JP Morgan downgrades CDL and UOL to ‘neutral’ on tougher macro backdrop
Felicia Tan - JP Morgan analysts Mervin Song and Terence Khi have downgraded their calls on City Developments Limited (CDL) and UOL Group to “neutral” from “overweight”, citing a more challenging macroeconomic backdrop, particularly amid the conflict in the Middle East. In a March 16 report, Song and Khi ...
China's economy enters 2026 on firmer footing as risks build
China's factory output growth quickened in January-February while retail sales rebounded, in a steady start to the year for an economy confronting multiple challenges, including the fallout from the United
A fresh start for Jurong Lake District with Town Hall Link site released
Chong Xin Wei - Government to invest in key infrastructure to reduce uncertainties for developers; project will add at least 40,000 sq m of new...
Singapore business confidence slides for second straight quarter: SCCB
Shikhar Gupta - The Business Optimism Index has fallen to 4.1 percentage points for Q2
Fire near Dubai airport under control after drone attack, flights suspended
Gulf Arab states have faced more than 2,000 missile and drone attacks since Feb 28
Flights at Dubai airport suspended after drone attack
Gulf Arab states have faced more than 2,000 missile and drone attacks since the outbreak of the US-Israeli war on Iran on...
Fire contained in vicinity of Dubai airport after drone attack, flights suspended
Gulf Arab states have faced more than 2,000 missile and drone attacks since the outbreak of the US-Israeli war on Iran on...
Micron plans second chip facility at newly acquired Taiwan site
TAIPEI, March 16 : U.S. memory chipmaker Micron Technology said on Monday it plans to build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor Manufacturing Corp.The new facility will help it expand supply of leading-edge DRAM products inc ...
Gold wavers near US$5,000 as Middle East war keeps oil prices elevated
Uncertainty over how long the war will last makes it difficult to assess the impacts on markets and the wider economy
SERT acquires cold storage facility in the Netherlands for €35 million, giving net yield of 6%
The Edge Singapore - Stoneweg Europe Stapled Trust has acquired a cold storage facility in the Netherlands for €35 million, or around $51.7 million. Based on the acquisition price, Transportweg 23-25, as this asset is called, provides a net yield of 6%. This marks SERT's first acquisition since 2022. The asset, w ...
JD.com’s European push pits Chinese retailer against Amazon
The push into foreign markets comes at a time when Chinese companies are competing for share at home
Australia’s Perpetual exits wealth in A$500 million Bain sale
The sale is another foray by an international firm tapping the country’s booming pensions and wealth market
Stock markets wary, oil steady on Hormuz tensions; traders eye central banks
LONDON/SYDNEY, March 16 : Investors were in a cautious mood on Monday as hostilities in the Gulf kept oil prices elevated, clouding an inflation outlook that should keep most central banks on pause at policy meetings this week.Israel said on Monday it has detailed plans for at least three more weeks ...
Asia shares cautious, oil gains on Hormuz doubts
SYDNEY, March 16 : Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, clouding an inflation outlook that should keep most central banks on pause at policy meetings this week, and probably leading one to hike.In a possible hint of hope, the Wall Street Jo ...
Asia shares wary, oil choppy on Hormuz doubts
SYDNEY, March 16 : Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.In a possible hint of hope, the Wall Street Journ ...
Asia shares wary, oil volatile as war drags on
SYDNEY, March 16 : Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.In a possible hint of hope, the Wall Street Journ ...
Japan finance minister flags readiness to take decisive steps on forex
TOKYO, March 16 : Japan Finance Minister Satsuki Katayama said on Monday that the government is prepared to take decisive steps against volatility in foreign exchange and other financial markets, as the yen sank close to the psychologically important 160-per-dollar line."There was shared concer ...
OUE Healthcare subsidiary opens ‘Singapore’s first private sleep laboratory’
Jovi Ho - Lung specialist group O2 Healthcare, a subsidiary of Catalist-listed OUE Healthcare, has launched O2 SleepWell Laboratory, dubbed “Singapore’s first private sleep laboratory”. Launched on March 13, the O2 SleepWell Laboratory is operated by O2 SleepWell, a subsidiary of O2 Lung Centre, itself ...
Oil extends gains as Middle East conflict threatens export facilities
Brent crude and US West Texas Intermediate crude have surged more than 40 per cent this month to their highest levels since...
Stocks to watch: Stoneweg Trust, Acrophyte Hospitality Trust, OUE Healthcare
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Mar 16):
World’s top central banks are about to confront fresh inflation threat as war jolts oil
Much hinges on how long the conflict lasts, something markets are struggling to gauge
Sert buys logistics property in the Netherlands for 35 million euros
Shikhar Gupta - It is the stapled group’s first property acquisition since 2022
JD.com launches Joybuy in Europe, targeting Amazon
LONDON, March 16 : Chinese e‑commerce giant JD.com on Monday launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, stepping up its push beyond its home market and taking aim at market leader Amazon.JD.com wants to internationalise its business ...
As Gulf conflict rattles investors, STI listcos spend S$180 million on share buybacks
Therese Soh - Shareholders welcome share buybacks as a way for corporates to return cash to them, but they can be a double-edged sword
As Gulf conflict rattles investors, STI listcos spend S$150 million on share buybacks
Therese Soh - Shareholders welcome share buybacks as a way for corporates to return cash to them, but they can be a double-edged sword
As skittish investors head for the door amid Gulf war, STI listcos fork out S$150 million to pick up own shares
Therese Soh - Shareholders welcome share buybacks as a way for corporates to return cash to them, but they can be a double-edged sword
NTUC, employers split on retrenchment notice lead time; workers say timely support matters more
The ministry is conducting a comprehensive review of the Employment Act and will provide updates in due course
Middle East oil shocks send S-E Asia scrambling for alternatives, but cleaner mix is no easy choice
Evan See - The crisis may be a catalyst – or obstacle – for the region’s renewable energy transition goals
Oil shocks send S-E Asia scrambling for alternatives, but cleaner mix is no easy choice
Evan See - The crisis may be a catalyst – or obstacle – for the region’s renewable energy transition goals
EQDP’s expansion to pre-IPO private firms could boost listing pipeline: observers
Ranamita Chakraborty - This will give such companies access to growth capital, and prepare them better for public markets
Asia investors shift from money market funds to active funds, alternatives: Wellington Management head of Apac
Natalie Koh - Fixed income and 140/40 extension strategies have also drawn interest in the past 12 months, says Janet Perumal
USD/JPY eyes historic 162 price level as dollar bulls charge against yen
With three decisive breakouts in the past two weeks, the narrative around USD/JPY has shifted back in strong favour of the bulls....
From plastics to property, Malaysia’s Mah Sing builds its business empire on ‘trust capital’
Tan Ai Leng - As Mah Sing grows beyond its founder-led roots, Lionel Leong and his sisters are focused on raising standards
Asia-Pacific allies ink US$57 billion in deals with US companies: US interior secretary
Japan is helping lead the coalition of nations to increase the oil supply in the market
