Industry News

Xiaomi has unveiled its latest flagship smartphones, the Xiaomi 15T Series, alongside a new range of AIoT products in Singapore. Launched on 24 September, the Xiaomi 15T and 15T Pro smartphones feature advanced triple camera systems co-engineered with Leica, promising enhanced photography capabilities. Pre-orders for these devices are open until 10 October 2025.

The new AIoT line-up includes 14 products aimed at transforming daily life through smart technology. Highlights include the Xiaomi Watch S4 41mm, which combines elegant design with robust health tracking features, and the Xiaomi Smart Band 10 Glimmer Edition, celebrating a decade of wearable innovation with a stylish, practical design.

In the realm of home cleaning, the Xiaomi Robot Vacuum 5 and 5 Pro offer powerful suction and advanced AI features for efficient cleaning. The Xiaomi Vacuum Cleaner P30 and Truclean W30 Pro Wet Dry Vacuum further enhance home maintenance with lightweight designs and deep-cleaning capabilities.

Xiaomi’s latest offerings also extend to entertainment and personal health, with products like the Xiaomi TV S Pro Mini LED Series 2026 and the Mijia Smart Air Purifier 6. These devices are designed to integrate seamlessly into modern lifestyles, providing enhanced connectivity and convenience.

This expansion of Xiaomi’s AIoT portfolio underscores the company’s commitment to refining human-device interaction and creating more efficient smart home systems. As these products become available, they promise to offer consumers in Singapore a more connected and streamlined living experience.

Centurion Accommodation REIT (CAREIT) has successfully completed its Initial Public Offering (IPO), with the offering being oversubscribed by 16.6 times. The IPO, which raised approximately $563.5m (S$771.12m), marks Singapore’s first pure-play purpose-built living accommodation real estate investment trust. The offering included an international placement and a public offer in Singapore, both of which saw robust demand from investors.

The public offer in Singapore was particularly notable, being oversubscribed by 30.9 times, the strongest response in recent years. The international placement tranche was also well-received, being 16 times oversubscribed, attracting interest from institutional investors, real estate specialist funds, and high net-worth individuals. The offering price was set at $0.64 (S$0.88) per unit.

Tony Bin, CEO of Centurion Asset Management, expressed gratitude for the overwhelming support, stating, “The all-round support from Cornerstone, institutional, and retail investors is a powerful endorsement of our vision to provide investors access to a resilient, high-quality portfolio consistently generating stable cash flows.”

The REIT has secured commitments from 16 cornerstone investors, including prominent names such as FIL Investment Management and abrdn Asia Limited, collectively subscribing for 35.7% of the total units.

Trading of CAREIT units on the Singapore Exchange is set to commence on 25 September 2025. The projected distribution yield for the REIT is 7.47% for 2026 and 8.11% for 2027, promising stable returns for investors.

ComfortDelGro ENGIE, a prominent electric vehicle (EV) charging provider in Singapore, has announced new partnerships with Yinson GreenTech and LHN Energy, significantly expanding its charging network. This development comes as EV registrations in Singapore surged by 63.2% in the first half of 2025 compared to the previous year, highlighting the growing demand for robust charging infrastructure.

The partnerships appoint ComfortDelGro ENGIE as the EV charging point operator for multiple sites managed by Yinson GreenTech and LHN Energy. This expansion brings the total number of active charge points to over 2,100 across more than 510 locations in Singapore and Malaysia. The collaboration aims to enhance charging accessibility and reliability for EV drivers, offering seamless convenience through the CDG ENGIE app, which supports cross-border charging.

Freddie Chew, General Manager of ComfortDelGro ENGIE, stated, “This partnership reflects strong market confidence in our proven track record and operational excellence. We believe that we are best placed to support long-term growth and continuous innovation of the EV charging ecosystem.”

The move positions ComfortDelGro ENGIE as one of the largest EV charging networks in Singapore, aligning with the government’s goal to install charging points at all publicly accessible car parks by 2030. This initiative supports Singapore’s net-zero emissions target by 2050 and is expected to further drive the adoption of electric vehicles in the region.

Australian biotech company and Temasek backed innovator Samsara Eco has appointed Lars Kissau as its first General Manager for Asia, marking a significant step in its regional expansion. Based in Singapore, Kissau will oversee the launch of Samsara Eco’s inaugural 20,000-tonne nylon 6,6 plant in 2028, utilising the company’s EosEco technology. This move is part of Samsara Eco’s mission to establish a circular plastics economy.

Kissau brings over 20 years of experience from BASF, where he led the Net Zero Accelerator, focusing on low carbon and circular economy technologies. His expertise is expected to bolster Samsara Eco’s efforts to meet the growing demand for sustainable materials.

The appointment follows the opening of Samsara Eco’s first industrial-scale recycling plant in Jerrabomberra, Australia. The company aims to address the recycling challenge, as currently only 10% of plastics and less than 1% of textiles are recycled. Samsara Eco’s enzymatic recycling technology, EosEco, aims to change this by recycling previously unrecyclable materials.

Kissau will lead the construction of the new plant, the first of many planned facilities, and expand the regional team to support operations. With Temasek as a lead investor, Samsara Eco is well-positioned to leverage Singapore’s biotech ecosystem for its regional expansion.

The iEdge Singapore Next 50 Index has seen significant growth in value and liquidity during the third quarter of 2025, with Food Empire Holdings leading the charge. The company secured $31.3m (S$42.8m) through a strategic treasury share placement on 24 September, enhancing its market presence and liquidity. This move has propelled Food Empire to become the seventh most actively traded stock in the local market.

Nine out of ten constituents of the iEdge Singapore Next 50 Index recorded higher average daily trading turnover in Q3 2025 compared to the first half of the year. Notable growth was observed in companies such as Banyan Tree Holdings, PropNex, and China Aviation Oil Singapore Corp. Additionally, the price-to-book ratios for nine out of ten constituents have increased, with PropNex and Yangzijiang Financial Holding leading the way.

The iEdge Singapore Next 50 Index, which excludes the 30 most actively traded stocks by market capitalisation, complements Singapore’s established benchmarks. It maintains a combined market capitalisation of $63.8 billion (S$87 billion) and an average daily turnover of $117.2m (S$160m) as of 24 September 2025.

Food Empire’s recent share placement attracted interest from institutional investors, including Amova Asset Management and Lion Global Investors. The placement, priced at $1.85 (S$2.52) per share, represented a 5.38% discount to the previous day’s volume-weighted average price. This strategic move is expected to enhance Food Empire’s trading liquidity and market float, positioning the company for future growth opportunities and strengthening investor confidence.

Solas Fiduciary Services, a leader in directorships and corporate governance, has inaugurated a new office in the Dubai International Financial Centre (DIFC). This strategic move aims to bolster Solas’s presence in key financial hubs worldwide. The Dubai office will enable Solas to offer its international expertise directly to clients in the Middle East, enhancing its services already available in Singapore and Hong Kong.

The expansion into Dubai is seen as a natural progression for Solas, given the region’s commitment to a transparent and well-regulated financial environment. Martin O’Regan, Managing Director of Solas Fiduciary Services, expressed enthusiasm about the new office, stating, “Being in the heart of a thriving financial ecosystem and close to leading global fund managers will accelerate our growth and enhance the value we deliver.”

Corina Quah, Director at Solas, highlighted the alignment between Dubai’s regulatory environment and Solas’s values. The firm, founded in 2016, is Asia’s only independent pureplay directorship provider, with a network spanning the Americas, Caribbean, Europe, MENA, and Asia-Pacific.

Solas’s new office in Dubai is expected to strengthen its governance services and foster new partnerships in the Middle East. The firm remains committed to delivering exceptional governance and supporting clients across the region.

A consortium of developers, including UOL Group Limited, Singapore Land Group Limited, CapitaLand Development, and Kheng Leong Company, is set to unveil Skye at Holland, a high-end residential development in Holland Village, Singapore. This marks the first significant private residential launch in the area since 2019. Public previews will commence on 26 September, with the official launch slated for 11 October.

