Singapore Business Review

New bill passed to strengthen SG's digital defenses
The bill mandates stricter reporting requirements for owners of CII, now including incidents within their supply chains. 
Singapore-ASEAN trade stands at $295.6b in 2023
The direct investment abroad from Singapore to ASEAN also reached $226.1b.
Swan & Maclaren Group bags US28m tender for Six Flags Qiddiya lighting
Six Flags Qiddiya is projected to become the world's biggest theme park.
Singapore rises to 4th amongst world's wealthiest cities
It is home to 244,800 resident millionaires.
IRAS to reclaim $60m from '99-to-1' ABSD loophole exploiters
As of April, IRAS has audited 187 cases related to the scheme, uncovering 166 engaged in tax avoidance practices.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
Far East Orchard posts 54.8% net profit surge in 1Q24
Company credits stable hospitality segment for performance boost.
Manulife US REIT’s occupancy drops to 78.7% in 1Q24
The REIT attributed the drop to TCW's lease expiry.
Keong Hong Holdings warns of impending losses
Higher construction costs impacted the company's bottom line.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
Private home rents dip 1.3% in Q1
Rents fell steepest in the Core Central Region

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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

New bill passed to strengthen SG's digital defenses
The bill mandates stricter reporting requirements for owners of CII, now including incidents within their supply chains. 
Singapore-ASEAN trade stands at $295.6b in 2023
The direct investment abroad from Singapore to ASEAN also reached $226.1b.
Swan & Maclaren Group bags US28m tender for Six Flags Qiddiya lighting
Six Flags Qiddiya is projected to become the world's biggest theme park.
Singapore rises to 4th amongst world's wealthiest cities
It is home to 244,800 resident millionaires.
IRAS to reclaim $60m from '99-to-1' ABSD loophole exploiters
As of April, IRAS has audited 187 cases related to the scheme, uncovering 166 engaged in tax avoidance practices.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
DBS CEO Piyush Gupta sells S$2.69m bank shares
He still holds over 2.715 million shares in DBS.
Far East Orchard posts 54.8% net profit surge in 1Q24
Company credits stable hospitality segment for performance boost.
Manulife US REIT’s occupancy drops to 78.7% in 1Q24
The REIT attributed the drop to TCW's lease expiry.
Keong Hong Holdings warns of impending losses
Higher construction costs impacted the company's bottom line.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
Private home rents dip 1.3% in Q1
Rents fell steepest in the Core Central Region

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