Singapore
SATS and SF Group sign MoU to enhance global supply chain collaboration
SATS and SF Group sign MoU to enhance global supply chain collaboration
The partners will expand operations in Singapore, Belgium, and Malaysia.
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
Jardine C&C names John Witt as new chairman
Witt will replace Benjamin Keswick, who was chairman for over 12 years.
New study reveals spinal muscular atrophy risks liver damage
Study shows that SMA mutation reduces the liver's fat metabolism ability.
3 key areas public agencies need to prioritise
This includes the need for enhanced procurement and contract management.
IMDA introduces new digital solutions for retail and security sectors
Around 100 SMEs will benefit from the pilot run of the solutions.
Non-oil domestic exports fall 8.7% YoY in June
The decline in non-electronic NODX contributed largely to the drop.
Singapore GDP up 2.7% in Q1 2024
It was driven by the strong performance in the services and construction sectors.
Intouch and Gulf Energy announce merger to form new public entity ‘NewCo’
Shares of ‘NewCo’ will be listed and traded on the Stock Exchange of Thailand.
Vertex Venture issues new redeemable preference shares
The funds raised will be used for investments in Vertex’s captive and network funds.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
Fintech startup PEXX bags $4.5m in new funding round
It will use the funding for expansion and platform development.
Singaporeans abandon bank applications with long processes: report
One in three will abandon a bank application after 10 minutes.
Prime retail rents up 3.8% in Q1
City fringe retail fueled rental growth.
Singapore stock market kicks off H2 with $400m in net institutional inflows
DBS led the inflows among the STI constituents.
Elite UK REIT inks £135m refinancing deal
Proceeds will go to refinance existing loan facilities.
Two-thirds of Singaporean businesses paid ransoms from cyber attacks: report
Businesses have paid upwards of US$500,000 in ransom.
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Commentary
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