Singapore News / GE 2025
Singapore, EU have common grounds to forge deeper links, says Tan See Leng
Singapore sees opportunities to deepen collaboration with the European Union, such as in digital trade and the green economy, Minister for Manpower Tan See Leng told guests at the European Chamber of Commerce Singapore’s (EuroCham) annual general meeting.
Trump tariffs shake up Singapore’s manufacturing sector
In the weeks after crippling tariffs were unleashed by US President Donald Trump, American customers of Singapore-based Watson EP Industries asked the contract manufacturer to shift its production of consumer electronics from China and Vietnam to its Singapore factory. Singapore is among nations subject to a baseline 10 per cent tariff rate, which came into effect on April 5.
https://www.straitstimes.com/business/economy/trump-tariffs-shake-up-singapores-manufacturing-sector
GE2025: ‘Tempting proposals’ to manage cost of living will be made but not all are sound, says PM Wong
Voters may hear about many “tempting” and “appealing” proposals to manage cost-of-living pressures during the General Election, but Prime Minister Lawrence Wong on Tuesday (Apr 22) warned that not all of these are sound and could put public finances and the economy at risk. “If they weaken our public finances, the burden will fall on our children.
https://www.zaobao.com.sg/realtime/singapore/story20250422-6228314
GE2025: Five GRCs, two SMCs set for multi-cornered fights – highest number in over three decades
With less than a day to go before Nomination Day on Wednesday (Apr 23), up to seven constituencies appear headed for multi-cornered fights – down from more than a dozen just a week ago – as this General Election (GE) shapes up to be one of the most fiercely contested to date.
Nomination Day for Singapore’s general election
Prospective candidates for GE2025 will file their papers at nine nomination centres ahead of Polling Day on May 3.
https://www.straitstimes.com/live-singapore-election-nomination-day-2025
https://www.businesstimes.com.sg/singapore/ge2025-live-updates-nomination-day
Business News
ERA partners NTUC to strengthen real estate agents’ welfare and upskilling
Real estate company ERA on Tuesday (Apr 22) signed a memorandum of understanding with the Singapore Industrial and Services Employees’ Union (SISEU) to help its agents upskill.
CDL unit raises offer for M&C New Zealand to NZ$2.80 a share
City Developments Ltd’s (CDL) wholly owned subsidiary has increased its offer to buy the shares of Millennium & Copthorne Hotels New Zealand (MCK) that it does not already own to NZ$2.80 apiece.
https://www.businesstimes.com.sg/companies-markets/cdl-unit-raises-offer-mc-new-zealand-nz2-80-share
Keppel Reit Q1 distributable income falls 3.5% to S$48.4 million
Keppel Reit reported on Wednesday (Apr 23) that its distributable income from operations fell 3.5 per cent to S$48.4 million on the year in Q1 2025, from S$50.2 million previously.
https://www.zaobao.com.sg/realtime/singapore/story20250423-6229007
Paragon Reit unitholders give nod to privatisation offer
Unitholders of Paragon Real Estate Investment Trust (Reit) approved the scheme resolution proposed by Cuscaden Peak’s Times Properties to take the trust private. Its delisting is expected on Jun 6, subject to regulatory approval.
Sabana Reit unitholders vote against resolution to initiate price discovery process at EGM
A resolution tabled by some unitholders of Sabana Industrial Real Estate Investment Trust (Sabana Reit) aimed at initiating a price discovery process with a view to selling the Reit’s properties, failed to pass at an extraordinary general meeting (EGM) held by its manager on Tuesday (Apr 22).
https://www.zaobao.com.sg/realtime/singapore/story20250422-6226253
Global Economy / Real Estate News
IMF slashes global growth forecast, says downside risks dominate as Trump tariffs spark trade war
Trump says he has no intention of firing Fed chief Powell
US pushes Thailand to fix trade ‘issues’ as tariff talks delayed
WHO announces ‘significant’ layoffs amid US funding cuts
https://www.straitstimes.com/world/europe/who-announces-major-overhaul-layoffs-amid-us-funding-cuts
https://www.channelnewsasia.com/world/who-announces-significant-layoffs-amid-us-funding-cut-5082076
China’s export-led growth exposes economy to steeper tariff hit
IMF slashes China growth forecasts as trade war deepens
https://www.businesstimes.com.sg/international/imf-slashes-china-growth-forecasts-trade-war-deepens
Trump visa cuts and tariff hikes turn Chinese students away from American Dream
Dubai luxury property boom hits new record before tariff turmoil
https://www.businesstimes.com.sg/property/dubai-luxury-property-boom-hits-new-record-tariff-turmoil
21,000 Hongkongers vie for 329 new homes at 12-year-low prices at SHKP’s Sierra Sea
100% rent hike forces Prince Jewellery to leave Hong Kong’s Russell Street after 21 years
IMF cuts Japan’s growth forecast as Trump tariffs bite
https://www.channelnewsasia.com/business/imf-cuts-japans-growth-forecast-trump-tariffs-bite-5081216
Japan’s factory activity shrinks on tariff woes, services perk up: PMI
JPMorgan to expand San Francisco office in boost to downtown
Thai industrial sentiment drops in March, US tariffs a concern
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