5 hours ago
Brazilian payments unicorn Ebanx makes South-east Asia push
Investments for this year’s expansion will be financed by the firm’s cash on hand
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Koh Kim Xuan - He will be replaced by current MDDI Permanent Secretary Tan Chye Hee
6 hours ago
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire; Tan Chye Hee to succeed him
Koh Kim Xuan - He served in the public service for 35 years
6 hours ago
Global investors boost US dollar-hedging ratio to two-year high
Hedging ratio on the greenback rises to 63% as of Apr 10
6 hours ago
Japan’s Nikkei closes at record high, wiping out Iran war losses
The index is just 0.8% away from the 60,000 milestone eyed by investors
7 hours ago
DBS keeps StarHub at 'fully valued' as Ensign sale falls short of estimates
Nurdianah Md Nur - DBS Group Research is maintaining its "fully valued" call on StarHub with an unchanged target price of 94 cents, following the announcement of the telco's agreement to sell down its stake in Ensign InfoSecurity. Under the deal, StarHub will sell a 16.81% stake in Ensign to Temasek for ...
7 hours ago
Keppel DC REIT plans AEI for KDC SGP 1
The Edge Singapore - During Keppel DC REIT’s (KDC REIT) 1QFY2026 results briefing for analysts, the focus was on a specific asset, KDC Singapore 1 (KDC SGP 1) a property in Serangoon North Industrial Estate. The REIT’s 2025 annual report had indicated that the land lease for the KDC SGP 1 asset was extended by 30 ye ...
7 hours ago
No further chances on GEH privatisation, says OCBC chairman Andrew Lee
Felicia Tan - Oversea-Chinese Banking Corporation (OCBC) is not looking to privatise Great Eastern Holdings after its previous exercise in May 2024, says the bank’s chairman Andrew Lee at its annual general meeting (AGM) on April 16. Lee’s comments echo group CEO Tan Teck Long’s remarks made at the bank’s ...
7 hours ago
CATL overtakes PetroChina in market value as green bets ramp up
The battery maker now ranks as China’s third-largest onshore stock
7 hours ago
Power price hikes held at bay with Singapore landlords, hotel operators buffered by locked-in rates
Chong Xin Wei - Even as energy costs soar amid the Middle East war, real estate asset owners say the impact will be limited
7 hours ago
Far East Hospitality finds its niche while going ‘asset-light’
Jovi Ho - Global hotel chains are expanding through management and franchise contracts, a model now spreading to regional operators looking to boost fee income while limiting capital exposure. Can Far East Hospitality do the same? The “asset-light” strategy adopted by local corporate giants like CapitaLan ...
7 hours ago
Air Liquide to invest $236 million in Japan to support next-generation AI chip production
April 16 : Air Liquide said on Thursday it would invest 200 million euros ($236 million) in Japan to build, own and operate two new industrial gas production units in Hiroshima, under a long-term agreement with a global semiconductor leader expanding its advanced chip manufacturing capacity.The Fren ...
7 hours ago
Japan sees private credit as a policy pillar despite overseas market turmoil
TOKYO, April 16 : Japan's financial regulator sees private credit as a potential key pillar of its new strategy to meet rising corporate funding demand driven by a surge in M&A activity, a senior official told Reuters, despite turbulence in overseas private credit markets. The move reflects ...
8 hours ago
DBS thinks ‘lodging powerhouse’ Far East Orchard could divest $1.1 bil in non-core assets
Jovi Ho - Far East Hospitality (FEH), the focus of this week’s cover story on City & Country, is a 70:30 joint venture between Mainboard-listed Far East Orchard (FEO) and The Straits Trading Company. As at March 10, the thinly traded FEO is 63.61%-owned by Far East Organization, the largest private prop ...
8 hours ago
Zara owner Inditex reports unauthorised access to transaction databases
April 16 : Zara owner Inditex said it had identified unauthorised access to databases hosted by a third party containing information on transactions with customers.The databases do not contain customer data, addresses, passwords, or bank card details, Inditex said in a statement late on Wednesday, a ...
8 hours ago
Samsung asks court to block labour unions from holding a strike
SEOUL, April 16 : Samsung Electronics asked a court to block its South Korean labour unions from holding a strike, MoneyToday reported on Thursday. Unionised workers at Samsung last month voted to authorise strike plans and threatened to walk out for 18 days from May 21, should they fail to agree on ...
8 hours ago
TSMC’s profit surges 58% on AI-driven chip demand
The chipmaker makes the vast majority of the world’s most advanced semiconductors
9 hours ago
Malaysia’s Petronas to supply excess fuel to Australia as leaders vow closer energy ties
The South-east Asia country is widely considered as a global leader in halal processing due to its established certification standards
9 hours ago
Hyundai Motor's US sales chief has left the company, Automotive News reports
SEOUL, April 16 : Michael Orange, the Hyundai Motor executive responsible for sales in all of the automaker's seven U.S. regions, left the company on Tuesday, Automotive News reported. The automaker was not immediately available for comment.
9 hours ago
TSMC Q1 profit jumps 58% to record, beats expectations
TAIPEI, April 16 : TSMC, the world's largest contract chipmaker, posted a 58 per cent jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from huge appetite globally for its artificial intelligence processors.Taiwan Semiconductor Manufactu ...
9 hours ago
TomTom's reorganization boosts operating profit in Q1
April 16 : Dutch digital mapping specialist TomTom reported on Thursday higher than expected operating profit for the first-quarter of the year despite lower revenue following an internal reorganization.Its earnings before interest and taxes (EBIT) came in at 13.8 million euros ($16.3 million), abov ...
9 hours ago
Trump’s quest for more sway over Fed faces fresh hurdles
If the US Senate does not confirm Jerome Powell’s successor by May 15, the Fed chair said he will continue on as...
9 hours ago
Singapore developers deepen long-term bet on Vietnam
Ry-Anne Lim - Strong growth prospects, a young and increasingly well-educated workforce and expanding middle class are key drivers
9 hours ago
Thailand rushes to secure oil, fertiliser as Strait of Hormuz remains shut
Despite talk of a US-Iran ceasefire extension, policymakers are still on high alert in South-east Asia
10 hours ago
US House to weigh penalties on AI model copying by Chinese firms
Known as the Deterring American AI Model Theft Act, the bill is set to be considered by the House Foreign Affairs Committee...
10 hours ago
China’s US$51 trillion savings help bonds to outperform during war
With credit demand still weak, banks have limited scope to expand lending
10 hours ago
British investor Fred Blackford builds $500 million stake in Bytedance, FT reports
April 16 : Fred Blackford, a British tech investor who heads Future Positive Global, has accumulated a stake worth more than $500 million in TikTok-owner ByteDance, he told FT in an in interview published on Thursday.
10 hours ago
BOJ to hike rates by June as war-fuelled inflation risks mount: Reuters poll
TOKYO, April 16 : The Bank of Japan will raise its benchmark rate to 1.00 per cent by end-June, with nearly two-thirds of economists in a Reuters poll predicting the move, and a hike this month or in June seen as equally likely amid uncertainty over the fallout from the Iran war.Markets are struggli ...
11 hours ago
Singapore semicon firms not yet feeling the pinch from Iran energy crisis: industry body
Tessa Oh - But a prolonged crisis could eventually squeeze manufacturing margins
11 hours ago
SIA’s dividend capacity will be curtailed if it injects more than expected fund into Air India, says analyst
Tay Peck Gek - The Indian airline racks up a wider-than-expected annual loss of more than 220 billion rupees (S$3 billion) for FY2026
11 hours ago
Vietnam rushes biofuel rollout as Iran war prompts energy pivot
The move follows similar drives in Indonesia and Thailand
11 hours ago
CGSI reinforces bullish call on UMS Integration with higher target price
Lin Daoyi - Among the stocks to outperform the Straits Times Index (STI) this year is semiconductor equipment manufacturer UMS Integration. Closing at $1.79 on April 15 and accounting for the 1-for-4 bonus share issue, the counter has risen by around 57% since the start of 2026, compared to the STI’s 8% gain. ...
11 hours ago
SBS Transit shares rally past S$4 on bumper dividend, stronger cash flow visibility
Derryn Wong - Analysts say the expected total dividend of nearly S$0.50 per share implies a 14.4% yield
11 hours ago
Malaysia plans to use tycoon Aminul Islam’s new migrant worker system
Bestinet already operates a software system called the Foreign Workers Centralised Management System, or FWCMS