32 minutes ago
Lim Kok Thay appointed as new RWS chairman, director
Young Zhan Heng - The 74-year-old billionaire is acting CEO of Genting Singapore, and son of Genting founder Lim Goh Tong
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
40 minutes ago
Gold tumbles below US$5,000, dragging other metals lower
Other precious metals drop sharply as profit-taking kicked in
42 minutes ago
SGX launches three new Hong Kong SDRs including Zijing Gold
The Edge Singapore - SGX is introducing Singapore Depository Receipts of three Hong Kong stocks starting from Feb 2. With these additions, SGX Stock Exchange now offers 32 SDRs across China, Hong Kong, Thailand, and Indonesia. The three new Hong Kong SDRs are Zijin Gold (HZGD) – China’s largest gold producer, offeri ...
44 minutes ago
CapitaLand Investment provides advisory services for The Clementi Mall, holds minority stake in asset
Chong Xin Wei - The tie-up aligns with CLI’s long-term strategy to grow fee income through a capital-efficient, partnership-led approach
59 minutes ago
STI tracks overnight Wall Street declines as it slides 0.5%
Tay Peck Gek - Across the broader market, decliners beat gainers 365 to 228, with 1.6 billion securities worth about S$2.1 billion changing hands
1 hour ago
Silchester trims stake in Venture Corp
The Edge Singapore - Silchester International Investor has taken advantage of a recent gain in Venture Corp's share price to trim its stake. Silchester has on Jan 29 sold 98,000 shares for $3,240,285.76, or $16.3651 each. With the sale, the fund manager is left with 22,835,500 Venture Corp shares, equivalent to 7.9 ...
1 hour ago
AXS rolls out bill-payment rewards as payment apps vie for user loyalty
Nurdianah Md Nur - Singapore payments platform AXS has introduced a rewards programme that incentivises everyday bill payments. The new AXS Rewards programme allows users to earn AXS Coins for bill payments completed on the AXS mobile app across all billing organisations on the platform. The coins can be redeemed as b ...
1 hour ago
Clas stays upbeat on US student housing despite 15% drop in segment’s H2 gross profit
Ry-Anne Lim - Chief executive of Clas’ managers Serena Teo says they will take ‘drastic measures’ to boost occupancy and leasing rates in the next...
2 hours ago
UOL sells hotel in Tianjin for RMB238 mil
The Edge Singapore - UOL Group has sold its hotel in Tianjin for RMB238 million, or around $43.4 million. The sale, via its unit, Tianjin UOL Xiwang Real Estate Development, was made to one Jiang Yang. The hotel, with 319 rooms, is at No. 1 Zhang Zi Zhong Road in the northern Chinese city. UOL opened this property back ...
2 hours ago
Hong Kong Q4 GDP expands 3.8% y/y, 2025 GDP up 3.5%
HONG KONG, Jan 30 : Hong Kong's economy expanded 3.8 per cent from a year earlier in the fourth quarter, official advance estimates showed on Friday, the 12th consecutive quarter of growth thanks to buoyant regional trade flows, growth in inbound tourism and financial service activities.Hong Ko ...
2 hours ago
CLI takes minority stake in Elegant Group's Clementi Mall and to provide advisory services
The Edge Singapore - Elegant Group, which is building up a portfolio of malls here, has announced that CapitaLand Investment will take a minority interest in Clementi Mall, and also provide real estate advisory services that includes having the mall as part of CapitaLand's CapitaStar rewards programme. Besides Clem ...
2 hours ago
Dutch regulator to probe Roblox over risks to minors
AMSTERDAM, Jan 30 : The Netherlands' consumer protection regulator ACM has launched an investigation into U.S. gaming platform Roblox over potential risks to underage users in the European Union, it said on Friday. The regulator said it will assess whether Roblox is taking adequate measures to ...
2 hours ago
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers
2 hours ago
Micron teams up with AI Singapore to advance AI literacy and talent development
Nurdianah Md Nur - Micron Technology has partnered with AI Singapore (AISG) to expand artificial intelligence (AI) literacy and talent development in Singapore. The US memory-chip maker and Singapore's national AI programme aim to reach more than 5,000 learners through education and workforce initiatives designed ...
3 hours ago
Taiwan Q4 economic growth beats forecasts on solid AI demand
TAIPEI: Taiwan's tech-focused economy grew much more than expected in the fourth quarter, the government statistics agency said on Friday, thanks to strong demand for the chips and related technologies that power artificial intelligence.For all of 2025, the economy expanded 8.63 per cent, its f ...
3 hours ago
Standard Chartered backs NUS AIDF’s AI programme for senior leaders
Nurdianah Md Nur - Standard Chartered will be supporting a new executive master’s programme designed to help senior leaders translate artificial intelligence (AI) investments into measurable business outcomes. The bank will serve as a knowledge partner for the Executive Master in AI and Digital Transformation progra ...
3 hours ago
China logs first fiscal revenue drop since 2020 on property slump, weak consumption
BEIJING: China's fiscal revenue fell 1.7 per cent in 2025 from a year earlier, the finance ministry said on Friday (Jan 30), the first contraction since 2020 as a protracted property slump and weak domestic demand saddled the economy.Fiscal revenues in 2025 totalled 21.6 trillion yua
3 hours ago
Chinese yuan’s longest weekly rally in more than a decade is set to extend into Chinese New Year
[BEIJING] The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost...
3 hours ago
What’s new about the Economic Strategy Review update? A spirit of risk-taking
Janice Heng - If the government accepts the recommendations and takes on a greater appetite for risk, Singapore must also become more accepting of failure
3 hours ago
Thai central bank flags gold trade curbs, plays down impact of US monitoring list
BANGKOK, Jan 30 : Thailand's new rules to curb online gold trading were designed to help weaken the baht, the country's central bank said on Friday as it downplayed any impact from the United States adding Thailand to its currency manipulation monitoring list.The central bank has blamed go ...
3 hours ago
Thai economy grew in last quarter of 2025 on exports and domestic demand, central bank says
BANGKOK, Jan 30 : Thailand's economy expanded in the fourth quarter of last year, driven by growth in exports and domestic demand, the central bank said on Friday, adding that December also improved compared to the previous month.There were improvements in the fourth quarter in both domestic an ...
3 hours ago
Pacific island Bougainville rejects Chinese partner for mine that will fund independence
SYDNEY: The Pacific island of Bougainville has rejected a partnership with Chinese miner CMOC to reopen a gold and copper mine that was among the world's largest before it was shut by a bloody civil war, instead opting to deal with an Indian company.With a population of 300,000, Boug
4 hours ago
DBS sees ‘turning point’ in NIM downtrend for Singapore banks; lifts OCBC’s TP to $23
Felicia Tan - Lim Rui Wen of DBS Group Research believes the decline in net interest margins (NIMs) for Singapore banks should be abating. Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) are likely to report q-o-q NIM improvements in the 4QFY2025 ended Dec 31, Lim writes. She adds that t ...
4 hours ago
Beansprout initiates coverage on CSE Global at ‘buy’ with target price of $1.40
Teo Zheng Long - Beansprout analyst Ng Hui Min has initiated a “buy” call on CSE Global (SGX: 544 ) as she sees the company is “positioned for structural capex growth”. In her Jan 28 report, Ng believes that CSE Global is “strategically positioned” at the heart of structural capex themes in data centres, ...
4 hours ago
DBS upgrades ‘hidden gem’ Nam Cheong target price to $1.60
Lin Daoyi - In a research note dated Jan 29, DBS Group Research has reiterated its “buy” call for shipyard Nam Cheong with an even higher target price of $1.60, up from the $1.25 target issued in December 2025. Analyst Ho Pei Hwa suggests that there is further room for Nam Cheong’s earnings to grow, notin ...
4 hours ago
CGSI keeps “add” on Genting SG with the expectation of gradual earnings growth from 1QFY2026
Samantha Chiew - CGS International is reiterating its “add” call and 78.5 cents target price on the Resort World Sentosa (RWS) operator Genting Singapore (GENS). This comes on the back of competitor Las Vegas Sands (LVS), the operator of Marina Bay Sands (MBS), releasing its 4QFY2025 results, which saw a hold-ad ...
4 hours ago
France halted Eutelsat's sale of ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure earlier this week blocked Eutelsat's sale of its ground antennas, he said on Friday, citing national security concerns tied to the satellite operator, the main European rival to Elon Musk's Starlink."These antennas are used for bo ...
4 hours ago
France prevented Eutelsat from selling ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure said on Friday he had decided earlier this week to prevent French satellite operator Eutelsat, a rival to Elon Musk's Starlink, from selling ground antennas, which enable communication with satellites."These antennas are used for both ...
5 hours ago
SMFG books 12% rise in Q3 profit, on track for another record year
TOKYO, Jan 30 : Japan's second largest banking group Sumitomo Mitsui Financial Group reported a 12 per cent rise in third quarter net profit, it said on Friday.SMFG generated net profit of 461 billion yen ($3 billion)over October-December, up from 410.8 billion yen over the same period the prev ...
5 hours ago
Nomura logs 10% fall in third-quarter profit
TOKYO, Jan 30 : Japan's largest investment bank and brokerage, Nomura Holdings, reported a nearly 10 per cent year-on-year drop in third-quarter net profit on Friday.Net profit for the October-December period came to 91.6 billion yen ($595.31 million), compared to 101.4 billion yen over the sam ...
5 hours ago
Nomura quarterly profit falls on Macquarie acquisition cost; JGB yield surge impact limited
TOKYO, Jan 30 : Japan's Nomura Holdings on Friday said third-quarter net profit fell nearly 10 per cent from a year earlier, weighed by expenses related to its $1.8 billion acquisition of investment management assets from Australia's Macquarie Group.Still, the country's largest invest ...
5 hours ago
South-east Asia seeks data centre investments – but must reckon with their thirst
Sharanya Pillai - With rapid data centre growth straining the region’s water supply, the race is on for alternative water sources and cooling technologies.
5 hours ago
Apple to prioritize premium iPhone launches in 2026, Nikkei Asia reports
Jan 30 : Apple is prioritizing production and shipment of its three highest-end iPhone models for 2026 while delaying the rollout of its standard model due to a marketing strategy shift and supply-chain constraints, Nikkei Asia reported on Friday, citing four people with knowledge of the matter.Reut ...
5 hours ago
Singapore, Vietnam remain on US Treasury’s currency watch list; Thailand added
Benicia Tan - US reinforces monitoring criteria but did not designate any country as a currency manipulator