Skye at Holland, a 99-year leasehold development, spans approximately 133,343 square feet and features two 40-storey towers. It offers a range of indoor and outdoor facilities, surrounded by Good Class Bungalow areas. The development will be the tallest in the Holland Village vicinity upon completion.

The flats are priced from $1.51m for a two-bedroom unit, $2.40m for a three-bedroom unit, and $3.34m for a four-bedroom unit with a private lift.

Located near Holland Village MRT station, Skye at Holland is well-connected to key areas and surrounded by vibrant enclaves such as Dempsey Hill. The development is also close to popular schools and nature spots like the Singapore Botanic Gardens. Skye at Holland is expected to achieve its Temporary Occupation Permit in 2029.

Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) and Indosuez Wealth Management have inaugurated a new office in Singapore, located at the IOI Central Boulevard Towers in the city’s central business district. This move consolidates their operations into a modern, 43,420 square feet workspace across two floors, aligning with Crédit Agricole Group’s strategy for growth in the Asia-Pacific region.

The new office is part of Crédit Agricole Group’s workplace enhancement initiative, designed to foster collaboration, flexibility, and sustainability. Antoine Sirgi, Senior Country Officer for Singapore, emphasised the office’s role in adapting to evolving work environments, stating, “This new chapter reflects Crédit Agricole CIB’s commitment to adapting to the evolving work environment whilst supporting the continued growth of our business activities.”

The opening coincides with two significant milestones: Crédit Agricole’s 120 years in Singapore and the nation’s 60th year of independence. Laurent Proutière, Chief Executive Officer Asia and Singapore Branch Manager at Indosuez Wealth Management, highlighted Singapore’s importance as a regional hub, noting, “The relocation demonstrates our confidence in Singapore’s role as a regional hub for wealth management by investing in fresh premises that support our business and growing client base in Asia.”

Seatrium Offshore Technology (SOT) has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), India’s largest shipbuilder, to bolster cooperation in the offshore sector across India and Asia. This strategic partnership aims to leverage SOT’s engineering expertise and CSL’s infrastructure to address the growing demand for maritime infrastructure and energy solutions in the region.

The collaboration will focus on Maintenance, Repair, and Overhaul (MRO) projects for clients operating in Asia, with plans to explore further opportunities in other key offshore markets. The MoU establishes a framework for joint marketing, project execution, and technology collaboration, paving the way for a long-term partnership to support regional energy transition and offshore development.

Winston Cheng, senior vice president and head of SOT, highlighted the significance of this agreement, stating, “This MoU is a strategic milestone in Seatrium’s efforts to expand our global footprint across Asia, with India identified as a key market for long-term growth.” He emphasised the potential for collaboration and innovation in India’s rapidly developing offshore energy sector.

The partnership builds on a previous collaboration between Seatrium Letourneau USA, Inc. and CSL, signed in November 2024, for the joint design and supply of critical equipment for jack-up rigs in the Indian market. This agreement lays the foundation for Seatrium’s long-term involvement in India’s offshore industry, supporting the country’s efforts to enhance energy security amidst rapid industrialisation and urbanisation.

As India is poised to lead global oil demand growth, reaching an estimated 6.6 million barrels per day by 2030, this collaboration positions Seatrium as a key player in driving sustainable offshore development in the region.

The Singapore Department of Statistics has released the Services Producer Price Indices for the second quarter of 2025, revealing varied trends across different sectors. Cargo handling prices increased by 0.7% compared to the first quarter, whilst sea freight transport experienced a notable decline of 4.2%. Other sectors, including freight forwarding and accounting services, saw decreases of 1.6%, with postal and courier services dropping by 1.0% and computer consultancy and information services by 0.7%. Telecommunications services and warehousing and storage prices remained unchanged.

These indices are crucial for understanding the cost dynamics within Singapore’s service sectors, impacting businesses and economic planning. The decline in sea freight transport prices could be indicative of shifting global trade patterns or competitive pressures, whilst the rise in cargo handling suggests increased demand or operational costs.

These indices not only reflect current market conditions but also help businesses and policymakers anticipate future trends, making them an essential tool for strategic decision-making in Singapore’s dynamic economy.