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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1 hour ago

Licence of pleasure craft suspended after group of people filmed ‘partying on yacht’ near Lazarus

Yong Hui Ting - SINGAPORE: A vessel that was chartered for a social gathering has been temporarily suspended from operating, after a group of people filmed “partying on a yacht” near Lazarus Island last month were found to have breached COVID-19 regulations. In a media release on Saturday (Jan 23), the Maritime ...

2 hours ago

50,000 locals hired in first month of Jobs Growth Incentive scheme last year: MOM

Yong Hui Ting - SINGAPORE: More than 50,000 local workers were hired under the Jobs Growth Incentive in September last year, one month after the scheme launched, said the Ministry of Manpower (MOM) on Saturday (Jan 23) in its 17th and latest Jobs Situation Report.  The Jobs Growth Incentive is a wage subsidy ...

2 hours ago

More than 9,200 jobs, traineeships on offer in food services sector

razalia -

2 hours ago

One year after Covid-19 first detected in Singapore, business recovery still a mixed bag

gordon.feeney -

2 hours ago

Constant fatigue, inability to smell and taste: Covid-19 survivors speak of after-effects from illness

siewfern -

4 hours ago

Fintech, e-commerce sectors drove deal making in all major SE Asian markets in 2020

Team DealStreetAsia - At 63, Singapore accounted for half of all fintech deals in the region. The post Fintech, e-commerce sectors drove deal making in all major SE Asian markets in 2020 appeared first on DealStreetAsia.

4 hours ago

Catch experts discuss investment opportunities in Vietnam’s nascent tech ecosystem

Team DealStreetAsia - There are challenges like the lack of experienced tech investors. The post Catch experts discuss investment opportunities in Vietnam’s nascent tech ecosystem appeared first on DealStreetAsia.

5 hours ago

Tech shares could retake market reins as earnings heat up

A bevy of major U.S. earnings reports next week led by Apple, Microsoft and Facebook could help technology and growth stocks reassert their dominance after a recent run by banks, energy and other potential beneficiaries of an economic reopening.

6 hours ago

Commentary: What’s stopping Signal, Telegram and other messaging platforms from going the way of Whatsapp?

Yong Hui Ting - Before uninstalling Whatsapp, consider how these alternatives stack up in terms of security and monetisation strategies, say NTU's Saifuddin Ahmed.

6 hours ago

Commentary: We are living in a golden age of ignorance

Yong Hui Ting - Diversions, political polarisation and conspiracy thinking have all contributed to this new era, says the Financial Times' Tim Harford.

7 hours ago

Citicode, Artivision shareholders approve backdoor listings

Sharon See - CITICODE shareholders on Friday approved the reverse takeover of healthcare specialist Livingstone Health, thus transferring its listing status from the mainboard to the Catalist board on the Singapore Exchange (SGX), the company said in a press statement.

7 hours ago

Isetan explores options for property investment at Wisma Atria

Claudia Tan - JAPANESE department store operator Isetan (Singapore) announced on Friday that it is currently "exploring its options" regarding its strata area at Wisma Atria building along Orchard Road.

7 hours ago

Analysts raise target price on CICT on recovery expectations

Yong Hui Ting - FOUR brokerages have raised their target price on CapitaLand Commercial Integrated Trust (CICT), as most are expecting the recently-merged entity's earnings to recover in the following financial year.

7 hours ago

Look out for privatisations in small-cap space, says CGS-CIMB

Uma Devi - THE spate of corporate transactions this year is set to continue, and certain companies in the small-cap space - particularly those in the industrial and offshore and marine (O&M) sectors with attractive valuations - could be the ones to look out for, according to CGS-CIMB.

7 hours ago

Fu Yu founders 'deliberated at length' before sale of shares

Claudia Tan - FU YU Corp's co-founders had "deliberated at length" before giving up their 29.8 per cent stake to a buyer who would "appreciate the value and strengths" of the group's business, said the firm in a bourse filing on Friday.

7 hours ago

CapitaLand issues profit warning, expects full-year loss

Claudia Tan - CAPITALAND announced in its profit guidance on Friday that it is expecting to report a loss for the full year ended Dec 31, 2020 as a result of the impact from revaluations and impairments.

7 hours ago

SGX H1 net profit up 12.4% on higher revenue

Raphael Lim - THE Singapore Exchange (SGX) on Friday posted a net profit of S$239.8 million for the half year ended Dec 31, 2020, up 12.4 per cent from S$213.3 million a year ago.

7 hours ago

199-year Boat Quay shophouse up for sale for S$27m

Vivienne Tay - A 199-YEAR leasehold conservation shophouse located at 31 South Bridge Road and 88 Circular Road in Boat Quay is up for sale via private treaty at S$27 million, exclusive marketing agent ERA Realty said on Friday.

7 hours ago

Sabana's manager wants to leave failed merger behind; will work on improving portfolio and performance

Lee Meixian - THE chief executive officer (CEO) of Sabana Shari'ah Compliant Industrial Reit's manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the real estate investment trust's (Reit) portfolio and performance.

