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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29 minutes ago

Few have made it where Tung Lok now treads: SAC

PC Lee - SINGAPORE (Oct 17): Since its founding in 1984, Tung Lok Restaurants (2000) has made a name for itself in the local F&B scene. From serving gourmet Chinese cuisine in its flagship Tung Lok Restaurant, it is now engaging the tastebuds of a younger generation and licensing its brands overseas. As ...

30 minutes ago

The challenges entrepreneurs face in Singapore, and what it takes to succeed

Desmond Lachman - Is Singapore a good place for inventors? What rejections should they be prepared for in running a start-up? Their struggles and successes speak of the limitations and support that can be found here, as the series Made in Singapore discovers.

31 minutes ago

YouTube says looking into reports of user access issues

Desmond Lachman - SAN BRUNO, California: YouTube, the Google-owned streaming service, said it was looking into reports of issues with its services after several people took to Twitter to complain about broadcasting issues. "Thanks for your reports about YouTube, YouTube TV and YouTube Music access issues. We're ...

34 minutes ago

Temasek launches first retail bonds with 2.7% interest rate

Desmond Lachman - SINGAPORE: Retail investors can now invest in Temasek Holdings’ bonds with the launch of its first public bond offer. The five-year notes, which will mature on Oct 25, 2023, offer a guaranteed fixed interest rate of 2.7 per cent, the Singapore state investment firm said on Tuesday (Oct 16). The . ...

36 minutes ago

Grab to double investments on safety measures by 2019

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It is taking a smart driver fatigue model that will remind drivers to rest. As part of its ‘Safer Everyday Tech Roadmap’, Grab will double its investments for safety measures by the end of 2019, an announcement revealed. The initi ...

47 minutes ago

Brokers' take: Keppel DC Reit primed for more acquisitions amid healthy Q3 results

Yunita Ong - ANALYSTS were generally cheered by the financial results of Keppel DC Reit (real estate investment trust) as the data centre-focused Reit on Tuesday posted a third-quarter distribution per unit (DPU) of 1.85 Singapore cents, up 6.3 per cent from 1.74 Singapore cents for the same period a year earli ...

54 minutes ago

3D printing facility to be built at PSA’s Pasir Panjang Terminal

Desmond Lachman - SINGAPORE: The Maritime and Port Authority of Singapore (MPA) inked a deal on Wednesday (Oct 17) to build the world’s first maritime 3D printing facility at PSA’s Pasir Panjang Terminal. The facility will use additive manufacturing – commonly known as 3D printing – to produce parts that are ...

1 hour ago

Analysts put SPH on 'hold', but is the end of its earnings decline in sight?

Stanislaus Jude Chan - SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18. SPH saw its full-year earnings fall 19.7% to $281.1 millio ...

1 hour ago

Singapore signs open skies agreement with Peru

Desmond Lachman - SINGAPORE: Singapore signed an open skies agreement with Peru on Tuesday (Oct 16), announced the Ministry of Transport (MOT) in a press release.  Under the agreement, airlines of both countries will be able to fly any number of passenger and cargo services between them, as well as to any third ...

1 hour ago

StarHub prepaid customers to enjoy free local outgoing calls

Desmond Lachman - SINGAPORE: StarHub mobile prepaid customers will be able to enjoy free local outgoing calls from Wednesday (Oct 17). StarHub said the initiative is a first in Singapore and that customers will be able to enjoy the free calls every day as long as they have an active data plan. Heavy users can ...

1 hour ago

NODX further expanded by 8.3% in September

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It was fueled by the growth in the non-electronic segment. Singapore’s non-oil domestic exports (NODX) grew further by 3.3 ppt to 8.3% YoY from its 5% expansion in August, Enterprise Singapore (ESG) revealed. The September expansion whi ...

2 hours ago

US tops global competitiveness rating, Singapore takes 2nd spot: WEF

Desmond Lachman - GENEVA: The US economy topped the World Economic Forum's annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday (Oct 16). Singapore came in at 2nd ahead of Germany (3rd) ...

2 hours ago

Daily Markets Briefing: STI down 0.38%

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Wall Street's rebound could fuel gains today. The Straits Times Index ended 11.66 or 0.38% points lower at 3,041.31. The top active stocks were DBS, which dipped 0.24%, OCBC, which slipped 0.08%, UOB, which rose 0.15%, Singtel, which clos ...

2 hours ago

Singapore shares rise at Wednesday's open; STI up 1.61% to 3,083.05

Leila Lai - SINGAPORE stocks opened higher on Wednesday, with the Straits Times Index gaining 1.61 per cent or 48.74 points to 3,083.05 as at 9.02am after US stocks rebounded overnight.

2 hours ago

Continued overseas expansion to fuel a stronger 2H for MindChamps: RHB

Michelle Zhu - SINGAPORE (Oct 17): RHB Research is maintaining its “buy” call on MindChamps Preschool with an unchanged target price of 94 cents based on a blended valuation methodology comprising a target EV/EBITDA of 18 times, in line with the peer average, and DCF. In a Tuesday report, analyst Juliana Cai r ...

2 hours ago

Singapore NODX up a higher 8.3% in Sept on non-electronic exports

PC Lee - SINGAPORE (Oct 17): Singapore’s non-oil domestic export (NODX) increased by 8.3% in September, following the 5.0% growth in August; due to growth in non-electronic NODX which outweighed the decline in electronics, reported Enterprise Singapore this morning. Electronic NODX declined by 0.9% in Sept ...

