News

Singapore news digest (4 - 8 August)

The Straits Times and Uniqlo launch design contest for Singapore stories T-shirt collection.

To celebrate 180th anniversary, The Straits Times partnered with Uniqlo to launch a new project: 3 types of T-shirts with thematic prints about Singapore's history. The designs will be selected through an open competition. Submissions, which must be original artworks, are open till 11.59pm on Sept 7. Three winners will be announced in November.

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DBS shares jump 2.5% and cross S$50 mark.

On Friday morning, the stock peaked at S$50.98 by 9:12 am, rising S$1.23 (2.5%) with nearly two million shares traded. This followed Thursday’s record high of S$50, though it later dipped to close at S$49.75.
By Friday’s close, the stock settled at S$50.74, marking a 2% gain (S$0.99) with 7.7 million shares exchanged—its first close above the S$50 threshold.
Since the end of 2024, when it closed at S$43.72, the stock has surged over 16% year-to-date.

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SATS has launched a new air cargo handling facility at Changi Airport, which is expected to cut minimum processing time for shipments by 20 per cent.

The Bulk Unitisation Programme (BUP) Handling Centre, which launched on Tuesday (Aug 5), is the world’s first facility specialized in handling pre-assembled cargo units. These BUPs are consolidated packages prepared by freight forwarders or shippers and delivered to SATS for direct flight loading.
The new center features an integrated weighing station and processing booth, cutting processing time from 10–15 minutes down to 5–8 minutes. Additionally, the number of weighing scales has been expanded from one per site to six, further streamlining operations. As a result, companies can now submit their cargo just two hours before departure, compared to the previous 2.5-hour requirement.

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BlueSG will wind down its current operations and upgrade its platform.

Electric car-sharing firm BlueSG is undergoing a major platform upgrade to meet evolving shared mobility needs in Singapore, including a refreshed fleet and expanded network. The upgrade follows a "technical migration" and subscriber growth from 140,000 to over 250,000 since Goldbell acquired BlueSG in 2021.

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A new large store for tourists and travelers, The Planet Traveller, has opened at ION Orchard, offering over 6,000 travel-related items.

The Planet Traveller has opened its new store at ION Orchard, now claiming the title of Asia’s largest travel and lifestyle retail outlet. Spanning 10,000 sq ft, the store offers over 6,000 products, including luggage, tech gadgets, and adventure gear. As part of its opening celebrations, The Planet Traveller at Ion Orchard is having a slew of promotions, including 20 percent off storewide and limited bundles till August 10, 2025. Selected items are also currently going for up to 50 percent off.

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