News
Acrophyte Hospitality posts 13.9% net property income decline in 9M
Acrophyte Hospitality posts 13.9% net property income decline in 9M
Disposition of US Hyatt properties and lower travel cited for decrease.
AI spending climbs 33% as digital readiness falls to 24%
Legacy systems and skills gaps slow AI deployment despite higher ROI.
SBF opens Bengaluru enterprise centre to support firms’ India expansion
The centre to engage 470 companies through advisory and missions
COSCO SHIPPING Singapore announces board reshuffle
The group has undergone an internal management restructure.
Western Union and TenPay Global launch co-branded store in Singapore
The two are partnering to bring an omni-channel remittance experience.
Watsons opens new beauty and wellness store at Bugis Junction
The 3,700-square-foot store targets the youth by featuring immersive zones.
IMAS launches educational tools on blockchain and tokenisation
This includes an e-learning module and a GenAI chatbot.
MAS, Bundesbank agree to deepen cooperation on tokenised payments
It aims to create new settlement solutions that reduce the costs and processing times of cross-border payments.
Central banks trial real-time cross-border FX settlement system
A key focus is enabling atomic settlement for Payment versus Payment (PvP) FX trades.
Majority of SG fintech firms cite business growth as top hiring drivers
Change in Business Priority was cited as having the most impact.
Daily Markets Briefing: STI up 0.15%; Top stock is ST Engineering
ST Engineering is the top stock with a 4.71% increase.
AI hiring in Singapore fintech rises 40% YoY
Around 23% of professionals are currently upskilling through online courses, focusing on areas like AI.
Singapore family firms expect strong double-digit growth in 2025
28% of Singapore family businesses are open to private equity or outside investment.
Singapore accounting sector grows 7.5% to $3.5b in 2024
The sector anticipates hiring over 1,500 new roles, with roughly two-thirds in audit and assurance.
Fintech leaders urge unified standards as digital payments stay fragmented
Developers face incompatible payment systems across providers.
How big finance players bolster defences with AI as scams surge
Despite tech advancements, human behaviour remains the dominant vulnerability.
Why banks leverage AI to bridge legacy systems with modern payment rails
These can unlock legacy data and facilitate real-time payments.
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