News
Great Eastern says no takeover rules broken in OCBC offer process
Great Eastern says no takeover rules broken in OCBC offer process
It added that the final offer was higher than the prices first discussed.
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.
Daily Markets Briefing: STI down 0.15%; Top stock is DBS
DBS is the top stock with a 0.58% increase.
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.
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Commentary
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