7 hours ago
CGSI upgrades Sheng Siong to ‘add’; RHB raises target price on store outlook
Shikhar Gupta - However, DBS argues the supermarket operator’s 2026 growth has already been priced in
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
Jollibee Food’s Highlands Coffee evaluates Vietnam IPO
The fast-food restaurant operator expects the Vietnamese listing to be completed in the first quarter of 2027
7 hours ago
Philippines’ Jollibee Food’s Highlands Coffee evaluates Vietnam IPO
The fast-food restaurant operator expects the Vietnamese listing to be completed in the first quarter of 2027
7 hours ago
CGS International bumps Sheng Siong to ‘buy’ on better economies of scale
Samantha Chiew - CGS International is turning more bullish on supermarket operator Sheng Siong following its recent FY2025 ended Dec 31, 2025, results announcement. See more: Another strong year expected for Sheng Siong Analysts Meghana Kande and Lim Siew Khee have upgraded their call on Sheng Siong to “buy” fro ...
7 hours ago
Singdollar weakens more than 1% against the US dollar as Iran conflict sparks safe-haven flight
Deon Loke - Broad USD strength is observed because of its safe-haven nature
7 hours ago
Singdollar weakens more than 1% against the dollar after Iran conflict sparks safe-haven flight
Deon Loke - Broad USD strength is observed because of its safe-haven nature
7 hours ago
With recovery in sight, analysts increase target prices for Venture Corporation
Lin Daoyi - Analysts have weighed in on the performance and outlook of Mainboard-listed Venture Corporation, which earnings dipped 7.4% y-o-y to $227 million for FY2025 ended Dec 31. Venture, a provider of high-end technological services, products and solutions, reported full-year revenue of $2.53 billion which ...
7 hours ago
Gulf war could hike Singapore electricity prices: EMA; pump prices mostly up
Sharanya Pillai - Gas prices surge as much as 50% in Europe and Asia markets, after world’s largest LNG producer shut down its facility
7 hours ago
Gulf war could hike Singapore electricity prices: EMA
Sharanya Pillai - Gas prices surge as much as 50% in European and Asian markets, after the world’s largest LNG producer shut down its facility
7 hours ago
Middle East conflict likely to raise global energy and Singapore electricity prices: EMA
Sharanya Pillai - Gas prices surge as much as 50% in European and Asian markets, after the world’s largest LNG producer shut down its facility
8 hours ago
Australian shares tumble over 2% as hot GDP data rekindles rate-hike bets
AUSTRALIAN shares extended early losses on Wednesday, driven by a selloff across most sectors, after surprisingly brisk economic growth rekindled interest rate-hike...
8 hours ago
Banks that treat integration as core infrastructure will lead in the AI era
David Irecki - In financial services, the battle for artificial intelligence (AI) advantage will not be won by those who experiment first, but those who build on strong foundations. Singapore’s banks and large financial institutions are moving quickly to embed AI into everything from customer engagement and risk ...
8 hours ago
Nikkei falls to one-month low as Middle East conflict intensifies
[TOKYO] Japan’s Nikkei share average slipped on Wednesday to its lowest level in a month as investors sold risk assets amid an...
8 hours ago
PARF rebate cuts unlikely to significantly affect COE renewals: Jeffrey Siow
The Acting Minister for Transport estimates that fewer than 2,000 car buyers who had signed sales contracts were affected by the revised car scrapping rebates.
8 hours ago
DBS secures principal underwriting licence for China non-financial corporate bonds
Felicia Tan - DBS China has been granted a principal underwriting licence for non-financial corporate bonds by China’s National Association of Financial Market Institutional Investors (NAFMII). According to the bank, this is the most comprehensive licence granted by NAFMII. With it, DBS is now the only Singapor ...
8 hours ago
Commercial podium at Tedge relaunched for sale at lower guide price of $13.88 mil
Gerine Tang Yi Qian - A freehold suburban retail podium at Tedge has been relaunched for sale at an indicative guide price of $13.88 million, or about $2,490 psf on strata area, down from the previous guide price of $18 million in 2023. The asset, marketed exclusively by CBRE via an expression of interest (EOI) exercise ...
