Business
Mainboard IT distributor Multi-Chem closed 38.7% lower at S$2.66 on Friday after CPIB interviewed its CEO and COO, with two executive directors asked to post bail and surrender passports and phones.
Business
Singapore’s STI slipped just 0.08% to 5,656.11 on Friday, but STI constituent DFI Retail Group plunged 8.5% to US$3.12 while Hongkong Land led gainers and the three local banks finished mixed.
Business
Singapore-listed Grab will pay US$1.49 billion in cash for a controlling stake in Atome Financial across five ASEAN markets — but Phase 1 is not due until Q3 2027, and the remaining 40% rides a $2.0–$4.5 billion valuation band.
Business
Singapore’s OCBC renewed a 10-year strategic pact with China’s Bank of Ningbo, extending a two-decade partnership aimed at ASEAN–Greater China business, trade, and wealth flows after China–ASEAN trade topped US$1 trillion in 2025.
Business
Alphabet’s Waymo will roll out autonomous all-electric ride-hailing in Singapore by 2028 — its first Southeast Asia entry — with Jaguar I-PACE vehicles arriving in coming months and manual mapping runs in 2027 before a public launch.
