News

50 Playfair Road sold for $81.8m

50 Playfair Road sold for $81.8m

The property was hotly contested by end-users, investors and developers.

Elite REIT names new CFO

He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.

MAS unveils responses for proposed regulation of DPT service providers

Regulations are expected to take effect in phases beginning mid-2024.

Singapore is 3rd in Asia with most unicorn startups: study

Singapore unicorn companies have an average valuation of $5.93b.

Gov't to require statutory boards to publish yearly sustainability disclosures

Nearly 100% of eligible SGX-listed firms disclosed climate reports.

3 in 10 S’poreans choose to travel solo: survey

Jetstar also revealed that most S’poreans prefer to travel in groups.

ThaiBev revenue up 2.5%, net profit slipped 10.9% in 2023

Sales in spirits and beer also saw a decline.

Mastercard, NTU launches new masters program on cybersecurity

The program is tailored for professionals seeking a spot in the cybersecurity space.

Everest builds Asia team with new S’pore CEO and a head of insurance

Swee Keong Mah will be the Singapore branch’s new CEO and will report to Tomi Latva-Kiskola, who has been appointed as head of Insurance Asia.

Chia-Tern Huey Min named next ACRA chief executive

She is currently a deputy commissioner for the Inland Revenue Authority of Singapore (IRAS).

Third Avenue Good Class Bungalow sold for $26.5m

The property spans 14,576 sq ft with a total gfa of approximately 10,000 sq ft.

Singapore remains the 12th most expensive retail destination globally

Hong Kong is the most expensive retail destination in Asia Pacific.

MAS releases commemorative Lee Kuan Yew coins for walk-in exchange

Over 142 banks will be available for walk-in exchange.

Hyundai launches new smart urban mobility hub

This will facilitate Hyundai’s aim to advance the production of EVs.

IHH unit to undergo liquidation due to dormancy

The liquidation will not affect IHH’s shareholdings, net assets, and operations.

Hongkong Land appoints Michael Smith as new chief executive

He will be succeeding Robert Wong who has been the Chief Executive since 2016. 

AIA Singapore announces leadership appointments

The key appointments were Irma Hadikusuma, Melita Teo, and Peter Lee.