News about Singapore

KUALA LUMPUR (May 29): IOI Properties Group Bhd (KL:IOIPG) posted a more than threefold jump in its third-quarter net profit, driven by the consolidation of its Singapore assets and a RM130 million land sale in Melaka, as well as broad operational improvements across all its business segments.

PETALING JAYA (May 29): Eversendai Corp Bhd has secured four engineering and construction contracts in Singapore and India worth about RM400 million, lifting its outstanding order book to around RM2.

KUALA LUMPUR (May 25): Malaysia, particularly Johor, has positioned itself as a cost-efficient alternative to Singapore for data centre investments, owing to its relatively abundant land, availability of power infrastructure, and attractive investment incentives.

JOHOR BAHRU (May 8): The series of technical negotiations between Malaysia and Singapore to coordinate the standard operating procedures (SOPs) for the co-located facilities at the Bukit Chagar Customs, Immigration and Quarantine (CIQ) Complex for the Johor Bahru-Singapore Rapid Transit System (RTS) Link project is ongoing and progressing smoothly.

KUALA LUMPUR (April 24): Johor’s proximity to Singapore continues to drive data centre investments into the state, even as rising operating costs narrow its cost advantage, said S&P Global Ratings corporate ratings director Ng Yijing.

KUALA LUMPUR (April 20): UOB Malaysia on Monday rolled out new investment and talent development initiatives to support the Johor-Singapore Special Economic Zone (JS-SEZ).

This article appeared in the April 9, 2026 issue of the monthly print edition.

PETALING JAYA (April 20): IOI Properties Group Bhd (IOI Properties) last Friday announced that it will acquire CapitaLand Integrated Commercial Trust’s (CICT) 100% interest in Asia Square Tower 2 (AST2), a premium Grade A office asset located in the heart of Singapore’s Marina Bay financial district, for an agreed property value of S$2.

KUALA LUMPUR (April 15): Malaysia and Singapore will continue to expedite the implementation of the Johor-Singapore Special Economic Zone (JS-SEZ), including exploring cooperation in green technologies through carbon capture, utilisation and storage (CCUS).

KUALA LUMPUR (April 15): IOI Properties Group Bhd (KL:IOIPG) extended its rally to new highs on Wednesday as investors kept piling into bets of potential asset spin-offs by the property developer.