Elon Musk’s X rebrand reignites goal to turn Twitter into China’s WeChat
In this photo illustration, Elon Musk’s photo is displayed on a phone screen in front of a computer screen displaying the new logo of ‘Twitter’. Harun Ozalp | Anadolu Agency…
Singapore gig workers most affected by inflation, interest rates: DBS
A DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year on year to an…
Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
The headquarters of Grab Holdings Ltd., in Singapore. Grab Holdings Ltd., reported its latest earnings on Feb. 23, 2023. Bryan van der Beek | Bloomberg | Getty Images Singapore-based Grab…
Top 15 companies to work for in Singapore in 2023
LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies…
Sea Group’s MariBank launches in Singapore on an invite-only basis
MariBank, Singapore tech giant Sea Group’s digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively. Rafael Henrique | Sopa Images…
Singapore’s digital banks dangle incentives to win new customers — is it sustainable?
Singapore’s new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. But how viable is this in the…
Indonesia’s GoTo shares surge as it brings forward profitability timeline
GoTo Group expects group contribution margin, which shows revenue after variable costs, to become positive by first quarter of 2023 – a year ahead of schedule. Dimas Ardian | Bloomberg…
Tencent’s Weixin sees Singapore as a ‘strategic market’
“We see Singapore as a strategic market for Weixin,” Etienne Ng, Southeast Asia’s regional director for Weixin Pay, told CNBC in an email. He added that the company aims to…
VC firms will be pickier in 2023
Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. A total of $679.4 billion was invested globally in 2021. Malte Mueller…
Grab pares losses by 24%, deliveries unit breaks even ahead of target
Singapore technology ride-sharing and food delivery service company Grab logo is displayed on a smartphone screen. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Singapore-based ride-hailing and food…