Singapore
Wealth transfers to spur family offices’ growth in SG, HK
The two markets each manage $1.3t in offshore assets.
Wealth transfers to spur family offices’ growth in SG, HK
The two markets each manage $1.3t in offshore assets.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
CCCS fines Rei Securite and ex-director over bid-rigging activity
The competition watchdog imposed $8,787 in total financial penalties on the two.
Singapore and India join hands on semiconductor ecosystem development
The partners will conduct policy exchanges.
Motor vehicles lift Singapore retail sales by 1.0% YoY in July
Excluding motor vehicles, sales would have dipped 2.3% YoY.
F&B sales growth slows to 1.0% YoY in July
In June, sales grew by 1.9% YoY.
NUS launches $39m alternative protein research hub
The centre aims to address global food security concerns.
CapitaLand Investment closes $194.4m blind pool fund deal in South Korea
The fund acquired a commercial property for $428.5m.
Singaporean property investors face tougher tax rules in Australia
The tax update could lead to penalties and reassessments potentially reaching tens of thousands of dollars.
Empyrion Digital enters Japan with 25MW AI-ready data centre
The construction of the data centre will commence in 2025.
Wing Tai chairman’s wife acquires 70,000 shares
The financial details of the purchase were not disclosed.
NNI, IMH ink MOU to strengthen neuroscience and psychiatry partnership
This aims to leverage their commonalities and complementary strengths for the public.
Noel Gifts CEO buys additional 252,800 shares
His total interest in the group is now at 46.72%.
Singapore to import 1.4 GW of low-carbon electricity from Indonesia
Conditional licences were also issued.
New LTV limit could slow sales of top-end HDB resale flats
The government reduced the LVT limit for HDB housing to 75%.
COTD: AI integration drives Singapore businesses to boost data security
Businesses focus on upskilling, AI regulations, and data management to mitigate risks and challenges in AI implementation.
Daily Markets Briefing: STI up 0.42%; Top stock is Mapletree PanAsia Com Tr
Mapletree PanAsia Com Tr is the top stock with a 2.99% increase.
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