Finance
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Indonesian coal producer Bumi Resources to restructure debt, paring down US$ 2 billion via Preemptive Rights offering
PT Bumi Resources Tbk (BUMI) will issue new shares worth US$ 2 billion. The maneuver was carried out by Bumi Resources to repay its debt to China Investment Corporation along with eight other investors.
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Seedcom-Backed Cau Dat Farm Brings Smart Technology Into Vietnam Agricultural Production
Seedcom-backed Cau Dat Farm aims to regulate and improve agricultural quality with the help of Internet of Things (IoT).
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DBS, Bank Of Singapore Seize Opportunities For More Acquisitions In Asian Wealth Mission
Singapore banks are scaling up with DBS Group Holdings Ltd and .Bank of Singapore, Asia’s largest home-grown private bank among those in the lead as they are considering for more acquisitions.
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Glassdoor Introduces Machine Learning To Help Users Know If They Are Being Fairly Paid
Glassdoor is pushing for workplace transparency by releasing a new tool at its job-search site which will ultimately help to close wage gap.
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Japanese Fintech Company Money Forward Raises Another US$11 Million
Japanese personal accounting startup closes its Series D funding round securing US$11 million led by Mitsukoshi Holdings and Mizuho Capital.
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Singapore To Be World’s Largest Fintech Hub, Marvelstone Group Announced
Singapore’s ambition to be a ‘Smart Nation’ is moving forward as MarvelStone, an Asian private investment group has announced on Tuesday that it will open the world’s largest fintech hub in Singapore next November. The…
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JoJonomic Reach Singapore After Grabbing $1.5m Series A Funding For Expense Management Software
JoJonomic is an Indonesian startup that got their breakthrough when participating in Google’s launch pad accelerator in January 2016. One of just eight Indonesian companies selected, their expense management software stood out. Originally designed to…
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Sapphire Ventures Secures $1 Billion to Invest
Palo Alto based Sapphire Ventures, owned by SAP, secures $1 Billion to invest in a new $700 Million growth fund and a $300 Million tech fund. Following on the heels of a large group of…
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App Annie’s latest prediction: Worldwide App Downloads Reach 280 billion by the year 2020
The day is nearly upon you – a tweet orders your favorite pizza, your Apple Watch places your Buy Stock transaction, you automatically add the song playing in your favorite restaurant to your Spotify playlist.…
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Snapchat Advertising Revenues Poised to Reach $1 Billion by 2017
Enormous growth is forecasted by the industry including a prediction that Snapchat advertising revenues will reach $1 Billion by 2017 increasing from this year’s estimate of $366 million. Snapchat has proved successful in it capability…
