Singapore Business Review

Glencore-Chandra Asri JV acquires Shell SG's energy and chemical assets
The companies expect to complete the transaction by year-end
New bill passed to safeguard Singapore's transport sector
This is in response to evolving threats including the possibility of malicious interference.
2-storey Bussorah Street shophouse for sale for $5.18m
The expression of interest is until 15 June.
DBS names Ping An Tech’s Eugene Huang as bank CIO
Huang led a team of 22,000 employees in Ping An to provide IT offerings.
Singapore property tax hike dents FHT's 1H24 bottom line 
In 1H24, the REIT reported a 1.3% YoY lower NPI.
MTI and EMA seek feedback on energy legislation changes
The public consultation will end on 5 June.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Gov’t eyes tighter measures vs. money laundering
A possible amendment to the law includes giving regulators access to suspicious transaction reports.
4 in 5 businesses say generative AI adds value: study
Meanwhile, some of the respondents are uneasy about its future.
Singapore and UK strengthen collaboration in sustainable finance
The countries vowed to bolster financing for net zero agenda.
Olam Agri raises offer for Namoi to A$0.70 per share
Namoi's biggest shareholder has backed Olam's offer.
Prime US REIT's net property income dips 11.7% YoY to US$20.8m
The REIT faced lower occupancy and higher finance expenses.
SGX derivative volumes spike in April
It rose by 36% YoY to 24.1 million contracts.

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Exclusives

Exclusives

HR & Education New guideline restricts rejections of flexible work arrangement requests to business factors
By December this year, employees whose requests were rejected based on bias can seek union aid.
Food & Beverage Startup future-proofs coffee with bean-free alternative amidst climate crisis
Prefer transforms surplus ingredients like day-old bread, soybean pulp, and barley grains into bean-free coffee.
Financial Services Industry boosts accounting appeal with new roles, education programmes
There has been a 10% decrease in accounting degree students at universities in Singapore.
Markets & Investing 20 Hottest Startups of 2024
Sustainability-focused startups dominated the list.
Commercial Property Colliers transforms Singapore office into regional powerhouse
The newly revamped office showcases Colliers’ commitment to innovation, collaboration, and sustainability.
Markets & Investing Days of excess are over, investors warn founders
Deal activity in Asia Pacific fell 26.3% YoY in 2023.
Markets & Investing Sustainability, biomedical startups draw investors, founder focus
A nine-month study in 2023 showed green tech investments totalling $268.5m (US$201m).

Top News

Glencore-Chandra Asri JV acquires Shell SG's energy and chemical assets
The companies expect to complete the transaction by year-end
New bill passed to safeguard Singapore's transport sector
This is in response to evolving threats including the possibility of malicious interference.
2-storey Bussorah Street shophouse for sale for $5.18m
The expression of interest is until 15 June.
DBS names Ping An Tech’s Eugene Huang as bank CIO
Huang led a team of 22,000 employees in Ping An to provide IT offerings.
Singapore property tax hike dents FHT's 1H24 bottom line 
In 1H24, the REIT reported a 1.3% YoY lower NPI.
MTI and EMA seek feedback on energy legislation changes
The public consultation will end on 5 June.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Gov’t eyes tighter measures vs. money laundering
A possible amendment to the law includes giving regulators access to suspicious transaction reports.
4 in 5 businesses say generative AI adds value: study
Meanwhile, some of the respondents are uneasy about its future.
Singapore and UK strengthen collaboration in sustainable finance
The countries vowed to bolster financing for net zero agenda.
Olam Agri raises offer for Namoi to A$0.70 per share
Namoi's biggest shareholder has backed Olam's offer.
Prime US REIT's net property income dips 11.7% YoY to US$20.8m
The REIT faced lower occupancy and higher finance expenses.
SGX derivative volumes spike in April
It rose by 36% YoY to 24.1 million contracts.

Exclusives

HR & Education New guideline restricts rejections of flexible work arrangement requests to business factors
By December this year, employees whose requests were rejected based on bias can seek union aid.
Food & Beverage Startup future-proofs coffee with bean-free alternative amidst climate crisis
Prefer transforms surplus ingredients like day-old bread, soybean pulp, and barley grains into bean-free coffee.
Financial Services Industry boosts accounting appeal with new roles, education programmes
There has been a 10% decrease in accounting degree students at universities in Singapore.
Markets & Investing 20 Hottest Startups of 2024
Sustainability-focused startups dominated the list.
Commercial Property Colliers transforms Singapore office into regional powerhouse
The newly revamped office showcases Colliers’ commitment to innovation, collaboration, and sustainability.
Markets & Investing Days of excess are over, investors warn founders
Deal activity in Asia Pacific fell 26.3% YoY in 2023.
Markets & Investing Sustainability, biomedical startups draw investors, founder focus
A nine-month study in 2023 showed green tech investments totalling $268.5m (US$201m).

Join the Singapore Business Review community