23 hours ago
Transforming Air India ‘definitely not going to be a walk in the park’: SIA chief Goh Choon Phong
Tay Peck Gek - Singapore Airlines is playing a ‘long game’, he adds
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
Air India investment is ‘a long game’: SIA CEO
Tay Peck Gek - ‘There is no shortcut’ when it comes to the Indian carrier’s transformation, he adds
23 hours ago
Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom
TOKYO, May 15 : Japanese memory chipmaker Kioxia said on Friday it expected operating profit for the April-June quarter to reach 1.3 trillion yen ($8.20 billion) as the artificial intelligence boom boosts chip demand. • The maker of NAND flash memory chips reported operating profit rose 92.7 per c ...
23 hours ago
Japan's largest lender MUFG logs 438% jump in fourth quarter profit
TOKYO, May 15 : Japan's largest banking group Mitsubishi UFJ Financial Group logged a 438 per cent surge in fourth-quarter profit, it said on Friday.Net profit for the January-March period was 613.7 billion yen ($3.87 billion), up from 114 billion yen over the same period in the previous year.M ...
24 hours ago
Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale
Deon Loke - Analysts see strong interest in both areas
24 hours ago
Robot makers rule hottest Asia stock trades on physical AI boom
Investors are increasingly betting the next wave of value creation will come from robotics
24 hours ago
New Bank of Korea board member says inflation worries are heightening
SEOUL, May 15 : South Korea's newly appointed central bank board member, Kim Jin-ill, said on Friday inflation worries had heightened due to high oil prices sparked by the Middle East conflict. Kim said economic conditions were improving led by the technology sector, but uncertainty was high ov ...
24 hours ago
IHH bags S$250 million sustainability-linked loan from DBS to promote safe use of antibiotics
Sharanya Pillai - The deal shows that such financing can go beyond traditional environmental metrics, says DBS
24 hours ago
IHH bags S$250 million green loan from DBS to promote safe use of antibiotics
Sharanya Pillai - The deal shows that sustainable financing can go beyond traditional environmental metrics, says DBS
1 day ago
Global bonds tumble as flaring inflation spooks investors
LONDON, May 15 : The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest since in around a ...
1 day ago
Japan's megabanks rake in record profits, forecast further gains
TOKYO, May 15 : Japan's three largest banking groups logged big jumps in annual profits to record levels and forecast higher profits to come even as geopolitical risks spur market volatility and fears grow about borrower stress in private credit markets.The end of deflation in Japan has proven ...
1 day ago
Japan's Mizuho fourth-quarter profit surges almost seven-fold
TOKYO, May 15 : Japan's third-largest lender Mizuho Financial Group logged a 661 per cent jump in fourth-quarter profit on Friday.Net profit for the January-March period came in at 228.7 billion yen ($1.44 billion) compared to 30.1 billion yen over the same period a year prior.Mizuho also booke ...
1 day ago
Japan's Mizuho fourth-quarter profit soars 660%
TOKYO, May 15 : Japan's third-largest lender Mizuho Financial Group logged a 661 per cent rise in fourth-quarter profit, it said on Friday.Net profit for the January-March period came in at 228.7 billion yen ($1.44 billion) compared to 30.1 billion yen over the same period a year prior.Mizuho a ...
1 day ago
BOJ warns of financial system risks from investment fund activity
TOKYO, May 15 : Investment funds play a key role in supplying risk capital but can also pose potential risks to a country's financial system, Bank of Japan executive director Kazushige Kamiyama said in a speech released on the bank's website on Friday.Foreign hedge funds and private equity ...
1 day ago
Is SingPost grasping at straws?
Felicia Tan - Singapore Post’s (SingPost) latest set of results yet again reflects the group’s struggles. For FY2026, SingPost reported earnings of $60.9 million, 75.2% lower y-o-y. Profit from continuing operations was down by 73.6% y-o-y to $62 million, while the group made a loss from discontinued operatio ...
1 day ago
Link sustainability to dollars and cents for greater business relevance
Lin Daoyi - Ecosperity Week, Temasek’s annual flagship sustainability event, will be held from May 18 to 21. Ahead of the event, media outlets, including The Edge Singapore, have attended briefings and dialogues on upcoming initiatives and priorities. During an informal chat with the chief sustainability offi ...
1 day ago
MAS to remove mandatory financial advice for complex products for most retail investors
Deon Loke - Regulation still applies to some who need additional protection, such as those aged 62 or older who lack proficiency in English
1 day ago
Decision to list not a question of timing but whether the company deserves to be public: ShopBack
Felicia Tan - Temasek-backed loyalty and rewards marketing platform ShopBack says it is “broadly supportive” of the proposals by the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo) on the Global Listing Board (GLB). The GLB, which allows companies with market capitalisa ...
