Staff Reporter

EU duty changes drive SingPost‑Asendia partnership in e‑commerce

The deal adds DDP capability ahead of 2026 removal of low-value import exemption.

Cross‑border real estate inflows surge to $7.24b in Q1

Portfolio deal and retail activity lift volumes to $7.24b, says Knight Frank.

Singapore maintains biomed strength with 60+ plants despite closures

Sector drew $4.4b in 2025 investments, supporting jobs and continued manufacturing expansion.

MAS moves to align SGX rules for overseas dual listings

The framework will allow firms to use one prospectus for SGX-Nasdaq dual listings.

OCBC Q1 profit rises 5% to $1.97b on fee gains

Net interest income fell, but wealth-led gains and higher fees lifted total income.

AI-driven layoffs could erode firms’ competitive edge: Jasmine Lau

Authorities are reviewing support gaps in the workforce support.

Thailand hit weighs on Frasers property; H1 profit down 38%

Higher development contributions lifted PBIT despite weakness in reported earnings.

Amazon.sg to phase out local fulfilment as it expands international store

The shift will give Singapore customers access to more products from Amazon’s US, Japan, and Germany stores.

Rex International appoints Mike Hopkinson as COO

Hopkinson replaces retiring COO Svein Kjellesvik and will support Rex’s operations.

Sun Life reported income falls 49.9% to $340m in Q1 2026

Underlying earnings per share stood at C$1.9 in the quarter.

Watchdog warns weak fines leave S’pore exposed after $3b laundering case

The market remains vulnerable to illicit fund flows despite its mature financial sector.

Daily Markets Briefing: STI up 0.3%; Top stock is Hongkong Land

Hongkong Land is the top stock with a 9.16% increase.

Thin buyer pools threaten valuations as firms purge mature assets

Companies sell non-core units to recycle capital as IPO exits remain selective.

Seed-stage deals drive 70.9% of Singapore startup funding in April

Total seed funding reaches $28.2m, led by Simple Chain’s $15m round, according to Tracxn data. 

AI transition must avoid worker‑business clash, Minister Tan says

Only 6% of AI adopting firms reported workforce reductions in MOM survey.

Singapore rated strong on AML controls in FATF review

FATF places SG on regular follow-up, citing robust AML/CFT framework.