8 hours ago
Financial astrology: Is the STI really hoping for Spain to win the World Cup?
Shikhar Gupta - Since 1990, a European winner sees the index rise 8.7%, while a South American winner sees it fall 5.7%
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Japan's ruling party warns about suspected collusion between activist investors and private equity
TOKYO, July 17 : Japan's ruling party raised concerns on Friday over suspected collusion between activist investors and buyout funds in take-private deals, warning that such arrangements could undermine fairness in capital markets.In draft policy proposals, the Liberal Democratic Party's p ...
9 hours ago
Saudi Arabia-backed developer seeks investors for World Cup stadium, sources say
ROSHN Group, owned by the US$1.2 trillion sovereign wealth fund PIF, has reportedly hired JPMorgan to run the equity fundraising process
9 hours ago
Laos wants more control of its gold – by building the bullion market it never had
Goh Ruoxue - The focus now is on how the country’s moves to reclaim value from its reserves of the metal will pan out
9 hours ago
Network School founder says immigration probe at tech commune is a risk to Malaysia's tech ambitions
KUALA LUMPUR, July 17 : U.S. investor Balaji Srinivasan said an immigration check at a "digital nomad" community in Malaysia based on anonymous social media claims of law violations that proved unfounded could be a risk to Malaysia's plans to be a global tech hub.On Wednesday, the Imm ...
9 hours ago
Shein secures nod from Hong Kong listing committee for IPO, sources say
HONG KONG, July 17 : Shein has won approval from the Hong Kong stock exchange listing committee for an IPO, three people with knowledge of the matter said on Friday, bringing the fast-fashion retailer closer to its much-awaited stock market debut in the Asian financial hub.The IPO would be one of Ho ...
9 hours ago
India’s SBI Funds Management attracts over US$31 billion in bids in country’s 4th most subscribed IPO
The country’s largest asset manager oversees funds worth 12.5 trillion rupees as at March 2026
9 hours ago
India’s SBI Funds Management attracts US$31 billion in bids in country’s 4th most subscribed IPO
The country’s largest asset manager oversees funds worth 12.5 trillion rupees as at March 2026
9 hours ago
India’s SBI Funds Management attracts US$31 billion in bids in country’s fourth-most-subscribed IPO
India’s largest asset manager oversees funds worth US$131 billion as of March 2026
9 hours ago
Agencies representing listcos can reduce ‘traffic jams’
Jovi Ho - An experiment conducted in 2008 by Japanese researchers set out to understand what causes traffic jams. After spacing 22 cars evenly around a circular track, drivers were requested to maintain a constant speed. But tiny human errors — looking in the rear-view mirror, correcting to stay within lane ...
9 hours ago
The STI needs to be greater than the sum of its parts
Kwan Wei Kevin Tan - At what point does it make more sense to buy an index’s constituents instead of an exchange-traded fund that tracks the index itself? That’s the question on the minds of most Asia-focused investors these days. On July 14, the Straits Times Index (STI) hit an all-time high of 5,495 points. That r ...
9 hours ago
Trek 2000 puts legacy issues behind just as AI opportunities emerge
Teo Zheng Long - Homegrown technology company Trek 2000 International (SGX: 5AB ) was best known for developing the ThumbDrive, one of the earliest USB flash drives, in the early 2000s. At a time when floppy disks were still the default storage medium, the ThumbDrive’s larger storage capacity and user-friendliness ...
10 hours ago
Piraeus Bank CFO on steering a bank through default and recapitalisation
Goola Warden - Piraeus Bank, seemingly a lesser-known name in these climes, counts a Singapore institutional investor as a major shareholder with a 4% stake. Theodore Gnardellis, group CFO of Piraeus Bank, was in Singapore recently to attend Goldman Sachs’ Asia Financial Institutions Corporate Day held from June ...
10 hours ago
Analysis:Among AI crowd, some investors position for slower hyperscaler spending growth
MILAN, July 17 : The parabolic rally in AI chipmakers has run into turbulence amid concern about valuations and the sustainability of their bumper revenues, with some investors quietly positioning for a slowdown in the near-trillion dollar spending boom that could provide a boon to the hyperscalers ...
10 hours ago
Frasers Property Industrial CEO Reini Otter to step down and join ESR; Ian Barter named interim leader
Deon Loke - The board has initiated a search process for a permanent chief executive officer
10 hours ago
Frasers Property Industrial CEO Reini Otter to step down; Ian Barter named interim leader
Deon Loke - The board has initiated a search process for a permanent chief executive officer
10 hours ago
A disconnect between Street’s modest earnings projections in 2Q2026 and bank prices
Goola Warden - A Bloomberg poll of analysts’ estimates of local banks’ earnings for 2QFY2026 shows stability rather than growth (See Table 1). Based on forecasts as of July 13, DBS Group Holdings is expected to report a net profit of $2.86 billion in 2QFY2026, which should enable it to pip its FY2025 net profi ...
10 hours ago
STI at 5,000 and beyond
Kwan Wei Kevin Tan and Felicia Tan - At the halfway mark this year, the STI has not just crossed 5,000 points but is also halfway to the next milestone of 6,000. Here’s how it got here and market watchers explain where it could go next. When private investor Goh Guan Siong started his investing journey, he used to check Singapore’s ...
10 hours ago
Reini Otter, CEO of Frasers Property Industrial, to step down and join ESR
The Edge Singapore - Reini Otter will step down as CEO of Frasers Property Industrial on Dec 17 to join ESR as CEO of Australia and New Zealand. Otter will be responsible for driving the next phase of growth for ESR across the region. He will focus on strengthening customer and capital partner relationships, acceleratin ...
10 hours ago
RedDoorz knocking on SGX’s door
Nirgunan Tiruchelvam - Investors of a certain age may remember Saint Jack, a film shot in Singapore. It was released in 1979, but was set in 1974 during the height of the Vietnam War. The film is based on a book of the same name by Paul Theroux. The main character was an American pimp called Jack Flowers. Jack offers a ve ...
10 hours ago
Banking on the Strait
Chew Sutat - The Strait of Hormuz has again choked up a tad, with projectiles allegedly fired by rogue hardline Iranian elements hitting commercial vessels. In retaliation, US President Donald Trump ordered airstrikes. At least, for now, both parties are still talking. Thus far, spot markets for oil and energy h ...
10 hours ago
The STI: An index of one
Lee Ooi Keong - The Straits Times Index (STI) is, by FTSE Russell’s own description, the most globally recognised benchmark index and market barometer for Singapore, tracking the 30 largest and most liquid companies on the Singapore Exchange (SGX). It is also the index Singaporeans hold through CPF and SRS. The m ...
10 hours ago
Japan June core inflation seen at 1.6% on elevated energy prices: Reuters poll
TOKYO, July 17 : Japan's core consumer inflation probably picked up in June from the previous month due to elevated energy prices, as well as technical factors including revisions to medical service fees, a Reuters poll showed on Friday.With price pressures from the Middle East conflict not exp ...
10 hours ago
The one price Singapore has decided not to manage
Frankie Ho - Singapore does not wait long to act on prices. When healthcare costs get too heavy for households, subsidies kick in. When the property market runs well ahead of income growth, cooling measures follow. When the cost of living runs hot, monetary policy is tweaked to rein it in. Certificate of Entitle ...
10 hours ago
The next national literacy
Jeffery Tan - Singapore does not wait long to act on prices. When healthcare costs get too heavy for households, subsidies kick in. When the property market runs well ahead of income growth, cooling measures follow. When the cost of living runs hot, monetary policy is tweaked to rein it in. I learnt about saving ...
10 hours ago
Southeast Asia must adjust to a new era of foreign investment
Manu Bhaskaran - For close to 40 years, Southeast Asia has thrived on foreign direct investment (FDI). FDI proved to be a shortcut for the region’s development because it brought a package of capital, management skills, access to markets, advanced manufacturing processes and brands that a developing country would ...
10 hours ago
Truth Social to sell trading firms and banks ‘fastest’ access to Trump’s posts
The move is TMTG’s first step into data licensing, and opens up a new revenue stream for the company
10 hours ago
Compute costs, tokens and the AI bubble
Assif Shameen - There is a lot of talk these days about the soaring cost of compute, even as high-flying AI “picks and shovels” stocks like chip behemoth Nvidia Corp have been pummelled in recent weeks. Earlier this month, Alex Karp, the outspoken CEO of Palantir Technologies, a software and data analytics gian ...
11 hours ago
Old Middle East, new China
Derwin Pereira - China has won America’s war on Iran. America has lost that war, but Iran has not won it because Israel will not give up its own war with Iran. It is China that has won because of its aversion to armed conflict, which is a key indicator of its global soft power. That power is apparent in the Middle ...
11 hours ago
Wiring Singapore for energy security through the Asean power grid
Marko Lackovic - The Asean Power Grid is transitioning from a long-standing ambition into an urgent strategic necessity. Surging electricity demand and the volatility of global fuel supplies are putting pressure on the region’s energy outlook. The uncertain energy landscape means businesses are directly exposed to ...
11 hours ago
Asia’s energy reckoning cannot wait until 2030
Woochong Um and Shaun Seow - When traffic through the Strait of Hormuz was brought to a halt earlier this year, and Brent crude surged past US$120 ($154.98) a barrel, the question across Asia was a natural one: when would conditions return to normal? A more useful, and more uncomfortable, question was what that normal had been ...
11 hours ago
Investment gains add weight to carbon intensity of MAS investments, but decarbonisation still on track
Lin Daoyi - In its sustainability report for FY2025 ended March 31, 2026, the Monetary Authority of Singapore (MAS) reveals that valuations for its investments in the carbon-intensive energy, materials and utilities (EMU) sectors have increased, presumably as part of the bull run experienced by global equities ...
11 hours ago
India's Tech Mahindra gains as strong deal wins lift growth outlook
July 17 : Shares of India's Tech Mahindra rose as much as 3.5 per cent on Friday after the IT services firm posted better-than-expected quarterly revenue, with analysts saying strong deal wins and margin improvement could make it one of the fastest growing companies among its peers.The stock wa ...
11 hours ago
JERA begins study on US listing as it steps up overseas expansion, sources say
TOKYO, July 17 : JERA, Japan's biggest power generator, has begun a feasibility study for a U.S. listing as it explores means of expanding overseas and broadening funding options, said three people familiar with the matter.The unlisted company, owned by Tokyo Electric Power and Chubu Electric P ...