16 minutes ago
SGX seeks greater sector diversity in IPOs; aims to attract more AI firms
Ranamita Chakraborty - Diversity in investors and EQDP fund managers are also critical, say MAS and JP Morgan Asset Management
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 minutes ago
IMDA reviewing resilience regulations in wake of Singtel disruptions
Young Zhan Heng - No evidence of cyberattacks but the authority does not rule out that 3 outage incidents at the telco were related in some...
23 minutes ago
Changes to regulatory regime in new Bill pave way for SGX-Nasdaq dual listings
Jean Low - The amendments will underpin the working of the new Global Listing Board to be set up by SGX and Nasdaq
48 minutes ago
Frasers Property-Mitsubishi Estate JV tops four bids for Kallang Close GLS site at $1,415 psf ppr
Jovi Ho - A joint venture between Frasers Property and Mitsubishi Estate has emerged as the top bidder for a government land sales (GLS) site at Kallang Close, which can potentially yield 470 residential units. Out of four bids, Frasers Property Phoenix and MJR Investment submitted the highest bid of $610.75 ...
52 minutes ago
Frasers Property, Mitsubishi Estate JV places S$610.75 million top bid for Kallang Close site
Kalpana Rashiwala - This translates to S$1,415 psf ppr; site fetches four bids
57 minutes ago
Billionaire Bill Ackman pitches 56 billion-euro Universal Music deal to boost shares
UMG shareholders who agree to the deal will get 9.4 billion euros in cash, plus 0.77 shares of the new company
1 hour ago
Sustainability reporting credential launched to help businesses identify job-ready talent in the field
Lin Daoyi - It may soon be easier for Singapore businesses, including public-listed companies, to identify and hire qualified sustainability reporting professionals. With sustainability reporting compulsory for SGX-listed companies and gaining traction overall in Singapore, there is growing recognition of the n ...
1 hour ago
With twice as many listings as S’pore, C-REIT market will ‘grow very fast’: Aprea chair John Lim
Jovi Ho - The beauty of the REIT structure is that owners can attract capital while still controlling the portfolio assets, says John Lim, the industry veteran who co-founded real estate fund manager ARA Asset Management in 2002 and later co-founded Suntec REIT. This feature will allow the Chinese REIT (C-REI ...
1 hour ago
Frencken's Au trims stake with 70,000 shares sold at $2.15 each
The Edge Singapore - Dennis Au, Frencken Group's president, has taken advantage of the recent gains in the company's share price to trim his stake. On April 7, Au sold 70,000 shares for $150,500, or $2.15 each. Following this sale, Au retains 4,717,000 shares, equivalent to 1.1% of the company. Prior to Au ...
1 hour ago
Japan sees weakening economic momentum, early signs of war-induced pain
TOKYO, April 7 : An index measuring the health of Japan's economy slid in February, government data showed on Tuesday, highlighting a soft spot in the economy even before it faced fallout from the Iran war.A recent private survey also showed an increase in bankruptcy cases in the house painting ...
1 hour ago
MUFG affiliate Jaccs acquires 49% of Singapore’s CarTimes Capital as part of regional expansion
Derryn Wong - This follows a similar move in Malaysia last year as Jaccs increases its automotive footprint in South-east Asia to six markets
1 hour ago
Oil prices rally, stocks edge up after Trump's latest Iran threat
HONG KONG: Oil prices rose Tuesday (Apr 7) while equities edged up tentatively as investors assessed Donald Trump's latest deadline for Iran to reopen the strategic Strait of Hormuz or be "decimated".As the Middle East war entered its sixth week, the US president warned Tehran that it ...
2 hours ago
Fuel price surge pushes Philippine inflation above central bank target
MANILA, April 7 : The Philippines’ annual inflation rate accelerated more than expected in March, breaching the central bank’s 2 per cent to 4 per cent target range, driven largely by a sharp increase in fuel prices amid escalating tensions in the Middle East.Headline inflation rose to 4.1 per c ...
2 hours ago
Goldman, BOA, Citadel clash with retail brokers over options clearing
Three firms back controversial plan to revamp how member-funded default pots are tallied up
2 hours ago
Indonesia to cut airfare tax to cushion fuel surcharge hike
The government is budgeting US$76 million a month to ensure flights remain affordable
2 hours ago
Former Cathay cinema operator gets 4-month extension for debt moratorium
Therese Soh - A previous plan to raise S$14 million via a placement of 1.9 billion shares had fallen through
3 hours ago
OCBC ups ante on SME sustainability with S$25 billion financing target
Renald Yeo - Head of global commercial banking notes that this is the first time a bank in Asia has set a dedicated sustainable finance...
