News

Real wages in Singapore up 3.2% in 2024

Rank-and-file workers had the highest increase at 5.8%

Mm2 Asia disposes 21.02% stake in Vividthree Holdings

The company sold 97,553,226 shares to Hildrics Asia Growth Fund VCC.

Singapore leads in crypto adoption with 28% ownership rate: report

This marks a rise from 26% in 2024, placing the city-state ahead of traditionally strong markets like the UK, US, and Australia.

Industrial production may rise as RHB lifts forecast on sector momentum

The bank now sees a “material upside risk” to its earlier forecast of 0.5% growth in industrial production for 2025.

Singapore faces AI adoption hurdles with cost and talent gaps: report

It found that 68% of businesses are still in the early phases of AI adoption.

Four in 10 firms pessimistic about economy: survey

The proportion of companies expecting the economy to worsen over the next 12 months has nearly doubled.

RevPAR drops 5.5% You in May

This was driven by the post-’Taylor Swift effect’ normalisation.

CSC Holdings reverses loss in FY2025

The company posted a net profit of $1.9m.

SERT shuffles leadership team after Cabinet, SBF appointments

Desmond Lee stepped down whilst Jeffrey Siow and Teo Siong Seng joined.

ACRA launch first accountancy career guide

Accounting professionals contribute $3b to Singapore’s annual GDP.

DRC Investments will not extend Amara Holdings buyout offer

The company offered to privatise Amara Holdings at $0.895 per share.