News

NTT DC REIT beats IPO forecast with $0.0708 DPU

Its maiden distribution was 2.6% above forecast, supported by higher revenue and lower finance costs.

Kimly’s net profit rises 10.6% to $16.4m in H1 FY2026

Revenue inched up on stronger contributions from its outlet management and investment divisions.

Daily Markets Briefing: STI up 1.17%; Top stock is Wilmar International

Seatrium Limited is the top stock with a 5.38% increase.

Azure fund manager Terence Wong emerges as Trek 2000 substantial shareholder

He is acquiring a 7.3% stake in the company through a married deal at $0.12 per share.

Ransomware made up 58% of cyber incidents in 2025

The firm warned that AI-driven scams and nation-state activity could heighten risks in 2026.

Singapore SMEs still rely on cash despite card-heavy e-commerce market

About 33% of SMEs reported high cash usage, even as cards dominate online payments.

Singapore workers less confident over job security than APAC peers

Only 15% strongly believe their job is safe from elimination.

GIC and Sony Music Publishing acquire 45,000-song catalogue

Blackstone exits catalogue as Sony-GIC venture expands music rights exposure across global assets.

Life insurance payouts hit $5.08b in Q1

Health claims added another $712m, mainly from Integrated Shield Plans.

Singapore and China broaden drug oversight deal to cover gene therapies

It alters regulatory pathway structure for emerging medical technologies.

MAS adds Ong Pang Thye to board amidst leadership reappointments

He will link private sector governance expertise with state financial oversight structure.

Industrial market splits as freehold prices rise, leasehold slips

Values climbed whilst deal flow weakened to lowest since 2020.

InCred bolsters Singapore platform with S Cube integration amidst GCC–India wealth push

This extends regulated investment reach across three financial hubs.