Singapore's core inflation eased to 2 per cent year-on-year in September, down from 2.2 per cent in August, according to official figures released on Friday (Oct 23). The moderation was due to lower inflation in services, retail and other goods, and private transport, the Monetary Authority of Singapore (MAS) and Ministry of Energy, Trade and Industry (METI) said in a joint media release. Core prices, which exclude accommodation and private transport, rose by 0.1 per cent month-on-month in September. Overall inflation, as measured by the Consumer Price Index-All Items, fell to 2.2 per cent year-on-year in September from 2.3 per cent in August.
HDB resale flat prices fell 0.1% in the third quarter of 2026, the third straight quarterly decline. Private home prices rose 1.4%, the fastest quarterly increase in nearly two years, according to data from HDB and URA released on 23 Oct.
Singapore has launched a S$143 million initiative to develop industrial decarbonisation technologies. The funding will support industry-led research and five projects scaling up low-carbon technologies for real-world testing.
The Asian Development Bank is considering a US$500 million loan for infrastructure supporting a 360-hectare Pasay City development by SM Prime Holdings. The nonsovereign loan, to be extended to SM Smart City Infrastructure and Development Corp., is scheduled for board consideration on 25 Nov 2026.
Anthropic is pushing forward with its IPO in mid-November, aiming for a potential US$1.5 trillion valuation, even as other AI infrastructure and data centre firms delay or withdraw their listings amid rising interest rates and market volatility.
BE Semiconductor Industries posted €342.6 million in Q3 orders, beating analyst expectations of €298 million, driven by AI data centre demand. Revenue in the final quarter of 2026 is expected to be broadly unchanged from Q3's €283.4 million, the company said.
About 40 cat fosterers have been approved under a two-year pilot scheme that raises the household cat limit to six in HDB flats and 10 in private premises. While some fosterers welcome the formal recognition and fee waivers, others express concerns over household limits and the scheme's ability to a
Singapore and the United Arab Emirates intend to launch negotiations on a Comprehensive Economic Partnership Agreement to deepen economic integration and facilitate trade and investment flows. The announcement was made by Prime Minister Lawrence Wong and UAE President Sheikh Mohamed Zayed Al Nahyan
Singapore-based DayOne Data Centers is considering delaying or scaling back its planned US initial public offering to raise between US$2.5 billion and US$3 billion, down from an earlier target of US$5 billion. The move comes amid rising volatility in the data centre sector following the failed IPO o
The High Court has ordered Franklin Chan Yip Tong to honour a S$600,000 payment to his two brothers who were left out of their mother's will. The money was to come from the S$5 million sale of a semi-detached house at Eng Kong Road bequeathed to Franklin and his brother David.
ABB posted record quarterly orders of US$12 billion, up 40 per cent year on year, driven by surging demand for data centre equipment. The Swiss engineering group also announced a US$495 million investment to take a 51 per cent stake in a low-voltage power distribution joint venture with Mitsubishi E
CapitaLand Development, UOL Group and Singapore Land Group have launched Thomson Reserve, a 1,268-unit freehold residential project off Upper Thomson Road. The development offers two- to five-bedroom homes and is a two-minute walk from Upper Thomson MRT station on the Thomson-East Coast Line.
A Reuters poll of 34 economists finds the Bank of Korea will keep its key policy rate unchanged at 3.00% at its October 22 meeting, but is expected to raise it to 3.25% in November. Inflation remains above the 2% target at 2.9%, while growth stays strong on semiconductor-led exports, giving policyma
3M has expanded its commercial relationship with Amazon and issued a warrant to an Amazon subsidiary allowing it to buy 3M shares worth over US$521 million. Shares of 3M rose more than 5 per cent in extended trading after the announcement.
Two people were taken to Singapore General Hospital for smoke inhalation after a fire broke out at Block 158 Mei Ling Street on Monday. About 25 residents were evacuated as a precaution, and the cause of the fire is under investigation.
Executives from CPP Investments, Princeton Digital Group and SC Zeus Data Centers will appear on MTD TV this week for three live sessions on Asia Pacific digital infrastructure. Topics include hyperscale capital needs, PDG's expansion strategy and Southeast Asian opportunities.
