Singapore
DBS names new group COO, group audit head
DBS names new group COO, group audit head
Jimmy Ng, current group head of operations, will retire and become a senior advisor for AI.
Household employment income rose 1.4% in 2024
Median monthly household employment income went over $11k in 2024.
Singapore announces new AI safety initiatives
One of the initiatives is the Global AI Assurance Pilot.
SG, Arab region deepen civil aviation training ties
The MOU will introduce two key initiatives, offering scholarships and knowledge exchange.
Nanofilm Technologies buys two German firms for $4.3m
The acquisition aims to accelerate its business expansion in Europe.
Gen Z, Millennials struggle to build savings as they juggle heavier responsibilities
Those aged 25 to 44, who have more liabilities and invest the least, a study said.
MAS, ABS to launch unified payment entity for national schemes
The new entity will consolidate Singapore’s national payment schemes, including SGQR.
Memiontec clarifies no binding M&A deals amidst 'unusual volume movements'
No definitive or binding agreements have been signed to date.
MedTech Catapult opens in Biopolis
It supports MedTech innovators in bringing products to market and connecting with local manufacturers.
SG’s logistics rents fall by 6.2% in H2 2024
It remained unchanged year-on-year.
Seatrium, BP ink MoU for Tiber FPU project in Gulf of Mexico
The contract award will be finalised later this year.
Digital Core REIT DPU dips 2.7% in FY 2024
The group owns 10 facilities as of 31 December 2024.
SGTech calls for workforce upskilling, SME tech support in Budget 2025
These recommendations will sustain Singapore’s edge in the tech sector.
Cordlife CEO Yiu Pang Fai resigns
A search for a replacement is now being conducted.
Singapore SMEs lose $800m annually in interest from idle cash: survey
Nearly half of SMEs prioritise guaranteed returns (48%) and liquidity (45%), but traditional banking solutions fail to meet both needs.
QBE underwrites CyberFender for Singapore SMBs protection
It protects against security breaches, interruptions, and cyber extortion.
NSL recovers loss with $21.3m net profit for FY 2024
Revenue for the year went up 2%.
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Commentary
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