2 days ago
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Derryn Wong - Roy Tan owes the bank S$54.8 million and Sanjay Kumar Rai S$59.8 million
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Scientists decipher the geological history of the Grand Canyon
April 17 : The Grand Canyon is a marvel on the landscape of North America, a breathtaking geological feature in the southwestern U.S. state of Arizona presenting dramatic contours and richly colored vistas.Research is now providing insight into how and when the Colorado River, whose continuous might ...
2 days ago
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
Renald Yeo - The lender also flags minimal private credit exposure, and says its balance sheet can absorb Middle East shocks
3 days ago
MTQ to make impairment because of Middle East, expects 2HFY2026 and FY2026 net loss
The Edge Singapore - MTQ Corporation warns that based on a preliminary assessment, it will likely recognise a goodwill impairment due to uncertain market conditions in the Middle East. As a result, the company expects to record a net loss for its 2HFY2026 and FY2026 ended March 31. On March 3, the company announced that ...
3 days ago
CRE, Middle East, gold and directors' fees among questions at UOB’s AGM
Felicia Tan - Questions posed at United Overseas Bank’s (UOB) 84th annual general meeting (AGM) ranged from its loan book and commercial real estate (CRE) to gold, private credit and directors’ fees. In November 2025, UOB announced “pre-emptive” general provisions of $615 million amid macro uncertainties ...
3 days ago
PLP Architecture, the firm redeveloping Clifford Centre, promotes senior leaders
Jovi Ho - London-headquartered PLP Architecture, the firm behind the ongoing redevelopment of Clifford Centre into The Clifford, has promoted five new partners and six new directors. The architecture and urbanism practice has also unveiled a new visual identity and website. Founded in 2009, PLP Architecture i ...
3 days ago
French train maker Alstom hit by delivery delays
The company's financial warnings also rattled investors, with shares dropping nearly 30 per cent on the Paris stock exchange.
3 days ago
French finance minister calls for more euro-pegged stablecoins
PARIS, April 17 : Europe needs more euro-based stablecoins, French Finance Minister Roland Lescure said on Friday, and urged the bloc's banks to explore tokenised deposits to help end U.S. dominance in digital payments. In pre-recorded comments at a crypto conference in Paris, Lescure said the ...
3 days ago
French finance minister calls for euro-based stablecoins
PARIS, April 17 : French Finance Minister Roland Lescure on Friday said Europe needed more euro-based stablecoins and encouraged the bloc's banks to explore tokenised deposits. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stab ...
3 days ago
Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Ranamita Chakraborty - Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots
3 days ago
Batam’s data centre boom is just getting started, with caveats
Global backers, private equity firms, and telecom operators are pouring capital into the area
3 days ago
EU Commission awards 180 million euro cloud contract to four European providers
April 17 : The European Commission on Friday awarded a 180 million euro ($212 million) tender for sovereign cloud services to four European providers for a six-year period, as part of a push to reduce the bloc's dependence on non-European technology.The contract was awarded to Luxembourg's ...
3 days ago
India smartphone shipments fall to 6-year low in Q1 amid price hikes, Counterpoint Research says
April 17 : India's smartphone shipments fell 3 per cent year-on-year in the first quarter of 2026, marking their weakest quarterly performance in six years as cost pressures, price hikes and soft demand weighed on sales, Counterpoint Research said on Friday.• Over 80 smartphone models saw ave ...
3 days ago
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?
With domestic pump prices continuing to rise, calls for state intervention are growing
3 days ago
Japan's core inflation likely ticked up in March fuelled by energy costs: Reuters poll
TOKYO, April 17 : Japan's core consumer inflation probably picked up slightly in March from the previous month due to higher energy costs, a Reuters poll showed on Friday, in a sign of the tangible impact of the Middle East conflict. The nationwide core consumer price index (CPI) - which includ ...
