Regional News

SPTel has unveiled AI-Security, an artificial intelligence tool designed to enhance the cybersecurity capabilities of small and medium-sized enterprises (SMEs) in Singapore. Launched on 3 September, AI-Security aims to help SMEs swiftly identify and assess cyber risks in a cost-effective manner.

AI-Security provides round-the-clock monitoring of cybersecurity advisories and vulnerabilities, cross-referencing them against an SME’s digital infrastructure. Upon detecting a threat, the tool issues immediate alerts, allowing engineers or network service providers to respond promptly. This system classifies threats using the SME’s risk matrix, aligning with risk policies and prioritising responses to optimise resource allocation. Heng Kwee Tong, Head of Engineering and Corporate IT at SPTel, stated, “With AI-Security, we are giving SMEs a powerful AI tool that moves cybersecurity beyond reactive protection to proactive intelligence.”

Developed in collaboration with technology provider 1CloudStar, AI-Security is hosted on SPTel’s edge cloud, ensuring data sovereignty and enhanced physical security within Singapore. Mike Li, Founder and CEO of 1CloudStar, emphasised the tool’s focus on empowering rather than overwhelming SMEs.

The Cyber Security Agency of Singapore’s Cyber Landscape 2023 report highlights that over 80% of organisations face at least one cybersecurity incident annually. For SMEs, which often lack specialised expertise, robust cyber defence is crucial for business resilience.

To promote AI-Security, SPTel is offering 1,000 complimentary trial accounts to SME members of the Singapore Chinese Chamber of Commerce & Industry. Interested parties can learn more at SPTel’s showcase during the SME Infocomm Commerce Conference at Suntec Singapore on 3–4 September.
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MyRepublic has unveiled HaloHome, a premium managed home network and IT solution designed to meet the needs of modern, digitally demanding households. Announced on 2 September, HaloHome aims to provide enterprise-grade connectivity, reliability, and convenience for homeowners in Singapore.

As homes increasingly rely on digital technology, the demand for robust and seamless networks has grown. Ng Wey Keen, Head of Connectivity at MyRepublic, stated, “Larger homes, luxury residences, and uniquely designed flats require networks that are both robust and seamless.” HaloHome addresses these needs by offering bespoke WiFi solutions complemented by integrated IT and smart-home services, such as CCTV doorbells, to create a seamless living experience.

HaloHome combines advanced networking with a white-glove service model, ensuring every solution is tailored from consultation to installation and ongoing support. Customers are paired with a personal account manager, providing a single point of contact for personalised and efficient service. This approach ensures that homeowners’ connectivity and IT needs are expertly managed.

To enhance customer experience, HaloHome offers privileged access to a priority service channel, guaranteeing faster response times and expert support. The service includes network monitoring and periodic health checks, ensuring optimal performance and adaptability as device usage expands.

The service is now available in Singapore, with plans for phased expansion. Homeowners can explore personalised solutions at MyRepublic stores or online.
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Singapore’s real estate investment trusts (S-REITs) are set to benefit from a shift in US monetary policy, which is anticipated to ease in response to a slowing job market. This change is expected to enhance liquidity, making S-REITs an attractive investment. Analysts maintain an “OVERWEIGHT” rating on the sector, recommending the purchase of blue-chip S-REITs such as CapLand Ascendas (CLAR), CapLand Ascott (CLAS), Keppel DC REIT (KDCREIT), Keppel REIT (KREIT), and Lendlease REIT (LREIT).

In August, the FTSE ST All-Share REITs Index rose by 2.3%. Notably, CapLand Integrated Commercial Trust (CICT) is set to gain full ownership of CapitaSpring, a premium Grade A office tower in Singapore’s central business district, by acquiring stakes from CapitaLand Development and Mitsubishi Estate Co. This acquisition, valued at $1.9b, is expected to complete in the third quarter of 2025.

CapLand Ascendas is expanding its UK logistics portfolio by acquiring two plots of freehold land in the East Midlands for $350.1m. The development of four logistics properties on these plots is projected to increase the portfolio’s asset value by 43.5% to $1.2b.

Meanwhile, Lendlease REIT is divesting the office component of Jem for $462m, leased to the Ministry of National Development. This move is expected to reduce LREIT’s aggregate leverage from 42.6% to 35% on a pro forma basis.

The anticipated US rate cuts and strategic acquisitions and divestments by S-REITs signal a promising outlook for investors.
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Nuffield Holdings has announced the addition of Liu Song and Zhang Na as strategic shareholders, marking a significant step in the company’s regional growth strategy. This move, unveiled on 2 September 2025, aims to accelerate mergers and acquisitions, scale operations, and enhance Nuffield’s leadership in Southeast Asia’s healthcare sector.

