China's Ministry of Industry and Information Technology said on Friday it aims to develop 15 electronic component producers with revenues in excess of 10 billion yuan ($1.6 billion) by 2023.
SINGAPORE (Reuters) - At least three recruiters approach Singapore-based software engineer Xiao Yuguang every day with job offers.
FILE PHOTO: A view of the city skyline in Singapore January 25, 2021. REUTERS/Edgar Su
Demand for Xiao’s skills has soared since he graduated in 2014 with a computer engineering degree but now he just ignores the offers, having recently joined TikTok owner Bytedance after several years with Southeast Asia’s Grab.
“It’s not like I want to change jobs frequently,” said Xiao.
Singapore is aiming to become a regional tech hub but faces a severe talent crunch as more firms move in, interviews with more than a dozen recruiters, companies and workers show.
(Adds executive comment from interview)
SINGAPORE, Jan 21 (Reuters) - Private exchange iSTOX, backed by Singapore Exchange and other investors, said on Thursday it is raising $50 million in its first major funding round, led by two Japanese state-backed firms.
The financing will enable iSTOX to expand in Asia and offer a range of investment products, Oi Yee Choo, chief commercial officer of the Singapore-based regulated trading platform told Reuters in an interview.
Choo, formerly the Singapore investment banking chief of UBS till late 2019, said iSTOX expects more than 20 listings on its platform this year from the current six.
Japan Investment Corporation’s venture capital arm and Development Bank of Japan agreed to come in as new investors, while existing backers such as Tokai Tokyo Financial Holdings and Singapore Exchange also joined the Series A funding, iSTOX said.
Trading platform iSTOX, backed by Singapore Exchange and other companies, is raising $50 million from a group of investors led by two Japanese state-backed firms in its first major financing round.
By Kagondu Njagi, Thomson Reuters Foundation
6 Min Read
NAIROBI, Jan 20 (Thomson Reuters Foundation) - Sitting on a low bench at her shop in a Nairobi slum, Grace Wangari sifted through a handful of grains that a waiting customer had just ordered.
As she poured them into a shopping bag, the customer scrolled through her phone to pay for the purchase.
Normally, Wangari would have been paid in shilling notes, Kenya’s hard currency, but in some ways she preferred the digital payment that was instantly transferred to her phone.
“I am happy with this transaction because there is no risk of losing my stock to conmen or people who have come to take goods on credit,” said Wangari, a middle-aged trader in Mukuru Kayiaba, one of the city’s poorest slums.