22 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
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 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...
22 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
22 hours ago
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers
23 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
23 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
24 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 ...
24 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
24 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 ...
24 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 ...
24 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 ...
24 hours ago
More Asia investors turning to Europe for diversification in multi-polar world, says DWS
Jean Low - They are also looking at themes beyond the first wave of investments into AI
24 hours ago
‘Generational’ investment opportunity in green economy: LSEG
Lin Daoyi - Green equities delivered a compound annual growth rate of 18% between 2015 and 2025, compared with 12% for the global equities index, notes the Investing in the Green Economy 2026 report by London Stock Exchange Group (LSEG). The data was drawn from the FTSE Environmental Opportunities All Share (EO ...
1 day ago
Can sustainability make money? Yes, say professional investors
Lin Daoyi - Businesses exist to make money, and sustainability is critical to assessing how companies generate profits and create shareholder value. This was the view of a panel of professional investors at the inaugural SGX Group-Gprnt Climate Action Forum held on July 2 at Shenton Way. Fullerton Fund Manageme ...
1 day ago
Relocation specialist Chasen rides chip growth; eyes more solar panel projects
Teo Zheng Long - The ongoing AI-led capex has resulted in positive spillovers for business sectors far and wide. As semiconductor-related firms invest in new capacity across various localities, their very expensive and somewhat fragile equipment has to be moved by specialised companies, such as Singapore-listed Chas ...
1 day ago
How global value chains are reconfiguring in the Age of Brutal Geonomics
Andrew Sheng - The geoeconomic world, where geopolitics trumps business, is divided into clusters of manufacturing, services/software and tech resource blocs that are connected via global value or supply chains (GVCs). The Strait of Hormuz illustrates vividly how chokepoints can disrupt not only energy supply but ...
1 day ago
Vertiv bets on Johor as AI infrastructure boom shifts from data centres to manufacturing
Tan Ai Leng - While 75% of production from its Senai facility caters to Malaysia, the remainder will serve other markets
1 day ago
India allows four Chinese-linked power equipment firms to bid for government projects
NEW DELHI, July 3 : India has allowed four Chinese power equipment manufacturers with factories in the country to participate in government tenders for critical power projects, according to a government order.TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (Indi ...
1 day ago
World Cup defies the doubters, but is football feeding a monster?
Bob Holmes - As was fervently hoped, but seriously doubted, football has come to the rescue of the most damned, expensive and extravagant World Cup in history. Unprecedented in scale and price, the 23rd edition kicked off against a backdrop of war, indifference among the hosts and a mix of outrage and trepidatio ...
1 day ago
Football’s Asian Century is still on hold
Gearoid Reidy - In the early 2000s, Sepp Blatter, the then-head of football’s governing body Fifa, spoke of where he saw the sport going. “In Asia, you have more than half the world’s population,” he said. “The future of football must be in Asia.” With a clear link between finances and on-pitch success, ...
1 day ago
Connecting genuine growth with employment
Vincent Chin - Economic growth no longer guarantees job creation. In an era of AI-driven efficiency, the link between output and employment is fraying. While business leaders celebrate upticks in corporate performance, the labour market is facing an existential challenge. We all have an interest in supporting a su ...
1 day ago
Investing in the anti-AI trade
Nirgunan Tiruchelvam - I’ve met a few fund managers over the years, but none as quirky as Mark Lightbown, the former portfolio manager of the Genesis Fund. He is a polite Englishman with a talent for languages and numbers. He speaks French, Spanish and the language of accounting. That mix has helped him spot undervalued ...
1 day ago
AI and irrational exuberance in South Korea
Assif Shameen - Former US Federal Reserve chairman Alan Greenspan, who led the American central bank for 19 years, passed away last week. He left behind a chequered legacy because many blame him for the subprime housing loans crash that triggered the 2008 Global Financial Crisis. Greenspan is best remembered for hi ...
1 day ago
Singapore banks set for healthy lending through 2H
Sarah Jane Malmud and Alison Hor/ Bloomberg Intelligence - Banks in Singapore, from DBS to HSBC and Standard Chartered's Trust, are poised for healthy lending through 2H after total loans rose 10.5% year over year in May, beating estimates, according to Monetary Authority of Singapore data. The potential for new business opportunities as supply chains ...
1 day ago
Expecting US markets to rise unabatedly may be Mission: Impossible
Chew Sutat - As markets reach the halfway point of the year, amid an early summer heatwave in Europe and earthquakes rocking our planet from Japan to Venezuela, the US is readying to celebrate its 250th year of independence with America250 or Freedom250 events scheduled around the world. Some of these may, of co ...
1 day ago
India's HCLTech wins $1.14 billion deal with European firm
BENGALURU, July 3 : India's HCLTech has won a $1.14 billion deal with a major European firm, the software services exporter said on Friday.HCLTech's shares opened 4.6 per cent higher on Friday after the announcement, boosting gains on the Nifty IT index, which was up 2.5 per cent.Here are ...
1 day ago
Could Thailand surprise on the upside?
Manu Bhaskaran - It's been a long and wearying last 20 years for Thailand. Beset by political crises, demographic decline and diminishing competitiveness, its economy once seen as an Asian tiger has been listless. Things got worse this year as Thailand took a double whammy from the war in the Middle East: Touri ...
1 day ago
Thai exports seen up 8% to 10% this year, shippers' group says
BANGKOK, July 3 : Thailand's exports are expected to rise by 8 per cent to 10 per cent this year, a shippers' group said on Friday, raising its forecast from a rise of 2 per cent to 4 per cent made in January.• Exports are expected to continue growing in the second half of 2026, although ...
1 day ago
How one breached AI robot can disrupt an entire fleet
Nurdianah Md Nur - In 2024, a clip of a small robot called Erbai appearing to persuade 12 larger robots to leave a Shanghai showroom went viral. While the episode was a planned test, it raises a serious question for companies deploying connected robots: could hackers who breach one machine, or the systems that s ...
1 day ago
Resilient aluminium prices set to boost Asia’s smelters over global rivals: analysts
Benicia Tan - Cheaper power and easier access to raw materials can benefit low-cost producers in China, India, Indonesia
1 day ago
Bain, KKR, KV Asia shortlisted for Malaysia’s Avisena Healthcare stake sale as valuation hits US$368 million: sources
South-east Asia healthcare assets draw strong investor interest amid rising incomes and ageing populations
1 day ago
Understanding comparable analysis, Part 1
Thiveyen Kathirrasan - Comparable analysis is an effective tool to value stocks and investments. This is a relative valuation method that compares current or projected financials and ratios against historical figures or those of peers in similar businesses. Essentially, this valuation method aims to determine where a comp ...
1 day ago
Malaysia eyes regional leadership in low-altitude economy as drone rules take shape
Kang Siew Li - Malaysia has the necessary building blocks in place to become a regional hub for the emerging low-altitude economy (LAE), but success will depend on how quickly it can draw up regulations, deepen engineering capabilities and attract investment, industry leaders say. The Civil Aviation Authority of M ...
1 day ago
Why Guinness keeps growing while beer sales worldwide fizz out
Anna Peele / Bloomberg Businessweek - Gráinne Wafer is embarking on the surprisingly intricate task of pulling a perfect pint of Guinness. First step: inspecting the cleanliness of the glass. It’s Guinness-branded, as it should be at every bar where the Irish stout is served on draft. Wafer, a senior executive at Guinness’s parent ...