Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

Singapore Stock Market News Singapore Business News Singapore Market Updates

24 minutes ago

UK PM Johnson to challenge Amazon founder Bezos over company's tax record- FT

British Prime Minister Boris Johnson in a face-to-face meeting will challenge Amazon founder Jeff Bezos over his company's tax record, the Financial Times reported https://on.ft.com/3nNA2Cz on Sunday.Concerns surrounding international corporate tax rates for tech giants will be high on the agen ...

49 minutes ago

Commentary: Dealing with a noisy colleague - hard to tackle alone

Individual workers have long been left alone to fix an infuriating problem only supervisors can sort, says the Financial Times’ Pilita Clark.

50 minutes ago

Commentary: Confused and isolated on your first job? Here’s how fresh grads can ace remote working

In a work-from-home era, soft skills have never been more essential for graduates entering the workforce, says Linda Ong of Nanyang Business School's Career Services Office.

50 minutes ago

Delays in furniture deliveries from Johor to Singapore as COVID-19 curbs jam production lines

Industry players are hopeful that the supply chain will be restored fully as Johor ramps up vaccination efforts.

59 minutes ago

Exclusive: US opens probe into 30 million vehicles over air bag inflators

WASHINGTON : U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters shows.The National Highway Traffic Safety Administration (NHTSA) on Friday open ...

60 minutes ago

US opens probe into 30 million vehicles over air bag inflators

WASHINGTON: US auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters shows. The National Highway Traffic Safety Administration (NHTSA) on Friday opene ...

1 hour ago

Aligning stock market ecosystem with homegrown startups is sensible economic development policy

Ben Paul - THE big initiatives unveiled last week to steer innovative growth-oriented companies towards going public in Singapore were a clear admission by the government that the local market is indeed struggling to attract high quality listing aspirants.

1 hour ago

A pertinent need for firms to keep focus on cyber risk management

Dale Petersen - OVER the last 20 years, there have only been a small number of cyber attacks that have caused outages of industrial control systems (ICS) in operations technology (OT).

1 hour ago

Temasek to take up 49.3% of Sembmarine rights issue

Joan Ng - TEMASEK Holdings will take up 49.3 per cent of Sembcorp Marine (Sembmarine)'s rights issue, which means it will need to make a compliance offer for all shares of Sembmarine that it does not already own.

1 hour ago

The enduring strategic role of gold

ANDREW NAYLOR - THE year 2020 was a record one for gold as it reached new highs on the back of institutional investment. This institutional interest in the precious metal was driven by a number of factors, not least the unprecedented economic uncertainty brought about by Covid-19.

1 hour ago

Could chip shortage make cars more expensive in Singapore?

Leow Ju-Len - THE ongoing semiconductor shortage may be putting the brakes on car production around the world, but many in the motor trade in Singapore say that business is only minimally affected for now.

1 hour ago

HK's Far East Consortium inks deal to sell 21 Anderson for S$213m

Kalpana Rashiwala - HONGKONG-LISTED Far East Consortium International Limited (FEC) announced on Friday night that it has entered into a sale and purchase agreement to sell 21 Anderson, a 10-storey freehold condominium block of 34 units, for S$213 million.

1 hour ago

ESOP platforms gain ground amid S-E Asia's tech talent war

Olivia Poh - AS THE war for tech talent in South-east Asia intensifies, startups are starting to implement employee stock ownership plans (ESOPs) at earlier stages as a way of retaining staff. The phenomenon has spurred the emergence of a new pocket industry in corporate services - including the management of s ...

1 hour ago

Keen interest in Singapore SPACs could see first listings by year-end

Raphael Lim - SPECIAL purpose acquisition companies or SPACs could find their way onto the Singapore Exchange (SGX) mainboard as early as this year, and several local private companies have told The Business Times that they are open to the possibility of merging with SGX-listed SPACs to go public.

1 hour ago

Ho Bee Land chairman continues to build stake

Geoff Howie - FOR the five trading sessions that spanned Sept 10 to 16, the Straits Times Index (STI) declined 0.2 per cent, with the FTSE China A50 Index, Hang Seng Index and FTSE Bursa Malaysia KLCI averaging a 3.2 per cent decline.

1 hour ago

Governance and transparency scores of S-Reits hit all-time high

Candace Li - THE annual Singapore Governance and Transparency Index (SGTI) assesses Singapore-listed companies on their corporate governance disclosure and practices, as well as the timeliness, accessibility and transparency of their financial results announcement, so as to provide investors with greater transp ...

1 hour ago

Hatten Land yet to receive US$60m for Gold Mart divestment

Claudia Chong - PROPERTY developer Hatten Land said it has not received the US$60 million payment from Singapore-based Tayrona Capital Group Corp for the proposed divestment of wholly-owned Malaysian unit Gold Mart, a transaction that was approved by shareholders in November last year.

