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.
Aspire Launches AI-Powered AspireBooks Accounting Platform For Singapore Businesses
Business finance platform Aspire has moved beyond payments with AspireBooks, an AI-driven bookkeeping and reconciliation service priced at S$39 a month in Singapore.
Singapore Caps Loans For Individually Owned Private Hire Cars At 60% To 70%
Individuals buying private hire cars in Singapore now face the same borrowing limits as regular car buyers, after the exemption for individually owned vehicles was removed from 30 October.
Safran Picks Singapore For First International Safran.AI Subsidiary Under EDB Pact
Safran’s AI unit will set up its first overseas subsidiary in Singapore, with an AI Centre of Excellence initially focused on automating digital inspection, after the group signed an MoU with the Economic Development Board.