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JTC opens tender for Kaki Bukit industrial site
JTC has announced the launch of a new industrial site at Kaki Bukit under the Industrial Government Land Sales (IGLS) Programme for the first half of 2026. The site, which spans 0.74 hectares, is part of the Confirmed List and is one of six sites to be released, contributing to a total of 8.39 hectares of industrial land available in this period.
The Kaki Bukit site is zoned for B2 industrial use, with a gross plot ratio of 2.5, and comes with a 33-year tenure. The tender for this site is set to close on 23 June 2026 at 11:00 am. This initiative is part of JTC’s ongoing efforts to meet the demand for industrial space and support economic growth.
Interested parties can purchase the Tenderers’ Packet, priced at $185.30 inclusive of GST, through the official JTC website. This packet provides comprehensive details necessary for potential bidders. The launch of this site is expected to attract significant interest from businesses looking to expand their operations in Singapore’s industrial sector.
The release of the Kaki Bukit site under the IGLS Programme highlights JTC’s commitment to facilitating industrial development and ensuring the availability of strategically located sites for businesses. This move is anticipated to bolster Singapore’s industrial landscape, providing opportunities for growth and innovation in the sector.
Gen Z slams Singapore firms’ hiring readiness
Research by global talent solutions partner Robert Walters highlights a significant disconnect between Singaporean employers and Gen Z professionals. Whilst 71% of organisations are open to hiring Gen Z employees, 67% of Gen Z professionals feel that companies are not adequately prepared to meet their needs. This sentiment is echoed by the fact that 47% of hiring managers face challenges in managing Gen Z effectively.
The study, which surveyed six Southeast Asian countries, found that Singaporean companies are the most hesitant to hire Gen Z professionals, with 4% expressing reluctance. Despite recognising Gen Z’s strengths in digital literacy and tech-savviness, companies struggle to integrate them into multi-generational teams due to differing work preferences and communication styles.
Gen Z professionals prioritise job security and well-being support, with 56% valuing stability and 33% seeking well-being initiatives. However, nearly half expect to leave their current employer within two years, indicating a need for improved retention strategies. On-the-job training and mentorship programmes are highly valued, with 50% of Gen Z professionals preferring practical learning experiences.
Kirsty Poltock, Country Manager of Robert Walters Singapore, suggests that businesses should adopt strategies aligned with Gen Z’s values, such as offering hybrid work options, prioritising practical skills training, and fostering mentorship. She notes, “Singaporean employers may be more selective, seeking Gen Zs who can prove their corporate readiness immediately.”
As Singapore’s workforce evolves, bridging the gap between Gen Z expectations and organisational readiness will be crucial for long-term engagement and growth.
Easyhome challenges local market with KL flagship
China-based home furnishing giant, Easyhome, has inaugurated its first flagship store in Kuala Lumpur, Malaysia, on 26 April 2026. This launch signifies the company’s strategic entry into the Southeast Asian market and aims to bolster China-Malaysia economic and trade cooperation. The grand opening was attended by notable figures, including Easyhome’s Chairman and CEO Wang Ning, and other distinguished guests.
Easyhome’s expansion into Malaysia is part of a broader internationalisation strategy initiated three years ago. Wang Ning highlighted Malaysia’s mature business environment and strategic location as pivotal factors in choosing it as a hub for further expansion into Southeast Asia, the Middle East, and Central Asia. Over the next three years, Easyhome plans to strengthen its local supply chain and expand into key Malaysian cities such as Johor Bahru and Penang.
The Kuala Lumpur store replicates Easyhome’s successful one-stop home solution model, integrating China’s advanced supply chain with local consumer needs. This collaboration with Pavilion REIT aims to set a benchmark for China-Malaysia commercial cooperation. The mall, located in USJ 1 Subang Jaya, offers a comprehensive lifestyle experience with a mix of international and local brands across multiple floors.
Easyhome’s digital ecosystem, including platforms like Homestyler and Doorverse, supports its transition from traditional retail to a digitalised service platform, enhancing customer experience. The Kuala Lumpur launch is a significant milestone in Easyhome’s global expansion, following ventures in Phnom Penh and Macau, and sets the stage for further growth in the region.
GXS Bank launches loan to support SMEs in Singapore
GXS Bank has partnered with Funding Societies to introduce the GXS Biz Property-backed Loan, designed to provide small and medium-sized enterprises (SMEs) in Singapore with up to S$2m in financing. This initiative aims to help businesses unlock liquidity from residential or commercial properties, enabling them to seize growth opportunities and manage cash flow more effectively.