1 hour ago

Robust and ethical data governance critical to growth in digital age

THEMIN SUWARDY - AS digitalisation rises and companies collect an ever-increasing amount of their customer and business data, organisations have to become more accountable to stakeholders such as regulators, customers and investors on the issue of data.

1 hour ago

Is there an incoming potential bounce?

Mooris Tjioe Jun Xian - THE Nasdaq Composite (CCMP) has risen above near-term resistance at 14,895 despite concerns of overvaluations. Having experienced a somewhat healthy pullback, the Nasdaq Composite has also alleviated some of the overbought conditions seen recently.

1 hour ago

Proceedings against Darco deputy chairman fall through

Claudia Chong - A GROUP of minority shareholders of Darco Water Technologies have failed in their bid to sue two individuals on behalf of the company, after the High Court on Sept 14 dismissed their application for leave to commence statutory derivative proceedings against the individuals.

1 hour ago

GuocoLand opts for innovation

Kalpana Rashiwala - FOR Singapore developers without a legacy landbank, the concept of buying land at a low price and selling the project on it at a high price is no longer relevant given the surfeit of liquidity fuelling competition for land.

2 hours ago

France's OVHcloud prepares for US$ 4.7 billion IPO- WSJ

French cloud computing services provider OVHcloud plans to launch a possible initial public offering as soon as Monday that could value it at more than US$4.7 billion, the Wall Street Journal reported https://on.wsj.com/3nP539c on Sunday, citing people familiar with the matter. The cloud-service pro ...

7 hours ago

Private equity firm Advent to buy India's Eureka Forbes

NEW DELHI: US private equity firm Advent International will buy a controlling stake in Indian consumer electronics brand Eureka Forbes for 44 billion rupees (US$597 million), its parent Shapoorji Pallonji Group said on Sunday. Eureka Forbes, now a fully-owned unit of Forbes & Company, is best k ...

11 hours ago

Hatten Land yet to receive US$60m for Gold Mart divestment despite deadline extension

Claudia Chong - PROPERTY developer Hatten Land said it has not received the US$60 million payment from Singapore-based Tayrona Capital Group Corp for the proposed divestment of wholly owned Malaysian unit Gold Mart, a transaction that was approved by shareholders in November last year.

13 hours ago

UAE central bank sees COVID-19 increasing money-laundering risks

DUBAI: The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday (Sep 19). The use of unlicensed money service providers for money laundering h ...

13 hours ago

Darco shareholders' legal proceedings against deputy chairman fall through

Claudia Chong - A GROUP of minority shareholders of Darco Water Technologies have failed in their bid to sue two individuals on behalf of the company, after the High Court on Sept 14 dismissed their application for leave to commence statutory derivative proceedings against the individuals.

15 hours ago

Exclusive: US trade official called India's Mastercard ban 'draconian' - emails

NEW DELHI : A senior U.S. trade official privately criticised India's July decision to ban Mastercard Inc from issuing new cards, calling it a "draconian" move that caused "panic", according to U.S. government emails seen by Reuters.The documents show frustration within the ...

15 hours ago

US trade official called India's Mastercard ban 'draconian': Emails

NEW DELHI: A senior US trade official privately criticised India's July decision to ban Mastercard from issuing new cards, calling it a "draconian" move that caused "panic", according to US government emails seen by Reuters. The documents show frustration within the US go ...

18 hours ago

Taiwan threatens to take China to WTO in new spat over fruit

TAIPEI/BEIJING: Taiwan threatened to take China to the World Trade Organization (WTO) on Sunday (Sep 19) after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit. Relations between Taipei and Beijing, which ...

19 hours ago

Evergrande begins repaying investors with discounted properties - Bloomberg News

China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties, Bloomberg News reported on Saturday. Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, the repor ...

19 hours ago

China defends clampdown on tech firms in a meeting with Wall St execs - Bloomberg News

China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday.Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the mar ...

19 hours ago

China defends clampdown on tech firms in a meeting with Wall St executives: Report

China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday (Sep 18). Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reduci ...

19 hours ago

Evergrande begins repaying wealth product investors with property

BEIJING :Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said.Evergrande, with over US$300 billion in liabilities, is in the throes of a liquidity crisis https://ww ...

19 hours ago

China defends clampdown on tech firms in a meeting with Wall St execs: Report

China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday (Sep 18). Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reduci ...

19 hours ago

Evergrande begins repaying investors with discounted properties: Report

China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties, Bloomberg News reported on Saturday. Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, the repor ...

21 hours ago

Fed expected to stay cautious as economy sends mixed signals

WASHINGTON: With the United States on the upswing from the COVID-19 pandemic, the Federal Reserve is expected to weigh in next week on whether the economy is healthy enough to begin withdrawing stimulus measures credited with aiding the revival. But the two-day meeting of the central bank's po ...