19 hours ago
SoftBank’s PayPay keeps dual listing on table after solid US IPO
The payments app has so far remained largely corralled within Japan’s cash-reliant ecosystem
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
Lucence, DxD Hub and NCCS launch $6 mil cancer diagnostics research collaboration
Nurdianah Md Nur - A $6 million research collaboration to develop a next-generation clinical-grade cancer profiling test has been launched by Singapore-based precision oncology company Lucence, together with the Diagnostics Development Hub (DxD Hub), hosted by the Agency for Science, Technology and Research, and the N ...
20 hours ago
Air freight rates soar as Middle East conflict blocks trade routes
Jet fuel price has doubled since the start of the war
20 hours ago
Surviving the shock: 15 stocks on the SGX that shrugged off the sell-off
Shikhar Gupta - Some stand to benefit from the conflict, while others have fundamentals too strong to suppress
20 hours ago
Surviving the shock: 15 SGX stocks that gained over 5% as the market slumped
Shikhar Gupta - Some stand to benefit from the conflict, while others have fundamentals too strong to suppress
20 hours ago
Recent volatility in oil prices should not faze ComfortDelGro
Felicia Tan - In an almost knee-jerk reaction to the latest war in the Middle East, share prices of transport operators ranging from Singapore Airlines to ComfortDelGro (CDG) dropped. Yet, this latest bout of volatility in oil prices is unlikely to rattle CDG, which has weathered several similar cycles over the d ...
20 hours ago
Analysis:Why Japan's bar for yen intervention is now higher
TOKYO, March 13 : Japan likely has less scope to intervene in the currency market than it did in the past, even as the Middle East conflict pushes the yen back towards the key 160-per-dollar line once considered the trigger threshold for authorities to act.The recent reluctance by officials to talk ...
20 hours ago
Does the new attitude at Jardines go well with STI’s own level-up?
The Edge Singapore - For years, aided by a complicated cross-holding structure, the Keswick family has kept a snug control over the multiple listed entities forming the sprawling Jardine conglomerate. Perhaps this is a necessary mindset and a helpful move, given how, for the past two centuries, Jardine has had to surviv ...
20 hours ago
Data centre giant AirTrunk bets big on Singapore, mulls Reit IPO among other capital-raising options
Sharanya Pillai - The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030
20 hours ago
Data centre giant AirTrunk bets big on Singapore, mulling Reit IPO
Sharanya Pillai - The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030
20 hours ago
China’s ByteDance gets access to top Nvidia AI chips, WSJ reports
The hardware involved could cost more than US$2.5 billion
21 hours ago
War in Iran ‘not a bad thing’ for Yangzijiang Maritime
Frankie Ho - Few industries react as quickly to geopolitical shocks as shipping. The current war in Iran is once again putting global tanker markets on edge. Several commercial vessels have reportedly been struck in recent weeks as tensions intensify around the Strait of Hormuz, the narrow waterway through which ...
21 hours ago
The STI quietly hit 5,000 in February. This deserves a louder cheer
Kwan Wei Kevin Tan and Felicia Tan - It's hard trying to justify getting into Singapore equities when you can get exposure to any market in the world these days. Want to get in on the action of the Magnificent 7 and their AI ambitions? Buy Nvidia or Alphabet stocks directly. More risk-averse? Invest in exchange-traded funds (ETFs) ...
21 hours ago
Asia set to pledge US$30 billion in energy, mineral deals with US
Overall, some 18 nations are set to participate, including Australia, Bangladesh and South Korea
21 hours ago
UI Boustead REIT seeks multiple growth levers after listing
Teo Zheng Long - Singapore’s industrial REIT space is poised to be more crowded with the listing of UI Boustead REIT (SGX: UIBU ) . With 23 properties under its belt, 21 of which are leasehold in Singapore and two freehold in Japan, its entire portfolio is valued at $1.9 billion. Of the approximately 677.17 millio ...
21 hours ago
Japan’s stock market a safe haven in turbulent times
Andrew Sheng - After three lost decades, the Japanese stock market has recovered with a roar in the last three years. After the spectacular bursting of the Japanese asset price bubble in 1990, the first decade saw the Nikkei 225 index drop from a 1989 peak of 39,000 to 7,600 in the following decade, with a brief r ...
21 hours ago
Will the Strait of Malacca keep the Strait of Hormuz flowing?
