ASEAN needs digital single market to spur decacorns: Temasek CEO

Tech companies to see 'clearer exit pathways' from macroeconomy headwinds

3 September 2023
Singapore's President-elect Tharman Shanmugaratnam greets supporters on Friday. Tharman won in a landslide with 70.4% of votes.
Politics

Singapore's Tharman clinches presidential election

Ruling party sees its former senior minister win over 70% of votes

2 September 2023
A molecular diagnostic laboratory in Singapore operated by Mirxes, a Singapore-headquartered company that has developed the world's first molecular blood test for the early detection of gastric cancer. Mitsui & Co. invested as a shareholder in the company's latest fundraising round. (Courtesy of Mirxes)
Pharmaceuticals

Mitsui to expand health startup investment with focus on ASEAN

Trading house plans fivefold funding rise, sees technology as solution

1 September 2023
From left: Singapore presidential candidates Tan Kin Lian, Tharman Shanmugaratnam and Ng Kok Song (Photos by Tsubasa Suruga)
Politics

Singapore presidential election in final stretch: 5 things to know

Candidates for largely ceremonial post are all former finance gurus

31 August 2023
Singapore-based Princeton Digital Group is building new data centers in Malaysia and Indonesia. (Image courtesy of PDG)
Technology

Singapore data centers look to Malaysia, Indonesia to satisfy demand

Less space, more environment issues push operators into neighbor nations

31 August 2023
Don Don Donki has made its mark on Asia's retail sector with cheap products imported straight from Japan. (Photo by Ryo Asayama)
Retail

Don Quijote spearheads Japan's discount store boom in Asia

Aeon and Kobe Bussan also look to expand in region

31 August 2023
Tam Hock Chuan, Vertex Growth's general partner, said Japan has "untapped" potential in the area of software-as-a-service. (Nikkei montage/Source photos by Tsubasa Suruga and Vertex Growth Fund)
Startups

Singapore's Vertex Growth eyes Japan's cloud software sector

General partner sees future in country awash with 'legacy' systems

30 August 2023