4 hours ago
US removes inaccurate claim of Singapore’s 2024 trade surplus from unfair trade probe; investigations ongoing: MTI
Jermaine Fok - Further updates expected; 10% tariffs on the Republic’s exports remain unchanged
4 hours ago
Hong Leong Holdings’ 863-unit Tengah Garden Residences priced from $1,779 psf
Jovi Ho - Hong Leong Holdings will start previewing its 863-unit Tengah Garden Residences on April 11. The project marks the first private residential development with retail amenities in Tengah New Town, and follows three executive condominium developments in the precinct: Copen Grand, Novo Place and Otto Pl ...
4 hours ago
Tickrs maintains ‘buy’ call on Hafary and target price of 58 cents given recent pull back in share price
Teo Zheng Long - Analyst Jaimes Chao of Tickrs Financial has maintained his “buy” recommendation for Singapore's leading building material supplier Hafary Holdings Limited (SGX: 5VS ) (Hafary), given recent share price pullback presents a better entry point for investors. In his March 31 report, Chao highli ...
4 hours ago
Why Singapore’s AI ambitions will stall without the right enterprise foundations
Victor Ng - Artificial intelligence (AI) is rapidly becoming embedded across Singapore’s economy, with growing adoption across sectors. This momentum aligns with the ambitions outlined in the National AI Strategy 2.0, further supported by expanded funding and upskilling initiatives announced in Budget 2026. H ...
4 hours ago
Controlling interest in Stars of Kovan retail podium for sale
Jovi Ho - A controlling interest in the Stars of Kovan retail podium is up for sale via expression of interest, according to Sakal Real Estate. The retail portfolio comprises 36 strata retail units totalling 2,103 sqm (22,638 sq ft) and a basement carpark facility spanning 2,440 sqm (26,624 sq ft) with 80 lot ...
4 hours ago
Pershing Square proposes $64 billion Universal Music merger with acquisition company
April 7 : Bill Ackman's Pershing Square on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to list in the United States in a deal aimed at reviving the world's biggest music label's value.Pershing Square's cash-and-shares offer values Unive ...
4 hours ago
Ackman's Pershing Square offers to buy Universal Music for nearly $65 billion
April 7 : Bill Ackman's Pershing Square said on Tuesday it proposed to buy Universal Music Group in a cash-and-stock deal worth about 55.75 billion euros ($64.31 billion).The deal value is based on Reuters calculations.Pershing Square said its offer estimates Universal Music at about 30.4 euros ...
5 hours ago
Co-funding for essential bus services among targeted support for businesses amid Middle East war: Jeffrey Siow
Higher energy and logistics costs will continue to be felt by businesses across the economy for some time, with SMEs particularly vulnerable, says Mr Siow.
5 hours ago
Singapore faces slower growth, higher inflation as Middle East conflict disrupts global supplies: Gan Kim Yong
Singapore must be prepared for the effects of the war to persist for some time, says Deputy Prime Minister Gan Kim Yong.
5 hours ago
Air India CEO Campbell Wilson resigns amid losses and regulatory scrutiny, source says
NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday (Apr 7), as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people.The news of his resignation comes just day ...
5 hours ago
S$500 CDC vouchers to be disbursed earlier in June; Cost-of-Living special payment raised to ease cost pressures
Low Youjin - The special payment will be increased by S$200 for all eligible Singaporeans
5 hours ago
S$500 CDC vouchers brought forward to June; Cost-of-Living special payment up by S$200 to ease pressures
Low Youjin - The CDC vouchers originally to be disbursed in January 2027
5 hours ago
Iran war to hurt Singapore’s growth and drive inflation higher; forecasts to be revised: Gan
Janice Heng - Beyond the energy and chemicals sector, higher costs will hurt wider manufacturing, transport and travel, as well as domestic services
5 hours ago
Singtel, CPF Board to transfer legacy discounted shares to investors’ CDP, giving 615,000 shareholders direct control
Jude Chan - As a rough gauge, an investor will make a return of about six times on the original investment
5 hours ago
Singtel, CPF Board to transfer legacy discounted shares to CDP, easing way for 615,000 investors to unlock cash
Jude Chan - As a rough gauge, an investor will make a return of about six times on the original investment
5 hours ago
Inflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker
Surging energy costs prompted by the Iran war have already pushed inflation well above the ECB’s 2% target
5 hours ago
FAQ: What can I do with my Singtel special discounted shares?
Here’s what you need to know about the transfer of Singtel special discounted shares to the holders' own CDP accounts.