Industry News

The Singapore Exchange (SGX) has identified 30 of the most actively traded stocks that have shown sustained improvements in their bid-offer spreads over the past year. These stocks, spanning sectors such as technology, industrials, and real estate, generated a combined average daily trading value (ADT) of S$459m as of 20 October 2026.

SGX’s analysis compared five-session averages of daily time-weighted bid-offer spreads across four reference dates: 20 October 2025, and 20 April, 20 July, and 20 October 2026. Notably, Aoxin Q & M, PC Partner Group, and First REIT recorded the largest reductions in spreads, with decreases of 91%, 75%, and 69% respectively.

The narrowing of bid-offer spreads is significant as it reduces transaction costs and enhances trading efficiency, making it easier for investors to enter and exit positions. Among the highlighted stocks, DBS Group Holdings, Yangzijiang Shipbuilding, and CSE Global were noted for their active trading. For instance, DBS Group Holdings saw its spread narrow from 2.5 to 1.8 basis points over the year.

The report underscores the importance of sustained spread improvements, which were observed across all three historical reference levels for these stocks. This trend indicates a more efficient market environment, potentially attracting more investors.

Looking ahead, the continued monitoring of bid-offer spreads will be crucial for assessing market efficiency and investor engagement on the SGX.

Singapore’s burgeoning data centre sector is reshaping the job market, creating diverse employment opportunities beyond traditional tech roles, according to Indeed’s latest Hiring Lab data. In August, 4.6% of job postings in Singapore mentioned data centres, a notable increase from 3.5% the previous year, driven by investment in artificial intelligence (AI) infrastructure.

The demand for data centre roles extends beyond software and IT, with software development accounting for 21.6% of postings in the 2025-26 financial year. However, significant hiring also occurred in management (12.4%), industrial engineering (11.3%), mechanical engineering (5.2%), and sales (5.0%). This diverse hiring reflects the wide range of skills needed to support the expansion of data centre facilities.

Despite the overall tightness in Singapore’s labour market, with job postings 38% above pre-pandemic levels, growth remains uneven across sectors. Whilst tech hiring has seen mixed results, with a decline in data and analytics postings, there have been gains in IT systems, software development, and IT infrastructure roles.

The expansion of data centres is expected to continue influencing the job market, potentially increasing wages due to strong demand and limited labour supply. As Singapore invests heavily in data centre capacity, the sector’s growth is likely to sustain job creation across various fields, addressing skill shortages and supporting the country’s economic development.

The Singapore Tourism Board (STB) and Booking.com have entered a three-year partnership to enhance visitor growth, data collaboration, and sustainable tourism. Announced on 21 October 2026, the Memorandum of Understanding (MOU) was signed at ITB Asia 2026, Asia’s largest travel trade show. This collaboration aims to leverage Booking.com’s global reach to attract new and returning travellers to Singapore, aligning with STB’s Tourism 2040 goals.

The partnership will focus on joint marketing campaigns to increase bookings for accommodation, flights, attractions, and experiences. Booking.com will also work with merchants to create new products and promotions that encourage visitors to explore Singapore more extensively. The collaboration seeks to convert long-haul stopovers into extended stays, tapping into Booking.com’s presence in over 220 countries and territories.

A framework for regular data exchange will be established to better understand travel patterns and visitor preferences. Additionally, the partnership will explore sustainability initiatives, with Booking.com sharing best practices and participating in STB’s sustainability efforts.

Edward Koh of STB expressed enthusiasm for the partnership, stating it would strengthen Singapore’s position as a premier travel destination. Laura Houldsworth from Booking.com highlighted the company’s commitment to supporting Singapore’s tourism industry through this collaboration.

The partnership aims to make Singapore more accessible and appealing to global travellers, promoting responsible and sustainable tourism growth.

DayOne Data Centres Limited, a Singapore-based global digital infrastructure platform, has announced a significant milestone, surpassing 1GW in Billings. This achievement follows the upsize of its senior secured multi-currency syndicated term financing in Malaysia to approximately US$7.2b. The financing will bolster the development of DayOne’s data centre platform in Johor.

The financing, arranged by a consortium of seven lenders, builds on the US$3.5 billion syndicated financing secured in May 2025. Since 2024, DayOne has raised over US$6b in equity, supported by more than 30 local and global banking partners. The company’s Billings have grown over eightfold in under two years, from 121MW at the end of 2024.

DayOne’s Bookings have reached approximately 2.3GW, up from 1.25GW at the end of 2025, with an additional 1.1GW in Reservations. CEO Jamie Khoo stated, “The confidence our banking partners and customers have placed in DayOne is reflected in these milestones and underpins our continued growth.”

