Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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18 hours ago
Former HUDC estate Rio Casa to be up for en bloc sale
Lee Meixian - AMID the recovering market sentiment, Rio Casa, a privatised HUDC estate at Hougang Avenue 7 (formerly called Hougang N3), has reached the requisite 80 per cent consent needed for a collective sale.
18 hours ago
Not all old HDB flats qualify for Sers: Wong
Lee Meixian - DON'T bet your money on buying an old HDB flat in the hope that the government will buy it back for redevelopment. National Development Minister Lawrence Wong had this warning for homebuyers, especially young couples, which he expounded on in a blog post on Friday.
18 hours ago
Founder of Japan's Quijote empire buys villa on Sentosa Cove
THE maverick founder of Japanese discount retail group Don Quijote has bought a villa in Sentosa Cove for S$21.25 million or S$1,886 per square foot based on the land area of 11,268 sq ft.
18 hours ago
Pennsylvania town with a population of 60 up for sale
GOT US$1.5 million to spare? If so, tiny Reduction, a one-time company town built to house workers at a long-vanished garbage- processing plant in western Pennsylvania, could be yours for the asking.
18 hours ago
US banks shouldn't assume good fortune is bulletproof
Nisha Gopalan - AMERICA, one; Europe, nil.
18 hours ago
StanChart says costly compliance upgrades almost done
STANDARD Chartered plc (StanChart) said it has almost completed costly technology upgrades required to cope with stricter banking regulations worldwide, freeing it up to focus more on revenue-generating products such as digital banking.
18 hours ago
STI drops 0.85% over week ahead of US healthcare vote
R Sivanithy - THE local market has always been vulnerable to external developments, most of the time those in the United States. Frequently, the focus is on the US Federal Reserve's actions and guidance with regard to interest rates; however, although this week's action provided a good example of America's influence here, this time it wasn't the Fed that held the market's attention; rather, traders waited to gauge Wall Street's reaction to developments in the US House of Representatives.
18 hours ago
Brokers' take
MAPLETREE Logistics Trust (MLT) recently announced that it has completed the divestment of its 20, Old Toh Tuck Road, property at a sale consideration of S$14.25 million - an attractive price, in our view.
18 hours ago
Decoding the millennial generation
Jacquelyn Cheok - In fact, you would get someone like Jay Ng. Mr Ng, 27, is one of the 5,000 employees that make up Garena's youthful and loose-limbed workforce, 550 of whom are based in Singapore.
18 hours ago
Fund expects long-term gains from Toshiba stake
SINGAPORE-BASED fund Effissimo, which has given embattled Toshiba Corp a rare vote of confidence with its purchase of an 8 per cent stake this month, on Friday said the holding was for pure investment purposes and it expected long-term price gains.
18 hours ago
Emerson sets up additive manufacturing centre
Syarafana Shafeeq - EMERSON has opened an advanced additive manufacturing centre in Singapore, three years after launching its first in Marshalltown in Iowa, US.
18 hours ago
China Huishan Dairy shares plummet 85%, trade halted
SHARES in China Huishan Dairy Holdings plunged 85 per cent on Friday, wiping off around US$4 billion of its market value before trading was halted in its second suspension in three months.
18 hours ago
Huda Kattan may well be the most influential beauty blogger in the world
Bee Shapiro - EVERY month there seems to be a newly minted beauty star - someone whose social media feed highlights trends, how-tos, product reviews and more to her plentiful followers.
18 hours ago
New top execs at StarHub, Cambridge Industrial Trust manager
NEW appointments have been made at telco StarHub and the manager of Cambridge Industrial Trust (CIT).
18 hours ago
Nam Cheong 'confident' of remaining a going concern
Kenneth Lim - NAM Cheong is "confident" that it can restructure its existing obligations to remain a going concern, the builder of offshore support vessels said on Friday in response to queries from the Singapore Exchange.
18 hours ago
Grab raising over US$1.5b in new funding round
GRAB, Uber Technologies Inc's largest rival in South-east Asia, plans to raise more than US$1.5 billion in a new funding round backed by SoftBank Group Corp, people familiar with the matter said.
18 hours ago
ST Engineering to enter new phase of growth: CEO
Claudia Chong - SINGAPORE Technologies (ST) Engineering is set to enter a new phase of business to address its flat growth, chief executive Vincent Chong revealed in an interview published in the firm's 2016 annual report.
