Singapore on Monday announced new work visa rules to woo foreign talent as the Asian financial hub looks to bolster its recovery from the COVID19 pandemic. The measures include a new five-year visa for people earning at least S$30,000 ($21,445.42) a month that allows holders to job for multiple companies at one time and grants their spouses eligibility to work. The new visa will be available from January. Singapore, a popular location for foreign firms… Continue reading Singapore introduces new work visa for those earning at least S$30,000 a month
Category: Tech News
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Japan’s Olympus Corp. to sell microscope unit to Bain for $3.1b
Olympus Corp said on Monday it had agreed to sell its microscope unit to private equity firm Bain Capital for 427.6 billion yen ($3.1 billion), in what would be the Japanese company’s biggest divestment yet. The sale of the unit, which also makes industrial endoscopes and X-ray analysers, comes as Olympus speeds the overhaul of its business portfolio,… Continue reading Japan’s Olympus Corp. to sell microscope unit to Bain for $3.1b
India’s Merak Ventures launches $100m fund to invest in 18-20 early-stage startups
Merak Ventures, an early-stage venture capital firm, has launched a new fund with a target corpus of $100 million to invest in 18-20 Indian startups over the next three-four years, it said in a press statement. While the fund will remain sector-agnostic, some investment themes it will proactively chase include climatetech (encompassing agritech, mobility, carbon,… Continue reading India’s Merak Ventures launches $100m fund to invest in 18-20 early-stage startups
US theaters will sell $3 movie tickets on September 3rd
For all the conveniences of streaming, there’s still something to be said about venturing out to see a film at a movie theater. Sure, there isn’t an endless amount of choice, and you can’t pause when something else requires your attention but seeing a compelling film on the silver screen is its own treat. On… Continue reading US theaters will sell $3 movie tickets on September 3rd
Amazon’s Echo Show 10 is on sale for $200 right now
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. Anker chargers aren’t the only thing on sale at Amazon this weekend. The retailer has also discounted… Continue reading Amazon’s Echo Show 10 is on sale for $200 right now
Thailand’s insurance market is on the cusp of consolidation
Thailand’s insurance market is set to witness major consolidation given the recent bankruptcies of COVID-hit companies in the sector, entry of foreign players, and new capital requirements, say experts DealStreetAsia spoke to. At least five Thai insurance companies, that sold low-cost COVID-19 policies, have gone bankrupt recently, raising fears of a domino effect on the… Continue reading Thailand’s insurance market is on the cusp of consolidation
Indonesia’s F&B tech startup ESB raises $28.9m in new round
Indonesian restaurant tech startup Esensi Solusi Buana, better known as ESB, has secured $28.9 million in a Series C round from various investors, according to regulatory filings accessed by DealStreetAsia. Northstar Group led the round with $16.2 million while Alpha JWC contributed about $5.5 million, according to ESB’s filings with Singapore’s Accounting and Corporate Regulatory… Continue reading Indonesia’s F&B tech startup ESB raises $28.9m in new round
Singapore-based Heritas Capital launches $50m impact fund
Singapore-based private equity firm Heritas Capital has launched a $50-million impact fund, seeking to back 10-15 innovative and high-growth social enterprises across Asia. The vehicle, Asia Impact First Fund (AIFF), will look for social businesses “with a clear and demonstrated social and/or environmental impact, and viable business growth plans”, Heritas Capital said in a statement.… Continue reading Singapore-based Heritas Capital launches $50m impact fund
Trademark filings point to ‘Reality’ branding for Apple’s mixed reality headset
Trademark filings spotted by Bloomberg suggest Apple might incorporate “Reality” in the name and branding of its long-rumored mixed reality headset. Three separate filings show trademarks for “Reality One,” “Reality Pro,” and “Reality Processor,” matching the realityOS name that cropped up in Apple’s code and a trademark application that potentially refers to the headset’s operating… Continue reading Trademark filings point to ‘Reality’ branding for Apple’s mixed reality headset
Can battery recycling help end US reliance on China?
The Inflation Reduction Act, signed into law by President Joe Biden earlier this month, puts the U.S. on the path toward realizing its carbon reduction goals, in part by spurring its EV market. It has also plunged that same market into short-term chaos by requiring entire supply chains to be restructured in just a few… Continue reading Can battery recycling help end US reliance on China?