Industry News

Precision engineering firm UMS Integration Limited has successfully launched its secondary listing on the Main Market of Bursa Malaysia Securities, marking a significant milestone as the first Singapore-listed company to do so. The debut, which took place on 1 August, saw UMS shares open at RM5.15, equating to a market capitalisation of RM3.66 billion (S$1.09 billion).

The company, which remains primarily listed on the Singapore Exchange, aims to broaden its investor base and enhance trading liquidity through this strategic move. UMS CEO Luong Andy highlighted the benefits of the secondary listing, stating, “Our Secondary Listing here allows us to broaden our investor base, improve trading liquidity through separate trading platforms, and provide flexibility to access different equity markets to raise funds in the future.”

UMS, known for its high-precision components in the semiconductor industry, is looking to climb the semiconductor value chain by expanding its production of higher-value precision components. Luong expressed optimism about the company’s future, noting the opportunities in advanced packaging solutions.

The listing also reflects UMS’s strong performance, with its market capitalisation growing by nearly 50% since the start of the year. The company has been recognised in the Forbes Best under a Billion list and has received accolades such as the Centurion Club Award 2023.

UMS’s expansion into the Malaysian market is expected to unlock further value for shareholders and enhance the liquidity of its shares, as the company continues to strengthen its position as a comprehensive service provider for global chip companies.
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Fresver Beauty, a well-established name in Singapore’s wellness and facial care sector, has relocated its Tampines outlet to a larger space in Simei. Officially opened on 23 July 2025, the new location aims to accommodate the growing demand for personalised wellness services in the East, enhancing customer comfort and service delivery.

The new Simei outlet, surrounded by essential amenities such as supermarkets and eateries, offers nine treatment rooms, allowing for increased capacity and improved scheduling flexibility. This strategic move is designed to provide a seamless and comfortable experience for customers, including airline service crew members who value the outlet’s accessibility and tranquil environment.

“This relocation wasn’t just a change in address—it was a strategic move to serve our customers better,” said a spokesperson from Fresver Beauty. The new space is designed to deliver elevated wellness experiences, with calming interiors and modern facilities.

Longtime client Caroline, who has been with Fresver Beauty for over 12 years, praised the new outlet, stating, “It’s spacious, peaceful, and incredibly convenient. Every visit feels like a treat.”

Fresver Beauty, established in 1988, continues its commitment to evolving with the needs of its community, offering holistic beauty solutions that restore, renew, and uplift. The brand is known for its personalised, results-driven treatments, blending expert techniques with high-quality skincare products.
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The Singapore Maritime Foundation has launched the 6th MaritimeONE Case Summit, challenging tertiary students to devise tech-driven solutions for the maritime sector. The summit, supported by ARROW Asia, the Maritime and Port Authority of Singapore, NorthStandard, and Ocean Network Express, encourages students from Singapore’s universities and polytechnics to address real-world challenges in maritime, business, technology, and sustainability.

Participants will form teams of two to four and choose from four challenge statements, each focusing on different aspects of the maritime industry’s digital and green transformation. These include strategies for a future-ready workforce, tech-driven market intelligence solutions, and applications for the Maritime Digital Twin—a virtual model of the port.

The competition offers students industry exposure, mentorship, and the chance to win cash prizes. Finalists will present their solutions at the Grand Finals on 14 November 2025. Hor Weng Yew, Chairman of the Singapore Maritime Foundation, highlighted the summit’s role in nurturing maritime talent, stating, “The MaritimeONE Case Summit is a key platform for Singapore’s tertiary youths to apply critical thinking, creativity, and cross-disciplinary insights.”

Philipp Schulte-Westhof, Managing Director of ARROW Asia, emphasised the importance of nurturing young talent, whilst Ang Wee Keong, Chief Executive of the Maritime and Port Authority of Singapore, expressed anticipation for innovative solutions using the Maritime Digital Twin. David Roberts of NorthStandard and Jeremy Nixon of Ocean Network Express also underscored the summit’s significance in addressing industry challenges and inspiring future maritime professionals.
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Royal Caribbean has announced an exciting collaboration with electric vehicle manufacturer BYD, offering Singapore residents the chance to win a BYD Sealion 7 when they book a cruise between 1 August and 1 October 2025. Each cruise booking during this period grants an entry into a lucky draw for the grand prize.

This partnership between Royal Caribbean and BYD highlights both companies’ dedication to innovation and delivering exceptional experiences. Chad Grospe, Vice President of APAC for Royal Caribbean, expressed enthusiasm about the collaboration, stating, “From discovering new horizons at sea to hitting the road in style, we are both in the business of creating memorable journeys.”

The campaign was launched with an event at the BYD flagship showroom on 31 July 2025, showcasing the BYD Sealion 7. Key figures from both companies, including Wendy Yamazaki, Diane Chiang, and James Ng, were present at the event.

The winner of the electric car will be notified in October 2025. This initiative not only enhances the appeal of booking a cruise with Royal Caribbean but also promotes sustainable travel options through the use of electric vehicles. For more details on the collaboration and available sailings, interested parties can visit Royal Caribbean’s official website.
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EcoSwift has launched Singapore’s first Battery Charge and Swap Station (BCSS) for heavy electric vehicles, marking a significant step in the nation’s electrification efforts. The station, unveiled at EcoSwift’s headquarters, is fully automated and operational around the clock, allowing for seamless battery swapping in just five minutes. This innovation is expected to accelerate the adoption of electric vehicles (EVs) in the commercial transport sector by reducing vehicle downtime and addressing urban space constraints.

The BCSS supports EcoSwift’s SANY EV490 electric prime mover, which features a 350kWh battery offering over 240km of range. The station’s compact design requires only 1,550 square feet, supporting up to 60 lorries, compared to the 25,000 square feet needed for 30 fast chargers. This represents a 93% reduction in land usage, making it a viable solution for fleet operators facing space limitations.

EcoSwift’s initiative aligns with several goals of the Singapore Green Plan 2030, including carbon reduction and grid efficiency. Each SANY EV490 lorry can save up to 36 tonnes of CO₂ annually, cutting emissions by more than 54% compared to diesel models. The BCSS also helps distribute power usage throughout the day, reducing peak-load strain on the electricity grid.

Ryan Woon, Founder and CEO of EcoSwift, stated, “With the BCSS, we are cementing our position as pioneers of sustainable transport in Singapore.” The company plans to expand its BCSS footprint across the island and introduce mobile swap capabilities, further supporting the transition to zero-emission transport.
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OH!SOME, a trendy one-stop retail brand, has launched its first store in Thailand at Samyan Mitrtown, Bangkok. This new venture is part of OH!SOME’s innovative approach to retail, featuring a unique and immersive visual concept. The Bangkok store is themed as an “ice and snow world,” designed to captivate the city’s trend-savvy youth and attract influencers.

The brand’s strategy has already seen success in Singapore and Malaysia, where similar thematic stores have driven significant foot traffic. OH!SOME’s expansion into Bangkok is bolstered by exclusive intellectual property collaborations, such as a denim-inspired Mickey Mouse collection with Disney, which aims to further entice consumers.

In addition to its thematic retail spaces, OH!SOME plans to introduce interactive experiences, including DIY workshops, to engage customers further. This approach not only enhances the shopping experience but also positions OH!SOME as a pioneering force in the Southeast Asian retail market.

Meta Wajanasikorn, Retail Store Manager at OH!SOME Thailand, is optimistic about the brand’s expansion strategy, which includes plans for more stores in the region. The Bangkok launch serves as a case study in how new-age retail brands can successfully penetrate key markets by offering unique and engaging shopping experiences.

As OH!SOME continues to expand its footprint, the brand’s innovative retail concepts are expected to set new standards in the industry, potentially influencing how other retailers approach store design and customer engagement in the future.
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BOSS Fragrances has partnered with Lunì, Southeast Asia’s first scent bar, to offer a unique sensory experience through five bespoke cocktails inspired by BOSS The Collection fragrances. From 1 August to 7 September 2025, patrons can enjoy these exclusive drinks at Lunì – Scent, Bar & Kitchen in Singapore.

The collaboration merges the worlds of perfumery and mixology, with Lunì known for its innovative cocktail menus inspired by various scents. Each cocktail, priced at $28, draws from the ingredients of BOSS The Collection, providing a multi-sensory journey that evokes emotion and memory.

The cocktail menu features two drinks based on newly launched fragrances: Exhilarating Vanilla, an Old Fashioned with vanilla extracts, and Fearless Pepper, a smoky Old Fashioned infused with smoked pepper. Additionally, Wild Violet offers a floral highball infused with rosewater. The menu also includes cocktails based on best-selling fragrances: Invincible Bergamot, a refreshing Whisky Sour, and Sensual Geranium, a fragrant Collins garnished with scented geraniums.

Guests purchasing any drink from the collaborative menu will receive a complimentary vial from BOSS The Collection, whilst stocks last, and a 15% discount on BOSS fragrances at Metro, Paragon.

