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Month: March 2025

Posted on 24/03/2025

DBS gets ranked fifth most valuable bank brand in APAC and 17th globally

SINGAPORE: DBS has emerged as the fifth most valuable bank brand in the Asia-Pacific (APAC) region and 17th globally, according to the latest Banking 500 ranki ...

Posted on 24/03/2025

Singapore shares rise on Monday; STI up 0.3%

Top gainer on the STI was DFI Retail Group; biggest loser was Yangzijiang Shipbuilding. Read more at straitstimes.com.

Posted on 24/03/2025

All Cold Storage, Giant outlets in Singapore to be sold to Malaysian group for $125m

Current owner DFI Retail Group will focus on its Guardian pharmacy and 7-Eleven convenience store businesses in Singapore. Read more at straitstimes.com.

Posted on 24/03/2025

DFI up 5.8% on sale of Singapore food business

SINGAPORE] Shares of DFI Retail Group jumped on Monday (Mar 24) after the supermarket and retail store operator announced its divestment of its Singapore food business. Read more at The Business Times ...

Posted on 24/03/2025

Forecast: Singapore mobile services at $2bn in 2029

The growing adoption of 5G services in Singapore is set to drive revenue stability and innovation in the telecom sector, counteracting the decline in mobile voi ...

Posted on 24/03/2025

Are new citizens driving housing demand in Singapore? Analysts say ageing citizens contribute too

SINGAPORE: Are new citizens behind Singapore’s rising housing demand? Analysts suggest that ageing citizens, not just new citizens, are driving this growth. S ... ( read original story ...)

Posted on 24/03/2025

Singapore banks face an automation reckoning in 2025

Only 1% of banks in Singapore have successfully automated the majority of their KYC and onboarding workflows. Here's why the others need to follow suit quickly.

Posted on 24/03/2025

UOB Kay Hian keeps ‘buy’ on Keppel DC REIT on limited near term new capacity

UOB Kay Hian's Jonathan Koh has kept his "buy" call on Keppel DC REIT, given the recent "upsurge" in positive rental reversion for colocation data centre leases in Singapore is seen to sustain into ...

Posted on 24/03/2025

DBS’ new CEO Tan eyes ‘bolt-on’ acquisitions to bolster tech capabilities

DBS Group's incoming CEO Tan Su Shan is eyeing "bolt-on" acquisitions that align with the Singaporean lender's digital and AI-driven priorities, while focusing on boosting high-return businesses such ...

Posted on 24/03/2025

ICA & HSA Seize E-Vaporisers Worth Over S$200,000 in Singapore in 2 Cases

Singapore prohibits vaping, and since February 2018, the country has prohibited the purchase, use, and possession of e-vaporizers and associated goods.

Posted on 24/03/2025

Who wants to be a property agent? Rewards could outweigh risks

According to the Council for Estate Agencies, the number of property agents as at Jan 1, 2025, was 36,058, up from 35,251 a year ago. The agent population at the start of 2025 is up by 5,659 or 19 per ... ( read original story ...)

Posted on 24/03/2025

Singapore core inflation falls further to 0.6% in February, lowest since June 2021

Prices fell for two categories of items – electricity and gas, and retail and other goods. Read more at straitstimes.com.

Posted on 24/03/2025

Giant deal: Malaysian company to acquire Cold Storage and Giant supermarket chains in Singapore

All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group, Macrovalue, in an acquisition deal worth $125 million. The Singapore-listed DFI Retail Group, which ...

Posted on 24/03/2025

Singapore core inflation rate at the lowest in nearly four years in February

Singapore's annual core inflation rate eased to 0.6% in February, data showed on Monday, and an analyst said the lowest reading in nearly four years meant an easing was possible at the central bank's ...

Posted on 24/03/2025

Singapore companies seek early deals in new Johor special zone

The company, led by 42-year-old CEO Vincent Wei, is among a slew of businesses angling for early deals in a new special economic zone (SEZ) north of Singapore's border.

Posted on 24/03/2025

Chocolate Finance Says All Withdrawals From 10–18 March Have Been Paid Out

Singapore-based Chocolate Finance said it has completed processing all withdrawal requests submitted between 10 and 18 March.

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