15 minutes ago
Sin Ghee Huat heads for delistment
Nisha Ramchandani - SIN Ghee Huat Corp is set to be delisted after the level of acceptances for its privatisation offer crossed the 90 per cent mark.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
35 minutes ago
BuzzFeed to go public via US$1.5 billion SPAC merger
Raphael Lim - BuzzFeed Inc will go public through a merger with blank-check company 890 5th Avenue Partners Inc in a deal valuing the online media outlet at US$1.5 billion.
46 minutes ago
Electric-vehicle maker Xpeng to list on Hong Kong Stock Exchange
Raphael Lim - Chinese electric-vehicle maker XPeng Inc said on Thursday it is looking to list its common shares on the Hong Kong Stock Exchange as part of a global offering.
56 minutes ago
Apple banks on physical stores as economies reopen, retail chief says
Raphael Lim - Apple Inc is expanding retail operations as the United States emerges from the pandemic, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever, its retail chief told Reuters.
56 minutes ago
Investigators defend Toshiba report, say stonewalled by Japan official
Raphael Lim - The investigators who revealed Toshiba Corp colluded with Japan's trade ministry to pressure foreign shareholders defended the integrity of their inquiry, pushing back against government criticism it was one-sided.
57 minutes ago
Keppel, Sembcorp Marine agree to explore potential combination of offshore and marine units
SINGAPORE: Keppel Corp and Sembcorp Marine have agreed to explore a potential tie-up that would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn. A deal would see Keppel spin off the new business into a listed entity and ...
58 minutes ago
Marine & offshore sector to pilot tightened process of bringing in workers amid manpower crunch
Nisha Ramchandani - WITH the pandemic disrupting access to workers, the marine & offshore sector will pilot a tightened process to bring in trades workers from overseas in a calibrated manner to complement the existing workforce.
1 hour ago
Five men arrested for illegally entering Singapore from western coast near Tuas
asyrafkamil -
1 hour ago
Google delays Chrome's blocking of tracking cookies to late 2023
Raphael Lim - Google's Chrome web browser will not fully block tracking cookies until late 2023, the Alphabet Inc company said on Thursday, delaying by nearly two years a move that has drawn antitrust concerns from competitors and regulators.
2 hours ago
Investigators defend landmark Toshiba report, say stonewalled by Japan official
Raphael Lim - The investigators who revealed Toshiba Corp colluded with Japan's trade ministry to pressure foreign shareholders defended the integrity of their inquiry, pushing back against government criticism it was one-sided.
2 hours ago
Volvo's electric XC90 SUV to include lidar as standard equipment next year
Raphael Lim - Volvo Cars plans to make lidar sensors standard equipment in a new generation of its XC90 SUV next year as part of a strategy to deploy more advanced safety and automated driving technology that relies on precise images of the world around the vehicle.
2 hours ago
Shake Shack offers free fries with burger purchase to anyone getting Covid-19 jab
asyrafkamil -
2 hours ago
Twitter India chief wins relief from court in police probe case - sources
Raphael Lim - An Indian court on Thursday said Twitter Inc's country head should face no "coercive action" in a case where police summoned him for failing to stop the spread of a video that allegedly incited religious discord, three sources said.
2 hours ago
JPMorgan unit buys stake in sports data provider Kraft Analytics
Raphael Lim - JPMorgan Chase & Co's asset and wealth management division has taken a stake in Kraft Analytics Group (KAGR), the sports-focused data analytics firm said on Thursday.
3 hours ago
UOB to double wealth income by 2026, launches digital investment offering
Vivien Shiao - UOB said on Thursday that it aims to double its wealth income and increase its assets under management (AUM) compound annual growth rate by double digits in five years, as part of its plan to capitalise on the burgeoning base of the emerging affluent in the region.
3 hours ago
UOB to double wealth income by 2025, launches digital investment offering
Vivien Shiao - UOB said on Thursday that it aims to double its wealth income and increase its assets under management (AUM) compound annual growth rate by double digits in five years, as part of its plan to capitalise on the burgeoning base of the emerging affluent in the region.
3 hours ago
Accenture raises annual forecast as hybrid work models boost cloud-service demand
Fiona Lam - IT consulting firm Accenture Plc posted higher third-quarter revenue on Thursday that beat analysts' estimates, as more businesses used its digital, cloud and security services to adapt to a hybrid work model in a post-pandemic world.
3 hours ago
US targets five Chinese companies over alleged forced labour in Xinjiang
WASHINGTON: The Biden administration has banned US imports and restricted exports involving five Chinese companies over alleged forced labour involving Uyghurs and other Muslim minority groups in Xinjiang, the White House said on Thursday (Jun 24). Those targeted by the US Department of Commerce ...