Nirgunan Tiruchelvam - The Yom Kippur War of 1973 was a sudden conflict that caused a worldwide oil shortage. Oil prices tripled to US$200 in today’s money. This happened before I started covering markets. The event is etched in my family’s memory. My late parents were then living outside Boston. Angry motorists were ...
21 hours ago
Apple cuts China App Store fees to fend off local regulators
The move is effective on Mar 15 and applies to apps for both iOS and iPadOS, the company says
21 hours ago
Apple lowers App Store cut in China to fend off local regulators
The move is effective on Mar 15 and applies to apps for both iOS and iPadOS, the company says
21 hours ago
Kevin Warsh is in for a rude awakening
Nouriel Roubini - Now that Kevin Warsh has been nominated as the next chair of the US Federal Reserve Board (Fed), it is worth asking how different a Warsh Fed would be from the current one. President Donald Trump had made it clear that he wants a Fed chair who will push for lower policy rates to juice the economy an ...
21 hours ago
Narrowing Hongkong Land’s P/NAV as fund management vehicle takes hold
Goola Warden - Since Michael Smith became group CEO of Hongkong Land (HKL) in April 2024, its share price has nearly tripled from US$2.99 to US$8.38 ($10.73) as of March 6. In October 2024, Smith unveiled a new strategy for the Singapore-listed, Hong Kong-based developer. Hongkong Land planned to double underlying ...
21 hours ago
Fuel price hikes unlikely to spark immediate inflation in Malaysia: economists
Tan Ai Leng - Rising fuel prices are manageable now, but a prolonged oil shock could test the country’s fiscal buffer
21 hours ago
One-fifth of Australian teens still use TikTok, SnapChat after social media ban
Platforms must block people aged under 16 or face a fine of up to A$49.5 million (S$45 million)
22 hours ago
Iran’s energy warfare strategy
Avri Schechter - As the US-Israeli war with Iran escalates, the infrastructure and transit routes that sustain global energy flows are increasingly drawing fire, rattling financial markets. But the biggest risk is not necessarily a sustained loss of the physical supply of oil. It is that the tightly integrated energ ...
22 hours ago
Epic Fury vs True Promise
Chew Sutat - The scenario of the 1997 film Wag The Dog, suggested by this column in Issue 1229, has arrived. With “fake” popularity polls slipping, and the MAGA base not letting the Epstein files go away quietly, rising job losses and the unfavourable ruling on tariffs by the Supreme Court, President Donald ...
22 hours ago
China’s BYD open to building cars in Canada, buying out rivals
The automaker has grown to prominence by producing both all-electric and hybrid gas-electric vehicles
22 hours ago
South Korea police raid transport ministry in widening Jeju Air crash probe
The crash killed 179 people
22 hours ago
Singapore space push opens doors for Addvalue’s satellite business
Therese Soh - It aims to realise the business’ full potential via strategic options, particularly US opportunities
22 hours ago
Addvalue to leverage Singapore’s space push to lift its satellite business further
Therese Soh - It aims to realise the business’ full potential via strategic options, particularly US opportunities
22 hours ago
Addvalue to leverage Singapore’s space push to lift its satellite business
Therese Soh - It aims to realise the business’ full potential via strategic options, particularly US opportunities
22 hours ago
Anthropic, Pentagon, Iran and the future of wars
Assif Shameen - Two weeks ago, Israel and the US began a massive coordinated attack on Iran that left its Supreme Leader Ayatollah Ali Hosseini Khamenei and defence top brass dead. The attacks triggered an ongoing war in which Iran has retaliated by launching waves of missile and drone strikes across the Middle Eas ...
22 hours ago
War in the Middle East: The worst is not over for Asia
Manu Bhaskaran - US President Donald Trump may claim that the war will end “very soon”, but the situation in the Middle East is escalating rapidly. Iran’s retaliation is pulling more countries into the conflict, while Israel has broadened its offensive to include Lebanon and intensified its attacks on Iran. Wi ...
22 hours ago
Screening for undervalued O&G companies
Thiveyen Kathirrasan - Given the surge and significant volatility in crude oil prices over the past few weeks, investors should be cautious when investing in commodities. One way to reduce risk is to invest in stocks or companies whose primary business involves commodities, as discussed in the previous issue. This article ...
22 hours ago
Savills to acquire Eastdil Secured from Temasek-led consortium for some US$1.11 bil
Jovi Ho - London-listed international real estate services provider Savills is acquiring Manhattan-based real estate investment bank Eastdil Secured in a deal that values the latter at some US$1.11 billion ($1.41 billion). The combined group will be the number two advisory firm globally for prime commercial r ...