SG Morning Highlights | Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor

Advancers / Decliners is 107 to 106, with 244.41 million securities worth S$641.52 million changing hands.

Singapore's frozen food manufacturers are feeling the squeeze from soaring electricity costs, as some report that their bills have doubled, or even tripled, in the past year alone.

Some members of the Singapore Manufacturing Federation have reported current utility bills that are up to 100 per cent higher than in 2021 and 2022, and are concerned that costs could keep climbing in the months ahead, said president Lennon Tan in response to queries from The Business Times.

NEW guidelines that Singapore is developing for the valuation of intangible assets (IAs) should bring clarity to what is currently a grey area, and boost the Republic's status as an intellectual property (IP) hub, said industry players and analysts.

Guan Dian, co-founder of patent analytics company PatSnap, said: "(The guidelines) will encourage more companies and investors to invest in Singapore's IP ecosystem, creating more opportunities for collaboration and growth."

The Business Times reported on Sunday (Jun 25) that new IA valuation guidelines may be in the pipeline, based on tender documents on government portal Gebiz.

The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday.

In a bourse filing, the group said it expects the ORSO e-pension services to make a material positive contribution to revenues and profitability of iFast's Hong Kong business from the first quarter of 2025.

The new solution will allow users to perform functions such as enrolment, termination, contribution and withdrawal, relating to their pension schemes through an online platform accessible via the web or through a mobile app.

In a bourse filing on Wednesday (June 28), Cortina said that the group was given the exclusive right to distribute, promote and sell watches, accessories and spare parts bearing the "Franck Muller" and "Franck Muller Geneve" trademarks in Hong Kong, Macau, Taiwan and mainland China by GFM Watchland.

The company understands that GFM has been granted the sole mandate for the worldwide distribution rights for Franck Muller watches and has the right to mandate sub-distributors like itself.