Singapore Business Review - Issue 104

In this issue

Millennials, particularly from the Asia-Pacific region, are emerging as a transformative force in the art market, with data revealing their growing significance as buyers at renowned auction houses like Christie’s, Sotheby’s, and Phillips. Learn more about the evolving tastes and economic power of a new generation on page 26.

ERA to reshape the future of APAC real estate with Al PropTech

The real estate agency is poised to make waves with its all-in-one app with Al integration.

3 mins

MoH's Healthier SG lowers hospitals' load and cuts spending

With the establishment of ambulatory care centres, some of Singapore’s big hospitals resolved their overwhelmed capacity.

2 mins

Savills warns of higher cost of doing business in SG due to ABSD rate hike

The government’s move to increase the Additional Buyer Stamp Duty (ABSD) for purchasing property may create friction in the smooth functioning economy of Singapore, an industry expert at Savills has warned.

2 mins

Continual innovation in hospitality key to adapting amidst ever-changing guest types

Far East Hospitality CEO Arthur Kiong answers questions on leading a resilient company amidst challenges in the hospitality industry.

2 mins

Companies need an eco-overhaul to sidestep greenwashing perils-analysts

With green washing threats on the rise, experts outline four key board responsibilities to firmly anchor sustainability in business values.

3 mins

Exploring the Progressive Impact of Pantai Hospital Kuala Lumpur

A Look Back at the Hospital’s Performance of Excellence.

3 mins

Developers face new requirements as gov't safeguards property market from AML/TF

The new anti-money laundering and terrorism financing requirements will take effect on 28 June.

3 mins

Here are Al strategies that complement, not replace, human expertise

Generative Al can be used as a chatbot and trainer for store managers, and businesses that do not have the tech will fall behind, e-commerce specialists said.

3 mins

Pilon innovates to bridge cash flow gaps in businesses

Through the platform’s app Pilon Plus, it enables immediate payment for suppliers and extended terms for buyers.

3 mins

More companies go for bigger collaborative spaces in post-pandemic offices

ISG Singapore, JLL Asia Pacific weigh in on fit-out trends, costs and near-future challenges.

2 mins

Competing construction firms unite to meet industry's towering demand

The sector is expected to grow by 2.1% to $36b in 2023.

2 mins

Digitalisation, decarbonisation drive M&A deals in APAC

Technology, and media and telecom (TMT) was the busiest sector in the Asia Pacific region by volume with 622 deals.

3 mins

Ohmyhome eyes sector and market expansion post-Nasdaq debut

CEO Rhonda Wong brings properties vision ‘to be there for everyone’ from Singapore to the world.

3 mins

How GAR's golden strategy shields agribusiness from global supply chain chaos

GAR utilises shipping partnerships and expanded logistics to mitigate supply chain disruptions.

3 mins

Auction houses in Asia-Pacific thrive on millennials' art-buying power

Young collectors are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs in Hong Kong and Singapore.

8 mins

OCBC extends $3.5b in Eco-Care Loans

With 1 in 5 of its home, renovation, and car loans now green, the Singaporean bank targets 10% growth in environment-friendly credit by March 2024.

3 mins

Singapore banks champion employee well-being, upskilling

Singapore Business Review’s new ranking of Singapore banks reflects top notchers' steady growth and adaptability to changing landscape.

5 mins

SG banks strong and stable despite uncertain AT-1 issuance market - experts

Singapore banks may face higher funding costs as lenders could demand higher risk premiums on AT-1 papers.

3 mins

Embracing the HP Way: HP's future-ready plan for innovation and growth

Our culture: The HP Way Bill Hewlett and Dave Packard created more than an audio oscillator in that Palo Alto garage.

3 mins

Digital banks have arrived but what does this mean for Singapore consumers?

Singapore's banking sector is unique in the region. It is well-developed and the existing banks have invested heavily to build digital versions of their extensive product offerings and traditional services.

3 mins

HOYA dominates mask blank market, expands production to meet growing demand

Geoffrey Akiki talks about optical and extreme ultraviolet (EUV) lithography as well as mask blanks.

3 mins

Adding convenience to your cup of coffee

Starbucks Coffee Singapore wins this year’s SBR Technology Excellence Awards.

2 mins

AIA Singapore nurtures sustainability and community wellbeing through CSR initiatives

AIA Singapore's commitment to sustainability and corporate social responsibility extends beyond the Green Pledge, encompassing initiatives like the AIA Better Lives Fund and engaging the community through football.

5 mins

Safeguard your future with India International Insurance Pte Limited

The insurer shined at SBR National Business Awards in the General Insurance category.

2 mins

SAESL wins SBR National Business Award for safety-driven initiative

SAESL has won the SBR National Business Award for its safety-driven initiative, the Behavioural Based Safety (BBS) programme.

2 mins

Multi-language approach expands horizons on Vividthree's ComicVid

By prioritising user engagement and understanding diverse preferences, Vividthree aims to revolutionise the comic entertainment industry.

5 mins

How digital transformation and supply chain automation is helping businesses navigate disruption

Dematic offers intelligent, automated solutions to drive competitiveness and adaptability.

3 mins

Y-SG Pte Ltd wins SBR National Business Award for Innovative Strategies with YSG Marketplace

The company received the Logistics - E-Commerce award for its groundbreaking digital transformation strategies, revolutionising the industry with innovative solutions, and propelling businesses into the future.

3 mins

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Singapore Business Review Magazine Description:

Singapore Business Review (SBR) Magazine is a quarterly business magazine published by Charlton Media Group. It was launched in 2001 and is the only local business magazine in Singapore guaranteed to reach senior decision makers in the top 1,700 companies with combined sales of S$692 billion and 94% of listed companies.

SBR is known for its in-depth coverage of the Singaporean business landscape, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

* Industry trends and analysis
* Company profiles and interviews with CEOs
* Government policies and regulations
* Technology and innovation
* Finance and markets
* Leadership and management
* Sustainability and social responsibility

SBR is a must-read for anyone who wants to stay informed about the latest trends and developments in the Singaporean business world. It is also a valuable resource for anyone who wants to understand the challenges and opportunities facing businesses in Singapore.