Singapore

Singapore-based Welovesupermom has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand. (Source photo from Supermom website)
DealStreetAsia

Singapore parenting platform Welovesupermom bags $6m in funding

Company offers price comparisons and hosts parent communities

11 January 2023
Olam last year sold a 35.4% stake in its agribusiness arm to Saudi Agricultural & Livestock Investment, which had valued Olam Agri at $3.5 billion.
Commodities

Olam plans Singapore, Saudi Arabia dual IPO of agricultural arm

Temasek-backed commodity trader hopes to list subsidiary in first half of 2023

10 January 2023
LionsBot's robots can clean large public areas and can be controlled remotely. (Source photo from LionsBot Facebook page)
DealStreetAsia

Singapore robotics company LionsBot lands $17m in Series A round

Startup develops cleaning robots for commercial applications

10 January 2023
Vietnam has recently emerged from strict COVID-19 lockdowns in the wake of the pandemic.
DealStreetAsia

Vietnam private equity company ABB seeks $100m for 2nd fund

Plans to back small and midsize enterprises in nation's growing economy

4 January 2023
Oi-Yee Choo, CEO of ADDX, is the former Singapore investment banking head of UBS. (Photo courtesy of the company)
Finance

Singapore's private exchange ADDX serves untapped Asian assets

SGX-backed startup wins 2022 Nikkei award for widening access to 'elite' investment

4 January 2023
Singapore's growth is slowing as external demand weakens and geopolitical headwinds build.
Economy

Singapore's GDP growth slows to 3.8% in 2022

City-state beats forecast but braces for further deceleration as exports slump

3 January 2023
Cryptocurrency prices versus the dollar in Hong Kong on Dec. 21. After reaching record highs late in 2021, cryptocurrencies had a harsh 2022.
Business Spotlight

'Crypto winter' to 'ice age'? What 2023 holds for digital assets

After a year of turbulence, exchanges and investors hope for an eventual rebound

30 December 2022
The skyline of Mumbai's financial district. India is expected to see some of the region's biggest pay raises next year.
Inflation

Asia's wage hikes to accelerate in 2023

Surveys show pay raises likely to beat price rises as employers eye retention

28 December 2022
Beverages have been targeted because more than half of Singaporeans’ average 60-gram daily intake of sugar comes from beverages. (Photo by Mayuko Tani)
Food & Beverage

Singapore tightens regulations on sweet drinks to tackle diabetes

Measures include ban on ads for products with highest levels of sugar

27 December 2022
From China to Singapore, banks in Asia have had a tumultuous year, with some soaring and others under pressure. (Source photos by AP and Getty Images) 
Business Spotlight

Asia's rising interest rates boost banks -- but risks grow for 2023

Lenders in Japan and China lag peers enjoying fatter borrowing margins

23 December 2022
BetterPlace offers companies a single software system to manage their front-line workforces. (Source images from Better Place Facebook page)
DealStreetAsia

Indian human resources tech startup BetterPlace raises $40m

Company will use funds to boost AI capability, strengthen other technology

21 December 2022
Gautam Godhwani, managing partner of Good Startup, says Singapore has done a good job establishing itself as a regional leader in the alternative protein sector. (Source photos from Good Startup)
DealStreetAsia

Singapore firm targets bigger fund to invest in alternative proteins

Good Startup plans to pour up to $10m into emerging sector in 2023

19 December 2022
Tighter financial conditions are raising borrowing costs, which is starting to depress housing demand in Asia, according to a recent study by the International Monetary Fund.
Property

From Hong Kong to Malaysia, property markets set to decline: IMF

Shift in interest rate cycle creates 'downside risks', organization says

15 December 2022
Hutchison Port, whose flagship terminals include Hongkong International Terminals in the Port of Hong Kong, owns over 290 terminals in more than 50 ports around the world.
Caixin

Singapore mulls dumping 20% stake in CK Hutchison's port business

State-controlled PSA reviews portfolio as Hong Kong cargo volumes decline

15 December 2022
Morgan Stanley predicts the global urban air mobility market will grow 30% annually between 2021 and 2040, reaching $1.5 trillion by 2040.
DealStreetAsia

India's Bumble Bee raises $37m to make autonomous air taxis

Bengaluru-based startup plans to launch prototype in April

14 December 2022
Singapore Airlines and India's Tata Sons announced the merger of Air India and Vistara, with the city-state's flagship carrier investing $250 million in Air India.
Transportation

From Singapore to Japan, Asian airlines rush to ramp up routes

SIA inks deals as rivals like JAL and AirAsia expand flights despite risks

13 December 2022
Stream article image
12 December 2022
Upside Foods' cultivated chicken sandwich: Such manufactured meats use up to 95% less land and 78% less water than the conventional version. (Handout photo from Upside Foods)
Opinion

Skill shortage threatens Asia's 'future food' ambitions

Region lacks adequate training programs for alternative protein production

11 December 2022
ShopBack offers cashback, other rewards for a variety of brands. (Screenshot from ShopBack website)
DealStreetAsia

Singapore's ShopBack bags $30m from Australia's Westpac

Cashback platform has been bolstering its leadership team

9 December 2022
From late 2024 at the earliest, new rules in Singapore will require ride-hailing and food delivery companies to contribute to social security savings schemes for their workers.
Technology

Singapore's gig economy braces for 'complex' safety net rules

ASEAN's first protections for platform workers have regional implications

8 December 2022
Osome is looking to use its fresh funds to expand its operations across Singapore and Hong Kong. (Source image from Osome website)
DealStreetAsia

Singapore-based financial admin startup Osome raises $25m

Company digitizes accounting and compliance services for SMEs

7 December 2022
Broom provides financing for auto dealers who offer their used-car inventory as collateral. (Screenshot from Broom website)
DealStreetAsia

Indonesia auto-finance startup Broom lines up new funding

Company provides short-term loans for car dealers

2 December 2022
Aqua-Spark is an investment fund that targets sustainable aquaculture businesses around the world. (Source photo from Aqua-Spark website)
DealStreetAsia

Singapore's Silverstrand invests $15.5m in Dutch aquaculture fund

Established in 2013, Netherlands-based Aqua-Spark focuses on SMEs

1 December 2022
Singapore's Temasek has faced questions over the nature of its due diligence on FTX after it took a $275 million write-down on the exposure. (Source photos by Reuters)
Cryptocurrencies

Singapore's Temasek to review FTX crypto deal after $275m hit

City-state's finance minister admits reputational damage for state investor

30 November 2022
A participant at Pink Dot, an annual event organized in support of the LGBT community in Singapore, poses during the 2019 edition.
Politics

Singapore's parliament strikes down ban on gay sex

Legislators repeal controversial law but move to cement traditional marriage

29 November 2022