16 hours ago
Rupee gains as RBI returns to defend currency after slump
India’s rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49%
16 hours ago
Singapore firms ramp up AI spending but ambitions undercut by data and skills gaps
Nurdianah Md Nur - Singaporean businesses are investing heavily in artificial intelligence (AI) and seeing solid early returns, but fragmented data foundations and workforce readiness gaps could limit their ability to capitalise on the next wave of AI innovation, according to new reports. Companies here are spending a ...
17 hours ago
Prosus doubles half-year core profit amid e-commerce pivot
Dutch technology investor Prosus reported a 99 per cent surge in its adjusted half-year core profit on Monday, driven by strong performances across its digital services and e-commerce portfolio.Its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) grew to $423 million ...
17 hours ago
Prosus' half-year core profit nearly doubles amid e-commerce pivot
Dutch technology investor Prosus on Monday reported a 99 per cent surge in its adjusted core profit, driven by strong performances across its digital services and e-commerce portfolio.The group's adjusted earnings before interest, taxes, depreciation and amortisation rose to $423 million in the ...
17 hours ago
Julius Baer books US$186 mil loss provision on property loans
Noele Illien / Bloomberg - Julius Baer Group Ltd. said it was booking a 150 million Swiss franc (US$186 million or $242.9 million) loan-loss provision on real estate lending, as the cleanup of the bank keeps investors waiting for a resumption of share buybacks. Wealthy clients have added a net 11.7 billion Swiss francs in the ...
17 hours ago
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years
18 hours ago
From two weeks to two hours: how AI might reboot Britain's economy
LONDON :When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped.Colleagues in another team running checks against corporate fraud created a report for customers in two hours, something that previously took two weeks.The ...
18 hours ago
Singapore beats Hong Kong in gross tonnage registered as more vessels reflag
Tay Peck Gek - Higher tonnage in September makes Singapore the fourth-largest ship registry in the world
18 hours ago
Singapore climbs ahead of Hong Kong in gross tonnage registered as more vessels reflagged
Tay Peck Gek - Higher tonnage in September makes Singapore the fourth-largest ship registry in the world
18 hours ago
Analysis:Shein's first bricks-and-mortar shop highlights department stores' existential pain
PARIS :Shein's move into the flagship BHV in Paris has added political heat to the troubles of department stores, which are facing an existential threat from shoppers' shift to online retailers offering ultra-fast fashion.The Chinese budget retailer opened its first bricks-and-mortar shop ...
18 hours ago
Thailand eyes tougher gold-trade rules after baht swings
The currency hit a four-year high in September
18 hours ago
Alibaba’s Qwen powers latest version of Singapore AI’s home-grown Sea-Lion LLM
Chloe Lim - The partnership also sees Alibaba offering technical support for “advanced post-training” of the LLM
19 hours ago
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
Qwen’s debut underscores how AI apps have set new highs for rapid adoption in recent times
19 hours ago
Morningstar keeps US$7.10 target price on ‘undervalued’ Hongkong Land
Jovi Ho - Morningstar Equity Research analyst Xavier Lee is maintaining his US$7.10 ($9.28) fair value estimate for “narrow-moat” Singapore-listed property developer Hongkong Land, which last week posted 13% lower y-o-y underlying profit for 3QFY2025 ended Sept 30. “The shares remain undervalued, tradin ...
19 hours ago
Singapore’s core, headline inflation both rise to higher-than-expected 1.2% in October
Elysia Tan - MAS and MTI maintain their outlooks
19 hours ago
Singapore’s core inflation up by 1.2% y-o-y in October from higher inflation in services, food and retail & other goods
Felicia Tan - Core inflation, or Monetary Authority of Singapore (MAS) core inflation, picked up in October, coming in 1.2% higher y-o-y, compared to 0.4% in September. Core inflation, which excludes accommodation and private transport, rose by 0.5% m-o-m. The higher reading was due to higher inflation in service ...
19 hours ago
More than 2 in 3 Asian businesses are more certain about trade than 6 months ago: HSBC
Kwan Wei Kevin Tan - More than 2 in 3, or 68%, of Asian businesses surveyed by HSBC, feel more certain about trade than they were six months ago, HSBC says in a statement on Nov 24. The statement cites findings from HSBC’s Trade Pulse Report, which was published on Nov 18. The first report in the series was released i ...
20 hours ago
Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim
Shikhar Gupta - Claims involve alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah’s bags and jewellery
20 hours ago
Singapore’s tourism to enjoy near-term tailwinds from China trip cancellations: DBS
Samantha Chiew - In a recent note, DBS Research is expecting a meaningful uplift for Singapore’ tourism operational metrics arising from the China-Japan rift. Around 30% of the 1.44 million China-to-Japan trips planned for the rest of the year have been cancelled following Beijing’s advisory to avoid travel to J ...
20 hours ago
ST Engineering to deliver SAR satellite as part of UAE’s National SAR Constellation Programme
The Edge Singapore - Singapore Technologies Engineering (ST Engineering) has been selected by FADA to deliver a synthetic aperture radar (SAR) satellite as part of the UAE National SAR Constellation Programme, Sirb. FADA is the space-focused entity under EDGE Group. According to ST Engineering, the project aims to enhan ...
20 hours ago
Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030
Chong Xin Wei - Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core positions
20 hours ago
Malaysia says it plans to ban social media for under-16s from 2026
France, Spain, Italy, Denmark and Greece are also jointly testing a template for an age verification app
20 hours ago
Indian central bank likely intervenes to prop up rupee before local market open, traders say
[MUMBAI] The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders...
20 hours ago
Asia: Stocks rise as US rate hopes soothe nerves after torrid week
ASIAN markets mostly rose on Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster...
21 hours ago
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes
21 hours ago
Owning luxury hotels is tough but can be richly rewarding for patient capital
Leslie Yee - Jardine Matheson and Frasers Property could gain from hotel ownership over the long term
21 hours ago
GIC and ADIA-backed Vantage Data Centres finalises acquisition of Johor data centre and US$1.6 bil funding led by SWFs
Daoyi Lin - Vantage Data Centres, has announced that it has closed the acquisition of a hyperscale data centre campus located in the Johor-Singapore Special Economic Zone (JS-SEZ). This will be the data centre provider’s third campus in Malaysia. The campus, JHB1, is one of the largest of its kind in southeas ...
21 hours ago
Lenovo stockpiling PC memory due to ‘unprecedented’ AI squeeze
[TAIPEI] Lenovo Group is stockpiling memory and other critical components to navigate a supply crunch brought on by the boom in artificial...
21 hours ago
Oil falls as Ukraine peace talks edge toward a solution
[PERTH] Oil prices slipped on Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the...
21 hours ago
CNN pulls stories from Apple News feed, Semafor reports
CNN has removed its stories from Apple News, ending its content-sharing agreement with the platform, Semafor reported on Sunday.The two companies are discussing a new deal that would restore CNN's stories to Apple News, the report said.Reuters could not immediately verify the report. Apple and ...
21 hours ago
OCBC steps up anti-scam measures with in-app calling feature
Nurdianah Md Nur - OCBC Bank will progressively make in-app calling available to its retail banking customers, giving them an easier way to reach the bank while reducing exposure to phone-based scams. The bank expects the capability to be especially valuable to customers who need urgent assistance while abroad, such a ...
21 hours ago
Scammed while travelling? OCBC rolls out free in-app calls for all customers
Chloe Lim - Bank says business and retail customers currently make over 8,000 calls to the bank each month while overseas
21 hours ago
Three companies picked to supply methanol at Singapore port in drive to be sustainable bunkering hub
Shikhar Gupta - Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel