6 hours ago
Large-car COE premium down almost 5% at S$123,900; most categories dip
Derryn Wong - Mainstream-car category declines 3.3%, and motorcycles by 5%
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates
7 hours ago
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
Deon Loke - Alternatively, the claimants are seeking a refund of all storage fees paid to date, or an order for the assessment of damages
8 hours ago
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter
8 hours ago
Binance appoints Yi He as co-CEO
Dec 3 : Cryptocurrency exchange Binance has appointed co-founder Yi He as its co-chief executive, the company said on Wednesday alongside Richard Teng.Yi's new role alongside Teng is intended to expand Binance's global presence while building infrastructure for Web3, which refers to a vers ...
8 hours ago
Foxconn subsidiary plans to expand production in Vietnam, document shows
HANOI, Dec 3 : Fushan Technology, a subsidiary of Taiwanese electronics manufacturer Foxconn, is seeking a permit to expand production in Vietnam to make Xbox gaming devices and other electronic parts, according to a company document sent to Bac Ninh province's environmental department.The comp ...
8 hours ago
India's January-October iron ore imports at six-year high, JSW Steel top buyer
NEW DELHI, Dec 3 : India's iron ore imports hit a six-year high this year as steel mills stepped up overseas purchases to overcome shortages of high-grade ore and take advantage of lower global prices for the steelmaking raw material, analysts and trade officials said.Iron ore imports more than ...
8 hours ago
DBS is said to hire Sarah Tsao from UBS in senior government role
Joyce Koh and Elffie Chew / Bloomberg - DBS Group Holdings Ltd. has hired Sarah Tsao from UBS Group AG in a senior role, according to people with knowledge of the matter. Tsao will join DBS to cover government-linked corporations in Singapore, encompassing state investors Temasek Holdings Pte, GIC Pte and their subsidiaries, the people sa ...
8 hours ago
HSBC unexpectedly taps Nelson as chair after Tucker’s reign
Harry Wilson and Ambereen Choudhury / Bloomberg - HSBC Holdings Plc unexpectedly appointed Brendan Nelson as its next chair, replacing hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade. The decision “follows a robust process that considered both internal and external candidates,” the London-he ...
8 hours ago
SCCCI proposes five Budget 2026 measures, including help for SMEs with costs and competitiveness
Low Youjin - Rising expenses, manpower shortages and transformation needs top the list of business challenges
9 hours ago
Major Chinese banks cut high-yield deposit products to ease margin pressure
The shorter-term deposit products carry interest rates around 1.2% to 1.8%
9 hours ago
Indian data center operator Sify Infinit Spaces bets on AI boom but wary of bubble
BENGALURU, Dec 3 : Sify Infinit Spaces, set to become India's first listed data center operator, sees AI driving demand for computing power but is tempering future investments to avoid over-exposure to a potential bubble, its chief executive said.The surge in artificial intelligence technologie ...
9 hours ago
India cyber safety app mandate "breach of privacy", main opposition party tells parliament
Dec 3 : India's main opposition Congress party asked the upper house of parliament on Wednesday for permission to discuss issues related to the contentious cyber safety app, saying the order is a "clear breach of privacy of every smartphone/cell phone user".
9 hours ago
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early stage operations
Benjamin Cher - Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si
9 hours ago
GXS cuts about 10% of workforce in rightsizing exercise
Benjamin Cher - [SINGAPORE] Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group.
10 hours ago
ASX outage deepens investors' doubts over tech overhaul
SYDNEY, Dec 3 : The Australian Securities Exchange's technology turnaround plan, touted by the firm's chair as being too important to fail, is facing questions from investors and market participants after it was hit by a fresh outage this week, the latest in a string of failures.About 80 c ...
10 hours ago
Chinese smart glasses firms eye overseas conquest
The country is a potentially massive and lucrative market for wearable tech
10 hours ago
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains US’ largest streaming platform by viewership
10 hours ago
Thai inflation negative again in November, industry sees floods trimming growth
BANGKOK, Dec 3 : Thailand's annual headline inflation rate was negative for an eighth month in November, driven by falling energy prices and government support measures, but the commerce ministry said on Wednesday it expected consumer prices to rise slightly next year.The headline consumer pric ...
10 hours ago
Thai inflation posts eighth straight negative reading in November
BANGKOK, Dec 3 : Thailand's annual headline inflation rate was negative for an eighth month in November, data showed on Wednesday, and the Commerce Ministry said it was due to falling energy prices and government measures to alleviate the cost of living.The headline consumer price index fell 0. ...
11 hours ago
Manulife Investment Management launches Singapore all-cap fund strategy under MAS’ EQDP
Chloe Lim - About 40% of its portfolio will be allocated to Singapore small and mid-cap companies
11 hours ago
Manulife Investment Management allocates 40% to Singapore small, mid-caps under EQDP
Chloe Lim - It will launch a Singapore All-Cap Equity strategy that is research-driven and ‘benchmark-unconstrained’
11 hours ago
Manulife Investment Management allocates 40% to S’pore small, mid caps in fund strategy under EQDP
Chloe Lim - [SINGAPORE] Manulife Investment Management said it will launch a fund strategy with an emphasis on Singapore small and mid caps, shortly after...
11 hours ago
Most Asian markets rise as traders await key US data
Money markets have put the chances of a Dec 10 cut at around 90%, with another three forecast by the end of...
11 hours ago
Stories on Momenta filing for Hong Kong IPO withdrawn
Dec 3 : Two stories both headlined "Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say", carried on Dec 2 and updated on Dec 3 are wrong and have been withdrawn. There will be no replacement story at this time.STORY_NUMBER: L1N3X900YSTORY_DATE: 03/12/2025STORY_TIM ...
11 hours ago
'Rerating catalysts in sight' for Nam Cheong: DBS
Lin Daoyi - DBS Group Research has reiterated its “buy” call and target price of $1.25 for Mainboard-listed Nam Cheong, alluding to a possible re-rating on the horizon. This comes on the back of the potential finalisation of a commercial agreement between Sarawak’s state-owned Petroleum Sarawak Berhad (Pe ...
11 hours ago
Malaysia palm oil reserves seen at six-year high as exports slump
The Malaysian Palm Oil Board will publish its monthly data on Dec 10
12 hours ago
Apple Tap to Pay launches in Singapore, allows merchants to use iPhones as contactless payment terminals
Payment platforms Adyen, Revolut, Stripe among first to offer Tap to Pay. Grab will join in 2026.
12 hours ago
Apple Tap to Pay now available in Singapore, allowing merchants to use iPhones as contactless payment terminals
The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa
13 hours ago
Gold flat as investors await US data for rate-cut signals
US rate futures are pricing in an 89% chance of a rate cut in December, according to the CME’s FedWatch tool
13 hours ago
Infinity Development closes flat at S$0.39 on Catalist debut
Chloe Lim - The company aims to become a leading footwear adhesive supplier in Asia
13 hours ago
Infinity Development sees muted Catalist debut; up 1.3% from all-placement offer price
Chloe Lim - The company aims to become a leading footwear adhesive supplier in Asia
13 hours ago
Infinity Development sees muted Catalist debut; up 1.28% from all-placement offer price
Chloe Lim - [SINGAPORE] Shares of adhesive manufacturer Infinity Development were up 1.28 per cent on Wednesday (Dec 3) – as the company debuted...
13 hours ago
Adani Group plans US$15 billion India airports expansion by 2030
The country is also building a second airport in Delhi to meet demand