The collaboration leverages GXS Bank’s robust balance sheet and extensive ecosystem, which includes shareholders Grab and Singtel, alongside Funding Societies’ expertise in digital SME financing. The loan will initially be available to existing customers of GXS Bank and Funding Societies, as well as SMEs within the Grab and Singtel ecosystem.
Pei-Si Lai, Group CEO of GXS Bank, highlighted the importance of this offering, stating, “SMEs are the backbone of our economy, yet financing for many of them is either not available, not affordable or not adequate to support their growth meaningfully.” She emphasised that the new loan product allows business owners to convert illiquid assets into liquidity, facilitating timely growth opportunities.
Kelvin Teo, Co-founder and Group CEO of Funding Societies, noted the significance of the partnership in making property-backed financing more accessible. “This collaboration with GXS Bank brings together GXS Bank’s ecosystem playbook and Funding Societies’ digital financing experience to make property-backed financing more accessible to businesses navigating an increasingly uncertain market,” he said.
The GXS Biz Property-backed Loan is set to roll out progressively, aiming to support SMEs in navigating financial challenges and fostering sustainable growth.
Singapore shifts focus to trusted AI deployment
Capgemini Research Institute’s latest report reveals that over 75% of organisations in the Asia-Pacific (APAC) region are advancing beyond pilot stages in physical AI deployment, with Singapore emerging as a leader. The report, titled “Physical AI: Taking human-robot collaboration to the next level,” indicates that Singapore’s mature, risk-aware approach is setting it apart in the region.
The study shows that 79% of organisations globally are engaging with physical AI, with APAC markets like South Korea and Japan leading at 84%. Singapore, however, is distinguished by its real-world deployment, with 21% of organisations already implementing physical AI, surpassing countries like China and South Korea.
Singapore faces fewer challenges in integration and data infrastructure compared to its regional counterparts. Only 28% of Singaporean organisations report integration challenges, significantly lower than Japan’s 64% and the global average of 47%. Similarly, data infrastructure gaps affect just 21% of Singaporean firms, compared to 43% globally.
The focus in Singapore is shifting towards trusted deployment, with cybersecurity and sovereignty concerns taking precedence. The report notes that 67% of Singaporean organisations are wary of cybersecurity risks, aligning with South Korea, and higher than the global average of 53%.
Overall, the findings suggest that whilst APAC is accelerating adoption, Singapore’s robust digital and governance frameworks are facilitating a transition from readiness to trusted large-scale deployment. This positions Singapore as a model for other nations aiming to integrate physical AI into their operations effectively.
LinkedIn ranks top employers in Singapore
LinkedIn has unveiled its 2026 Top Companies list, spotlighting the 15 best employers in Singapore for career growth. Topping the list are DBS Bank, Microsoft, Goldman Sachs, and Roche, amidst a competitive job market where 58% of Singaporeans are actively job hunting. The list highlights organisations that excel in supporting career progression, crucial in a landscape increasingly influenced by artificial intelligence.
The demand for skills in data, technology, and business remains robust, with SQL, Python, project management, and business analysis being particularly sought after. The list also notes a strong need for cloud computing, risk management, and digital marketing skills. Job roles in high demand include software engineers, data analysts, and programme managers, with engineering, finance, sales, and IT as the leading hiring sectors.
Financial services dominate the list, with six companies featured, underscoring Singapore’s status as a global financial hub. LinkedIn’s methodology for the list relies on its data, focusing on companies that enable employees to build new skills and advance within the organisation. This annual list serves as a guide for professionals seeking to expand their networks and identify employers offering long-term career development opportunities.
Mooreast divests property for S$29.7m, net proceeds to accelerate offshore wind activities
Mooreast Holdings Ltd, a company listed on the Singapore Exchange, has announced the sale of its property at 51 Shipyard Road for S$29.7m. The transaction is set to yield net proceeds of S$19.2m, which will be channelled towards enhancing the company’s offshore wind activities at a new location. This strategic move aims to bolster Mooreast’s position in the renewable energy sector.
The divestment is part of Mooreast’s broader strategy to focus on its core business of providing mooring solutions for the offshore renewable energy industry. By reallocating resources, the company intends to accelerate its growth in the offshore wind sector, which is witnessing increasing demand globally.
Mooreast’s decision to sell the property aligns with its commitment to sustainable energy solutions. The funds will be used to develop new facilities that support the company’s expansion into offshore wind projects. This development is expected to enhance Mooreast’s capabilities and competitiveness in the renewable energy market.
