collaboration

SGX inks MoU with New Zealand Stock Exchange to cooperate in Asia Pacific markets
SINGAPORE (Mar 7): The Singapore Exchange (SGX) has signed a memorandum of understanding (MoU) with the New Zealand Stock Exchange, NZX Limited, to expand cooperation in Asia Pacific markets. Under the terms of the MoU, both NZX and SGX will promote market development initiatives across a range of areas including the promotion of derivatives products, dual and secondary listings, exchange ...
Singapore Exchange seeks to defuse tensions over National Stock Exchange of India in futures dispute
SINGAPORE (Feb 12): Singapore Exchange extended an olive branch to its counterpart in India as it sought to defuse escalating tensions that threaten to kill an 18-year licensing partnership. SGX will work with the National Stock Exchange of India “toward solutions for global investors,” according to a statement on Sunday. It also noted that the two companies’ partnership goes back ...
Grab partners Samsung to drive digital inclusion in Southeast Asia
SINGAPORE (Feb 1): Grab and Samsung Electronics today announced that they have signed a multi-year memorandum of understanding (MOU) to drive digital inclusion in Southeast Asia. The two companies will work together on initiatives that will bring the benefits of technology, such as enhanced customer experiences and improved income opportunities, to consumers and Grab driver-partners across the ...
Keppel signs MoU with IoT platform provider Envision
SINGAPORE (Jan 31): Keppel Corporation, through its wholly-owned subsidiary Keppel Urban Solutions, has signed a memorandum of understanding (MoU) with smart management company Envision to “further the global push for new and clean energy, and smart cities”, by leveraging each other’s expertise. In a Wednesday announcement, Keppel Urban Solutions says it intends to leverage Envison’s ...
SPH and StarHub broadens strategic partnership
SINGAPORE (Jan 15): Singapore Press Holdings and StarHub on Monday announced that they will be renewing and deepening their strategic partnership for another two-year term, following a successful two-year collaboration. The previous memorandum of understanding (MOU) was signed on March 7, 2016. They will continue their tie-up in advertising sales, content creation and distribution, data ...
CapitaLand and WeWork co-create office of the future at Funan
SINGAPORE (Dec 14): CapitaLand Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT) which owns Funan, announced that WeWork, the provider of collaborative workspaces, has leased 40,000 sf of space in Funan. WeWork is the first to sign as an office tenant in the building. WeWork’s workspace will be located across two floors (levels 4 and 5) of Funan’s north ...
Comfort-Uber alliance 'necessary in the long run' despite likely earnings dilution: UOB
SINGAPORE (Nov 28): UOB Kay Hian is maintaining its “buy” call on ComfortDelGro (CDG) with a target price of $2.25, which is based on a long-term average P/E of 16.6 times, pending more details on the land transport operator’s upcoming alliance with Uber. In a report last Friday, lead analyst Thai Wei Ying highlights the possibility of the collaboration impacting CDG’s FY18 earnings in ...
BLOCK71 Suzhou jointly launched by NUS & partners at Suzhou Industrial Park
SINGAPORE (Nov 23): The National University of Singapore (NUS) today launched BLOCK71 Suzhou, a new initiative aimed at providing support for Singapore entrepreneurs and technology startups looking to explore potential business opportunities in China. This follows the 2013 establishment of NUS (Suzhou) Research Institute (NUSRI), the university’s first overseas research institute built in ...
Banyan Tree to open very first eco-friendly resort in Mandai in 2023
SINGAPORE (Oct 11): Singapore will see its first ever eco-friendly resort in Mandai by 2023. The resort will be owned by Mandai Park Holdings (MPH) and operated by Banyan Tree. In a joint press statement issued today, the partners say that this will be the first time visitors to the integrated nature and wildlife attractions in Mandai will have the opportunity to stay over in a full-service ...
ComfortDelgro shares soar 8.3% on news of potential alliance with Uber
SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday. See: ComfortDelGro and Uber in exclusive talks over possible alliance Earlier this morning, the counter hit an all-day high of $2.40 just 20 minutes after market ...