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Articles by Derren Joseph
FastGo launches new ride-hailing price model in Singapore
Instead of collecting 20% commission fee, FastGo charges its drivers a fixed daily amount. After Vietnamese ride-hailing firm FastGo announced its debut in Singapore, 500 drivers have signed up 12 hours after registration. “It is a good signal for FastGo in the Singapore market,” FastGo CEO Max Nguyen told Singapore Business Review.
Users and investors left in limbo after oBike exit
The Consumers Association of Singapore (CASE) has received 259 refund complaints on oBike. Meanwhile, investors believe that oBike sets a bad precedent and could hit bike-sharing firms' potential funding. Lim Wen Sheng started using home-grown bike-sharing app oBike since early last year.
SFA unveils world's first country-level fintech directory
It provides company profiles of around 300 fintech firms in Singapore. The Singapore FinTech Association (SFA) has launched the first country-level FinTech directory in the world. The directory, which is hosted on SFA’s website, provides profile descriptions of approximately 300 FinTech businesses in Singapore – including the company’s background, business model, and funding status.
Keppel axes over 6,000 O&M workers as contracts dry up
It needs to rightsize to stay afloat. Keppel Corporation’s shrinking staff numbers paint a disheartening picture of its battered offshore and marine segment. In its latest earnings presentation, Keppel reported that it has let go of about 6,000 direct staff in its local and overseas yards since January 2015, in a bid to slash costs and optimise its current operations.
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