Industry News

Moody’s Analytics has released its Asia Pacific Economic Preview for the week of 24–28 March 2025, highlighting significant economic data expected across the region. The report anticipates a slight decline in South Korea’s consumer sentiment index to 94.5 from 95.2, influenced by ongoing global trade tensions and domestic political uncertainty. Meanwhile, Singapore is projected to report a decrease in headline inflation to 0.5% year on year in February, down from 1.2% in January, driven by a significant drop in electricity prices and a high base effect from the previous year.

The report also notes that Taiwan is expected to show a 10% increase in industrial production for February, attributed to the earlier occurrence of the Lunar New Year, which has distorted year-on-year comparisons. Additionally, the economic outlook for the region is being shaped by pending changes in US tariffs, which could impact trade dynamics.

In China, the People’s Bank of China has opted to maintain its current interest rates, despite previous indications of a shift towards looser monetary policy. This decision comes amidst China’s efforts to boost domestic consumption through a new 30-point plan, although details remain sparse.

The economic landscape in the Asia Pacific is further complicated by varying monetary policy stances, with Bank Indonesia and the Bank of Japan also holding their rates steady. New Zealand, however, has shown signs of economic recovery, with GDP rebounding by nearly 0.7% in the December quarter.

As the region navigates these economic challenges, Moody’s Analytics continues to provide insights into the potential impacts on growth and trade. The coming weeks will be crucial in determining how these factors play out across different economies.
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AIMS APAC REIT, a prominent mid-cap industrial real estate investment trust, is poised for significant growth, with its target price increased to S$1.48, reflecting a 17% upside. The REIT has demonstrated robust operational performance and effective balance sheet management, driven by proactive strategies. With a stable gearing position, AIMS APAC REIT is well-positioned to seize acquisition opportunities in Singapore and Australia, according to analyst Vijay Natarajan.

The REIT’s asset enhancement initiatives are progressing as planned and are expected to positively impact from FY26. This strategic focus on asset improvements and acquisitions underscores AIMS APAC REIT’s commitment to maintaining its growth trajectory.

The REIT’s financial health is further bolstered by a forecasted yield of approximately 8% for FY26, making it an attractive option for investors seeking stable returns. The company’s strategic initiatives and strong market positioning have led to its recognition as one of the top mid-cap industrial REIT picks.

In summary, AIMS APAC REIT’s strategic management and operational excellence position it well for continued growth, with asset enhancements and acquisitions set to drive future performance. As the REIT capitalises on market opportunities, it remains a compelling choice for investors looking for robust returns in the industrial real estate sector.
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Signify, formerly known as Philips Lighting, has partnered with Toa Payoh East Community Club to donate over 2,000 energy-efficient Philips LED light bulbs to 770 low-income households in Toa Payoh East. The initiative, part of Signify’s commitment to a greener Singapore, began on 23 March and will continue on 12 April, led by Saktiandi Supaat, Adviser to Bishan-Toa Payoh GRC Grassroots Organisations, and Chandra Vaidyanathan, Managing Director of Signify Singapore.

The project not only aims to brighten homes but also to significantly reduce energy consumption, with potential savings of up to 90% for residents. Each household will receive three LED bulbs, replacing conventional lighting and contributing to energy efficiency. The initiative also includes the collection and recycling of old bulbs to minimise e-waste.

Saktiandi Supaat expressed gratitude for the donation, highlighting its positive impact on the community. “This initiative will have a significant impact on the lives of residents,” he stated. Chandra Vaidyanathan added, “At Signify, we believe in the power of light to positively impact lives and uplift local communities.”

This effort aligns with Signify’s ‘Brighter Lives, Better World 2025’ commitment and the People’s Association vision of fostering a caring community. As Signify continues to support local communities, the initiative underscores the company’s dedication to sustainability and social responsibility.
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Business sentiment among small businesses in Singapore has reached its highest level since 2019, according to a recent survey by CPA Australia. The Asia-Pacific Small Business Survey 2024–25 indicates that 62% of small businesses in Singapore expect growth this year, with 63% expressing confidence in the country’s economic prospects. This marks a significant increase from 60% in 2024, reflecting a robust business environment.

The survey highlights a strong adoption of technology, with 63% of small businesses generating over 10% of their revenue from online sales, up from 36% in 2019. Additionally, 76% reported significant sales through digital payment technologies like PayPal and Apple Pay, a notable rise from 51% in 2019. Cybersecurity has also improved, with incidents dropping from 54% in 2023 to 39% in 2024, and only 33% of businesses anticipate cyberattacks this year.

