15 hours ago
Singapore stocks slip on Friday as oil volatility weighs; STI down 0.4%
Renald Yeo - The iEdge Singapore Next 50 Index declines 0.9% to 1,464.78
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
15 hours ago
Exclusive-Amazon plans smartphone comeback more than a decade after Fire Phone flop
SAN FRANCISCO, March 20 : In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops. Now, Amazon is dialing up a new phone.The l ...
15 hours ago
Amazon plans smartphone comeback more than a decade after Fire Phone flop
SAN FRANCISCO, March 20 : In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops. Now, Amazon is dialing up a new phone.The
15 hours ago
Singapore prioritising ‘dry powder’ to intervene if Middle East conflict worsens: Tan See Leng
Sharanya Pillai - Singaporeans and businesses will need to brace for a ‘very bumpy ride’, and are urged to conserve energy
15 hours ago
SIA extends Dubai halt to end-April, adds capacity to London and Melbourne
Shikhar Gupta - The airline is shifting aircraft capacity to capture rising travel demand for the Northern Summer season
16 hours ago
BYD showrooms are bustling across Asia after Iran oil shock
South-east Asian countries have EV adoption rates of around 40%, exceeding levels in the UK and Europe
16 hours ago
City Square Mall’s CDL MicroForest shows dense urban greenery can cool temperatures up to 5°C
Jovi Ho - A year after the launch of City Developments’ (CDL) 2,800 sq ft CDL MicroForest, early findings indicate that the “living laboratory” helps cool temperatures by up to 5°C compared to surrounding and roadside areas. Nature-based solutions like the CDL MicroForest at City Square Mall’s City G ...
17 hours ago
Taiwan February export orders miss forecasts
17 hours ago
ECB would need April hike if price outlook sours, Nagel says
Governing Council member Joachim Nagel says a more restrictive monetary-policy stance would probably be necessary
18 hours ago
IMDA to boost AI adoption among Singapore enterprises with new bootcamp
Jermaine Fok - The programme will be organised in collaboration with Boston Consulting Group and EY-Parthenon
18 hours ago
IMDA to boost AI adoption among Singapore SMEs with new bootcamp
Jermaine Fok - The programme will be organised in collaboration with Boston Consulting Group and EY-Parthenon
18 hours ago
OCBC cannot claim US$56 million from insurers for the capsized vessel it funded: Court of Appeal
Tay Peck Gek - Court points out that OCBC had not proved that the rig was lost by peril of the seas as it did not...
18 hours ago
Bitcoin holding at US$70,000 as Iran war stokes inflation concerns
Bitcoin has fallen for three straight days after reaching a six-week high of nearly US$76,000 on Tuesday
18 hours ago
Watch maven Tay Liam Wee sells Nassim GCB plot for S$92 million or S$3,846 psf
Kalpana Rashiwala - The 23,922 sq ft vacant site is being sold by former Sincere Watch boss to the founder of medical aesthetics clinic chain...
18 hours ago
War in Iran threatens fresh food-price shock across developing world
LONDON, March 20 : Disrupted fertiliser shipments and soaring energy prices from the war in Iran are threatening to unleash a fresh food-price surge across vulnerable nations, risking a years-long setback just as many were recovering from successive global shocks.Developing countries were strengthen ...
18 hours ago
LHN’s portfolio remains resilient as it transitions to asset-light model
Samantha Chiew - UOB Kay Hian is reiterating its “buy” call on LHN with a lower target price of 71 cents from 84 cents previously. Analysts Heidi Mo and Tang Kai Jie like that the group continues to see strong occupancy rates across its core space optimisation business, signalling a “firm start” to FY2026. A ...
18 hours ago
Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
DOHA: Iranian attacks have knocked out 17 per cent of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated US$20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters on Thursday ...
19 hours ago
IMDA launches AI bootcamp for business leaders to move beyond AI pilots
Nurdianah Md Nur - Singapore is launching a hands-on artificial intelligence (AI) bootcamp aimed at chief executives and senior business leaders to close a persistent gap between AI ambition and real-world deployment. Called the Digital Leaders Accelerator Bootcamp (DLAB), the programme will be run by the Infocomm Med ...
19 hours ago
China’s tourists turn from Japan to South-east Asia, but will momentum last?
Evan See - The region could see Chinese crowds worth US$35 billion this year – but what happens when tensions with Japan subside?
20 hours ago
MAS launches AI risk toolkit for financial institutions with case studies from DBS, peers
Renald Yeo - Singapore’s central bank will also set up an artificial intelligence risk management workgroup
20 hours ago
Transforming Singapore’s construction industry through mindsets, innovation and value creation
City & Country - The pandemic was a defining moment for the construction industry; it exposed several structural vulnerabilities, from the industry’s reliance on cross-border labour mobility to supply chain disruptions and productivity constraints. However, it also became a catalyst for transformation, says Lee Ka ...
20 hours ago
RHB keeps ‘buy’ on Suntec Reit following Hongkong Land’s acquisition of 10.8% stake
Chloe Lim - It has unchanged target price of S$1.67
21 hours ago
YTL Cement balances business, sustainability and ecosystem-building
City & Country - In 2023, YTL Cement managing director Michael Yeoh said the Malaysian construction industry should prioritise sustainability even as firms attempt to recover from the impact of the pandemic. Speaking at the inaugural run of the Embracing Sustainability in Construction and Real Estate Symposium by Th ...
21 hours ago
Gold set for third weekly fall on hawkish US Fed, elevated dollar
Bullion has lost over 6 per cent so far this week.
21 hours ago
Singapore and the AI economy: Builder or deployer?
Nurdianah Md Nur - At the recent Committee of Supply debate, Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong said Singapore will establish a dedicated AI park at LaunchPad @ One-North. Branded as Kampong AI, the project will repurpose two existing seven-storey blocks within the expanded LaunchPa ...
21 hours ago
Will Manulife US REIT’s distributions ever return?
Felicia Tan - Over-geared because of a series of untimely acquisitions, Manulife US REIT (MUST), the first US office REIT to be listed in Asia, has been struggling to get back on its feet. Since its IPO at 83 US cents, the REIT is a shadow of its former self at just 6 US cents at its last close on March 19. From ...
21 hours ago
Are we facing an AI nightmare?
Raghuram G Rajan - The small equity research shop Citrini recently sent financial markets into a panic when it outlined a scenario in which AI would eliminate most white-collar jobs by 2028, with dire consequences for the broader economy. But this forecast is surely too pessimistic in some respects. Outside a few sect ...
21 hours ago
Is accountancy still relevant for the Singapore stock market?
Lin Daoyi - From 2018 to 2024, the first-year intake of accountancy students at Singapore’s autonomous universities declined significantly. For instance, Nanyang Technological University’s accountancy intake dropped by more than 40% from 541 in 2018 to 314 in 2024. Coupled with an ageing workforce and attri ...
21 hours ago
Rupee breaches 93 per US dollar to hit record low as Iran war risks deepen
With no let-up in the conflict, Indian currency looks increasingly vulnerable and could slip to 95 per dollar
21 hours ago
Rupee breaches 93 per dollar to hit record low as Iran war risks deepen
[MUMBAI] The Indian rupee fell past the 93 per dollar level for the first time on Friday (Mar 20), on heightened worries...
21 hours ago
Rupee set for all-time low on oil fears, pullback in crude from highs offers relief
[MUMBAI] The Indian rupee is set to weaken toward a lifetime low on Friday, pressured by persistently high oil prices, although a...
21 hours ago
CapitaLand India Trust tweaks capital structure as it forges ahead with forward purchases
Goola Warden - CapitaLand India Trust (CLINT) celebrates its 20th anniversary this year. A key structural change has occurred in the intervening years, driven by the interest rate backdrop. Change is underway in the trust’s capital structure in the wake of the narrowing gap between India’s policy repo rate and ...
22 hours ago
Lincotrade rides bullish construction demand and data centre hype
Teo Zheng Long - The ongoing construction boom benefited not only construction players but also interior fit-out companies, as completed residential and commercial buildings require fit-out services before occupants can move in. One of the many players poised to benefit from this trend would be Lincotrade & Asso ...
22 hours ago
US, Germany, Canada disrupt botnets that infected millions of devices
NEW YORK, March 20 : Law enforcement agencies in the United States, Germany and Canada have carried out an operation to take down infrastructure used by four major botnets that infected more than 3 million devices worldwide. The U.S. Department of Justice said in a statement on Thursday the maliciou ...