Singapore
Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
Higher NPI boosted the trust's distributable income by 3.7% YoY.
Sinarmas Land's net profit up 7.4% in H1 2024
Profit attributable to shareholders fell 18.7%.
Seatrium and NTU open new lab for marine energy innovation
The lab will research ammonia use in offshore and marine applications.
Yangzijiang Shipbldg’s H1 net profit soars 77.2% to $571m
Gross profit rose 65.1% to $626m.
President Tharman to co-chair World Bank’ high-level advisory council on jobs
He will lead the council alongside former Chilean President Michelle Bachelet.
New gov’t unit to resolve severe neighbour disputes
It will initially operate for one year in selected HDB estates.
Sembcorp suspends operations at Myanmar Power Plant due to civil unrest
This follows the escalating civil unrest in the region.
HRnetGroup profit falls 22.8% in H1 2024
The group's revenue also decreased by 2.1% on a constant currency basis.
UMS H1 net profit drops 35% to $19.5m
The decline was due to lower sales.
NODX falls 6.4% YoY in Q2 as non-electronics decline
Non-electronic NODX declined 9.2% YoY.
Weaker H2 recovery prompts Singapore to cut NODX growth forecast
The forecast was narrowed to +4.0% to +5.0%
CCCS greenlights Esteel’s partial stake acquisition in HG Metal
The competition watchdog sought public feedback from 13 June until 26 June.
Why the Superfluid Model is essential for Singapore's public services
Adopting generative AI and Web3 tools can strengthen the superfluid model.
Small firms lag in sustainability governance despite reporting improvements
Only 67% of smaller firms have a designated sustainability board member or committee.
Daily Markets Briefing: STI down 0.8%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 5.68% increase.
Ascott revamps The Unlimited Collection portfolio with new cultural offerings
The Unlimited Collection currently has 11 properties across Asia, Europe, and the Middle East.
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Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia