Singapore Business Review

Singaporean workers wary of trusting AI: report
Workers fear losing control over AI; human oversight crucial to trust.
Daily Markets Briefing: STI up 0.04%; Top stock is DBS
DBS is the top stock despite a 1.204% decrease.
Business park rents grow 2.1% in 1Q24
Rents, however, may soften amidst elevated vacancies.
Singapore office demand softens 
Previously leading office expansions, tech firms and banks are now scaling back.
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.

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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

Singaporean workers wary of trusting AI: report
Workers fear losing control over AI; human oversight crucial to trust.
Daily Markets Briefing: STI up 0.04%; Top stock is DBS
DBS is the top stock despite a 1.204% decrease.
Business park rents grow 2.1% in 1Q24
Rents, however, may soften amidst elevated vacancies.
Singapore office demand softens 
Previously leading office expansions, tech firms and banks are now scaling back.
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.

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