News

AddValue Technologies lifts order book to $22m

It secured orders for its InterSatellite Data Relay System terminals.

UOB acknowledges penalty for anti-money laundering breaches

Two of its employees were reprimanded, it said in an SGX statement.

HDB unveils first BTO project in Sembawang North

The development will comprise 775 flats with a wait time of three years.

mm2 Asia seeks to raise $15m in a placement round

The company will issue 1,875,000,000 new ordinary shares.

JTC to launch Tukang reserve site after $70.5m bid

The public tender opens on 29 July and runs for six weeks.

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.

A*STAR and Siemens sign MOU for ASEAN smart manufacturing

The partnership aims to help companies improve resilience, efficiency, and environmental sustainability.

Singapore retail outlook dims as demand momentum fades: analysts

Both banks highlight that underlying retail activity remains weak.

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%)

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 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.