3 hours ago
Yamada Green Resources allowed to resume trading on June 1
Raphael Lim - YAMADA Green Resources said on Saturday (May 28) that the Singapore Exchange (SGX) has informed the company that it may resume trading on June 1.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
OCBC appoints Lee Hwee Boon as head of group HR
Raphael Lim - OCBC BANK said on Friday (May 27) that it is appointing Lee Hwee Boon as its head of group human resources (HR). She will assume her new role on June 24.
7 hours ago
Signs of an inflection point for S-Reits with Europe, US office assets
EMELIA TAN - DATA for office markets in Europe and United States (US) are indicating potential signs of recovery. European office occupier activity remains robust and rents resilient in Q1 2022, and Q4 2021 recorded the strongest quarterly leasing volume since Q4 2018 driven by pent-up demand (Knight Frank, Sav ...
9 hours ago
Vietnam May trade deficit widens to $1.73 billion - statistics office
HANOI : Vietnam reported a trade deficit of $1.73 billion in May, widening from a deficit of $1.22 billion in April, government data released on Sunday showed. Exports in May rose 16.4 per cent from April to $30.48 billion, while imports were up 12.9 per cent to $32.21 billion, the General Statistic ...
9 hours ago
Centurion’s David Loh raises stake; Keppel leads buyback tally
GEOFF HOWIE - FOR the 5 trading sessions that spanned May 20 to 26, the Straits Times Index (STI) gained 0.6 per cent, with the FTSE China A50 Index declining 1.1 per cent, the Hang Seng Index dipping 0.5 per cent and the FTSE Bursa Malaysia KLCI sliding 0.8 per cent.
9 hours ago
Centurion’s David Loh ups stakes, Keppel leads buyback tally
GEOFF HOWIE - FOR the 5 trading sessions that spanned May 20 to 26, the Straits Times Index (STI) gained 0.6 per cent, with the FTSE China A50 Index declining 1.1 per cent, the Hang Seng Index dipping 0.5 per cent and the FTSE Bursa Malaysia KLCI sliding 0.8 per cent.
9 hours ago
Vietnam housing market to get busier on foreign demand rebound, urbanisation
Fiona Lam - ACTIVITY in Vietnamese residential real estate is expected to pick up in the coming years as the urban population swells and foreign buyers <a href="/asean-business/foreign-investors-in-vietnam-keep-focus-on-ho-chi-minh-city-hanoi-homes" target="_blank">gradually return to ...
10 hours ago
Foreign investors in Vietnam keep focus on Ho Chi Minh City, Hanoi homes
Fiona Lam - IN Vietnam’s housing market, foreign investment demand continues to be concentrated in the country’s biggest cities of Ho Chi Minh City (HCMC) and Hanoi.
23 hours ago
Cash-strapped Sri Lanka gets Russian oil to ease shortages
COLOMBO: Cash-strapped Sri Lanka on Saturday (May 28) took delivery of Russian oil - which could soon be subject to a European embargo - to restart operations at the country's only refinery, the energy minister said. The island nation is suffering its worst economic meltdown since independence ...
1 day ago
Victoria's Secret pays US$8.3 million settlement to sacked Thai workers
BANGKOK: More than a thousand sacked Thai garment workers who made bras at a factory supplying lingerie giant Victoria's Secret have received a landmark US$8.3 million settlement, labour ri
1 day ago
Econ Healthcare posts $1.26 mil loss for 2HFY2022 after losing $3.4 mil on Crosstech exit
Catalist-listed Econ Healthcare (Asia) has posted a loss of $1.26 million for 2HFY2022 ended March 31, reversing from a net profit of $2 million in the same period last year.The loss was mainly due to the decrease in other income which comprise mostly of grants; loss on disposal of Crosstech Group H ...
1 day ago
Yongmao posts earnings of RMB55.3 mil for FY2022
Crane operator Yongmao Holdings has posted earnings of RMB10.8 million ($2.2 million) for the 2HFY2022 ended March, 64% lower than earnings of RMB30 million in the 2HFY2020.Earnings for the FY2022 stood at RMB55.3 million, 0.8% higher than earnings of RMB54.8 million in FY2021.2HFY2022 revenue fell ...
2 days ago
Amazon investor proposal to review plastic use narrowly fails to clear
Amazon.com Inc's investor-led proposal to review its use of plastic won 49 per cent support even as shareholders voted down all the 15 resolutions at the e-commerce giant's annual general meeting, a regulatory filing showed on Friday.It was the only proposal that came close to reaching the ...
2 days ago
Home and away: What’s fuelling the rise of Singaporeans investing in property abroad?
The pandemic hasn’t stopped Singaporeans from investing in overseas property. Which are the top countries and what are the reasons behind it? CNA Luxury takes a closer look.
2 days ago
Commentary: The death of globalisation has been greatly exaggerated
Recent slowdown in trade reflects the slowdown of the world economy, rather than its fragmentation that some leaders have warned about, says the Financial Times' Martin Sandbu.
2 days ago
Recession fears? Some businesses in Singapore bracing for troubled times ahead
SINGAPORE: Just as things are picking up for some businesses after the toll of a prolonged pandemic, the much-dreaded R-word has re-emerged. “I’d say that most of the world has adapted to living with COVID-19, so our orders have actually been increasing during this period,” said Ms Joyce Seow ...
