16 hours ago
Riverstone Q3 earnings fall 28% to RM52 million
Navene Elangovan - Revenue declines 17.1% due to lower prices for gloves amid more intense competition
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
ComfortDelGro subsidiary Vicom reports 45% y-o-y growth in patmi for 3QFY2025 to $9.9 mil
Nicole Lim - ComfortDelGro’s subsidiary Vicom has reported a patmi of $9.9 million for the 3QFY2025 ended Sept 30, up 45% y-o-y. For the 9MFY2025, patmi grew 22% y-o-y to $25.4 million. For the 3QFY2025, revenue came in 36% y-o-y higher at $41.6 million, and 28% y-o-y higher for the 9MFY2025 at $11.5 million. ...
16 hours ago
Vicom’s Q3 earnings up 45% as it installs more OBU units in Singapore vehicles
Sharanya Pillai - Demand for vehicle inspection services was also strong, buoyed by Singapore’s economic expansion
16 hours ago
Jardine C&C posts improvements in non-Astra businesses for 9M 2025
Therese Soh - It expects its full-year underlying profit to be ‘broadly similar’ to that of 2024
16 hours ago
Asiatic Group guides for net profit after tax for 2QFY2026
Nicole Lim - Asiatic Group has guided for a net profit after tax for the 2QFY2026 ended Sept 30. The improvement in profitability is primarily due to several reasons, such as the improvement in gross margin in the fire protection solutions division as more revenue is derived from services that yield higher margi ...
16 hours ago
Jardine C&C expects full-year underlying profit to be broadly similar to the previous year
Nicole Lim - Jardine Cycle & Carriage (JC&C) expects the full-year underlying profit to be “broadly similar to the previous year”, it says in its interim management statement for the third quarter of 2025. The group said in the first nine months of the year, improvements were made in several of its n ...
16 hours ago
Duty Free International appoints new group CEO and COO, forms executive committee
Navene Elangovan - The committee will oversee and ensure the effective and efficient implementation of all strategic decisions issued by the board to management
16 hours ago
Boustead Singapore earnings down 3% y-o-y to $34.9 mil for 1HFY2026
Nicole Lim - Boustead Singapore has reported earnings of $34.9 million for the 1HFY2026 ended Sept 30, down 3% y-o-y. Revenue for the group for the first half of the year was marginally lower y-o-y at $294 million, compared to the $295.2 million reported in the same period a year ago. This is due to higher reven ...
17 hours ago
Boustead posts 3% drop in H1 net profit as US tariffs moderate energy sector activities
Sharanya Pillai - The board nevertheless declares an unchanged interim cash dividend of S$0.015 per share
17 hours ago
Daily Debrief: What Happened Today (Nov 10)
Stories you might have missed
17 hours ago
MAS and Indonesian financial services authority renew MOU on fintech collaboration
Nicole Lim - The Monetary Authority of Singapore (MAS) and the Otoritas Jasa Keuangan (OJK) have signed a memorandum of understanding (MOU) on cooperation in financial technology, building on an existing MOU signed in 2018. The Singapore regulatory watchdog and the Indonesian financial services authority renewed ...
17 hours ago
STI slips 0.1% on Monday, bucks regional trend
Benjamin Cher - Genting Singapore is the top gainer on the index while ST Engineering had the biggest decline
18 hours ago
Bank of England softens stablecoin stance with new proposals
LONDON :The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60 per cent of the assets backing the digital tokens in short-term government debt, part of a raft of new rules that suggest a softening in its approach to the sector. Stablecoins are d ...
18 hours ago
Bank of England proposes new rules for stablecoins
LONDON :The Bank of England said on Monday that issuers of systemic stablecoins would be able to invest up to 60 per cent of the assets backing the digital currencies in short-term government debt, as part of a set of proposals it detailed for regulating the sector.
18 hours ago
Weak rupiah, capital outflows could complicate Indonesia’s redenomination plan: analysts
Elisa Valenta - The country’s plan to simplify the rupiah’s nominal value has resurfaced repeatedly over the past decade
18 hours ago
Maybank facilitates RM15 billion in financing & investments in JS-SEZ; reveal next generation touchpoint in Forest City
Teo Zheng Long - From L-R: Paul Lee – Managing Partner, Nortmod, YM Raja Taufik Azad Ahmad Suhaimi – Iskandar Regional Development Authority, Mohd. Yasin Abdullah – Group CEO Maybank Islamic, YB Dato’ Haji Asman Shah bin Abdul Rahman - Johor State Secretary, YAB Dato’ Onn Hafiz Ghazi - Menteri Besar Johor, ...
