Daily Briefing: Medtech startup DocDoc raises $17.7m in funding round; Over 20,000 locals booked HDB flats under Single Singapore Citizen Scheme

And Shell is mulling the installation of solar panels for its Bukom refining site.

From DealStreetAsia:

DocDoc, a Singapore-based medtech startup, has closed a $17.7m (US$13m) round in the form of a convertible note to support market expansion and product growth.

The round was led by Adamas Finance Asia Limited (ADAM), a London-listed investment company, alongside leading regional family offices, a fund managed by a global investment firm specialising in financial services and the Cyberport Macro Fund.

According to a statement, DocDoc has the largest network of doctors in Asia with over 23,000 doctors and 793 clinics and hospitals across eight countries. It offers services like doctor discovery, telemedicine, and cashless settlements to help patients make better and well-informed healthcare decisions.

DocDoc partners insurance companies and corporates helping them reduce costs while offering better services and differentiated products to their policyholders.

Read more here.

From iCompareLoan:

About 20,100 Singaporeans have booked a two-room or two-room flexi flat in HDB’s Single Singapore Citizen Scheme sales exercises since its inception in 2013, the Minister for National Development revealed.

Speaking at the Parliament, Minister Lawrence Wong said, “about 20,100 Singaporeans have booked a 2-room or 2-room Flexi flat in HDB’s sales exercises under the Single Singapore Citizen Scheme since its inception in July 2013.”

Wong noted that the proportion of male and female flat buyers are “roughly equal”. “Amongst these flat buyers, about 440 subsequently registered a marriage in Singapore, of whom about 80% are male,” he added.

Under the Single Singapore Citizen Scheme, first-timer Single Singaporean Citizens (SC) who are 35 years old and above are eligible for a $25,000 assistance under the Singles Grant. They can also receive monetary assistance between $2,500 to $20,000 under the Additional CPF Housing Grant (Singles), depending on their average monthly household income.

Read more here.

From Reuters:

Royal Dutch Shell is considering to install solar panels to power its Bukom refining site in Singapore, a company spokeswoman told Reuters on Tuesday.

“We are exploring the potential of installing solar panels at our Pulau Bukom Manufacturing Site,” she said, without providing further details.

The Bukom manufacturing site includes a 500,000 barrels-per-day refinery, which is Shell’s largest wholly owned refinery.

The oil and gas company has been exploring solar installations for its other sites in Singapore as part of its plans to improve energy efficiency and reduce carbon footprint.

It has so far identified three manufacturing and logistics sites in Singapore’s western regions of Tuas, Jurong Island and Pandan to install a solar photovoltaic (PV) power generation system, with a combined peak capacity of about three megawatts.

Read more here.

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