singapore

With a new central clearing system and direct physical linkages to Shanghai, Hong Kong is overhauling its bullion infrastructure to cement its role as Asia's premier gold trading hub.

EQT’s mid-market fund will acquire the Melbourne-headquartered parking, enforcement and compliance technology provider, while Smartworks’ Singapore subsidiary has acquired Workstudio Spaces for an equity value of S$2.47 million.

Deutsche Bank is the latest firm to join Loco Singapore, Singapore’s over-the-counter gold clearing system, which will be ready by the end of 2026, with interbank trading being developed next year.

The Taiwan-listed fibre optic and data cable manufacturer will buy the Singapore-headquartered ICT business using cash and Citi financing to strengthen its data centre infrastructure capabilities amid surging AI demand.

The ChatGPT maker will commit more than $234m to support the city-state’s national AI strategy, alongside collaborations with Google and Nvidia; in addition, AMD is investing $10bn in Taiwan’s AI infrastructure and AI has boosted Lenovo's revenues.

The Singapore law firm is reorganising into four specialist verticals, betting that sector depth will win mandates as wealth conflicts, crypto cases and cross-border enforcements increase across Asia.

Advancing its portfolio rejuvenation strategy, CLAR is expanding its logistics and business space presence in Singapore while marking a strategic entry into the Japanese hyperscale data centre market with three DPU-accretive transactions.

Singapore-based Indran Thana is joining in June from UBS.

The logistics and real estate business, which has operations in Singapore and Japan, raised S$1.2bn on the main exchange but listed in a difficult week for equities amid war in the Middle East.