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Keppel, a Singapore-based asset manager, has secured approximately SG$2 billion (US$1.53 billion) in capital commitments from global institutional investors for its flagship funds, including the Keppel Data Centre Fund III and the Keppel Education Asset Fund II. The company aims to reach SG$100 billion in funds under management by 2026 and SG$200 billion by 2030, reflecting its significant transformation from a colonial-era shipyard to a global financial player. This shift highlights the growing importance of climate resilience in investment strategies, attracting substantial capital for sustainable urban development initiatives.
NewsEternal, the parent company of Zomato and Blinkit, plans to cap foreign ownership at 49.5% on a fully diluted basis, pending shareholder approval. This strategic move aims to maintain domestic control while allowing for a buffer above the current 44.36% foreign shareholding, which has decreased recently. Domestic shareholders have increased their stake to 23.56%, reflecting a shift towards greater local influence in the company's governance.
The Monetary Authority of Singapore has eased its monetary policy amid a bleak economic outlook, projecting zero growth for 2025 after a disappointing 3.8% GDP increase in Q1. The Ministry of Trade and Industry has revised its GDP forecast down to 0%-2%, citing weakened global demand impacting key sectors like manufacturing and financial services, which together account for 31% of GDP. This policy adjustment reflects concerns over external pressures, including US tariffs and ongoing trade tensions with China.
Moom Health, a Singapore-based women’s health supplement brand, has secured S$3.5 million (US$2.66 million) in a pre-series A funding round led by Wipro Consumer Care Ventures. Founded in 2021, the company focuses on supplements tailored for Asian women and plans to use the funds to expand its product range, strengthen its supply chain, and enter new markets, currently operating in Singapore, Malaysia, and Hong Kong. The investment reflects a growing interest in women’s health supplements, addressing historical research gaps and cultural challenges faced by women in Asia.
Australian non-bank lender Bizcap has launched in Singapore, its fourth market, funding over SG$6 million in transactions and partnering with over 100 local brokers. The company offers loans from SG$5,000 to SG$500,000, utilizing automated bank statement aggregation for quick assessments, aiming for same-day funding for eligible SMEs. Bizcap plans to introduce new products and expand into other Asian markets within three years, capitalizing on the growing alternative lending sector in Singapore.
Intel Corporation, a leading semiconductor manufacturer, generates 69.6% of its net sales from computing architecture products, including processors and graphics cards. Wafer manufacturing services account for 25%, while other products contribute 5.4%. Geographically, sales are distributed with 29.2% in China, 24.5% in the U.S., and significant shares in Singapore, Taiwan, and other regions.
YouTube has launched a shopping affiliate program in Singapore in partnership with Shopee, allowing creators to tag products in their videos and live streams for seamless purchases. This initiative offers new monetization opportunities for creators and expands Shopee's audience reach. Video commerce is rapidly growing in Southeast Asia, with significant success already seen in neighboring countries.
Singapore-based Wild Ventures has successfully completed an oversubscribed SG$1 million (approximately US$746,000) angel funding round, launched on April 3. The early-stage venture fund focuses on AI-powered brands and has developed three brands: Wild Palace, Poositive Pets, and Future Paper, while also investing in external brands that align with its sustainability and innovation goals. Co-founders include Bjorn Bergstrom, Arvid Lithander, Shannon Cullum, and Malin Renstrom.
Aspire, a Singapore-based financial platform, has obtained a Capital Markets Services Licence from the Monetary Authority of Singapore, enabling it to offer regulated investment solutions. The company plans to launch Aspire Yield, an investment service for startups and small businesses, featuring no minimum investment, no lock-up period, and next-business-day liquidity. Currently in private beta, the service has a waitlist for interested businesses and aims to enhance investment access for over 50,000 companies globally.
The Land Transport Authority of Singapore has granted Grab a Street-hail Service Operator Licence, valid for 10 years from April 9. This allows GrabCab, a subsidiary of Grab Rentals, to operate taxis for both street-hail and ride-hail services, making it the sixth taxi company in Singapore. GrabCab has a three-year grace period to expand its fleet to at least 800 taxis.
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Keppel secures 1.5 billion dollars in global capital commitments for funds
05:02 21.04.2025
Zomato owner limits foreign ownership to 49.5 percent for strategic control
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intel corporation maintains strong position in semiconductor manufacturing and sales
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12:18 04.04.2025
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