Temasek backs $70m funding round for US agri startup Pivot Bio

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The round was led by Breakthrough Energy Ventures, a $1-billion fund created in 2016 by a group of billionaires including Bill Gates, Jeff Bezos, and Jack Ma.

ASEAN Digest: Lippo, ObEN set up Blockchain Institute; FB’s Startup Station in SG

The Pacific Blockchain Research Institute is being set up in Indonesia while Facebook has launched its Startup Station initiative in Singapore.


Red Dot Capital, Singtel Innov8 co-lead $30m funding round for CTERA

Other investors in this round include Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners and Viola Group.


Singapore’s SMRT-backed mobilityX closes Series A round led by Toyota Tsusho

The startup said the fresh funds will allow it to scale up its mobility-as-a-service solution rapidly in Singapore and the rest of Southeast Asia. 


AkzoNobel completes sale of chemicals arm to Carlyle Group, Singapore’s GIC

The sales of its chemical business will allow AkzoNobel to focus solely on its paints and coatings business.


Singapore’s LTA to grant licences to 6 dockless bike-sharing operators

Singapore’s LTA will grant licences to Chinese players, Mobike and ofo, and SG Bike among others. 


AJ Capital to launch lending fund in March, seek $100m in external capital

The fund, which will also see the family office allocate capital for a co-investment pool, will focus on providing credit to the healthcare and education sectors in Southeast Asia and India.


Singapore-listed Thakral Corp acquires 3 properties in Japan

The acquisitions are part of a strategy to broaden asset and earnings base in Japan.


CapitaLand acquires 50% stake in co-working space firm The Work Project

The co-working space operator currently has four locations in Singapore and Hong Kong, including one that is opening next year.


Singapore lender OCBC calls off sale of Hong Kong Life Insurance

First Origin International Ltd agreed to acquire the business in March last year for $907 million.