14 hours ago
TSMC’s profit surges 58% on AI-driven chip demand
The chipmaker makes the vast majority of the world’s most advanced semiconductors
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Malaysia’s Petronas to supply excess fuel to Australia as leaders vow closer energy ties
The South-east Asia country is widely considered as a global leader in halal processing due to its established certification standards
14 hours ago
Hyundai Motor's US sales chief has left the company, Automotive News reports
SEOUL, April 16 : Michael Orange, the Hyundai Motor executive responsible for sales in all of the automaker's seven U.S. regions, left the company on Tuesday, Automotive News reported. The automaker was not immediately available for comment.
15 hours ago
TSMC Q1 profit jumps 58% to record, beats expectations
TAIPEI, April 16 : TSMC, the world's largest contract chipmaker, posted a 58 per cent jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from huge appetite globally for its artificial intelligence processors.Taiwan Semiconductor Manufactu ...
15 hours ago
TomTom's reorganization boosts operating profit in Q1
April 16 : Dutch digital mapping specialist TomTom reported on Thursday higher than expected operating profit for the first-quarter of the year despite lower revenue following an internal reorganization.Its earnings before interest and taxes (EBIT) came in at 13.8 million euros ($16.3 million), abov ...
15 hours ago
Trump’s quest for more sway over Fed faces fresh hurdles
If the US Senate does not confirm Jerome Powell’s successor by May 15, the Fed chair said he will continue on as...
15 hours ago
Singapore developers deepen long-term bet on Vietnam
Ry-Anne Lim - Strong growth prospects, a young and increasingly well-educated workforce and expanding middle class are key drivers
15 hours ago
Thailand rushes to secure oil, fertiliser as Strait of Hormuz remains shut
Despite talk of a US-Iran ceasefire extension, policymakers are still on high alert in South-east Asia
16 hours ago
US House to weigh penalties on AI model copying by Chinese firms
Known as the Deterring American AI Model Theft Act, the bill is set to be considered by the House Foreign Affairs Committee...
16 hours ago
China’s US$51 trillion savings help bonds to outperform during war
With credit demand still weak, banks have limited scope to expand lending
16 hours ago
British investor Fred Blackford builds $500 million stake in Bytedance, FT reports
April 16 : Fred Blackford, a British tech investor who heads Future Positive Global, has accumulated a stake worth more than $500 million in TikTok-owner ByteDance, he told FT in an in interview published on Thursday.
16 hours ago
BOJ to hike rates by June as war-fuelled inflation risks mount: Reuters poll
TOKYO, April 16 : The Bank of Japan will raise its benchmark rate to 1.00 per cent by end-June, with nearly two-thirds of economists in a Reuters poll predicting the move, and a hike this month or in June seen as equally likely amid uncertainty over the fallout from the Iran war.Markets are struggli ...
17 hours ago
Singapore semicon firms not yet feeling the pinch from Iran energy crisis: industry body
Tessa Oh - But a prolonged crisis could eventually squeeze manufacturing margins
17 hours ago
SIA’s dividend capacity will be curtailed if it injects more than expected fund into Air India, says analyst
Tay Peck Gek - The Indian airline racks up a wider-than-expected annual loss of more than 220 billion rupees (S$3 billion) for FY2026
17 hours ago
Vietnam rushes biofuel rollout as Iran war prompts energy pivot
The move follows similar drives in Indonesia and Thailand
17 hours ago
CGSI reinforces bullish call on UMS Integration with higher target price
Lin Daoyi - Among the stocks to outperform the Straits Times Index (STI) this year is semiconductor equipment manufacturer UMS Integration. Closing at $1.79 on April 15 and accounting for the 1-for-4 bonus share issue, the counter has risen by around 57% since the start of 2026, compared to the STI’s 8% gain. ...
17 hours ago
SBS Transit shares rally past S$4 on bumper dividend, stronger cash flow visibility
Derryn Wong - Analysts say the expected total dividend of nearly S$0.50 per share implies a 14.4% yield
17 hours ago
Malaysia plans to use tycoon Aminul Islam’s new migrant worker system
Bestinet already operates a software system called the Foreign Workers Centralised Management System, or FWCMS
17 hours ago
Tokyo record leads Asia stocks higher as Iran peace hopes grow
Asian equities tracked Wall Street, which also saw all-time peaks.
17 hours ago
Beyond manufacturing: Vietnam’s ‘Doi Moi 2.0’ opens up new investment options and challenges
Mindy Tan - Businesses in the country are adopting a ‘move-and-adjust strategy’ amid fluid global developments
17 hours ago
Keppel wins centralised cooling system contract for 9 BTO Tengah projects
Therese Soh - It will design, install and operate residential cooling systems which are more energy-efficient
17 hours ago
HDB awards Keppel centralised cooling system contract for 9 BTO projects in Tengah
Therese Soh - It will design, install and operate residential cooling systems which are more energy-efficient
18 hours ago
China’s factory output rises 5.7% in March, retail sales growth slips to 1.7%
[BEIJING] China’s industrial output rose 5.7 per cent in March from a year earlier, slowing from 6.3 per cent growth in January-February,...
18 hours ago
Iran war brings US close to net crude exporter for first time since World War Two
HOUSTON, April 15 : The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand from Asian and European buyers scrambling to replace Middle East supplies cut by the Iran war.The U.S. and Israel's war ...
18 hours ago
Musk's staff reaches out to suppliers for Terafab project, Bloomberg News reports
April 15 : Elon Musk's staff have reached out to chip industry suppliers including Applied Materials, Tokyo Electron and Lam Research for his Terafab AI chip complex project with SpaceX and Tesla, Bloomberg News reported on Wednesday. Reuters could not immediately verify the report.
18 hours ago
Japan vows market vigilance in G7 meeting, finance minister says
WASHINGTON, April 15 : Japanese Finance Minister Satsuki Katayama said on Wednesday she told her Group of Seven counterparts that Tokyo was closely watching market moves, including currency rates, given high volatility.Many central banks appeared to favour taking a wait-and-see mode on monetary poli ...
18 hours ago
China’s Q1 economic rebound faces rough seas as Iran war jolts global outlook
Risks to the world’s second-largest economy have surged since the start of the Iran war
18 hours ago
China’s economy rebounds in Q1 but Iran war darkens 2026 outlook
Risks to the world’s second-largest economy have surged since the start of the Iran war
18 hours ago
Kallang Wave Mall to undergo ‘extensive’ AEI from May; 21m-tall climb wall to extend beyond mall’s roof
Jovi Ho - Kallang Wave Mall will undergo an “extensive” asset enhancement initiative (AEI) from May, with completion targeted for 2028, according to manager CapitaLand Investment (CLI). The AEI will introduce new community spaces, refreshed facades, upgraded alfresco dining areas along the Stadium Park Co ...
18 hours ago
StarHub to receive $115 mil, book gain after ending Ensign InfoSecurity rights arrangement
Nurdianah Md Nur - StarHub has agreed to terminate a shareholding arrangement with Ensign Technologies, a Temasek Holdings subsidiary, in a deal that will deliver $115 million in cash and generate a fair value gain of more than $200 million on StarHub's books this year. The transaction unwinds an assignment of ri ...
18 hours ago
Wealthy Asians chasing returns pour US$25 billion into AI startups
For Asia’s elite, the allure of generational tech gains is outweighing the risks of a potential bubble
18 hours ago
Olam shares rise 8% following regulatory approval to divest partial stake of agribusiness unit
Chloe Lim - [SINGAPORE] Shares of Olam Group rose more than 8 per cent on Thursday (Apr 16) morning, after it secured regulatory approval to...
19 hours ago
JLL markets 26 freehold units in District 9’s Residences at Emerald Hill
Jovi Ho - JLL is marketing 26 units from the 33-unit Residences at Emerald Hill, a freehold residential development within the Emerald Hill enclave in District 9, valued at a total of $180 million. The guide price of the units ranges from $4.7 million to $13.4 million, translating to approximately $1,900 psf ...
19 hours ago
S&P Global downgrades ASX after Australian regulator finds governance, risk failures
It downgraded the long-term issue rating on ASX debt to “A+” from “AA-”