News

Tourism outlook and expansions boost Singapore's retail property market 

In Q3 2024, the island-wide retail vacancy rate fell to its lowest level since Q3 2012.

Singapore eyes 15% top-up tax on MNEs to prevent foreign tax losses

Additional revenues from the top-up taxes will be used to enhance the local business environment.

High interest rates, economic conditions impact office demand

Still, a recovery in 2025 is anticipated as the global economy improves.

GlobalTix secures $6.5m in Series B funding

The company will use the fund for expansion.

Singapore Paincare invests $1.5m in digital transformation 

UCrest will help the company in its digitisation. 

Beng Kuang Marine exits SGX watchlist

The company was removed from the watchlist on 15 October.

Singapore emerges as world’s 2nd most expensive data centre market

Building a data centre in Singapore costs US$13.80 per watt.

Singapore tech funding drops 26% YoY to US$397m in Q3

The YoY decline was observed across funding stages.

New bill targets court abuse with stricter contempt guidelines 

Court abuse includes filing false claims to delay criminal proceedings.

Hatten Land names Deloitte partners as joint judicial managers in restructuring

The court already approved its application for judicial management.

SMEs across most industries continue to grow in Q3, except ICT

Overall, SME performance improved to 50.8 from 50.2 in the OCBC index.

Lee Hsien Yang to apply for demolition of family home at 38 Oxley Road

He plans to build a small private dwelling that will be held within the family in perpetuity.

Three shophouses in Jalan Besar listed for $44m

The tender sale will close on 15 November, at 3 PM.