News

Daily Markets Briefing: STI down 1.16%; Top stock is Sembcorp Industries

Sembcorp Industries is the top stock with a 1.84% increase.

New home sales jump fourfold to 731 units in July

But analysts expect activity to slow temporarily in August.

Singapore retailers face cross-border spending pressure

Groceries, fashion, and casual dining face the greatest exposure as Johor Bahru access changes where consumers shop.

Businesses double agentic AI adoption, but few transform processes: study

Only 10% have rebuilt processes for AI to handle multi-step business tasks.

Etiqa names Claudia Soh as CEO

She was previously the Chief Financial Officer.

Singapore and China agree on peaceful nuclear cooperation

Work covers reactor safety training and nuclear safeguards ahead of a 2027 review.

Freehold Verdun House launches for sale at $82m

This translates to about $2,669 per sq ft.

Singapore CFOs pair growth confidence with tighter AI controls

Finance chiefs see strength in electronics and manufacturing but face gaps between AI adoption and active risk planning.

Singapore investors more decisive than global peers, survey says

Only 2% are unsure of their biggest portfolio risk versus 4% globally.

SIT, IBM to launch Punggol quantum-safe centre by end-2026

Firms can test security tools in a live environment. 

UOB names Tan Choon Hin as head of ASEAN and Greater China

Tan, who is currently UOB’s deputy chief risk officer, will also oversee the FDI advisory unit.

Centurion sets up financing framework for green, social projects

It covers 10 categories, such as renewable energy and clean transportation.

Koh Brothers Eco unit faces up to $57.6m in potential legal exposure

The JV dispute leaves the subsidiary facing estimated maximum exposure of $20.5m. 

DFI Retail named GNC’s exclusive wholesaler in Singapore, HK, Macau

GNC products will be distributed through DFI’s Guardian stores in Singapore.

OUE funds NTU Singapore professorship in healthcare tech

OUE endowed US$2.3m to NTU to establish the Stephen Riady Professorship.