News
Changi Airport awards T5 tunnels contract to Penta-Ocean and Koh Brothers
Through Koh Brothers’s subsidiary, the group holds a 30% equity stake in the joint venture.
Old devices drop out of circulation as reuse and recycling stall
Singapore consumers upgrade their phones faster than the global average.
Daily Markets Briefing: STI up 0.09%; Top stock is UOL
UOL is the top stock with a 1.81% increase.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
Singapore remains costly but stable logistics hub in Asia Pacific: JLL
Warehouse rental rates in Singapore are amongst the highest in Asia Pacific, according to Waypoint.
DBS first to accept CPF LIFE payouts for credit card applications
It aims to expand access to financial products for retirees and seniors receiving monthly payouts.
Singapore triples global share in cross-border property investment: report
Singapore accounted for 2.5% of global cross-border capital targeting standing assets in Q1 2025, from its five-year average of 1%.
Singapore amongst most concerned over AI-driven digital fraud
84% of respondents said they were worried about fake digital IDs generated using AI, compared to 76% globally.
Link REIT clarifies position on possible spin-off of regional properties
Studies on potential deals do not guarantee any transaction.
Gov’t seeks feedback on proposed amendments to the debt repayment scheme
The law is looking to criminalise firms exploiting the scheme.
DBS surpasses US$100b market cap
The bank’s market cap is over S$129.35b according to data from the SGX.
Job security must come with mobility, NTUC president says
Singapore has established the Singapore Economic Resilience Taskforce in an effort to future-proof workers.
Elite UK REIT to raise $5.8m via private placement
This is to acquire three freehold properties located in the United Kingdom.
Elite UK REIT acquires three new properties for $16m
The properties generate gross rental income of $1.4m annually.
Digital Edge, B.Grimm Power to develop AI-ready data centres in Thailand
The 100-megawatt Eastern Economic Corridor project will offer high-density colocation.
SGX securities market turnover up 1% YoY to $26.9b in May
SDAV rose 6% YoY to $1.3b.
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Commentary
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