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SINGAPORE/NEW YORK – Singapore’s Jungle Ventures said on Wednesday it has raised $240 million (S$327 million) from investors, including Temasek Holdings, for a third fund designed to back Southeast Asian startups, highlighting the growing interest in the region’s technology firms.

Jungle Ventures’ latest fund comes as a growing number of venture capital firms, including Vertex Ventures and Golden Gate Ventures, have been raising funds focused on the region this year.

Investors are betting on the market potential of Southeast Asia’s population of 640 million, which is fast going online, and using smartphones to shop, commute and make payments.

The region’s Internet economy is forecast to balloon to $300 billion by 2025 from an estimated $100 billion this year, according to a report by Google, Temasek and consultants Bain & Co.

More than 90 per cent of the capital was from institutional investors, with about 60 per cent coming from outside Asia – mainly the United States and Europe, Jungle Ventures’ managing partner Amit Anand told Reuters.

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SINGAPORE – On the way to the crematorium two days after her young son’s suicide, Ms Doreen Kho vowed that his death would not be in vain.

Eleven-year-old Evan Low jumped off the 16th floor of a condominium block in central Singapore in November 2017.

The eldest of Ms Kho’s four children, Evan wrestled with depression and was often in tears. He was on medication for depression for about five months prior to his death.

“The day before he passed away, he received his Primary 5 maths results. He scored 58 marks. He was devastated,” she said. “We were never focused on the grades, we always told him that his best was good enough. But he felt the peer pressure to perform.”

Her desire to help others led her to search for ways to reach out to suicidal youth and their family.

On Tuesday (Oct 29), Ms Kho, together with five other bereaved mothers launched an advocacy group, PleaseStay., to raise awareness on youth suicides.

Made up of about 14 mothers who had lost children to suicide, the group hopes to be a catalyst for change.

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SINGAPORE – A report has been filed on the alleged doxxing of a man filmed verbally abusing a security officer at his condominium during the Deepavali weekend.

Police confirmed on Tuesday (Oct 29) that a report against harassment was filed over the matter but did not say who lodged the report.

The Straits Times understands that the report was made by the man in the video himself.

Since May, the Protection from Harassment Act (Poha) has been amended to forbid doxxing, or the publication of identifiable information about a person with the intention to harass, cause violence or fear of violence to a person, with those found guilty liable to be jailed up to a year and fined $5,000. It is not clear if the changes are in force yet.

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SINGAPORE – American furniture and homeware brand Crate & Barrel has announced that it will be closing its flagship store in Singapore.

The outlet at Orchard Gateway @ Emerald, which opened its doors to the public five years ago, will remain in operation till Nov 10. The 25,000 sq ft retail space spans five storeys, from basement 2 to level 3.

With the closure, the American brand will have just one remaining store in Singapore, at Ion Orchard.

In a media statement on Tuesday (Oct 29), Crate & Barrel said consumers here can still head to its boutique store at Ion Orchard to view its collection of furniture, kitchenware and other home accessory options. It added that its e-commerce site, which was launched in July last year, will also remain in operation.

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We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends.

‘Cos good things must share.

UP TO 50 PER CENT OFF BEAUTY IN THE POT

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A 50-inch TV came crashing down a condominium building in Pasir Ris on Monday (Oct 29) afternoon.

It was tossed out of a 10th-floor unit by a woman who was said to be facing relationship problems, Shin Min Daily News reported.

“The TV landed on the walkway, and parts of it flew onto a balcony on the second floor,” a 34-year-old resident told the Chinese daily.

He also heard a child’s loud cries from above.

The resident was about to have a barbecue with his family when they were startled by the crash. The affected area was later cordoned off for safety.

According to the Chinese daily, the unit is occupied by a single mum and her two-year-old child, who moved into the condominium about a year ago.

The Singapore Civil Defence Force said that a child was taken to KK Women’s and Children’s Hospital that day.

Meanwhile, the police said a 31-year-old woman was arrested for a case of rash act as well as a drug-related offence.

Investigations are ongoing.

lamminlee@asiaone.com

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The one and only Hideo Kojima is confirmed for an appearance in Singapore as part of a world tour for his upcoming magnum opus: Death Stranding. 

The legendary figure behind a bumper crop of classic video games stands ready to connect with his Singapore fans come Nov 17 at the grand venue of Victoria Theatre, no less.

Death Stranding itself will be released on the PlayStation 4 on Nov 8, so yeah, you can probably bombard the creator himself with all the questions (and there will be many) you might have about the story. 


The Death Stranding World Tour will have Kojima-san kicking off his travels in Paris on Oct 30 before making his way to London, Berlin, New York, San Francisco, Tokyo, Osaka, Singapore, Taipei and Seoul. 

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Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, Minister for Trade and Industry Chan Chun Sing said.

The cost of installing solar power has become more competitive with the use of fossil fuels, making it more attractive as an energy source to reduce pollution and meet emission targets.

“We are now faced with new and urgent challenges in climate change,” Chan said at Singapore International Energy Week on Tuesday.

Singapore, a low-lying country, is vulnerable to rising sea levels while its weather has also become hotter and rainfalls are heavier due to the effects of climate change, the minister said.

“However, Singapore has few alternative energy options. We have limited land area, no hydro or geothermal resources and low wind speeds,” Chan said.

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SINGAPORE – One of the four alleged offenders accused of transmitting obscene materials in messaging application Telegram was handed five more charges involving pornography on Tuesday (Oct 29).

This means, Liong Tianwei, 37, is now accused of nine counts of transmitting pornographic material by electronic means.

He allegedly transmitted the material through Telegram to a chat group called SG Nasi Lemak on eight separate occasions between June and October this year.

Only one of his nine charges did not mention the chat group.

According to his charge, he is said to have transmitted pornography on Telegram between January and October this year.

He was offered bail of $15,000 on Tuesday and will be back in court on Dec 10.

The other three alleged offenders are: Abdillah Sabaruddin, 17; Justin Lee Han Shi, 19, and Leonard Teo Min Xuan, 26.

All four were first taken to court on Oct 15.

Abdillah, Lee and Teo now face two charges each.

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