2 days ago
Upcoming Hotel Indigo Changi Airport to offer indoor ‘rainforest’ and control tower views
Therese Soh - Work on Singapore’s first zero-energy hotel is scheduled to be done and fully operational in 2028
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Thai economy improved in April on increased manufacturing, central bank says
BANGKOK :The Thai economy improved in April from March, driven by the manufacturing sector after a sharp increase in exports drove inventory replenishment and also helped by a slight rise in tourism, the central bank said in a report on Friday.It was too early to see adverse impacts from the U.S. ta ...
2 days ago
Thai economy improved in April, outlook still intact, central bank says
BANGKOK: The Thai economy improved in April from March and the outlook remains in line with its downwardly revised forecast for this year with the impact of US tariffs to be seen in the second half, the central bank said on Friday (May 30). The manufacturing sector improved after a sharp increase in ...
2 days ago
Energy Market Authority chairman Richard Lim to step down; ex-perm sec Tan Ching Yee to assume role
Isabelle Chong - Tan will be appointed as EMA’s deputy chairperson from Jun 1 to Sep 30, before assuming the role of chairperson on Oct...
2 days ago
Singapore farms innovate and collaborate amid profitability struggles
From making ready-to-eat meals to marketing a wider variety of vegetables to hotel groups, Singapore’s farms are getting creative to survive.
2 days ago
Rolex lovers splash out on used watches before Trump tariffs
Tim Loh / Bloomberg - Watch enthusiasts snapped up used Rolex and Patek Philippe timepieces at the end of April, splashing out before possible tariffs from US President Donald Trump. The watch dealer and trading platform Subdial often sees a flurry of activity after people get their paychecks at the end of each month. In ...
2 days ago
Japan's Nomura committed to growth of US business, CEO says
TOKYO :Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday.The announcement of sweeping tariffs in April triggered market turbulence and led some investors ...
2 days ago
Japan's Dai-Ichi Life to take 15% stake in UK's M&G as part of strategic deal
M&G said on Friday it has formed a strategic partnership with Dai-Ichi Life Holdings in which the Japanese life insurer plans to take a 15 per cent stake in the British insurer and asset manager. The partnership is expected to deliver at least $6 billion of new business flows for M&G and $2 ...
2 days ago
Japan's Dai-Ichi Life to take 15% stake in British insurer M&G
M&G has formed a partnership with Dai-ichi Life Holdings in which the Japanese life insurer plans to buy a 15 per cent stake, sending shares in the British insurer and asset manager up sharply. The partnership, which makes Dai-ichi M&A's biggest single shareholder, is expected to delive ...
2 days ago
Gold falls as traders await US data for clues on tariff impact
Sybilla Gross / Bloomberg - Gold was on track for a weekly loss as traders await key US economic data for clues on how President Donald Trump’s global trade war has impacted the economy. Bullion traded below US$3,300 ($4,259.21) an ounce, extending this week’s decline to almost 2%. The US personal consumption expenditures ...
2 days ago
From forgotten to fabulous: Breathing new life into Singapore’s state properties
Ry-Anne Lim - The Singapore Land Authority is embracing adaptive reuse to revitalise neglected state-owned sites, while tapping their commercial potential
2 days ago
‘Shares overpriced’: Morningstar initiates coverage on Pop Mart with fair value 25% below current price
Jovi Ho - Shares of Hong Kong-listed toy and merchandise manufacturer Pop Mart International have ballooned by nearly 500% in value over the past year. Now, Morningstar Equity Research analyst Jeff Zhang is warning that the Labubu creator’s stock is “overpriced”, even with 107% y-o-y revenue growth in 2 ...
2 days ago
China, Japan close to resuming seafood imports after Fukushima ban
[BEIJING] China and Japan said on Friday they were moving closer to ending a years-long dispute over Tokyo’s handling of nuclear wastewater...
2 days ago
China set to resume Japanese seafood imports halted due to Fukushima worries
TOKYO: China has agreed on procedures to resume imports of Japanese seafood products, Japan's government said on Friday (May 30), marking a step towards ending a nearly two-year trade ban. Officials from Japan's Ministry of Agriculture, Forestry and Fisheries and China's Customs reach ...
2 days ago
Obscure tax item in Trump’s big bill alarms Wall Street
Buried deep in the more than 1,000-page tax-and-spending bill that US President Donald Trump is muscling through Congress is an obscure tax measure that’s setting off alarms on Wall Street and beyond. The item — introduced in legislation that passed the House last week as Section 899 and titled ...
