ECONOMY | Staff Reporter, Singapore

Daily Briefing: National Jobs Council to open job pathways amidst pandemic; Moovaz acquires SPH publication The Finder

And startup Intelllex bags $2.94m from Quest, Reuters, Insignia, others.

From Channel News Asia:

The newly-formed National Jobs Council will focus on identifying and developing jobs, traineeships and skills training opportunities for Singaporeans amid the pandemic, Manpower Minister Josephine Teo.

The council, which includes veteran business leaders from industries and union leaders amongst its ranks, sat for its first meeting on Wednesday.

The National Jobs Council was announced by Deputy Prime Minister Heng Swee Keat in his fourth Budget on 26 May. The council will be focused on developing jobs and building deeper skills, said Heng.

Amongst the matters discussed were priority areas to implement the $2b SGUnited Jobs and Skills Package, which aims to create close to 100,000 opportunities comprising jobs, 25,000 traineeships and 30,000 skills training placements.

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From DealStreetAsia:

Logistics and international relocation service provider Moovaz has entered an agreement with media group Singapore Press Holdings (SPH) to acquire its expat publication The Finder, according to an announcement.

The acquisition, which was completed in May, will add content and community-building to its service.

As part of the acquisition, Moovaz will take over the running of The Finder’s assets, including its quarterly print and digital magazines, The Finder Kids supplements, web content, as well as social media content in Singapore and Malaysia.

The Finder is a free quarterly magazine aimed at helping expats and Singaporeans live well in Singapore. At 27 years, it is the longest-running publication for expatriates in Singapore.

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From Tech in Asia:

AI-powered knowledge management platform Intelllex has secured $2.94m (US$2.1m) in a funding round led by Quest Ventures. Thomson Reuters, Insignia Ventures, K3 Ventures, and a Singapore government-backed venture capital fund also participated, according to a statement.

Quest Ventures partner Jeffrey Seah will join Intelllex’s board of directors following the startup’s latest funding round.

With the new funds, Intelllex plans to extend its services across Europe and Asia Pacific and accelerate the development of new products, said Chang Zi Qian, the startup’s co-founder and CEO.

Intelllex uses AI to convert a company’s knowledge assets into ready-to-use materials that can be easily accessed when needed.

With offices in Singapore and London, Intelllex currently serves law firms, government and regulatory institutions, corporate legal teams, and legal content providers.

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