News

CDL-Hong Realty venture wins Peck Hay Road site for $542.4m

The tender price translates to $20,076.25 per sq m of GFA. 

June BTO launch tilts towards prime, plus flats as standard supply shrinks

Short-waiting-time units and location mix may influence demand patterns across estates.

STT GDC launches first South Korea data centre with 30MW IT load

It was developed through a joint venture with Hyosung Heavy Industries.  

Singapore outpaces global peers in AI-driven work output gains, Microsoft says

It found high adoption and output gains, but leadership alignment still lagged.

Boustead unit secures $60m Australian GIS deal

The deal is expected to lift profitability and EPS for FY2027. 

Jardines Matheson targets $5.1b portfolio recycling by 2030

The group launched a $640.9m (US$500m) share buyback through 2027. 

Key exports rise 38.4% in May on AI-led electronics demand

Re-exports to Taiwan, Thailand, and Hong Kong increased. 

Singapore bets on $35m waste centre, digitalisation drive to boost green economy

New funding, digital tools, and policy updates were announced at Catalyst 2026 gathering. 

Singapore launches $35m centre to tackle toxic industrial waste

NEA, NTU, and NUS will develop recycling, recovery and landfill tech solutions.

MAS tightens M&A rules with 1% cap on target break fees

Bidders issuing “no increase” or “no extension” statements face new restrictions. 

Daily Markets Briefing: STI up 0.78%; Top stock is SGX

SGX is the top stock with a 3.96% increase.

Income Insurance names DBS veteran Lim Sim Seng as chairman

The board shake-up takes effect 1 July as the firm advances governance reset.

Foodpanda adds Sheng Siong for on-demand grocery delivery

Grocery order frequency on its platform has risen 7% since 2023. 

Singapore payments to hit $114b by 2030

Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.

Freehold Jalan Ulu Siglap site up for sale at $28m

The 13,523 sq ft property is currently used as a nursing home. 

Printing sector posts double national business churn rate

Some sectors see cessations more than double the national average of 85.1.