News
Gov’t to upgrade 29,000 HDB flats
Over $407m will be allocated.
Keppel DC REIT divests interest in German data centre
The transaction is based on an all-cash offer of $70.6m (EUR50m).
SIA Engineering posts $38.2m net profit in Q3 FY2024-25
Flight volumes in Singapore grew 8.4% YoY.
Nearly half of professionals expect 2.5-5% pay raise in 2025
30% of employees who received salary increases attributed the change to individual performance rather than promotions.
Steady growth seen in 2025 driven by manufacturing
RHB has kept its GDP growth forecast at 3.0%, whilst UOB expects growth to come in slightly lower at 2.5%.
Daily Markets Briefing: STI down 0.13%; Top stock is HongkongLand USD
HongkongLand USD is the top stock with a 4.07% increase.
S’pore firms prioritise sustainability and employee welfare amidst rising costs: UOB
Besides rising costs, limited awareness and resources hinder firm progress.
Overall business sentiment climbs to 80% in 2024: report
Medium enterprises were the most positive about their business sentiment.
Maersk, Castlery ink freight and integrated logistics deal
The deal involves providing ocean freight, intermodal transportation, and distribution.
NTUC launches new company mentorship pilot programme
The programme will connect unionized companies with approximately 1,200 mentors.
Half of businesses seek aid amidst inflation and digital push
Budget initiatives are seen vital in managing costs and boosting productivity.
Singapore's life insurance workforce shrinks by 2.3% in 2024
Higher demand was noted in integrated shield plans and riders coverage.
Daiwa House Industry’s 2024 net profit rises 9.5%
Net profit for the period reached $2.08m (¥237b).
Over 4 in 5 businesses seek government support
The majority of those in the health sector have applied or are interested.
Civmec net profit down almost 17% YoY in H1 2025
Administrative expenses increased by 18.3% during the period.
ThaiBev posts 2.4% YoY revenue rise in Q1 2025
Revenue for the period reached $3.68m.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape