Industry News

Inmispace, a global wellness company known for its expertise in subconscious healing and breathwork, has announced plans to conduct a corporate workshop in Singapore. Scheduled for later this year, the session aims to bolster leadership performance, mitigate burnout, and foster long-term resilience through breathwork and subconscious mind techniques. This initiative follows successful programmes in London and Europe, where Inmispace empowered leaders and teams in high-pressure industries with practical tools for emotional clarity and peak performance.

The workshop, led by Inmispace founder Pei Chan, will incorporate methods from Transformational Breath and Rapid Transformational Therapy. These techniques are designed to help professionals transition from reactive to responsive leadership by regulating the nervous system and enhancing decision-making. Key areas of focus will include “The Power Pivot” for navigating leadership transitions, “Breathe to Lead” for maintaining composure during negotiations, and “Unlock the Unconscious” for addressing stress-driven habits.

Chan emphasised the importance of breathwork in leadership development, stating, “When breath is shallow, decisions tend to be reactive. This workshop is about equipping professionals with the tools to lead from a place of calm, clarity, and inner strength.”

Inmispace has collaborated with leaders across various sectors, including fintech, consulting, healthcare, and fashion, with clients describing the experience as “deeply grounding and career-transforming.” The announcement coincides with the upcoming launch of “My Breath Journal,” a wellness tool designed to guide professionals through daily breath practices, expected to be released later this summer.
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Raffles Medical is set to enhance its operations in China, with healthcare revenue expected to surpass pre-pandemic levels. The company has maintained its “BUY” recommendation, with a target price of SGD1.08, reflecting a 13% upside. This growth is driven by strategic partnerships with Shanghai’s Renji Hospital and the First Affiliated Hospital of Chongqing Municipality, which are anticipated to bolster capabilities and support margin improvements.

The expansion in China is crucial for Raffles Medical as it seeks to achieve EBITDA breakeven by 2026. The company’s healthcare and hospital segments are expected to provide resilience, with potential growth from earnings-accretive acquisitions. The scaling of operations post-COVID-19 is a significant factor in this optimistic outlook.

Analyst Shekhar Jaiswal noted that the partnerships in China should enhance Raffles Medical’s capabilities and support margin gains. The company’s focus on strategic alliances is expected to drive growth and improve financial performance in the coming years.

Raffles Medical’s valuation is currently at a discount compared to regional peers, offering an attractive investment opportunity. The company’s double-digit earnings growth forecast for 2025 to 2027 further underscores its positive outlook. As patient loads normalise and hospital revenue grows, Raffles Medical is well-positioned to capitalise on the expanding healthcare market in China.

In summary, Raffles Medical’s strategic partnerships and expansion in China are pivotal to its growth strategy, with significant implications for its financial performance and market position in the region.
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NEC Laboratories Singapore has announced the introduction of its AI Elderly Care Assistant prototype at CHI Innovate 2025, scheduled for 10-11 July at the Ng Teng Fong Centre for Healthcare Innovation in Singapore. The initiative, branded under the concept “ElderWise,” aims to enhance the independence of seniors living at home through AI-driven support that adapts to their habits and needs over time.

The AI Elderly Care Assistant is designed to facilitate daily life for seniors by offering discreet assistance through natural voice interaction, enabling users to manage tasks without complex interfaces. It also provides cognitive engagement through casual conversations and adaptive learning, recognising individual habits. For caregivers, it offers real-time insights into seniors’ daily patterns, allowing for early intervention without compromising autonomy.

Christopher Lam, Vice President and Head of NEC Laboratories Singapore, stated, “This prototype reflects our belief that AI can play a vital role in enabling seniors to live independently and with dignity.” He expressed confidence in its potential to complement home care efforts and invited collaboration with providers to refine the solution through joint proof-of-concept initiatives.

Attendees of CHI Innovate 2025 are encouraged to visit NEC’s booth to discuss potential collaborations. NEC aims to ensure the solution aligns with real-world eldercare priorities by engaging with the care community. The event promises to be a platform for meaningful conversations about the future of elderly care.
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Cordlife Group Limited has announced a series of townhalls, both in-person and online, for customers affected by issues with damaged and high-risk storage tanks. These sessions, starting this week, aim to explore potential improvements to the company’s support proposal and gather feedback from affected clients. This initiative follows the full resumption of Cordlife’s operations in January 2025.

The townhalls are part of Cordlife’s ongoing efforts to engage with customers and address their concerns directly. Previously, in February and April 2024, Cordlife offered refunds of annual fees and waived future fees for active customers until their child reaches 21. Additionally, if a transplant physician deems the cord blood unusable due to viability issues, Cordlife has pledged to endeavour to find a suitable replacement.

As of 30 May 2025, 56% of affected customers have accepted these offers. Cordlife is now considering an “Enhanced Proposal” based on customer feedback, which may include further provisions for cord blood storage, expanded coverage not previously included in contracts, and medical care support for necessary transplants.

Group Executive Director and CEO Chen Xiaoling emphasised the company’s commitment to customer feedback, stating, “The management team takes all our customers’ feedback seriously. Over the past several months, we have been actively reviewing how we can further improve our offer.” The Enhanced Proposal, once finalised, will be available to all affected customers, including those who have already accepted previous offers.

Cordlife, founded in 2001, operates Asia’s largest network of private cord blood banks and is a leader in several Asian markets.
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Singtel has launched an enhanced Multi-Domestic Connectivity solution, designed to facilitate seamless and secure global Internet of Things (IoT) deployments. In collaboration with floLIVE, a cloud-native IoT connectivity provider, Singtel aims to simplify international IoT expansion across over 190 markets, including China, the Middle East, Europe, and the Americas. This initiative eliminates the need for multiple mobile network operator agreements, SIM platforms, and billing systems.

The new solution is further strengthened by a Memorandum of Understanding with Lenovo Connect, a global wireless service provider. This partnership focuses on aiding Original Equipment Manufacturers (OEMs) in expanding to international markets efficiently and compliantly through a unified platform. The solution is particularly beneficial for automotive OEMs developing connected vehicles, offering reliable and scalable IoT connectivity essential for features like navigation, safety updates, and autonomous driving.

Ng Tian Chong, CEO of Singtel Singapore, highlighted the company’s strategic investments in network infrastructure and global partnerships, stating, “Singtel is well-placed to help companies seeking to expand into new markets with this transformative global IoT solution that simplifies global connectivity, ensures compliance, and enables scalable device lifecycle management.”

The solution addresses the fragmented landscape of mobile network operator platforms by providing a unified portal for integration and management. It offers real-time visibility and control, enabling enterprises to manage devices remotely and ensure superior performance. With the global connected car market projected to exceed $250 billion by 2030, Singtel’s offering is timely for OEMs facing growing demand for real-time services.
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Rental prices for both condominiums and Housing Development Board (HDB) flats in Singapore experienced a slight decline in May 2025, as detailed in the latest 99-SRX Media Flash Report. The report, released by 99.co and SRX, highlights a 0.4% decrease in condo rental prices and a 0.1% drop in HDB rental prices compared to April 2025.

The report attributes these shifts to seasonal factors, with rental demand typically slowing during the second quarter of the year. Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that “ongoing economic uncertainties and a more cautious job market” may have influenced tenants’ decisions to delay or downsize their rental choices.

Despite the month-on-month decline, the year-on-year figures present a more resilient picture. Condo rental prices increased by 2.7% compared to May 2024, with the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) seeing increases of 1.7%, 3.1%, and 2.3%, respectively. Similarly, HDB rental prices rose by 3.2% year-on-year, with Mature and Non-Mature estates experiencing increases of 4.3% and 1.7%.

Rental volumes also saw a decrease, with condo rentals dropping by 7.8% month-on-month and HDB rentals by 10.2%. However, condo rental volumes were 8.9% higher year-on-year and 5.9% above the five-year average for May. HDB rental volumes remained unchanged year-on-year but were 2.7% below the five-year average.

Looking ahead, the report suggests that if condo rents continue to ease, some HDB tenants might shift towards private rentals, potentially affecting condo prices further.
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CapitaLand Development (CLD) has announced the launch of LyndenWoods, the first residential development in the rejuvenated Singapore Science Park. This project marks a significant step in transforming the precinct into a vibrant, mixed-use innovation hub. The public preview of LyndenWoods is set to begin on 28 June 2025.

LyndenWoods is strategically positioned next to Geneo, a next-generation life sciences and innovation cluster. It offers 343 units across two 24-storey towers, providing a unique opportunity for homeowners and investors seeking long-term value and lifestyle convenience. The development is a short walk from Kent Ridge MRT, offering easy access to food and beverage options, retail, and key landmarks such as the National University of Singapore and the Central Business District.

