News
SATS completes sale of 49% stake in SERVAIR-SATS
SATS completes sale of 49% stake in SERVAIR-SATS
It agreed to sell 509,600 ordinary shares in SERVAIR-SATS.
Condo resale prices up 5.3% in May
A $9m unit at Wing On Life Garden was the month’s most expensive resale.
AWS launches innovation hub in Singapore
AWS and Digital Industry Singapore also launched the AI Springboard initiative.
Top Glove profit soars 222% to $21.4m in 9MFY2025
For 3QFY2025, PATAMI rose 17% QoQ to $10.5m.
Tender for Dunearn Road residential site closes
A Frasers-led consortium submitted the highest bid.
SBF calls for deadline extension on ISSB climate reporting for smaller listed firms
It outlined four key recommendations.
SATS’ CFO Manfred Seah to step down on 25 July
Seah holds 694,603 ordinary shares in SATS.
AEM Holdings raises H1 2025 revenue outlook
It resulted from an unexpected pull-in of orders from one of the group’s customers.
Aztech unit sells Johor property for $8.73m
Upon completion of the sale, Aztech will report a net gain of $4.15m (RM13.7m).
UMS Integration receives approval for Bursa Malaysia listing
A prospectus will be issued and made available.
Singapore tech firms dominate SEA funding in H1 2025
On a regional basis, the total funding for the SEA tech ecosystem amounted to $2.5b.
FTSE ST Mid Cap Index dips 1.5% despite standout stock gains
The FTSE ST Mid Cap Index slipped 1.5% in total return for 1H25, underperforming the FTSE Asia Pacific Mid Cap Index, which rose 4.6%.
Nasdaq and QCP partner to bring blockchain to Calypso platform
Under the partnership, QCP will deploy Nasdaq Calypso in Singapore to offer over-the-counter spot and derivative products.
Singapore sees 11-point rise in share of thriving workers
Despite the improvement, Singapore still trails key Asia Pacific peers such as China (40%), the Philippines (30%), and Indonesia (27%).
Morgan Stanley projects RoE to rise to 14% for Singapore by 2030
The investment bank has reaffirmed its overweight rating on Singapore, citing these improving fundamentals as key to its bullish outlook.
Wong calls for flexible multilateralism at Summer Davos forum
At the same time, Singapore is engaging the EU, GCC, and Latin America to strengthen its global trade footprint.
SIA sees minimal impact from Middle East airspace reroutes
The disruptions followed escalating tensions between Israel and Iran, which led to the closure of several regional airspaces on June 23.
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