50 minutes ago
Indonesia’s US$52 billion fund to invest 5% of assets abroad
The plan marks a key shift for BPJS TK has outgrown Indonesia’s shallow capital markets
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
57 minutes ago
Foxconn showcases 'Model A' electric vehicle at tech day event
TAIPEI :Foxconn Chief Strategy Officer Jun Seki on Friday showcased the company's "Model A" electric vehicle at the Taiwan contract chip manufacturer's tech day in Taipei.
1 hour ago
PM Wong heads to South Africa for G20 summit, followed by first official visit to Ethiopia
Sharon See - This is his first visit to Africa since taking the helm
1 hour ago
‘Baby Shark’ creator’s 62% wipeout sinks stock below IPO price
Pricing has also landed at the high end of its marketed range
1 hour ago
Finance minister says Thai economy is stable, sees Q4 growth picking up
BANGKOK :The Thai economy is very stable and government stimulus measures will give growth a boost in the final quarter of 2025, the finance minister said on Friday. Inflation and unemployment were low, Ekniti Nitithanprapas told a business forum, adding the government will keep the public debt rat ...
2 hours ago
STI tumbles 1% amid rout in Asia markets; Nikkei, Hang Seng fall more than 2%
Therese Soh - The STI decline comes as markets across Asia see significant setbacks
2 hours ago
Foxconn can make 1,000 AI racks a week, to increase next year, chairman says
TAIPEI :Foxconn Chairman Young Liu said on Friday the company now had the capability to manufacture 1,000 artificial intelligence racks per week, and it expected that rate to increase next year.Liu made the comments at the contract electronics manufacturer's tech day, which was attended by Foxc ...
2 hours ago
Joby Aviation sues air-taxi rival Archer over trade secrets
eVTOL aircraft firms are racing to bring their vehicles to market, aiming to meet a demand for faster, more sustainable urban transportation
2 hours ago
Rupee poised for muted open with Asia FX navigating risk-off, lower US yields
MUMBAI :The Indian rupee is set for a quiet open on Friday, with Asian currencies largely absorbing the latest bout of risk-off sentiment, supported by a slide in U.S. Treasury yields. The 1-month non-deliverable forward indicated the rupee will open largely unchanged versus the U.S. dollar, having ...
2 hours ago
Gold falls as strong US jobs data dims rate-cut prospects
Bullion has lost 0.3% so far this week
3 hours ago
Oil extends decline by 1.5% on hopes for Russia-Ukraine peace deal
Oil prices fell 1.5 per cent on Friday, extending declines for a third straight session as the United States pushed for a Russia-Ukraine peace deal that could swell global market supply, while uncertainty over its rate cuts curbed investors' risk appetite.Brent crude futures fell 93 cents, or ...
3 hours ago
China’s fluid humanoid stuns – but US still rules robot brains
XPeng’s breakthrough has also drawn international attention
3 hours ago
Nickel investors on edge as Indonesia tightens the screws on smelters
Elisa Valenta - New rules require applicants for refinery permits to stop producing intermediate nickel products
3 hours ago
Asia tech stocks tumble on AI bubble fears
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
3 hours ago
Private education operators could potentially see renewed investor appetite
Teo Zheng Long - Private education operators listed on the Singapore Exchange (SGX) play a significant role in the region’s education and skills development ecosystem. As Singapore is a tightly regulated, globally connected education hub, these companies deliver a broad spectrum of academic programmes, vocational ...
3 hours ago
Samsung Elec names mobile chief co-CEO in return to traditional structure
SEOUL :Samsung Electronics said on Friday it has named its mobile chief TM Roh as a new co-CEO and head of its device experience division, which oversees the company's mobile phone, TV and home appliance businesses. The appointment returns Samsung to its traditional co-CEO structure, which divi ...
4 hours ago
Bank of Japan drops fresh hints of near-term rate hike as yen slides
TOKYO :The Bank of Japan will discuss at upcoming policy meetings the feasibility and timing of a rate hike with a focus on next year's wage-growth impulse, governor Kazuo Ueda said, signalling the chance of a near-term rise in still-low borrowing costs.The remarks, which came after data showed ...
4 hours ago
Salesforce says customer data possibly exposed following incident
(Corrects name of cybersecurity expert cited in paragraph 7)By Raphael SatterWASHINGTON :Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data.In a brief statement published to its status portal, Salesf
4 hours ago
Singapore Paincare settles dispute over claims worth S$350,000 to S$450,000
Therese Soh - It did not disclose the amount of the settlement
4 hours ago
Stocks crumble as US jobs fail to clear Fed outlook, tech hammered
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
4 hours ago
Coliwoo enters joint venture to acquire 1 King George’s Avenue property for S$40 million
Deon Loke - Rehau Building will be turned into a co-living space in this JV with Macritchie Developments
4 hours ago
Singapore's key exports fall by 3.3% in Q3 after four straight quarters of growth
Enterprise Singapore also narrowed the 2025 forecast to around 2.5 per cent from an earlier projection of between 1 to 3 per cent.
4 hours ago
Japan factory activity down for fifth month in November, PMI shows
TOKYO :Japan's manufacturing activity contracted for a fifth month in November, albeit at a slower pace than in the previous month due to a softer decline in output, a private-sector survey showed on Thursday.The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) ros ...
5 hours ago
Paramount, Comcast and Netflix submit bids for Warner Bros Discovery: source
The bids represent the first step in the possible sale of all or part of the century-old Hollywood studio
5 hours ago
Japan signals chance of currency intervention, yen rises
TOKYO :Japan sees currency intervention as a possibility in dealing with excessively volatile and speculative moves in the yen, Finance Minister Satsuki Katayama said on Friday, in the strongest warning to date against recent falls in the currency. "We are alarmed by recent one-sided, sharp mov ...
5 hours ago
Stocks to watch: Hongkong Land, ComfortDelGro, IReit Global, Coliwoo
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 21):
5 hours ago
Singapore raises 2025 growth forecast to ‘around 4%’, expects 1-3% growth in 2026
Low Youjin - The upgrade is due to better-than-expected Q3 performance, driven by AI chips
5 hours ago
Singapore narrows 2025 NODX forecast to ‘around 2.5%’, expects ‘moderated growth’ in 2026
Paige Lim - Enterprise SG expects NODX to grow by 0 to 2% in 2026, in line with the global trade outlook
5 hours ago
Singapore upgrades 2025 GDP growth forecast to around 4% after third quarter beats estimates
Singapore's economy grew 4.2 per cent in the third quarter, higher than the 2.9 per cent advance estimate.
5 hours ago
Deutsche Bank warns of Japan capital flight in echo of UK crisis
Concerns over Takaichi’s spending plans have sent government bond yields to multi-decade highs and the yen has weakened to its lowest level...
5 hours ago
Japan's core inflation accelerates in October, stays above BOJ target
TOKYO :Japan's core consumer prices rose 3.0 per cent in October from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target and keeping alive expectations of a near-term interest rate hike.The increase in the core consumer price index (CPI), which exclud ...
5 hours ago
US lawmakers target Chinese chipmaking equipment imports by Chips Act grant recipients
The bill targets a range of chipmaking tools from complex lithography equipment to machines that slice and dice the silicon wafers on...
5 hours ago
Japan Oct core CPI rises 3.0% yr/yr
TOKYO, Nov 21 : Japan's core consumer prices rose 3.0 per cent in October from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 3.0 per cent annual gai ...
6 hours ago
Verizon cutting more than 13,000 jobs as it restructures
Most of the cuts are to its US workforce