News

Keppel 25-year fibre deal links Singapore-US via Bifrost cable

The system forms the core of Keppel’s integrated connectivity platform.

Wang sells entire 7.9% Low Keng Huat stake for $45.6m

He disposed 58,546,000 shares, taking his interest to zero.

Industry space to cross 1 million sqm as factory stock expands

Single-user factories make up over half of the new supply.

Floating nuclear plants and SMRs weighed for Singapore energy security

The study will assess advanced nuclear’s fit with Singapore’s geography and regulations.

Grab launches iPhone tap-to-pay feature

Merchants can accept contactless cards without POS hardware.

Changi logs 69.98 million passengers in 2025 as China traffic rises 12.2%

Vietnam and Japan followed, growing 9.8% and 7%, respectively.

Food Empire offloads 1 million shares to boost working capital

The deal, made through a married deal, involves an international institutional investor.

Level3AI raises $16.6m to expand enterprise AI platform

The funding will scale voice and chat automation across Asia-Pacific markets.

Construction to outperform as public works anchor $30b–$40b demand: UOB

PUB puts the full DTSS programme at about $10b, whilst the Cross Island Line is seen above S$40b.

Raffles Education issues 338,461 shares after bond conversion

The conversion lifted issued shares to 1,530,727,865, with new shares set to trade on SGX-ST on 22 Jan.

Singapore AI drive to sustain productivity and wage growth: Teo

Teo cites 50 centres built in 12–18 months and a digital economy share of 18.6% of GDP.

HRnetGroup wins 3-year Sentosa deal after 8-way tender fight

Octomate will implement a workforce management system for Outward Bound Singapore's 250 staff.

New home sales sink 39.4% on December launch drought: ERA

Absence of new launches led to just 197 sales whilst one deal carried a $23.3m price tag.

Toku public offer 31.9 times oversubscribed in $16.25m IPO

Toku will list 22 Jan under TKU after raising $16.25m from 65.0m shares, with the placement fully taken by noon 20 Jan.

Daily Markets Briefing: STI up 0.38%; Top stock is CityDev

CityDev is the top stock with a 2.65% increase.

AF Global subsidiary sells 55% Xuzhou JV stake for $26.24m

LCLPL will receive $8.31m in cash and $17.93m via debt assignment.