Singapore
Paragon REIT taps PrimePartners as adviser in privatisation bid
Paragon REIT taps PrimePartners as adviser in privatisation bid
The IFA would advise the independent directors of the REIT’s manager.
Centurion expects substantial profit increase for FY 2024
It is mainly due to the net fair value gain on the group’s investment properties.
UOI proposes $8.9m final and special dividends for FY2024
If approved, the dividends will be paid on 16 May.
ISOTeam BuildTech, H2U to develop AI-enabled materials sourcing
The partnership runs for 12 months, renewing annually unless terminated by either party.
Singapore NODX down 2.1% in January 2025
This was driven by a fall in non-electronics.
Gov’t to upgrade 29,000 HDB flats
Over $407m will be allocated.
Keppel DC REIT divests interest in German data centre
The transaction is based on an all-cash offer of $70.6m (EUR50m).
SIA Engineering posts $38.2m net profit in Q3 FY2024-25
Flight volumes in Singapore grew 8.4% YoY.
Nearly half of professionals expect 2.5-5% pay raise in 2025
30% of employees who received salary increases attributed the change to individual performance rather than promotions.
Steady growth seen in 2025 driven by manufacturing
RHB has kept its GDP growth forecast at 3.0%, whilst UOB expects growth to come in slightly lower at 2.5%.
IMDA study uncovers socio-economic biases in AI systems
Four AI systems were tested.
Daily Markets Briefing: STI down 0.13%; Top stock is HongkongLand USD
HongkongLand USD is the top stock with a 4.07% increase.
Overall business sentiment climbs to 80% in 2024: report
Medium enterprises were the most positive about their business sentiment.
Maersk, Castlery ink freight and integrated logistics deal
The deal involves providing ocean freight, intermodal transportation, and distribution.
NTUC launches new company mentorship pilot programme
The programme will connect unionized companies with approximately 1,200 mentors.
Half of businesses seek aid amidst inflation and digital push
Budget initiatives are seen vital in managing costs and boosting productivity.
Singapore's life insurance workforce shrinks by 2.3% in 2024
Higher demand was noted in integrated shield plans and riders coverage.
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