15 hours ago
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
Nvidia, Johnson & Johnson and LVMH among top future-ready companies: Study
More than 110 companies in the technology, pharmaceutical and fashion industries were ranked on how prepared they are for the future.
16 hours ago
Tesla CEO Musk says Austin robotaxi fleet to double next month
Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June."The Tesla Robotaxi fleet in Austin should roughly double next month," Musk said in a post on X, whi ...
16 hours ago
Ultragreen.ai launches IPO at US$1.45 each, aims to raise US$400 million in gross proceeds
Teo Zheng Long - Ultragreen.ai has launched its initial public offering (IPO) at US$1.45 per share, aimed to raise gross proceeds of US$400 million. 5.86 million shares will be available in the public tranche and another 106.2 million shares will be available to investors outside the United States, including institu ...
17 hours ago
IP rider changes: Yet another stab at dampening claims and improving insurers’ results
Genevieve Cua - For policyholders, this means less coverage of a hospital bill, though rider premiums are expected to be 30% lower
17 hours ago
‘Don’t be Fomo’, wait for clarity on revised premiums before renewing IP riders: advisers
Renald Yeo - Under the revised rules, premiums for new riders are expected to fall by about 30%
17 hours ago
Powering Asean’s AI ambitions
Paul Churchill - Southeast Asia’s digital transformation is accelerating at unprecedented speed. Governments and businesses are embracing artificial intelligence (AI), cloud computing and digital inclusion to boost competitiveness and create opportunities across the region. AI alone could contribute between 10% an ...
17 hours ago
New IP rider rules: what stays, what goes, and how it affects you
Renald Yeo - MOH hopes removing riders that fully cover the deductible will maintain ‘cost discipline’ and reduce unnecessary admissions, tests or overnight stays
17 hours ago
MOH scraps full-deductible IP riders to tame rising private healthcare bills
Renald Yeo - The co-payment cap, which applies after the deductible, will also double to S$6,000
17 hours ago
China likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029
17 hours ago
Shopee, Vietnam’s iDEA launch initiative to help small businesses go regional
Deon Loke - The two-year initiative aims to accelerate digital transformation for Vietnamese businesses
17 hours ago
South Korea finance chief vows FX stability, but offers no near-term measures
SEJONG, South Korea :South Korea's Finance Minister vowed on Wednesday to stabilise a weak won, but stopped short of introducing specific policy measures to address the situation, amid growing worries about the persistent weakness of the currency. Minister Koo Yun-cheol told a rare press confer ...
18 hours ago
Singapore’s October factory output records highest jump in 15 years, up 29.1% on pharma surge
Sharon See - This surprised private-sector economists who had expected a 6.7% growth, based on a poll
18 hours ago
Singapore factory output jumps 29.1% in October boosted by pharma surge
Sharon See - Excluding the typically volatile biomedical manufacturing, industrial production expanded 15.8% year on year
18 hours ago
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
[BEIJING] China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with...
18 hours ago
URA releases Dairy Farm, Tanjong Rhu, Dover housing sites for sale
Therese Soh - They form part of the 4,725 residential units that will be released via the confirmed list of the H2 GLS programme
18 hours ago
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic...
18 hours ago
Asian stocks extend global rally as data boost rate cut hopes
HONG KONG: Asia extended a global equities rally on Wednesday (Nov 26) after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.A report t
18 hours ago
RHB initiates ‘buy’ on KIT, forecasts FFO CAGR of 1.2% over FY2024 to FY2027
Felicia Tan - RHB Bank Singapore analyst Shekhar Jaiswal has initiated a “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 55 cents, as he deems the trust to be a high-yield essential infrastructure play. KIT offers diversified exposure to essential infrastructure across energy transition ...
19 hours ago
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
Shikhar Gupta - The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile
19 hours ago
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
Danantara has not specified how it will use the additional proceeds
19 hours ago
Maersk sees better safety in Red Sea as it eyes eventual return
Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages
19 hours ago
Brookfield builds decarbonisation platform in South-east Asia
Therese Soh - This marks its first renewables investments in the Philippines, Vietnam and Thailand
19 hours ago
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
Therese Soh - The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy
19 hours ago
South Korea's HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
SEOUL :South Korea's HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wedneday. Under the plan, Lotte will spin off its business in Daesan city, South Korea, and mer ...
19 hours ago
Couple rakes in US$9 billion as AI circuit board shares soar 530%
The firm’s relationship with Nvidia has been a vital asset
19 hours ago
AR Capital to launch its EQDP-appointed fund in 'early 2026'
Samantha Chiew - AR Capital, one of the six appointed asset managers that will launch fund strategies under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP), will be launching a new funds in "early 2026". This launch will be AR Capital's fifth investment fund ...
20 hours ago
The story of a K-pop fan: I spent S$2,500 to win a 1.5-minute fancall with my idol
Lindsay Wong - What lengths do K-pop fans go to in order to see their idols? The Business Times looks at three scenarios of how fans engage...
20 hours ago
Singapore car-sharing service Shariot, related firms face S$180 million debt; exploring survival options
Derryn Wong - Lawyer’s letter to creditors requests temporary standstill on enforcement or recovery actions including statutory demands, repossessions
20 hours ago
Sri Lanka central bank holds interest rate steady ahead of budget, IMF review
COLOMBO :Sri Lanka's central bank kept its policy interest rate unchanged on Wednesday as it awaited approval of the country's budget and the latest review from the International Monetary Fund.The Central Bank of Sri Lanka (CBSL) held the overnight policy rate at 7.75 per cent.The monetary ...
20 hours ago
FAA probes Amazon after delivery drone snaps internet cable in Texas
The U.S. Federal Aviation Administration (FAA) said on Tuesday it is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week."A MK30 drone struck a wire line in Waco, Texas, around 12:45 p.m. local time on Tuesday, November 18," the regulator sai ...
20 hours ago
FAA probes Amazon after delivery drone snaps internet cable in Texas, CNBC reports
The U.S. Federal Aviation Administration is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week, CNBC reported on Tuesday, citing a Federal Aviation Administration (FAA) spokesperson.The e-commerce major confirmed the incident to CNBC, saying that afte ...
20 hours ago
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market
20 hours ago
Oil holds steady after one-month low on high supply expectations
LONDON :Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal.Brent crude futures lost 5 cents to $62.43 a barrel by 0904 GMT. U.S. West Texas Intermediate crude futures we ...