The company aims to broaden its customer base, with Bookings from 15 customers, up from nine in 2024. Four of its top five customers operate with DayOne in multiple markets, and three hyperscale customers have multi-market deployments of around or above 200MW.

DayOne continues to pioneer and scale new markets, delivering high-specification facilities across Asia Pacific and Europe.

Genie Health, a Singapore-founded AI health tech company, has successfully raised US$3m in seed funding to expand its health intelligence platform. The funding round was led by the Nadathur Family Office, with contributions from Liminal and two experienced healthcare leaders. Anand Nadathur, Principal of the Nadathur Family Office, will join Genie Health’s board of directors.

The company is developing a two-sided platform designed to help individuals better understand their health and assist healthcare providers in offering more personalised care. The funds will be used to enhance the platform’s AI capabilities, boost the adoption of Genie SmartCare among clinics, and expand the team’s expertise in Singapore.

Genie Health was co-founded by Hari V. Krishnan, Maya Hari, and Sandeep Suvarna, who bring extensive experience in scaling technology businesses. Krishnan, the former CEO of PropertyGuru Group, emphasised the importance of the funding in scaling both the Genie app and SmartCare, stating, “This funding will enable us to scale both the Genie app and SmartCare faster, whilst deepening our platform capabilities.”

The Genie app consolidates fragmented health data into a secure Health Locker, providing personalised insights and guidance. Meanwhile, Genie SmartCare uses AI to enhance patient engagement and streamline administrative tasks for healthcare providers. Maya Hari, Co-founder and Chair of Genie Health, highlighted the platform’s potential to improve patient interactions, saying, “SmartCare combines automated patient engagement with a fuller picture of each patient’s health journey.”

As Singapore faces rising chronic disease prevalence, Genie Health’s innovative approach aims to address the growing demand for preventive care and efficient patient management.

ProsperCap Corporation Limited, listed on the Singapore Exchange, has teamed up with Roam to install 170 electric vehicle (EV) charging sockets across 14 of its UK hotels. The project, which began in September 2026, includes 158 22kW sockets and 12 50kW rapid charging sockets, aiming to cater to the growing number of guests travelling in EVs.

The initiative is part of ProsperCap’s commitment to sustainability and the UK’s net zero transition. “All the electricity across our hotels is sourced from renewable contracts,” said Weerachai Amornrat-Tana, Acting CEO of ProsperCap. This ensures that guests can charge their vehicles knowing their journeys are low-carbon.

Roam, recognised as the UK’s leading hotel EV charging network, will deliver the project through its fully funded model, allowing hotels to upgrade their infrastructure without significant upfront costs. James Randall, CEO of Roam, highlighted the importance of integrating charging facilities into the hospitality experience, stating, “Installing 170 sockets across 14 hotels gives guests access to reliable charging where they already want to spend their time.”

The project not only supports the increasing demand for destination charging but also enhances the long-term value of ProsperCap’s properties. As EV adoption grows, such infrastructure becomes essential for maintaining the appeal of upscale hotels. This collaboration marks a significant step in expanding Roam’s presence in the UK hospitality sector, aligning with the broader shift towards cleaner transportation.

The United Kingdom and Singapore convened for the 11th UK-Singapore Financial Dialogue in Singapore on 20 October 2026, aiming to enhance collaboration in digital finance, capital markets, and sustainable finance. The meeting reaffirmed the robust partnership between the two nations, focusing on digital innovation, market reforms, and environmental finance.

During the dialogue, both countries exchanged insights on digital finance, particularly in digital assets, artificial intelligence (AI), and quantum technologies. Key initiatives discussed included Singapore’s Project Guardian and the UK’s Wholesale Financial Markets Digital Strategy. The dialogue also highlighted the importance of safe AI adoption, with Singapore’s SAFR initiative and the UK’s AI Adoption Plan for Financial Services being focal points.

In capital markets, the UK shared updates on its capital markets reforms, whilst Singapore discussed measures to enhance its equities market. Both nations are working to bolster their growth capital ecosystems, with the UK highlighting the British Business Bank’s initiatives and Singapore detailing its Growth Capital Workgroup.

Sustainable finance was another critical area of discussion. The UK presented its Transition Finance Pilot and related guidelines, whilst Singapore shared its experiences with the Financial Sector Carbon Market Grant and revisions to the Singapore-Asia Taxonomy.

Looking ahead, the UK will assume the G20 Presidency in 2027, and Singapore will chair ASEAN. Both countries discussed priorities for these roles and opportunities for collaboration. The dialogue will be followed by a UK-Singapore business roundtable on 21 October, focusing on international cooperation. The 12th dialogue is scheduled to be hosted by the UK in 2027.

The National Robotics Programme (NRP), Agency for Science, Technology and Research (A*STAR), PINE Lab@NTU, and Micron Technology have announced the launch of the Singapore Embodied AI Challenge for Manufacturing. This is Singapore’s first national competition focused on advancing embodied artificial intelligence (AI) and robotics through real-world industry challenges. The competition, which is among the first globally to be built around a real-world use case provided by an industry partner, aims to translate promising solutions into practical manufacturing applications.

Micron Technology, serving as the Title Sponsor, and Infineon Technologies as an Event Sponsor, are backing the competition, which features a semiconductor manufacturing challenge. Participants will develop embodied AI solutions to meet real-world industrial requirements, with a prize pool of S$88,000, including a top prize of S$50,000. The finals will be held at RoboSG! 2027 on 20 March 2027, and registration is currently open.

Participants will utilise a robotic embodiment platform to perform tasks such as component removal and reassembly within a 3D mock-up chamber developed by Micron. This challenge aligns with Singapore’s strengths in advanced manufacturing and aims to enhance embodied AI technologies in industrial environments. Joshua Lee, Corporate Vice President at Micron Technology, stated, “At Micron, we believe AI can unlock new possibilities by accelerating intelligence and expanding human potential.”

The competition supports Singapore’s ambition to become a global proving ground for robotics and embodied AI, fostering collaboration among researchers, industry partners, and global talent. Tung Meng Fai, Executive Director of NRP, emphasised the competition’s role in accelerating the translation of cutting-edge technologies into deployment-ready solutions.

The challenge begins with an online simulation phase, running until 31 December 2026, followed by the onsite finals. It is open to teams worldwide, including students, engineers, and AI researchers, with a strong encouragement for collaborations between academia and industry. Registration details are available at nrp.gov.sg/SGEAIchallenge.

Parkway East Hospital (PEH) has launched the Parkway East Live Well Centre (PELWC) to promote healthy ageing and preventative care. The centre, unveiled on 20 October, includes the Elder Care Clinic and Parkway East Sleep Laboratory, offering specialist services in ageing, sleep health, nutrition, mobility, and mental wellbeing.

The initiative responds to the increasing health consciousness among Singaporeans, as highlighted by the National Population Health Survey, which shows a rise in physical activity and health screenings since 2022. The PELWC aims to provide holistic support and timely interventions to improve quality of life.

Edwin Tong, Minister for Law and Second Minister for Home Affairs, officiated the ribbon-cutting ceremony. The Elder Care Clinic, PEH’s first geriatric clinic, offers personalised care for older adults, focusing on maintaining independence and mobility. The Parkway East Sleep Laboratory addresses the growing concern over sleep health, particularly as Singapore ranks low in global sleep satisfaction surveys.

PEH reports a significant rise in sleep-related diagnoses, with female patients now making up 37% of cases, up from 30% in 2025. The Sleep Laboratory provides a comfortable setting for assessing sleep conditions, reflecting the increasing demand for such services.

Ivan Khor, CEO of PEH, stated, “Parkway East Hospital has been caring for patients and families in the East for more than 80 years. As their needs and expectations evolve, we continue to grow with them and support them through different stages of life.”

The PELWC is part of PEH’s broader strategy to integrate clinical and allied health expertise, ensuring patients have access to comprehensive care.

All-Link Air & Sea Limited, a regional logistics solutions provider listed on the SGX-ST Mainboard, has announced its intention to acquire a 51% controlling interest in PT All Link Indonesia, a newly established Indonesian freight forwarder. This strategic move aims to bolster All-Link’s presence in Indonesia’s freight forwarding industry.

The acquisition involves All-Link subscribing to 5,100 new shares of PT All Link Indonesia for IDR 5.1b in cash, representing 51% of the company’s enlarged share capital. Existing shareholders of PT All Link will subscribe to 4,400 new shares, maintaining a 49% stake in the company. All shares are being acquired at par value, with no additional consideration payable to current shareholders. The proposed investment is pending approval from Indonesian regulatory authorities.

Peter Neo, CEO of All-Link, stated, “This proposed subscription would give All-Link a 51% controlling interest in an Indonesian freight forwarder, whilst its existing shareholders remain invested alongside us with a 49% stake. We have structured it conservatively — the shares are taken at par and no consideration passes to the existing shareholders.”

The acquisition will also see All-Link securing three out of five seats on the board of directors, allowing the company to guide the business whilst leveraging local expertise and relationships. This expansion into Indonesia is a strategic step for All-Link as it seeks to enhance its regional footprint in the freight-forwarding sector.