News
Sale of luxury non-landed units soars 63.6% QoQ in Q1
72 luxury non-landed units were sold during the period, the highest in two years.
Nearly nine in 10 plan to maximise summer holidays this year
77% are willing to choose a lesser-known destination.
Freehold commercial building in CBD up for sale at $88.8m
The tender will close on 26 June at 3 p.m.
Singapore ranks fifth in Asia for green market capitalisation
In terms of green revenues, Singapore holds the seventh position regionally.
MNCs in Singapore turn to AI for payroll transformation: survey
The report also revealed that 51% of Singapore-based multinationals are considering using AI to manage payroll with fewer staff.
Singtel launches 5G network slicing for iPhone business apps
The feature supports apps that align with Apple’s traffic categories—such as Streaming and Communication.
Daily Markets Briefing: STI up 0.36%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD is the top stock with a 4.25% increase.
GDP forecast at 2% with downside risk in 2025: RHB
The economic outlook has become “increasingly fluid” due to mounting external pressures, the report noted.
Singapore companies boost ESG assurance with audit firms: report
Globally, 73% of large companies across G20 nations obtained assurance on at least some sustainability disclosures in 2023.
Frasers Property, Frasers Hospitality Trust announced a trading halt
Reports said Frasers Property is planning to take the trust private.
How much Singapore contributes to Asia’s green economy
It ranked the lowest amongst countries listed.
Huawei, Keppel to boost solar and BESS adoption in Asia
They will develop energy technologies for specific projects.
UOB maintains profitability despite possible slower loan growth
Management sees demand for hedging, particularly for foreign exchange.
OUE acquires 3.19% stake in Gemdale Properties for $24.5m
It involved 530 million ordinary shares.
Medeze Group launches partial offer for 10% stake in Cordlife
The offer is priced at $0.25 per share.
Zixin Group forecasts ‘significant higher’ profit for FY2025
It was driven by increased sales of fresh sweet potatoes.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape
Microclimate retrofitting could be Singapore’s next big sustainability play