News
FSL Trust Management to sell product tanker
It will be sold to an unaffiliated third party who lodged a 10% deposit in escrow.
GuocoLand unit bags River Valley Green land at bid price $627.8m
It will be developed as a high-end waterfront development.
MRT Corp, Sunway to build $787m Bukit Chagar mixed-use hub
Construction is scheduled to begin in March 2025.
Singapore launches M&OE plan to lead Asia-Pacific offshore renewables
Objective includes contributing to 50GW of offshore renewable energy projects globally.
Daily Markets Briefing: STI up 0.21%; Top stock is Seatrium Limited
Seatrium Limited is the top stock with a 10.87% increase.
OSIM boosts business transparency following CCCS flags
OSIM was flagged for lack of product disclosure and misleading product information and prices.
Bukit Timah Plaza unit up for sale for $9.8m
It has a total strata area of approximately 3,391 square feet.
Alexandra Hospital’s robotic knee replacement AI algorithm secures intl. patent
The algorithm has been filed in over 150 member countries since August 2024.
Singapore ranks 11th in Prime Global Cities Index
The index revealed a gradual improvement in global prime residential price growth.
Hanwha Group’s Pinetree Securities joins Alta Exchange as member
Pinetree Securities will have access to Alta Exchanges' portfolio of assets.
Amazon opens second corporate office in Singapore
The new office space will house more than 100 local and regional teams.
Union Steels’ net profit drops to $6m in H1 FY2025
The group’s gross profit also declined by 3.7% to $15.8m.
Citi eyes 10% increase in social finance funding in Asia
Over $2b in social finance transactions were raised in Asia in 2024.
Thomson Medical Group incurs $12.6m net loss for H1 2025
Revenue amounted to $199.1m for the period.
Taka Jewellery’s profit grows 22% YoY in H1 2025
This was due to an increase in all the group’s business segments.
Singapore’s SMEs missing out on S$800m annually due to idle cash
Over 2 in 5 keep their cash idle in deposits and bank accounts.
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