- The Daily Scan (Singapore)
- Posts
- Singapore’s Temasek cuts back on start-up investments
Singapore’s Temasek cuts back on start-up investments
Plus, cybersecurity certifications a must for government contracts
Anand Srinivasan
June 06, 2025
“"Management is doing things right; leadership is doing the right things.": Peter Drucker
Today’s top stories:
Singapore’s Temasek cuts back on start-up investments
Vendors need Cyber Trust mark certification to bid for government contracts
3 in 5 Singaporeans live paycheck to paycheck
Local production of veggies, seafood fell in 2024
Singapore’s Temasek cuts back on start-up investments
Temasek more bearish on high-risk unlisted companies
Early stage investments dropped from $4.4 billion in 2021 to $509 million in 2024
Number of first round investments dropped from 82 in 2021 to 11 in 2024
Possible reasons: interest rate rises and following some embarrassing blow-ups
Collapsed startups include crypto exchange FTX, and Indoesian agritech eFishery
Vendors to need Cyber Trust mark certification to bid for government contracts
Vendors may require cybersecurity certifications - the Cyber Essentials or Cyber Trust mark to license or bid for government contracts
Cyber Essentials Mark: Designed primarily for small and medium enterprises (SMEs)
Cyber Trust Mark: Aimed at organizations with more extensive digitalized business operations
3 in 5 Singaporeans live paycheck to paycheck
60% of Singaporeans living paycheck to paycheck in 2024
26% held multiple jobs
Two-thirds of people holding three jobs struggle to make ends meet
Local production of veggies, seafood fell in 2024
Local food production < 10% of total demand in 2024
Local food production as percentage of total demand:
Vegetables: 3%
Seafood: 6.1%
Both declined from 2023
Number of land farms and sea bed farms also dropped in 2024
Egg farms produced 34.4% of total demand (up from 2023)
Chart of the day
Upcoming and Ongoing events
June 06 - 09 2025
Unique B2B and B2C concept food exhibition
June 13 · 7 - 10pm
By Money Mastery (Singapore) Toastmasters Club
June 18 - 19 2025
50+ speakers and 500+ attendees