Singapore-headquartered precision engineering firm Metasurface Technologies Holdings began trading on SGX Catalist on Nov 4, closing its first session at S$0.56, up about 3.7% from its placement price.
Insurers Team Up On US$200 Million Data Centre Insurance Facility In Singapore
MSIG, Gallagher Re, SCOR, Samsung Re and the Cybersecurity Association Singapore are developing a Singapore-anchored data centre insurance facility with US$200 million in initial capacity.
DBS Q3 Net Profit Falls 5% To S$2.81 Billion As Trading Income Slumps
DBS Group’s third-quarter net profit fell 5% to S$2.81 billion, missing analyst estimates as markets trading income dropped 65%, though nine-month profit reached a record S$8.82 billion.
Cohere Sets Up Defence AI Accelerator In Singapore For Sovereign Customers
Canadian AI firm Cohere has set up a Defence AI Accelerator in Singapore to help defence and other sovereign customers move AI projects from pilots into secure operational use.
MAS Sets Aside S$30 Million To Help Insurers Build Infrastructure Investment Capabilities
MAS has launched a S$30 million grant and proposed lower capital charges for qualifying infrastructure and securitisation investments, as it seeks to channel more long-term insurance capital into these assets.
UOB Q3 Net Profit Of S$1.25 Billion Misses Forecasts Despite Record Fees
UOB’s third-quarter net profit came in at S$1.25 billion, below analyst estimates, as record fee income was offset by weaker trading gains and a narrower net interest margin.
Sheng Siong Q3 Net Profit Rises 1.8% To S$44.6 Million On New Stores
Supermarket chain Sheng Siong posted a 1.8% rise in third-quarter net profit to S$44.6 million, as revenue grew 6.2% on a larger store network.
AI Marketing Platform Profound Sets Up Asia Pacific Headquarters In Singapore
US-based AI marketing platform Profound has named Singapore its Asia Pacific headquarters and plans to hire more than 15 people in the city over the next 12 months.
Singapore Factory Growth Slows In October As PMI Eases To 51.4
Singapore’s manufacturing sector grew for a 15th straight month in October, though the purchasing managers’ index slipped 0.3 point to 51.4.
Maybank Offers Ringgit Current Accounts To Eligible Singapore Companies
Maybank has extended its Malaysia Ringgit Current Account to eligible Singapore-based firms, letting them hold and convert ringgit ahead of Malaysia-related payments.