Business Headlines & Singapore Stock Market News

11 hours ago

PetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say

The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island

11 hours ago

India's Maruti Suzuki warns of price hikes as Gulf war raises costs

NEW DELHI/BENGALURU, April 1 : India's top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices as the Middle East war has pushed up commodity prices, wiping out gains from last year's consumption tax cuts.The Iran war has driven up the prices of everything from oil ...

11 hours ago

Nio deliveries rise 136% in March; Q1 volume nearly doubles

Shikhar Gupta - Cumulative deliveries reach 1,081,057 as at Mar 31

11 hours ago

Unilever and McCormick investors find US$65 billion food deal hard to swallow

Analysts and investors cite concerns over deal structure, integration challenges, and regulatory risks

11 hours ago

Microsoft to invest US$5.5 billion in Singapore to deepen AI push

Young Zhan Heng - Investment runs till 2029 to expand cloud and artificial intelligence infrastructure, as well as develop talent

11 hours ago

Shell in advanced talks with Venezuela for more gas areas

It could make a decision on the flagship project by the end of this year

12 hours ago

Singapore stocks rebound on optimism over Iran war resolution; STI up 1.8%

Ranamita Chakraborty - Across the broader market, gainers outnumber decliners 468 to 176 after 1.7 billion securities change hands

12 hours ago

Tesla Q1 deliveries seen rebounding nearly 10% from year-ago slump

12 hours ago

PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say

SINGAPORE: PetroChina has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, accordi

12 hours ago

High-profile Singaporean auto exec Soh Wei Ming’s EV brand BeyonCa ceases operations

Derryn Wong - China-based luxury EV maker has reportedly ceased operations and left employees unpaid

12 hours ago

Singapore plays neutrality card to vault central bank gold, elevate bullion hub status

Benicia Tan - Emphasising sovereign-grade vaulting, internationally aligned standards can set the Republic apart: analysts

12 hours ago

BYD's vehicle sales slide extends in March

BEIJING, April 1 : BYD was stuck in a sales decline for the seventh straight month, Reuters calculations show, as the Chinese electric vehicle maker struggled with elevated competition in the world's largest auto market. Vehicle sales dropped 20.5 per cent last month from a year earlier to 300, ...

13 hours ago

Pakistan's consumer price inflation hastens to 7.3% on-year in March

ISLAMABAD, April 1 : Pakistan's CPI inflation quickened to 7.3 per cent year-on-year in March, compared to a 7 per cent on-year rise in February, data from the statistics bureau showed on Wednesday.

13 hours ago

South Korea to tighten public-sector driving curbs as energy alert raised

SEOUL, April 1 : South Korea said on Wednesday it would further tighten driving restrictions for public sector workers, as Asia's fourth-largest economy raised its resource security crisis alert in the face of the Middle East crisis. South Korea is raising its energy security alert to a "w ...

13 hours ago

Hong Kong Feb retail sales jump 19.3%, seen support from visitor growth

April 1 - Hong Kong's retail sales by value jumped 19.3 per cent in February from a year earlier, the 10th month of gains, with sales by most broad types of retail outlet registering growth, government data showed on Wednesday.* It was the biggest percentage rise since June 2023, when retail sa ...

13 hours ago

New BOJ board member warns of stagflation risk from Iran war

TOKYO, April 1 : Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro Asada said on Wednesday.With Japan having emerged from deflation and now facing inflation, the BOJ can no longer focus solely on k ...

13 hours ago

India hikes jet fuel, commercial LPG cost

NEW DELHI: India's oil ministry said Wednesday (Apr 1) that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100 per cent jump.Aviation t

14 hours ago

AI and gender inequality: DBS’ Tan Su Shan and former Singapore president Halimah Yacob look at rising risks

Jermaine Fok - Their discussion at DBS International Women’s Day event also covers issues such as female representation in leadership roles

14 hours ago

Some IP insurers hike premiums of base plans for private hospital and A-class wards

Genevieve Cua - This comes after launch of new, cheaper riders which do not cover deductibles, the latest effort to curb ‘buffet syndrome’

15 hours ago

Asia LNG imports drop most since 2022 as Iran war upends supply

[BEIJING] Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle...

16 hours ago

Hyundai Motor reports March South Korea EV sales up 38% from a year ago

SEOUL, April 1 : Hyundai Motor sold 7,809 electric vehicles (EVs) in South Korea in March, up 38 per cent from a year earlier, the South Korean automaker said in a regulatory filing on Wednesday.The jump in EV sales in South Korea contrasted with Hyundai's overall performance. The South Korean ...

16 hours ago

Australia spending holds up as war drives oil spike, CBA says

The figures show Australia’s economy was on a strong footing before the central bank began raising interest rates

16 hours ago

Geo Energy diversifies into high-value coking coal with new Indonesia mine stake

Shikhar Gupta - The deal is for a 50.6% stake in Mutiara Hitam Sukses, which owns mine operator Harfa Taruna Mandiri

16 hours ago

VinFast delaying break-even target to after 2027 due to growth push, sources say

HANOI, April 1 : Vietnamese electric vehicle maker VinFast now expects that it will only break even after 2027 as it pushes ahead with plans to expand rapidly while also dealing with rising costs, two people with direct knowledge of the matter said.The Nasdaq-listed startup has made forays into Indo ...

16 hours ago

National standard for EV charging upgraded to include new tech such as wireless systems

[SINGAPORE] The standard for electric vehicle (EV) charging will be upgraded from Wednesday (April 1) to pave the way for the safe operation...

16 hours ago

Singapore rolls out driverless vehicles, one route at a time

Hyrie Rahmat - Autonomous shuttles have hit the streets at a measured pace, as the Republic navigates how they fit into its wider transport system.

16 hours ago

Interactive: Singapore rolls out driverless vehicles, one route at a time

Hyrie Rahmat - Autonomous shuttles have hit the streets at a measured pace, as the Republic navigates how they fit into its wider transport system

17 hours ago

OCBC joins DBS in S$100 billion market capitalisation club as shares hit record high

Shikhar Gupta - The two banks are the only Singapore companies beyond that milestone

17 hours ago

OCBC breaches S$100 billion market cap as shares hit record high

Shikhar Gupta - DBS is the only other Singapore stock in the exclusive club

17 hours ago

OCBC breaches S$100 billion market cap as shares hit record high; DBS is only other Singapore stock in elite club

Shikhar Gupta - [SINGAPORE] A record share price for OCBC has propelled the bank’s market capitalisation past the S$100 billion mark, making it one of...