News

Businesses lose $7m on average to fraud in past year: report

Fully online businesses in Singapore saw the sharpest spike, reporting a 64% YoY increase in fraud-related losses.

Nearly 50% of consumers use AI to assist shopping: survey

The report found that 49% of Singapore consumers used AI tools, such as ChatGPT, for shopping in the past year.

More than 30% of consumers are increasingly driven by social media trends: report

Singapore consumers say social media trends influence their buying decisions.

Six in 10 shoppers abandon purchases over slow checkout

56% would walk away if their preferred payment method isn’t offered.

54% of Singaporeans show more loyalty to socially responsible brands: report

 58% of both Millennials and Gen Z shoppers in Singapore are especially responsive to brands with a clear social impact focus.

Golden Village sells Yishun 10 Cinema to Frasers subsidiary for $48m

Net proceeds will be used to repay bank loans and for general working capital.

Alpina Holdings in private talks over possible share deal

Shareholders are advised to exercise caution when dealing in the shares.

Sasseur REIT taps Cheng Hsing Yuen as new COO

His appointment took effect on 3 June.

SATS, Kuehne+Nagel to enhance air cargo logistics supply chain

They have introduced an expedited delivery service for urgent aircraft parts in Singapore.

Japfa to delist from SGX on 6 June

The company was originally scheduled to delist on 10 June.

Stoneweg EREIT to trade European Stapled Trust on 16 June

Stoneweg European REIT units will cease to trade on the SGX-ST on Friday, 13 June 2025.

ST Engineering bags 5-year MRO deal with Air Cairo

The contract will support the LEAP-1A engines for Air Cairo’s Airbus A320neo fleet.

Tourism job interest jumps 130%: Indeed

Job opportunities in the sector also rose by 48.7%.

Grand Venture Tech’s profit after tax up 27.7% YoY in Q1

The company’s revenue also rose by 44.8% YoY to $44.6m.

Mapletree posts $637.4m profit in FY25

AUM also increased from $77.5b to $80.3b.

Frencken to build new $63m manufacturing facility in Kaki Bukit

The site will be built on a plot of land leased from JTC Corporation to its subsidiary ETLA.