Singapore Air in talks to buy stake in Korea’s Jeju Air


Singapore Airlines Ltd is in talks with South Korea’s Jeju Air Co Ltd to acquire a stake in it, either directly, or via the low-cost carrier’s upcoming initial public offering. A Reuters report quoted Jeju Air spokesman as stating that the company had been in talks with Singapore airlines since… Read more »

Deeper complexity in Europe, greater volume in Asia: Marcus Gnirck

The co-founder & global COO of Startupbootcamp FinTech, which operates across London and Singapore, Markus Gnirck has a portfolio that is grounded in technological innovation, business engineering and tech startups in Europe. Having worked in tech startups and venture capital firms, he brings a broad range of experience and deep familiarity… Read more »

Parkway Life buys 4 nursing homes in Japan for S$67m

Singapore listed property trust Parkway Life announced that it had bought four nursing homes and one group home in Japan for S$67 million. It had acquired these properties from Ostara Japan One TMK4 and UBI Kabushiki Kaisha. “The acquisition is in line with the valuation and is expected to generate a net… Read more »

US law firm Morgan, Lewis & Bockius expands to ASEAN, India

US law firm Morgan, Lewis & Bockius will establish a Singapore office, merging with Stamford Law Corp and rebranding as Morgan Lewis Stamford. Morgan, Lewis and Bockius is the largest US law firm by numbers, with more than 2000 lawyers globally. Its Singapore office, operating under the brand of Morgan Lewis Stamford, will act… Read more »

Oddle secures $718k in funding round led by East Ventures

Singapore-based food ordering platform Oddle has secured $718,000 (S$1 million) in its latest fundraising round. The round was led by by East Ventures and former Warner Music Asia Pacific CEO Holly Tan. According to Singapore tech blog e27, Oddle had already received an undisclosed angel investment in August 2014. It also disclosed plans to raise further funding… Read more »

Ensogo to raise $7.6m from HK’s Ward Ferry via share placement

Australia listed retail portal Ensogo Ltd has entered into an agreement with WF Asian Reconnaissance Fund Ltd (Ward Ferry) for the placement of new shares that will raise A$10 million ($7.65 million). The placement of 58,823,530 new Ensogo shares to Ward Ferry at a price of A$0.17 per share, is… Read more »

Retty secures $8.24m Series C funding, plans Singapore expansion

Retty, a Japanese app that helps people navigate Japan’s restaurants, has secured $8.24 million in  Series C funding. Modelled on the likes of US-based Yelp and competing with Tabelog and Gurunavi in the Japanese market, Retty lets users rate restaurants, as well as allowing them to track the outlets popular amongst their friends… Read more »

SPH Interactive acquires 20% of DC Frontiers for $1.44m

Singapore Press Holdings has announced that its wholly-owned subsidiary SPH Interactive has acquired a 20 per cent stake in DC Frontiers for S$2 million ($1.44 million). The principal activity of DC Frontiers is operating Handshakes, an analytics platform for relational information about companies and the personnel involved in their ownership, governance and management…. Read more »

Crowdfunding a game changer for entrepreneurs : Prakash Somosundram

The advent of crowdfunding is going to change startup scene in Asia, and the funding ecosystem, will definitely evolve to a point where one will not need to worry about financing but can focus on developing a good idea and building a good team to pursue that idea, said Prakash Somosundram, vice-chairman of the Action… Read more »

Snapshot of ASEAN M&A trends: Early indicator of business confidence

The world’s largest corporates are expected to show greater appetite for mergers and acquisitions (M&A) in 2105, and they will have more capacity to fund prospective transactions, said the KPMG report, released last week. It attributed the increased appetite to a seven percent jump in predicted forward price to earnings ratio… Read more »