14 minutes ago
Intuit to cut 17% of global jobs to streamline operations: memo
It joins a growing list of companies that have announced job cuts this year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
47 minutes ago
S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (May 20), lifted by a rebound in chip stocks ahead...
1 hour ago
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".
2 hours ago
MAS revokes Bsquared crypto permit over ‘serious breaches’
The company’s license was revoked as of May 14
2 hours ago
StanChart CEO seeks to reassure staff members over 'lower value human capital' comment
The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.
2 hours ago
Former OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences
Evan See - One is convicted of abetting false trading and the other, of engaging in insider trading
2 hours ago
Chatbots struggle with news accuracy and sourcing ahead of US midterms
xAI’s Grok returned at least a factual error nearly 52 per cent of the time
4 hours ago
Singapore stocks end lower amid downbeat regional showing; STI down 0.5%
Shikhar Gupta - Wilmar International leads the gainers on the blue-chip index, rising 2.2%
4 hours ago
Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Evan See - Superbank, which completed an IPO in Indonesia in December 2025, has a market capitalisation of US$1.6 billion
5 hours ago
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Janice Heng - By keeping high-value functions here and moving production out, local manufacturers are doing just what the Economic Strategy Review proposes
5 hours ago
Nestle and Danone face fresh scrutiny over infant formula recalls
A toxin was detected in an ingredient supplied by China’s CABIO Biotech
5 hours ago
Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream
Jude Chan - A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become
6 hours ago
MAS revokes Bsquared Technology's major payment institution licence
The Edge Singapore - The Monetary Authority of Singapore (MAS) has revoked the Major Payment Institution Licence of Bsquared Technology, or BSQ, with effect from May 14. This means BSQ is no longer permitted to provide digital payment token services in Singapore under the Payment Services Act 2019 (PS Act) from the same ...
6 hours ago
StanChart CEO reassures staff after ‘lower-value human’ backlash
Winters’ remarks drew condemnation on social media and across Asia
6 hours ago
Commercial vehicle COE premium up 5.4% at record high of S$92,223
Derryn Wong - Category B hits a six-month high, while Category A is the only premium to dip
6 hours ago
Commercial vehicle COE premium up 5.4% at new record of S$92,223
Derryn Wong - For May’s second round of bidding, the mainstream car category is the only premium to dip, by 0.4% to S$124,229
6 hours ago
H&M asks Singapore staff to reapply for jobs around Asia as part of restructuring
In a restructuring exercise that involves moving its Southeast Asia headquarters from Singapore to Kuala Lumpur, the clothing retailer has asked staff to reapply for 178 available roles, including four in Singapore.
7 hours ago
Singapore to be ‘early entrant’ in nuclear fusion supply chain with A*Star, US startup deal
Sharanya Pillai - Five-year tie-up with Commonwealth Fusion Systems comes amid global race to commercialise nuclear fusion energy
7 hours ago
Australian shares end below key 8,500 level as price pressures keep sentiment muted
AUSTRALIA’S equity benchmark closed below the psychologically key 8,500 support level for the first time since March-end on Wednesday, as worries over...
7 hours ago
European shares dip as Middle East caution lingers
EUROPEAN shares edged lower on Wednesday (May 20) as investors remained cautious with war-driven inflation fears pressurising bonds, while markets kept a...
7 hours ago
Japan's Nikkei ends near three-week low as AI-stock selloff weighs
[TOKYO] Japan’s Nikkei share average closed at a near three-week low on Wednesday (May 20), with SoftBank Group leading the decline, as...
7 hours ago
Indonesia’s tighter commodity export control raises concerns over margin pressure for producers
Elisa Valenta - Exports for key materials will go through a single-door system managed by a state-backed entity
8 hours ago
Singapore welcomes competition for AI leadership; not a zero-sum game: Gan Kim Yong
Elysia Tan - Competition will further capability, create opportunities for cross-border partnerships
8 hours ago
QAF’s subsidiary, Gardenia Foods, shifts bakery production to Johor Bahru, Malaysia
Teo Zheng Long - QAF Limited’s (SGX: Q01 ) subsidiary, Gardenia Foods, announced that it is shifting its bakery production from Singapore to Johor Bahru, Malaysia. As a result of the shift, 141 employees at the current manufacturing facility in Pandan Loop will be retrenched. The group explains that this move is p ...
8 hours ago
London’s Global Healthcare Opportunities and Singapore-based CBC Group to merge creating investment giant: FT
The merger is expected to create a US$21 billion investor employing more than 200 professionals globally
9 hours ago
Indonesia to bring commodity exports under centralised control, president says
The country is the world’s largest exporter of thermal coal and palm oil
9 hours ago
China says it will buy 200 Boeing jets, seek extension of US tariff truce
The two sides will seek reciprocal levies cuts on US$30 billion or more of goods each, the Chinese ministry says
9 hours ago
Former Citiraya CEO hit with fresh charges spanning corruption, money laundering
Deon Loke - New allegations shed more light on one of Singapore’s largest embezzlement scandals
9 hours ago
Indonesian stocks fall on tightened commodity export controls
The rupiah has hit successive record lows since the start of the Iran war
9 hours ago
Indonesian markets rebound ahead of Prabowo’s parliament speech
The rupiah has hit successive record lows since the start of the Iran war
10 hours ago
US$800 million commitment achieved by FAST-P initiative Green Investments Partnership
Lin Daoyi - The Green Investments Partnership (GIP), an initiative under Financing Asia’s Transition Partnership (FAST-P), has achieved its second close, obtaining a cumulative total of US$800 million ($1.03 billion) commitment, reveals Chee Hong Tat, Singapore’s Minister for National Development of Singapo ...
10 hours ago
Gardenia to shift bakery production from Singapore to Malaysia; 141 employees retrenched
Production at the Pandan Loop manufacturing facility will cease on Jun 30.
10 hours ago
Gardenia axes 141 staff in Singapore as it shifts bakery production to Johor Bahru
Shikhar Gupta - The city-state will still be the bread maker’s central hub, with about 250 employees
10 hours ago
QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru
Shikhar Gupta - The city-state will still be the bread maker’s central hub, with about 250 employees