CNA938 Rewind - Mind Your Money - Trust and leadership ver A.I.
CNA938 Rewind
AI is transforming how teams work, and how leaders build trust, connect and guide people through change. Cheryl Goh dives into why emotional intelligence and transparent communication are key to leading in a tech-driven world with Elayne Gan, General Manager, APAC at Dow Jones
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Independent Singapore
17 minutes ago
- Independent Singapore
Myntra Global launches in Singapore as prelude to broader internationalisation
SINGAPORE: India's leading fashion and e-commerce platform, Myntra, has expanded internationally through the launch of Myntra Global in the Southeast Asian city-state of Singapore. It targets the city-state's roughly 650,000-strong Indian diaspora, its Singapore edition features over 35,000 shoppable styles across more than 100 homegrown brands, promises four-to-seven-day delivery from India, and is supported by a recent S$124 million capital infusion from its Singapore-based parent. This latest development signals Myntra's ambition to leverage data-driven insights and cross-border logistics. It seeks to establish a foothold in a mature Southeast Asian market as a prelude to broader global expansion. Myntra Global represents the Flipkart-owned company's first direct-to-consumer platform outside India. CEO Nandita Sinha highlighted that organic Singapore traffic, estimated at roughly 30,000 monthly visitors, prompted the rollout. Overall, the platform sees 70 million monthly active users. The Singapore edition aims to cater to the fashion needs of expatriates and diaspora communities, including those linked to Indian festivals, weddings, and everyday wear. It launches with approximately 35,000 styles from over 100 Indian labels, including Aurelia, Global Desi, Libas, W, Anouk, and Chumbak. See also Nas Studios is advertising for the National Youth Council now This spans apparel, footwear, accessories, and home décor. Orders are shipped directly from India via third-party cross-border logistics, with expected delivery times of four to seven days. By targeting the Lion City first, Myntra seeks to capture 12% to 15% of the Indian consumer segment in Singapore. The S$124 million capital injection from parent firm FK Myntra Holdings underscores confidence. The funds will be allocated towards investments in marketing, technology, and logistics. Singapore's mature e-commerce market sees gross merchandise volume projected to reach S$14.12 billion (US$11 billion) in 2025. Local platforms Lazada, Shopee, and Zalora dominate, but niche offerings targeting diaspora tastes remain underserved, and Myntra's catalogue of culturally resonant brands and data analytics capabilities may help it carve a niche. Myntra views Singapore as a 'launchpad' for refining its global playbook prior to greater internationalisation in Southeast Asia and other markets. The company intends to leverage the template developed in the city state, hinging on seamless delivery, localised customer support, and effective marketing to diaspora networks as a template for further overseas expansion.
Business Times
25 minutes ago
- Business Times
DayOne seeks US$1 billion private credit for data centre expansion
[SINGAPORE] DayOne Data Centers Singapore is seeking a private credit loan of at least US$1 billion to fund its expansion plans, according to people familiar with the matter. The proposed loan, which can be upsized by an additional US$250 million, is set to pay an interest of 9.5 per cent to 10 per cent, the people said, who asked not to be identified discussing private matters. The financing will have a four-year tenor and may include a payment-in-kind piece, they said. The deal is still in early stages and could be subject to change, the people said. Singapore-headquartered DayOne did not respond to a request for comment. Artificial intelligence advances are fuelling demand for data centre fundraisings in Asia, a region that has seen a series of record breaking loans. Some of these deals go beyond the traditional bank lending space, which is struggling to keep up with the rapid pace of expansion for data storage and processing. Demand for data centre expansion in Asia is set to grow by about 32 per cent a year in the region through 2028, according to real estate services firm Cushman and Wakefield, outpacing expected growth of 18 per cent in the US. Last week, DayOne, formerly the international arm of GDS Holdings, secured RM15 billion (S$4.5 billion) of multicurrency loans to support its green data centres in Malaysia's Johor state, Bloomberg News reported. The facility, which is its biggest-ever borrowing, is also among the largest syndicated financings for the sector by a borrower in Asia. BLOOMBERG
CNA
39 minutes ago
- CNA
CNA is most used online news source in Singapore: Reuters Institute report
SINGAPORE: Mediacorp's CNA is the most used online news source in Singapore, with its website having a weekly reach of 47 per cent, according to the Reuters Institute Digital News Report 2025 published on Tuesday (Jun 17). The same report also named CNA as the second most trusted news brand in Singapore, with a brand trust score of 74 per cent. The Straits Times, owned by SPH Media Trust, is this year's most trusted news source, garnering a 75 per cent score. Channel 5, which broadcasts News Tonight – a daily television news bulletin on Mediacorp's free-to-air English language channel – ranked third at 73 per cent. Channel 8, also a Mediacorp free-to-air channel with a daily television news bulletin, came in fourth at 70 per cent. Overall trust in news in Singapore remained stable at 45 per cent. 'Most legacy news brands have retained or improved their brand trust scores this year, while alternative and independent outlets still rank lower, partly due to their limited track record and emphasis on viral news,' the report said. In terms of online reach, Mothership came in second behind CNA's website, with its weekly usage at 46 per cent. The Straits Times' website ranked third at 41 per cent. The report noted that online and social media remained the most common ways of accessing news in Singapore, while the use of both TV and print have declined significantly over the last few years. Most survey participants do not pay for news, it added. Mediacorp said it is heartened by the continued trust that audiences place in its news brands, as reflected in the report. 'The strong showing – with three out of four Mediacorp brands scoring over 70 per cent in trust, and CNA's standing as the most used online news source in Singapore – underscores the steadfast commitment of our teams to upholding the highest standards of journalistic integrity, and further reinforces our leadership in the digital news space,' said Mediacorp CEO Tham Loke Kheng. 'As the media landscape continues to evolve, we are focused on innovating with content that resonates with today's audiences, while staying true to our purpose of being the most trusted and relevant source of news for all Singaporeans.' This year, 2,014 people in Singapore were surveyed as part of the annual report commissioned by the Reuters Institute for the Study of Journalism to understand how news is being consumed in different countries. The Reuters Institute for the Study of Journalism is a research centre at the University of Oxford that tracks media trends. The Thomson Reuters Foundation, the philanthropic arm of Thomson Reuters, funds the Reuters Institute. Samples were assembled using nationally representative quotas for age, gender, and region in every market. Education and political quotes were also applied in certain countries. Research was conducted by YouGov between mid-January and the end of February this year.
