2 hours ago
Boustead healthcare unit acquires majority stake in medtech company via S$6 million equity injection
Elysia Tan - Post-acquisition, UroMedTech will continue to operate under its existing brand
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Boustead Singapore acquires majority stake in Singapore urology robotics company for $6 mil
Teo Zheng Long - Boustead Singapore (SGX: F9D ) announced that its healthcare division, Boustead Medical Care Holdings (BMCH), has acquired a 60% stake in UroMedTech Pte Ltd (UroMedTech) through a $6 million equity injection. According to Boustead Singapore, UroMedTech is a Singapore-based medical technology company ...
2 hours ago
Cohen & Steers emerges as substantial shareholder of Centurion Accommodation REIT
Teo Zheng Long - Fund manager Cohen & Steers Capital Management has emerged as a substantial shareholder of Centurion Accommodation REIT (CAREIT) (SGX: 8C8U ) . In the filing on July 3, the fund manager has acquired 154,000 units on July 2 at a price of $1.09 per unit. This translates to a total consideration of ...
3 hours ago
AI hiring outpaces overall IT recruitment in India, report shows
BENGALURU, July 3 - Hiring for AI roles within India's IT sector outpaced overall recruitment within the industry last month, a survey showed on Friday, indicating a push from companies to reorient themselves in the face of evolving technology.The sector's AI hiring rose 16 per cent year-o ...
4 hours ago
HSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up
Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital
5 hours ago
SIA Engineering, Air India ink MOU to explore MRO collaboration opportunities
Chloe Lim - [SINGAPORE] SIA Engineering and Air India on Friday (Jul 3) signed a memorandum of understanding (MOU) to explore opportunities to collaborate in...
5 hours ago
Singapore shares close higher amid softer US job growth; STI up 0.5%
Yangzijiang Shipbuilding leads the gainers on the blue-chip index
5 hours ago
Trendlines portfolio company NICE Surgical granted US patent for purse-string stapler
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, NICE Surgical Solutions Pte Ltd (NICE Surgical), a clinical-stage medical device company, has been officially granted the US patent for its purse-string stapler. NICE Surgical is based in Singapore and incubated by T ...
5 hours ago
Analysis:Argentina's plan for AI-run companies can't avoid humans
BUENOS AIRES, July 3 : Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement.Milei described in a Financial Times op-ed piece a ...
5 hours ago
Global equity fund inflows rise as investors add tech stocks after market dip
July 3 : Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings momentum would be intact.A net $10.44 billion poured into these funds, about a quarter higher than the prior ...
5 hours ago
SIA Engineering and Air India ink MOU to explore MRO collaboration
Teo Zheng Long - SIA Engineering (SIAEC) (SGX: S59 ) announced that it has signed a legally non-binding Memorandum of Understanding (MOU) with Air India to explore collaboration opportunities in maintenance, repair and overhaul (MRO) to support the development of India as a global aviation MRO hub. According to SIAE ...
5 hours ago
India investigating Tata data leak that exposed Apple iPhone secrets
NEW DELHI, July 3 : India is investigating a data breach at Tata Electronics that exposed documents linked to Apple's unreleased iPhone 18 Pro, the country's IT secretary said on Thursday in the government's first public comments on the incident.Sensitive lists of components and suppl ...
7 hours ago
Lufthansa expects challenging second half of 2026 but sees growth in Asia Pacific
The German airline group tells CNA’s Yasmin Jonkers that geopolitical tensions, higher costs and sustainability pressures will continue, even as demand in the Asia-Pacific region remains strong.
7 hours ago
Seatrium moves closer to bringing new floating energy solution to market
Lin Daoyi - Seatrium has transferred its first electron from its Floating Living Lab (FLL) to Singapore’s electricity grid, according to a July 3 announcement. With this milestone, Seatrium moves closer to bringing its floating energy infrastructure solution to the market, expanding its energy solutions again ...
7 hours ago
Memory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback
Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion
7 hours ago
Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan's biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. "We have a good outlook for supplies thr ...
7 hours ago
Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, ...
7 hours ago
Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 billion, Nikkei says
TOKYO, July 3 : Automakers Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 mill ...
7 hours ago
Carlsberg confidentially files US$700 million India IPO
The offering, expected to comprise a secondary share sale by the brewer, can take place later this year
7 hours ago
The AI trade is losing one of its key signals
An index tracking what users pay for AI tokens is down almost 20% from a high in May
7 hours ago
Hong Kong regulator targets IPO book building in new enforcement push
The watchdog finds that insiders are funding orders to artificially inflate public demand, sources say
8 hours ago
Exclusive-World's biggest domain seller fears India's fake site crackdown could damage internet
NEW DELHI, July 3 : The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and internet use has coincide ...
8 hours ago
South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country's southeast. The business groups announced the decisions at an event announ ...
8 hours ago
Personal data of 70,000 people compromised after cybersecurity involving SLA vendor and its cloud
Shikhar Gupta - [SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving...
8 hours ago
Personal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
Shikhar Gupta - Names, NRIC numbers and then-property addresses are affected
8 hours ago
Oil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi
Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply
8 hours ago
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers
9 hours ago
URA releases carved-out Jurong Lake District site for sale
Ry-Anne Lim - This will kickstart its development as the largest mixed-use business district outside the city centre
9 hours ago
TikTok slashes content moderation teams globally; Singapore among markets affected
Benjamin Cher - Decision to cut roles in the city-state is part of move to strengthen the operating model for trust and safety
9 hours ago
It's never too late to rethink policies
Felicia Tan - Policies are fixed, people aren’t. The Association of Banks in Singapore (ABS) proved that when they announced, on June 25, that the three Singapore banks — DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) — and Nets have pledged to provide an ATM, branch or cashp ...
10 hours ago
MAS partners finance industry players to develop safeguards for AI agents
Chloe Lim - The move comes as these entities increasingly carry out tasks autonomously
10 hours ago
Building wealth with clarity, control and purpose across Asean with advisory-led Islamic wealth solutions
The Edge Singapore - It took the Islamic finance industry nearly 35 years to reach US$1 trillion ($1.29 trillion) in global assets. The second trillion followed in just four years. These include asset classes like Islamic banking, sukuk (Islamic bonds), Islamic funds and takaful (Islamic insurance). Today, Islamic finan ...
10 hours ago
Local firms powering Singapore’s strong green revenues
Lin Daoyi - With around six million residents, Singapore accounts for 0.07% of the global population. Yet, the city-state contributes US$31 billion ($40.12 billion), or approximately 0.55% of global green revenues, an outsized contribution if viewed from a population-to-revenue ratio perspective. Listed compani ...
10 hours ago
OCBC looks to customer journeys, avatar banking and data lakes for revenue growth
Goola Warden - As part of OCBC’s group CEO Tan Teck Long’s Next Frontier strategy, its consumer banking wealth management segment aims to onboard 600 relationship managers (RM) within three years. The bank does not reveal its current number of RMs. According to Sunny Quek, group managing director and head of g ...