SDAX

29/10/2026

Property can be more than an asset on a balance sheet. It can also help a business access capital for what comes next.

Unlimited Fund6 focuses on property-backed financing for Singapore SMEs, supporting needs from working capital and short-term liquidity to refinancing. Behind it is the wider Unlimited Fund business, which has its roots in real estate.

Local property knowledge is an important part of its practice, alongside understanding borrowers' businesses and ongoing loan monitoring. Together, these form key elements of its property-backed lending approach.

Meet Unlimited Fund6 and the business behind it. Click the link.

https://www.sdax.co/our-issuers/unlimited-fund-6-pte-ltd/

28/10/2026

Southeast Asia’s start-up funding market appears to be recovering. Equity funding has reached a four-year high in 2026, yet the region produced no new unicorns for the first time since 2018.

The gap is not necessarily at the beginning. The harder part comes later, when promising companies need larger pools of capital to expand, strengthen teams, enter new markets and eventually reach a credible exit.

That is where the regional funding ecosystem remains less developed.

Nearly 92 per cent of regional equity funding went to Singapore-based companies in the first half of 2026, highlighting both Singapore’s strength as a capital centre and how uneven the wider regional funding landscape remains.

The next phase of Southeast Asia’s growth story therefore needs more than start-up capital. It needs deeper growth equity, private credit, structured financing and better exit routes to help successful businesses keep scaling without giving up too much ownership too early.

The region does not need only more start-ups. It needs more ways to finance what comes after.

Click the link to read the full article. For further enquiries, please contact us at [email protected].

Southeast Asia’s start-up funding market appears to be recovering. Equity funding has reached a four-year high in 2026, yet the region produced no new unicorns for the first time since 2018. Those two facts sit uneasily together, and that tension tells us more than the headline funding number alon...

24/10/2026

Caught or farmed?

One relies on what the ocean can provide. The other could help determine how we feed a growing world.

And could part of the answer lie in a country with very little room to farm?

In this edition of Song Seng Wun's , Song brings an economist's perspective to a familiar choice, exploring how rising demand, advances in technology and the economics of fish farming are changing the way we think about seafood.

For Singapore, which imports more than 90% of its food, the opportunity goes beyond producing more locally. It's about making aquaculture sustainable, commercially viable and resilient enough to strengthen our food supply.

But when it comes to his own plate, does Song's economic reasoning influence his personal preference?

Watch the video to find out.

20/10/2026

A decision on diesel may tell us more about the global economy right now than another growth forecast.

With US inflation back at 3.7 per cent and fuel costs rising sharply, Washington has agreed to import Russian diesel in an effort to bring domestic prices down ahead of the midterms.

The significance goes beyond one shipment of fuel.

Energy is increasingly shaping the choices available to governments, central banks and businesses. It is keeping inflation uncomfortable, delaying the prospect of easier monetary policy and raising costs even as global growth, Chinese exports and Singapore’s economy remain surprisingly strong.

For Singapore, that tension matters. Growth and exports are holding up, but an open economy can import higher energy and shipping costs just as quickly as it benefits from stronger global demand.

The expansion remains intact. The question is how expensive it becomes to sustain.

Click the link to read the full article. For further enquiries, please contact us at [email protected].

A decision on diesel may tell us more about the global economy this week than the latest growth forecast. Ahead of the US midterm elections, President Trump agreed to import Russian diesel in an attempt to lower domestic fuel prices. It is an unusual move, and its significance goes beyond the fuel i...

19/10/2026

Later-life lending isn’t only about age. It’s about how affordability is assessed, who can access credit and how that lending is funded.

That is where LiveMore comes in. In this issuer spotlight, we take a closer look at LiveMore Funding 26-2 Limited, part of the LiveMore Group and an issuer on SDAX. It provides an additional source of private-market funding alongside the Group’s existing institutional channels, supporting LiveMore’s broader UK mortgage lending activities.

Founded in 2018, LiveMore was built around a different view of later-life borrowing, looking beyond conventional income patterns to consider pensions, savings, rental and self-employed income. Today, the Group has originated over £1 billion in mortgage loans and serves around 7,000 customers, with an average borrower age of 65.

Explore LiveMore, its approach to later-life lending and the funding model behind it. Link in bio.

