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AsiaOne
42 minutes ago
- AsiaOne
Malaysian authorities searching for Singapore driver who filled container with subsidised fuel, Singapore News
Malaysian authorities have launched an investigation into a Singapore-registered car after its driver was spotted filling a tank of subsidised Ron95 petrol at a petrol station in Johor Bahru. The incident occurred at Caltex Nusa Sentral, located in the Iskandar Puteri township, on Sunday (Aug 3) at around 6.30pm, according to a post on the SG Road Vigilante Facebook page. Photos showed a blue Mini Cooper, with a Singapore-registered licence plate, and a driver filling up a plastic container with Ron95 petrol. Ron95 is subsidised petrol that is available for sale only to Malaysian-registered vehicles. Foreign-registered vehicles are prohibited from purchasing Ron95 fuel and are only permitted to purchase Ron97, which is not subsidised. Lilis Saslinda Pornomo, director of the Johor Domestic Trade and Cost of Living Ministry (KPDN), said that the ministry is aware of the incident and has opened an investigation. "A thorough investigation is being conducted to identify the location of the station involved and determine whether there has been a breach of existing regulations," she told the New Straits Times. The ban on the sale of RON95 petrol to foreign-registered vehicles remains in force, said Lilis Saslinda. "If the investigation confirms any offence, appropriate action will be taken against the parties involved, including the petrol station operator if found to be negligent or complicit," she said, reminding petrol station operators to adhere to government guidelines. [[nid:713993]]
CNA
42 minutes ago
- CNA
Singapore raises building height limits near airports following review
SINGAPORE: Buildings near airports in Singapore can now be built taller - potentially by up to 15 storeys for residential developments, and up to nine storeys for industrial or commercial buildings - following a review of height restrictions. The Civil Aviation Authority of Singapore (CAAS) said on Tuesday (Aug 5) that it has updated its rules in line with international guidelines on how tall buildings and structures can be near airports. In May, then-Minister for Transport Chee Hong Tat said that CAAS had been working with the International Civil Aviation Organization (ICAO) to explore freeing up airspace around airports for developments. The authority noted that this was the first time ICAO had reviewed its height restriction standards since the 1950s. "The revised regulations will enable aircraft operations in Singapore to be safeguarded with more precision according to the specific type of operations at each airport and free up more airspace surrounding airports in Singapore for development," CAAS said on Tuesday. "Specifically, this will present opportunities for building height limits and development intensity to be raised in some parts of Singapore." CAAS added that government agencies are still studying how tall and dense future developments near airports can be, taking into account infrastructure capacity and the need to preserve a quality urban living environment. The revised limits stem from a review conducted by an international task force, established in 2015 and chaired by CAAS since 2017. In its review, the task force took a data-driven approach, considering factors such as advancements in aircraft electronic systems and air navigation technology, with input from industry stakeholders and technical panels. Said CAAS director-general Han Kok Juan: "Singapore is honoured to contribute to this major review, including through our chairmanship of the international taskforce. "It will support developments and benefit many countries around the world, including for land-scarce Singapore. This effort underscores the value of collaboration through multilateral institutions and the ability of Singapore and Singaporeans to make meaningful contributions." CAAS said that one of the key updates is the introduction of surface classifications around airport runways: Obstacle-Free Surfaces (OFS) and Obstacle Evaluation Surfaces (OES). OFS are surfaces near the runway that are crucial for safe landings, while OES are surfaces designed to safeguard specific flight paths and procedures used at the runway. The previous model was a "one-size-fits-all" approach that often required more airspace to be reserved for aviation operations. This new classification, however, allows airports to apply rules that match their specific flight operations, noted CAAS. Mr Chee said in May that the change will support further land intensification, which he described as important because of the scarcity of land in Singapore.
