News
Domestic wholesale sales fall 6.9% in Q1
Domestic wholesale sales fall 6.9% in Q1
Foreign wholesale sales rose 3.6%, supported by demand for computer hardware and electronic chips.
AECOM-led JV appointed for Singapore waste facility Phase 2
The Integrated Waste Management Facility will process up to 2,900 tonnes of waste per day.
Gardenia Singapore to cut 141 jobs as production moves to Malaysia
The company will cease production at its Pandan Loop facility on 30 June.
Climate transition plans lack depth despite net-zero pledges: EY
Inaction on climate risks could cost businesses up to 15% of annual revenue.
AIA Singapore turns 95, launches new illness plan
The new plan was introduced as part of the insurer’s 95th anniversary.
Daily Markets Briefing: STI down 0.54%; Top stock is Wilmar International
Wilmar International is the top stock with a 2.19% increase.
MAS revokes BSQ payment licence over false disclosures and risk failures
BSQ provided false or misleading in material particulars, MAS said.
GXS Bank and Lion Global launch exclusive multi-asset fund
The fund has a “medium to high” risk level and is exclusively available at GXS Invest for now.
Gardenia to shift bakery production to Malaysia, 141 employees to be retrenched
NTUC-affiliated union says affected workers will receive career and training support.
New national AI missions target four sectors driving 40% of GDP: Teo
Advanced manufacturing, finance, connectivity, and healthcare are key priorities.
HDB rents edge up in April as volumes rise 5.2%
Executive flats led monthly gains.
Condo rents hit record in April on CCR gains
CCR and OCR lead gains whilst rental volumes rise 1.6% month on month.
Social sector’s heavy reliance on state aid risks flexibility
At least half of annual budgets depend on state support.
Seatrium injects $1.7m more into NUS offshore professorship
The top-up brings total contributions, including matching funds, to over $5m.
OpenAI pledges $300m to Singapore AI ecosystem, sets up first overseas lab
It will cover AI priorities in public services, finance and healthcare, among others.
Rockefeller-Temasek coalition pushes nuclear as philanthropic funding lags
Only 0.1–0.2% of climate philanthropy supports nuclear energy.
Singapore accounts for 25% of password stealer detections in Southeast Asia
Kaspersky data shows growing exposure to password stealers and spyware.
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