Friday Flashback: Singapore Boosts Startup Funding
Know what happened in the APAC region over the past week
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Here's a series on the big developments that took place in the APAC region over the past one week.
- Singapore has set aside additional $74 million for startups and SMEs to foster the entrepreneurial spirit in the nation. The finance minister, Heng Swee Keat, made the announcement in his 2019 Budget speech.
- Indonesia's top five financial companies have decided to merge their digital payment services to challenge Go-Jek and Ovo, the two dominant players in the industry.
- After raising $272 million in Series D funding from Nasdaq-listed YY Inc. last year, Singapore-based social media platform Bigo has announced it will expand in India, Middle East and the US by the end of this year.