13/10/2026

Singapore has had a free trade agreement with the US since 2004. Yet a new 12.5 per cent Section 301 tariff now affects roughly one-third of Singapore’s domestic exports to the US, even with major categories still exempt.

That does not mean the FTA has stopped mattering. It means trade has acquired another layer.

Today, market access is shaped not only by tariffs, but also by national-security reviews, export controls, supply-chain requirements, investment screening and industrial policy. For companies, that means compliance is becoming part of competitiveness.

For Singapore, the challenge is clear. Keep defending the formal rights that come with the FTA, while continuing to strengthen the reasons companies choose Singapore in the first place.

Because in a more conditional trading system, reliability, transparency and economic relevance matter just as much as preferential access.

Click the link to read the full article. For further enquiries, please contact us at [email protected].

Singapore has had a free trade agreement with the United States since 2004, one of the longest-standing such arrangements the US has in Asia. Yet more than two decades later, a new 12.5 per cent Section 301 tariff now applies to a range of Singapore goods, affecting roughly one-third of domestic exp...

12/10/2026

Two sessions, one closer look at a part of the mortgage market many investors rarely see.

Across our Breakfast Club and Happy Hour with LiveMore, we explored how the UK later-life mortgage market is evolving, why the needs of older homeowners are changing, and how specialist lending is responding to that shift.

Daniel McGonigle, Head of Global Investor Relations at LiveMore Group, took us through the market from the borrowers these mortgages are designed for to the role institutional capital has played in supporting the sector’s growth. It was also an opportunity to look more closely at how mortgage-backed investments are structured, the characteristics investors should understand, and where this segment sits within the broader fixed-income landscape.

Thank you to everyone who joined us across both sessions and contributed to the discussion. For those who couldn’t make it this time, we hope to welcome you at a future session as we continue to explore different corners of the private markets and the ideas shaping them.

06/10/2026

Singapore’s AI story is becoming more physical.

Manufacturing output is rising, electronics remain strong, and AI-related demand continues to support the factory cycle. But the more important development may be what is being built underneath that momentum.

In the space of two days, Singapore opened an SGD 8.5 billion wafer fabrication plant and its first advanced chip-substrate facility, adding capacity at two different points of the semiconductor chain.

That matters because export growth can turn quickly. Physical capacity, technical capability and supply-chain relationships are harder to replicate and potentially more durable.

Singapore already produces about one in ten chips globally and roughly a fifth of the world’s semiconductor equipment. The question now is whether today’s AI boom can be converted into an industrial position that remains valuable after the cycle eventually cools.

Strong demand tells us where momentum is today. What gets built while that momentum lasts may tell us much more about what comes next.

Click the link to read the full article. For further enquiries, please contact us at [email protected].

The most interesting divergence in markets this week is not between growth and inflation. It is between investment and hiring. US payrolls added only 29,000 jobs in September, well below expectations, while wage growth slowed to its weakest pace since May 2021. Yet global manufacturing accelerated t...

03/10/2026

Tesla and BYD have left petrol behind. Petroleum hasn't left them.

The shift to electric vehicles may be changing how we power our cars, but our dependence on petroleum goes far beyond the petrol pump. From plastics to toothpaste and countless everyday products, its reach is much wider than most of us realise.

In this edition of Song Seng Wun's , Song looks beyond the usual petrol-versus-EV debate through the lens of an economist, examining how deeply oil remains embedded in the wider economy and why a change in its price can ripple through the cost of almost everything around us.

So, EV or petrol?

Watch the video to find out what Song picks, and why.

01/10/2026

Private credit isn’t only about yield. The more interesting questions are how credit is underwritten, where capital goes and what it enables.

FS Capital, part of Funding Societies, joins SDAX as our newest issuer. Its clear role is to raise on-balance-sheet debt and deploy it into SME financing across the region in Singapore, Malaysia and Indonesia.

Since 2015, Funding Societies has facilitated over S$7 billion in financing through more than 5 million transactions. But scale is only part of the story.

Behind those numbers is a broader story about structuring capital around the realities of SMEs and directing it towards businesses that carry much of the region’s economic weight.

Discover FS Capital and the platform behind it.

https://www.sdax.co/our-issuers/fscapital-pte-ltd/