Tenstorrent has raised $1.5 billion in a Series E funding round, valuing the AI chip startup at $6.2 billion post-money. The round was led by Trace Capital and Innovation X, with the company planning to scale production of its Galaxy servers.
A landlord in a Small Claims Tribunal tenancy dispute was ordered to pay S$200 in costs after being caught attending an online course on his phone during the trial. The magistrate found his conduct, including lateness and use of unverified AI-generated arguments, unnecessarily protracted proceedings
Cambridge Associates, which oversees more than US$600 billion in assets, advises Asian families to adopt long-term, customised investment frameworks as they transfer wealth across generations. The firm stresses genuine diversification, strategic asset allocation, and rigorous manager selection to bu
CoreWeave, the Nvidia-backed AI cloud company, saw its shares fall more than 15 per cent this week and its 2030 bond yields jump to nearly 16 per cent as investors worried about an AI bubble. The loss-making firm has US$50 billion in debt and has never turned a profit.
Blue Origin plans to launch its New Glenn rocket multiple times per week by the end of the decade, backed by over US$3 billion in Florida infrastructure. A US$330 million expansion will support production of the heavier New Glenn 9x4 variant, with completion targeted for summer 2027.
Tesla unveiled a redesigned Roadster with SpaceX-developed rocket thrusters at a Texas event, saying production will begin in 2028. The two-seater can accelerate from zero to 97 kmh in under a second and travel over 480 km per charge.
Capital Distributors, KDK's exclusive distributor in Singapore, has installed cooling solutions in three vulnerable households in Punggol North as part of a community heat adaptation programme. The initiative, which also included distributing 100 fans to rental flat residents, marks 30 years of the
Houthi missiles struck the presidential palace in Aden on Thursday, killing at least four people and wounding 10, as Saudi Arabia accused Iran of encouraging the escalation. The attack targeted command centres used by Yemeni government forces and the Saudi-led coalition.
Anthropic has given nonprofit evaluator METR employee-level access to its systems and is in talks with others including Hugging Face, as AI firms pitch external reviews as a safety guardrail. The developer of Claude models is also working with biosecurity nonprofit SecureBio and Accenture's AI busin
Ramp, a financial technology company offering corporate cards and expense management, has raised US$1.85 billion in a primary financing round that values the firm at US$60 billion. The round was led by Dragoneer Investment Group and co-led by Thrive Capital, Founders Fund, Sands Capital and Avenir G
Chinese automaker Chery will introduce a five-seater electric SUV under its iCAUR brand in Britain in early 2027. The launch comes three years after Chery entered the UK market and as its brands hold a 7 per cent share of British sales so far this year.
US President Donald Trump has granted a sanctions waiver for Russian diesel imports and declared an energy ceasefire that Russia has not confirmed. War studies lecturer Samir Puri argues these moves pressure Kyiv more than Moscow, weakening Ukraine's position as it faces winter blackouts and potenti
IOI Properties Group is in exclusive talks to acquire Singapore's Chijmes and Capitol Kempinski hotel, with due diligence underway. The group also plans a private property fund initially comprising two office assets worth about S$6 billion, targeting a 10% to 11% internal rate of return.
Ukrainian drones hit Russia's biggest data centre, owned by Sberbank, on 14 Oct, in attacks targeting Moscow's AI ambitions. Sberbank said all systems were operating normally, while Yandex data centres were also struck in the past week.
Blackstone-backed AirTrunk has delayed a planned Singapore REIT listing that could have raised more than US$1 billion (S$1.4 billion), citing market volatility and uncertainty over US interest rates. The offering could come to market in the first or second quarter of 2027, according to a Wall Street
Mixed-use development Beauty World Plaza has been launched for collective sale at S$165 million, its third attempt at that guide price. The 999-year leasehold property next to Beauty World MRT station sits on a 24,817 sq ft site and has in-principle approval for serviced apartments. The tender close
The family of late property tycoon Chng has put his freehold bungalow in Singapore's District 11 on sale at S$83 million, or S$1,605 psf. The 51,700 sq ft pre-war estate is being marketed via a public tender closing Nov 12, with Knight Frank Singapore as exclusive agent.
