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Homegrown security innovators

V3 TELETECH KEEPING TRACK OF FLEETS, STAFFV3 Teletech was founded in 2002 by a couple of individuals with engineering, logistics and IT backgrounds who were working for an angel fund and decided to branch out after spotting an opportunity in the geospatial wireless space. Armed with funds from the Temasek-linked Angel Technology Fund Investment Company, its first project was to...


Cathay Pacific profit up 20% but lags market estimate

Hong KongCATHAY Pacific Airways Ltd, Asia's largest international airline by number of passengers, has reported profit that lagged behind analyst estimates as losses from fuel hedging masked gains in passenger numbers.Net income rose 20 per cent to HK$3.15 billion (S$565 million) for the year ended December, Hong Kong-based Cathay said in a stock exchange statement on Wednesday. That compared...


More funding to enhance aviation and maritime sectors

SingaporeTWO funds will receive financial injections to help strengthen Singapore's aviation and maritime sectors, by focusing on areas such as talent development.The Civil Aviation Authority of Singapore (CAAS) on Wednesday announced that it will replenish the Aviation Development Fund (ADF) from April 1, with S$160 million over the next five years. The fund, set up in 2010, initially had a size...


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