3 hours ago
Sembcorp Marine in talks to combine with Keppel's marine services business
asyrafkamil -
3 hours ago
SGX RegCo expands enforcement powers, requires issuers to introduce whistle-blowing policy
Nisha Ramchandani - SINGAPORE Exchange Regulation (RegCo) is broadening its range of enforcement powers and will require issuers to implement a whistleblowing policy, following feedback from a public consultation.
4 hours ago
Egypt signs non-disclosure deal over canal blockage compensation
Fiona Lam - Egypt has signed a non-disclosure agreement with the Japanese owner of a megaship that blocked the Suez Canal in March as it finalises a compensation agreement, the canal authority chief said.
4 hours ago
Microsoft to unveil first new Windows in six years
Fiona Lam - Microsoft Corp will show off on Thursday the first major revamp of its Windows operating system since 2015.
4 hours ago
Accenture revenue beats as pandemic boosts demand for cloud, IT consulting services
Fiona Lam - IT consulting firm Accenture Plc posted higher third-quarter revenue on Thursday that beat analysts' estimates, as more businesses used its digital, cloud and security services to adapt to a hybrid work model in a post-pandemic world.
4 hours ago
South Korean developer acquires Eastar Jet for US$97 million - Yonhap
Fiona Lam - SEOUL: South Korean property developer SJ Co Ltd has acquired budget airline Eastar Jet for 110 billion won (US$97 million), Yonhap news agency reported on Thursday. SJ paid a deposit of 11 billion won and plans to issue new shares to complete the transaction, the report said. Eastar Jet and ...
4 hours ago
Malaysia's Serba Dinamik says KPMG quits as auditor after being sued
KUALA LUMPUR: Malaysian oil services firm Serba Dinamik Holdings Bhd said on Thursday it has received notice from its external auditor KPMG handing in its resignation with immediate effect. In a stock exchange filing, Serba said KPMG stated in the notice dated June 23 that Serba's lawsuit ...
4 hours ago
Dollar inches down, sterling steady ahead of Bank of England meeting
Fiona Lam - The U.S. dollar vacillated below an 11-week high versus major peers on Thursday as traders attempted to navigate conflicting signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus.
4 hours ago
Japan advisory panel on fiscal, debt policy held final meeting - government official
Fiona Lam - TOKYO: A Japanese finance ministry panel consisting of academics and corporate executives that has offered long-term proposals on fixing the country's finances held its final meeting on Thursday, a finance ministry official said. The official also said a new forum to discuss the country's ...
4 hours ago
Singapore files 105 new charges against oil trader Hin Leong founder OK Lim
asyrafkamil -
4 hours ago
Hyflux's winding up application to be heard on July 12
Claudia Tan - HYFLUX'S judicial managers said on Thursday that the winding up application of the beleaguered water treatment company and its unit Hydrochem will be heard on July 12.
4 hours ago
Keppel, Sembcorp Marine to explore merger of Keppel O&M with Sembcorp Marine
Nisha Ramchandani - KEPPEL Corp and Sembcorp Marine have signed a non-binding memorandum of understanding (MOU) to enter into exclusive talks with the aim of merging Keppel Offshore & Marine (O&M) and Sembcorp Marine.
4 hours ago
Low risk of severe transboundary haze in region this year, thanks partly to Covid-19: Study
gordon.feeney -
5 hours ago
Singapore on track to increasing group sizes for 'higher-risk' settings in July, including for dining-in: Lawrence Wong
SINGAPORE: Singapore is on track to allowing group sizes for higher-risk settings such as dining-in at eateries to increase to five as planned in mid-July, said Finance Minister Lawrence Wong on Thursday (Jun 24). Speaking at a COVID-19 multi ministry task force press conference, Mr Wong noted ...
5 hours ago
Senior Japanese lawmaker accuses Toshiba activists of short-termism
Fiona Lam - A senior member of Japan's ruling party on Thursday accused activist investors in Toshiba Corp of focusing only on short-term profits and called for better monitoring of such investors to protect economic security.
5 hours ago
Former HR exec jailed 2 years for cheating firm S$454,000 using ex-employees’ payroll details
asyrafkamil -
5 hours ago
US lawmakers back Big Tech regulation bills in marathon session
Fiona Lam - US lawmakers debated into the early hours Thursday over details of legislation aimed at curbing the power of Big Tech firms with a sweeping reform of antitrust laws.
5 hours ago
IBM explores AI tools to spot, cut bias in online ad targeting
IBM Corp is developing tools that would ensure online advertising algorithms do not unfairly show ads to only specific groups such as mostly men or wealthy people, aiming to address discrimination concerns that have drawn industrywide scrutiny.