Singapore shares kept recording new highs with the Straits Times Index (STI) jumping 1.85% this week, mirroring regional gains as investors moved on from the initial pessimism over US President, Donald Trump's sweeping tariffs, expecting governments to strike deals to avoid levies.

In terms of individual stocks, NIO rose 8%; Singtel rose 5.7%; Yanlord Land rose 5.5%; Yangzijiang Shipbldg rose 5%; UOB Kay Hian rose over 4%; Mapletree India Tr, TJ DaRenTang USD fell around 2%; Yangzijiang Financial fell 2.2%; Keppel DC Reit fell 4.8%; First Sponsor fell 5.6%.

NIO Jumps 8% as Onvo Begins Pre-Sales of L90 SUV at Competitive Price

Onvo, NIO Inc.'s sub-brand targeting the family car market, has begun pre-sales of its flagship three-row SUV (sport utility vehicle) model L90, marking the start of its direct head-to-head competition with local peer Li Auto.

The Shanghai-based electric vehicle (EV) maker announced the start of L90 pre-sales at a technology launch event in Hefei, Anhui province – the city of its two factories -- on July 10. The official launch is scheduled for the end of this month, with deliveries beginning on August 1.

The L90's pre-sales starting price including an 85-kWh battery pack is RMB 279,900 ($39,000), lower than many had anticipated, despite Nio founder, chairman, and CEO William Li stating earlier this month that the model's starting price would be below RMB 300,000.

New Singtel Headquarters to Feature 20,000 Sq M of Retail and Lifestyle Space

Singtel's new Comcentre headquarters is expected to add about 20,000 sq m of lifestyle and retail space to the Orchard Road precinct.

Set to be completed in 2028, the new building at its Exeter Road site will feature a sheltered arcade, the biggest elevated urban park in Singapore and a pet-friendly area.

The S$3 billion (US$2.3 billion) redevelopment will comprise two 20-storey towers with a total gross floor area of more than 110,000 sq m. 

Yanlord Land Group Enhances Financial Position with Note Repurchase

Yanlord Land Group Limited has announced that its subsidiary, Yanlord Land (HK) Co., Limited, has completed a further repurchase and cancellation of US$40,700,000 of its 5.125% Green Senior Notes due 2026. This action reduces the outstanding principal amount of these notes to US$426,310,000, potentially strengthening the company’s financial position and signaling a strategic move to manage its debt obligations effectively.

Yanlord Land Group Limited is a real estate developer based in Singapore, focusing on high-end residential, commercial, and integrated property projects primarily in China. The company is known for its premium developments and strategic market positioning in major Chinese cities.

Singapore Has the Opportunity to Become a Global Hub for Advanced Chip Packaging: Study

Singapore is in prime position to become a global hub for advanced chip packaging, which could become a cornerstone for local semiconductor industry growth in the next eight years.

This was one of five key opportunities for Singapore’s semicon industry identified in a study conducted by consulting firm Frost & Sullivan, and commissioned by the Singapore Semiconductor Industry Association (SSIA).

Singapore has traditionally been known as a front-end destination for semicon chips, which includes wafer fabrication, noted the firm’s managing director Ravi Krishnan, who presented the study’s findings on Thursday (Jul 10).

Singapore DPM Gan to Visit US for Trade Talks

Deputy Prime Minister Gan Kim Yong will head to the United States later this month for trade talks, while his tariff taskforce prepares to launch a grant of up to S$100,000 for affected businesses.

DPM Gan intends to continue discussions on Singapore’s pharmaceutical exports with his counterparts in the Trump administration, he said at a media briefing on Thursday (Jul 10).