Headline News In 60 Seconds Daily 2026-02-04T08:02:15.770Z

• 🏠 Mortgagee Sales Surge 81%: Auction Volume Reaches 4-Year High In Singapore on December 2023, mortgagee sales increased by 81% year-on-year, with auction volume reaching a four-year peak. Notably, Colliers represented a significant number of the 204 properties auctioned, maximizing recovery for financial institutions.
• 💻 Budget 2026: Singapore Shifts to Tech Amid Labor Challenges Singapore's Budget 2026, announced by Finance Minister Lawrence Wong on February 27, 2026, allocates S$4 billion to digital innovation. This move addresses labor shortages and aims to sustain economic growth.
• 🐎 Singapore Equities Expected to Surge as 'Year of the Fire Horse' Brings Opportunities: Says Fengshui Master In a January 2026 forecast, Singapore fengshui master John Chiu predicts a bullish year for the Singapore equities market driven by the auspicious 'Year of the Fire Horse,' starting February 17, 2026.
• 💸 Private Credit Expansion: Australia's IFM Enters Singapore's Growing Market Australia's IFM Investors is joining an expanding list of firms in Singapore's private credit market, seeing significant growth. In 2023, the market is benefiting from Singapore's strong regulatory environment and financial ecosystem.
• 🌐 Singapore-EU Digital Trade Revolution: Landmark Agreement Boosts Tech and Data Exchanges The EU-Singapore Digital Partnership took effect on 6 July 2023, enhancing cross-border data flow and digital trade. This agreement, signed by Singapore’s Minister for Communications and Information Josephine Teo and EU Commissioner for Internal Market Thierry Breton, fosters innovation and economic growth through secure exchanges.
• 🌐 Singapore Initiates EU's Largest Digital Pact: Historic Agreement with 27 Countries On 1st December 2023, Singapore and the EU activated the largest bilateral digital trade pact covering all 27 member states. Minister S. Iswaran emphasized the promotion of seamless cross-border data flows, regulatory cooperation, and digital economy growth.
• 🏢 Beyond Blue Chips: Top 3 Singapore REITs to Monitor in February The article highlights CapitaLand Integrated Commercial Trust, Frasers Centrepoint Trust, and Mapletree Commercial Trust as key Singapore REITs to watch in February 2023, with potential for recovery amidst the emerging economic landscape in Southeast Asia.
• 🏢 Singapore Real Estate Watch: Three Prominent REITs to Observe This February Keppel DC REIT, Lendlease Global Commercial REIT, and ESR-REIT are top Singapore REITs to watch in February 2023. These companies offer diversified portfolios, strong financial positions, and growth prospects despite economic uncertainties.
• ✈️ China Showcases J-35A, J-10CE Fighters at Singapore Airshow, Expert Predicts Strong Market Appeal The article from Global Times, published on February 6, 2023, discusses China unveiling its advanced J-35A and J-10CE fighter jets at the Singapore Airshow. Military expert Song Zhongping highlighted their advanced technology and competitive pricing, suggesting these jets could attract buyers globally, particularly in developing countries looking for cost-effective defense solutions.
• 🛂 Smuggling Bust at Border: Malaysian driver, Koh Min Xiang, caught with unpaid cigarettes worth over $380,000 at Woodlands Checkpoint on October 24, 2023; concealed packs found in van furniture compartments.
• 🎮 PGL Major Singapore 2026: Ticket Sales Begin for Esports Spectacle Ticket sales for the PGL Major Singapore 2026, organized by PGL Esports, will commence on March 15, 2026. The event, scheduled for July 5-17 at Singapore Indoor Stadium, anticipates a global audience.
• ✈️ Aviation and Aerospace: Twin Engines of Growth in Singapore Singapore's Deputy Prime Minister Gan Kim Yong emphasized aviation and aerospace as key sectors driving economic growth. Edmund Chen will appeal his jail sentence for careless driving. The live news update highlighted these developments on October 5, 2023.
• ✈️ Singapore and France Launch Specialized Training for Pacific Aviation Officials On 25th October 2023, Singapore and France initiated a specialized training program targeting Pacific aviation officials. The collaborative effort aims to enhance aviation safety standards across Pacific countries, focusing on crucial areas like air traffic management and regulatory compliance.
• 💼 Singapore Legal Expansion: Herbert Smith Adds Project Finance Partner in Singapore Herbert Smith Freehills has recruited banking expert Adrian Cheng as a partner in Singapore, effective August 2023. Cheng, formerly with Shearman & Sterling, strengthens the firm’s finance capabilities in Asia.
• 🔒 Singapore's Prison Service Welcomes New Leadership: Female Commissioner Appointed Shie Yong Lee was appointed as the first female commissioner of the Singapore Prison Service on October 3, 2023, succeeding Desmond Chin. Shie Yong Lee will also assume a leadership role in the Ministry of Home Affairs, marking a historical milestone in her 30-year career within the ministry. Her appointment emphasizes the progression of female leadership in Singapore's public sector.
• 🌟 Singapore's Tourism Boom: Record Receipts in 2025 Singapore’s tourism receipts surged to an unprecedented S$28 billion by September 2025, as reported by the Singapore Tourism Board. The surge was driven by increased visitor spending on accommodation, dining, and shopping.
• 🌆 Singapore's Tourism Revenue Boom: Record Receipts Expected in 2026 Amid Slower Arrival Growth Singapore Tourism Board projects a record high of S$27 billion in tourism receipts by 2026. Despite a slower annual increase in visitor arrivals, spending per tourist is expected to rise, driving revenue growth.
• 🚖 Grab Apologizes After Viral Sexual Harassment Allegations; Edmund Chen to Appeal Jail Sentence: Singapore Live News On October 2, 2023, Grab issued an apology following sexual harassment claims by a Johor passenger. Concurrently, Edmund Chen, sentenced for careless driving, plans to appeal his jail sentence.
• 🛑 Singapore Halts NRIC Banking Authentications: Move Aims to Tackle Rising Identity Fraud Cases 🛑 Singapore Halts NRIC Banking Authentications: Move Aims to Tackle Rising Identity Fraud Cases The Singapore government announced on 5th October 2023 its decision to prohibit using the NRIC for banking authentications. DBS Bank, OCBC, and UOB were urged by the Monetary Authority of Singapore to implement alternative security measures by 1st January 2024, following multiple identity fraud incidents.
• 🏃‍♂️ LumiHealth Programme Termination: Singapore’s health initiative to conclude on May 31, impacting users with $13 million worth of earned rewards. Launched in October 2020, the Apple and Health Promotion Board of Singapore's LumiHealth programme, designed to incentivize Singaporeans to adopt healthier lifestyles using the Apple Watch, will end on May 31, 2024. Participants are encouraged to redeem rewards by August 31, 2024.

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