Ronald Tay, CEO of CLD (Singapore), stated, “LyndenWoods is a pivotal milestone in the ongoing transformation journey of SSP. CLD’s first residential development within SSP reflects our vision to rejuvenate the area into a dynamic, mixed-use innovation cluster.”

The development embraces a “Tree of Life” architectural concept, integrating nature with urban living. Communal sky terraces on each floor foster community interaction, whilst the design enhances natural ventilation and daylighting. LyndenWoods aims to achieve the BCA Green Mark Platinum certification, featuring sustainable elements like energy-efficient systems and water-efficient fittings.

LyndenWoods will offer a range of unit types, equipped with smart-home technology and wellness amenities. Sales bookings will commence on 12 July 2025.
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The Youth for Environmental Sustainability (YES) Leaders Programme celebrated the graduation of 34 youth leaders on 20 June 2025, marking a significant step in Singapore’s sustainability efforts. The programme, organised by the National Environment Agency (NEA), equips young participants with the skills and knowledge to tackle environmental challenges through education, mentorship, and industry collaboration.

Minister for Sustainability and the Environment, Grace Fu, addressed the graduates, emphasising the importance of resilience and collaboration in the face of global uncertainties. She highlighted the achievements of Cohort 2, which included 16 impactful projects such as zero-waste initiatives and public hygiene advancements. “Real change can also be driven by the energy and innovation of young people like yourselves,” she stated.

The ceremony also welcomed 37 new participants into the third cohort of the YES Leaders Programme. These individuals will embark on a year-long journey to further develop their environmental leadership skills. The programme’s ongoing support from NEA and community stakeholders ensures that the network of YES Movement Leaders continues to thrive beyond graduation.

Notable projects from previous cohorts include the Green Doctor Programme by Sophia Ding, which recycles medical packaging, and Planet Pages, a social-environmental project facilitating book donations. The YES Fest, co-organised by YES leaders, also launched at Funan, showcasing sustainability projects to the public.

As Singapore celebrates its 60th year of independence, the YES Leaders Programme continues to inspire youth to contribute to a resilient and sustainable future for the nation.
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Singapore’s premier electronic dance music festival, ‘It’s The Ship’, has announced its first wave of artists for the 2025 edition, set to take place from 16 to 18 November aboard the Genting Dream cruise ship. The line-up includes Brazilian sensation Alok, trumpet maestro Timmy Trumpet, and Dutch EDM icon Nicky Romero, all making their ship performance debuts. Joining them are Australian hardstyle artist Code Black and rising star Tita Lau, alongside the STMPD Collective featuring DubVision, Justin Mylo, and Telykast.

Samira Davidson, Project Lead of ‘It’s The Ship’, expressed excitement about the line-up, stating, “We’re thrilled to announce this incredible first wave of artists who will transform the Genting Dream into the ultimate floating festival.” The festival promises a unique blend of world-class music and luxury cruise adventure, creating a tight-knit community of music lovers.

Festivalgoers can look forward to four stages of non-stop entertainment, themed parties, and activities such as water slides and ocean zipline. Cabins start at $899, with monthly instalment plans available. The event is supported by Sure Win, the official online casino partner. Additional artist announcements are expected, solidifying ‘It’s The Ship 2025’ as a must-attend event for music enthusiasts.
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A participant from the OneChangi National Day Parade (NDP) 2025 contingent tragically passed away after collapsing at the end of a rehearsal at the Padang. The incident occurred at 11:23am when the 47-year-old man fell unresponsive. He was swiftly taken to the onsite medical post, arriving at 11:26am, where the duty medical officer immediately administered cardiopulmonary resuscitation (CPR).

Despite continued resuscitation efforts, the participant remained unresponsive. At 11:42am, he was transferred to a standby Singapore Armed Forces (SAF) ambulance for transport to the hospital. The medical team continued their efforts en route to Singapore General Hospital, where he arrived at 11:57am. Unfortunately, he was pronounced dead at 12:19pm.

The Changi Airport Group and the NDP 2025 Executive Committee have expressed their condolences and are in contact with the participant’s family, offering full support during this difficult time. The incident underscores the importance of emergency preparedness and the swift response of medical personnel in such situations.
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