17 minutes ago
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Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
27 minutes ago
Singapore pushes for trade corridor with China to reach 'full potential'
Amala Balakrishner - SINGAPORE (Sept 23): Singapore is working with China to develop the New International Land-Sea Trade Corridor (ILSTC), which is envisioned to become “the most efficient trade route between Western China and Southeast Asia,” according to Senior Minister of State for Trade and Industry, Koh Poh K ...
40 minutes ago
Malindo Air says data leak caused by ex-staffers at contractor firm
Tay Peck Gek - Indonesian Lion Air's Malaysian subsidiary Malindo Air said on Monday that two former employees of its e-commerce contractor were responsible for its passenger data breach.
41 minutes ago
Cheaper fares for Scoot customers as airline scraps payment processing fees
asyrafkamil -
42 minutes ago
BNP's prime brokerage deal with Deutsche may transfer up to 1,000 staff
Tay Peck Gek - Deutsche Bank's deal to transfer its prime brokerage business to BNP Paribas could see the move of up to 1,000 staff from the German lender to the French bank, a spokeswoman for BNP said on Monday.
47 minutes ago
Thomas Cook collapse boosts rival holiday companies, budget airlines
Tay Peck Gek - Thomas Cook's collapse boosted shares in TUI and budget airlines easyJet and Ryanair on Monday as investors pinned hopes on the tour operator's closure cutting capacity in the saturated European holiday market.
1 hour ago
Vivendi holds onto Mediaset stake as withdrawal right deadline expires: sources
Tay Peck Gek - Vivendi has decided not to exercise withdrawal rights over its Mediaset holding as a deadline to liquidate the stake in the Italian broadcaster expired at the weekend, two sources close to the matter said on Monday.
1 hour ago
Three radicalised domestic helpers detained under Internal Security Act: MHA
justinong -
1 hour ago
Thomas Cook airline Condor keeps flying but seeks government loan
Tay Peck Gek - FRANKFURT: Condor, the German airline subsidiary of British travel giant Thomas Cook, said Monday (Sep 23) it was requesting financial aid from Berlin to help keep it in the air even after its parent company declared bankruptcy. Underlining that it had been "profitable for many years," the airline ...
1 hour ago
Singlife clarifies 'deposit insurance' coverage for newly launched account
Vivien Shiao - INSURANCE tech (insurtech) firm Singlife on Monday clarified its marketing collateral for its recently launched Singlife account and debit card promotion to say that the funds in the Singlife account is protected only up to “specific limits”.
1 hour ago
Airlines ask Hong Kong to waive airport fees as demand drops
Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand.
2 hours ago
Singapore banks' South, S-E Asia exposure raises risks: Fitch Ratings
Vivienne Tay - WHEN it comes to risks from markets outside Singapore, the Republic's three major banks DBS, UOB and OCBC experienced more asset-quality issues in South and South-east Asia. This is compared with other regions like China or the rest of the world, a new Fitch Ratings report has found.
2 hours ago
Rail cost hike could hit ComfortDelGro's earnings
Staff Reporter - Submitted By: Nathanielle Punay Case Study: No Maintenance costs could rise following the mid-life revamp at North-East Line. ComfortDelGro’s (CDG) earnings may take a hit from higher maintenance costs in its rail operations, as well as the continuous competitive pressure in the t ...
2 hours ago
Asian shares ease on geopolitical tensions, oil up 1per cent
Tay Peck Gek - Asian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as "productive" and "constructive", while oil gained more than 1per cent as Middle East tensions remained elevated.
2 hours ago
Hiring those without academic qualifications: It's about companies' 'risk appetite'
In a recent episode of CNA's Talking Point, Education Minister Ong Ye Kung called for a shift in societal mindsets when it comes to academic qualifications.
2 hours ago
Dyson to hire 2,000 workers in Southeast Asia
Staff Reporter - Submitted By: Staff Reporter Case Study: No It plans to add hundreds of jobs in Singapore alone. Bloomberg reports that British appliance maker Dyson is hiring more than 2,000 people across Singapore, Malaysia and the Philippines over the next four years, following its decision to reloc ...
2 hours ago
Thomas Cook, the twilight of a global travel star
Tay Peck Gek - LONDON: Tour operator Thomas Cook, founded in 1841 and a pioneer of modern package holidays, collapsed on Monday (Sep 23) after failing to reach a rescue deal. Here is a look back at the 178 year-old global brand: TRAVEL PIONEER Thomas Cook arranged the first known organised trip in Britain in ...
2 hours ago
ANZ's Stella Saris named head of sustainable finance, international
Fiona Lam - THE Australia and New Zealand Banking Group (ANZ) on Monday appointed Stella Saris as head of sustainable finance, international.
