BandLab Technologies

Singapore's entrepreneurial scene looks less boring with spate of megadeals

SINGAPORE (Nov 30): Back in 2002, as the city-state was emerging from its worst recession since 1964, the government was getting impatient over the economy's disproportionate reliance on multinationals and a handful of globally competitive state-backed firms like Singapore Airlines.

A panel on "entrepreneurship and internationalisation" noted that only 5% of Singaporeans ran their own companies, versus 12% in the US. Then-finance minister and future Prime Minister Lee Hsien Loong vowed to end red tape and allow new structures like limited partnerships.

Rolling Stone's Singapore shareholder wants to buy the magazine

SINGAPORE (Nov 23): The 29-year-old founder of Singapore’s BandLab Technologies said he wants to buy the 51% of Rolling Stone he doesn’t own, adding the world-famous brand to his growing global music business.

Kuok Meng Ru, a member of one of Asia’s richest families, said he’s in talks to take over the magazine after Jann Wenner put his controlling stake up for sale two months ago, relinquishing his hold on the publication he co-founded in San Francisco in 1967.

Jann Wenner to sell 49% of Rolling Stone to Singapore’s BandLab

SINGAPORE (Sept 26): There comes a time when even Jann Wenner needs a little help from his friends.

After a five-decade run full of interviews with pop stars and presidents, the founder of Rolling Stone is selling 49% of the iconic magazine to an Asian billionaire’s son. It’s the first time Wenner has admitted an outside investor, a deal that encapsulates the plight of an industry fighting to stay relevant in an online age. Wenner Media LLC also owns Us Weekly and Men’s Journal.

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