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Carousell fined S$58,000 for data leaks, over 2.6 million users affected

carousell

Carousell has been fined S$58,000 over two separate data breaches in 2022, one of which exposed the personal data of approximately 2.6 million Carousell users. The breaches were detailed in a judgment by the Personal Data Protection Commission (PDPC) yesterday (February 22). The first data breach occurred in July 2022 when Carousell implemented changes to […]

Don’t learn to code: Nvidia’s founder Jensen Huang advises a different career path

Disclaimer: Unless otherwise stated any opinions expressed below belong solely to the author. Nvidia, the long-time graphics card company turned AI giant, joined the US$1 trillion valuation club last year and is now just US$50 million shy of US$2 trillion, following the surge in demand for its accelerator cards that large language models like ChatGPT […]

ESG reporting can be hard, Pantas & Solarvest want to simplify it for M’sian corps

To promote sustainable energy practices, Pantas Software Sdn Bhd, a carbon management and ESG solutions provider, has brought on Solarvest Holdings Bhd as a decarbonisation partner. Described as a solar energy expert, Solarvest offers a range of clean energy solutions and is currently venturing into other clean energy solutions including hydrogen, battery storage, data center, […]

Bean-free coffee? S’pore foodtech startup Prefer secures US$2M in seed funding

prefer seed funding

Prefer, a Singapore-based coffee startup, announced today (February 22) that it has raised US$2 million in its seed funding round led by investment company Forge Ventures. Other investment entities participated in the funding round, namely 500 Global, Accelerate Technologies, Better Bite Ventures, Sopoong Ventures, SEEDS Capital and Entrepreneur First, and Phillippine coffee startup Pickup Coffee. […]

Digital Penang is seeking 10 hardtech & deeptech startups to propel in a new “inculerator”

Digital Penang, a government-linked company owned by the Penang State Government, has launched a Hardtech Inculerator Programme 2024 (HIP24). According to a February 20 press release, HIP24 aims to bridge the gap between hardware-based technology and deeptech development and commercialisation with the goal of enhancing the digital economy in Penang. Deeptech and hardtech are terms […]

Finally, cross-border drone deliveries can take off in M’sia with this Aerodyne partnership

Are we witnessing the takeoff of commercial drone deliveries in the region? Malaysian dronetech startup Aerodyne Group (Aerodyne) has inked an agreement with Singapore-headquartered DroneDash Technologies (DroneDash), a press release announced. This initiative is set to introduce cross-border drone delivery services between Malaysia and Singapore. Leveraging the specialised technologies of both companies, such deliveries will […]

M’sian ecommerce merchants can get a cut from this Sidec award’s prize pool of RM100,000

Calling all ecommerce entrepreneurs, the Top E-Commerce Merchant (ECM) Awards is now welcoming entries for the 2024 edition of its programme. Now entering its ninth year, the Top ECM Awards is presented by the Selangor Information Technology and Digital Economy Corporation (Sidec) with the objective to celebrate those demonstrating excellence and innovation in the digital […]

They transformed a rain shelter in Putrajaya Botanical Garden into a now-viral juicery

Describing itself as a “cave-themed” cafe due to its rugged stone wall and dim lighting, Gua. Juicery is a Muslim-owned fruit-centric cafe established in the tail end of 2023. Fresh fruit juice and grab-and-go pastries might not sound like novel offerings, but its location provides something unique compared to the usual juice spot. Tucked away […]

Budget 2024 in focus: Here are some key takeaways for S’porean businesses

1. S$1.3 billion Enterprise Support Package to help businesses manage costs During his Budget 2024 speech today (February 16), Deputy Prime Minister and Minister for Finance Lawrence Wong announced an S$1.3 billion Enterprise Support Package to help businesses in Singapore manage rising costs.  The Enterprise Support Package comprises a corporate income tax rebate, enhancements to […]

Budget 2024: S’pore to provide 50% personal income tax rebate, capped at S$200

income tax

 In light of rising cost-of-living concerns, DPM Lawrence Wong announced in his Budget speech today (Feb 16) that the government will provide a personal income tax rebate of 50 per cent for the Year of Assessment 2024. The rebate will be capped at S$200. The move, which will cost the government about S$350 million, will allow more […]

Budget 2024: More financial support for ITE, Special Needs Children to further their education

ITE Students

Deputy Prime Minister Lawrence Wong announced in his speech for Budget 2024 today (February 16) that Institutes of Technical Education (ITE) graduates aged 30 and below will receive financial support to further their education. DPM Wong introduced the ITE Progression Award, where graduates eligible S$5,000 in their post-secondary education accounts when they enrol in a […]

Budget 2024: Rebates to be given to soften property tax changes

HDB Singapore

In his Budget 2024 speech, DPM Lawrence Wong announced that the annual value (AV) bands for owner-occupied properties are raised from 2025 onwards, allowing some home owners to pay less property taxes as a result. The lowest AV band threshold will be raised from S$8,000 (US$5,900) to S$12,000. The highest threshold will increase from over […]

Budget 2024: CPF contribution rates to raise by 1.5% points from 2025

The Singapore government has announced today (February 16) that the Enhanced Retirement Sum will be raised and the CPF contribution rates for those aged 55-65 will increase by 1.5 percentage points from 2025 onwards. In his speech for Budget 2024, Deputy Prime Minister Lawrence Wong has also announced that the Special Accounts in CPF will […]

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