Staff Reporter

Daily Markets Briefing: STI up 0.15%; Top stock is ST Engineering

ST Engineering is the top stock with a 4.05% increase.

Singapore retail investors dump AI tech for gold

Within commodity portfolios, gold reigns supreme at 79% ownership, followed by silver (36%) and oil (24%).

Recession fears double to 39% as consumer confidence collapses

YouGov tracks an uninterrupted slide in sentiment, with growth optimism cratering to just 15%.

JustCo prices $100m SGX IPO at $0.94 per share ahead of 22 May debut

Cornerstone investors have locked in 70% of expected gross proceeds.

MAS to scrap mandatory financial advice for complex investment products

ILPs will now require product highlights sheets under the revised framework.

CAAS, NTUC roll out $2.6m aviation early-career mentorship scheme

Ground handling and line maintenance staff will get priority mentorship for over five years.

Forvis Mazars names actuarial partner to boost APAC insurance practice

The Singapore hire expands insurance advisory amidst IFRS 17 and M&A-driven demand.

New SBF-EnterpriseSG centre to advise firms on financing access

CEFA will also roll out capacity-building programmes with ISCA Academy later this year.

Hudson Place Residences clears 196 units at launch weekend

Th 60% take-up rate is higher than neighbouring residences. 

SIA April passenger traffic up 7% on spillover demand to Europe, US

Budget carrier Scoot outpaced the main airline with a 91% load factor.

Firms lag in sovereign AI adoption, NTT DATA says

APAC firms cite cloud security gaps and data rules as barriers.

NHG Health, Singtel deploy 5G teleconsultation in Singapore clinics

About 40 sites move to dedicated SIM connectivity amidst remote consultations push.

Manulife Singapore to offer multi-cancer blood test starting May

This will be rolled out through its Guardant Health partnership.

SP Mobility launches Singapore’s first EV fast charging site in Tengah

It features eight 100kW DC fast charging points next to Plantation Plaza.

Hudson Place Residences records 61% take-up at $2,458 psf launch

Singaporeans and PRs make up 99% of buyers for the new Media Circle project.