SINGAPORE – Singapore-based companies have made a strong showing in an inaugural list of Asean’s 30 top tech start-ups, accounting for 21 of them.
The companies on the list, in industries such as digital finance, logistics automation and clean energy, were selected for their innovative use of technologies such as artificial intelligence . The firm has US$5 billion in assets under management, and has invested in 48 companies valued at over US$1 billion and supported 29 initial public offerings .
In August, the Monetary Authority of Singapore established a review group consisting of representatives from both the private and public sectors to propose measures to revitalise SGX. MAS said then that the recommendations will be made to attract primary and secondary listings to the Republic. “We have systems in place that require innovation, and we are one of the few regions in the world experiencing growth,” he said.
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