Regional News

Morrison, a global infrastructure manager, has announced its expansion into Singapore with the appointment of former New Zealand Climate Change Minister, James Shaw, to spearhead its renewable energy and decarbonisation initiatives in the region. Shaw, who played a pivotal role in New Zealand’s climate policy, will focus on next-generation decarbonisation investments and nature-based solutions as part of Morrison’s strategic growth in South-East Asia.

The decision to base Shaw in Singapore aligns with Morrison’s aim to leverage the city-state’s status as a leading green finance hub. Morrison’s CEO, Paul Newfield, highlighted the firm’s commitment to renewable energy projects across Asia, noting the region’s dedication to sustainability and reducing reliance on imported fuels. “James Shaw will expand our presence into Asia as the region transitions to renewables,” Newfield stated, emphasising the growing demand for resilient energy solutions.

Shaw’s extensive experience includes crafting New Zealand’s net-zero framework and securing bipartisan support for significant climate legislation. He expressed enthusiasm about his new role, stating, “I’m excited about being based in Singapore, where there is so much support for and investment in the development of wind and solar PV energy projects.”

Morrison, which manages over $28b (£22b) in assets globally, sees Asia as a diverse market offering significant opportunities for investors. The firm aims to enhance its impact in the region by focusing on large-scale solar PV generation and energy storage technologies, crucial for the shift from fossil fuels. As Morrison strengthens its presence in Singapore, it seeks to play a significant role in the region’s decarbonisation efforts.
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Lady Gaga’s announcement on 10 March that Singapore would be her sole Asian tour stop has led to a significant increase in travel interest, according to Amadeus data. The pop icon’s concerts, scheduled for 18, 19, 21, and 24 May, have prompted a 57% rise in flight search queries to Singapore on the day of the announcement, with further growth of 41% during the presale ticket period from 18 to 20 March.

The surge in interest is not limited to flights. Amadeus Demand360 data indicates that hotel bookings in Singapore have increased by at least 10% on the concert nights compared to the previous year. Fans, affectionately known as “Little Monsters,” are booking flights from cities worldwide, including Seoul, Tokyo, Mumbai, and London.

Paul Wilson, Vice President of Hospitality for Asia Pacific at Amadeus, highlighted the importance for hoteliers to leverage this data to optimise marketing strategies. “As we witness a significant surge in flight searches for Lady Gaga’s concerts in Singapore, it’s imperative for hoteliers to leverage forward-looking data to optimise their marketing strategies,” he stated.

This trend aligns with Amadeus’ 2024 and 2025 Travel Trends reports, which highlight the rise of music tourism and the desire for spontaneous travel experiences that foster genuine connections. As Lady Gaga’s fans prepare to travel, the concerts are set to create lasting memories and boost Singapore’s tourism sector.
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Colliers has released its Q1 2025 Singapore Office Market Report, revealing that whilst Core CBD Premium and Grade A office rents saw a slight decline of 0.1% quarter-on-quarter, they held steady at S$11.67 per square foot. Despite this marginal dip, some premium buildings experienced rental growth, highlighting the resilience of the market amidst tightening supply.

The report indicates a vacancy rate increase to 7.6%, attributed to the addition of Keppel South Central, which is nearing 50% occupancy. However, with limited new supply expected over the next two years, vacancies are anticipated to decrease, potentially leading to rental growth. Colliers advises tenants to act swiftly to secure space as options dwindle, whilst landlords of older buildings are encouraged to upgrade to remain competitive.

Tridiana Ong, Executive Director and Head of Tenant Representation at Colliers Singapore, noted, “The core CBD Premium and Grade A segment is expected to outperform due to limited supply and resilient demand for quality spaces in the CBD.”

The report also highlights that office demand will likely remain broad-based in 2025, with non-bank financial firms and technology firms continuing to drive space requirements. Catherine He, Head of Research at Colliers Singapore, added, “The office sector holds significant potential for investors to value-add due to the widening gap between older buildings and modern spaces.”

As the market evolves, the focus is expected to remain on renewals and flight-to-quality moves, with companies seeking modern spaces that align with new workplace trends and employee expectations.
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Singapore-headquartered MyRepublic, a leading digital-first telecom operator in the Asia-Pacific region, has unveiled Pocket Rocket Adventures, a pioneering gamified customer experience for its broadband and mobile subscribers. Available from April via the MyRepublic mobile app, this space-themed game aims to boost customer engagement and loyalty by offering rewards such as MyRepublic merchandise and gaming consoles.

Pocket Rocket Adventures allows subscribers to participate in an idle-style game where they can upgrade in-game equipment, craft companions, and complete challenges. Players earn points, digital rewards, and exclusive merchandise, with additional benefits for long-standing subscribers who link their game account to the MyRepublic app. This tiered experience is designed to enhance customer retention and lifecycle management.

Terry Williams, Vice President Consumer at MyRepublic, stated, “Pocket Rocket Adventures is more than just a game—it’s a strategic extension of how we view customer experience in the digital age.” The initiative represents a shift in telecom operators’ approach by integrating game mechanics to create a more interactive relationship with customers.

The game also functions as a data-driven loyalty programme, enabling MyRepublic to better understand customer behaviours and preferences. This aligns with the company’s strategy to differentiate itself in a competitive market by leveraging its roots in the gaming community and leading innovation in customer experience transformation.

By embedding gamification into its core customer engagement model, MyRepublic aims to evolve beyond transactional models and create emotionally engaging experiences. This initiative marks the beginning of a long-term transformation in designing and delivering customer value.
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Singapore is emerging as a pivotal player in the global green economy, according to insights from FTSE Russell’s Global Investment Research team. Lee Clements, Head of Applied Sustainable Investment Research, emphasised Singapore’s position as a hub for technology innovation and capital markets in the region, making it an attractive destination for sustainable equity investors.

Clements highlighted that Singapore’s green revenue share within the Straits Times Index (STI) is noteworthy when compared to global averages and other Asian markets. This positions Singapore as a leader in sustainable investment opportunities, particularly for those looking to capitalise on the growing green economy.

The STI, Singapore’s benchmark stock index, features sectors with significant green revenue exposure, further enhancing its appeal to investors focused on sustainability. These sectors are increasingly becoming focal points for investors seeking to align their portfolios with environmentally responsible practices.

The insights from FTSE Russell underscore the importance of Singapore’s strategic initiatives in fostering a sustainable economic environment. As the global demand for green investments continues to rise, Singapore’s proactive approach in integrating sustainability into its economic framework positions it as a key player in the region.

Looking ahead, Singapore’s commitment to sustainability is expected to drive further interest from investors worldwide, reinforcing its status as a leading hub for sustainable finance and innovation.
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Singapore-headquartered EdgePoint Towers, a leading telecommunications infrastructure company in ASEAN, has announced the appointment of Ravin Vickneswaran as Chief Operating Officer. With over 25 years of experience in the telecommunications industry, Ravin has been with EdgePoint since 2021. In his new role, he will oversee various departments, including Engineering, Implementation, and Operations, to drive the company’s vision and enhance service offerings.

Ravin expressed his enthusiasm for the role, stating, “I am thankful to step into this new role at such a transformative time for the industry. As Malaysia accelerates its 5G rollout, EdgePoint Towers remains committed to delivering future-ready infrastructure that enables seamless connectivity.”

Muniff Kamaruddin, CEO of EdgePoint Towers, highlighted Ravin’s significant contributions, noting, “His proven leadership, operational expertise, and strong execution capabilities will be instrumental in ensuring the company’s continued success.”

Ravin’s previous roles include Vice President of In-Building Coverage and Innovation at EdgePoint, where he expanded the company’s IBC and small cells portfolio. His career also spans senior positions at Celcom Axiata Berhad, Flexenclosure AB, and Maxis Communications Berhad.

EdgePoint Towers, with 1,800 sites, is the second-largest independent telecommunications infrastructure company in Malaysia. The company is part of EdgePoint Infrastructure, which operates across Malaysia, Indonesia, and the Philippines, focusing on innovative telecom solutions.
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In a remarkable debut, Briton Kate Waugh clinched the Singapore T100 Triathlon title on 5 April, setting a new record with a 6-minute 41-second winning margin. Competing in her first long-distance triathlon, Waugh outpaced seasoned competitors, including two-time defending champion Ashleigh Gentle from Australia and fellow Briton Lucy Charles-Barclay, who secured third place. Wildcard entrant Lisa Perterer claimed the silver medal.

The race unfolded with intense competition from the start. Lucy Charles-Barclay and Jessica Learmonth initially led the swim, but Waugh remained close behind. By the 25km mark of the 80km bike segment, Waugh was just 15 seconds behind Learmonth, eventually overtaking her during the run. Learmonth’s cramps allowed Waugh to seize control, finishing the race in 3 hours, 45 minutes, and 18 seconds.

Waugh expressed her excitement, saying, “I’m over the moon, I’ve got goosebumps right now. It was just an incredible day.” Her victory earned her 35 points and $25,000, placing her at the top of the T100 Race To Qatar standings.

Lisa Perterer, who finished second, remarked, “I still can’t believe it, 2nd place. I came to this race as a wildcard with no expectations.” Meanwhile, Lucy Charles-Barclay, despite recent setbacks, was thrilled with her podium finish, stating, “To get a podium in the first race back, I’m definitely over the moon.”

The Singapore T100 continues with age-group races and the Men’s Pro race. The T100 series offers a substantial prize pool, with the Qatar T100 Triathlon World Championship Final promising increased points and rewards.
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Olympic silver medallist Hayden Wilde made a remarkable debut at the Singapore T100, securing victory in a fiercely competitive field on 6 April. The New Zealander, who emerged 15th after the swim, showcased his endurance and tactical prowess during the bike leg, ultimately overtaking his competitors to win the race at Marina Bay.

Wilde’s performance was marked by a strategic ascent through the ranks, particularly during the 80km bike segment where he traded leads with Rico Bogen. By the final leg, Wilde’s stamina prevailed as Bogen faltered, allowing Wilde to cross the finish line in 3 hours, 18 minutes, and 11 seconds. “It’s really nice to win my first T100 race on my debut,” Wilde expressed, highlighting the challenging conditions and his strategic approach to the race.

Paris 2024 bronze medallist Leo Bergere and reigning T100 Triathlon World Tour champion Marten Van Riel completed the podium, finishing second and third respectively. Bergere, who trained in simulated conditions to prepare for Singapore’s heat, remarked on the race’s atmosphere and his eagerness for future competitions in the city.

The event saw over 7,000 participants across various categories, including a 100km triathlon for experienced amateurs. The T100 Triathlon World Tour will continue in San Francisco on 31 May, as athletes vie for points and prize money in the lead-up to the Qatar T100 Triathlon World Championship Final.
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HDB resale prices in Singapore remained unchanged in March 2025 compared to the previous month, despite a notable decline in transaction volume, according to the latest 99-SRX Media Flash Report. The report highlights a 9.2% decrease in the number of resale flats sold, with 1,911 units transacted in March. This marks a 7.4% drop compared to the same period last year.

The report reveals that whilst prices in Mature Estates fell by 0.4%, Non-Mature Estates saw a 0.8% increase. In terms of room types, 3-room, 5-room, and Executive flats experienced price declines of 0.9%, 1.1%, and 2.4%, respectively, whereas 4-room flats saw a 1.1% price increase. Year-on-year, overall prices rose by 9.5%, with all room types recording increases from March 2024.

Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that the dip in transaction volume might indicate a shift in market sentiment. “Buyers may be finding private resale and new launches more appealing, particularly with SORA-linked loans now offering more competitive rates,” he said.

The report also highlighted that 108 HDB resale flats were sold for at least S$1m in March, a decrease from 121 such transactions in February. The highest transacted price was S$1.5m for a 5-room flat at Pinnacle@Duxton.

As buyers continue to explore options in both public and private housing segments, the resale market may remain subdued unless significant changes occur in borrowing costs or government policy.
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The Singapore Heart Foundation (SHF) celebrated its 55th anniversary on 6 April 2025 at the National Gallery Singapore, reaffirming its commitment to combating cardiovascular disease and stroke. The event, themed “Resilient HeARTs: Celebrating 55 Years of Empowering Heart Health,” was attended by Minister for Health Ong Ye Kung and highlighted SHF’s pioneering programmes and initiatives.

Since its establishment in 1970 by dedicated cardiologists and professionals, SHF has been at the forefront of heart health advocacy in Singapore. The Foundation’s efforts are centred around three core pillars: Prevention, Rehabilitation, and Resuscitation. Over the years, SHF has introduced numerous innovative programmes to educate the public, support heart patients, and equip individuals with lifesaving skills.

Professor Tan Huay Cheem, Chairman of SHF, remarked, “From the launch of Singapore’s first National Heart Week in 1972 to the introduction of Asia’s first female manikin vest for CPR training, SHF has always been evolving to address the challenges of an everchanging heart health landscape in Singapore.”

A key highlight of SHF’s preventive efforts is the newly launched CardioChase Game Kiosk, an interactive motion-sensing game designed to educate school students about heart-healthy lifestyles. This initiative follows the success of the online game “Captain Hugo,” launched in September 2022.

SHF’s dedication extends to rehabilitation, providing comprehensive programmes that have empowered thousands of individuals to regain health and vitality post-cardiovascular disease. As SHF looks to the future, it continues to inspire resilience and heart-healthy habits among Singaporeans.
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