8 hours ago
End of an era: Fitbit Singapore winds up as Google completes takeover of fitness tracker brand
Move marks a curtain call for Fitbit Singapore about 11 years after it was registered here in February 2015
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Japan steps up yen intervention threats, signals rate-hike chance
Its top currency diplomat said authorities may need to take “decisive” steps if speculative moves persist
9 hours ago
The Assembly Place posts 6.4% increase in FY2025 earnings to $6.6 mil
Samantha Chiew - Recently listed co-living operator The Assembly Place (TAP) announced that its FY2025 ended Dec 31, 2025, earnings have increased by 6.4% to $6.6 million from $6.2 million a year ago. The one-off IPO expenses in FY2025 came up to about $1.1 million. Excluding that from the equation, FY2025 earnings ...
9 hours ago
Time to cool EC demand: drop deferred payment scheme, lengthen MOP, tighten resale restrictions
Leslie Yee - Moderating growth will benefit eligible buyers without access to abundant liquidity
9 hours ago
URA releases mixed-use site for sale in Bayshore Drive
Chong Xin Wei - The residential component can yield about 1,280 units
10 hours ago
Australia to halve tax on fuel, underwrite spot cargoes
The measures are expected to cost the government A$2.55 billion
10 hours ago
Australia to halve tax on petrol to bring down costs in wake of Iran war
The measures are expected to cost the government A$2.55 billion
10 hours ago
CGS International maintains 'add' and $13.52 target price on Keppel; sale of M1 won't fall through despite delay
The Edge Singapore - The closing of the sale of M1 by Keppel to Tuas has been extended due to regulatory reasons, but Lim Siew Khee and Meghana Kande of CGS International do not think the sale will be called off. The long-stop date of the sale, announced last August, has been extended to May 21, instead of the original ...
10 hours ago
Hong Kong IPO revival hits snags, raising stakes for big deals
HONG Kong’s relentless surge in share sales over the past year is beginning to encounter headwinds, potentially slowing deal momentum and raising...
10 hours ago
Donald Trump says US could ‘take the oil in Iran’
US president tells the FT he is considering seizing strategic Kharg Island even as negotiations continue
11 hours ago
Singapore-based Ocean Network Express to buy 30% stake in Hutchison’s Thai port
Shikhar Gupta - The Singapore-based company sees Thailand as a ‘key strategic market’
11 hours ago
Ocean Network Express to buy 30% stake in Hutchison Ports’ Thai terminal
Shikhar Gupta - The Singapore-based company sees Thailand as a ‘key strategic market’
11 hours ago
RHB initiates iFast Corp at 'buy' with $12.20 target price
The Edge Singapore - Syahril Hanafiah of RHB Bank Singapore has initiated coverage of iFast Corp with a "buy" call and $12.20 target price, with a view that this company is a key beneficiary of the growing Asia-Pacific wealth management market. "Earnings growth is braced by the scaling up of iFast Global ...
11 hours ago
Stocks dive in Asia, Brent crude heads for record monthly rise
Asia is highly dependent on energy from the Middle East
11 hours ago
Manulife US REIT to divest Figueroa for US$92.5 mil
Felicia Tan - Manulife US REIT is looking to divest Figueroa to the City of Los Angeles’ Department of Water and Power at a sale price of US$92.5 million. The 35-storey Class A office building was acquired at US$357 million. The entry into the purchase and sale agreement is subject to board and council meetings ...
11 hours ago
DBS Group Research maintains ‘buy’ on Elite UK REIT following the latest independent valuation appraisal
Teo Zheng Long - DBS Group Research analyst Tabitha Foo is keeping her “buy” call on Elite UK REIT (SGX: MXNU ) , after the latest independent valuation appraisal saw a 9.1% uplift in portfolio valuation. “The uplift in portfolio valuations resulted in lifting Elite UK REIT’s net asset value (NAV) to £0.46 ...
11 hours ago
Japan’s Nikkei sinks on recession fears; benchmark JGB yields hit 27-year high
[TOKYO] Japan’s Nikkei share average tumbled on Monday (Mar 30), while benchmark bond yields briefly touched a 27-year high before retreating, as...
11 hours ago
Japanese shares tumble as Middle East conflict fuels stagflation fears
[TOKYO] Japanese shares slumped on Monday, tracking a broader retreat in risk assets as the widening Middle East conflict and the lack...
12 hours ago
Foreigners dump record US$12 billion India stocks in March on war
The India story is losing its luster as weak company earnings and sluggish local demand weigh, said a portfolio manager
12 hours ago
Bank of Japan chief signals vigilance to yen moves, impact on economy
TOKYO, March 30 : The Bank of Japan will closely watch yen moves as they affect the economy and prices, Governor Kazuo Ueda said on Monday, suggesting that rising import costs from a weak currency could justify raising interest rates in the coming months.The remark came as the yen slid past 160 agai ...
12 hours ago
BOJ watching FX movement as factor affecting economy, Governor Ueda says
TOKYO, March 30 : Bank of Japan Governor Kazuo Ueda said on Monday the central bank will closely watch foreign exchange rate movement as it is among factors that have a huge impact on economic and price development."We will guide policy appropriately by scrutinising how currency moves could aff ...
12 hours ago
Stocks to watch: DBS, Sembcorp Industries, Jardine C&C, Manulife US Reit, The Assembly Place
Deon Loke - The following companies saw new developments that may affect trading of their securities on Monday (Mar 30):
12 hours ago
Stocks to watch: DBS, Sembcorp Industries, Jardine C&C, Manulife US Reit
Deon Loke - The following companies saw new developments that may affect trading of their securities on Monday (Mar 30):
12 hours ago
Oil gains as Iran war escalates with Houthi attacks on Israel
OIL advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising...
12 hours ago
Manulife US Reit proposes US$92.5 million sale of Los Angeles property to trim debt
Shikhar Gupta - Divestment of 35-storey office property known as Figueroa will see S$10 million net loss
12 hours ago
Manulife US Reit proposes US$92.5 million sale of Los Angeles property
Shikhar Gupta - The 35-storey office property is known as Figueroa
12 hours ago
NTT Data eyes asset injections into Singapore Reit to fund Asia’s AI push
Young Zhan Heng - The Republic is ranked among the group’s top 10 markets in terms of economic contribution and potential
12 hours ago
BOJ debated need for more rate hikes, March meeting summary shows
TOKYO, March 30 : Bank of Japan policymakers debated the need to raise interest rates further as surging oil costs from the Middle East conflict heighten inflationary pressure, with one signalling the need to accelerate the pace of hikes, a summary of opinions at their March policy meeting showed on ...
12 hours ago
US Senate committee plans Warsh’s Fed nomination hearing as soon as week of April 13, Punchbowl reports
THE Senate Banking Committee is planning to hold its hearing on the nomination of Kevin Warsh as chair of the Federal Reserve...
12 hours ago
Eli Lilly extends partnership with Insilico Medicine for AI-powered drug discovery
March 29 : Insilico Medicine said on Sunday it is partnering with Eli Lilly in a deal worth up to $2.75 billion, expanding an existing collaboration on AI-powered drug discovery.Lilly will use Insilico's AI engine and receive an exclusive worldwide license for the development, manufacturing, an ...
13 hours ago
Stocks slide in Asia, Brent crude heads for record monthly rise
Brent crude has gained 59 per cent this month, topping the jump that followed Iraq's invasion of Kuwait in 1990.
14 hours ago
Food manufacturers fret as Iran war sends diesel, logistics, packaging cost soaring
Elysia Tan - They are now bracing for higher electricity and natural gas prices
14 hours ago
Singapore’s deep-tech push requires ‘calculated bets’, stronger ecosystem: NUS Enterprise’s Benjamin Tee
Benjamin Cher - Such ventures are not about moving from ‘zero to one’, but about scaling breakthroughs to impact millions, he says
14 hours ago
Why Iran and other doubts are bull market fuel
The surge in fears may signal the rally still has room to run