Industry News

Grand Park City Hall, a five-star hotel in Singapore, has been recognised among the top 1% of hotels worldwide in Tripadvisor’s 2025 Travellers’ Choice Best of the Best Awards. This marks the second consecutive year the hotel has achieved this prestigious accolade, attributed to positive guest feedback and the dedication of its staff.

The Travellers’ Choice Best of the Best Awards are based on a full year of Tripadvisor reviews and ratings from a global community of travellers. Only a select few hotels earn this distinction, highlighting exceptional hospitality. Guests frequently commend Grand Park City Hall for its prime location in Singapore’s Civic District, offering easy access to City Hall MRT station and major attractions such as Marina Bay and the National Gallery Singapore.

The hotel’s Crystal Club Lounge, which provides complimentary food and drinks throughout the day, is often highlighted as a standout feature by returning guests. The service at Grand Park City Hall is also highly praised, with one reviewer noting, “The staff are all fantastic and very accommodating.”

Grand Park City Hall, the flagship luxury hotel of Park Hotel Group, is situated in the heart of Singapore’s Civic District. It features 343 guest rooms across 10 floors, blending modern design with Peranakan motifs and vintage touches. This unique combination offers guests an immersive experience reflecting Singapore’s rich cultural tapestry.
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Marriott International’s Luxury Group has announced the return of its Luxury Dining Series, set to take place from July to September 2025 across Asia Pacific. This year’s theme, “Forgotten Flavours,” will see a range of luxury hotels, including The St. Regis Osaka, JW Marriott Jeju Resort & Spa, JW Marriott Bengaluru Prestige Golfshire Resort & Spa, The Ritz-Carlton, Perth, The St. Regis Singapore, The St. Regis Jakarta, and The Ritz-Carlton, Bangkok, offering unique culinary experiences. These events will feature global culinary talents who will reinterpret ancient ingredients for contemporary tastes.

The series, which follows the success of last year’s inaugural campaign, promises an expanded line-up of stops and collaborations. Oriol Montal, Regional Vice President Luxury Asia Pacific excluding China, stated, “We are thrilled to unveil the latest edition of the Luxury Dining Series featuring an expansion of stops with a broader line-up of culinary talents across our global portfolio of luxury hotels.”
Highlights include a collaboration between Chef Takato Kitano of Wajo and Master Teppan Chef Yuki Oe at The St Regis Osaka, focusing on Japanese produce. In Jeju, a Six-Hands dinner will showcase the talents of chefs from JW Marriott Gold Coast Resort & Spa, The Ritz-Carlton Melbourne, and The Flying Hog. Meanwhile, The Ritz-Carlton Perth will host an “East Meets West” dinner, blending Australian and Japanese culinary techniques.

Marriott Bonvoy members can bid on these exclusive dining events using their loyalty points, adding an extra layer of exclusivity to the series. As the series unfolds, it promises to offer unforgettable culinary experiences that blend craftsmanship, cultural heritage, and innovation, reflecting the evolving landscape of global gastronomy.
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Akesis Biologics, a biotechnology spinoff from the National University of Singapore (NUS), has unveiled MastGut, a groundbreaking supplement designed to enhance gut and colorectal health. This innovative product employs the DUSP10 enzyme, delivered via the probiotic Lactococcus lactis, to reduce gut inflammation and support long-term colorectal health. With colorectal cancer being the second leading cause of cancer-related deaths globally, MastGut aims to address this pressing health issue.

MastGut distinguishes itself from traditional supplements by using a scientific approach grounded in academic research. “Most people think of probiotics as general digestive aids,” said Zhang Yongliang, co-founder and CEO of Akesis. “MastGut takes it much further. We intend to deliver an active functional protein that regulates inflammation and suppresses tumour-promoting enzyme activities—all using a probiotic vehicle.”

The DUSP10 enzyme acts as a brake on the MAPK pathway, a molecular signal chain often overactivated in gut inflammation and cancer. Studies have shown that higher expression of DUSP10 in humans is linked to better colorectal cancer outcomes. “This isn’t just another supplement,” said Chin Wen Png, co-founder and CTO of Akesis. “MastGut sits at the intersection of therapeutic treatment and nutritional science.”

Akesis Biologics is actively collaborating with hospitals, pharmacies, and research partners to expand MastGut’s reach across Asia and beyond. Associate Professor Benjamin Tee, Vice President of Ecosystem Building at NUS Enterprise, highlighted the significance of this launch, stating, “Akesis Biologics’ successful journey from lab to market exemplifies our ongoing commitment to nurturing deep tech ventures and empowering them to create meaningful societal impact.”
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The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise have launched the ninth edition of the PIER71™ Smart Port Challenge (SPC) 2025, inviting startups worldwide to develop innovative solutions for the maritime industry. The launch took place at Echelon 2025, Asia’s leading tech and startup conference, with participation from over 200 international startups, venture capitalists, and maritime partners.

To enhance its global outreach, PIER71™ will host 15 roadshows across 13 cities, including new locations such as Los Angeles, Boston, Germany, and the UK. The challenge features 15 problem statements across four focus areas: Maritime Green Technologies, Smart Shipping, Next-Generation Ports, and Digitalisation. Shortlisted startups will join a 10-week SPC Accelerate programme, offering targeted mentorship and market validation opportunities.

Since its inception in 2018, PIER71™ has supported nearly 150 startups, raising over $95 million (S$130 million) in venture capital. In 2025, four alumni secured a combined $25 million (S$34 million) in funding, with Seadronix raising $11 million (S$15 million) in Series B funding for its AI-powered ship navigation technology.

MPA Chief Executive Teo Eng Dih emphasised the challenge’s role in advancing maritime innovations, whilst NUS Senior Vice President Tan Sian Wee highlighted the importance of global connectivity in maritime innovation. Startups can submit proposals by 11 July 2025, with top participants eligible for MPA’s Maritime Innovation and Technology Fund and cash prizes at the SPC2025 Great Circle finals in November.
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Kyndryl has announced the appointment of Guat Ling Ang as Managing Director for its Singapore operations, a key hub for the company’s IT infrastructure and digital transformation services in the ASEAN region. Guat Ling, with her extensive experience in application and infrastructure services, is set to provide strategic leadership to help Kyndryl’s customers leverage emerging trends in artificial intelligence and IT modernisation.

Andrew Lim, Managing Director for ASEAN and Korea at Kyndryl, praised Guat Ling’s expertise, stating, “Guat Ling brings deep expertise and a proven ability to scale complex services and drive meaningful outcomes for both public and private sector customers.” Her leadership is expected to guide Kyndryl Singapore into its next growth phase.

Guat Ling expressed her enthusiasm for the role, saying, “I’m honoured to lead Kyndryl’s Singapore business at such a pivotal time. I look forward to working with our talented Singapore teams to deepen partnerships, deliver mission-critical services, and support our customers’ modernisation goals across sectors.”

Before joining Kyndryl, Guat Ling held senior management roles at NEC Asia Pacific, the Government Technology Agency of Singapore, Hewlett Packard Enterprise, and Cognizant Technology Solutions. Her leadership has been pivotal in driving growth across these organisations.

Kyndryl, the world’s largest IT infrastructure services provider, offers advisory, implementation, and managed service capabilities to thousands of customers in over 60 countries. The company continues to design, build, manage, and modernise complex information systems globally.
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DBS Bank has announced a pioneering move to formally recognise CPF LIFE payouts as income for credit card applications, starting 11 June. This initiative aims to provide seniors aged 65 and above with clearer income recognition, enabling them to access credit options that were previously less accessible. Traditionally, banks have assessed credit card eligibility based on salary, rental, and investment income, with CPF LIFE payouts considered only on a discretionary basis.

This change follows the Monetary Authority of Singapore’s recent confirmation that CPF LIFE payouts can be considered a valid income source for retirees seeking unsecured loans, such as credit cards. Calvin Ong, Head of Consumer Banking Group at DBS Singapore, stated, “By recognising the payouts as income, we’re making sure seniors continue to have fair access to credit and the cards’ accompanying privileges.”

DBS remains the only bank to include CPF payouts in its “Bank & Earn” programme, allowing seniors to qualify for higher interest rates. This policy aligns with DBS’ broader strategy to support Singapore’s ageing population, as a recent report highlighted that CPF payouts cover more than half of retirees’ expenses.

Seniors can apply for credit cards using CPF LIFE payouts by visiting any DBS/POSB branch and submitting their CPF monthly payouts history or bank statements. This initiative is part of DBS’ ongoing commitment to financial inclusion and supporting retirees in maintaining financial independence and dignity.
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Aspire, a leading financial operating system for modern businesses, has announced its integration with Payboy, a prominent payroll software provider in Asia. This collaboration marks Aspire as the first fintech company to directly integrate with Payboy, aiming to simplify payroll management for businesses across the region. The integration allows businesses to seamlessly export payroll data from Payboy and import it into Aspire, eliminating the need for manual reformatting and significantly reducing error rates.

Payroll management has traditionally been a time-consuming process, with 52% of Singaporean HR professionals reportedly spending up to six hours per week troubleshooting payroll errors. The new integration addresses these challenges by enabling a streamlined process that reduces administrative workload and allows payroll to be executed efficiently in just two steps: export and upload.

Andrea Baronchelli, CEO and Co-Founder of Aspire, stated, “We are proud to be the first fintech to integrate with Payboy. Aspire is leading the way in simplifying financial operations. We’re not just offering faster payroll; we’re redefining what modern automated finance should look like for ambitious businesses.”

