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Singapore factory output grows 13.8% in May as semiconductor production surges
SINGAPORE’S factory output in May beat analysts’ expectations to grow at a much faster clip on the back of a surge in semiconductor production, according to data from the Singapore Economic Development Board (EDB) on Friday (Jun 24).
Temasek-backed ShopBack raises US$80m led by Asia Partners
SHOPPING and rewards platform ShopBack said it has raised US$80 million in a Series F funding round led by growth investor Asia Partners, with participation from existing investor January Capital.
Giant Australia-to-Singapore solar project targets 2024 build
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THE Sun Cable project that aims to export solar power from Australia’s Outback to Singapore is targeting a final investment decision in early 2024 after winning new support.
GLOBALFOUNDRIES is set to create about 1,000 jobs, including new roles for technicians and engineers, with the semiconductor giant's new manufacturing plant here on track to be operational in 2023.
Boustead Projects acquires Bideford Road property at S$515m, below valuation
BOUSTEAD Projects has acquired an 18-storey freehold luxury mixed-used development along 28 and 30 Bideford Road through its 50 per cent-owned joint venture of the group’s wholly-owned subsidiary, BP-Real Estate Investment.
The STI today
STI up 0.6%, tracking rally in Asian equities
SINGAPORE stocks rose on Friday (Jun 24) as the authorities released an upbeat set of factory output results for May, which beat analysts’ expectations on the back of a surge in semiconductor production.
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