News
CPF interest rates unchanged for Q2 2025
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.
Chocolate Finance, Allfunds reaffirm fund security and orderly withdrawals
Funds are securely held according to Singapore’s regulations.
Kimly completes acquisition of Serangoon coffee shop
The acquisition was completed on 11 March 2025.
Singapore life annuity insurance market to grow by $603m by 2028
The attractiveness of fixed annuities has been a key driver.
Hyphens Pharma gets exclusive rights to distribute European autoinjector
It will distributed in Singapore, Malaysia, the Philippines, and Vietnam.
Incredible Holdings plans reverse takeover with Sheng Tai International
Sheng Tai will inject prime Malaysian land into Incredible Holdings for shares.
Vietjet to launch Singapore–Phu Quoc route
The new route will operate four round-trip flights per week.
GuocoLand secures $367.1m green loan for Faber Walk project
The 399-unit project will span 25,795.4 sqm.
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Commentary
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