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3 weeks ago | 
businesstimes.com.sg | Chong Wei
[SINGAPORE] A second Chuan Grove residential site has been released for sale under the 2025 government land sales (GLS) programme.
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Jan 24, 2025 | 
businesstimes.com.sg | Chong Wei
SOME self-storage operators will have to move out of their current locations when their leases run out, following a lengthy review by JTC on the use of industrial land for the self-storage business. The affected operators are those occupying sites zoned Business 2 (B2) for heavy manufacturing activities, as well as those in some B1 sites in the core zones. Core areas refer to those which JTC is prioritising for industrial use. These include Boon Keng, Toa Payoh and Ang Mo Kio.
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Jan 23, 2025 | 
businesstimes.com.sg | Benjamin Cher |Chong Wei
Published Fri, Jan 24, 2025 · 08:07 AM — Updated Fri, Jan 24, 2025 · 11:46 AMNEW data centres in Johor, Malaysia, and the US chip export ban are not likely to have a big impact on Keppel DC Reit, said the manager on Friday (Jan 24). The workloads in Johor are different from Singapore, with the data centres here doing more artificial intelligence (AI) inference work rather than training, the manager said in its fourth quarter 2024 earnings call.
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Jan 23, 2025 | 
businesstimes.com.sg | Chong Wei
RENTAL rates for industrial properties in Singapore inched up 0.5 per cent in the fourth quarter of 2024 as compared with the quarter before, JTC’s latest data released on Thursday (Jan 23) indicated. This brings the full-year rental index growth to 3.5 per cent, which represents a “sharp decline” from the previous annual increase of 8.9 per cent in 2023, said JTC.
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Jan 22, 2025 | 
businesstimes.com.sg | Chong Wei
Published Thu, Jan 23, 2025 · 10:29 AMSHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the stock is worth watching as the company is set to ride the construction upturn. When the market opened, the counter rose 14.6 per cent or S$0.007 to S$0.055, with about 2.5 million shares changing hands. The last time it traded at such levels was in July 2024.
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Jan 22, 2025 | 
businesstimes.com.sg | Chong Wei
This includes four Oakwood Premier signings in Adelaide, Bali, Shenzhen and SingaporePublished Thu, Jan 23, 2025 · 08:34 AMASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up 30 per cent from the previous year. This includes a bumper crop of four Oakwood Premier signings into new cities – Adelaide, Bali, Shenzhen and Singapore – since the brand refreshed early last year, said the group on Thursday (Jan 23).
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Jan 22, 2025 | 
businesstimes.com.sg | Chong Wei
SINGAPORE stocks closed lower on Wednesday (Jan 22) following a mixed picture in other Asian markets, after US President Donald Trump said that his administration was discussing a 10 per cent punitive duty on Chinese imports. Trump did not provide specific plans on the universal tariffs and additional surcharges on close trade partners as previously promised, but said that he was thinking about imposing duties on Canadian and Mexican goods as early as Feb 1.
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Jan 21, 2025 | 
businesstimes.com.sg | Chong Wei
Published Wed, Jan 22, 2025 · 09:32 AMSINGAPORE shares started trading in positive territory on Wednesday (Jan 22) morning, tracking overnight gains in global markets. As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 8.82 points higher at 3,804.19. Across the broader market, gainers outnumbered losers 75 to 34 after 36.7 million securities worth S$67.5 million changed hands.
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Jan 21, 2025 | 
businesstimes.com.sg | Chong Wei
SINGAPORE Post (SingPost : S08 0%) has appointed Isaac Mah as its group chief financial officer (CFO), effective Wednesday (Jan 22). This comes after the group in December last year announced that it intended for Mah, who was then the CFO of its Australia business Freight Management Holdings, to return to Singapore and assume the position.
Mah, 41, will take guidance from board chairman Simon Israel, said SingPost.
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Jan 20, 2025 | 
businesstimes.com.sg | Chong Wei
PRESIDENT Donald Trump has issued a series of executive orders and announced other priorities on his first day in office. These orders are intended to eliminate diversity, equity, and inclusion funding, bring back oil and gas production, and tackle the issue of US trade deficits, among others. The list includes:National energy emergencyTrump signs a declaration on “national energy emergency”, permitting the president to boost US energy production such as drilling in Alaska.
