9 hours ago
BRC Asia H2 profit falls 5% to S$52.2 million
Jessie Lim - Revenue up 16% at S$837.4 million, driven by stronger project offtake
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
BRC Asia's 2HFY2025 earnings dip 5% y-o-y to $52.2 mil
The Edge Singapore - BRC Asia has reported revenue of $837.4 million for its 2HFY2025, up 16% y-o-y. However, earnings in the same period was down 5% y-o-y to $52.2 million with lower net margins. For the full year ended Sept 30, the steel supplier reported earnings of $94.3 million, up 1% y-o-y. Revenue in the same per ...
9 hours ago
Wingtech urges Nexperia to respond on control dispute as it appeals Dutch decision over ownership
The Dutch suspend their Nexperia intervention but but do not revoke the original Sep 30 ruling
9 hours ago
BHP makes renewed takeover approach to Anglo American: sources
The commodities giant has made overtures to Anglo American in recent days
10 hours ago
‘My uncle Robert Kuok would expel me’ if true: Kuok Khoon Hong, rejecting conviction of Wilmar’s China unit
Jessie Lim - Shocked by the judgment, Kuok Khoon Hong says if he had done such a thing, his uncle would expel him from the family
10 hours ago
‘My uncle Robert Kuok would expel me’ if true: Kuok Koon Hong rejecting conviction of Wilmar’s China unit
Jessie Lim - Calling the finding ‘inconceivable’, Kuok Khoon Hong says if he had done such a thing, his uncle would have expelled him from...
11 hours ago
Investors eye holiday season turbulence amid AI and rate cut doubts
A crucial uncertainty set to dog markets in coming days is whether the Fed will cut rates at its Dec 9 to...
11 hours ago
Analysis:Investors eye holiday season turbulence amid AI and rate cut doubts
NEW YORK :Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest rate cuts and mounting worries that artificial intelligence companies, which have propelled the market to new records this year, are overvalued.The market continued ...
13 hours ago
Beyond property development: Far East Orchard leans on student accommodation for recurring income
Low Youjin - It aims to expand the segment and build up fund management capabilities
14 hours ago
World-beating stock rally creates new headaches in South Korean market
Up 61% so far in 2025, Kospi is on track to post their strongest gains in a quarter century
14 hours ago
JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor’s hack: report
SitusAMC sys the affected data included corporate information tied to some clients’ dealings with the company
14 hours ago
Making SGX small and mid-caps great again: MAS-appointed funds can lead the charge
Ranamita Chakraborty - Many of 240 such stocks neglected despite robust fundamentals; nine funds named so far under S$5b scheme to energise local equity could...
14 hours ago
Fund managers expect EQDP to boost valuations and liquidity for small- and mid-caps
Ranamita Chakraborty - Managers research and invest in the segment while cultivating relationships with the companies and targeting niche growth areas
14 hours ago
Singapore’s equity market push could spark re-rating for small and mid-caps: fund managers
Ranamita Chakraborty - Many companies in this segment historically have depressed valuations despite having attractive fundamentals
14 hours ago
Making SGX small and mid-caps great again: MAS-appointed fund managers could lead charge
Ranamita Chakraborty - Many of 240 such stocks neglected despite robust fundamentals; nine funds named so far under S$5b scheme to energise local equity could...
14 hours ago
Making SGX small and mid-caps great again: MAS-appointed fund managers lead the charge
Ranamita Chakraborty - Many of 240 such stocks neglected despite robust fundamentals; nine funds named so far under S$5b scheme to energise local equity could...
14 hours ago
More than 6 in 10 retail investors in Singapore hold crypto, but allocation size conservative: survey
Young Zhan Heng - 44% view crypto as an asset; almost one-third deem it a speculative tool
14 hours ago
Meta buried ‘causal’ evidence of social media harm, US court filings allege
The company allegedly ignored valid research findings on mental health impacts
14 hours ago
Johor to implement RM3 hotel tax for overnight visitors from 2026
The move also strengthens checks on unlicensed hotels, B&Bs and ensures operators meet safety rules
16 hours ago
Investing? Look beyond the S&P 500, says The Library of Mistakes’ founder
Benicia Tan - BT exclusive: The concept dedicated to the study of financial history comes to Singapore in 2027
18 hours ago
JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor's hack, NYT reports
Client data for JPMorgan Chase, Citi, Morgan Stanley and other major banks may have been accessed in a hack of a technology vendor, the New York Times reported on Saturday, citing people familiar with the matter. SitusAMC said in a statement on its website on Saturday that it had been the subject o ...
18 hours ago
Major banks, including JPMorgan and Citi, warned of data exposure after hack, NYT reports
SitusAMC, a technology vendor for real estate lenders said on Saturday that it had been the subject of a cyberattack on November 12, the New York Times reported on Saturday. JPMorgan Chase, Citi and Morgan Stanley are among those that have been notified by SitusAMC that their client data may have be ...
18 hours ago
Positive momentum for office S-Reits as vacancy rates ease and rents climb
CICT, Suntec Reit and Keppel Reit among those that have benefited
18 hours ago
Institutions net sellers of Singapore stocks, reversing previous week’s net inflow
[SINGAPORE] Over the five trading sessions from Nov 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow...
18 hours ago
Tourism and real estate stocks dominate filed transactions
[SINGAPORE] Over the five trading sessions from Nov 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow...
19 hours ago
Banks get US$2.6 trillion from deregulation, Jefferies says
[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according...
20 hours ago
Ubisoft finalises Tencent accord as it resumes trading
[PARIS] After a week away from the markets’ glare when the postponement of its results triggered speculation in the gaming world, French...
21 hours ago
Thai central bank sees room for rate cut, wants a weaker baht
THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to ease monetary...
21 hours ago
Oracle slump sends Ellison sliding down ranks of world’s richest
[NEW YORK] A frenzied, artificial intelligence (AI)-fuelled rally in Oracle stock briefly made Larry Ellison the world’s richest person in September. But...
22 hours ago
Canva’s Obrecht says firm eyeing IPO in ‘next couple of years’
[SYDNEY] Canva, Australia’s most high profile startup, has had a surge in users of its new product suite as it builds toward...
22 hours ago
Meta buried 'causal' evidence of social media harm, US court filings allege
22 hours ago
Trump team internally floats idea of selling Nvidia H200 chips to China
[HONG KONG] US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence (AI) chips to China,...
1 day ago
UAE announces $1 billion initiative to expand AI in Africa
JOHANNESBURG :The United Arab Emirates said on Saturday it will invest $1 billion to expand AI infrastructure and AI-enabled services across Africa, with the aim of helping countries meet national development priorities. UAE Minister of State Saeed Bin Mubarak Al Hajeri announced the "AI for de ...
2 days ago
Hatten Land to acquire construction business in $24 million RTO deal
The Edge Singapore - Hatten Land, which is under judicial management, is acquiring a construction business in a reverse-takeover deal worth $24 million. The developer, known for its Malacca developments, plans to pay for the acquisition of Metrocon by paying its owner, LBD Engineering, some 5.57 billion new shares. If t ...