News
Sea Limited posts $534m profit in Q1
It reversed a year-ago loss of $30m.
Frasers Property to privatise Frasers Hospitality Trust at $0.71 per unit
The offer price is 28.6% to 56.8% above FHT’s historical net asset value multiples.
Singapore Airlines to move all operations at Changi Airport T5
It will serve 50 million passengers annually.
Singapore life insurance industry sees 10.9% growth in Q1 2025 premiums
The growth was led by the double-digit increase in annual premium policies.
Tech spending to rise 5.6% to $25.5b in 2025
This expansion is fuelled by the city-state’s rapid adoption of artificial intelligence across sectors.
Singapore founders want family succession but lack planning: report
81% of Singapore’s entrepreneurs want to keep their businesses in the family.
Mapletree acquires Joliet site to expand US logistics reach
The site is located near the I-80 and I-55 interchange and offers access to the Joliet Intermodal Center.
Private rents rise 0.4% as demand rebounds in Q1
Across the board, rents climbed in all market segments.
HDB rental volume jumps 12.3% as activity rebounds in Q1
The number of approved applications to rent out HDB flats jumped by 12.3% to 9,662 units in Q1 2025.
Daily Markets Briefing: STI down 0.32%; Top stock is ST Engineering
ST Engineering is the top stock with a 1.41% increase.
LTA enables Amex contactless fare payments for public transport
Commuters can now use Amex for transport with no extra fees.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
GS Holdings acquires Octopus Distribution Networks for $11.8m
The acquisition was completed on 13 May.
UHREIT’s NPI drops 8.4% YoY in Q1
The decline was due to divestments made in August 2024 and January 2025.
Ascott ramps up upskilling to support global expansion
Ascott plans to open over 300 new properties by 2028.
Wellness top Singaporean travellers' priorities: report
This is followed by cultural activities and adventurous trips.
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Commentary
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