Business Times
an hour ago
- Business Times
These are the 10 top-performing ETFs on SGX; Reit ETF AUM hits new high of S$1.2 billion
[SINGAPORE] Exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX) have recorded net inflows of S$700 million in the first half of this year, according to the local bourse's ETF Market Highlights report for H1 2025. This is supported by S$1.2 billion in net creations across 22 ETFs, alongside S$500 million in net redemptions from 13 ETFs. As at June 2025, Singapore's ETF market comprised 47 listings with total assets under management (AUM) reaching S$14.3 billion, up 32 per cent year on year. Equity and gold ETFs led the growth, with turnover increasing by 69 per cent and 62 per cent respectively. Retail segment turnover also saw strong momentum, climbing 67 per cent year on year. Inflows for Singapore-focused ETFs stood at S$568 million, driven by declining Singapore dollar rates and robust market momentum. In particular, the combined AUM of the SPDR Straits Times Index ETF and Nikko AM Singapore STI ETF hit a record high of S$2.8 billion in June 2025. Here are the top 10 SGX-listed ETFs in terms of total returns for H1 2025. As a gauge, the S&P 500 is up more than 8 per cent this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 1. SPDR Gold Shares The SPDR Gold Shares ETF tracks the performance of gold bullion, with its underlying index being LBMA Gold Price PM. As such, it provides investors with direct exposure to gold prices without the need to hold physical metal. Its return rate was the highest among all SGX-listed ETFs for the half year at 17 per cent. With growing geopolitical uncertainties and robust safe-haven demand, the ETF saw record inflows and AUM, as holdings surged 75 per cent year on year to reach S$2.4 billion in June 2025. 2. Phillip SING Income ETF The top Singapore equity ETF for H1 of this year offers exposure to 30 high-yielding SGX-listed stocks screened for quality and financial health. Its interest is in income-focused strategies and has a dividend yield of 3.6 per cent. It tracks the Morningstar Singapore Yield Focus Index and saw a return of 11.9 per cent for the half year and nearly 26 per cent for the full year. 3. Lion-Nomura Japan Active ETF (Powered by AI) An actively managed ETF using artificial intelligence (AI)-driven models to select constituents from Japan's Tokyo Stock Price Index, its returns for the first half of this year was at 11.7 per cent. Its total returns for one year stood at 13.8 per cent. The Lion-Nomura Japan Active ETF is the second best performing equity ETF on SGX for the half year. 4. Lion-OCBC Securities Hang Seng Tech ETF The ETF tracks the Hang Seng Tech Index, and provides exposure to 30 of the largest Chinese tech firms listed in Hong Kong, such as Tencent, Alibaba, and Meituan. Its H1 2025 return stood at 10.4 per cent. The Lion-OCBC Securities Hang Seng Tech ETF continued to perform well amid China's stimulus efforts and optimism on AI-related technologies despite broader macro challenges. Its top three sectors are consumer discretionary, communications and information technology, with its AUM standing at S$378 million as at May 2025. 5. Lion-OCBC Securities APAC Financials Dividend Plus ETF This ETF tracks top dividend-paying financial stocks across Apac via the iEdge APAC Financials Dividend Plus Index, with a 9.9 per cent return recorded for the period. It is able to offer stable income and quality exposure to the region's banking and insurance sectors, and benefits from regional rate cut expectations. The Lion-OCBC Securities APAC Financials Dividend Plus ETF is the fourth top-performing equity SGX-listed ETF for the half year. 6. Xtrackers FTSE Vietnam Swap UCITS ETF This ETF offers exposure to Vietnam's equity market, which made gains on manufacturing recovery and foreign direct investment inflows. It tracks the FTSE Vietnam Index, and benefits from Vietnam's export-driven growth and regional supply chain shifts. For H1 2025, its returns stood at 9.9 per cent. It is the fifth top-performing equity SGX-listed ETF for the half year. 7. CGS-Fullgoal Vietnam 30 Sector Capped ETF The CGS-Fullgoal Vietnam 30 Sector Capped ETF tracks 30 of Vietnam's top-performing sectors with caps to prevent over-concentration. It gives investors balanced exposure across financials, industrials, and consumer sectors – key growth drivers in the country's economy. The ETF's underlying index is the SGX iEdge Vietnam 30 Index, and recorded a H1 2025 return of 9.7 per cent. 8. Xtrackers MSCI Singapore UCITS ETF The ETF benefited from the recovery in property and banking stocks, and Singapore dollar-focused investor sentiment amid falling local rates. It provides exposure to large-, mid-, and small-cap Singapore companies by tracking the MSCI Singapore Investable Market Total Return Net Index, with a first half of 2025 return rate of 9.7 per cent. 9. UOB APAC Green REIT ETF Focused on high-yield real estate investment trusts (Reits) across Apac with strong ESG credentials, the UOB APAC Green Reit ETF achieved the best half year performance among the five Reit ETFs listed on the SGX. It tracks the iEdge-UOB APAC Yield Focus Green Reit Index, with half year returns at 9.3 per cent. The ETF recorded the highest returns among SGX's sustainability-linked ETFs as well for H1 of this year. 10. Xtrackers MSCI China UCITS ETF This ETF offers broad exposure to Chinese equities including tech, financials, and consumer names, as its underlying index is the MSCI China TR Net Daily USD Index. For the half year, its returns stood at 8.9 per cent. It tracks the performance of large and mid-cap Chinese companies across A Shares, H Shares, B Shares, Red Chips, P Chips and foreign listings. Reit ETFs see new AUM all-time high; S-Reits record strong distribution yield Amid the current murky geopolitical and global trade climate, SGX-listed Reit ETFs displayed strength in the first half, with S-Reit ETFs offering highest returns in June. S-Reit ETFs also have the highest gross dividend indicated yields of up to 6 per cent now. The AUM value of Reit ETFs achieved a new record of nearly S$1.2 billion, surpassing the last high in September 2024 of around S$1 billion. UOB APAC Green Reit ETF recorded the top half-year returns level of 9.3 per cent followed by Phillip APAC Div Reit ETF whose H1 return rate stood at 7.5 per cent. It achieved 4.4 per cent returns in Q2, beating its peers in total returns over a 3- month period. CSOP iEdge S-Reit ETF was the best performer for the month of June, returning 4.7 per cent. The five Reit ETFs pay out an average dividend of close to 5.2 per cent, with the CSOP iEdge S-Reit ETF's 12-month gross yield at about 6 per cent. According to SGX data in June, retail investors were the net buyers of S-Reits, as the sector received a total net retail inflow of around S$400 million as at Jun 26, 2025. The report noted that investor interest in S-Reits has been 'reignited' in the first half of this year, as reflected in strong total inflows of S$155 million in H1 2025.
