RAKUTEN Ventures – the venture capital arm of Japan's Internet group Rakuten, that is run out of Singapore – has doubled its Global Investment Fund to US$200 million.

GONE be the idea that the rich will sit idle in their old age, with a UBS survey suggesting that some high net worth individuals in Singapore and Hong Kong view retirement as a chance to start new businesses. The women in Singapore, in particular, show confidence in boosting their retirement fund through new ventures.

DRIVERS of ride-hailing apps such as Uber and GrabCar will need a licence to ply their trade by the first half of next year, and their private-hire cars will have to be registered with the Land Transport Authority (LTA).

TO support companies with sustainable practices in the continuing fight against the haze, the Singapore government will procure only certified green printing paper from the third quarter of this year, said Minister for the Environment and Water Resources Masagos Zulkifli.

ONE day after troubled 1Malaysia Development Berhad (1MDB) and Abu Dhabi's sovereign wealth fund issued conflicting statements on a US$3.5 billion payment, Swiss authorities have weighed in and appeared to have shed some light on the matter.