Liu Song, the founder and CEO of In Group Holdings Pte Ltd and Kamall International Pte Ltd, brings over a decade of experience in sectors such as real estate, mining, financial services, trade, and healthcare. His investment holding company, based in Singapore, is known for advancing sustainable and technology-driven ventures. Zhang Na, founder of Sing Wang Da Consultancy Pte Ltd, has extensive experience in supporting ultra-high-net-worth individuals in establishing family offices and investments in Singapore.

Nuffield Holdings’ CEO, Samintharaj Kumar, expressed enthusiasm about the partnership, stating, “Their commitment to long-term value creation combined with this new capital injection gives us the momentum to fast-track our acquisition pipeline and strengthen our footprint as a leading healthcare and dental platform across Southeast Asia and the Middle East.”

The company is evolving into the region’s largest AI-enabled Dental Support Organisation, integrating artificial intelligence into diagnostics, treatment planning, operations, and patient care. Recognised for its consistent performance, Nuffield Holdings has been listed among Singapore’s fastest-growing companies by Statista since 2019 and was named one of the High-Growth Companies Asia-Pacific 2023 by the Financial Times.

As part of its growth phase, Nuffield Holdings is inviting investment pitches from entrepreneurs and healthcare innovators in dental and medical clinics, HealthTech start-ups, and platform technologies. The company offers not just funding but also partnership infrastructure and operational experience.
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Personal loan rates in Singapore have reached a five-year low, dropping below 2% per annum (pa) for the first time since 2020. This significant decrease presents a potentially advantageous opportunity for consumers considering debt consolidation, home improvements, or major personal expenses. According to a review by personal finance platform SingSaver, the rates have steadily declined from an average of 3.88% pa between 2020 and 2023 to as low as 1.85% pa in 2025.

The review highlighted the current personal loan rates from major banks in Singapore. United Overseas Bank (UOB) offers a rate of 1.85% pa with an effective interest rate (EIR) of 3.40%, whilst DBS Bank provides a rate of 1.99% pa with an EIR of 4.17%. OCBC Bank and Standard Chartered offer rates of 1.98% pa and 1.90% pa, with EIRs of 4.19% and 3.63%, respectively. This marks a sharp decline from previous years, with DBS maintaining a consistent rate of 3.88% pa from 2020 to 2023 before dropping to 2.68% pa in 2024 and further to 1.99% pa in 2025.

The current sub-2% offerings could result in significant interest savings over a typical three to five-year loan term. SingSaver’s analysis suggests that for financially disciplined individuals, this could be a strategic time to secure lower-cost credit. However, the decision to borrow remains personal, and responsible borrowing and careful comparison are essential. For more information on current offers and terms, consumers are encouraged to visit SingSaver’s Personal Loan Comparison Tool.
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Hiap Seng Industries Limited has announced a fatal workplace accident involving an employee of its wholly-owned subsidiary, Hiap Seng Engineering Ltd, which occurred on 30 August at its workshop premises. The company has informed the relevant authorities, and investigations are currently underway. Hiap Seng is fully cooperating with all parties involved in the investigation.

The company expressed deep sorrow over the incident and extended heartfelt sympathies to the family of the deceased. Hiap Seng Engineering is in contact with the family to provide support during this challenging time.

Safety remains a top priority for Hiap Seng Industries, which upholds a comprehensive safety management system. This system includes regular training, scheduled audits, and strict adherence to established workplace safety protocols. The company emphasised that this incident underscores the critical importance of vigilance, discipline, and accountability in maintaining a safe working environment.

The company is committed to reinforcing its safety culture and will take all necessary measures to prevent similar incidents in the future. Further updates will be provided by the company should there be any significant developments.

CapAllianz Holdings Limited has reported a significant increase in its losses for the financial year 2025, with a loss before tax of $2.7m, compared to $855,000 in FY2024. The company’s net working interest production fell to 24,171 barrels, down from 32,928 barrels the previous year, whilst the average oil price decreased to $74.58 per barrel from $85.63.

The company’s revenue also saw a decline, dropping from $4.1m in FY2024 to $3.4m in FY2025. Gross profit plummeted to $298,000 from $1.6m. Despite these setbacks, CapAllianz Holdings managed to maintain a relatively stable EBITDAX (earnings before interest, taxation, depreciation, amortisation, and exploratory expenses) of $653,000, slightly up from $633,000 in the previous year.