2 days ago
Transport Canada probing cause of Tesla fire in Vancouver
The Canadian auto safety agency said on Friday (May 27) it is probing the cause of a Tesla fire in Vancouver that drew attention after the driver struggled to exit the vehicle. Transport Canada said following a May 20 2021 Tesla Model Y fire in Vancouver that it had its contracted collision and defe ...
2 days ago
Binance registers with Italy's regulator amid plans to expand in Europe
Binance said on Friday (May 27) its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accoun ...
2 days ago
Exclusive-HSBC clients query bank on climate, one to review engagement – sources
HONG KONG/LONDON : HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role, according to one ...
2 days ago
Victoria's Secret agrees to finance $8.3 million settlement for laid-off Thai workers
BANGKOK : Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria's Secret will receive $8.3 million, in what labour activists say is the biggest settlement of its kind in the global garment industry.About 1,200 workers were laid off without sev ...
2 days ago
Stamford Land H2 net profit jumps 130% on fair-value gains
Wong Pei Ting - STAMFORD Land’s net profit shot up 130.7 per cent for the fiscal second half from a year ago on the back of fair-value gains on its investment properties.
2 days ago
Russia opens cases against Google, other foreign tech over data storage
Russia's communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc's Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech over content, censorship, data and ...
2 days ago
Court grants No Signboard and subsidiaries moratorium till Oct 29
Claudia Chong - DEBT-LADEN No Signboard Holdings said the Singapore High Court has granted it and 2 of its subsidiaries a moratorium lasting till Oct 29.
2 days ago
Bukit Sembawang H2 net profit tumbles 75% on weaker revenue
Claudia Chong - PROPERTY development and investment group Bukit Sembawang Estates on Friday (May 27) posted a 75 per cent fall in net profit to S$29.6 million for the second half ended March 31, 2022.
2 days ago
Russia mulls allowing cryptocurrency for international payments - Ifax
Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday."The idea of using digital currencies in transactions for international settlements is being actively discussed," Ivan Chebeskov, head ...
2 days ago
Econ Healthcare posts H2 S$1.3m net loss after losing S$3.4m from selling Crosstec stake
Wong Pei Ting - Catalist-listed nursing operator Econ Healthcare (Asia) sank into the red in the fiscal second half from a year ago after chalking up a S$3.4 million investment loss from selling all of its stake in Crosstec Group Holdings in January.
2 days ago
Econ Healthcare posts H2S$1.3m net loss after losing S$3.4m from selling Crosstec stake
Wong Pei Ting - Catalist-listed nursing operator Econ Healthcare (Asia) sank into the red in the fiscal second half from a year ago after chalking up a S$3.4 million investment loss from selling all of its stake in Crosstec Group Holdings in January.
2 days ago
Econ Healthcare posts H2S$1.2m net loss after losing S$3.4m from selling Crosstec stake
Wong Pei Ting - Catalist-listed nursing operator Econ Healthcare (Asia) sank into the red in the fiscal second half from a year ago after chalking up a S$3.4 million investment loss from selling all of its stake in Crosstec Group Holdings in January.
2 days ago
Long wait for interviews as job seekers throng aviation jobs fair on first day
SINGAPORE: Job seekers flocked to the OneAviation Careers jobs fair on Friday (May 27), with some waiting about three hours to get interviews with companies taking part in the event. The people that CNA spoke to appeared optimistic about the aviation industry, which is recovering after two years in ...
2 days ago
Twitter rejects Elon Musk ally's resignation from board
Twitter Inc said in a filing on Friday it would not accept Egon Durban's resignation from the board, after shareholders blocked his re-election at an annual meeting earlier this week. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal.
2 days ago
Twitter keeps Musk ally Durban on board, rejects resignation
Twitter said in a filing on Friday (May 27) it will not accept Egon Durban's resignation from the board, two days after shareholders blocked his re-election at an annual meeting. Durban is an ally of Elon Musk, who has offered to take Twitter private in a US$44 billion deal. Twitter said Durban ...
2 days ago
NutryFarm unit could lose 33.4 million yuan on durian delivery shortfall compensation
Wong Pei Ting - NUTRYFARM International’s indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co (GAT), which supplies durians, has had to compensate 2 of its customers a total of 33.4 million yuan (S$6.8 million) due to a shortfall in delivery.
2 days ago
KSH Holdings H2 net profit soars to S$14.5m after share of results from associates, JVs
Claudia Chong - KSH Holdings posted second-half net profit of S$14.5 million on Friday (May 27), up from S$269,000 year on year, after shares of results of associates and joint ventures hit S$19 million compared with a S$2.6 million loss a year ago.
2 days ago
China to launch ETF connect with Hong Kong
HONG KONG : China's securities regulator said on Friday it has agreed to include exchange-traded funds (ETFs) in stock connect schemes with Hong Kong.The formal launch date will be announced later as the process will take about two months to prepare, the China Securities Regulatory Commission s ...
2 days ago
Indonesia to allocate about 1 million tonnes of palm oil for export
JAKARTA : Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government's bulk cooking oil programme, a senior trade ministry official said on Friday.Indonesia, the world's biggest palm oil producer, allowed shipm ...
2 days ago
China facilitates foreign investment in domestic bond market
SHANGHAI : China published rules on Friday to allow foreign investors in the country's interbank debt market to also buy exchange-traded bonds.Investment procedures will also be streamlined for overseas bond investors, China's central bank, forex regulator and securities regulator said in ...