Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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20 hours ago

Longer tours, larger tour groups to be allowed from Apr 14

SINGAPORE: Local walking, kayaking and cycling tours can take groups of up to 50 people, an increase from the previous limit of 20, starting from Wednesday (Apr 14). Tours will also no longer be limited to eight hours, said the Singapore Tourism Board (STB) on Monday. The move is in line with the . ...

21 hours ago

Jardine Strategic acquisition to proceed

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Now with a tick of approval from shareholders, the transaction will become effective from 14 April. The acquisition of Jardine Strategic by Jardine Matheson is set to go ahead, as the resolution has been approved ...

21 hours ago

Sanofi to invest $638m in new, Singapore vaccine production site

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Construction is expected to begin in Q3 of 2021. Biopharmaceutical company Sanofi is going to invest $638m (€400m) over five years to create a vaccine production centre in Singapore, in partnership with the ...

21 hours ago

Singapore stocks open slightly higher on Tuesday; STI up 0.1%

Ong Sing Yee - SINGAPORE shares opened slightly higher on Tuesday, after Wall Street retreated from record levels ahead of earnings reports and key economic data this week.

21 hours ago

Bitcoin nears record high ahead of largest US crypto exchange listing

Bloomberg - Bitcoin neared an all-time high on Monday as bullish sentiment gathered steam ahead of a listing by the largest US cryptocurrency exchange. The token rose as much as 2.6% to US$61,229 ($82,128), the highest in nearly a month, before falling back to trade little changed. On March 13, Bitcoin rea ...

22 hours ago

All eyes on MAS' outlook as monetary policy expected to remain unchanged on Wednesday

Bloomberg - With Singapore’s central bank widely expected to keep policy settings unchanged Wednesday amid an economic recovery and strong fiscal support, the city-state’s longer-term outlook will be parsed for signs of future tightening. The Monetary Authority of Singapore (MAS), which uses the currency as ...

22 hours ago

Aspen Glove inks two-year US$210m supply agreement with Honeywell

Vivienne Tay - ASPEN Glove, a subsidiary of mainboard-listed Aspen (Group) Holdings, has entered into a two-year master supply agreement with multinational conglomerate Honeywell, valued at US$210 million.

22 hours ago

Singtel launches first portable 5G platform

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The device does not need any prior installation of equipment or infrastructure. Singtel has launched GENIE, the first portable 5G platform in the world, to enable enterprises to experience 5G capabilities and tri ...

22 hours ago

LHN acquires Beach Road properties for $16.8 mil

Atiqah Mokhtar - LHN’s indirect, wholly-owned subsidiaries LHN SB 2 and Coliwoo (BR) have each entered into an option to purchase properties located at 75 Beach Road for an aggregate consideration of $8.4 million respectively, amounting to $16.8 million in total. The properties being purchased encompass eight resi ...

22 hours ago

Stocks to watch: JMH, ST Engg, Aspen, Sinarmas Land, Tee International

S Priyashini - THE following companies saw new developments that may affect trading of their securities on Tuesday:

23 hours ago

Livingstone Health signs MOU with China’s CMEC and CPG Consultants

The Editor - Livingstone Health Holdings has entered into a Memorandum of Understanding (MOU) with state-owned China Machinery Engineering Corporation (CMEC) and CPG Consultants to evaluate project collaboration opportunities in integrated healthcare infrastructure in Southeast Asia and South Asia.  In a fi ...

23 hours ago

StanChart nabs UBS veteran Raymond Ang as global private and priority banking head

Vivien Shiao - STANDARD Chartered has named UBS veteran Raymond Ang as its new global head of private and priority banking, subject to regulatory approval.

23 hours ago

Aspen bags US$210 mil agreement to supply gloves to Honeywell

Atiqah Mokhtar - Aspen (Group) Holdings’s subsidiary Aspen Glove has entered into a master supply agreement with Honeywell International to supply medical-grade examination gloves for a total value of US$210 million ($281.64 million). Under the two-year agreement commencing in July until July 2023, Aspen Glove wil ...

23 hours ago

New Zealand introduces climate change law for financial firms in world first

Ben Paul - SYDNEY: New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday (Apr 13). All banks with total assets of more than NZ$1 ...

23 hours ago

Remote-working companies exaggerating their service capabilities

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Customer support teams are barely keeping up with surging support enquiries. A new study has shown businesses across key markets in Asia are exaggerating their ability to keep up with customer service promises, whil ...

23 hours ago

Commentary: Anthony Tan, the ‘unabashedly ambitious’ man behind Grab

With Grab’s impending US$35 billion valuation, CEO Anthony Tan is poised to make history, say the Financial Times’ Mercedes Ruehl and Stefania Palma.

23 hours ago

Commentary: What’s behind Grab’s reported SPAC listing

Grab’s decision to opt for an SPAC listing rather than an IPO may seem strange to some, but it is a timely and strategic move, says Li Jianggan.

