Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment round on 23 July 2019. The transaction was led by Chinese private equity firm, HOPU Investments. ...
The Ministry of Home Affairs (MHA) in Singapore introduced the Home Team Science and Technology Agency Bill for first reading in Parliament on 8 July, 2019. MHA plans to increase its investment in Science and Technology (S&T) from SGD 979 million (USD 707...
At the opening of the CleanEnviro Summit Singapore (CESS) Catalyst 2019, Singapore’s Minister for the Environment and Water Resources, Mr Masagos Zulkifli, provided key updates on the transformation efforts of the environmental services industry. CESS 2019 was...
One BioMed, a Singapore-based medical diagnostics company, announced on 10 July that it has raised USD 5 million in a Series A round, led by Singapore-based venture capital firm, Biopath Ventures, and US-based ARCH Venture Partners. The investment arm of Enterprise...
On 26 June, three Singapore government agencies – Economic Development Board (EDB), Enterprise Singapore and Infocomm Media Development Authority (IMDA)- announced a partnership to set up a new joint office in order to better support and capitalize on the...
Singapore commenced reclamation for Tuas Terminal Phase 2 on 4 July 2019. When fully operational, Tuas Terminal Phase 2 will add a capacity of 21 million twenty-foot equivalent unit (TEUs). All container operations in Singapore will be consolidated at Tuas Terminal by...
On 5 July pharmaceutical giant, GlaxoSmithKline (GSK), opened a new continuous manufacturing facility, as well as an expanded production building at its Jurong site, with a total investment of SGD 130 million (USD 96 million). GSK opened its first manufacturing...
A recent report on Channel NewsAsia by Tan Soo Jiuan, Associate Professor in the Department of Marketing at the National University of Singapore Business School, highlighted the growing importance of omnichannel model for e-commerce outlets in Singapore. This is a...
On 9 July energy, marine and urban development group, Sembcorp Industries (Sembcorp) announced a partnership with leading real estate firm, CapitaLand Group (CapitaLand), for the installation and operation of rooftop solar farms at six properties in Singapore owned by...
On 30 June 2019, Minister for Defense for Singapore, Dr Ng Eng Hen, officiated at the groundbreaking ceremony for a next generation Smart Training Facility called SAFTI city for the Singapore Armed Forces (SAF). The facility is designed to meet the evolving defense...
The Monetary Authority of Singapore (MAS) announced on 28 June that it will issue up to five new digital bank licenses. This is in addition to any digital banks that the Singapore banking groups may also establish under the existing internet banking framework...
Enterprise Singapore, together with agencies from seven EUREKA countries, officially opened a joint call for innovation projects on 9 July through the EUREKA GlobalStars program, a multilateral initiative to enhance access to funding for research and innovation. The...
