FINANCIAL SERVICES | Staff Reporter, Singapore

Daily Briefing: Online fraud management firm raises $20m in series B round; Government launches 6 industrial sites for H2 2018

And here's why Singtel is faring well despite a heated telco battle in its home turf.

From Dealstreet Asia: 

Singapore-based global online fraud management company CashShield has raised a $20-million Series B round, co-led by Temasek and early backer GGV Capital.

Founded by CEO Justin Lie, CashShield is a fully machine-automated fraud management solution that uses AI and Wall Street trading tools powered by proprietary high-frequency trading algorithms, real-time pattern recognition, and passive biometric analytics.

The latest funding will be used to strengthen CashShield’s end-to-end fraud management technology to provide more comprehensive fraud screening abilities for businesses, financial institutions and government organizations, the company said.

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From iCompareloan:

The Ministry of Trade and Industry (MTI) today launched its Industrial Government Land Sales (IGLS programme) for the second half of 2018 (2H 2018). There will be 6 sites in the Confirmed List and 7 sites in the Reserve List, with a total site area of 12.59 ha.

These include a site in Woodlands Industrial Park E2/E5; Plot 2 Tampines North Drive 3; Plot 27 Tuas South Link 3; Plot B Jalan Lam Huat; Plot 20, Tuas South Link 3; and Plot 1 Jalan Papan. 

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From The Motley Fool:

In FY2018, Singtel’s share of its associates’ post-tax profit was down by 10.9% to S$1.82 billion. At first glance, this is a bad result.

But, there were two main factors that had masked the otherwise good performance of Singtel’s associates. As a quick introduction, Singtel’s main associates and joint ventures are Telkomsel in Indonesia; AIS and Intouch in Thailand; Airtel and BTL in India and Africa; and Globe in the Philippines. In fact, at constant currency terms, and excluding Airtel and BTL, Singtel’s share of its associates’ post-tax FY2018 profit would have been flat at S$ 1.77 billion. 

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