The Business Times
Renald Yeo

Renald Yeo

JOURNALIST

Renald writes about banks for The Business Times. Before that, he tracked macroeconomic trends and SME struggles.

emailyrenald@sph.com.sg
In time, APBS' brewery in Tuas (above) will be redeveloped to support regional logistics and innovation activities, including a pilot brewery.

APBS to wind down Singapore brewery, move production to Malaysia and Vietnam

As part of the transition, about 130 staff will be laid off over the next two years

APBS operates a brewery in Tuas, along Jalan Ahmad Ibrahim (pictured).

Tiger Beer maker APBS to cut 130 roles in Singapore over two years, amid brewing scale-down

It is working with FDAWU to provide support to affected employees

Since the US and Israel struck targets in Iran on Feb 28, what some had expected to be a short-lived conflict has broadened across the Gulf region as Teheran retaliated.

ST Engineering, Asian defence peers rally as Middle East conflict deepens, but war not seen as a spending catalyst

Analysts say long-term growth drivers, such as Europe’s rearmament push, are a bigger factor

Across the broader market, losers edge out gainers 297 to 295.

Singapore stocks slip on Friday as oil volatility weighs; STI down 0.4%

The iEdge Singapore Next 50 Index declines 0.9% to 1,464.78

This toolkit was developed collaboratively by a consortium of 24 banks, insurance companies, capital market firms, and other industry partners.

MAS launches AI risk toolkit for financial institutions with case studies from DBS, peers

Singapore’s central bank will also set up an artificial intelligence risk management workgroup

60% of UOB deputy chairman and CEO Wee Ee Cheong's variable pay is deferred and will vest over the next three years.

UOB CEO Wee Ee Cheong’s FY2025 pay down 20% at S$12 million, in line with profit drop

It is primarily made up of S$1.4 million in base salary and S$10.6 million in bonuses

Across the broader market, gainers outnumber losers 431 to 200, after 1.7 billion securities worth S$2.2 billion change hands.

Singapore’s benchmark index closes above 5,000 for first time in three weeks

The iEdge Singapore Next 50 Index is up 0.9% at 1,457.76

Banks power Singapore stocks higher on Tuesday; STI up 1.4%

Banks power Singapore stocks higher on Tuesday; STI up 1.4%

The iEdge Singapore Next 50 Index advances 0.6% to 1,445.35

Firms pay differing levy rates depending on their dependency ratio utilisation – the share of Work Permit holders in their workforce.

Work Permit levy hikes in 2028 could drive SMEs to automate, upskill workers: industry players

Among SMEs, these levy increases are likely to have a greater impact than other manpower-related changes unveiled in the recent Budget

Across the broader market, gainers outnumber losers 312 to 274.

Singapore stocks end higher on Monday as Middle East conflict enters third week; STI up 0.6%

The iEdge Singapore Next 50 Index, however, falls 0.5% to 1,436.05

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