Industry News

ENNOVI has introduced ENNOVISealTech, a patent-pending busbar sealing technology designed to prevent coolant leaks in electric and hybrid vehicle drivetrains. This innovation aims to improve manufacturing efficiency and design flexibility compared to traditional methods. ENNOVISealTech can be applied to busbars or other interconnects, accommodating various applications such as motors, inverters, and oil pump interfaces.

The technology addresses the challenges of managing busbar interfaces in electric vehicles (EVs), where coolant is present on one side and a dry, electrically robust connection is required on the other. Dominik Pawlik, Product Portfolio Director for Power Interconnects at ENNOVI, explained that conventional methods like potting or rubber O-rings incur high costs and time for secondary processes, as well as potential leakage issues over time. ENNOVISealTech overcomes these limitations by offering two sealing methods: double-walled shrink tubes and adhesive tape, both of which eliminate post-processing.

ENNOVISealTech undergoes rigorous testing to ensure it meets design requirements, including thermal ageing at 150°C for 1,000 hours and thermal shock cycling from -40°C to 150°C for 600 cycles. A leak test is also conducted to verify sealing integrity. The technology is compatible with various metals and plastics, including copper, aluminium, and polycarbonate, allowing it to adapt to different busbar shapes and specifications.

ENNOVI continues to leverage its expertise in electromechanical engineering and high-precision manufacturing to support EV original equipment manufacturers (OEMs) and suppliers in bringing innovative solutions to market.
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The latest instalment of #whatstrending, a series dedicated to exploring market trends, features insights from Beansprout, a Monetary Authority of Singapore (MAS)-licensed investment advisory platform. Gerald Wong, founder and CEO of Beansprout, shares his expertise on the valuation of Software-as-a-Service (SaaS) companies, a sector gaining significant traction in the Singapore market.

SaaS companies, known for delivering software over the internet, are evaluated using specific metrics that differ from traditional businesses. Key metrics include customer acquisition cost, customer lifetime value, and monthly recurring revenue. These metrics help investors understand the financial health and growth potential of SaaS firms.

Wong emphasises the importance of understanding these metrics when valuing SaaS companies. “Investors need to look beyond traditional valuation methods and focus on the unique aspects of SaaS businesses,” he notes. This approach is crucial as SaaS companies often operate with different business models and revenue streams compared to conventional firms.

The #whatstrending series aims to provide educational content for investors, offering factual information on market drivers and sector-specific insights. By focusing on SaaS companies, Beansprout highlights a growing area of interest for investors looking to diversify their portfolios with technology-driven businesses.

As the SaaS industry continues to expand, understanding its valuation becomes increasingly important for investors. Beansprout’s insights offer a valuable perspective for those navigating this dynamic sector.
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In the early part of the second quarter of 2025, ten of the most actively traded stocks on the Singapore Exchange (SGX) have defied a general market downturn, achieving impressive double-digit percentage returns. Despite the Straits Times Index (STI) experiencing a 1.1% decline in total return through to 7 May, these stocks have averaged a 14% total return, effectively doubling their year-to-date performance to 28%.

The standout performers include CNMC Goldmine, Food Empire, Sheng Siong, Singtel, Hongkong Land, ST Engineering, Frasers Hospitality Trust, Geo Energy Resources, Jardine Matheson, and Top Glove Corp Bhd. These stocks have been buoyed by net institutional inflows, reflecting investor confidence in their resilience amidst global economic challenges.

The broader market context reveals that institutions have net bought S$92m in stocks, whilst retail investors have been more active, purchasing S$904m worth of stocks. The Telecommunications and Industrials sectors have seen the most significant institutional inflows, whereas the STI Banks and Technology sectors have experienced outflows.

The global economic landscape remains uncertain, influenced by ongoing trade negotiations and potential tariff scenarios. The Federal Reserve has indicated that future interest rate decisions will be data-driven, adding to the market’s cautious outlook.

As global investors focus on economies with robust domestic demand, Singapore’s strong fiscal position and banking sector resilience are highlighted by the International Monetary Fund (IMF) as key strengths. This positions Singapore well to navigate potential challenges and opportunities in the coming months.
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Klook has unveiled its SG60 Passport to Adventure, a campaign designed to celebrate Singapore’s 60th birthday by offering exclusive deals and experiences starting at just S$6. The initiative aims to encourage Singaporeans to rediscover their homeland through a variety of attractions, food and beverage (F&B) options, hotels, cruises, tours, car rentals, and wellness activities.

The campaign, which will feature over 60 merchants with deals refreshed monthly, is supported by bank partners and seeks to foster a renewed sense of discovery, bolster local businesses, and enhance community engagement. Sarah Wan, General Manager of Klook Singapore, Indonesia, and Malaysia, stated, “SG60 provides a platform for us to inspire Singaporeans to rediscover the joy of exploration, right here at home.”

