News
Daily Markets Briefing: STI up 0.46%; Top stock is ST Engineering
Daily Markets Briefing: STI up 0.46%; Top stock is ST Engineering
ST Engineering is the top stock with a 2.51% increase.
Tame CPI pressures expected for Singapore in 2025: RHB
April saw a slight uptick in core inflation driven by firmer prices.
PAG, Tencent to acquire Chinese mall chain operator Wanda
The deal is estimated to be at $8.88b.
Piccadilly Galleria relaunched for sale at $67.5m
The property was initially launched in October 2024.
CPF extends DPS administration contract with Great Eastern Life
The contract has been extended until 30 September 2028.
Quadria Capital raises $1.4b in oversubscribed fund III exercise
Proceeds will be invested in 10 market-leading companies.
Desmond Choo resigns as Independent Director of SBS Transit
This follows his appointment as Minister of State for Defence on 23 May.
Prudential Singapore, IMDA to drive SMEs’ adoption of GenAI
SMEs will gain access to a series of up to 10 bite-sized explainer videos and up to four hands-on workshops.
Weave Living expands SG portfolio with fourth property in Novena
The 99-unit property is set for completion in 2026.
MacPherson Industrial Complex sold for $103.9m
The tender for the site closed on 22 May.
Maybank net profit up 4% to $803m in Q1
Net operating income also increased 1.8% to $2.39b.
Energy firms enter new cross-border renewable energy trade in Southeast Asia
Companies from three countries have signed a new deal to export clean power.
SGTraDex, Malaysia's MYEG ink deal to boost digital trade connectivity
The collaboration aims to drive the shift from paper-based to digital trade using verifiable electronic records.
Plato Capital to delist with $0.0305 exit offer price
The offer price represents a 111.81% premium over the last traded price on 23 May.
Boustead Singapore net profit soars 58% to $59.1m in H2
This comes amidst a 42% revenue decline.
Bukit Sembawang profit up 13% to $51.4m in H2
However, revenue for the period fell 24%.
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