The sale of 51 Shipyard Road marks a significant step for Mooreast as it transitions towards a more focused business model. The company is poised to leverage the growing opportunities in the offshore wind industry, which is a key component of global efforts to transition to cleaner energy sources. As Mooreast continues to invest in its offshore wind capabilities, it is well-positioned to contribute to the renewable energy landscape.
Sarawak wins APAC lung conference hosting rights
Sarawak has been selected to host the 11th Asia Pacific Regional Conference 2028 (APRC 2028) of the International Union Against Tuberculosis and Lung Disease. Scheduled for 23–26 March 2028 in Kuching, the conference will coincide with World Tuberculosis Day and is expected to draw more than 1,000 delegates from across the Asia Pacific region.
This marks a significant achievement for Sarawak, as it will be the first time the conference is held in Borneo and the second time in Malaysia since 2007. The event is anticipated to generate an economic impact of RM8.2m.
Tuberculosis remains a pressing global health issue, exacerbated by drug-resistant strains, delayed diagnoses, and unequal healthcare access. The diversity of healthcare systems in the Asia-Pacific region further complicates control efforts. In Sarawak, initiatives such as the use of portable handheld X-ray technology by the Bintulu Divisional Health Office aim to improve early detection and access to care, especially in remote areas.
APRC 2028 aims to foster collaboration and innovation in tuberculosis prevention, diagnosis, and treatment. “APRC 2028 directly supports Sarawak’s Post COVID-19 Development Strategy 2030, where healthcare is not only about treatment, but about equity and inclusion,” stated Datuk Amar Prof. Dr Sim Kui Hian, Deputy Premier and Minister of Public Health, Housing, and Local Government Sarawak. The conference will serve as a platform for global and regional leaders to strengthen partnerships and accelerate practical solutions in healthcare.
J&T Express has deployed over 38 million reusable bags to reduce waste
Global logistics provider J&T Express has released its 2025 Environmental, Social, and Governance (ESG) Report, highlighting its advancements in sustainable logistics and energy management. By the end of 2025, the company had established 14 logistics parks worldwide, covering 1.05 million square metres, and deployed over 150,000 energy-efficient motorised rollers and 400 conveyor belts.
J&T Express has also expanded its autonomous vehicle fleet to over 1,000, enhancing last-mile delivery efficiency. The company has introduced 38.27 million reusable transit bags, used over 3.33 billion times, to promote green packaging. In Southeast Asia, Singapore’s fleet now includes 6% electric lorries, whilst the Philippines has achieved 100% adoption of B5 biodiesel, reducing fossil fuel dependency.
The report underscores J&T Express’s commitment to employee welfare, with initiatives like the 2025 Platform Algorithm and Labour Rules Agreement in China, benefiting over 290,000 workers. The company has increased its digital training offerings by 60% year-over-year, with training hours up 2.8 times.
J&T Express’s social responsibility efforts include using drones for agricultural logistics in China and providing disaster relief in Hong Kong and Indonesia. The company has also strengthened its global compliance framework, focusing on anti-corruption and fair competition.
Chief Financial Officer Dylan Tey stated, “ESG has evolved from a concept into concrete operational capabilities. We have proactively explored green transportation transformation and governance of new employment forms.” Looking forward, J&T Express aims to enhance its ESG governance and information disclosure to create long-term value for stakeholders.
Eneco Energy to acquire Fastweld Engineering for S$4.3m
Eneco Energy Limited has announced its intention to acquire Fastweld Engineering Construction Pte. Ltd. for S$4.3m. The acquisition, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM), is expected to enhance Eneco’s revenue base by integrating Fastweld’s engineering capabilities with its existing logistics operations.
The acquisition will see Eneco Energy’s wholly-owned subsidiary, Eneco Singapore Pte. Ltd., purchase 100% of Fastweld’s issued and paid-up share capital from Union Engineering Pte. Ltd. This strategic move is designed to diversify Eneco’s business portfolio, providing a complementary platform in the engineering sector. The acquisition is anticipated to increase the company’s profit attributable to equity holders from S$102,000 to S$325,000 based on pro forma financial results for FY2025.
The transaction is classified as both a “Major Transaction” and an “Interested Person Transaction” under the Singapore Exchange’s listing rules, necessitating shareholder approval. The acquisition aligns with Eneco’s strategy to broaden its business profile and manage diversification risks through phased evaluation and oversight.
Union Steel Holdings Limited, the ultimate holding company of Fastweld, is a substantial shareholder of Eneco Energy, holding approximately 25.02% of its total ordinary share capital. The acquisition is expected to provide additional growth avenues for Eneco, leveraging Fastweld’s expertise in industrial engineering and maintenance works. Further details will be provided in a circular issued by Eneco ahead of the EGM.
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