Google has released its flagship AI model, Gemini 4 Argon, to developers and businesses worldwide. The launch follows months of delays and a leadership shakeup at its DeepMind lab. API pricing starts at US$2 per million input tokens and US$10 per million output tokens.
The Kremlin said on Tuesday it was discussing problems faced by Russian tech firm Yandex after Ukraine struck three of its data centres. Spokesman Dmitry Peskov said it was too early to assess user losses, but the government was considering the matter as Yandex took urgent steps.
Anthropic said on Monday that small AI models under 30 billion parameters could soon self-replicate on poorly secured internet-of-things devices such as smart ovens and Android TV boxes. The firm warned that if models improve at their historical rate, autonomous replication could be possible by the
Investor portfolios have become alarmingly reliant on the fortunes of the AI trade, which now spans stocks, real estate, infrastructure and energy, says Katie Martin for the Financial Times. The S&P 500 hit a record last week, but stripped of AI, the index has fallen 7 per cent since end-August.
Singapore's National Environment Agency will launch a two-year pilot from the second half of 2027 allowing families to scatter cremated remains at sea, with a fee of S$50 per application. The service, which responds to growing demand for ash scattering, will operate weekly from Pasir Panjang Ferry T
Anders Kok, a 39-year-old father of two, launched Anders' Brew from his kitchen near Woodleigh MRT station in August after nine food businesses failed over 14 years. The home-based kopitiam serves contemporary drinks such as kaya toast beverages, with prices from S$3.90 to S$4.90.
IOI Properties Group has signed an underwriting agreement for 165 million offer units in the proposed IOIPG Malaysia REIT IPO. Separately, the group has submitted a joint expression of interest with a CapitaLand-managed entity to acquire One Raffles Place in Singapore on a 50:50 basis.
A four-room flat at Pinnacle @ Duxton sold for S$1.24 million, setting a new resale record and surpassing the previous high by 2.5 per cent. The sale is one of five four-room flats to cross S$1.5 million this year, with four at the development.
PCF Sparkletots will double its spending on staff development to S$20 million over the next three years. The preschool operator also announced initiatives to reduce teachers' administrative workload and introduce a checklist for supporting children with diverse learning needs.
Russian tech company Yandex said its data centre in the Vladimir region was fully shut down following a drone attack on 11 Oct 2026. No injuries were reported, but some services are unavailable. It is the third Yandex data centre hit in recent days.
Narrow parking lots and tight ramps at older Singapore developments such as Shaw House, Beauty World Centre and Pandan Valley are causing difficulties for drivers of larger modern cars. The minimum lot width of 2.4m, which applies only to new developments since Jan 2024, is increasingly inadequate f
The People's Association (PA) will roll out bite-sized, beginner-friendly AI courses at community clubs from November 2026, priced at S$10 per session. Aimed at residents unfamiliar with technology, including seniors and homemakers, the AI @ Your Neighbourhood programme targets 10,000 participants a
Russia's Yandex said a drone attack disabled several modules at its data centre in the Kaluga region on Friday, the second such strike in two days. No injuries were reported, and some services may be disrupted.
ST Engineering has opened its fourth aircraft maintenance facility in Singapore, a S$170 million site at Changi Creek that will employ over 500 people and add 40 per cent capacity to its widebody MRO network. The facility uses drones, robots and AI to raise productivity.
Apple has slashed component orders for its iPhone 18 Pro and Pro Max by at least 15 per cent for October, citing soft demand and rising memory chip costs, Nikkei Asia reported. The move follows price increases for the new handsets and broader market weakness.
OUE REIT said it is in exclusive talks with IOI Properties and CapitaLand Investment for the sale of One Raffles Place, a prime office complex in Singapore's CBD valued at S$2.3-2.4 billion. The 50-50 joint bid, if successful, would add to IOI Properties' string of Singapore office acquisitions this
Anthropic has released two new tools for its Claude AI platform: Claude Dashboards for building live data dashboards from plain-language queries, and Claude Motion for creating editable animations. Both are in beta for paid plans, while Claude Docs, Slides and Design tools are now generally availabl