3 days ago
Ericsson first-quarter profit misses estimates on sluggish sales
The company has focused on slashing costs, eliminating about 5,000 jobs worldwide in 2025
3 days ago
In taxing wealth, how far can Singapore push property owners?
Tessa Oh - While inequality data has revived calls for wealth taxes, the government remains focused on immobile assets
3 days ago
Vietjet signs finance lease deal with SPDB for 10 Chinese-made Comac aircraft
The carrier currently operates 135 aircraft
3 days ago
Wall Street turns gloomy on US dollar as haven demand fades
Investors are once again focusing on the headwinds that drove the dollar down 8 per cent in 2025
3 days ago
IMF expects ECB to raise rates by half a percentage point in 2026
The ECB’s main interest rate is currently set at 2 per cent
3 days ago
Ericsson slightly lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The company reported an adjusted operating profit of 5.2 billion Swed ...
3 days ago
Ericsson lags profit expectations as AI demand drives up chip bill
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The network equipment maker is facing rising input costs partially du ...
3 days ago
Ericsson lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The network equipment maker is facing rising input costs partially du ...
3 days ago
Hutchison, Jardine in talks to merge supermarket businesses in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine's DFI Retail unit have be ...
3 days ago
Hutchison, Jardine in talks to merge supermarket business in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine Matheson's retail unit DF ...
3 days ago
Jardines and CK Hutchison pursue Hong Kong supermarket megadeal, FT reports
April 17 : Hong Kong-based Jardines is in talks with CK Hutchison to buy its supermarket division, which trades as ParknShop, and merge it with Wellcome, the Financial Times reported on Friday, citing people familiar with the matter.CK Hutchison's AS Watson group, which owns ParknShop, competes ...
3 days ago
Hormuz blockade stirs tension over Malacca strait near Singapore
The Strait of Malacca is also more than five times longer than the Strait of Hormuz, providing ample scope for disruption
3 days ago
Japan says energy-related supply chain bottlenecks can be cleared within days
TOKYO, April 17 : Japan's industry minister Ryosei Akazawa said on Friday that supply chain bottlenecks arising from disruption to raw materials procurement including naphtha could be resolved within days, as the Iran war strains energy and petrochemical flows from the Middle East.Concern has m ...
3 days ago
Layoffs at PropertyLimBrothers expose key-man risk
Jovi Ho - Embattled property agency PropertyLimBrothers (PLB) has laid off employees from its media arm, less than three months after allegations about an extramarital affair between two senior executives thrust the firm into the spotlight. The “majority” of “local staff” from PLB Media were affected ...
3 days ago
London metals index at record high on aluminium ‘black hole’ fear
The metal has risen about 15% since the start of the Iran war
3 days ago
Malaysia's economy grew 5.3% yr/yr in Q1, official advance estimate shows
KUALA LUMPUR, April 17 : Malaysia's economy grew 5.3 per cent in the first quarter from a year earlier, official advance estimates showed on Friday, moderating from its pace at the end of 2025 as activity slowed in some key sectors.In the final quarter of 2025, gross domestic product had expand ...
3 days ago
Can Koh Brothers do better in unlocking value for shareholders?
Teo Zheng Long - Oiltek International, which was listed with hardly any fanfare in March 2022, has seen an almost meteoric rise in its share price, gaining more than 2,500% since its IPO to close at $2.12 on April 14. Buoyed by a growing chorus of bullish target prices — the latest being CGS International’s $3.3 ...
3 days ago
OpenAI to spend more than US$20 billion on Cerebras chips, receive stake: The Information
OPENAI has agreed to pay chip startup Cerebras more than US$20 billion over the next three years to use servers powered by...
3 days ago
India's Wipro slips as weak forecast deepens growth concerns
April 17 : Shares of Wipro dipped 3 per cent after its weak first-quarter revenue forecast reinforced concerns over slowing growth and persistent margin pressure for India's fourth-largest IT firm.The stock was the top loser on the IT index, which was down 0.4 per cent, and the second-biggest d ...