17 minutes ago
Construction of Jurong Island Logistics Hub Phase 2 reaches 3rd, 4th floors: Cosco Shipping
Therese Soh - Demolition works for Phase 1 are also under way with minimal disruption to operations
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 minutes ago
Manulife US Reit H2 distributable income down 31% at US$10.6 million
Ry-Anne Lim - No distribution has been declared, in line with its recapitalisation plans and master restructuring agreement
25 minutes ago
Disney's new CEO Josh D'Amaro steps up for a wild ride
LOS ANGELES, March 18 : Josh D'Amaro officially assumes his new role as Disney's chief executive officer at Wednesday's annual shareholder meeting, taking the helm of the entertainment colossus at a time of profound change.The executive's stewardship of the company's lucrati ...
27 minutes ago
Poland plans to ban mobile phone use by under-16s in schools
WARSAW, March 18 : Poland plans to ban the use of mobile phones by under-16s in schools from September 1, the education minister said on Wednesday, joining a growing list of countries moving to limit children's screen time and social media use.Countries including the Netherlands, South Korea an ...
53 minutes ago
Temasek-linked Astrea VI private equity bonds fully redeemed with bonus paid
Ry-Anne Lim - The bonus redemption premium is 0.5% of the principal
1 hour ago
Individual who made 2.28 trillion rupiah claim on Keppel unit’s Jakarta land appeals court decision
Therese Soh - The Indonesian court has ruled his case as ‘inadmissible’ on Feb 9
2 hours ago
Iran’s Intelligence Minister reportedly killed as war expands to central Beirut
Esmail Khatib was killed a day after killing Iran’s powerful security chief
2 hours ago
UK watchdog tightens cyber incident reporting rules as attacks surge
March 18 : Britain's finance regulator confirmed new incident and third-party reporting rules on Wednesday, giving firms 12 months to prepare for clearer requirements aimed at strengthening resilience against cyber attacks and third-party disruptions.The new rules, which take effect on March 18 ...
2 hours ago
Greek firms scan computer systems as Iran war raises cyberattack risks, sources say
ATHENS, March 18 : Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war.The authority last week sent an adv ...
2 hours ago
RHB initiates ‘buy’ on Nam Cheong, betting on long-term contracts and young fleet
Koh Kim Xuan - The brokerage sets its target price for the stock at S$2.05
2 hours ago
Garuda Indonesia loss widens to US$323 million as scheduled airline revenue slips
Funding constraints have left nearly 40% of its fleet grounded for maintenance, limiting flight operations
2 hours ago
Manulife US REIT’s portfolio valuation falls 1.6% as at end-2025; FY2025 revenue drops 32% y-o-y to US$113.9 mil
Felicia Tan - Manulife US REIT (MUST) has reported a portfolio valuation of US$913.8 million ($1.17 billion) as at Dec 31, 2025, 1.6% lower than the valuation of US$928.9 million as at Dec 31, 2024. According to the REIT, portfolio weighted average discount rates fell by 12 basis points y-o-y while weighted avera ...
2 hours ago
Singapore stocks top 5,000-point mark for first time in three weeks; STI up 1.3%
Renald Yeo - The iEdge Singapore Next 50 Index is up 0.9% at 1,457.76
2 hours ago
Malaysia fertiliser producers halt new orders as Iran war drives up prices
KUALA LUMPUR/JAKARTA, March 18 : Fertiliser makers in Malaysia are suspending new orders as supply-chain disruptions and feedstock shortages stemming from the Middle East conflict drive up raw material prices, threatening to raise output costs for palm oil producers.Fertilisers can account for more ...
2 hours ago
DBS, OCBC, UOB could benefit as the Middle East’s ultra-rich relook where to park their billions
Jude Chan - The three local lenders have all spent years expanding their private banking capabilities to capture a growth in global wealth flows.
2 hours ago
UltraGreen.ai to benefit from disruption at rival; pricing power and volume to drive earnings ahead: UOBKH and Citi
The Edge Singapore - A recent cyberattack suffered by US medtech firm Stryker Corp, which competes with UltraGreen.ai in selling indocyanine green (ICG) dye used in surgeries, could be a near-term boost for the latter, according to UOB Kay Hian analysts John Cheong, Heidi Mo and Tang Kai Jie. Earlier this month, Stryker ...
3 hours ago
Nvidia gets Beijing's nod for H200 chip sales, adapts Groq chip for China, sources say
NEW YORK: Nvidia has won Beijing's approval to sell its second-most powerful artificial intelligence chips to China and is also preparing a version of the Groq AI chip that can be sold to the Chi
3 hours ago
Tencent's quarterly revenue rises 13% on gaming, AI demand
BEIJING: Tencent Holdings reported a 13 per cent increase in fourth-quarter revenue on Wednesday (May 18), driven by strong demand for gaming and growth in its artificial intelligence services, cementing its position as China's largest social media and gaming company.The Shenzhen-based firm pos ...
3 hours ago
Wing Tai unit buys freehold land in Kuala Lumpur for RM45 million
Ry-Anne Lim - Following its acquisition, the parcel will be developed into a residential project
3 hours ago
Swiss company Endress+Hauser launches tech and calibration centre in Singapore – its first in Asia
Jermaine Fok - It also plans to invest 10% of revenue annually in developing new products and technology
3 hours ago
Tencent’s quarterly revenue rises 13% on gaming, AI demand
The firm has been accelerating AI investments funded by its gaming arm
3 hours ago
Wing Tai’s Malaysian subsidiary obtains freehold land parcel at Mont Kiara for RM45 mil
Felicia Tan - Wing Tai Holdings’ wholly-owned subsidiary, Wing Kiara Sdn. Bhd., has agreed to acquire a freehold 11,092 sq m land parcel at Mont Kiara, Mukim Batu, Tempat Sungai Teba, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, for RM45 million ($14.7 million). The acquisition was completed on March ...
3 hours ago
Petrol price hike from Iran war could push consumers toward EVs, hybrids
But sharp increases at the pump are unlikely to significantly alter car-buying trends right away, analysts say
3 hours ago
Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies
About a third of the 6,300 petrol stations in the country of nearly 18 million people have shut since last Wednesday
4 hours ago
Data centre firm DayOne seeks to boost loan to record US$7 billion: sources
The funding plans underscore how AI boom remains a key driver of debt deals in the Asia-Pacific
4 hours ago
Singapore lags global peers in AI returns despite matching adoption rates: report
Nurdianah Md Nur - Singapore is keeping pace with the rest of the world in deploying artificial intelligence (AI) but is falling well short when it comes to generating measurable returns. That gap is now translating into the lowest AI budget allocations among major markets surveyed. Only 33% of Singapore-based respond ...
4 hours ago
Hong Kong's December-February unemployment falls to 3.8%
HONG KONG, March 18 : Hong Kong's seasonally adjusted unemployment rate fell to 3.8 per cent in the December to February, from 3.9 per cent in the previous three-month period, the government said on Wednesday, with decreases mainly in retail, accommodation services, foundation and superstructur ...
4 hours ago
UniCredit CEO says has 'relatively constructive' approach to digital euro
MILAN, March 18 : The introduction of the digital euro will have a negative impact on banks' liquidity and profit margins by taking away a portion of retail deposits, which are the cheapest source of funding, UniCredit CEO Andrea Orcel said.Speaking at a Morgan Stanley conference in London, Orc ...
4 hours ago
Chinese tourists ditch Japan for third month running
TOKYO: Chinese visitors to Japan tumbled 45.2 per cent in February from a year earlier, official data showed on Wednesday (May 18), as the fallout from the countries' diplomatic spat
4 hours ago
All COE premiums rise; mainstream cars rise 3.4%, large cars up 1.4%
Derryn Wong - Observers say spike in motorcycle premium – nearly 12% – is due to combination of increased demand ahead of Hari Raya Puasa
4 hours ago
All COE premiums rise; mainstream cars up 3.4%, large cars up 1.4%
Derryn Wong - Motorcycle COE premiums post a major increase of nearly 12%
4 hours ago
Singapore hedge fund FengHe to open Hong Kong office
Its flagship Asia Fund up 17.8% for the first two months
4 hours ago
Malaysia’s PAAB Establishes sustainable Islamic finance framework with Maybank IB as sole sustainability structuring adv
Samantha Chiew - Malaysia's Pengurusan Aset Air Berhad (PAAB), wholly owned company of the Minister of Finance (Incorporated), has established Sustainable Islamic Finance Framework with Maybank Investment Bank (Maybank IB) acted as Sole Sustainability Structuring Adviser. Notably, the framework is the first in ...
4 hours ago
Thai pension fund needs reform, hits risk limit on selloff
BANGKOK, 18 : Thailand's $88 billion pension fund urgently needs to reform governance and diversify its investments, two of the fund's executives told Reuters, after a recent selloff triggered by the Middle East conflict raised a warning about massive loss risks.The country's largest ...