The SG60 Passport to Adventure will roll out new deals each month, highlighting themes such as nostalgic trails, nature escapes, foodie finds, and wellness wonders. Key highlights include:

– **Shiok Makan Deals**: Offers include a S$6 Toast Box set and discounts on popular local snacks and restaurant menus.
– **Cruise Lobang**: Savings of up to S$106 on cruises such as StarDream Cruises and Ovation of the Seas by Royal Caribbean International.
– **Attractions Boleh**: Discounts on cultural experiences like the National Gallery Singapore and the Royal Albatross City Lights & Sunset Dinner Cruise.
– **Tours and Activities Jalan Jalan**: Up to 40% off on local tours and activities, including the Naturalist Night Adventure and the Orchid Perfume Workshop.

The SG60 Passport to Adventure is available online, providing Singaporeans with easy access to these exciting offers.
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Synology has unveiled two new DiskStation models, the DS1825+ and DS1525+, aimed at small and medium enterprises and professional users seeking high-performance storage solutions. These models, launched on 7 May 2025, promise to deliver robust data management capabilities and scalability.

The DS1525+ and DS1825+ are equipped with dual 2.5GbE ports, with the DS1525+ offering an upgrade to 10GbE via the E10G22-T1-Mini module. The DS1825+ includes a PCIe 3.0 slot supporting 10GBASE-T or 10/25GbE SFP+/SFP28 network cards. Both models feature two M.2 slots, enabling users to create an all-flash cache or storage pool for demanding workloads. In performance tests, the DS1825+ achieved up to 2,239 MB/s read and 1,573 MB/s write speeds, whilst the DS1525+ reached 1,181 MB/s for both read and write.

Owen Liao, Product Manager at Synology, stated, “These two models offer a powerful foundation for data management and collaboration. With evolving needs for data management, they are perfectly designed to deliver business-grade performance, scalability, and reliability.”

The systems support capacity expansion with up to two 5-bay DX525 expansion units, allowing businesses to increase storage as needed. The DS1525+ can provide up to 300 TB of raw storage, and the DS1825+ up to 360 TB when fully expanded.

Powered by Synology’s DiskStation Manager, the models offer features like Synology Drive for private cloud capabilities, Active Backup Suite for comprehensive device protection, and Surveillance Station for video management.

The DS1825+ and DS1525+ are now available through Synology’s global network of partners and resellers.
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Global apparel retailer UNIQLO has announced a new collaboration with British designer Anya Hindmarch for the Summer 2025 Collection, titled “T-SHIRT SHOP,” available from 23 May. This collection, which follows the success of last season’s launch, features Hindmarch’s signature eye motif and deconstructed stitching on T-shirts designed for both women and children, offering stylish and breathable summer essentials.

The women’s collection includes four meticulously crafted styles, each designed with attention to fabric, sleeve length, and neckline. The T1BOXY features a looser fit with striking zigzag stitching, whilst the T2CLASSIC offers a neat fit with fun stitching details. The T3SLEEVELESS is ideal for warm days with its unique shoulder detail, and the T4TANK provides a modern, fitted style. For children, the KT1EASY T-shirt is designed for play, available in four vibrant colours with playful animations.

In addition to T-shirts, the collection includes machine-washable square pouches in two sizes, perfect for travel or gifting. Hindmarch expressed her excitement about the collaboration, stating, “The T-SHIRT SHOP covers all the weights, shapes, and purposes you need, combining what UNIQLO does so well with a playful Anya approach.”

The full lineup will be available at all UNIQLO stores in Singapore and online. Prices for women’s T-shirts start at S$19.90, whilst children’s T-shirts are priced at S$14.90. Accessories range from S$14.90 to S$19.90.
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ETC has announced the sale of five adjoining three-storey conservation shophouses located on Temple Street in Singapore’s vibrant Chinatown. The properties, collectively priced at $65m (S$90m), are available to both local and foreign buyers without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty. The sale will be conducted through an Expression of Interest exercise, closing on 8 July 2025.

Situated within the Kreta Ayer Conservation Area, these shophouses boast a total land area of 559.2 sq m and a built-up area of 1,402.3 sq m. Currently operating as The Inn at Temple Street, a 42-key boutique hotel, the property benefits from a 999-year leasehold tenure. Under the Urban Redevelopment Authority’s Master Plan 2019, the site is zoned for commercial use, allowing for diverse applications such as retail, hospitality, and office spaces.

Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the property’s unique attributes, stating, “The subject property offers a compelling blend of historical charm, prized hotel approval, near freehold-equivalent tenure and five separate land titles – a robust combination that’s nearly impossible to replicate in Singapore’s tightly held shophouse market.”

