A rapid survey by the American Chamber of Commerce in Singapore (AmCham) found that nearly half (45%) of companies in Singapore plan to pass on the increased costs due to new US tariffs to their customers.The American Chamber of Commerce in Singapore said on Wednesday (April 2) that other companies intend to reduce their dependence on high-tariff markets by diversifying their supply chains or seize the opportunity to take market share from slower-adapting competitors.Among the 36 respondents surveyed, more than two-thirds said that reciprocal tariffs that countries imposing tariffs on US imports may levy are the biggest concerns for their businesses compared to existing trade measures.Nearly seven in ten (69%) companies said they expect new tariffs to have a significant or moderate negativ

Sembcorp Industries said in a filing to the exchange on Wednesday (April 2) that it proposed to acquire Senoko Energy, a move that could more than double its stake in Senoko Energy.Its wholly-owned subsidiary, Sembcorp Utilities, has signed a sale and purchase agreement to increase its stake in Senoko to up to 70%, more than double its current 30% share as reflected in its annual report.The agreement was signed by Korea Electric Power Investment Netherlands, KEPCO International and Japan Bank for International Cooperation (JBIC) to acquire up to 57.1% of the shares of the joint venture Lion Power, which holds 70% of Senoko's interests.Lion Power is owned by a joint venture composed of Marubeni Corporation, Korea Electric Power Investment Group Netherlands Branch, KEPCO International and Ja

UOB to Lower Interest Rates on Flagship Savings Account "One Account" Based on Rate ExpectationsStarting from May 1, the maximum interest rate for the first S$150,000 will be reduced from 4% to 3.3% per annum.This marks the second consecutive year that UOB has lowered the interest rate on its One Account. Prior to May 2024, the One Account offered a maximum annual interest rate of up to 5% on deposits of up to S$100,000.The bank has also joined OCBC in lowering the interest rates on its flagship savings accounts this year.Earlier in March this year, OCBC announced that it would lower the interest rates on its 360 Account in line with prevailing market conditions.Starting from May 1, the maximum effective interest rate for the first S$100,000 in the 360 Account will be reduced from the curr

Keppel Infrastructure Trust (KIT) to Acquire Approximately 46.7% Stake in Global Marine Group (GMG) for Around US$90.6 MillionKeppel Infrastructure Trust (KIT) will acquire approximately 46.7% of the shares in leading subsea cable solutions provider Global Marine Group (GMG) for around US$90.6 million, its manager announced on Tuesday (April 1).The equity will be acquired from KIT's trustee-manager, Keppel Infrastructure Fund (KIF), which has held 100% of GMG's equity since its acquisition in early March 2025. After the acquisition, the remaining 53.3% interest will be held by KIF and its co-investors.The total investment amount of US$90.6 million includes an approximately US$86.6 million subscription consideration and an approximately US$3.9 million listing fee as part of the standard set

Keppel sold all of its 42% stake in South Rach Chiec, the developer of the Palm City project in Ho Chi Minh City, to Vietnamese real estate company Gateway Thu Thiem through its property division.It received cash proceeds of 2.6 trillion Vietnamese dong (S$136.6 million).Keppel said in a statement on Tuesday that the divestment was completed in March and brought in net divestment gains of about S$55 million for Keppel.On Friday, Keppel's share price closed flat at S$6.90. $(BN4.SI)$

Hari Raya Puasa has arrived. The Singapore market is closed on Monday, March 31, 2025. Please take note of the trading arrangements during the holiday period.SG Local NewsGE2025: Parties Unveil Slew of New Faces over the WeekendPolitical parties were busy over the weekend announcing new faces in their teams, ahead of the next general election that is widely expected to take place before the middle of the year.At various events on Saturday (Mar 29) and Sunday, the ruling People’s Action Party (PAP) introduced a number of new candidates.The opposition Singapore Democratic Party (SDP) also announced its intention to contest in Marsiling-Yew Tee GRC, which is currently helmed by Prime Minister Lawrence Wong.Singapore Companies in Myanmar, Thailand Largely Unaffected by EarthquakeComp

The President of Keppel, Lu Zhenhua, received a salary of 9.01 million yuan last year, which is the same as in 2023.Keppel released its 2024 annual report on Friday (March 28), showing that nearly half of Lu Zhenhua's compensation last year came from stock awards. He received stock awards of 4.45 million yuan under the performance share plan and restricted stock plan, a decrease of 11% from 2023.His fixed salary and performance-related cash bonus were 1.29 million yuan and 3.27 million yuan respectively, up 3% and 20% from 2023.According to Keppel's full-year results released in February, due to the losses incurred by the legacy assets of the Offshore & Marine business (O&M) and terminated businesses, Keppel's net profit for the fiscal year 2024 declined by 77% year-on-year to 940

