Singapore: Singtel, Lazada launch e-marketplace; ISR Capital to resume trading

Singtel and Lazada have partnered  to launch an e-marketplace for SMEs in Singapore while ISR Capital will resume trading on March 6 after SGX slapped a “trade with caution” warning on the group.

Singtel-Lazada jointly launch SME e-marketplace

Singtel has partnered with online shopping website Lazada Singapore to launch the 99% SME e-marketplace, a dedicated portal on for small and medium enterprises (SMEs) in Singapore to advertise their offerings and broaden their online customer base.

The move is part of a government-backed push to aid local SMEs to adopt digital technologies and compete in the growing e-commerce market. In its recently released report, the Committee on the Future Economy recommended that SMEs, which form 99% of registered companies in Singapore, be provided expertise and financing support to help them adopt digital technologies.

According to a Lazada spokesperson, the partnership will enables SMEs to reach over 3.5 million visitors monthly.

CEO of Group Enterprise at Singtel, Bill Chang, said, “The 99% SME e-marketplace, which augments our nationwide 99% SME campaign, provides SMEs with an online marketing platform with no additional on-boarding costs to better scale their businesses in the e-commerce space. This is also in line with the Committee on the Future Economy’s call to help SMEs adopt digital technologies.”

ISR Capital to resume trading on March 6 after “trade with caution” warning from SGX

The Singapore Exchange has issued a “trade with caution” warning on ISR Capital, lifting a trading suspension imposed on the shares since Nov 27, 2016.

ISR Capital is scheduled to resume trading on March 6, 2017. SGX said the suspension was to safeguard the interest of the market as there were circumstances that prevented trading in ISR shares on an informed basis.

Soh Chee Wen, a Malaysian businessman, was among three individuals charges in the State Courts of Singapore for manipulating the market for the shares of Blumont Group, Asiasons Capital (Attilan Group) and LionGold Corp between August 2012 and October 2013.

Soh currently faces 188 charges related to the crash in the penny stock market.

Also Read: 

SG Dealbook: Lifebrandz to explore new biz; Loyz Energy’s share placement; GLP’s strategic review

Singapore: Hatten Land lists on SGX Catalist, closes trading at 28.5 cents

SG Digest: Carousell Motors launches; Spacemob & Ascendas-Singbridge partnership