7 hours ago
BMW expects 2026 earnings to decline as tariffs bite
Profit before tax is forecast to fall between 5 and 9.9%
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
Blue chips close lower in Singapore; STI slides 0.2%
Tay Peck Gek - Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands
7 hours ago
KSH Holdings wins new contract worth more than $32 mil; total order book around $1 bil
The Edge Singapore - KSH Holdings has won a new contract worth more than $32 million. With this, its total order book has reached around $1 billion. These existing contracts on hand will provide earnings visibility to its financial year ending March 2030. KSH Holdings shares closed at 35 cents on March 12, down 2.82% fo ...
7 hours ago
GLP seeks US$20 billion valuation in planned Hong Kong IPO: sources
Deal would mark GLP’s return to public markets
8 hours ago
Bank Indonesia to hold key rate at 4.75% on March 17 as Middle East war weighs on rupiah - Reuters poll
BENGALURU, March 12 : Bank Indonesia (BI) will keep interest rates steady for a sixth consecutive meeting on Tuesday, according to a majority of economists in a Reuters poll, as renewed pressure on the rupiah from the Middle East war limits the central bank's room to ease policy.While BI has pr ...
8 hours ago
Hongkong Land appoints four portfolio Chief Executives to accelerate Strategic Vision 2035
The Edge Singapore - On March 12, Hongkong Land announced the appointment of four Portfolio Chief Executives and the establishment of a revised Management Committee. These changes took effect March 1 and are part a new portfolio-led operating model designed to drive growth across the group’s core markets. The updated ...
8 hours ago
Honda flags operating loss of as much as US$3.6 billion this fiscal year
The loss is due to mounting costs related to its electric vehicle strategy
8 hours ago
Goldman Sachs delays Fed rate-cut call as Middle East war lifts inflation risks
It now expects quarter-point reductions in September and December
9 hours ago
Vietnam’s aircraft orders are soaring. Now it wants the financing at home
Jamille Tran - Airlines are looking beyond the Middle East challenges as they aim to position the country as a regional aviation hub
9 hours ago
JPMorganChase Corporate Challenge returns to Singapore on Apr 16
The Edge Singapore - In April, the JPMorganChase Corporate Challenge celebrates its 24th year in Singapore, where an expected 13,000 runners, joggers and walkers are expected to gather at the F1 Pit Building. The event takes place on April 16, a weekday evening so that office workers can join in. The 5.6 km distance is ...
9 hours ago
Mobility, delivery firms take different tacks in helping riders, drivers tackle fuel spikes in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
9 hours ago
Mobility and delivery firms differ in defraying fuel costs for riders and drivers in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
10 hours ago
Seatrium establishes house union to represent more than 5,000 workers
Chloe Lim - This move provides a ‘unified platform’ to support and represent the company’s workforce
10 hours ago
Asia Pacific’s US$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about US$800 billion ($1.02 trillion) expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pa ...
10 hours ago
Asia Pacific’s USD$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about USD$800 billion expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pacific’s data c ...
10 hours ago
Honda expects FY2025/26 loss of up to $4.3 billion from review of EV strategy
TOKYO, March 12 : Honda Motor revised down its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) in the financial year ending this month due to reassessment of its electrification strategy, it said on Thursday.The Japanese carmaker cancelled development ...
10 hours ago
China orders immediate ban on March fuel exports: sources
The Asian nation is the world’s biggest oil importer and a major fuel exporter
10 hours ago
UI Boustead Reit closes 8.5% below IPO price amid broader market retreat
Shikhar Gupta - It is the first 2026 mainboard listing, and follows a strong offering pipeline in 2025
10 hours ago
UI Boustead Reit opens 8.5% below IPO price amid broader market retreat
Shikhar Gupta - It is the first 2026 mainboard listing, and follows a strong offering pipeline in 2025
11 hours ago
Estee Lauder sues perfumer Jo Malone for breach of contract
US company objects to use of British entrepreneur’s name in her collaboration with Zara.
11 hours ago
Hong Kong authorities launch insider trading, corruption probe on brokers, hedge fund
HONG KONG, March 12 : Hong Kong's Securities and Futures Commission said it launched an investigation with city's anti-corruption agency on insider trading and corruption activities. The SFC and the Independent Commission Against Corruption (ICAC) on Monday and Tuesday raided two securitie ...
11 hours ago
Airline hedging strategies fall short as jet fuel price surges
Major carriers in the US and China have no hedging contracts in place, leaving them fully exposed to jumps in fuel price
11 hours ago
Nomura hires FX traders in Asia on bet high volatility to drive demand
Demand for the debt has been growing as global asset managers increase allocations
11 hours ago
Should investors ‘buy the dip’? How to invest as volatility rises amid Iran crisis
Chloe Lim - Analysts say it’s too early to do so, and recommend blue chips, gold, safe-haven currencies and selected industries
12 hours ago
Temasek Shophouse’s outdoor community space to open March 14
Jovi Ho - Social impact hub Temasek Shophouse will open its new outdoor community space to the public on March 14, nearly six months after the official opening of the main building. The new outdoor space supports biodiversity while creating accessible spaces for environmental learning and public participation ...
12 hours ago
Asian banks pause Gulf lending drive on mounting risks from war
Some banks from Japan, Greater China and Singapore are also reviewing their pipelines and existing exposures
12 hours ago
Anthropic seeks appeals court stay of Pentagon supply-chain risk designation
March 12 : Anthropic on Wednesday sought a stay from a U.S. appeals court after the Pentagon said the company was a supply-chain risk, pending a judicial review of the case, adding that the designation could cost it billions of dollars in lost revenue. Anthropic's latest request comes after a w ...
12 hours ago
Anthropic seeks court stay of Pentagon supply-chain risk designation
March 12 : Anthropic asked a U.S. appeals court on Wednesday for a stay of the Pentagon's designation of the company as a supply-chain risk under a broader law, pending judicial review of the case.In a filing with the U.S. Appeals for the D.C. Circuit, Anthropic said the Pentagon's decisio ...
12 hours ago
Seatrium continues assets divestment, fast-tracks P-78 into full-operational readiness
Lin Daoyi - In bourse filings on Mar 9 and 11, Mainboard-listed Seatrium has announced the successful divestments of Karimun Yard located on Karimun Island, Indonesia, and Crescent Yard in Singapore. The divestments are part of Seatrium’s strategy to enhance operational efficiency, unlock value and achieve co ...
12 hours ago
MUFG, State Bank of India sign pact to boost cross border deals
In addition to mergers, the partnership will focus on sectors including aviation and real estate finance
12 hours ago
Frasers Hospitality to spend S$140 million on refurbishing four assets in gateway cities
Chong Xin Wei - This will add more keys to the hotels and improve operational efficiency
12 hours ago
‘Stealth’ Pokemon hit boosts Nintendo Switch 2 momentum sentiment
[TOKYO] Nintendo said on Thursday (Mar 12) it has sold more than 2.2 million copies of Pokemon Pokopia in the four days...
12 hours ago
Asia’s LNG buyers hunker down for Middle East war lasting months
Although prices have pulled back from a peak of about US$25 last week, they are still 80% higher than before the conflict...
13 hours ago
Allianz, Sun Life are said to weigh bids for HSBC Life Singapore
Considerations are ongoing and the companies might decide not to proceed, while other bidders could also emerge, according to sources