News 19/21

Oct 5, 20212 min read

Taiwan Claims Peace Is Critical to Semiconductor Supply Chain

Peace, however fragile it may be, is needed for the semiconductor supply chain to remain unbroken, according to Taiwan. Taiwan's Minister...

Sep 28, 20213 min read

Could A Potential Wealth Tax Deter Wealthy Tech CEOs From Moving To Singapore?

Singapore's government might be hinting at a change in its stance on a possible wealth tax. Singapore's Finance Minister, Lawrence Wong,...

Sep 24, 20212 min read

Panasonic To End Its Refrigeration Compressors Business in Singapore

Panasonic recently announced that it is ending its refrigeration compressor business in Singapore by the end of September 2022. The...

Sep 23, 20212 min read

StarHub To Acquire Majority Stake in MyRepublic’s Broadband Business

StarHub recently announced it would acquire a majority interest in MyRepublic's broadband business in Singapore to provide residential...

Sep 21, 20212 min read

Tensions in US-China Trade Relations Decimate Bilateral Tech Investment

Tensions between the United States and China have grown to a point where bilateral tech investments between the two countries have...

Sep 17, 20211 min read

TikTok Under Investigation Over Data Privacy Concerns

Tiktok is, once again, under scrutiny for data privacy concerns by another government privacy watchdog. Ireland's Data Protection...

Sep 15, 20212 min read

Grab Reports US$815 Million Net Loss in Q2 2021

The company behind Southeast Asia's most popular ride-hailing app, Grab, recently reported that it suffered a bigger net loss in the...

Sep 14, 20212 min read

China To Break Up Ant Group’s Loan Business To Separate Joint Venture

Alipay's loan feature may soon get its app in the future, but not in the way Jack Ma's Ant Group wanted. A Financial Times report stated...

Sep 10, 20212 min read

Japanese Automakers Report Production Decrease in October Due to Parts Shortage

Customers who wish to buy or are in line to buy a car from Japanese automobile manufacturers in the next few months may have to wait...

Sep 9, 20212 min read

PayPal Acquires Japan Fintech Company Paidy in US$2.7B Acquisition Deal

PayPal will soon be expanding its operations in Japan after recently closing an acquisition deal with one of the country's leading...

Sep 7, 20212 min read

China’s SMIC To Build an $8.87 Bln Semiconductor Chip Plant in Shanghai

China's Semiconductor Manufacturing International Corp. (SMIC) recently announced that it would invest US$8.87 billion to construct a...

Sep 2, 20213 min read

China to Penalise Sellers of Fake Goods on Chinese E-Commerce Platforms

Chinese e-commerce companies will soon have another strong reason to remove counterfeit or fake goods on their websites quickly. China's...

Aug 31, 20212 min read

Tianjin’s SASAC Advises Govt Firms To Move Data Into State-Controlled Cloud Services

Government firms in Tianjin were advised to start moving their data from cloud services owned by the private sector to the state-owned...

Aug 31, 20212 min read

Samsung To Secure Lead on "Strategic Industries" Post COVID-19; Invests US$206 Billion

"Bold" mergers and acquisitions, as well as more investments, are on the horizon for Samsung as it expands its investment to 240 trillion...

Aug 11, 20212 min read

Indonesia Launches Streamlined Online Business Licensing Platform In Bid To Attract More Investments

Indonesia launched the streamlined version of its online single submission (OSS) system on Monday, 9 August, a website that processes...

Aug 5, 20212 min read

SG-Based Flexxon Partners With Lenovo to Launch World's First AI-Embedded Cybersecurity Laptops

Singapore-based industrial NAND flash storage solutions provider Flexxon announced its partnership with Lenovo to launch the world’s...

Aug 4, 20212 min read

CCP Calls for Online Video Game Regulation, Re-Ignites Investor Fears

Chinese online video game firms have recently seen their share price take a beating due to the Chinese government calling online video...

Aug 3, 20212 min read

ASUS Lets Customers Buy Now, Pay Later With Hoolah Partnership

Starting 30 July 2021, you can now purchase ASUS products with the Buy-Now-Pay-Later (BNPL) setup, all thanks to ASUS’ collaboration with...

Jul 30, 20212 min read

TotalEnergies Acquires Bolloré Group's Bluecharge

The largest electric vehicle (EV) charging network in Singapore is now under new management. TotalEnergies, a French multinational...

Jul 28, 20213 min read

Facebook Forms Metaverse Teams, Pushes To Create Shared Digital Worlds Amid Pandemic

On 26 July 2021, Facebook’s Vice President of Augmented Reality/Virtual Reality (AR/VR) Andrew Bosworth announced that the company is...