7 hours ago

Retail rents fell 14.7% in 2020; market will remain challenging, say analysts

Kalpana Rashiwala - THE decline in retail rents gathered pace in the fourth quarter, taking the full-year drop in the Urban Redevelopment Authority's rental index of retail space in the central region to 14.7 per cent - in contrast with the increase of 2.9 per cent in 2019.

7 hours ago

Property consultants upbeat about Singapore office market in second half

Kalpana Rashiwala - PROPERTY consultants are cautiously optimistic about prospects for the Singapore office market, at least in the second half of this year.

7 hours ago

Central-region condos drive Singapore's private home prices to all-time high

Fiona Lam - PRICES of new private homes in Singapore rose 2.1 per cent in Q4 2020 from Q3, marking their steepest quarterly increase in over two years.

7 hours ago

Biden's presidency looks promising for gold, yet rising Treasury yields may limit gains

Avtar Sandu - GOLD rallied this week on the back of Janet Yellen's testimony to the US Senate and Joe Biden's inauguration as the 46th President of the United States. Dr Yellen in her confirmation hearing as the new Treasury Secretary forwarded the case for more fiscal stimulus to relieve the pandemic- ...

7 hours ago

Moving hawkers up the food chain

Lynette Tan - IN SINGAPORE'S competitive hawker trade, where the unsuccessful throw in the towel and close down within a few years – months, even, names like Fei Siong, Liao Fan Hawker Chan and Li Xin Teochew Fishball Noodles stand out.

7 hours ago

Singapore to build ecosystem of venture studios: DPM Heng

Olivia Poh - THE Boston Consulting Group (BCG) has parked its latest corporate venture campus in Singapore, in part of the city-state's efforts to "build up an ecosystem of venture studios" for corporate innovation, said Deputy Prime Minister Heng Swee Keat at the launch of BCG Digital Ventures&# ...

7 hours ago

RTS Link brings significant economic, social benefits; to ease load on Causeway: Ong Ye Kung

Sharon See - THE Rapid Transit System (RTS) linking Singapore and Johor Baru may be a short service with only two stations, but its economic and social benefits are significant, Singapore's Transport Minister Ong Ye Kung said on Friday.

7 hours ago

No CNY gatherings for firms as current measures against Covid-19 remain in place

Leila Lai - CHINESE New Year (CNY) company gatherings will not be allowed this year as workplace safe management measures (SMMs) remain unchanged for the time being.

7 hours ago

Singapore tightens rules on household visits ahead of Chinese New Year

Annabeth Leow - SINGAPORE has tightened its rules on household visits ahead of Chinese New Year as a "pre-emptive move", even as the national vaccination drive continues despite a shipment delay.

7 hours ago

Most STI constituents down as index ends week lower

Tay Peck Gek - SINGAPORE shares declined after a few days of gains, with the Straits Times Index (STI) closing 0.85 per cent or

7 hours ago

I grew up witnessing forced labour. US companies must step up

Nury Turkel - FORCED labour has been a central part of China's campaign against the Uighurs for as long as I can remember. I was born in a re-education camp at the height of China's infamous Cultural Revolution. My father was sent to a separate forced labour camp. I grew up witnessing Uighur villagers ...

7 hours ago

Don't let stocks' big dogs crowd out the small ones

Nir Kaissar - THERE are roughly 3,700 public companies in the US, and most stock investors ignore all but the biggest ones, which is a bit odd. If, as investors routinely claim, their goal is to broadly diversify their portfolios, or assemble a mix of stocks that promises the best risk-return tradeoff, or find t ...

7 hours ago

Morgan Stanley CEO Gorman's annual pay rises by US$6 million

Yong Hui Ting - Morgan Stanley Chief Executive James Gorman's annual pay rose by US$6 million in 2020, according to a regulatory filing released on Friday.

7 hours ago

Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise

Yong Hui Ting - Wall Street's main indexes looked set to open lower on Friday after hitting record levels, as shares of blue-chip technology stalwarts Intel and IBM tumbled following their quarterly results.

7 hours ago

Weekly roundup: Robowealth, Volopay and 13 other SE Asia startups that raised funds

Mars W. Mosqueda Jr. - The deal table captures top VC transactions in SE Asia from January 18-22, 2021. The post Weekly roundup: Robowealth, Volopay and 13 other SE Asia startups that raised funds appeared first on DealStreetAsia.

7 hours ago

Biden wields executive power to tackle US pandemic economic crisis

Janice Heng - U.S. President Joe Biden on Friday ordered the faster issuance of pandemic stimulus checks to needy families and increased food aid for children who normally rely on school meals, an effort to ease Americans' burdens while Congress negotiates over his proposed US$1.9 trillion economic stimulus ...

7 hours ago

Exclusive: Brazil's Vale, state government US$2 billion apart on disaster settlement, source says

Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11 billion reais (US$2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday.