News
Singapore launches $35m centre to tackle toxic industrial waste
Singapore launches $35m centre to tackle toxic industrial waste
NEA, NTU, and NUS will develop recycling, recovery and landfill tech solutions.
MAS tightens M&A rules with 1% cap on target break fees
Bidders issuing “no increase” or “no extension” statements face new restrictions.
Daily Markets Briefing: STI up 0.78%; Top stock is SGX
SGX is the top stock with a 3.96% increase.
Income Insurance names DBS veteran Lim Sim Seng as chairman
The board shake-up takes effect 1 July as the firm advances governance reset.
Foodpanda adds Sheng Siong for on-demand grocery delivery
Grocery order frequency on its platform has risen 7% since 2023.
Singapore payments to hit $114b by 2030
Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
Freehold Jalan Ulu Siglap site up for sale at $28m
The 13,523 sq ft property is currently used as a nursing home.
Printing sector posts double national business churn rate
Some sectors see cessations more than double the national average of 85.1.
Startups double up on AI tools, Aspire says
Aspire data showed multi-platform usage doubling as spending patterns shift.
Singapore Airlines Group passenger traffic rises 4.9% in May
Its two carriers recorded a combined 3.6 million passengers during the month.
65LAB backs NUS biotech venture with $2.13m funding
The capital will help advance a treatment candidate for a chronic lung disease.
Private home sales could face June lull after slower launches in May
New launches in July are expected to lift sales after a quieter period.
Seatrium wins ABS nod for offshore ammonia energy hub concept
The hub integrates ammonia fuel, power generation, and vessel charging.
IMDA, Microsoft partner to advance AI safety and security
The collaboration will focus on AI evaluation, information sharing, and trusted access to frontier AI models.
Singapore to set up OTC gold clearing system by end-2026
This forms part of Singapore’s push to strengthen its role as a trusted gold trading and storage hub in Asia.
Employment growth slows in Q1 as job vacancies dip
Retrenchments inched up but remained within non-recessionary norms, whilst unemployment stayed low.
Daily Markets Briefing: STI up 1.02%; Top stock is Jardine Matheson
Jardine Matheson is the top stock with a 4.35% increase.
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Commentary
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