1 day ago
Golden Agri-Resources Q1 net profit falls 20% to US$44 million amid weaker upstream business
Therese Soh - However, its downstream business boosts revenue by 6% year on year
1 day ago
Singapore banks fight for bigger slice of wealth management pie
Kwan Wei Kevin Tan and Felicia Tan - With declining net interest margins (NIMs) on the back of lower interest rates, banks now have to prop up their bottom lines with non-interest income, including wealth management income. The broader trends are in their favour. Singapore’s concerted efforts to become a regional wealth management hu ...
1 day ago
India hikes fuel prices for the first time in four years amid Iran war crude spike
The move follows a cut in fuel taxes in March that gave refiners some relief, but will not offset losses
1 day ago
What to expect ahead of CDL’s strategic review
Felicia Tan and Kwan Wei Kevin Tan - City Developments’ (CDL) strategic review, which is slated to be unveiled by June, has got a lot riding on it. Group CEO Sherman Kwek announced the review during the group’s FY2025 results briefing on Feb 27. Sherman said CDL had engaged a global advisory firm in September last year to spearhead ...
1 day ago
Developers sell 1,548 new homes in April, chalking up the highest sales in six months
Chong Xin Wei - The Outside Central Region accounts for 87.7% of condo and private apartment sales in April
1 day ago
April new home sales more than double to highest level in six months
Chong Xin Wei - The Outside Central Region accounts for 87.7% of condo and private apartment sales in April
1 day ago
StarHub CEO on staying the dividend course through headwinds By Julian Wong
Julian Wong of Beansprout - When Nikhil Eapen became group CEO of StarHub in early 2021, he inherited a company in need of reinvention. StarHub had been built on a single insight: bundle everything. And for years, that was enough. Mobile, broadband, pay television, fixed line. StarHub was among the first telcos in the world to ...
1 day ago
Alpha, twice over: governing AI is good business
Kay Pang - DBS Bank runs more than 2,000 AI models across 430 use cases, generating approximately $1 billion in economic value in 2025. By any measure, it is one of the most AI-intensive financial institutions in the world. But AI adoption alone is no longer the differentiator. The question for Singapore’s b ...
1 day ago
The Singaporean turning Vietnam's Techcombank into an AI-first lender
Jamille Tran - The private bank’s first-ever chief data officer bets on cross-ecosystem data sets, proprietary AI models
1 day ago
Countdown to Anthropic’s trillion-dollar IPO in October
Assif Shameen - Get ready for another humongous IPO. The US$2 trillion ($2.54 trillion) listing in late June of Elon Musk’s SpaceX, which controls satellite broadband giant StarLink with nearly 11,000 satellites orbiting the earth, will be followed by another IPO, at least half as big, four months later. Artifici ...
1 day ago
OCBC Hong Kong wants to grow wealth income by fivefold from 2023 levels
Kwan Wei Kevin Tan - Oversea-Chinese Banking Corporation (OCBC) Hong Kong is looking to grow its wealth income this year by fivefold as compared to 2023, says the bank’s CEO Wang Ke during a media briefing on May 15. “That [gives us a] meaningful target. Though I cannot continue to grow at that neck breaking pace go ...
1 day ago
OCBC Hong Kong to lift wealth RM headcount by 30% as revenue heads for double-digit growth
Renald Yeo - The franchise is aiming to become a top-10 bank in Hong Kong by 2030
1 day ago
OCBC Hong Kong to lift RM headcount by 30% as revenue heads for double-digit growth
Renald Yeo - The franchise is aiming to become a top-10 bank in Hong Kong by 2030
1 day ago
‘Quite confident’ of double-digit top-line growth in 2026: OCBC’s Hong Kong chief
Renald Yeo - To support the franchise’s wealth ambitions, the lender will increase relationship manager headcount by 30%
1 day ago
OpenAI is so yesterday — even for SoftBank
Shuli Ren of Bloomberg Opinion - SoftBank Group Corp founder Masayoshi Son is known for making audacious multibillion-dollar bets. Some acquisition deals, such as the one involving chip designer Arm Holdings, have paid off nicely, while others, most notably WeWork Inc, have become big flops. So what about OpenAI, by far Son’s lar ...
1 day ago
Giving thanks for small blessings
Chew Sutat - My semi-annual retreat to Japan in May this year brought me to Shikoku, the smallest of the country’s four main islands, which is notable for its round-island pilgrimage route in honour of the ninth-century monk Kukai. Pilgrims undertake a 1,400km round-island trek over 60 days, visiting 88 Buddhi ...