Singapore Business Review

The Singapore Business Review offers daily updates on the business scene in Singapore, shares insights and opinions on current business events, and gives readers access to expert viewpoints from various industries.

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Global firms target Singapore's unique cycling market

3 weeks ago | sbr.com.sg | Vincent Mariel Galang

In Asia, e-bike adoption is seen as one of the market’s growth drivers. Singapore's unique cycling market is drawing attention from international companies seeking to capitalise on its growth potential. According to data from Statista, revenue in Singapore’s micromobilty market is projected to reach $173.52m in 2025. It is expected to show an annual growth rate of 0.49% between 2025 to 2029, resulting in a market volume of $176.93m by 2029.
Funding Societies secures backing from Gobi Partners to drive SME fintech growth | Singapore Business Review

1 month ago | sbr.com.sg

Funding Societies | Modalku (Funding Societies) announced an equity investment from Gobi Partners, an Asia-focused venture capital firm.
Taipei Cycle 2025 to feature nearly 1,000 exhibitors

1 month ago | sbr.com.sg | Vincent Mariel Galang

Singapore ranked amongst the top five buyer countries at last year's event. The annual Taipei Cycle is set to return this March, wherein nearly 1,000 exhibitors from around the world are expected to showcase the latest technologies and future trends in the cycling industry. According to the Taiwan External Trade Development Council (TAITRA), Taipei Cycle 2025, happening from 26 March to 29 March at the Taipei Nangang Exhibition Centre (TaiNEX), will attract 950 exhibitors from 35 countries.
Sin Heng Heavy Machinery to go private with $0.0058 per share offer

1 month ago | sbr.com.sg | Dana Eunise Cruz

The offeror is a consortium formed between the controlling shareholders of Sin Heng. Maybank Securities has announced a voluntary unconditional cash offer on behalf of TAL United to acquire all issued and paid-up ordinary shares in Sin Heng Heavy Machinery Limited (Sin Heng) at $0.0058 per share in cash. TAL United is a consortium formed between TAL Holdings (TALHPL) and United Hope (UHPL), the controlling shareholders of Sin Heng, holding 76.0% and 24.0% stakes, respectively.
OCBC’s Iris Ng on championing SMEs and green financing

1 month ago | sbr.com.sg | Frances Gagua

The banker worked on making capital loans more accessible to SMEs through embedded finance. Iris Ng’s two-decade journey to become managing director and head of emerging business for global commercial banking at OCBC Bank began with a single goal — to work with entrepreneurs in Singapore. “I have a particular interest in dealing with businesses,” Ng told Asian Banking & Finance by phone.
StanChart’s Elayne Ho takes on new challenges each year to succeed

1 month ago | sbr.com.sg | Frances Gagua

She cites the importance of surrounding herself with female role models. Elayne Ho thinks that the key to a successful banking career is doing something new each year. “I set an ambition for myself every year to do something different — whether it's debuting a new client to the market, or a debut transaction in the sense that it's a market that the client has not entered before,” Ho, executive director for capital markets at Standard Chartered Plc, told Asian Banking & Finance.
Lady bankers need work-life balance: UOB’s Choo Wan Sim

1 month ago | sbr.com.sg | Frances Gagua

The flight stewardess turned bank digital head also highlighted the importance of mentors. Ensuring that workers can balance their careers and family is the best support that banks can offer to advance women’s careers, according to a senior banker from United Overseas Bank Ltd. (UOB). “Women play multifaceted roles — a wife, a mother, a daughter, a sister, a BFF,” Choo Wan Sim, head at UOB TMRW Digital, told Asian Banking & Finance.
Most hacked passwords in Singapore are under 10 characters: Preply | Singapore Business Review

Dec 20, 2024 | sbr.com.sg

The vast majority of the most commonly hacked passwords in Singapore are short and contain fewer than 10 characters, Preply said.
10 best ways to invest in 2025

Dec 18, 2024 | sbr.com.sg | Frances Gagua

Analysts are not too worried about the impact of US tariffs on Asian investments. Singapore investors are likely to weigh another round of trade wars between the world’s biggest economies, Asian currencies’ potential rally, and Hong Kong and China’s strong tech sectors in what is shaping up to be a “year of volatility,” analysts told Singapore Business Review.
What lies ahead for Singapore’s medical device market? | Singapore Business Review

Nov 6, 2024 | sbr.com.sg

The sector will benefit from rising healthcare expenditure, primarily driven by the country’s ageing population.