Singapore's Rising Tech Industry Draws Expat Innovators And Investors
Lower taxes weren't the only thing that attracted Facebook co-founder Eduardo Saverin when he made his new home in Singapore in May. The World Bank lists Singapore as the easiest place to do business. Increasingly, money and talent are drawn to the city-state's tech sector.
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NPR
Malaysian SWF IPO causing a commotion
Despite the sad news of the delay to the Formula 1 IPO, Singapore need not be too disappointed, as the SGX is still getting a cut of the second biggest IPO worldwide since Facebook: the US$2 billion+ flotation of Malaysian SWF Khazanah’s healthcare assets as Integrated Healthcare Holdings (IHH). Many will recall that a healthy chunk of those assets, the Parkway Holdings hospital group from Singapore, came out of private equity hands, when TPG Capital sold up its stake leading to a hotly contested takeover battle that eventually went to Khazanah. Other components include Turkey’s Acibadem AS, India's Apollo Hospitals and Malaysia-based Pantai Hospitals and International Medical University, all in well-liked high-growth markets.
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Week commencing 15/06/12
Despite the sad news of the delay to the Formula 1 IPO, Singapore need not be too disappointed, as the SGX is still getting a cut of the second biggest IPO worldwide since Facebook: the US$2 billion+ flotation of Malaysian SWF Khazanah’s healthcare assets as Integrated Healthcare Holdings (IHH).
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khazanah
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