6 hours ago
Teo Siong Seng price-fixing allegation: PIL declines comment on Singamas’ legal matters
Tay Peck Gek - Singamas Container Holdings’ share price falls 13.6% on news of a collusion among execs of 4 key container makers
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
Microsoft and EY to spend US$1 billion to help clients adopt AI
TECHNOLOGY giant Microsoft and consulting firm EY are partnering to spend more than US$1 billion to encourage their clients to launch major...
7 hours ago
How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage
Derryn Wong - He explains why good leaders need to own everything, recruit people smarter than them and ‘over-communicate’
7 hours ago
From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture
Elysia Tan - As the travel group advances, the CEO spotlights women and tech
7 hours ago
Grab group CEO Anthony Tan takes top prize at 41st Singapore Business Awards
Elysia Tan - Other winners at the annual event include Sats’ Kerry Mok and Trip.com’s Jane Sun
7 hours ago
JP Morgan retains overweight recommendation for MLT with a lower price target
The Edge Singapore - In a report dated May 21, JP Morgan maintained an overweight rating for Mapletree Logistics Trust (MLT) but revised its price target down by 10 cents to $1.40 by end-June 2027. The analysts Mervin Song and Terence Khi believe that the worst is over for the time being, and its distributions per unit ...
8 hours ago
Wall St opens lower as oil jumps on renewed Mideast concerns
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (May 21) as oil prices surged following a Reuters report that Iran’s...
8 hours ago
Paris appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash
[PARIS] A Paris appeals court on Thursday found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio-Paris plane crash that killed...
8 hours ago
Core strengths, new capabilities and more connectivity key to Singapore’s future: Chan Chun Sing
Elysia Tan - Beyond current issues, we must also ‘scan the horizon’ to be prepared for the future, says the minister
8 hours ago
China’s first humanoid robot incubator has its eyes set on South-east Asia – starting with a Singapore office
Tan Weizhen - It hopes to connect Chinese manufacturers with the city-state’s various application scenarios
8 hours ago
JustCo’s IPO 3.4 times subscribed at 94 cents per share
Gerine Tang Yi Qian - The initial public offering (IPO) of Singapore-grown flexible workspace operator JustCo, comprising approximately 32.09 million shares priced at 94 cents each, was 3.4 times subscribed. Together with $69.8 million in secured cornerstone commitments, the offering raised about $100 million. The IPO co ...
8 hours ago
JP Morgan upgrades Keppel after failed M1 sale
The Edge Singapore - JP Morgan has just upgraded Keppel to overweight from neutral on May 21. JP Morgan had kept its neutral rating as recently as April 23, following Keppel’s 1Q2026 results. In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA annou ...
9 hours ago
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Kalpana Rashiwala - CK Tang family’s Victoria Park Close mansion sells for S$63 million
9 hours ago
US to invest in quantum computing firms in exchange for stakes
THE Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for...
9 hours ago
Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht
Evan See - Revenue is down 16.2% at 5.49 billion baht, from 6.55 billion baht a year earlier
9 hours ago
Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon
Janice Lim - Singapore will work on carbon markets, nature-based resilience, climate resilience as the bloc’s chair in 2027
9 hours ago
Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles
Evan See - The EV maker’s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier
9 hours ago
Oil hits session high on report Iran wants to keep its uranium
The Strait of Hormuz closure was the market’s most severe supply disruption on record
10 hours ago
Bukit Sembawang posts FY2026 earnings of $128.6 mil, 13% higher y-o-y; declares total dividend of 22 cents
Teo Zheng Long - Bukit Sembawang (SGX: B61 ) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y. Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development ...
10 hours ago
Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million
Evan See - It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million
10 hours ago
AIMS APAC REIT secures unsecured sustainability-linked loan facilities and syndicated facility with green loan tranche
Teo Zheng Long - AIMS APAC REIT (AA REIT) (SGX: O5RU ) announced that it has secured its second unsecured sustainability-linked loan (SLL) comprising of revolving credit facilities of $450 million and A$160 million. AA REIT states that the facilities were arranged by UOB Singapore, which acts as sole coordinator, ma ...
10 hours ago
Executive assistants making US$100,000 a year are losing jobs to AI
Much of assistants’ workloads may soon require little or no human labour
10 hours ago
Manus weighs raising US$1 billion to unwind Meta takeover
Reversing a major deal within months of completion is virtually unheard-of
11 hours ago
Asiatic warns it will report a loss for FY2026 due to impairment
The Edge Singapore - Asiatic Group (Holdings) warns that it will report a net loss for its year ended March, due to an impairment it is making on an investment held for sale. The company plans to report on or before May 30. For the nine months to Dec 2025, Asiatic reported a loss of $143,000, from earnings of $815,000 i ...
11 hours ago
Woman wins appeal in 99-to-1 property purchase dispute with ex-boyfriend, owns majority of condo unit despite paying less
The woman said her ex-boyfriend had promised to give her 99 per cent ownership of the unit "to assure her that he wanted to settle down with her and would not cheat on her".
11 hours ago
KSH has turned profitable for FY2026
The Edge Singapore - KSH Holdings expects to report a profit for its year ended March, reversing from a loss incurred in the preceding year. The company attributes this to improvements in its construction business. Two months ago, KSH announced that its order book has reached around $1 billion. KSH expects to report on ...
11 hours ago
As AI reshapes entry-level work, fresh grads must prepare for the ‘third-year job’: panel
Meera Pathmanathan - They will need to place greater emphasis on internships, work-study programmes and adaptability
12 hours ago
Singapore stocks end flattish amid mixed regional showing; STI up 0.02%
Evan See - Venture Corporation leads the gainers on the blue-chip index
12 hours ago
Singapore stocks end higher amid mixed regional showing; STI up 0.02%
Evan See - Venture Corporation leads the gainers on the blue-chip index, rising 2.5% to S$17.65
12 hours ago
Thai watchdog to sue Volvo Cars over EX30 fires as consumers demand refunds
There are over 1,600 EX30s in Thailand
13 hours ago
Policy changes, construction demand push commercial vehicle COE premiums to new record
Derryn Wong - Big infrastructure projects and changing policy keep Category C high, which could disadvantage smaller players
13 hours ago
Goldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO
Banks have been battling for months to take the top spot on the highly anticipated IPO
13 hours ago
Some financial institutions call for pause in BOJ bond taper: survey
SOME financial institutions urged the Bank of Japan to pause its bond taper from next fiscal year onward and keep buying at...
13 hours ago
BOJ faces calls to pause bond taper as energy shock jolts yields
SOME Bank of Japan drew some requests to pause its bond taper plan, its survey of investors showed, as recent sharp bond...