18 hours ago
Corporate digest
YANGZIJIANG Shipbuilding (YZJ) has picked up a significant stake in an investment fund in China. It said after Friday trading close that its subsidiary, Jiangsu New Yangzi Shipbuilding Co Ltd, had subscribed to 30 per cent equity in the share capital of Jiangsu Nantong Yantai Emerging Investment Fund (Nantong Yantai).
18 hours ago
Two non-exec directors at S i2i quit, CEO appointed exec director
Jamie Lee - S i2i Ltd, which is facing heat from shareholders to present a plan to get the firm out of the regulator's watch-list, said two of its non-independent, non-executive directors have resigned.
18 hours ago
SingPost launches trial of mail delivery e-vehicle
SINGAPORE Post Ltd (SingPost) and TUMCREATE will commence a road trial of a prototype electric vehicle on March 28, 2017.
18 hours ago
February factory output growth beats 10% analyst forecast
Soon Weilun - ECONOMISTS in Singapore are keeping a close watch on a scheduled monetary policy statement due early April, following Friday's release of factory output data that showed a broader uplift for the manufacturing sector.
18 hours ago
Singaporeans must unite and stay resilient if terror attack strikes: PM
Lee U-Wen - SINGAPOREANS must have the "fortitude, resilience and unity" to denounce any acts of terrorism in the country, and they must be aware that there is no such thing as fool-proof protection against an attack.
18 hours ago
Vessel captain charged in HK court over Terrex shipment
Hoe Pei Shan - THE captain of the container ship with nine Singapore Armed Forces (SAF) Terrex infantry carrier vehicles on board that were detained in Hong Kong in November was on Friday charged in court for failing to have the required licence.
18 hours ago
New JW Marriott hotel rides on technology for productivity
Judith Tan - JW Marriott Hotel Singapore South Beach is new on the scene, but is already doing its part to accelerate the transformation of the hotel sector - by getting on board the government's Hotel Industry Transformation Map (ITM).
18 hours ago
More opportunities for S'pore to work with Vietnam: PM
Lee U-Wen - AS Vietnam continues to develop and grow its economy, there will be more opportunities for Singapore to work with the country to develop more integrated industrial parks in the future.
18 hours ago
Govt pledges to work with businesses to prep for future economy
Chai Hung Yin - DEPUTY Prime Minister Teo Chee Hean on Friday outlined ways the government will work together with the business community to prepare for the future economy.
18 hours ago
Opposition parties urge Abe's wife to testify in Parliament over school issue
Anthony Rowley - JAPAN'S "Abegate" affair, linking Prime Minister Shinzo Abe and his wife Akie with murky events surrounding an Osaka school, showed little sign of abating on Friday as political opposition parties demanded that Mrs Abe testify before Parliament on her alleged role in the affair.
18 hours ago
They used to smash banks for Pol Pot. Now they're founding them
Julia Wallace - FOR years, Tep Khunnal was the devoted personal secretary of Pol Pot, staying loyal to the charismatic ultracommunist leader even as the Khmer Rouge movement collapsed around them in the late 1990s.
18 hours ago
National bike-sharing scheme pulled due to private sector rollouts
Nisha Ramchandani - THE Land Transport Authority (LTA) has hit the brakes on a planned national bicycle-sharing system, given that several privately-funded bicycle-sharing services have already been rolled out this year.
19 hours ago
Uber tells U.S. court customers must arbitrate disputes
Today - A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc [UBER.UL] customers gave up their right to sue the company when they registered for its popular taxi hailing service. The case could have wider...
19 hours ago
Judge finds UPS liable to New York over cigarette shipments
Today - NEW YORK - A federal judge on Friday said United Parcel Service Inc is liable for having illegally shipped hundreds of thousands of cartons of untaxed cigarettes in New York, depriving the state and New York City of millions of dollars of taxes. ...
19 hours ago
Wall Street dips in dramatic session as health bill pulled
A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the U.S. healthcare system.
19 hours ago
US business spending picking up, but may slow in second quarter
New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.
19 hours ago
Wall Street ends little changed after healthcare bill yanked
A dramatic session on Wall Street ended little changed on Friday as stocks pared losses after Republicans pulled their bill to overhaul the U.S. healthcare system.
20 hours ago
US-based Emerson launches 3D-printing centre in S’pore
Today - SINGAPORE - Singapore's high-end manufacturing sector will receive a boost with the opening of state-of-the-art facilities at US-based Emerson's new global additive manufacturing (AM) centre in Pandan Crescent. The new centre uses advanced industrial...
20 hours ago
US stocks at session lows as healthcare vote nears
Major U.S. stock indexes turned negative and sank to session lows on Friday as a highly anticipated vote in Congress on a healthcare bill neared.