Grab raises US$850 mil to expand into financial services

SINGAPORE (Feb 25): Grab, Southeast Asia’s most valuable startup, raised more than US$850 million ($1.2 billion) from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc to bankroll its expansio

Disruption and Digitalisation

Interest in digital bank licences high; applicants see opportunity as local banks extend their lead

SINGAPORE (Jan 10): On Jan 7, the Monetary Authority of Singapore (MAS) announced that it had received seven applications for the two digital full bank (DFB) licences on offer, and 14 applications

Disruption and Digitalisation

Grab, Singtel eye Singapore's under-banked for digital venture

SINGAPORE (Dec 31): The large number of Singaporeans still without good access to financial services will be key to creating a successful digital bank in the country, according to executives from G

Disruption and Digitalisation

Can Singapore's digital bank wannabes prove they can make money?

(Dec 18): Grab Holdings and gaming company Razer will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore’s covete

Global Economy


SINGAPORE (Dec 2): "Democracy is alive and well" — Ronny Tong, pro-Beijing member of Hong Kong’s Executive Council, following the

Startups • Entrepreneurs • Digital economy

Dear Alibaba, thank you for the US$10 tril gift

(Dec 2): Has the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of US money.


PMD ban puts dent in Singapore's car-lite ambitions

SINGAPORE (Nov 11): Love them or hate them, personal mobility devices (PMDs) have made their presence felt in Singapore.

Global Markets


Singapore (Oct 7): “Officially Tuas is designed to handle 65 million TEUs (20-foot equivalent units), but I am sure PSA can squeeze a little more out of it if we work hard.”

Disruption and Digitalisation

Malaysia proposes $28.4 mil fine on Grab for abusive practices

(Oct 3): Malaysia's competition regulator on Thursday proposed a fine of over RM86 million ($28.4 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on

Global Economy


SINGAPORE (Sept 30): “No doubt, I will receive some harsh criticism.

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