The strategic location near Chinatown MRT Interchange enhances its appeal, providing excellent connectivity and high foot traffic. The property’s corner position offers significant street visibility, with potential for creative enhancements such as a statement mural, subject to approval.

This sale represents a rare opportunity for investors to acquire a landmark asset in one of Singapore’s most culturally significant areas. The flexibility of individual land titles allows for various development possibilities, from standalone shophouses to innovative lifestyle concepts.
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Ensign InfoSecurity, one of Asia’s largest cybersecurity service providers, has been acknowledged as a Research Sponsor in the 2024 MITRE Centre for Threat-Informed Defence (CTID) Impact Report.

This recognition marks Ensign as the first Singapore-based company to contribute to the global initiative aimed at advancing open threat-informed defence against sophisticated cyber threats.

The MITRE CTID Impact Report, celebrating the centre’s fifth anniversary, highlights the collective efforts of organisations worldwide in supporting its mission. Ensign’s involvement underscores its commitment to cybersecurity innovation and the defence of Operational Technology (OT) environments and critical infrastructure. Tan Ah Tuan, Head of Ensign Labs, stated, “Partnering and supporting MITRE CTID’s mission of enabling threat-informed defence was a natural match because we use ATT&CK to guide detection across the OT analytics that we develop to identify sophisticated attack patterns.”

Ensign’s participation aligns with its strategic focus on developing intelligence-led cybersecurity strategies that are both globally accessible and locally relevant. This collaboration has empowered critical sectors with effective defensive measures against emerging threats, reinforcing Ensign’s position as a trusted partner to enterprises and government agencies across the Asia-Pacific region.

Ensign InfoSecurity, headquartered in Singapore, offers bespoke cybersecurity solutions and services, with core competencies in advisory and assurance services, architecture design, systems integration, and managed security services. With two decades of experience, Ensign continues to serve clients from both public and private sectors in the region.
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Eden Restaurant is set to redefine Father’s Day celebrations with its “Glam Dad’s Day Out” Semi-Buffet Lunch on 15 June 2025, from 12:00 PM to 3:00 PM at Pullman Singapore Orchard. Priced at $118++ per person, the event aims to honour fathers who appreciate style and sophistication, offering a unique culinary experience.

The semi-buffet format features free-flow starters, including Asian Beef Tartare and Double Cheese Cauliflower, alongside an interactive “Make Your Own Salad Bar”. Main courses promise to impress with dishes like Slow-Cooked Beef Cheek with Hoisin Pepper Sauce and Baked Salmon with Green Mango Slaw and Tangy Green Curry Emulsion. The event concludes with an exquisite Dessert Bar, providing a sweet and stylish end to the meal.

This celebration is designed for families to express gratitude to fathers in a manner that aligns with their modern sensibilities. “It’s a heartfelt tribute to the fathers who inspire us every day,” the restaurant noted, highlighting the event’s focus on individuality and refined taste.

Eden Restaurant, located at 270 Orchard Road, invites families to partake in this special occasion. For reservations or more information, visit www.edenrestaurant.sg. This event not only offers a memorable dining experience but also sets a new standard for Father’s Day celebrations, catering to the evolving tastes of today’s fathers.
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CBRE has announced the sale of a prime industrial property at 21 Bukit Batok Street 22, featuring a 3-storey light industrial building. Priced at approximately $13.2m (S$18m), the sale will be conducted via private treaty. The property, with a lease tenure until 2051, spans a plot of land measuring approximately 40,901 square feet and offers a gross floor area of about 64,548 square feet.

The site is designated as “Business 1” under the Master Plan 2019, with a plot ratio of 2.5, allowing for a potential built-up area of approximately 102,253 square feet. This presents significant redevelopment opportunities for potential buyers. The building itself includes 18,872 square feet on Level 1, 7,931 square feet on the Mezzanine, and 18,872 square feet on Levels 2 and 3, with ceiling heights ranging from 3.3 to 4.2 metres. Additionally, the site features 20 parking spaces.

Strategically located, the property boasts excellent connectivity to the Pan-Island Expressway and the upcoming Jurong Region Line. It is also within walking distance to bus stops and a 14-minute walk from Bukit Batok MRT station. The location is ideal for light manufacturing, production usage, and regional R&D offices, as well as self-storage operators on B1 sites.

Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services at CBRE, highlighted the property’s appeal, stating, “21 Bukit Batok Street 22 offers an opportunity for investors and owner-occupiers to acquire a property with excellent building specifications, ample land for potential redevelopment, and a strategic location within the heart of Singapore’s western manufacturing hub.”
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