Mark Yeo, the non-executive independent director of Keppel Infrastructure Trust Management (KIT's trustee-manager), will retire following the upcoming annual general meeting on April 15. The trust said in an exchange filing on Friday that Yeo, aged 62, will also resign from his positions as chairman of the audit and risk committee and member of the nomination and remuneration committee. Adrian Chan, aged 60, will succeed him as chairman of the audit and risk committee. KIT units closed flat on Thursday at S$0.42. $(A7RU.SI)$

Sembcorp Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries, has signed a 25-year renewable energy purchase agreement with Malkoha, a subsidiary of Meta Platforms. Sembcorp will construct, own, and operate a floating solar photovoltaic system with a peak capacity of approximately 150 megawatts at the Kranji Reservoir to support Meta's operations. The construction of the floating solar farm is slated to commence in the first half of 2027. Sembcorp's share price closed down 0.5% or 0.03 Singapore dollars at 6.37 Singapore dollars on Thursday. $(U96.SI)$

After steering DBS Bank for 15 years, its CEO Piyush Gupta is set to retire and hand over power to his successor Tan Su Shan.He will step down at the end of the bank's 26th annual general meeting on Friday (March 28).Under his leadership, DBS Bank has undergone digital transformation, improved its technology architecture from back-end systems to customer interfaces, and implemented structural changes.Since 2009, under his leadership and as of the close on March 27, the bank's share price has risen nearly 270% to S$46.58.In 2024, DBS Bank's return on equity more than doubled to 18%, compared to about 8% to 9% when he first took office. $(D05.SI)$

Singapore Telecommunications' technology services arm NCS is expanding its business in the Asia-Pacific region by forming a joint venture with Globe Telecom in the Philippines.The technology company announced on Thursday (March 27) that its wholly-owned subsidiary NCSI Holdings has acquired a majority stake in Globe's Philippine IT unit Yondu. The company said in a statement that this move will enable customers to better access digital, cloud, data and artificial intelligence services.NCSI Holdings will acquire a 51% stake in Yondu for a total net consideration of 134 million Philippine pesos (S$3 million), net of Yondu's acquisition of existing NCS subsidiary NCSI Philippines for 818 million pesos.After the transaction is completed, the company's value will reach approximately 1.9 billion

After American pop star Lady Gaga announced that Singapore would be the only stop in Asia for her current tour, the demand for flights and hotels on booking platforms surged.The singer will hold four performances at the National Stadium on May 18, 19, 21 and 24. Her last performance in Singapore was in 2021, when she performed for three nights at the Singapore Indoor Stadium.According to Kallang Alive Sport Management, a sports center management company that is cooperating with the organizer Live Nation to hold the concerts, it is expected that 200,000 local and international fans will attend the concerts.Edmund Ong, General Manager of Trip.com Singapore, said that the hotel bookings for the concert week have already increased threefold compared with the same period last year, and most of

After the market closed on Wednesday, the management company of Keppel Infrastructure Trust announced that there are significant differences between the audited and unaudited financial statements of the trust for the fiscal year 2024. After auditing, the profit attributable to unit holders of the trust has changed from the original 28.28 million yuan to 61.47 million yuan; the earnings per unit for unit holders has changed from the original 0.49 cent to 1.06 cent. $(A7RU.SI)$

ST Engineering achieved a record high net profit last year, and the compensation of its President and CEO, Zhong Sifeng, also surged significantly for the past fiscal year. His cash salary increased by 18% from 3,946,794 yuan in 2023 to 4,662,403 yuan.According to the annual report for the fiscal year 2024 released by ST Engineering on Wednesday (March 26), of the 4,662,403 yuan in cash compensation received by Zhong Sifeng last year, the variable cash award accounted for the largest portion, with a proportion of 70.9%, while the rest was salary and benefits.In addition to cash compensation, Zhong Sifeng also receives stock awards. For the stock compensation, the shares allocated will be evaluated based on one - to six - year performance targets, and the vested shares will ultimately depen

Frasers Centrepoint Trust has successfully completed a private placement of new units worth S$220 million, attracting strong market demand with an oversubscription rate of approximately four times. $Frasers Cpt Tr(J69U.SI)$ Management announced before the market opened on Wednesday (March 26) that there was strong subscription demand from both new and existing institutional, qualified and other investors, leading to an increase in the size of the private placement from S$200 million to S$220 million.The issue price of the new units in the private placement is S$2.090 per unit, which is 2.9% lower than the adjusted volume weighted average price (Adjusted VWAP) of S$2.1521. The new units from the private placement are expected to be issued around