technology

Global Invacom cancels $280 mil acquisition of Tactilis due to 'difficulties' meeting agreement terms
SINGAPORE (April 22): Global Invacom, has cancelled its proposed US$200 million ($280 million) acquisition of Tactilis due to “difficulties in fulfilling all of the conditions precedent” in the sale purchase agreement (SPA) it signed with the vendor last year. With the termination also comes the cessation of 5% coupon-rate convertible notes meant to be issued by Tactilus. At the same ...
3 tech hurdles faced by Singapore's businesses despite being most digitally mature
SINGAPORE (April 16): Small and medium businesses (SMBs) in Singapore has emerged top among 14 Asia Pacific countries in Cisco’s APAC SMB Digital Maturity Index, but not without facing challenges in their digital transformation journeys. According to the Index results released by the security firm today, the top three hurdles cited by respondents was a lack of digital skills and talent ...
Grab's bonfire of the vanities is just blowing smoke, says Bloomberg Opinion's Tim Culpan
(April 9): One sentence from Grab Holdings Inc. co-founder Anthony Tan sums up the outlook for the dumpster fire that is Southeast Asia’s increasingly toxic taxi wars. “I met Masayoshi-san last week where he gave his unlimited support to power our growth.” In a giddy press release Grab announced that it’s super-sizing its current funding round to US$6.5 billion ($8.8 ...
The revolution need not be automated
(Apr 8): Artificial intelligence is transforming every aspect of our lives, not least the economy. As a general-purpose technology, AI’s applications are potentially endless. While it can be used to automate tasks previously performed by people, it can also make human labour more productive, thereby increasing labour demand. Unfortunately, the current trend in commercial AI development is ...
Grab sets sights on US$6.5 bil capital mark
SINGAPORE (April 8): Grab Holdings is expecting to rake in further US$2 billion ($2.71 billion) in funding to bring its total capital raised this year to US$6.5 billion, following its Series H round which saw SoftBank and other key strategic investors invest over US$4.5 billion in the ride-hailing app. Last month, Grab secured a US$1.46 billion investment from SoftBank Vision Fund. Both Grab ...
Synagie eyes Vietnam e-commerce market expansion with new brand partner
SINGAPORE (Apr 4): Synagie Corporation has announced expansion plans to Vietnam’s e-commerce market by signing one of the world’s biggest luxury beauty companies as its first brand partner to use Synagie’s e-commerce enablement solutions to help them grow in the country. Through the group’s end-to-end commerce enablement and fulfilment solutions are achieved using a cloud-based Synagie ...
Keppel acquires minority stake in EV battery business for $68 mil
SINGAPORE (April 1): Keppel Corporation, through its wholly-owned subsidiary KepVenture, is investing US$50 million ($67.7 million) for a minority stake in Envision AESC Group. Envision AESC Group is an intelligent lithium-ion battery company which is 80:20 owned by China’s Envision AESC Holding and Japanese automobile manufacturer Nissan. It recently acquired Automotive Energy Supply ...
Australia, Singapore to crack down on online media with new laws
SYDNEY/SINGAPORE (April 1): Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponized” by terrorists and extremists who ...
Clearbridge subsidiary to issue $2 mil in convertible bonds
SINGAPORE (Mar 25): Clearbridge Health Limited’s subsidiary, Clearbridge Biophotonics, is set to issue $2 million in convertible bonds to develop its proprietary computational imaging microscopy technology with the aim of commercialisation.   Enterprise Singapore’s investment arm SEEDS Capital will subscribe for $1 million of the convertible bonds. At the same time, Clearbridge’s ...
Searching for the next Amazon in Latin America
SINGAPORE (Mar 25): Can you name a large-cap, Amazon-lookalike e-commerce stock that has risen more than 3,700% since its IPO in 2007, or 400% since late 2015, and is still up 66% this year? I’ll make it a little easier. No point searching for it in China because it is neither a competitor to Alibaba Group Holding nor an affiliate of Tencent Holdings. With a market capitalisation of US$22 ...