The company’s loss per share increased to 0.019 US cents from 0.006 US cents, reflecting the challenging financial environment. The gearing ratio improved slightly to 6.81% from 8.6%, indicating a reduction in financial leverage. However, the net asset value per share decreased to 0.37 US cents from 0.41 US cents.

The announcement was reviewed by the company’s sponsor, ZICO Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited. The company continues to navigate a challenging market environment, with future strategies likely focusing on stabilising production and improving financial performance.
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Money market funds have emerged as the dominant choice for investors in Singapore, capturing nearly 60% of the $6.3b fund inflows during the first half of 2025, according to the latest report by FundSingapore/Morningstar. The report, which covers the performance of unit trusts and investment-linked insurance products under the Central Provident Fund Investment Scheme (CPFIS), highlights a significant shift towards these funds amidst global market volatility.

In the second quarter of 2025, Singapore-focused equity and debt funds attracted investors seeking defensive, high-quality options. Arvind Subramanian, Senior Analyst at Morningstar, noted that many investors opted for the safety of money market funds, resulting in substantial inflows. The second quarter alone saw net inflows of $4.1 billion, an 86% increase from the previous quarter, with money market funds receiving $2.8b.

The CPFIS-included funds posted a return of 3.16% in Q2 2025, despite mixed performance from benchmark indices. Over a one-year period, CPFIS funds achieved a 6.07% gain, with investment-linked products and unit trusts showing solid growth.

Equity, fixed income, and allocation funds delivered strong returns across various time frames, with equity funds leading at 3.60% for the quarter. However, money market funds recorded modest gains of 0.62% over the same period.

The Singapore Fund Flow Report and the Performance & Risk Monitoring Report, both released quarterly, provide detailed insights into fund performance and investor trends. These reports are based on data from the Investment Management Association of Singapore, offering valuable information for investors navigating the current financial landscape.
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City Developments Limited (CDL) and IOI Properties Group Berhad (IOIPG) have announced a landmark transaction involving the South Beach development in Singapore. IOIPG will acquire CDL’s 50.1% stake in the mixed-use integrated development for $834.2m, based on a total property valuation of $2.75b. This acquisition, expected to complete by Q3, will give IOIPG full ownership of the commercial components of South Beach.

The South Beach development, a joint venture between CDL and IOIPG since 2011, is a prominent architectural landmark in Singapore. It includes Grade A office space, a JW Marriott Hotel, and luxury residences. The site, awarded through a Government Land Sales tender in 2007, has about 81 years remaining on its lease.

CDL’s Executive Chairman, Kwek Leng Beng, highlighted the strategic divestment as a means to realise exceptional value, whilst IOIPG’s Group CEO, Lee Yeow Seng, noted the acquisition’s significance in enhancing IOIPG’s asset portfolio in Singapore. The transaction aligns with CDL’s capital recycling strategy and IOIPG’s focus on acquiring high-quality assets for stable income.

Following the divestment, CDL retains a substantial commercial and retail portfolio in Singapore, whilst IOIPG’s total net lettable area in Singapore will increase to 1.8 million sq ft. The acquisition is part of IOIPG’s broader strategy to strengthen its presence in mature markets like Singapore.
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Singapore Technologies Engineering Ltd has announced the divestment of its entire 46.5% equity interest in CityCab Pte Ltd to ComfortDelGro Corporation Limited. The transaction, completed on 1 September 2025, sees ComfortDelGro, which already owned 53.5% of CityCab, becoming the sole owner of the taxi operator.

The sale was valued at $116.3m, fully paid in cash, and was determined on a willing seller, willing buyer basis. Deloitte & Touche Financial Advisory Services Pte Ltd was jointly appointed by both parties to assess the value of the shares, which was estimated at $98.9m as of 1 June. The divestment aligns with ComfortDelGro’s focus on its core point-to-point transport business in Singapore.

CityCab, established in 1995, has been a significant player in Singapore’s taxi industry. The divestment will result in ST Engineering receiving cash proceeds of $116.3m, translating to an Enterprise Value/EBITDA multiple of 5.5 times based on CityCab’s last 12 months unaudited EBITDA.

Financially, the divestment is expected to yield a one-off gain of approximately $77.2m for ST Engineering in the current financial year. Additionally, the proceeds will be used to reduce the company’s debt, leading to an estimated annual interest expense saving of $4m. Despite the gain, the transaction is not anticipated to significantly impact the Group’s net tangible assets per share or earnings per share for the year.
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