News
Daily Markets Briefing: STI down 0.15%; Top stock is DBS
Daily Markets Briefing: STI down 0.15%; Top stock is DBS
DBS is the top stock with a 0.58% increase.
RHB upgrades FY25–27 outlook for DFI and Sheng Siong
These results reinforce RHB’s OVERWEIGHT rating on the sector, with analysts pointing to its defensive positioning.
Singapore CEOs struggle to scale AI despite big spending: report
Singapore leaders are more likely than their global peers to focus on ROI when prioritising AI use cases (80% vs. 65%)
Singapore retail outlook dims as demand momentum fades: analysts
Both banks highlight that underlying retail activity remains weak.
A*STAR and Siemens sign MOU for ASEAN smart manufacturing
The partnership aims to help companies improve resilience, efficiency, and environmental sustainability.
Singapore housing demand seen holding firm despite SSD hike
The bank expects the revised Seller’s Stamp Duty (SSD) to have only a moderate cooling effect in the near term.
Singapore retail sales rise 1.4% in May with vehicle boost
Whilst this marked an improvement from April’s modest 0.2% growth, driven by the motor vehicle segment.
Singapore F&B sales hit $1.0b in May with steady demand
This marked a 1.4% increase compared to a year ago, with online orders making up more than a quarter of all F&B transactions.
Singapore companies adopt AI widely with limited oversight: report
Only 53% of Singapore leaders reported having moderate to strong safeguards to protect AI systems from risks.
YHI International incorporates joint venture in China for property services
SZYKZY has a share capital of $889,650 (RMB 5m).
Weave Suites - Midtown at Jalan Sultan on sale via EOI for $105m
The EOI exercise will close on 13 August.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
Oiltek in talks with SEDC Energy for possible role in SAF pilot programme
The plant has an initial size of 15 KTA.
Startup funding dips 4.29% MoM in June
Startups raised $254m in June, down from $265m in May.
Singapore, UK deepen joint efforts on asset tokenisation
It aims to drive greater adoption of tokenised assets in both markets.
Demand shifts away from the resale market amidst anticipated launches
5,500 BTO flats are expected to be rolled out across various towns.
Sanli Environmental seeks $4m in placement round
The issue price is at $0.12 per share.
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