58 minutes ago
Lenovo has handed Fifa an AI gold mine, but monetising fandom is a tough sell
Shikhar Gupta - Football’s world governing body promises mass personalisation at the World Cup, but experts say poor execution could trigger fan backlash
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
58 minutes ago
AI startup Mistral to nearly treble Singapore headcount as it eyes growth in South-east Asia
Young Zhan Heng - With the city-state as a base, it aims to grow its presence in Thailand, Malaysia and elsewhere in region
58 minutes ago
Want to beat rising inflation? These SGX-listed funds and stocks offer dividends of at least 3%
Chloe Lim - iShares US dollar Asia High-yield bond index ETF leads the pack with a 7.3% dividend yield
1 hour ago
Trump says ‘good chance’ of Iran nuclear deal after delaying strike
Iran sends new peace proposal via Pakistan, progress described as difficult by Pakistani source
2 hours ago
Nasdaq leads equity losses with oil, borrowing costs in focus
This is the second straight decline for the Nasdaq and the S&P 500
2 hours ago
European shares end volatile session higher, inflation concerns limit gains
Bets that central banks would soon hike interest rates led traders to sell bonds
2 hours ago
Amazon's Singapore retreat: Why its US playbook failed in Southeast Asia
Regional platforms compete on price and volume of unbranded sellers, "not a play that Amazon has traditionally been strong at", an analyst says.
2 hours ago
Commentary: Will UAE’s OPEC exit be another risk for Singapore’s refineries?
If stability returns to shipping routes, the United Arab Emirates’ exit from the Organisation of Petroleum Exporting Countries can create opportunities for Singapore’s refineries, says Coface chief APAC economist Bernard Aw.
2 hours ago
Commentary: No, the Iran war won’t ground your European holiday flight
The invisible hand of the market is doing enough to keep most planes flying, says Javier Blas for Bloomberg Opinion.
3 hours ago
OpenAI defeats Elon Musk's lawsuit, removing obstacle to IPO
Elon Musk’s lawyer said after the verdict that "this one is not over" and that the billionaire planned to appeal.
10 hours ago
M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?
Chloe Lim - Unassigned use of frequency spectrum may allow operators to gain an unfair advantage, says IMDA
10 hours ago
Lendlease REIT reports higher occupany in 3QFY2026 with lower pro forma gearing
The Edge Singapore - Lendlease REIT completed the acquisition of 30% interest in PLQ Mall on March 26 achieving full ownership of the asset. AEI are currently underway, with completion targeted by end 2026 positioning PLQ Mall to better capture evolving consumer demand and meet retailers’ operational requirements. Upo ...
10 hours ago
China’s Nanning ‘main gateway’ for ties with Asean; trade corridor opens faster route to Asia: SM Lee
Tan Weizhen - The Pinglu Canal will span 134.2 km from Hengzhou, under the jurisdiction of Guangxi’s capital
10 hours ago
CGSI downgrades Keppel to 'hold' following scuppered M1 sale
The Edge Singapore - Lim Siew Khee and Meghana Kande of CGS International have downgraded Keppel from "add" to "hold", following news that the sale of M1 to Simba has fallen through, putting a brake on the company's divestment moves, plus potentially lower dividend payout. From a previous target ...
10 hours ago
S&P 500, Nasdaq open higher as chips rebound, yields retreat
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (May 18) as heavyweight semiconductor stocks recovered, while a bond...
10 hours ago
Temasek unlikely to meet 2030 climate targets, says CEO Dilhan Pillay
Janice Lim - In the current global landscape, ‘the transition will be far more uneven, contested and non-linear’
11 hours ago
Keppel will divest property and rigs to offset M1 says CEO Loh
The Edge Singapore - In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA announced it has suspended the review of Keppel's planned sale of M1 to Simba. Given that approval from IMDA is one of the conditions required, the deal has been terminated. ...
11 hours ago
Lendlease Reit posts 12.2% retail rental reversion in Q3 as PLQ Mall acquisition lifts tenant sales
Evan See - Portfolio occupancy is up at 95.3% from 94.9% a quarter earlier
11 hours ago
Geo Energy signs offtake agreement with Trafigura; engages mining contractor
The Edge Singapore - Geo Energy Resources has signed an offtake agreement with commodities trader Trafigura where the latter will buy the entire production volume of the former's mine at Harfa of some 1.5 million tonnes per year. Under terms of the agreement, Trafigura will provide between US$50 and US$100 million ...
11 hours ago
Analysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls
Therese Soh - The setback is expected to weigh on Keppel, which had planned to monetise M1 through the deal
11 hours ago
Ever Glory wins $230 mil of new contracts, lifts order book to above $900 mil
The Edge Singapore - Ever Glory United Holdings has won contracts worth some $230 million, bringing its total order book to above $900 million, to be delivered through 2027. The contracts are from various customers including the Land Transport Authority, Resorts World Sentosa as well as various commercial building proje ...
12 hours ago
Geo Energy secures offtake, mining services MOUs to back coking coal push
Evan See - Initial feasibility studies estimate reserves in the Central Kalimantan site of 15 to 20 million tonnes
12 hours ago
DBS’s Tan Su Shan sells 100,000 shares via open market
Felicia Tan - DBS’s (SGX: D05 ) CEO Tan Su Shan has sold 100,000 shares in the bank via the open market. Tan disposed of the shares at $60.12 apiece on May 15. Following the disposal, Tan’s stake in DBS fell to 0.48% from 0.52% previously. On April 30, the bank reported earnings of $2.93 billion for the 1QFY2 ...
12 hours ago
Scuttled M1-Simba deal leaves investors with more questions than answers
Jude Chan - [SINGAPORE] After months of anticipation and a heated public consultation, it appears the S$1.4 billion deal for Simba Telecom to buy the...
12 hours ago
Ever Glory order book tops S$900 million on LTA, RWS contract wins
Chloe Lim - The new projects are worth around S$230 million
13 hours ago
Singapore stocks end higher amid mixed regional showing; STI up 0.2%
Chloe Lim - ST Engineering leads the gainers on the blue-chip index
13 hours ago
Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements
Evan See - He is the cousin of executive chairman Kwek Leng Beng and will be appointed vice-chairman
14 hours ago
Tan of DBS maintains 'buy' on Prime US REIT and 33 US cents target price with ongoing operational improvements
The Edge Singapore - Derek Tan of DBS Group Research has kept his "buy" call and 33 US cents target price on Prime US REIT, with a view that it is seeing continued operating recovery, with occupancy improving for the fourth consecutive quarter and leasing momentum remaining healthy despite a still-challenging ...
14 hours ago
CNA Explains: How radio frequency bands are regulated - and why it matters for telcos
Singapore is investigating whether telco Simba complied with regulations governing the use of radio frequency bands. CNA looks at what these bands are and how they are managed.
14 hours ago
Kwek Leng Peck returns to CDL’s board as vice chairman and non-independent non-executive director
Felicia Tan - Kwek Leng Peck, the cousin of City Developments Limited’s (CDL) executive chairman, Kwek Leng Beng, has returned to CDL’s board. Leng Peck will return as a non-independent non-executive director and vice chairman of the company officially on June 1. Leng Peck, who first served as a CDL director ...
14 hours ago
DBS, UOB Kay Hian raise respective target prices for NTT DC REIT
The Edge Singapore - Analysts have raised their respective target prices for NTT DC REIT after it reported higher than expected numbers for its FY2026, thanks to higher tenant fit out income, higher co-location revenue, lower taxes and favourable forex. For the year to March, revenue reached US$164.8 million, up 2.5% ab ...
15 hours ago
Ikea franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls
It has been squeezed by rising costs and US tariffs
15 hours ago
Grab, Sea lean on affordability, subscriptions to defend growth amid macroeconomic headwinds
Benjamin Cher - Even as consumer spending comes under pressure, both companies have maintained their 2026 guidance
15 hours ago
Singapore moves to certify AI testers as companies struggle to judge them
Nurdianah Md Nur - Singapore is trying to solve a basic problem in artificial intelligence (AI) adoption. Companies are being told to test their AI systems but many still do not know who is qualified to do that work. The new AI Tester Accreditation Programme aims to address that gap by certifying third-party firms tha ...