News
CapitaLand Ascendas REIT raises $500m in private placement
CapitaLand Ascendas REIT raises $500m in private placement
It issued 202 million units at $2.47 each.
SingWealth sets foot in Hong Kong with new insurance brokerage licence
It aims to replicate the financial services model it has established in Singapore.
Union Steel Holdings sells 40 million shares in Eneco Energy
The shares were sold to a third-party independent investor via a married deal.
Singapore launches decarbonisation playbook for manufacturers
It supports over 5,000 manufacturers.
SPX, Frasers Property Vietnam partner to build automated sorting centre in Hung Yen
Construction will start in Q3 2025.
Real wages in Singapore up 3.2% in 2024
Rank-and-file workers had the highest increase at 5.8%
Mm2 Asia disposes 21.02% stake in Vividthree Holdings
The company sold 97,553,226 shares to Hildrics Asia Growth Fund VCC.
RevPAR drops 5.5% You in May
This was driven by the post-’Taylor Swift effect’ normalisation.
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.
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.
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 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.
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.
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Commentary
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