News
Cortina Holdings profit up 4% YoY to $63.6m in FY2025
Cortina Holdings profit up 4% YoY to $63.6m in FY2025
Revenue for the period also increased 6% YoY.
IMDA rolls out 800 AI jobs and training roles with partners
This initiative is being undertaken in partnership with AI Singapore and more than 25 companies.
IMDA expands GenAI initiative with AWS and Microsoft support
First launched in 2024, the initiative is designed to help SMEs integrate GenAI technologies into their operations.
Singapore boosts SME tech support with new AI partnerships
The initiatives are part of the Digital Enterprise Blueprint.
Firms face data, governance gaps in AI deployment: survey
More than half (53%) of organisations in Singapore lack the robust data infrastructure needed to support agentic AI systems.
Four in ten employers plan to add jobs in 2025 amidst growth needs
76% of firms hiring are doing so to support business growth, whilst 46% are seeking candidates with new skill sets.
Singapore output rebounds but late-year drag expected
Industrial production rose 5.3% MoM seasonally adjusted in April, reversing two months of contraction in March and February.
Hotel ADRs drop 5% YoY in Q1 2025
The average daily rate fell to $299.
Daily Markets Briefing: STI up 0.46%; Top stock is ST Engineering
ST Engineering is the top stock with a 2.51% increase.
Tame CPI pressures expected for Singapore in 2025: RHB
April saw a slight uptick in core inflation driven by firmer prices.
PAG, Tencent to acquire Chinese mall chain operator Wanda
The deal is estimated to be at $8.88b.
Piccadilly Galleria relaunched for sale at $67.5m
The property was initially launched in October 2024.
CPF extends DPS administration contract with Great Eastern Life
The contract has been extended until 30 September 2028.
Quadria Capital raises $1.4b in oversubscribed fund III exercise
Proceeds will be invested in 10 market-leading companies.
Desmond Choo resigns as Independent Director of SBS Transit
This follows his appointment as Minister of State for Defence on 23 May.
Prudential Singapore, IMDA to drive SMEs’ adoption of GenAI
SMEs will gain access to a series of up to 10 bite-sized explainer videos and up to four hands-on workshops.
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Commentary
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