News
Keppel divests six rigs to Apollo-backed fund for $1.2b
Keppel divests six rigs to Apollo-backed fund for $1.2b
The group expects $611m in cash proceeds from the transaction.
Shophouse sales hit $193.7m in Q2 even as activity stalls
Deal volume hit a 28-year low in H1 amidst buyer-seller price mismatch.
AI demand shields growth from Middle East oil shock: MAS
Electronics output rose 38% as exports surged 79% in April–May.
Endeavor opens first Asia-Pacific hub in Singapore
It connects founders with more than 3,000 entrepreneurs across its global network.
KIT distributable income falls 15.3% to $101.1m in H1
Excluding a one-off divestment gain a year earlier, DI rose 1.2%.
Souper Tang returns to Singapore with Raffles City outlet
The outlet will also offer limited-time Singapore-exclusive dishes.
ESR-REIT H1 DPU up 2.4% on higher core earnings
Net property income fell 2.2% to $162.7m.
Manufacturing output rises 7.2% in June on electronics gains
However, chemicals and biomedical manufacturing contracted.
Portfolio assets climb 10.7% to $3.04t on equity gains
Equity and fund holdings rose 14.6%, whilst long-term debt securities gained 7.3%.
Singtel named Singapore’s best mobile network: Opensignal
StarHub led overall download and upload speeds, whilst M1 shared the 5G download-speed award.
Auction listings reach five-year high in H1
Mortgagee sales accounted for 74% of the 292 properties offered during the period.
KPay clinches in-principle approval for MPI licence in Singapore
The company serves over 95,000 merchants in the APAC region.
Daily Markets Briefing: STI up 0.57%; Top stock is Seatrium
Seatrium is the top stock with a 8.92% increase.
7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
ACRA seeks feedback on sustainability disclosure standards
The standards will keep wider sustainability reporting voluntary.
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
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