News

Barclays nabs Morgan Stanley’s SG wealth chief to lead Asia private banking

Barclays Private Bank India will remain under the leadership of Adrish Ghosh.

SNEF elects Kuah Boon Wee as president for 2026-2028 term

Three new members have also joined the SNEF Council.

Severe AI downturn could put 32% of SGX-listed firms at risk: MAS

Smaller firms faced greater exposure due to lower profit margins and thinner cash buffers.

Energy investment set to rise at 94% of Singapore firms: Schneider

High upfront costs and competing priorities each cited by 35% as top resilience barriers.

Safran invests $28m to expand Singapore MRO facility

The new landing gear overhaul capabilities are expected to create nearly 100 jobs by 2030.

Singlife AI handles over 20% of email enquiries

Buddy has shortened average customer service handling time by 30% since its rollout.

Daily Markets Briefing: STI up 0.86%; Top stock is Seatrium

Seatrium is the top stock with a 4.88% increase.

Gov’t extends 4% CPF interest floor to 2027

The Ordinary Account interest rate will remain at 2.5% per annum over the same period.

Jardine unit lifts JC&C stake to 87% with 150,000-share purchase

JSS paid $27.0107 per share on 17 September, lifting its direct holding to 87.023%.

MLT to divest Shanghai logistics park for $61.3m

The sale is expected to be completed by the third quarter of FY27/28.

COSCO's Jurong Island Logistics Hub Phase II hits 85% completion

Demolition works to JILH Phase 1 are also 95% done.

Over eight in 10 trust AI to compare loans but hesitate on applications

About 77% are more comfortable using AI linked to a trusted financial institution.

BDx breaks ground on 640MW AI data centre campus in West Java

CGK4 is backed by 845MVA of grid capacity from Indonesian state utility PLN.

CDL’s Lucerne Grand draws 4,000 preview visitors

Apartment prices start from $1.498m for two-bedroom units and $1.988m for three-bedroom units.

SBF unveils new index for enterprise readiness

The index covers areas such as business performance and international growth.

Syfe surpasses $15.67m AUM with new trading and lending services

Its brokerage services will roll out a stock lending service soon.