30 minutes ago
mm2 Asia unit receives payment demand for S$18.9 million from creditor
Shikhar Gupta - Solicitors are acting on behalf of Yi Xianhuang
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
South Korea's L&F says value of battery material supply deal with Tesla cut to $7,386
SEOUL, Dec 29 : South Korean battery material maker L&F said on Monday the value of its 2023 supply deal with Tesla has shrunk to $7,386 from an earlier projection of $2.9 billion. In 2023, L&F said it had signed a deal to supply high nickel cathode materials to Tesla and i ...
1 hour ago
Vietnam faces external challenges to growing 10% next year, central bank says
HANOI, Dec 29 : Tariffs and monetary policy in other countries will make it harder for Vietnam's central bank to get its policy settings right and hit an economic growth target of more than 10 per cent next year, a senior State Bank of Vietnam official said at a press conference on Monday ...
2 hours ago
Silver breaks records in explosive year-end rally amid structural shortages
Samantha Chiew - Silver has surged to record highs in a volatile year-end rally, extending a 2025 run that has outpaced gold by a wide margin and sharpened debate over whether the move is rooted in fundamentals or momentum. By Dec 26, gold and silver were up about 70% to 72% and 140% to 150% respectively for the yea ...
3 hours ago
Oatside’s early investor sells partial stake to Far East Organization’s family office Far East Capital
Far East Capital has bought preference shares in Singapore-based Oatside, a major manufacturer of oat milk, via a secondary sale in late...
3 hours ago
Cambodian tycoon Chen Zhi linked to scams: Authorities to seize more assets in Singapore
[SINGAPORE] More assets in Singapore linked to Cambodian businessman Chen Zhi and his firm, Prince Group, may be seized after their existence was disclosed in...
3 hours ago
SoftBank nears deal for data center investment firm DigitalBridge, Bloomberg News reports
Dec 29 : SoftBank is in advanced talks to acquire DigitalBridge, Bloomberg News reported on Monday, citing people familiar with the matter. SoftBank could announce an agreement as soon as Monday, the report said. Reuters could not immediately verify the report.
4 hours ago
South Korea exports hit record high in 2025
SEOUL, Dec 29 : South Korea's exports this year have surpassed $700 billion for the first time, the trade ministry said on Monday.The milestone of $700 billion was hit as of 0403 GMT on Monday, the ministry said.Exports from Asia's fourth-largest economy recorded an all-time hi ...
4 hours ago
China to pay interest on digital yuan in bid to boost adoption
Whether the new interest-bearing arrangements will promote significantly wider adoption of the E-CNY remains unclear
5 hours ago
Government launches 11.1 ha of industrial land for H1 2026 amid rising rents
Therese Soh - Six sites on the confirmed list have a total area of 8.58 ha
5 hours ago
Government launches 11.1 ha of industrial land for 2026 amid rising rents
Therese Soh - Six sites on the confirmed list for H1 2026 have a total area of 8.58 ha
5 hours ago
China’s Leapmotor targets annual sales of more than four million units in a decade
Stellantis controls a joint venture that sells and produces cars for the company overseas
5 hours ago
Autobahn Rent A Car group appeals dismissed moratorium, reveals potential SGX listco investor
Derryn Wong - The group has also filed for a new six-week interim moratorium to facilitate investment negotiations
5 hours ago
Thai IPO drought may persist as issuers chase valuations abroad
The country’s benchmark stock index is Asia’s worst performer this year, declining about 9%
5 hours ago
Stocks mostly rise, precious metals slip in quiet Asian trade
Gold and silver both hitting record highs on expectations for more rate cuts
5 hours ago
Nio shares climb as much as 6.7% on report of more CATL reliance
Shikhar Gupta - CATL will supply 100 kWh batteries to the Nio brand and 85 kWh batteries to the Onvo brand, says CnEVPost
6 hours ago
India claims US$30 billion from Reliance Industries, BP for underproduction from gas field: sources
A tribunal has been hearing the dispute in India since 2016 over gas produced from two deepwater fields
6 hours ago
Hong Kong home prices rise for sixth month as market sentiment perks up
HONG KONG, Dec 29 : Private home prices in Hong Kong grew 0.9 per cent month-on-month in November, the sixth month of increase in a row, government data showed on Monday, as interest rate cuts and a vibrant stock market supported sentiment.BY THE NUMBERSHome prices climbed 0.9 per cent in Novembe ...
6 hours ago
China’s LandSpace gears up to take on Elon Musk and SpaceX
The country’s state-led space programme has historically been allergic to failed launches
7 hours ago
Ever Glory eyes more acquisitions and overseas markets after Mainboard debut, says CEO Xu
Felicia Tan - Ever Glory United debuted on the Singapore Exchange’s (SGX) Mainboard on Dec 29, just two years after its listing on the Catalist board on May 18, 2023. In an August interview with The Edge Singapore, CEO Xu Ruibing said that the mechanical and engineering (M&E) group had “the right” to li ...
7 hours ago
BOJ debated need for more rate hikes even after December move, summary shows
The central bank has said underlying inflation must durably hit its target to justify further rate hikes
7 hours ago
Imagining a housing market without ABSD
Leslie Yee - A world where the private homes market has fewer shackles and all locals can buy new HDB flats
7 hours ago
Indonesia set to revamp benchmark rates for money market
Institutions use Jibor to determine interest rates for bank deposits, swaps and consumer loans, among other things
7 hours ago
China's BYD poised to overtake Tesla in 2025 EV sales
The two groups are expected soon to publish their final figures for 2025
8 hours ago
PM Wong to deliver Singapore’s Budget 2026 statement on Feb 12
Therese Soh - MOF, Reach and PA will engage the public for their views and suggestions until Jan 12
8 hours ago
Oil rises as investors weigh outcome of Trump-Zelensky meeting
The peace talks did not reach an agreement on territorial issues
8 hours ago
Oil gains as investors weigh Middle East tensions
Dec 29 : Oil prices rose in early Asian trading on Monday as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the Russia–Ukraine peace talks. Brent crude futures rose 57 cents or 0.94 per cent to $61.21 per barrel by 0112 GMT, while U.S. West Tex ...
8 hours ago
Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
Therese Soh - The capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group
8 hours ago
Return of global funds puts South-east Asia in spotlight for 2026
Markets in Indonesia and Thailand have led the way in luring investors back
8 hours ago
Yen stages a partial recovery as BOJ hikes, intervention risks weighed
TOKYO, Dec 29 : The yen recovered some ground on Monday following a steep drop at the end of last week as markets weighed the timing of more interest rate hikes in Japan and the possibility of intervention in thin end-of-year trading.Bank of Japan policymakers debated the need to continue raising ...
8 hours ago
Spindex Industries fixes court hearing on Jan 8, targets delisting by Feb 13
Kwan Wei Kevin Tan - Precision engineering manufacturer Spindex Industries says a Jan 8 court hearing has been scheduled to sanction the proposed acquisition of the company by PrimeMovers Equity-backed vehicle Skyline II. In an earlier bourse filing on Dec 18, Spindex says the scheme resolution was passed by 80% of shar ...
9 hours ago
Coupang announces $1.18 billion compensation to South Korea users for data leak
SEOUL, Dec 29 : South Korean e-commerce company Coupang announced on Monday a compensation package of 1.69 trillion won ($1.18 billion) to holders of 33.7 million accounts for a massive data leak that has drawn backlash from users and lawmakers. ($1 = 1,434.6000 won)
9 hours ago
Coupang announces $1.18 billion compensation to South Korean users for data leak
SEOUL, Dec 29 : South Korean e-commerce company Coupang announced on Monday a compensation package of 1.69 trillion won ($1.18 billion) to holders of 33.7 million accounts for a massive data leak that has drawn backlash from users and lawmakers. Coupang said users will get vouchers of 50 ...
9 hours ago
Why silver price has been surging even more than gold
Global demand for silver has outpaced the output from mines for five consecutive years