News

Daily Markets Briefing: STI up 0.14%; Top stock is ST Engineering

ST Engineering is the top stock with a 3.65% increase.

YouBiz and Tiktok launch ad spending cashback for businesses

TikTok advertisers can receive up to US$100 in ad credits.

URA announces new board changes

A new chairperson and two new members were added to the board.

Boustead Projects form Pan-Asian logistics platform with Hong Kong’s Unified Industrial

The platform will target real estate opportunities in high-growth sectors.

CPF interest rates unchanged for Q2 2025

Special, MediSave, and Retirement Accounts will stay at 4% per annum.

City Developments’ Kwek Leng Beng drops legal action against son

All the board members have decided to put aside their differences.

Mapletree Logistics Trust divests 31 Penjuru Lane logistic site for $7.8m

The divestment is part of the company’s efforts to rejuvenate its portfolio.

SG, Vietnam upgrade ties to Comprehensive Strategic Partnership

This is Singapore’s first CSP with an ASEAN member state.

Businesses struggle to reskill workers fast enough for AI era: report

Business leaders say the time required to upskill employees is the main hurdle in adopting a skills-based hiring strategy.

Singapore faces quality challenges in AI adoption despite rapid growth

Nearly two-thirds of Gen Z professionals in the country regularly use GenAI.

Gov’t to allocate $150m for AI, supercomputing initiative

It also introduced the hybrid quantum-classical computing 1.0 initiative.

SIA, Salesforce collaborate on AI customer case management system

Salesforce also plans to invest $1.3b (US$1b) in Singapore over the next five years.

Singapore leads in card payment usage in Southeast Asia

Cards are the most widely accepted payment option.

E-commerce scams in Carousell, META decline: gov’t

MHA will not mandate the enhanced verification requirement for Carousell sellers.