12 hours ago
Sea to launch new AI centre to drive innovation and capability-building in Singapore
Jermaine Fok - Facility could create at least 100 roles, spanning AI research, engineering and product development
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Regulators monitor Anthropic's Mythos for banking risks
SYDNEY, April 20 : Regulators said on Monday they are monitoring the development of Anthropic's frontier AI model Mythos, which experts say could have the capability to be used to destabilise banking systems.The vast capabilities of Mythos to code at a high level have given it a potential ...
12 hours ago
Asia bond outflows surge to four-year highs on inflation concerns
April 20 : Asian bonds recorded their largest monthly foreign outflows in four years in March as disruptions to oil and gas supplies from the Middle East conflict fueled inflation concerns, weighing on demand for fixed-income assets.Investors pulled a net $7.57 billion from regional bonds in South K ...
12 hours ago
Italy's Eni makes major Indonesian offshore gas discovery
MILAN, April 20 : Eni has made a major gas discovery in the Ganal block offshore Indonesia, the Italian oil and gas group said on Monday in a statement.• Preliminary estimates indicate volume of 5 trillion cubic feet of gas and 300 million barrels of condensate.• The discovery was made by the Ge ...
12 hours ago
Italy's Eni makes giant Indonesian offshore gas discovery
MILAN, April 20 : Eni has made a major gas discovery in the Ganal block offshore Indonesia, the Italian oil and gas group said on Monday in a statement.• Preliminary estimates indicate volume of 5 trillion cubic feet of gas and 300 million barrels of condensate.• The discovery was made by the Ge ...
12 hours ago
ETFs traded on SGX hit record of over S$19 billion AUM on 117% Q1 turnover surge
Therese Soh - China-focused exchange-traded funds are the strongest performers in Q1, supported by a price rally for energy stocks
12 hours ago
ETFs traded on SGX hit record of over S$19 billion AUM on 117% qoq turnover surge
Therese Soh - China ETFs with energy, EV exposure among top equity ETF performers
13 hours ago
S$3.9 billion Paragon acquisition seals CICT’s dominance in downtown retail, adds medical exposure
Ry-Anne Lim - Deal, to be partly funded by S$2.5 billion divestment of Asia Square Tower 2 to IOI, seen as ‘tactical swop’; may yield...
13 hours ago
S$3.9b Paragon acquisition seals CICT’s dominance in downtown retail, adds medical exposure
Ry-Anne Lim - Acquisition reinforces CICT’s stronghold as the largest owner of private retail stock in Singapore, may yield redevelopment potential on freehold parcel
14 hours ago
Humanoid robots race past humans in Beijing half-marathon, showing rapid advances
Chinese robotics firms are still struggling to develop the AI software that would enable humanoids to match the efficiency of human factory...
14 hours ago
Samsung SDI signs first EV battery supply deal with Mercedes-Benz
SEOUL, April 20 : South Korean battery maker Samsung SDI said on Monday it has signed a multi-year agreement with Mercedes-Benz to supply batteries for electric vehicles, marking its first EV battery supply deal with the automaker.The batteries will feature high-nickel NCM (nickel, cobalt, and manga ...
14 hours ago
Indonesia, Toyota in talks on potential bioethanol project
JAKARTA, April 20 : Indonesia is in talks with Japan's Toyota Motor Asia on a potential joint investment in bioethanol production in the Southeast Asian country, a government official and executives from Toyota told reporters on Monday.Here are some details:• A renewable energy subsidiary of ...
14 hours ago
Global cooperation on stablecoins critically important: BIS
The central bankers’ central bank has long raised concerns about stablecoins
15 hours ago
China’s Netflix iQiyi goes all-in on AI content in big overhaul
Overseas membership revenue has surged more than 30% last year
15 hours ago
Malaysia’s March exports rise 8.3% on year, below forecast
The country has recorded a trade surplus of RM24.6 billion in March
15 hours ago
Reckless housing land bids? Developers’ faith in Singapore government can pay off
Leslie Yee - Slowing economy could hurt housing demand, high energy prices might raise construction costs
15 hours ago
Battle-scarred developing nations look for path out of permacrisis
WASHINGTON, April 20 : Developing country policymakers left this week's IMF-World Bank meetings more frustrated than ever that successive external shocks are derailing their efforts to tackle high debt, reform their economies and deliver better lives for millions of citizens now struggling to p ...
16 hours ago
Vietnam plans to extend tax incentives for EVs until 2030
HANOI, April 20 : Vietnam plans to extend a special consumption tax cut on electric vehicles by nearly four years to the end of 2030 in a bid to boost EV sales and reduce emissions, the parliament office said over the weekend.The government will submit the proposal to extend the tax cut to parliamen ...
16 hours ago
Singapore GasCo secures extra LNG cargoes as Iran war hits supply, eyes long-term deals amid volatility
It received two spot cargoes from Australia and one from Mozambique since the war began
16 hours ago
Singapore GasCo secures extra LNG cargoes, eyes term deals despite war volatility
It received two spot cargoes from Australia and one from Mozambique since the war began
16 hours ago
Singapore is procuring more LNG as Iran war cuts some supply
Before the conflict, about a fifth of global LNG went through the Strait of Hormuz
16 hours ago
China to form brokerage with US$86 billion assets by merging firms
Beijing is trying to develop its domestic investment banks to allow them to compete with global heavyweights
16 hours ago
Bank Indonesia to hold rates at 4.75% through 2026 as Iran war fuels inflation risks: Reuters poll
BENGALURU, April 20 : Bank Indonesia (BI) is set to keep its key policy rate unchanged on Wednesday, according to all 31 economists polled by Reuters, with many paring bets for cuts this year as an Iran war-fuelled energy shock pushes up inflation and pressures the rupiah.That marks a sharp shift in ...
16 hours ago
AI’s token economy revolution creates new China tech winners
The market remains hypercompetitive with new players all the time, and the deeper-pocketed, larger firms are not sitting still
16 hours ago
UOBKH maintains ‘buy’ on Reclaims Global following better than expected FY2026 results
Teo Zheng Long - UOB KayHian analysts Tang Kai Jie and Heidi Mo have maintained their “buy” call on Reclaims Global (SGX: NEX ) after its recent FY2026 results. In their April 20 report, the analysts highlighted that Reclaims Global’s FY2026 earnings was above their expectation. “FY2026 net profit of $6.8 mi ...
17 hours ago
Asia private credit debates changes to soothe jittery investors
The region’s wealth channel has funnelled around US$48.8 billion into private credit funds, according to data
17 hours ago
JP Morgan upgrades UOL to overweight with $12 target
The Edge Singapore - JP Morgan upgraded UOL Group to an overweight on Apr 20 from neutral previously with a revised price target of $12, up from $9.55. The main reasons are: the 3Q2026 preview of Thomson Reserve with 1,240 units (in partnership with CapitaLand Development); the expected Marina Square redevelopment with ...
17 hours ago
Shakespeare bought one property in London. Now we know exactly where
That he bought a home in the city is already well known, but the exact location has never been confirmed
17 hours ago
Oil tanker exits Hormuz, heading to South Korea's HD Hyundai Oilbank, data shows
SEOUL, April 20 : An oil tanker is heading to discharge its cargo at South Korean refiner HD Hyundai Oilbank after passing through the Strait of Hormuz, shipping data showed.The Malta-flagged Odessa passed through the strait on April 13, Kpler data showed, but did not indicate where the tanker had l ...
17 hours ago
Hong Kong exchange tightens rules to avoid auditor shopping
The move effectively closes a loophole that allowed boards to pressure auditors into resigning without immediate shareholder oversight
17 hours ago
China fines Alibaba, PDD for food delivery business failures
The country’s hyper-competitive instant delivery market engaged in a price war in the past year as platforms tried to defend their market...
18 hours ago
Singapore tycoon seeks US$1 billion from banks over collapsed firm
More than a decade later, Ching Chiat Kwong, who says he put US$100 million of his own money into NewSat, has not...
18 hours ago
CapitaLand Trust to buy Paragon in S$3.9b deal, sells Asia Square Tower 2 for S$2.5b
CapitaLand Integrated Commercial Trust (CICT) said on Monday (Apr 20) it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia's IOI Properties for S$2.48 billion (US$1.95 billion).The 773,000-square-foot property housing office, hotel and retail s ...
18 hours ago
Koh Brothers Eco jumps 13.5% as its unit Oiltek crosses S$1 billion market value
Shikhar Gupta - Koh Brothers Group shares also end 18.3% higher