News

AI set to take 41% of Singapore service work by 2027

AI set to take 41% of Singapore service work by 2027

Service staff using AI report spending 20% less time on routine cases, freeing about 4 hours weekly.

Coliwoo transitions to leaseback model following subsidiary sale

The company moves to long-term lease to maintain site management and amenities.

Alpha Integrated REIT appoints IFA for Mindarie cash offer

Unitholders will receive the official recommendation within fourteen days of the offer.

Tong Kooi Ong replaces Ng Ser Miang as Thomson chair

The leadership change takes effect 1 February following Ng Ser Miang’s resignation.

Deloitte urges Budget 2026 support as growth slows to 1%–3%

MTI forecasts Singapore’s growth at 1%–3% for 2026, down from last year’s pace.

MAS fines surge 579% amidst heightened scrutiny: report

Fenergo links the increase to KYC, AML, and sanctions breaches flagged after tighter supervision.

Tras Street shophouse seeks $15m in CBD sale

Based on the guide price, the asset is priced at about $3,326 per sq ft on floor area.

Daily Markets Briefing: STI up 0.54%; Top stock is HongkongLand USD

HongkongLand USD is the top stock with a 2.98% increase.

UOB lifts gold outlook toward US$5,000 as USD/SGD heads to 1.25

SGD, gold, and yen top UOB’s safe-haven asset list.

MUFG Bank sets up structured trade solutions subsidiary in Singapore

It is wholly owned by the Japanese megabank’s consolidated subsidiary.

Prime non-landed value jumps 54.5% YoY to $2.2b

New luxury hits $4,692 psf versus $2,130 psf resale.

32% of car buyers plan ICE purchases as EV intent drops, report says

EV purchase intent fell to 58% in EY’s latest survey.

More than two in three young adults prefer human advisers for insurance: report

About 69% prefer human advisers and 31% choose digital, AI tools.

Nam Lee EGM removes chair effective 9 January

The Board change followed the shareholders vote at extraordinary meeting.

MAS proposes changes to ease US-Singapore dual listings

It proposed a single prospectus, to align IPOs between the two countries, and to shorten registration processes, amongst others.

SBF, PwC propose IP financing, AI grants for Budget 2026

The Budget recommendations target growth, innovation, and workforce support.