3 hours ago
British travel firm Thomas Cook collapses, stranding hundreds of thousands of tourists
LONDON: Thomas Cook, the world's oldest travel firm, declared bankruptcy on Monday (Sep 23) after failing to reach a last-ditch rescue deal, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. The liquidation . ...
3 hours ago
UK PM Johnson questions whether Thomas Cook bosses 'properly incentivised'
Tay Peck Gek - NEW YORK: British Prime Minister Boris Johnson on Monday (Sep 23) questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankruptcy. Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of ...
3 hours ago
Australia resumes live sheep exports after ban lifted
Tay Peck Gek - Australia has lifted a temporary ban on controversial live sheep exports, with the first ship due to depart for the Middle East this week with about 60,000 animals on board.
3 hours ago
Singapore to avert technical recession in Q3, but support still warranted: DBS
Rachel Mui - SINGAPORE'S economy is expected to avert a technical recession in the third quarter this year, thanks to a mild improvement in the manufacturing sector, though support is still warranted, according to a latest report by DBS Group Research.
3 hours ago
Singapore's core inflation in August remains at 3-year low
Tay Peck Gek - SINGAPORE: Singapore's core inflation rose 0.8 per cent year-on-year in August, unchanged from the previous month when it eased to its slowest pace in more than three years. This was due to a steeper fall in the costs of retail goods and electricity and gas which was offset by higher food and ...
3 hours ago
People Digest: SG’s 99.co hires senior execs; ASI appoints Japan CEO
Quynh Nguyen - Aberdeen Standard Investments managed $669.6 billion of assets globally as of June 30, 2019. The post People Digest: SG’s 99.co hires senior execs; ASI appoints Japan CEO appeared first on DealStreetAsia.
4 hours ago
Singapore stocks: STI resumes Monday afternoon at 3,146.80, down 0.41% on day
Ng Ren Jye - SINGAPORE stocks slid as trading resumed on Monday afternoon, with the Straits Times Index declining 0.41 per cent or 12.88 points on the day to 3,146.80 as at 1.03pm.
4 hours ago
Singapore headline inflation edges up to 0.5% in August; core inflation stays flat
Sharon See - SINGAPORE's headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday.
4 hours ago
Singapore headline inflation edges up 0.5% in August; core inflation stays flat
Sharon See - SINGAPORE's headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday.
4 hours ago
SIA kept at 'hold' with $9.50 fair value on choppy yields, Mideast politics, and Brexit risks
PC Lee - SINGAPORE (Sept 23): UOB KayHian is maintaining Singapore Airlines (SIA) at “hold” with an unchanged fair value of $9.50 and a suggested entry price of between $8.70 and $8.80. The recommendation comes on the back of signs of a slowing global economy, a volatile cargo and passenger yield enviro ...
4 hours ago
Emirates to roll out biometric boarding option for US-bound flights
Tay Peck Gek - Customers flying via Dubai to any of Emirates’ 12 destinations in the US will be able to choose facial recognition technology at the departure gates, reducing the time taken for identity checks to two seconds or less.
4 hours ago
Singapore in world's top 20 for trade growth potential: StanChart study
Fiona Lam - SINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday.
4 hours ago
Singapore business confidence sinks to 2-year low in 4Q
Amala Balakrishner - SINGAPORE (Sept 23): Business confidence for the last quarter has dropped to close to a two year-low, as Singapore’s key manufacturing and wholesale trade sectors brace for a downturn. Business sentiment has dipped to +4.82 percentage points for 4Q19, from +6.91 percentage points for the current ...
4 hours ago
The coming crisis of China's one-party regime
Minxin Pei - (Sept 23): On October 1, to mark the 70th anniversary of the People’s Republic, Chinese President Xi Jinping will deliver a speech that unreservedly celebrates the Communist Party of China’s record since 1949. But, despite Xi’s apparent confidence and optimism, the CPC’s rank and file are i ...
5 hours ago
Broker's take: CGS-CIMB says Boustead could launch a Reit in 2020
Lynette Tan - BOUSTEAD Singapore's industrial real estate unit, Boustead Projects, could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year, according to CGS-CIMB.
5 hours ago
SoftBank turns against WeWork's parent CEO Neumann: sources
Tay Peck Gek - Japan's SoftBank Group Corp, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing start-up, four people familiar with the matter said on Sunday.
5 hours ago
Ongoing Hong Kong protests dim Dairy Farm's outlook
Benjamin Cher - SINGAPORE (Sept 23): The ongoing Hong Kong protests have reached Week 16, and it is dimming the outlook for Dairy Farm International Holdings, the retail business which derives some 70% of its operating profit from Hong Kong. Juliana Cai, an analyst at RHB Group Research, believes the company will ...
5 hours ago
Malaysia defers enforcement of VEP during 'peak-hour traffic' following appointment delays
maelynn -