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

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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 ...






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