BOSS The Collection, known for its luxurious and versatile fragrances, mirrors the essence of modern tailoring. With 15 scents available, the collection allows wearers to adapt their olfactory signature to different moods and occasions.
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The Singapore Business Federation (SBF) convened its second LATAM Conference on 31 July, drawing over 180 participants, including government officials and business leaders from Singapore and Latin America. Themed ‘Destino LATAM: First Foray to Fortune’, the conference aimed to explore emerging business opportunities in the Latin American region, focusing on strategies to leverage recent developments such as free trade agreements.

Minister of State for Trade and Industry, Alvin Tan, attended as Guest-of-Honour, reaffirming the government’s commitment to fostering trade and investment flows into Latin America. The conference featured a panel on ‘Economic Diversification and Integration through LATAM’, which examined how businesses can effectively localise and tap into the strengths of 33 Latin American markets.

Participants engaged in breakout sessions that provided practical guidance on advanced manufacturing, energy and automation technologies, and supply chain logistics. These sessions also addressed navigating regulatory and legal frameworks in key Latin American markets.

SBF Chairman S S Teo emphasised the importance of strategic engagement in Latin America, stating, “Latin America is a dynamic and promising market for companies that are prepared and committed to engage strategically.” The conference, supported by over 15 Trade Associations and Chambers and 11 embassies, aimed to help companies build partnerships and navigate the complexities of operating in the region.

SBF will continue to support Singapore companies through its Latin America Business Group and GlobalConnect@SBF initiative, having facilitated over 140 advisories to businesses interested in the region over the past three years.
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Singapore’s construction sector is investing heavily in technology, with 28% of expenditure now directed towards digital tools, according to the latest report by Autodesk and Deloitte. This marks a significant 30% increase from the previous year, highlighting the industry’s commitment to digital transformation amidst economic challenges.

Singapore’s construction firms are at the forefront of digital adoption in the Asia Pacific region, utilising an average of 7.3 technologies, surpassing the regional average of 6.2. This positions Singapore second only to India in terms of technology use. The report indicates that businesses with higher digital maturity are experiencing improved project outcomes and financial performance, with a notable reduction in safety incidents.

Jeff Larrick, Senior Director of APJ Construction Cloud at Autodesk, emphasised the importance of this trend, stating, “It is highly encouraging to see construction businesses in Singapore continue accelerating their investment into technology over the last few years, positioning them well to capitalise on opportunities arising from the slew of major local infrastructure projects on the horizon.”

Despite the progress, challenges remain. Economic uncertainty, labour costs, and the cost of raw materials are among the top concerns for Singaporean construction firms. Additionally, the lack of technical skills and budget constraints are barriers to further digital adoption.

Looking ahead, the industry is poised for further growth, with the Building and Construction Authority forecasting construction contracts worth up to $38.5 billion (S$53 billion) in 2025. As digital tools continue to prove their value, Singapore’s construction sector is well-positioned to navigate future challenges and opportunities.
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Coach has launched its first Singaporean outlet of The Coach Coffee Shop at WEAVE, Resorts World Sentosa. This marks a significant step in Coach’s evolution from a heritage fashion brand to a global lifestyle brand, expanding its hospitality concepts in the region. The coffee shop, located at the forefront of the retail store, captures the essence of New York City, Coach’s hometown, with its urban architectural elements and lush greenery.

The Coach Coffee Shop offers an all-day menu featuring American classics with a twist. Highlights include the Fully Loaded Reuben, Grilled Cheese, and a weekend-exclusive Classic Cheeseburger. For dessert lovers, the shop serves American crullers in flavours like Raspberry Glazed and Apple Crumble, alongside signature soft serves such as Peanut Butter & Jelly and the Singapore-exclusive Chilli Crab Soft Serve.

The beverage menu is equally enticing, with options like the Strawberry Matcha Latte and Orange Cream. This Singapore location is the first to introduce a seasonal menu, showcasing Coach’s commitment to quality and creativity in its culinary offerings.

The shop’s design features industrial fixtures, concrete walls, and decorative LED lighting, with the beloved coffee cup mascot, Lil Miss Jo, adorning to-go cups and napkins. Exclusive merchandise, including Lil Miss Jo tote bags and coffee mugs, is available for purchase.

Located at WEAVE, Resorts World Sentosa, The Coach Coffee Shop is open daily from 9am to 8pm, inviting visitors to experience a unique blend of fashion, culture, and community.
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