News
MAS tightens M&A rules with 1% cap on target break fees
1+ week, 18+ hour ago (253+ words) Bidders issuing "no increase" or "no extension" statements face new restrictions." The Monetary Authority of Singapore (MAS) has revised its Code on Take-overs and Mergers to cap break fees, tighten rules on offeror statements, and set a six-month deadline for…...
Acro Meta taps SSZT to scale AI trade platform in China
1+ week, 2+ day ago (196+ words) The platform, Zhi Mao, onboarded 182 customers during its trial phase." Singapore-listed Acro Meta Group said its subsidiary Acro Meta Lifestyle Pte. Ltd. has agreed with Shenzhen Shenwei Zhimao Technology Ltd. (SSZT) to expand the Zhi Mao AI trade platform into…...
1 in 3 firms investing in AI with little oversight
1+ week, 5+ day ago (540+ words) IDC surveyed 800 technology leaders across APAC, Europe and the US. More than one in three organisations in Singapore are investing aggressively in artificial intelligence (AI) with little evaluation. Globally, around 70% of organisations are investing in AI. One in five, or…...
NUS deepens AI push in semiconductor R&D with Applied Materials
1+ week, 6+ day ago (392+ words) The collaboration connects research lab optimisation with talent pipeline for industry needs. The National University of Singapore (NUS) is working with Applied Materials to use artificial intelligence (AI) to speed up semiconductor process development whilst also building a specialised talent…...
Art buyers seek safer canvases
1+ week, 6+ day ago (454+ words) Younger collectors in their 20s and 30s are entering the market. Singapore's art collectors are becoming more selective in their purchases as softer spending and global uncertainty push buyers toward established artists and lower-risk works, gallery operators said. Motti Abramovitz, CEO at…...
The Singapore Academy of Law launches playbook for legal leaders
2+ week, 11+ hour ago (464+ words) HCLI-endorsed guide offers practical tools for lawyers across career stages. Singapore law firms and legal departments are facing rising pressure to modernise management practices as younger lawyers demand closer workplace support and AI reshapes legal work, according to the Singapore…...
First REIT hedges 95% of Siloam hospital sale proceeds
2+ week, 16+ hour ago (302+ words) Total hedging now covers $348. 06m (IDR4. 85t) of the sale price. First REIT has hedged about 95% of the rupiah proceeds from its planned Siloam hospital asset sale as part of its exit from Indonesia. The trust entered a further deal-contingent non-deliverable foreign exchange…...
Asiaphos to acquire majority stake in DC Alliance, expanding into data centres
2+ week, 2+ day ago (378+ words) The term sheet covers Tier III facility plus optional capacity build-out rights. Asiaphos Limited is moving to expand into the data centre sector through a proposed majority acquisition of DC Alliance Pte. Ltd. , according to an exchange filing. The Catalist-listed…...
Concord New Energy power generation falls 5. 4% in May
2+ week, 2+ day ago (124+ words) Wind power generation dipped 3. 4% during the month. Concord New Energy Group Limited reported total attributable power generation output of 733. 77 gigawatt-hour (GWh) for May 2026, down 5. 43% year-on-year from 775. 89 GWh. This follows a 5. 28% drop in total output in April. From January to May,…...
OCBC unveils local physical gold service for institutional clients
2+ week, 2+ day ago (268+ words) The bank will offer 12. 4kg gold bars alongside 1kg kilobars." OCBC will allow eligible clients to buy, sell, and custodise physical gold through a Singapore-based vault from 10 June 2026. The service will be available to institutional clients, as well as high-net-worth and ultra-high-net-worth…...