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Oil shock still painful for construction, but not as disruptive as Covid-19

Analysts say the spike in diesel and bitumen prices will not be as disruptive to the construction industry as the Covid-19 pandemic. Photo: Bloomberg

The war in Iran might have started as a geopolitical crisis but is being rapidly recognised for what it truly is: an energy crisis. While the state of peace negotiations swings between calm and violence, oil prices are oscillating just as wildly. On April 2, the price of dated Brent went above US$140 ($178), the highest since 2008. Although oil prices have started to come down amid peace talks between the US and Iran, it remains to be seen when exactly the conflict will come to an end. 

​​Construction renaissance in the Lion City

​​Construction renaissance in the Lion City - THE EDGE SINGAPORE

Missiles may rain in the Middle East, but that has not stopped Singapore’s construction boom from grinding forward, with even wrecking crews getting in some of the action.

Tucked away in a corner of Owen Road is an unassuming bak kut teh shop known for its mild yet savoury, peppery broth topped with abalone (optional) and steamed fish, which food aficionados say is something out of this world.

Vietnam a ‘dynamic growth market’ for Ascott

Vietnam a ‘dynamic growth market’ for Ascott - THE EDGE SINGAPORE

Vietnam’s Mice market reached US$5.1 billion in 2025 and is expected to reach US$7.3 billion by 2034. How is Ascott positioning to capture this demand in Southeast Asia’s new tourism hotspot?

The Ascott is doubling down on its growth in Southeast Asia and momentum remains firmly anchored in this region. According to an April 20 announcement, Ascott says it plans to open more than 25 properties across the region over the next 12 months.

Nam Cheong charts future growth course

Nam Cheong charts future growth course - THE EDGE SINGAPORE

Having survived the multi-year industry slump, Nam Cheong is both upbeat about the offshore and marine market ahead, but wary of the risks

Bangkit semula, a Malay phrase that describes an entity making a successful recovery after a setback, is arguably an apt description of the current state of the offshore and marine (O&M) industry, which has been languishing in the doldrums since the mid-2010s.

Fair winds and favourable seas buoy Seatrium

Fair winds and favourable seas buoy Seatrium - THE EDGE SINGAPORE

As countries accelerate their pivot to renewable energy sources amid rising oil prices, Seatrium looks set to be

Wind power and converter platforms

On March 30, Siemens announced it was awarded a GBP3 billion ($5.09 billion) contract by National Grid and Iberdrola for Eastern Green Link 4 (EGL4) converter stations. EGL4, along with EGL3, is a high-voltage electricity link between Scotland and England that would integrate more offshore wind energy into the grid. EGL3 and EGL4 are proposed to start from Peterhead, Aberdeenshire and Westfield, Fife, respectively and converge in Walpole, Norfolk, where a substation would connect the cables to the power network. 

Nordic expands its niche horizon

Nordic expands its niche horizon - THE EDGE SINGAPORE

From marine and offshore to semiconductor to security, Nordic Group gathers multiple tailwinds to power growth

When Nordic Group MR7 was listed on the Singapore Exchange in November 2010, it was positioned as a provider of automated controls and systems for the marine industry, which was a growing niche. However, when an industry downturn loomed, Chang Yeh Hong, the company’s executive chairman, realised he had to act quickly to diversify his earnings base before his order book dipped further.

Driving accountability in the boardroom and beyond

Driving accountability in the boardroom and beyond - THE EDGE SINGAPORE

NUS professor Mak Yuen Teen shares what it’s like to be the conscience of corporate Singapore.

If you follow Singapore’s corporate developments actively on LinkedIn, then it is quite likely that you have come across the writings of Mak Yuen Teen. The corporate governance advocate is an avid user of the social media platform and posts his opinions on Singapore’s stock market and listed companies daily.

Singapore embraces the AI revolution

An attendee interacts with a humanoid robot made by Unitree Robotics of China at last year’s Super AI Conference in Singapore. Photo: Bloomberg

The city-state is investing billions of dollars to develop AI computing resources, transform sectors of its economy and reskill workers

Singapore rarely leaves goals like economic growth to chance. The city-state’s policymakers are known for taking a proactive approach to achieving its economic objectives, whether by assembling cross-cutting committees or pumping capital into key sectors.

Today, those resources and energies are being turned toward AI. 

Co-working with AI

Adeline Sim is the chief corporate officer and executive director of HRnetGroup, the recruitment firm founded by her father, Peter Sim, in 1992. The company went public in 2017. Photo: Albert Chua/The Edge Singapore

AI isn’t replacing jobs — it’s changing the way companies value skills and hire, says HRnetGroup’s Adeline Sim

AI hasn’t dampened hiring so much as it has made companies more selective, says Adeline Sim, chief corporate officer and executive director of HRnetGroup CHZ, a Mainboard-listed recruitment agency.

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