News
MTI appoints Jermaine Loy as new managing director of EDB
MTI appoints Jermaine Loy as new managing director of EDB
He will take over starting 1 March 2025.
BRC Asia’s net profit hits record $93.5m in FY2024
Net profit was up 23% YoY.
SG narrows 2024 NODX growth forecast to 1.0% on weak H2 recovery
For 2025, Enterprise Singapore projects NODX growth of 1.0% to 3.0%.
Mooreast appoints Eirik Ellingsen as CEO
He will replace Mooreast Founder, Sim Koon Lam.
Non-oil domestic exports rebound, rising 9.2% YoY in Q3
In Q2, NODX fell 6.5% YoY.
S’pore’s NTU develops AI model for affordable farmer insurance
It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.
TSH Resources Berhad profit drops by 12.1% in Q3
The company said this was due to low revenue in all of its segments.
Temasek Holdings raises stake in ST Engineering to 51%
Temasek bought 77,700 shares through DBS Bank via a market transaction.
OUE REIT issues $120m green notes at 3.90% due 2031
The notes are issued under the $2b Multicurrency Debt Issuance Programme.
Only 27% of SG companies implement AI to support employees
Majority are planning to invest an average of $32,000 in AI next year.
Podium raises $20.4m in Series A-1 funding round
Autodesk led the funding round, with participation from Schindler and Lendlease.
Boustead Singapore bags $90m E&C contract in Malaysia
The contract involves the construction of a data center.
Singapore captures over half of seed deals in SEA
Singaporean investors account for 22% of all seed funding participation.
Three in 10 SG employees face sharp mental health decline: Report
Anxiety and depression are three times higher in younger age groups.
ThaiBev’s net profit slips 0.8% YoY in FY2024
The decline was attributed to a downturn in its spirits and food businesses.
HSBC launches new loan programme to enhance business ESG performance
The firms’ sustainability performance will be evaluated through Ecovadis.
Singapore ranks second in APAC for mobile malware and global IoT attacks
Mobile malware in the Asia Pacific increased by 77% YoY.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape