Temasek is joining a US$100 million funding for Animoca Brands, betting on one of crypto's most prolific investment houses. It adds to a funding round first announced by Animoca in January from George Soros and the Winklevoss twins.

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Singapore's manufacturing output increased 0.6% in July 2022 on a year-on-year basis. Excluding biomedical manufacturing, output grew 2.9%. 

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GrabSingtel consortium is eyeing to open GXS bank in Singapore later this year. Analysts say Singtel's entry into the digital banking space is not getting much interest from investors due to the perception that digital banks will post losses in their early operations.

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What are the 5 ways for a freelancers achieve financial freedom?

Tune in to this episode of our “Money Never Sleeps” and hear from our experts, Ferlin Mok, sharing her tips and views to free from financial difficulties. 

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Crypto.com has appointed a former top government employee to lead its Singapore office. Mr Chin Tah Ang most recently headed Digital Industry Singapore, a joint office between three Government agencies.

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Koh Tuck Lye, also known as Xu Dalai, the co-founder of Chinese venture capital firm Shunwei Capital, has been granted an option to buy 11 Bali Lane, for S$23 million. 

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Shopee-owner Sea posted a bigger second-quarter loss than expected. Net loss more than doubled to US$931.2 million in the June quarter, from US$433.7 million a year earlier.

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In an effort to boost inclusive growth in the city-state and protect the most vulnerable groups from high inflation, Singapore's next prime minister hinted that the wealthy may face more taxes. As Singapore's income inequality has narrowed based on the Gini coefficient, the government probably should "lean more towards inclusive growth," said deputy prime minister Lawrence Wong.

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Asia's industrial sector accounts for over 35 per cent of the region's annual carbon-dioxide emissions. Envision Group has signed an agreement with the government of Spain to build Europe's first net-zero industrial park. The group has set itself a "very ambitious but achievable" goal of building 100 such parks around the world over the next decade.

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Chamath Palihapitiya is asking investors for more time to complete a pair of blank-check deals as the industry is plagued by a regulatory crackdown and broader malaise. The billionaire has helped take SPACs mainstream, raising a more than US$5 billion across the ten blank checks he has led, successfully taking public space tourism company Virgin Galactic Holdings and SoFi Technologies. Social Capital Hedosophia VI raised US$1.15 billion in October 2020 and Social Capital IV has US$460 million in proceeds.

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