Raphael Ng, General Manager of Payboy, added, “Together with Aspire, we’re helping teams move faster with confidence and enabling data-driven decisions.”

This partnership aligns with Aspire’s broader vision of streamlining business finance through seamless integrations with trusted tools. The Payboy integration expands Aspire’s suite of payroll integrations, reinforcing its commitment to automating and simplifying financial operations for Singaporean entrepreneurs and businesses. The integration is now live and available to Aspire users in Singapore.
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McDonald’s Singapore has announced an exciting collaboration with the iconic lifestyle brand tokidoki, introducing exclusive limited-edition collectible charms. The charms feature beloved McDonaldland characters—The Hamburglar, Grimace, and Birdie—reimagined in tokidoki’s distinctive style. This collaboration coincides with the return of the fan-favourite Spicy Chicken McNuggets®, accompanied by new side offerings like Smoky Nacho Cheese Sauce, Roasted Sesame & Seaweed McShaker™ Fries, and Lychee McFizz®.

The charms, priced at $7.90 each, are available with the purchase of a Chicken McNuggets® meal from 12 June. Simone Legno, Co-Founder and Artist of tokidoki, expressed excitement about the partnership, stating, “We’re thrilled to help launch their Spicy Chicken McNuggets® with a fun collectible that brings our characters to life.”

In addition to the charms, McDonald’s is offering a special Collector’s Box, redeemable for 2,500 MyM Reward Points from 16 June. The first 500 redemptions will include an autographed set by Simone Legno. Fans will also have the opportunity to meet Legno during a special event at McDonald’s Great World on 28 June.

This collaboration not only offers a unique collectible experience but also enhances the dining experience with the return of the Spicy Chicken McNuggets® and new side options, available for a limited time.
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KrisFlyer, the rewards programme of the Singapore Airlines Group, is set to offer its members exclusive early access to tickets for the highly anticipated Jacky Cheung 60+ Concert Tour 2025 in Singapore. The concerts will take place at the Singapore Indoor Stadium on 21, 22, and 23 November 2025. Members can participate in the KrisFlyer Priority Sale starting 2 July 2025, using Mastercard credit or debit cards on Ticketmaster.

The concert, featuring the legendary Hong Kong singer known as the “God of Songs,” promises an unforgettable experience for attendees. KrisFlyer members can also redeem miles for tickets in Categories 1 to 3 through the KrisFlyer Experiences website. Redemption rates start at 60,000 miles for a pair of Category 3 tickets.

Dai Haoyu, Senior Vice President Marketing Planning at Singapore Airlines, stated, “KrisFlyer’s partnership with Jacky Cheung’s highly anticipated concerts in Singapore demonstrates our commitment to offering diverse, high-quality experiences to members.”

To access the priority sale, members must register online and subscribe to KrisFlyer and SIA Group’s Email Promotions by 17 June 2025. Eligible members will receive a unique access code by 24 June 2025. Each Ticketmaster account holder is limited to four tickets across all concert dates and categories.

This collaboration adds to KrisFlyer’s portfolio of high-profile music events, following partnerships with artists like Ed Sheeran and Lady Gaga. The initiative underscores KrisFlyer’s commitment to enhancing its programme’s value beyond travel, catering to the diverse interests of its global membership.
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FindTheLoan.com, Singapore’s pioneering loan marketplace, has successfully closed its seed funding round, paving the way for the launch of its new platform, Loan Comparison 2.0. The platform promises to revolutionise the loan application process by allowing borrowers to connect directly with multiple lenders, eliminating the need for intermediaries and enhancing transparency and efficiency.

The company’s founder, Daniel Tan, highlighted the need for a more transparent loan marketplace, especially in light of practices observed during the COVID-19 pandemic. “During COVID, we saw our peers exploiting the situation by cherry-picking customers or jacking up their finder’s fees,” he stated. Loan Comparison 2.0 addresses these issues by providing a seamless, end-to-end process that empowers borrowers to apply and compare offers directly on a single platform.

Investor Alan Li, a seasoned entrepreneur, expressed confidence in the platform’s potential, citing the dynamic financial landscape of Southeast Asia as a fertile ground for such innovations. “The loan industry in Southeast Asia presents immense opportunities due to its growing demand for accessible credit solutions,” Li noted.

Md Ishak, another investor and managing director of Dazzling Xchange, emphasised the platform’s automation as a key differentiator. “What truly sets FindTheLoan apart is that it is fully automated, with no human loan broker involved,” he said, highlighting its potential to disrupt traditional comparison websites.

FindTheLoan.com aims to fill the regulatory gap in Asia’s loan industry by offering a fully digital and transparent experience. As the platform scales, it is poised to challenge existing loan comparison sites, particularly as regulators scrutinise the clickbait nature of indicative rates.
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