18 hours ago
Guinness-owner Diageo taps former Tesco chief Dave Lewis for CEO role
Lewis helmed the UK supermarket group Tesco from 2014 to 2020
18 hours ago
Economy passengers to be charged S$1 to S$10.40 sustainable fuel levy from Oct 2026
Derryn Wong - Levy for business and first class flights originating from Singapore ranges from S$4 to S$41.60; cargo levy from S$0.01 to S$0.15 per...
19 hours ago
TSMC monthly sales growth slows as AI demand moderates
However, industry executives remain buoyant about AI-driven growth
19 hours ago
DBS, Franklin Templeton launch Singapore’s first tokenised retail fund
Shikhar Gupta - The fund is available to DBS wealth clients and accredited investors, with retail access expected in Q1 2026
19 hours ago
Thailand approves $3.1 billion of data centre investments
BANGKOK :Thailand on Monday approved four data centre projects worth $3.1 billion in investment as well as new measures to kickstart projects that have already been approved, the Board of Investment said. The investments included an 84-megawatt (MW) data centre valued at 26.7 billion baht from Duba ...
19 hours ago
Thailand says approves $3.1 billion of data centre investments
BANGKOK :Thailand on Monday approved four data centre projects worth $3.1 billion, the Board of Investment said on Monday.
19 hours ago
Ong Beng Seng retains PR status, issued ICA warning letter
Any future misconduct may lead to his PR status revocation, ICA says
19 hours ago
Malaysia’s Oriental Holdings to seal RM411 million Penang, Langkawi hotel deals; partners Ascott for rebranding
Tan Ai Leng - The company plans to invest around RM211 million in refurbishment works beginning in 2026
19 hours ago
Petronas, Enilive, Euglena start construction of new biorefinery in Malaysia
A joint venture between Malaysia's Petronas, Italy's Eni biofuel unit Enilive and Japan's Euglena said on Monday it started building a new biorefinery in Malaysia to produce sustainable fuels for the Asian market.The plant is designed to process up to 650,000 tonnes of renewable feeds ...
20 hours ago
Hong Kong extends digital bond ambitions with 3rd offering
City looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan
20 hours ago
Hong Kong surpasses South Korea in structured note boom: JPMorgan
A surging Hong Kong market has led to a boom in structured products linked to the city’s equities, so much so that...
20 hours ago
Hillhouse’s EZA Hill buys DHL logistics facility for US$40 million in first Thailand acquisition
Jessie Lim - Deal comes on the heels of purchases in Singapore and Indonesia, with firm reportedly eyeing a Reit
21 hours ago
China’s internet firms cautiously revive lending as Beijing pushes consumer loans
The more stable regulatory environment positions firms such as Ant, Meituan and ByteDance for faster growth and higher margins
21 hours ago
Subaru to review $10 billion electrification investment plan, targets annual cost savings
TOKYO :Subaru said on Monday it will review its previously planned 1.5 trillion yen ($9.95 billion) investment for electrification and aims to achieve 200 billion yen in annual cost savings by 2030 to offset U.S. import tariff impact.The Japanese automaker said it plans to reallocate part of the inv ...
21 hours ago
OCBC shares continue rally, and close at new record of S$18.19 after encouraging Q3 results
Shikhar Gupta - This beats their previous peak of S$17.94 recorded on Nov 7
21 hours ago
OCBC shares continue rally to hit all-time high of S$18.15 after encouraging Q3 results
Shikhar Gupta - [SINGAPORE] Shares of OCBC hit a new all-time high on Monday (Nov 10), continuing a rally from last week.
21 hours ago
OCBC shares continue rally to hit all-time high after strong Q3
Shikhar Gupta - The counter hit S$18.02 shortly after the midday trading break on Monday
21 hours ago
Rumble to buy German AI firm Northern Data for about $767 million, shares soar
Video platform Rumble, which hosts U.S. President Donald Trump's social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued at roughly $767 million.Rumble's shares surged more than 25 per cent in prema ...