News

Stricter AML rules push firms toward advanced tech

MAS’s tougher guidelines raise compliance standards and accelerate AI adoption.

Shangri-La renews Kerry Centre office lease for two years

The lease, which covers two office units and parking spaces, amounted to $8.129m.

ESR-REIT divests eight assets, cuts leverage to 39.2%

The divested portfolio accounted for 6.9% of net property income.

Hutchison Port agrees to Yantian land expropriation

The land between Pinghu South and Yantian Port stations in Shenzen will be redeveloped.

OUE REIT secures $100m loan for capital spending

The funds target working capital and loan refinancing.

Keppel REIT to buy one-third more stakes in Marina Bay tower

It will acquire the stakes an agreed property value of $1.453m.

AI elevates service but humans sustain empathy

31% of Singaporeans expect to use agentic AI in their daily lives within the next year.

LMIR Trust sets management fees at 2% of net property income

Fee structure unchanged under new 24-month agreement

Toll Group launches electric vessel hub in Singapore for port logistics

The hub integrates electric marine transport with smart warehousing and efficient cargo trucking.

Singapore leads Southeast Asia green startups as regional hub

Factors such as limited land for renewable energy drive the need for smart energy orchestration, the firm said.

Singapore businesses reaffirm sustainability focus amid market volatility

Cost considerations and return on investment remain the biggest constraints on further spending.

Hongkong Land to launch $8b Singapore private real estate fund

The Central Private Real Estate Fund will solely focus on managing prime commercial property.

Seatrium awarded offshore scope for TenneT’s BalWin5 project

The fabrication starts January 2026 for the 2.2-GW HVDC project.

IMDA fines Singtel $1m over fixed voice disruption in October 2024

Singtel said shared memory for its voice and broadband was overwhelmed by high traffic.

Aoxin Q & M to issue up to 511.52 million shares

Company offers one-for-one rights issue to shareholders.