News
JTC launches Sengkang West site under the IGLS programme
JTC launches Sengkang West site under the IGLS programme
Tenders for the site will close on 19 August at 11 a.m.
ST Engineering divests US-based unit for $371m
The net proceeds of $316m (US$246m) will be used for debt payment.
Xero to acquire US-based SMB bill pay platform for $3.2b
Melio integrates accounting and payments.
URA launches three residential sites for sale
These form part of the 5,030 residential units in the H1 2025 GLS programme.
Frasers Centrepoint Trust issues $200m perpetual securities
The net proceeds will be used for new investments amongst others.
COSCO Shipping gets final approval to build Jurong Island Logistics Hub Phase 2
Construction work officially commenced on 25 June.
COTD: Singapore amongst the top stablecoin sending countries
Business-to-business payments represented the majority of the flows.
ACCA updates global qualification with AI and data focus
The new structure will include an integrated learning and assessment model supported by AI-enhanced tools
Developers expected to bid up to $1,300 psf for GLS plots
Huttons noted that the upcoming land supply in more coveted areas may prompt some developers to sit out these tenders.
Kyndryl launches ASEAN AI Lab in Singapore
The facility will serve as a regional hub for innovation, employing approximately 50 AI professionals.
Singapore construction prices to rise up to 2% in 2025: report
Overall cost growth in the sector is likely to remain slower than in 2024 due to macroeconomic uncertainty.
Organisations cite BEC, phishing as top threats for 2025
The report found that 72% of organisations experienced an increase in BEC attempts
Daily Markets Briefing: STI up 0.63%; Top stock is JMH USD
JMH USD is the top stock with a 2.34% increase.
3HA Capital raises CosmoSteel offer to final price of $0.25
This revised price represents a 25% increase.
COTD: Civil, institutional projects to drive construction growth in 2025
The Institutional & Others segment is set to hit $17b in 2025, up 45.3% YoY.
Wing Tai sells UK property-holding subsidiary for $74.8m
It is expected to generate a gain of approximately $5.1m.
Stoneweg European Business Trust invests $58m in IDC Fund
The fund is set to be Europe’s largest data centre operator.
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Commentary
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