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IN THE NEWS

EDBI invests in American cyber security company

EDBI, the investment arm of the Singapore Economic Development Board, has invested in United States-based Shape Security, which helps businesses defend against cyber attacks on Web and mobile applications. EDBI contributed to Shape's US$40 million (S$54.5 million) funding round and aims to help the company expand in the Asia-Pacific region. Shape's technology defends against sophisticated automa...


Key shareholders of Poh Tiong Choon Logistics to review their holdings

THE co-founders of Poh Tiong Choon Logistics (PTC Logistics) and some substantial shareholders, who collectively hold a 41.3 per cent interest, are seeking a strategic review of their stakes. They have sent a letter dated Sept 19 to the company, saying that they are in the process of appointing KPMG Corporate Finance for the review. On Sept 20, PTC Logistics requested at 10.25 am a trading halt w...


S'pore keen to join pilot phase of UN carbon offset scheme for aviation

SINGAPORE has joined a number of countries that have indicated their willingness to participate in the pilot phase of the carbon offset and reduction scheme for international aviation (Corsia) that will be put to a vote at the upcoming International Civil Aviation Organization (ICAO) Assembly. ICAO is a United Nations specialised agency. The voluntary phase for the long-awaited global market-base...


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