Regional News

Singapore’s employment landscape remains robust as the latest ManpowerGroup Employment Outlook Survey reveals a Net Employment Outlook (NEO) of 24% for Q3 2025. This marks a slight decline of 3 percentage points from the previous quarter but an improvement of 4 points compared to the same period last year. The survey, which included responses from 525 employers, highlights the resilience of Singapore’s job market amidst ongoing global trade uncertainties.

The Healthcare and Life Sciences sector continues to lead with the strongest hiring outlook, recording an NEO of 43%, despite a 6-point drop from the previous quarter. This sector has consistently ranked among the top three most competitive in Singapore since the beginning of 2025. Meanwhile, the Information Technology sector is also seeing significant activity, with 74% of companies increasing investment in automation, a trend expected to bring substantial changes to IT and data-focused roles over the next five years.

Company expansion is cited as the primary driver for staffing increases, with 43% of employers planning to hire due to growth. Conversely, economic challenges remain the top reason for workforce reductions, affecting 42% of employers. The survey also notes that global trade uncertainty is influencing hiring decisions for 69% of companies, particularly impacting the Transport, Logistics, and Automotive sector, where 81% of employers report being affected.

As Singapore navigates these challenges, the focus on automation and adapting to an ageing workforce suggests a strategic shift towards future-proofing HR strategies. With 64% of companies increasing their investment in automation, the landscape of employment in Singapore is poised for significant transformation in the coming years.
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The General Insurance Association of Singapore (GIA) has issued a warning to the public about a series of fraudulent phone calls from scammers impersonating its staff. These calls, originating from local mobile numbers, aim to deceive individuals by enquiring about motor accident reports or insurance transactions, often using personal details to appear legitimate.

The GIA emphasises that it does not make unsolicited calls or request sensitive information, such as financial details, over the phone. The association advises the public to treat such calls as scams and refrain from sharing personal information, sending money, or sharing device screens with unknown callers.

To combat these scams, the GIA recommends several precautionary measures:

– **ADD**: Install the ScamShield App to block calls and filter SMSes. Set transaction limits suitable for daily expenses and lower notification thresholds. Report any suspicious bank activity immediately and use the Money Lock feature to secure funds.

– **CHECK**: Verify scam signs using official sources like the ScamShield App or the 24/7 ScamShield Helpline at 1799.

– **TELL**: Inform authorities, family, and friends about any scam encounters. If victimised, contact your bank to block transactions and file a police report.

For further information on scams, the public is encouraged to visit www.scamshield.gov.sg.
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Singapore-headquartered Agoda, the digital travel platform, has partnered with the Bangkok Metropolitan Administration and the Queen Sirikit Centre for Breast Cancer Foundation to organise a charity run aimed at raising awareness and funds for breast cancer research and treatment. The event took place on 8 June at Palm Garden in Lumphini Park, Bangkok, drawing over 200 Agoda employees, including senior leadership, to support the cause.

The charity run is part of Agoda’s commitment to social impact, with all donations going towards the foundation’s health initiatives. These include innovative treatments, educational campaigns, and early detection programmes. Damien Pfirsch, Chief Commercial Officer at Agoda, expressed pride in the event, stating, “This event enabled us to make a difference in our local community whilst fostering a deeper connection with those around us.”

Agoda pledged a minimum donation of $2,800 (THB 100,000), with additional contributions collected via QR codes at the venue. The proceeds will support advanced-stage breast cancer treatments, research on white blood cell-based immunotherapy, and awareness campaigns. Dr Adhisabandh Chulakadabba, Director of the Queen Sirikit Centre for Breast Cancer Foundation, highlighted the importance of such initiatives, saying, “This run is an important reminder of how education and proactive efforts can bring positive changes to our communities.”

The event underscores Agoda’s dedication to inspiring positive change and supporting women’s health through awareness and collective compassion.
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Singapore Repertory Theatre is set to captivate audiences with its latest production, Fried Rice Paradise: The Makan Party, beginning 12 August 2025. This immersive dinner theatre experience, celebrating SG60, combines music, laughter, and family drama, inviting attendees to indulge in local flavours whilst participating in the storyline. The audience will play a crucial role in deciding the fate of the Fried Rice Paradise empire.

The production, a creation of renowned Singaporean artist Dick Lee, promises to be a feast for the senses, blending theatrical performance with a culinary experience. “This show is not just about watching a performance; it’s about being part of it,” said Charlotte Nors, Managing Director of Singapore Repertory Theatre. The interactive nature of the event ensures that each night could offer a different outcome, depending on the audience’s votes.

Held at Paradox Singapore, the event is expected to draw theatre enthusiasts and food lovers alike, offering a unique way to celebrate Singapore’s rich cultural heritage. The combination of a compelling narrative and delicious local cuisine aims to create an unforgettable evening for all attendees.

As Singapore Repertory Theatre continues to innovate with its productions, Fried Rice Paradise: The Makan Party stands out as a testament to the creative spirit of Singapore’s arts scene. The production not only highlights local talent but also engages the community in a novel way, promising to be a highlight of the SG60 celebrations.
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SGX-listed China Everbright Water Limited has successfully issued the third tranche of its 2025 medium term notes, raising RMB700m. The issuance, fully subscribed by institutional investors in mainland China’s national inter-bank bond market, boasts a record-low interest rate of 2.07% for panda bonds with perpetual terms. The proceeds will be used to redeem the company’s existing perpetual medium term notes.

The 2025 Third Tranche Medium Term Notes (MTNs) have been awarded a “AAA” credit rating by Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. Everbright Securities Company Limited led the underwriting, with Bank of China Limited, China Merchants Bank Co., Ltd., Bank of Jiangsu Co., Ltd., and China Zheshang Bank Co., Ltd. acting as joint lead underwriters.

In December 2024, Everbright Water registered multiple debt financing instruments totalling RMB8b, receiving approval to issue these in various tranches. The first and second tranches, issued in January and April 2025, raised RMB2.5b at interest rates of 1.78% and 1.90%, respectively.

The perpetual structure of the 2025 Third Tranche MTNs highlights Everbright Water’s innovative approach to financing, allowing for a diversified debt portfolio. The company’s strategic focus on optimising its debt structure aims to enhance the management of financing costs, providing sustained capital support for its development amidst a volatile market environment.
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The Straits Times Index (STI) continued its upward trajectory, climbing 1.02% to reach 3,934.29, driven by robust performances in the banking sector, Singapore Airlines, Jardine stocks, and the Singapore Exchange. This marks the STI’s seventh gain in the past eight weeks, supported by a stable Wall Street environment.

The week saw Wall Street experience some volatility, particularly with Tesla’s shares plummeting following a public disagreement between Elon Musk and Donald Trump. Despite this, positive developments emerged on the US-China tariff front, with May’s US jobs data indicating no immediate impact from tariffs. The Federal Reserve is expected to maintain interest rates in the upcoming week.

In corporate news, OCBC made a conditional general offer of S$30.15 per share for the remaining 6.28% stake, which an independent financial adviser described as “fair and reasonable.” Additionally, share buybacks are on the rise, according to SGX Research, with City Developments poised to gain $465m (S$465m) from selling its stake in South Beach.

The Securities Investors Association (Singapore) advised Singapore Paincare shareholders to await the independent financial adviser report before making decisions. The Weekly Market Review by SIAS, held every Monday at 12.30 PM, continues to provide insights into global and local market activities, offering valuable perspectives for investors.
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ETC has announced the sale of 51 Merchant Road, a standalone modern commercial building with annexed conservation shophouses, for $98m (S$135m). This unique property, located in one of Singapore’s vibrant riverside precincts, combines heritage charm with modern flexibility. Interested parties are invited to submit an Expression of Interest by 9 July 2025.

Occupying a site area of approximately 27,669 sq ft, 51 Merchant Road boasts a gross floor area of around 71,111 sq ft. The property, zoned for commercial use under Master Plan 2019, features a 4-storey main building with prominent frontage along Merchant Road and annexed shophouses that enhance its architectural appeal. A basement car park adds convenience for occupants and visitors.

Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the property’s potential: “51 Merchant Road is a rare commercial gem, offering multiple pathways in terms of use—whether as a corporate headquarters, an investment asset with rental income, or a redevelopment or asset enhancement opportunity.” She noted the property’s excellent connectivity and abundance of nearby amenities.

The building’s strategic location, just 300-400 metres from Clarke Quay and Fort Canning MRT stations, ensures superb connectivity. Nearby major expressways, including the Ayer Rajah Expressway and Central Expressway, further enhance accessibility.

With the ongoing rejuvenation of the riverfront precinct and nearby developments like Union Square and CanningHill Piers, the successful buyer is expected to benefit from increased footfall and long-term value uplift in the area.
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The imoo Watch Phone X10, a flagship product from the global leader in children’s smart devices, has been launched in Singapore. Designed to provide peace of mind for parents, this innovative watch phone combines real-time location tracking, video calling, and health monitoring, all whilst being water-resistant up to 20 metres. The launch comes as Singapore’s government initiatives encourage healthier screen habits among children.

The imoo Watch Phone X10 stands out with its Flip and Detach camera, allowing children to capture their surroundings creatively. It features a 5MP front camera and an 8MP rear camera, enabling unique photography angles. The watch also supports the Bump and Add Friends feature, which facilitates safe social interactions by allowing children to add friends with a simple bump of their watches, pending parental approval.

Parents can track their child’s location down to floor level using the imoo app, thanks to the Qualcomm 4100 chipset and global coverage. The watch’s water resistance ensures it remains functional during swimming lessons or rainy days, making it a reliable companion for children.

The imoo Watch Phone X10 also promotes physical activity with professional sport data tracking, including heart rate monitoring and calorie burn, encouraging children to maintain healthy habits. With over 150 quality checks and compliance with international standards, the device prioritises durability and data privacy.

Available from 6 June 2025, the imoo Watch Phone X10 aims to transform children’s lifestyles through technology, offering a secure and engaging experience for young users.
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The Singapore Exchange (SGX) has reported that whilst the Straits Times Index (STI) has achieved a 6.5% total return for the year up to 6 June 2025, a broader set of 135 stocks with market capitalisations exceeding S$250m have outperformed, averaging 7.9% total returns. These stocks span all 12 sectors and include 40 stocks with an average daily turnover (ADT) of more than S$1m, with 13 from the S-REIT sector.

Among the non-STI stocks with market capitalisations above S$3b, SIA Engineering and Singapore Land Group have shown notable performance. SIA Engineering reported a 44% increase in net profit for FY24/25 and signed S$1.3b in service agreements, contributing to a 24% total return and an ADT rise to S$1.5m. Singapore Land Group achieved a 28% total return, with its ADT increasing by 45% from the previous year, driven by strong performance in investment properties and hotel operations.

Additionally, Singapore lists nearly 40 stocks with market capitalisations between S$1b and S$3b, with Sheng Siong Group leading in size. Sheng Siong reported a 7.1% revenue increase in Q1 FY25, boosting its total return to 15% for the year. Half of these stocks have averaged over S$1m in ADT, with Sheng Siong among the top five most traded.

The SGX’s update underscores the diverse opportunities beyond the STI, highlighting significant trading activity and returns among smaller-cap stocks.

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A recent survey by the Million Dollar Round Table (MDRT) has revealed that a significant 81% of Singaporeans are now utilising artificial intelligence (AI) tools to manage their personal finances. The survey highlights a growing trend towards digital financial tools, with applications such as budgeting, robo-advisors, and personalised financial advice being particularly popular among Gen Z and millennials.

The survey, conducted by Opinium, found that 72% of Singaporeans support financial advisers using AI, and 67% trust those who do. However, there is a strong demand for transparency, with 88% of respondents wanting to be informed when AI is used in financial services. Additionally, 84% of Singaporeans believe that AI in financial advising should be regulated, underscoring the importance of human oversight.

Despite the increasing adoption of AI, Singaporeans still value human expertise for core advisory decisions. AI is seen as a tool to support functions like communication and automation rather than replacing professional judgement. Gregory Fok, a 19-year MDRT member, noted, “The government’s efforts to strengthen AI capabilities have boosted public confidence in AI use within the financial sector.”

Interestingly, the survey also found that those currently working with financial advisers are more likely to use AI (92%) compared to those who have never engaged an adviser (66%). This suggests a preference for a hybrid approach that combines human expertise with digital tools.

As AI continues to integrate into financial services, the call for ethical and transparent use remains strong, reflecting the need for a balanced approach that combines technology with human insight.
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