Daily Briefing: Changi Airport Group to commit $10m to upskill staff; Ride-hailing firm Tada bags $6.8m in series A funding

And the Singapore trading team of LNG firm Gazprom resigns.

From Human Resources Online:

Changi Airport Group (CAG) will commit $10m over two years to upskill its 2,000 employees in adaptive, technological and technical skillsets, the company announced. This will prepare them for new jobs and tasks to be created by the company’s digital transformation.

This was announced at the signing of a Memorandum of Understanding (MOU) with the Singapore Manual & Mercantile Workers’ Union (SMMWU) to form a Company Training Committee (CTC).

Under the CTC initiative, CAG employees will have the opportunity to attend up to ten days of digital-focused training over the two years. This includes a growth mindset programme that will strengthen their readiness to embrace new technology.

Read more here.

From DealStreetAsia:

Mobility ecosystem MVL, the company behind ride-hailing firm Tada, has raised $6.82m (US$5m) in its Series A funding round that will fuel the development of its mobility ecosystem and expansion of its existing markets.

In an announcement, the Singapore-based firm said the funding round was led by South Korean venture capital firm SV Investment. Two of South Korea’s largest car parts manufacturers, Central and SIMWON Inc, also participated in the funding round.

According to MVL, this new funding will be used to fund its expansion in existing markets and invest in developing technologies to build new products and services based on MVL’s blockchain.

Investments will be made into developing competencies to deliver innovative new products and services based on MVL’s blockchain, capitalising on the growth of Tada, Southeast Asia’s first blockchain-based zero-commission ride-hailing service.

Read more here.

From Reuters:

The liquefied natural gas (LNG) physical trading team at the Singapore unit of Russia’s Gazprom, including the global head of LNG trading, have resigned from the company, several industry sources said.

The three LNG traders at Gazprom Marketing and Trading Singapore, which is a subsidiary of gas producer Gazprom group, have more than 25 years of combined experience, according to the sources.

There are no immediate plans to shut the Singapore unit, one of the sources with knowledge of the matter said, although Gazprom is reorganising its overseas trading and export operations with hundreds of jobs potentially moving to St Petersburg here

The traders who resigned are Delia Proteasa, head of LNG trading at Gazprom Marketing and Trading, and Akshay Kaul and Aimie Parpia, the sources said. The team handles the company’s physical volumes, they added.

Read more here.