23 hours ago

Temasek and BlackRock form US$600m decarbonisation investment partnership

Michelle Zhu - TEMASEK Holdings and BlackRock on Tuesday announced a new partnership to jointly commit a total of US$600 million to decarbonisation investments.

23 hours ago

Council for Board Diversity still falls short of WOB goals

Staff Reporter - Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The slower rate of women director appointments is said to be a local issue in Singapore. Singapore’s Council for Board Diversity (CBD) has announced that women’s participation on boards (“WOB& ...

1 day ago

Commentary: Continued US trade war with China could stoke inflation

Ben Paul - The only real inflationary danger comes from those fanning the flames of war with China, says Professor James K Galbraith.

1 day ago

Commentary: US proposed global minimum corporate tax has implications for Singapore

Ben Paul - Joe Biden’s move to raise taxes may be well-timed, given domestic demands for government expenditure and a growing global acceptance that corporate taxes must be raised. But this has implications for Singapore, says NUS Business School’s Assoc Prof Simon Poh.

1 day ago

Japfa set to feast on pork shortage, higher prices amid African swine fever outbreak

Uma Devi - JAPFA'S swine operations in Vietnam could experience a boost in profitability as another outbreak of African swine fever (ASF) across certain Asia-Pacific countries exacerbates an ongoing pork supply deficit.

1 day ago

Will UIC's 4G leader change more than its name?

Leslie Yee - UNITED Industrial Corp (UIC) is seeking approval from its shareholders later this month to change its name to Singapore Land Group.

1 day ago

Million dollars for a coveted HDB unit not an aberration

Leslie Yee - A MILLION dollars and more for a HDB flat? That's what 53 such flats each commanded in the first three months of this year.

1 day ago

Higher prices, Covid-hit household income lower relative affordability of HDB resale flats in 2020

Fiona Lam - HOUSEHOLDS in Singapore might need to save up more or take a slightly bigger mortgage to buy a Housing Board (HDB) resale flat, based on median incomes and prices in 2020.

1 day ago

15,000 traineeships and company attachment opportunities in pipeline

Sharon See - ABOUT 15,000 government-funded traineeship and company attachment opportunities are expected to come on stream in the coming months, but interest in such programmes may be ebbing as the labour market moves towards a gradual recovery.

1 day ago

2,500 on-site attendees expected at upcoming trade show

Leila Lai - SINGAPORE'S largest trade show since the start of the Covid-19 pandemic will welcome 2,500 on-site participants and some 5,000 online visitors, paving the way for larger business events to take place, event organiser Conference & Exhibition Management Services (CEMS) announced last Thu ...

1 day ago

Digital tools helping SMEs to handle supply-chain chaos

Leila Lai - THE chaos in global supply chains caused by the Covid-19 pandemic has exposed inefficiencies and blind spots in the shipping and logistics industry, which still depends heavily on old-school methods of pen and paper, phone calls, e-mail and faxes.

1 day ago

Promising economic data in Q1 boosts business confidence of a recovery

Sharon See - Dark clouds seem to be receding, as Singapore’s economic performance in Q1 shows encouraging clues of a nascent recovery from its worst recession on record. Beyond economic data, business confidence levels appear to be rising, with surveys reflecting the highest level of optimism the Republic has ...

1 day ago

All eyes on Grab's financials ahead of US$34b SPAC deal

Claudia Chong - THE market is abuzz as Grab is expected to unveil a US$34 billion SPAC (special-purpose acquisition company) merger this week, paving the way for a public listing.

1 day ago

US budget deficit jumps to record US$1.7 trillion this year

Mak Yuen Teen - The US government's budget deficit surged to an all-time high of US$1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.

1 day ago

Biden tells execs US needs to invest, lead in computer chips

Mak Yuen Teen - President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push on Monday (Apr 12) for his US$2.3 trillion infrastructure plan, telling them that the US should be the world’s computer chip leader.

1 day ago

China reins in Jack Ma's Ant Group with enforced revamp

Mak Yuen Teen - BEIJING: China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech group whose record US$37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its Internet giants. The overhaul, which has been in the works for several months ...

1 day ago

Eagle Hospitality Reit to dispose of hotel for US$18m

Raphael Lim - A WHOLLY-OWNED subsidiary of Eagle Hospitality Real Estate Investment Trust (EH-REIT) entered into a sale-and-purchase agreement on April 7 for the sale of one of the 18 hotels in Eagle Hospitality Trust's (EHT) portfolio, DBS Trustee said on Monday.

1 day ago

Explainer: Why a person fully vaccinated against Covid-19 can still get infected and what it means

siewfern -

1 day ago

Tesla to conquer trillion-dollar energy market, Canaccord says

Bloomberg News - Tesla Inc is set to “attack and conquer” another trillion-dollar market as the company best known for its electric vehicles ramps up its focus on energy generation and storage, according to Canaccord Genuity. Analyst Jed Dorsheimer upgraded the stock to buy from hold and gave it one of the ...