Business Headlines & Singapore Stock Market News

7 hours ago

New Skills and Workforce Development Agency to be established in Q3, to support workers across life stages

Low Youjin - It will also help employers navigate workforce transformation and strengthen the jobs and training ecosystem

7 hours ago

Centurion Accommodation Reit’s Q1 NPI of S$37.5 million exceeds expectations

Chloe Lim - Revenue is 2.7% higher than the projected S$51.1 million; better-than-expected results due to higher occupancy and rental rates

7 hours ago

KKR profits rise on growing assets, deals pick up pace in first quarter

KKR earned higher fees from managing a growing pile of assets and it benefited from a pick-up in deals in the first...

7 hours ago

Young Europeans turn to AI chatbots for emotional support, survey shows

May 5 : Nearly one in two young people in Europe have used AI chatbots to discuss intimate or personal matters, as the technology increasingly serves as a source of emotional support, an Ipsos BVA survey showed on Tuesday.Of the 3,800 people surveyed, 51 per cent said it was "easy" to disc ...

7 hours ago

CSE Global secures $271.2 mil worth of new orders in 1QFY2026, 74.6% up y-o-y

Felicia Tan - CSE Global, a provider of electrification, communications and automation solutions, has secured $271.2 million worth of new orders in the 1QFY2026 ended March 31, 74.6% higher y-o-y. The group’s electrification segment accounted for majority of the wins this quarter with orders totalling $177.8 mi ...

8 hours ago

Microsoft, Google and xAI to give US government early access to AI models for security checks

May 5 : Microsoft, Alphabet-owned Google and Elon Musk's xAI will give the U.S. government early access to new artificial intelligence models before their public release to allow checks for national security risks under a new deal.The Center for AI Standards and Innovation at the Department of ...

8 hours ago

Microsoft, xAI and Google will share AI models with US gov't for security reviews

8 hours ago

Ley Choon’s constructions and engineering subsidiary secures $35.6 mil worth of contracts

Felicia Tan - Ley Choon Group’s subsidiary, Ley Choon Constructions and Engineering Pte. Ltd, has secured contracts worth $35.6 million. The contracts, which are for the laying of underground utilities services, are expected to be completed within 24 to 36 months. They are expected to contribute positively to t ...

8 hours ago

Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June

It is using artificial intelligence to detect underage accounts

8 hours ago

Centurion Accommodation REIT’s 1QFY2026 NPI of $37.5 mil outperforms IPO forecast by 2.4%

Felicia Tan - Centurion Accommodation REIT (CAREIT) has reported gross revenue of $52.5 million for the 1QFY2026 ended March 31, 2.7% higher than forecasted in its initial public offering (IPO) prospectus. The REIT’s net property income (NPI) outperformed its prospectus forecast by 2.4% at $37.5 million. The hi ...

8 hours ago

GlobalFoundries forecasts upbeat second quarter on data center demand

May 5 : Specialty chipmaker GlobalFoundries forecast second-quarter revenue above Wall Street expectations on Tuesday, driven by acceleration in data center deployments globally. Shares of the company rose 6 per cent in premarket trading. • The company has benefited from its focus on niches such a ...

8 hours ago

Alphabet taps euro bond market with six-tranche offering amid AI spending surge

May 5 : Alphabet on Tuesday disclosed that it was selling euro-denominated bonds across six tranches, months after it raised about $32 billion in debt by tapping the dollar, sterling and Swiss franc markets.The Google parent is selling at least 3 billion euro ($3.5 billion) in bonds, Bloomberg News ...

8 hours ago

Alphabet taps euro bond market with six-tranche offering

8 hours ago

Japan has two more windows for yen intervention by IMF rules

Market participants anticipate the currency resuming its weakening trend with or without such manipulation

8 hours ago

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring

May 5 : Coinbase said on Tuesday it would cut about 700 jobs, or about 14 per cent of its global workforce, as part of a restructuring plan aimed at reducing costs and repositioning the business for the artificial intelligence era.The layoffs come as digital asset exchanges grapple with a slowdown i ...

8 hours ago

Crypto exchange Coinbase to cut about 14% of workforce

May 5 : Coinbase said on Tuesday it will cut about 700 jobs, or about 14 per cent of its global workforce, as part of a restructuring plan aimed at reducing costs and repositioning the business for the AI era.Shares of the crypto exchange were up 4.66 per cent in premarket trading.The company expect ...

9 hours ago

Meta to expand tech safeguards for teens in Europe, US Facebook users

BRUSSELS, May 5 : Meta Platforms will expand safeguards for teen accounts to 27 European Union countries and to Facebook in the United States, the U.S. tech giant said on Tuesday, as it comes under pressure from regulators to better protect young people online.Tech companies broadly are facing a cha ...

9 hours ago

Venture posts 0.7% increase in Q1 earnings to S$56.3m amid strong AI infrastructure demand

Young Zhan Heng - Revenue for the quarter rises 1.9% to S$628.5 million, up 1.9% year from the previous year

9 hours ago

Singapore stocks slip on fresh US-Iran clashes; STI down 0.1%

Jude Chan - Across the broader market, gainers trail losers 247 to 334, after 1.7 billion securities worth S$1.7 billion change hands

9 hours ago

Crypto exchange Bullish to buy Equiniti for $4.2 billion in capital markets push

May 5 : Bullish said on Tuesday it will buy transfer agent Equiniti in a deal valued at $4.2 billion, as the cryptocurrency exchange looks to establish infrastructure to bridge blockchain technology with traditional capital markets.Shares of the Peter Thiel-backed exchange fell about 6 per cent in p ...

9 hours ago

Crypto exchange Bullish to buy Equiniti in $4.2 billion deal

May 5 : Cryptocurrency exchange Bullish said on Tuesday that it is set to buy global transfer agent Equiniti in a transaction valued at $4.2 billion.The transaction includes about $1.85 billion of assumed debt and roughly $2.35 billion in Bullish stock, the company said.Bullish shares fell 7 per cen ...

10 hours ago

OCBC’s Indonesia deal boosts wealth push, may herald more M&A under new CEO Tan Teck Long: analysts

Renald Yeo - Industry watchers say the bank might look to high-growth Asean markets for more acquisitions

10 hours ago

Singapore pushes CII operators to review cyber risk as AI speeds up attacks

Nurdianah Md Nur - Singapore has told operators of critical information infrastructure (CII) to reassess their cyber defences after frontier artificial intelligence (AI_ models demonstrated the ability to identify vulnerabilities and execute attacks faster than organisations can respond. In a letter issued Tuesday, Co ...

10 hours ago

Alphabet kicks off six-part euro debt offering

The company says it is planning as much as US$190 billion of capital expenditures in 2026

10 hours ago

US says Iran ceasefire still in place after clashes over Hormuz

At least two merchant vessels transited the waterway with US assistance

11 hours ago

Hong Kong Q1 GDP expands at strongest pace in nearly five years

HONG KONG, May 5 : Hong Kong's economy expanded 5.9 per cent in the first quarter from a year earlier, official advance estimates showed on Tuesday, the 13th consecutive quarter of growth and the strongest quarterly rate in nearly five years.The government projected GDP growth of between 2.5 pe ...

11 hours ago

Indonesia's first-quarter economic growth is fastest in over three years

JAKARTA, May 5 : Indonesia's economy grew at its fastest annual pace in more than three years at the start of 2026, boosted by a surge in government spending and holiday celebrations, but analysts warned the Middle East conflict could threaten growth.GDP grew 5.61 per cent in the January-March ...

11 hours ago

InsureXpo by CIMB to return with third 'Money Gym' edition

The Edge Singapore - Following its successful second edition in 2025, which saw quadruple the number of attendees as its first edition, CIMB Singapore’s InsureXpo is set to return on May 23, 2026, at Suntec Convention Centre. Themed “Money Gym” this year, InsureXpo aims to train attendees’ financial literacy and ...

11 hours ago

Audi fears ‘significant’ tariff impact ahead of SUV launch in US

Trump has threatened to raise tariffs on EU car imports to 25 per cent

11 hours ago

Singapore semiconductor firms push into US market as global AI boom drives advanced chip demand

As AI development accelerates, some companies are positioning themselves closer to where the next breakthroughs and opportunities are unfolding.

11 hours ago

StanChart to expand Gulf wealth operation, boost teams for Taiwan, South-east Asia

The lender is adding about 50 private bankers in Singapore to serve wealthy Chinese clients

11 hours ago

Starwood CEO Sternlicht broadens data centre footprint globally

He says data centre economics are relatively consistent across global markets

11 hours ago

Starwood CEO Sternlicht expands data centre footprint globally

He said data centre economics are relatively consistent across global markets

12 hours ago

No need to raise penalties for late retrenchment notices given high compliance rates: Tan See Leng

Koh Kim Xuan - He notes that most late submissions were due to administrative oversights

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers