News
SERT shuffles leadership team after Cabinet, SBF appointments
Desmond Lee stepped down whilst Jeffrey Siow and Teo Siong Seng joined.
ACRA launch first accountancy career guide
Accounting professionals contribute $3b to Singapore’s annual GDP.
DRC Investments will not extend Amara Holdings buyout offer
The company offered to privatise Amara Holdings at $0.895 per share.
Global CBPR Forum launches certification for cross-border data transfers
Around 100 companies are expected to benefit.
Condo resale prices up 5.9% in April
A $13m unit at St Hilltops was the month’s most expensive resale.
BHP to open first industry AI hub in Singapore
It will use AI to tackle key challenges and enhance safety.
Economic pressure, talent shortages slow Singapore’s AI adoption
Over 80% of companies report being hit by global tariffs.
Enigma Health partners with Roche, ST Engineering to boost AI healthcare solutions
ST Engineering will integrate Enigma’s AI model into its Genie Studio platform.
Valuetronics profit up 4.3% to $27.4 m in FY2025
Revenue for the period also rose 3.5%.
Epicsoft Asia’s buyout offer for Ban Leong becomes unconditional
The offer remained at $0.6029 per share.
Sembcorp unit agrees to settle gasoil claims dispute
The agreement was reached five years after the lawsuit was filed.
H2G Green taps Pek Hak Bin as its new CEO
His appointment will take effect on 1 June.
CapitaLand Ascendas REIT to acquire two properties for $700m
The deals boost CLAR’s Singapore portfolio by 6.6% to $11.7b.
Perennial Holdings, Guangzhou Metro ink deal for landmark hospital project
The project involves a $178.8m (RMB1b) investment.
Cortina Holdings profit up 4% YoY to $63.6m in FY2025
Revenue for the period also increased 6% YoY.
Daily Markets Briefing: STI up 0.46%; Top stock is ST Engineering
ST Engineering is the top stock with a 2.51% increase.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape