News
Mm2 Asia disposes 21.02% stake in Vividthree Holdings
Mm2 Asia disposes 21.02% stake in Vividthree Holdings
The company sold 97,553,226 shares to Hildrics Asia Growth Fund VCC.
Singapore leads in crypto adoption with 28% ownership rate: report
This marks a rise from 26% in 2024, placing the city-state ahead of traditionally strong markets like the UK, US, and Australia.
Industrial production may rise as RHB lifts forecast on sector momentum
The bank now sees a “material upside risk” to its earlier forecast of 0.5% growth in industrial production for 2025.
Singapore faces AI adoption hurdles with cost and talent gaps: report
It found that 68% of businesses are still in the early phases of AI adoption.
Four in 10 firms pessimistic about economy: survey
The proportion of companies expecting the economy to worsen over the next 12 months has nearly doubled.
RevPAR drops 5.5% You in May
This was driven by the post-’Taylor Swift effect’ normalisation.
Business receipts fall 3.7% QoQ in Q1 2025
Year-on-year, it grew 6.1%.
CSC Holdings reverses loss in FY2025
The company posted a net profit of $1.9m.
SERT shuffles leadership team after Cabinet, SBF appointments
Desmond Lee stepped down whilst Jeffrey Siow and Teo Siong Seng joined.
ACRA launch first accountancy career guide
Accounting professionals contribute $3b to Singapore’s annual GDP.
DRC Investments will not extend Amara Holdings buyout offer
The company offered to privatise Amara Holdings at $0.895 per share.
Global CBPR Forum launches certification for cross-border data transfers
Around 100 companies are expected to benefit.
Condo resale prices up 5.9% in April
A $13m unit at St Hilltops was the month’s most expensive resale.
BHP to open first industry AI hub in Singapore
It will use AI to tackle key challenges and enhance safety.
Economic pressure, talent shortages slow Singapore’s AI adoption
Over 80% of companies report being hit by global tariffs.
Enigma Health partners with Roche, ST Engineering to boost AI healthcare solutions
ST Engineering will integrate Enigma’s AI model into its Genie Studio platform.
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Commentary
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