8 hours ago
Panic sweeps South Korean stocks in biggest one-day crash on record
Of more than 800 stocks on the benchmark, only 10 finished in the green
8 hours ago
Panic sweeps South Korean stocks in biggest two-day crash since 2008
South Korea is the world’s eighth-largest crude consumer, investors are rethinking overheated equity bets
8 hours ago
Stock plunge sparks trading halt in South Korea's key indexes
The Kospi plunged 8 per cent on Wednesday (Mar 4), extending a steep selloff from the previous day as the escalating war in the Middle East rattled investor sentiment.
8 hours ago
84-year-old OK Lim’s jail term cut by 4 years to 13.5 years; ‘judicial mercy’ appeal for a day’s jail rejected
Benicia Tan - Judge says defence’s comparison to mercy in Ong Beng Seng’s case was misguided; Ong has been diagnosed with a rare blood cancer
8 hours ago
Former oil tycoon OK Lim gets reduced jail term in US$111.7 million case appeal
Benicia Tan - However, the High Court rejects the appeal against his conviction
8 hours ago
Former oil tycoon OK Lim granted jail term cut in US$111.7 million case appeal
Benicia Tan - The High Court rejects his appeal against conviction, but allows his appeal against a 17.5 year sentence
8 hours ago
Parf rebate reduction not expected to change COE renewal behaviour: MOT
Derryn Wong - Fewer than 2,000 car buyers were affected by the changes, says Acting Minister for Transport Jeffrey Siow in Parliament
8 hours ago
Budget 2026: Singapore’s agri-food sector to get S$70 million in second round of government funding
Janice Lim - It will provide co-funding support for local farms to increase capacity and capability for local production
8 hours ago
Blackstone's $4 billion New World talks stall over control, Bloomberg News reports
March 4 : Talks between Blackstone and New World Development have stalled as the Cheng family resists giving up control of the Hong Kong property developer, Bloomberg News reported on Wednesday, citing people familiar with the matter.The New York-based private equity firm proposed investing about $2 ...
8 hours ago
Blackstone talks on $4 billion New World Deal stall over control, Bloomberg News reports
March 4 : Talks between Blackstone and New World Development have stalled as the Cheng family resists giving up control of the Hong Kong property developer, Bloomberg News reported on Wednesday, citing people familiar with the matter.The New York-based private equity firm proposed investing about $2 ...
9 hours ago
Trump escalates confrontation with banks over crypto agenda
Banks oppose provisions that would allow firms such as crypto exchanges to pay yield to users holding stablecoins
9 hours ago
Alibaba's Qwen AI division head becomes latest exec to leave this year
BEIJING, March 4 : The head of Alibaba Group's Qwen artificial intelligence model division, Lin Junyang, said on Wednesday he would be stepping down from his role, becoming the third senior Qwen executive to depart this year."Bye my beloved Qwen," Lin wrote in a post on X, without pro ...
9 hours ago
Head of Alibaba's Qwen AI division resigns
BEIJING, March 4 : The head of Alibaba Group's Qwen artificial intelligence model division, Lin Junyang, said on Wednesday that he would be stepping down from his role - a move that comes two days after the company released updated products."Bye my beloved Qwen," Lin wrote in a post o ...
9 hours ago
Sea shares slump 16.5%; analysts deem drop an ‘overreaction’
Shikhar Gupta - Citi and Maybank Securities say the sell-off ignores company’s strategic logic
9 hours ago
Sea shares slump 16.3%; analysts deem drop an ‘overreaction’
Shikhar Gupta - Citi and Maybank Securities say the sell-off ignores company’s strategic logic
9 hours ago
Nikkei 225 slips 3.6%, Kospi slumps 12.1% as Asia-Pacific indices tumble on Iran worries
Chloe Lim - Sell-offs in airline counters come amid surging jet fuel prices and flight corridor suspensions
9 hours ago
STI drops 2%, Asia-Pacific indexes fall as Iran worries continue to plague markets
Chloe Lim - In Asia, Japan’s Nikkei 225 slips 3.5%, while the Topix falls 3.6%
9 hours ago
STI drops 2%, Asia-Pacific indexes slump as Iran worries continue to plague markets
Chloe Lim - [SINGAPORE] Singapore and the wider Asia markets continue to feel the ripple-on effects of US-Israel attacks on Iran on Wednesday (Mar 4).