ECONOMY | Staff Reporter, Singapore

Daily Briefing: Temasek and Google invest in Indonesian ride-hailing firm; SGX challenged by reputational risks

And here's what you need to do set up a fintech firm in Singapore.

From via Yahoo! Finance:

In recent times, it is common to see the term “fintech” being bandied around in common parlance. Perhaps you yourself may be interested in finding out more about fintech and even starting your own fintech business to ride the fintech wave. However, you may be uncertain as to how to go about doing so.

This article seeks to offer some guidance on the main considerations to bear in mind should you intend to embark on such an initiative.

Read more here.

From Reuters:

Google, Singapore investor Temasek and China’s Meituan-Dianping are investing in Go-Jek as part of a $1.2b fundraising round, bolstering the Indonesian ride-hailing firm in its battle with deep-pocketed rivals Grab and Uber, sources said.

The investments by Alphabet Inc’s (GOOGL.O) Google - its first in a ride-hailing firm in Asia - and the other prominent investors underscore both the potential of the business in Southeast Asia, a region of 640 million people, and the insatiable appetite for funds at ride-hailing businesses.

Read more here.

From The Motley Fool:

Singapore Exchange is a regulator of the Singapore marketplace and public companies. As such, it has to “maintain the highest reputation for supervision and for adherence to regulation.” The company believes that failure to do so will result in market participants losing confidence in it; this could eventually lead to a serious impact on Singapore Exchange’s competitiveness.

Read more here.

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