News
Lum Chang Holdings rebounds in H2 2024 with $7.4m net profit
Lum Chang Holdings rebounds in H2 2024 with $7.4m net profit
In H2 2023, the company reported a $28.7m loss.
SBF, UOB, Rajah & Tann, and RSM partner to support local firms' ASEAN growth
The partners will collaborate on three areas.
Former KTL Global CEO sentenced to eight months for false trading
He remains under investigation for two other charges.
Singapore workforce sees surge in AI adoption: report
One in 117 job postings in Singapore mentions GenAI.
Great Eastern names HSBC banker as new group CEO
Greg Hingston will take the helm once Khor Hock Seng retires on 31 Oct 2024.
8 in 10 Gen Zs interested in generative AI use: study
About 43% of them have already used AI for shopping.
CHART OF THE DAY: More Singaporeans see the positive impact of AI on education
Four in 10 are against banning the use of ChatGPT in schools.
Daily Markets Briefing: STI down 0.26%; Top stock is ThaiBev
ThaiBev is the top stock with a 1.92% increase.
EDPR and Microsoft partner on 20-year renewable energy deal
The tech company will purchase all energy exported from EDPR’s SolarNova 8 project.
Silverlake Axis plans to go private with $0.36 per share offer
Shareholders can opt to receive $0.30 in cash and one new redeemable preference share in E21.
Lok Yang Way site up for sale via tender
The tender will close on 22 October at 11 am.
Singapore simplifies REIT leverage rules for growth flexibility
New leverage requirements align Singapore REITs with APAC markets.
Singapore to offer up to $6,000 in aid for unemployed under new scheme
The scheme will be launched in April 2025.
SGX RegCo mandates delisting of Dragon Group
It will leave the bourse on 9 September.
SeaTown closes private credit fund with US$1.3b
The fund was launched at the end of 2022.
Singapore joins group of highly transparent commercial real estate markets
Globally, it ranked 13th in market transparency.
HSA revokes licence of retailer for e-vaporiser violations
It seized over 120 e-vaporisers from the retailers.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform