Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

Singapore Stock Market News Singapore Business News Singapore Market Updates



4 hours ago
Taiwan president faces more grief from US than China
Frank Ching - IN a few weeks, Tsai Ing Wen will mark her first anniversary as president of Taiwan. However, her celebration is likely to be subdued since she is facing intractable problems with the world's two most important powers - China, which is an existential threat to her country; and the US, the guarantor of its security but whose reliability under Donald Trump is open to question.
4 hours ago
Missing link in the diversity debate
CHRIS BENNETT - THE push to improve diversity, especially gender diversity, gained considerable momentum following the global financial crisis. Many policymakers, regulators and commentators have expressed the view that the problem could have been largely avoided if there had been more diverse boards, which would have examined issues from a wider range of perspectives.
4 hours ago
Brinkmanship over North Korea spells danger for the region
FINALLY, the "elephant in the room" - the looming threat of a North Korean nuclear or chemical weapon attack on Japan - has been acknowledged. Japanese newspapers ran front-page stories on Tuesday on preparations to deal with the potentially terrifying consequences of such an attack.
4 hours ago
Dawn of new political eras in US and France?
Leon Hadar - WE have employed the labels "left" and "right" so frequently during our contemporary political discourse that some of us assume that those terms may have a timeless quality and that they reflect the clash between two coherent explanations about how society should work. God created the world, then made man and woman, followed by the fashioning of the political right and the political left.
4 hours ago
Succession and board renewal at S'pore banks
Siow Li Sen - THREE years ago, DBS Group chief executive Piyush Gupta said his successor could be a woman.
4 hours ago
It's been 100 years since the first planting of oil palm in Malaysia. Here's its story
Nirgunan Tiruchelvam - Malaysia's palm-oil industry owes much to a Frenchman whose passion was writing, not agriculture. It was Henri Fauconnier who planted the first oil palm in Malaya back in April 1917 - making 2017 the centenary of this cash crop.
4 hours ago
The great data divide: Baby boomers vs millennials
Victor Cheng - EVERY person on the planet generates a digital footprint. However, the digital footprint of baby boomers looks vastly different from that of millennials. This is due to the vast differences in how the two groups approach the use of technology, create data and save information.
4 hours ago
Dollar recovers slightly against yen
THE US dollar climbed as much as 0.7 per cent against the yen on Tuesday, as investors regained some risk appetite after the first round of the French presidential election delivered the result they had hoped for and that pollsters had forecast.
4 hours ago
Insurance firms provide new cover in uncertain times
ROCKED by a shake-up in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.
4 hours ago
China markets reel as banks unwind US$1.7t in shadow funds
A US$1.7 trillion source of inflows into Chinese markets has suddenly switched into reverse, roiling the nation's money management industry and sending local bonds and stocks to their biggest losses of the year.
4 hours ago
N-E Asia on high alert for further N Korean threats
Anthony Rowley - TENSIONS mounted sharply in Northeast Asia on Tuesday as a US nuclear-powered submarine capable of launching ballistic missiles docked in the South Korean port of Busan ahead of the expected arrival of a strike group of US vessels despatched by Washington as a warning to North Korea.
4 hours ago
Red tape cut for shipping, e-commerce and logistics sectors with 2 online portals
Tan Hwee Hwee - GOVERNMENT agencies are cutting red tape and bolstering information flows so that the shipping, e-commerce and logistics sectors - three overlapping industries instrumental to world trade flows - can ride the digital transformation wave.
4 hours ago
Singapore, Indonesia eye industrial parks, cruise tourism, energy sector
Kenneth Lim - SINGAPORE hopes to develop cruise tourism, industrial parks and energy cooperation with Indonesia as part of bilateral plans to enhance business connections between the countries, Singapore Minister for Trade and Industry (Industry) S Iswaran said on Tuesday in Jakarta.
4 hours ago
NTUC to focus more on training and job placement: Chun Sing
Chuang Peck Ming - THE labour movement will focus more on training and job placement as well as expand into health and eldercare services to stay relevant and advance the interests of workers.
4 hours ago
Denmark ready to end all subsidies for renewable energy sector
AFTER more than four decades of relying on subsidies, Denmark's renewable energy industry is ready to survive on its own much sooner than anyone expected.
4 hours ago
Sharp drop in cocoa prices hits producers
THE world's cocoa-growing countries must coordinate production strategies to confront a sharp drop in global prices that has hit farmers and government coffers hard, the chairman of the International Cocoa Organization (ICCO) said on Monday.
4 hours ago
Steelmakers around the world ramp up capital expenditure
AFTER years of losses, plant closings and job cuts, some of the world's biggest steelmakers are ready to spend more money on their businesses. Combined capital expenditure planned this year by top producer ArcelorMittal, South Korea's Posco and Russia's Novolipetsk Steel PJSC will be up 29 per cent to US$6.7 billion in 2017, the first increase since 2014, according to estimates by the companies.