2 hours ago

Singapore exports up 8.3 per cent in September

maelynn - 13 min 48 sec agoSINGAPORE — The Republic's year-on-year non-oil domestic exports (NODX) growth a

2 hours ago

Singapore exports rise 8.3% in September in sixth straight month of growth

Desmond Lachman - SINGAPORE: Singapore’s non-oil exports accelerated in September due to a surge in pharmaceutical sales, official data showed on Wednesday (Oct 17). Exports rose 8.3 per cent year-on-year, the sixth straight month of growth, data from trade agency Enterprise Singapore showed. It was up from 5 per ...

2 hours ago

STI generates -7.4% returns YTD, 12.9% over 3 years

Leila Lai - THE Straits Times Index (STI) has generated a total return of -7.4 per cent for investors from January to Oct 15, according to a Singapore Exchange (SGX) update on Tuesday.

2 hours ago

Singapore: Openspace Ventures bullish on fintech, marketplace sectors

Ka Kay Lum - Singapore-based venture capital firm Openspace Ventures is eyeing for more investments before 2018 draws to a close. The post Singapore: Openspace Ventures bullish on fintech, marketplace sectors appeared first on DealStreetAsia.

2 hours ago

Stocks to watch: Keppel Infrastructure Trust, Noble Group, IEV Holdings, Datapulse Technology

Yunita Ong - THE following companies saw new developments which may affect trading of their shares on Wednesday:

2 hours ago

Asia shares rally as Wall Street bounce relieves

Desmond Lachman - Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies.

2 hours ago

Netflix record subscriber growth dispels Wall Street worries

Desmond Lachman - Netflix Inc added more subscribers than expected in the third quarter, as new seasons of original shows such as "Orange is The New Black" and "BoJack Horseman" pulled in users.

3 hours ago

Singapore's September non-oil exports come in below expectations, but up from August

Vivien Shiao - SINGAPORE’S non-oil domestic exports (NODX) grew by a solid 8.3 per cent in September, coming in under economist expectations even as it picked up the pace from the 5 per cent expansion in August, according to Enterprise Singapore data released on Wednesday.

3 hours ago

Daily Briefing: Temasek to buy Israel-based cybersecurity firm; Two new nursing homes to open by 2020

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No And here’s why SIA’s non-stop flight to New York may hit turbulence. From Reuters: read more

3 hours ago

The challenges Singapore entrepreneurs face, and what it takes to succeed

Desmond Lachman - SINGAPORE: Even before his invention is available for purchase, there has been a deluge of interest from around the world. CNA Insider’s story last month about 26-year-old Kevin Chiam’s special cooking tools for the blind, designed to protect the visually impaired from injuries in the kitchen, h ...

3 hours ago

Chart of the Day: Taxi licence holders on the rise after Grab-Uber merger

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Holders dwindled down by around 380 in H2 2017 amidst heated pre-merger competition. This chart with data from CGS-CIMB and the Land Transport Authority (LTA) shows that the number of taxi licence (TDVL) holders in Singapore climbed after the ...

3 hours ago

Keppel DC REIT NPI jumped 33.4% to $43.04m in Q3

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Its occupancy rate stood at 93.1%. Keppel DC REIT’s net property income (NPI) improved 33.4% YoY in Q3, an announcement revealed. Distributable income to unitholders grew 12.7% to $26.02m. Meanwhile, distribution per unit inched up by 6 ...

4 hours ago

Railroad operator CSX's quarterly profit tops Wall Street target

Desmond Lachman - REUTERS: CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Shares in CSX, which forecast 2018 revenue growth of 6 ...

4 hours ago

Netflix crushes estimates, renewing faith after July letdown

Bloomberg - LOS ANGELES (Oct 17): Netflix Inc.’s Cinderella story isn’t over just yet. The world’s largest paid online TV network added far more subscribers than analysts forecast in the third quarter and issued an upbeat outlook for the current three months, rebounding from a slowdown earlier this year. ...

4 hours ago

US beats Singapore to top of global competitiveness rankings

Bloomberg - ZURICH (Oct 17): The US is back at the top of the global competitiveness league, according to the World Economic Forum, which praised the nation’s entrepreneurial culture and financial system while noting its “weakening social fabric.” In a report that President Donald Trump is likely to see a ...

4 hours ago

Hunt for the next privatisation target, or bet on companies positioned for growth?

Ben Paul - SINGAPORE (Oct 15): When I started investing in the 1990s, I quickly became intrigued by companies with assets that were overlooked by the market. In some cases, the asset in question was simply a pile of cash or liquid securities. Other times, it was a strategically located parcel of land that coul ...

4 hours ago

Honda Aircraft expects higher light jet deliveries in 2019

Desmond Lachman - Honda Aircraft Co chief executive Michimasa Fujino said on Tuesday he expects deliveries of the HondaJet to rise in 2019 above the estimated 50 aircraft customers will take this year, as the light business plane maker targets Asia for growth.

4 hours ago

Commentary: Blockchain has been a lie all this while

Desmond Lachman - Far from ushering in a utopia, blockchain has given rise to a familiar form of economic hell, says Nouriel Roubini.

4 hours ago

Temasek launches first Singapore dollar bond for retail investors

Mars Woo - Temasek Financial is offering up to S$200 million to retail investors and another S$200 million to institutional, accredited, and other specified investors. The post Temasek launches first Singapore dollar bond for retail investors appeared first on DealStreetAsia.

4 hours ago

Netflix eases Wall Street worries with record quarter

Desmond Lachman - Netflix Inc added more subscribers than expected in the third quarter, as new seasons of original shows such as "Orange is The New Black" and "BoJack Horseman" pulled in users.