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Month: May 2025

Posted on 26/05/2025

OpenSignal: Singapore has the fastest LTE speed; Singtel and StarHub the two fastest LTE operators in the world

Wireless coverage mapping company OpenSignal has released its latest State of LTE report, and in it, the London-headquartered company has ranked Singapore as the fastest country with LTE, with a ...

Posted on 26/05/2025

Analysts raise Singtel price target as its shares soar; optimistic on data centre boost

SINGAPORE] Analysts are bullish on Singtel as the telco’s shares soared to its highest levels in more than five years last week after it returned to profitability for its second half ended March. Read ...

Posted on 26/05/2025

Groww parent Billionbrains files confidential IPO papers with Sebi

Billionbrains Garage Ventures, the parent company of Groww, has confidentially filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchange Board ...

Posted on 26/05/2025

Hong Leong Bank forms private banking alliance with Lombard Odier

SINGAPORE] Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance ...

Posted on 26/05/2025

Centurion seen as small-cap ‘jewel’ amid demand for dormitory spaces, potential Reit listing

SINGAPORE] With demand for foreign workers continuing to outpace the supply of dormitory spaces, Centurion Corporation is ramping up capacity and exploring asset monetisation, making it a small-cap ... ( read original story ...)

Posted on 26/05/2025

Frasers Property’s bid to privatise Frasers Hospitality Trust does nothing for the property group’s minorities

Frasers Property needs a capital efficient plan to hold Frasers Hospitality Trust's assets Read more at The Business Times. ( read original story ...)

Posted on 26/05/2025

Indonesia to Begin Reducing Fuel Imports from Singapore ‘Soon’

Indonesia intends to shift its fuel imports from Singapore to the Middle East, Energy Minister Bahlil Lahadalia says.

Posted on 26/05/2025

Singapore chipmakers unfazed by tariff threat, see AI and talent hunt as bigger challenges

The industry has so far successfully weathered intensifying trade tensions and technology competition. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 26/05/2025

Singapore Oceanarium, formerly known as SEA Aquarium, to open on Jul 23

The new attraction in Sentosa is three times larger, with 22 zones that promise an immersive experience for visitors.

Posted on 26/05/2025

Singapore’s factory output growth slows to 5.9% in April as tariffs cloud trade outlook

Still, April’s output growth easily topped the 2.5 per cent increase forecast by analysts in a Bloomberg poll. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 26/05/2025

Global team unveils 5G satellite tech to boost remote connectivity

Researchers demo 5G satellite tech enabling mobile connectivity in remote areas, a way for future 6G networks combining satellite and terrestrial systems, news, space ...

Posted on 26/05/2025

Singapore’s factory output growth slows to 5.9% in April but far exceeds estimates

SINGAPORE] The Republic’s manufacturing output gained 5.9 per cent year on year in April, slipping from the previous month’s upwardly revised 6.8 per cent growth. Still, the latest print more than ...

Posted on 26/05/2025

Groww files confidential DRHP with SEBI to launch IPO, targets $7-8 billion Valuation

Sources have indicated that Groww is likely to opt for a conservative IPO valuation ranging between $7-8 billion, factoring in current market sentiment and volatility.

Posted on 26/05/2025

Groww IPO: Stock broking firm files DRHP via confidential filing route for up to $1 billion public issue

The company has filed for an IPO valued between USD 700 million to USD 1 billion via a confidential pre-filing route. The funds will support technology and business expansion. The firm has seen rapid ...

Posted on 26/05/2025

Groww files confidential IPO papers with SEBI

Moneycontrol had exclusively reported on May 15 that Groww was set to file confidentially for an IPO with SEBI within two weeks, and was simultaneously raising $150 million from Singapore-based GIC as ...

Posted on 26/05/2025

Singapore’s ComfortDelGro will bid for Melbourne’s rail line as it takes its public transport model global

Ten to 14 years ago we were not even in the position to bid for this contract,” ComforDelGro CEO Cheng Siak Kian said in an interview with Fortune.

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