Despite these positive trends, innovation appears to be waning, with only 23% of businesses planning to introduce new products or services, down from 37% in 2024. The survey also notes an ageing demographic among business owners, which could impact future growth and innovation.

Joshua Ong, CPA Australia’s Singapore Divisional Deputy President, emphasised the importance of Environmental, Social, and Governance (ESG) initiatives, stating that embracing these practices can provide a competitive edge. However, expectations for export revenue growth have decreased, with only 18% of businesses anticipating strong growth, down from 27% in 2024, due to geopolitical tensions and potential trade tariffs.

Overall, the outlook for small businesses in Singapore remains positive, driven by technological adoption and improved cybersecurity resilience.
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Chocolate Finance, a brand of Chocfin Pte. Ltd., has announced the successful processing of all redemption requests received between 10 and 18 March. The company confirmed that all customers received 100% of their invested capital along with earned returns by the end of 21 March. This update comes after a surge in withdrawal requests, which the company managed within its standard three to six business day timeline.

The financial services provider reassured its clients that it will continue to process withdrawals within the usual timeframe starting 24 March. This commitment aims to maintain customer confidence and ensure a seamless financial experience. Chocolate Finance’s CEO, Walter de Oude, and the team regularly update clients via their Instagram channel, providing transparency and ongoing communication.

For those seeking further information, Chocolate Finance encourages customers to consult their FAQs and Terms & Conditions available on their website. The company remains dedicated to delivering secure and rewarding financial solutions, partnering with globally recognised institutions to optimise clients’ spare cash investments.
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ISOTeam, a Singapore-based company, is set to benefit from a surge in government projects ahead of the parliamentary elections due by the end of 2025. The company has maintained its “BUY” recommendation, with a revised target price of S$0.08, up from S$0.07. This revision follows an 11% increase in projected earnings for the fiscal years 2025 to 2027, as the company anticipates an acceleration in project activity.

The revised earnings outlook is attributed to the expected increase in government projects, which are likely to be rolled out in the lead-up to the elections. ISOTeam’s valuation base has been updated to reflect the FY26 forecasted price-to-earnings ratio, moving away from the previous blended FY25-26 earnings model.

Alfie Yeo, an analyst, noted, “We turn more positive on ISOTeam’s earnings outlook, as we see it benefiting from and riding on more government projects ahead of the parliamentary election due by the end of 2025.”

This development is significant as it highlights the potential for increased infrastructure and development projects in Singapore, which could have broader economic implications. The anticipated acceleration in projects not only boosts ISOTeam’s prospects but also signals a period of heightened activity in the construction and infrastructure sectors.

Looking ahead, ISOTeam’s strategic positioning to capitalise on these opportunities could enhance its market standing and financial performance. The company’s ability to leverage government projects effectively will be crucial in sustaining its growth trajectory.
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The Housing Development Board (HDB) has launched a government land sales (GLS) site for an executive condominium (EC) at Senja Close, Bukit Panjang. This marks the first EC site under the GLS slate for the first half of 2025, with two more EC plots expected in Woodlands Drive 17 and Sembawang Road in the coming months.

Located near the Jelapang LRT station, the Senja Close site is poised to accommodate approximately 295 residential units. The area is well-served by amenities, including three primary schools within a 1-km radius—West Spring, Greenridge, and West View Primary Schools. Additionally, the site is in proximity to Senja Hawker Centre, Bukit Panjang Polyclinic, and several shopping centres such as Junction 10 mall and Hillion Mall.

Wong Siew Ying, Head of Research and Content at PropNex, noted the potential pent-up demand for new EC units in Bukit Panjang, as the last EC project, Blossom Residences, was launched in 2011. The manageable project size and the interest from HDB upgraders in the area are expected to attract developers.

The recent success of the Aurelle of Tampines EC project, which saw a 90% take-up rate, highlights the continued popularity of ECs among Singaporean homebuyers. PropNex anticipates that the Senja Close tender could attract five to six bids, with the top bid ranging from $230m to $235m, translating to a land rate of $700 to $715 per square foot per plot ratio.
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Blue Bottle Coffee is set to open its first café in Southeast Asia at LUMINE Singapore, Raffles City, on 3 April 2025. Known for its meticulous approach to speciality coffee, the brand’s expansion into Singapore marks a significant milestone in its Asian journey, complementing its presence in Japan, Korea, Hong Kong SAR, and China.

Occupying a 135-square-metre space with a seating capacity of 42, the café will operate daily from 8:00 AM to 10:00 PM. Guests can enjoy Blue Bottle Coffee’s renowned single-origin and espresso-based beverages, alongside a rotating selection of seasonal coffees sourced from sustainable farms worldwide. The café aims to provide more than just coffee, reflecting the brand’s dedication to craftsmanship, hospitality, and community.

Kester Whitaker, Chief Growth Officer & Head of Asia at Blue Bottle Coffee, expressed excitement about the opening, stating, “This café opening marks an exciting chapter for Blue Bottle Coffee in Southeast Asia. Beyond serving coffee, we look forward to sharing this journey with a new community, creating a space where guests can experience not just great coffee, but the warmth and hospitality that define who we are.”

The partnership with LUMINE Co., Ltd. aligns with both brands’ commitment to creating meaningful experiences. Teruyuki Omote, President and CEO of LUMINE Co., Ltd., noted, “With this café, we hope to offer a space where guests can enjoy not only exceptionally brewed coffee, but also the thoughtful design and warm hospitality that defines both our brands.”

Blue Bottle Coffee’s arrival in Singapore underscores its continued expansion in Asia and commitment to high-quality coffee experiences.
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The Singapore Computer Society (SCS) has announced the appointment of Lim Bee Kwan as its new president for the 2025/2026 term, following its 58th Annual General Meeting on 20 March 2025. Lim, who succeeds Sam Liew, brings extensive experience from both public and private sectors to the role. Under Liew’s leadership since 2022, SCS has seen significant growth in membership and professional excellence within Singapore’s tech community.

In 2024, SCS launched several key initiatives, including the inaugural Sustainable Tech Forum, the Women in Tech Board Readiness Programme, and the revamped Splash Forum. The society also introduced the Skills Pathway for Cybersecurity and enhanced its digital credentialing initiative, STAR@SCS, with new digital badges. Additionally, SCS released Version 2.0 of the AI Ethics & Governance Body of Knowledge and elevated its Technopreneurship Special Interest Group to a chapter.

Lim expressed her commitment to continuing the society’s focus on upskilling tech professionals and fostering a strong community of tech leaders. “It is an honour to serve as President of the Singapore Computer Society and build on the incredible legacy of Sam Liew,” she said. “Together, we will ensure that SCS remains at the forefront to enable our tech professionals and to shape Singapore’s technology landscape.”

The new Executive Council includes accomplished professionals from various sectors, such as Han Chung Heng from Oracle and Edward Chen from the Cyber Security Agency of Singapore. With this leadership team, SCS aims to drive innovation and growth, reaffirming its commitment to empowering tech professionals and advancing the nation’s digital transformation.
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Grand Copthorne Waterfront Hotel Singapore is set to launch the Sakura Serenity Buffet at Food Capital, a Japanese culinary experience crafted by Chef Elson Lee, a protégé of Michelin-starred Chef Santaro Lee. Running from 16 April to 15 June 2025, the buffet offers a modern izakaya-style dining experience, blending traditional techniques with seasonal Japanese ingredients.

The launch event on 16 April will feature traditional Taiko drum performances and a tuna-cutting ceremony by Chef Elson Lee. Attendees can also participate in a lucky draw with prizes worth up to $800, including stays in the newly refurbished Grand Deluxe Room.

The buffet menu includes expertly grilled robatayaki skewers, premium sashimi, and inventive small plates. Highlights include the Flavours of Japan Sashimi Platter, caramelised Grilled Unagi, and Japanese Beef Curry. The Oden Station offers shrimp gyoza and mushrooms in dashi stock, whilst sushi lovers can enjoy selections from a two-metre-long sushi belt.

The Live Station will feature daily Chef’s Choice selections, complemented by signature roasts like herb-crusted roasted beef and slow-roasted lamb leg. Desserts include Wagashi and Black Sesame Ice Cream. Food Capital will also offer a variety of Seafood-On-Ice, Western, Asian, and International dishes.

Lunch is available from Monday to Saturday at $72++ per adult and $36++ per child, whilst dinner is priced at $102++ per adult and $51++ per child from Sundays to Thursdays, with weekend dinners at $112++ per adult and $56++ per child. Children under five dine for free.
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