4 hours ago
SPH buys nursing home provider Orange Valley for S$164m
Kenneth Lim - SINGAPORE Press Holdings (SPH) is buying nursing home provider Orange Valley Healthcare for S$164 million as the media and property group seeks to build a third business leg in healthcare.
4 hours ago
Stamford Arts Centre to be new centre for traditional arts
Leila Lai - THE Stamford Arts Centre will undergo a S$7 million refurbishment so it can take in new arts groups and retail tenants in 2018.
4 hours ago
Parallel imports flat despite expanding COE quota
Samuel Ee - AFTER the explosive growth of the past three years, the parallel import (PI) industry seems to have hit the brakes driving into 2017.
4 hours ago
Slower economy, high prices boost demand for old cars
Samuel Ee - THE sluggish economy and high new car prices are forcing some motorists to turn to older and less expensive cars, say dealers, and this is keeping revalidations of car certificates of entitlement (COEs) high - something that isn't good news for subsequent COE quotas.
4 hours ago
Temasek, GIC 'still lagging in managing climate risks'
Andrea Soh - EVEN as more asset owners take action to manage climate change-related risks and opportunities, Singapore's Temasek Holdings and GIC have remained laggards, research from the Asset Owners Disclosure Project (AODP) has found.
4 hours ago
PEs with deep pockets may be last resort for shipping sector
Tan Hwee Hwee - THE troubled maritime, offshore and engineering sector, faced with mounting problems accessing bank financing and the public equity market, may have to fall back on private equity (PE) with deep pockets for new funding.
4 hours ago
Credit-search data points to rise in trade between Singapore and East Asia
Siow Li Sen - SINGAPORE companies are trading more with East Asia, going by data on credit searches made by homegrown firms on companies from that region.
4 hours ago
Heinrich Jessen bags Businessman of the Year award
Nisha Ramchandani - TOP corporate leaders who were instrumental in driving transformational changes and charting a new path for their companies were honoured for their achievements at the 32nd edition of the Singapore Business Awards (SBA) on Tuesday night.
4 hours ago
Western markets' 'relief rally' lifts local stocks
R Sivanithy - THE relief rally that engulfed Western markets on Monday after the first round of France's presidential election produced no shocks spread to this region on Tuesday, pushing the Straits Times Index 19.90 points higher to 3,163.93.
4 hours ago
Brokers' take
Companies operating in the precision engineering space experienced a sector re-rating over the last few months, driven by stronger H2 16 results and M&A interest. Memtech remains one of the sector laggards.
4 hours ago
Ho Bee's Q1 profit trebles on Shanghai project
Kalpana Rashiwala - HO Bee Land posted a trebling in net earnings for the first quarter to S$56.32 million from S$18.46 million in the year-ago period - helped by a strong contribution from its joint-venture condo project in Shanghai.
4 hours ago
FCT's Q2 DPU steady despite fall in portfolio occupancy
Stephanie Luo - DESPITE a fall in portfolio occupancy, mainly due to the asset enhancement initiative (AEI) at Northpoint, Frasers Centrepoint Trust (FCT) has maintained its second-quarter distribution per unit (DPU).
4 hours ago
Turkish Airlines looking to update its agreement with SIA
Soon Weilun - THE new chief of Turkish Airlines wants to refresh its collaboration with Singapore's national carrier - and by extension, its links with the city-state, as it tries to shrug off an "extraordinary", bad 2016.
4 hours ago
Cambridge Industrial's DPU slips 9.7% in Q1
Chai Hung Yin - PROPERTY conversions and divestments led to the decline in Cambridge Industrial Trust's (CIT) distribution per unit (DPU) in the first quarter of 2017, which slipped 9.7 per cent to 1.004 Singapore cents.
4 hours ago
Divestment gain lifts Parkway Life Reit's Q1 DPU by 9.6%
Chai Hung Yin - DISTRIBUTION from a one-off divestment gain lifted the distribution per unit (DPU) of Parkway Life Real Estate Investment Trust (Reit) to 3.28 Singapore cents in the first quarter of 2017, up 9.6 per cent from a year ago.
4 hours ago
Acquisitions boost Ascendas Reit's Q4 DPU by 13%
Lee Meixian - ASCENDAS Reit on Tuesday posted a 13 per cent increase in distribution per unit (DPU) for its fourth quarter on higher gross revenue.
4 hours ago
Rental gap between prime and suburban office space shrinks
Leila Lai - THE gap between suburban and Grade A Central Business District office rentals has narrowed to 75 per cent as at the first quarter of 2017, the narrowest since Q4 2012, real estate agency Cushman & Wakefield reported on Tuesday.
4 hours ago
CDL trumps eight other bidders for Tampines residential site with S$370m bid
Lynette Khoo - CITY Developments Ltd (CDL) has emerged the top bidder for the residential site at Tampines Avenue 10 at S$370.1 million.
4 hours ago
Lodha Group to resume selling apartments in Trump Tower Mumbai
LODHA Group plans to resume sales at Trump Tower Mumbai after a post-US presidential election hiatus, providing a test for India's languishing luxury home market and the US president's brand.