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Singapore s manufacturing output increases 8 6 pct on year in January - World News

Singapore s manufacturing output increases 8 6 pct on year in January - World News
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Singapore economic development boardசிங்கப்பூர் பொருளாதார வளர்ச்சி பலகை

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek – TechCrunch

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek Singapore is quickly turning into a hub for food-tech startups, partly because of government initiatives supporting the development of meat alternatives. One of the newest entrants is Next Gen, which will launch its plant-based “chicken” brand, called TiNDLE, in Singaporean restaurants next month. The company announced today that it has raised $10 million in seed funding from investors including Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon. Next Gen claims this is the largest seed round ever raised by a plant-based food tech company, based on data from PitchBook. This is the first time the startup has taken external investment, and the funding exceeded its original target of $7 million. Next Gen was launched last October by Timo Recker and Andre Menezes, with $2.2 million of founder capital.

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Redirecting to Pacific Prime Acquires CXA Group s Brokerages to Become the 3rd Largest Employee Benefits Broker in Singapore and Hong Kong

February 17, 2021 finance & economy Pacific Prime Acquires CXA Group s Brokerages to Become the 3rd Largest Employee Benefits Broker in Singapore and Hong Kong Global insurance brokerage Pacific Prime has solidified its foothold in Asia Pacific by acquiring the Hong Kong and Singapore brokerage arms of CXA Group, an insurtech company that has exited this sector to focus on its cloud-based enterprise SaaS business. The acquisition deal took place on February 4th, 2021. CXA s insurtech business is backed by HSBC, Singtel Innov8, the Singapore Economic Development Board s investment arm EDBI and B Capital Group, the venture firm of Facebook co-founder Eduardo Saverin. The acquisition of CXA Group’s brokerage arms in Hong Kong and Singapore is a breakthrough, as Pacific Prime seeks to continually expand in the Asia Pacific region and globally. The acquisition gives Pacific Prime the technology to offer full-flex and simplified flex solutions to all of its cli

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Why 5,000 Indian firms have invested in Singapore - The Hindu BusinessLine

Why 5,000 Indian firms have invested in Singapore EDB is interested to engage Indian companies that have reached the critical mass to set up a strategic base overseas to manage better their international growth and tap international financing opportunities. – Lee Eng Keat If Indian companies form the single largest foreign business community in Singapore, it is due to an enabling investment environment, and several business, R&D, and finance opportunities the government offers global companies, Lee Eng Keat, International Director (Asia-Pacific), Singapore Economic Development Board (EDB), told Business Line in an interview. Excerpts from the interview: What has attracted the presence of 5,000 Indian companies in Singapore? Is it tax breaks? Geographical proximity, frequent flights, easy/cheaper availability of finance?

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Goldbell Group confirmed acquisition with BlueSG

February 11, 2021 BlueSG Goldbell Group (Goldbell) has confirmed its acquisition strategy with BlueSG on Friday, Feb 5, 2021. The firm will be fully taking over Singapore s leading electric car-sharing network by August 2021. Launched in 2017, BlueSG grew under the Singapore Economic Development Board (EDB) and Land Transport Authority s national-level electric vehicle (EV) Car Sharing initiative programme since 2017. Today, BlueSG has a total fleet of more than 650 electric vehicles with a record of 1,700,000 rentals and 100,000 subscriptions sold. As a result, it is one of the top local car-sharing platforms. Acquisition within Goldbell and BlueSG CEO of the Goldbell Group, Arthur Chua mentioned that the $70 million investment will go to areas such as adding new electric vehicles to the fleet, beyond BlueSG s signature white hatchbacks. The firm also plans to partner other EV charging providers to allow convenient solutions for BlueSG users.

Arthur chuaGoldbell groupSingapore economic development boardLand transport authorityCar sharingSharing economyFuture mobilityஆர்தர் சுயசிங்கப்பூர் பொருளாதார வளர்ச்சி பலகைநில போக்குவரத்து அதிகாரம்கார் பகிர்வுபகிர்வு பொருளாதாரம்எதிர்கால இயக்கம்