2 days ago
Dell annual profit outlook tops estimates on AI server boost
Dina Bass / Bloomberg - Dell Technologies gave a profit outlook for the year that exceeded estimates and said it had seen a significant increase in orders for servers to run AI networks. Earnings, excluding some items, will be about US$9.40 a share in the fiscal year ending in January 2026, an increase from a February fore ...
2 days ago
France, Singapore to cooperate in areas such as maritime, nuclear energy under new Comprehensive Strategic Partnership
Elysia Tan - PM Wong welcomes France’s interest in stepping up engagement in the region
2 days ago
AI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
Isabelle Chong - Analysts are bullish on Asian grid operators and natural gas-fired plants
2 days ago
Costco defies tariff volatility with higher profit, lower prices
Jaewon Kang / Bloomberg - Costco Wholesale posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence. The retailer said it generated earnings per share of US$4.28 for the quarter ended May 11, ...
2 days ago
UK business confidence hits nine-month high in boost for Starmer
Irina Anghel / Bloomberg - A gauge of UK business confidence rose to a nine-month high, climbing back to a level not seen since soon after Prime Minister Keir Starmer first took power, as markets rebounded and trade tensions eased with the US. The Lloyds Business Barometer sentiment gauge rose to 50 in May, the highest since ...
2 days ago
Penang to start using durian tracking system to curb fraud
Anisah Shukry / Bloomberg - Malaysia’s state of Penang has urged its durian growers to register for a tracking system to curb the spread of counterfeit versions of the prickly, pungent fruit from June 1, according to Bernama. The state plans to make the “Track and Trace” system mandatory for its 200 durian farmers as it ...
2 days ago
Thai factory output rises 2.17% y/y in April
BANGKOK :Thailand's manufacturing production index rose 2.17 per cent in April from a year earlier, the industry ministry said on Friday, beating analysts' expectations.The figure compared with a forecast year-on-year fall of 2.95 per cent for April in a Reuters poll, and followed an annua ...
2 days ago
Thai factory output rises in April, but 2025 forecast cut
BANGKOK :Thailand's manufacturing production index unexpectedly rose 2.17 per cent in April from a year earlier on gains in manufacturing, exports of industrial goods and tourism, the industry ministry said on Friday.But output was still down 0.75 per cent over the first four months of 2025 fro ...
2 days ago
At new record highs, Bitcoin is gaining widespread institutional adoption
Darius Sit - The global financial landscape is experiencing ongoing disruptions as trade tensions spike and the future of digital currencies are weighed by governments. Bitcoin has crossed the threshold from speculative asset to institutional staple, forcing a rethink across capital markets and sovereign treasur ...
2 days ago
US regulator drops lawsuit against Binance
[WASHINGTON] The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority...
2 days ago
Livingstone Health back in the black, logs H2 profit of S$0.4 million from streamlining efforts, higher revenue
Low Youjin - H2 revenue is up 17.9% to S$14.2 million, from S$12 million the year before
2 days ago
Measures to address medical inflation could soften revenue, but issues have abated significantly: IHH Healthcare
Megan Cheah - Q2 likely to remain soft, but group anticipates rebound in Q3 and Q4
2 days ago
Chinese banks face liquidity test on deposit exodus, maturities
Bloomberg - Chinese banks are set for a liquidity test in June as they face record debt maturities and a potential exodus from deposits. The lenders are on the hook to repay a record 4.2 trillion yuan ($751 billion) of negotiable certificates of deposit, which are short-term debt instruments, next month. That c ...
2 days ago
Nippon Steel will spend over $6 billion for decarbonisation efforts, NHK reports
TOKYO :Nippon Steel plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.Japan's government plans to subsidise as much as 251 billion yen in support for the steelmaker&# ...
2 days ago
Nippon Steel to spend $6 billion on decarbonisation efforts at three plants
TOKYO :Nippon Steel plans to invest nearly 870 billion yen ($6.05 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, the company said on Friday. Japan's government plans to subsidise as much as 251 billion yen of the steelmaker's decarbonisatio ...
2 days ago
Asia: Markets reverse as appeals court gives Trump tariffs reprieve
[HONG KONG] Asian shares fell on Friday after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty...
2 days ago
US probes effort to impersonate White House Chief of Staff, WSJ reports
U.S. federal authorities are investigating an effort to impersonate White House Chief of Staff Susie Wiles, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The report said Wiles had told associates that some of her cellphone contacts had been hacked, allowing the ...
2 days ago
Asian markets reverse as appeals court gives Trump tariffs reprieve
HONG KONG: Asian shares fell Friday (May 30) after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as ...
2 days ago
Shein working towards Hong Kong listing after London IPO stalls: Sources
Shein plans to go public in the Asian financial hub within the year, said two sources.