News
New home sales fall 53% in May amidst launch slowdown
New home sales fall 53% in May amidst launch slowdown
The weak showing was largely due to the near absence of new launches—only 20 units came to market in May, compared to over 1,300 units in April.
Singapore records one of APAC’s lowest fossil fuel subsidy levels
In 2022, Singapore’s fossil fuel subsidies accounted for 5% of its GDP.
Daily Markets Briefing: STI up 0.57%; Top stock is CapitaLand Integrated Commercial Trust
CapitaLand Integrated Commercial Trust is the top stock with a 1.88% increase.
Synapxe inks four MoUs to boost AI in healthcare
The company partnered with OpenAI, AIDX TECH, Databricks, and Google Cloud.
HDB to extend Parenthood Provisional Housing Scheme until December
Eligible families will receive $300 per month on a reimbursement basis.
BBR Holdings bags $220m new contracts
The projects will commence in June 2025.
CCCS flags Agoda over ‘misleading’ mobile and website features
Agoda has since voluntarily provided an undertaking and made appropriate changes.
CosmoSteel Holdings to dispose 90 Second Lok Yang Road property
The sale to Tenda Equipment & Services is expected to take place in August 2025.
COTD: Singapore secures No. 2 spot in Asia's top startup ecosystems
Globally, the city-state ranks ninth with 20 active unicorns.
Singapore takes 9th spot in global start-up ecosystem ranking
The city state's startup ecosystem was valued at $185b.
Singapore NODX down 3.5% in May 2025
This reverses the 12.4% growth recorded in the previous month.
SIA Group passenger traffic up 3.1% in May
The group’s passenger load reached 86.4%.
Changi Airport signs MoU with HMIA to boost aviation ties
The partnership will also explore opportunities in route development, tourism marketing, and staff training programmes.
Singapore leads Asia in plastic waste tech funding at $338m
For comparison, Australian startups raised $165.3m (US$129m) and Indian firms secured $128m (US$100m).
AI trust falls to 42% as ethical concerns go unresolved
69% of Singapore IT security leaders say they are not fully confident in the accuracy or explainability of their AI outputs.
New private home sales fall 53% in May amidst pause in launches
Just 312 units (excluding executive condominiums) were sold, down nearly 53% from April’s 663 units.
Etiqa extends support for travel claims after Jetstar shutdown
Customers facing disruptions to Jetstar Asia flights between 11 and 31 July 2025 may submit claims under the Travel Delay Clause of their policy.
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