Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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11 hours ago

MPA requires shore-based personnel to take COVID-19 test before boarding

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The test may be shown on either paper or any certified electronic means. The Maritime and Port Authority (MPA) of Singapore is now requiring any shore-based personnel to produce a valid negative test result from a C ...

11 hours ago

Hot stock: GL hits 10-month high after Guoco Group's privatisation bid

Vivienne Tay - SHARES of mainboard-listed GL Limited hit a 10-month high on Friday following news of a proposed privatisation. This came after the hotel operator lifted its trading halt during the midday break.

11 hours ago

30 new Covid-19 infections in Singapore, including 1 in the community

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11 hours ago

First Resources to see higher earnings via Indonesia's new export levy structure: RHB

Jeffrey Tan - As a result of Indonesia’s new export levy structure, which is in favour of First Resources, RHB Securities reckons the palm oil producer will rake in higher earnings. The brokerage has raised its FY2020-FY2022 earnings by 6.5%-9.2% on the back of higher downstream margins, including foreign excha ...

11 hours ago

Woman admits using fishing hook, sticky tape to steal Budget 2020 grocery vouchers from letterboxes

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11 hours ago

Tellurian aims for Louisiana LNG construction start this summer

Claudia Tan - The co-founder of U.S. LNG developer Tellurian said Thursday that the company is targeting this summer to begin construction of its US$16.8 billion Driftwood LNG export project in Louisiana as demand for the super-cooled fuel surges worldwide.

11 hours ago

Asia shares turn lower as recovery concerns resurface

Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large U.S. stimulus under President-elect Joe Biden shored up sentiment while oil prices perked up on upbeat Chinese trade figures.

11 hours ago

GKE Corp buoyed by Singapore, China stockpiling, net profit rises 260% y-o-y: CGS-CIMB

Jovi Ho - Warehousing and storage company GKE Corp is enjoying a “good start to the year” with enhanced medical supply stockpiling in Singapore and China’s infrastructure boom, says CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan.  Ong and Tan are maintaining their “add” call on the ...

12 hours ago

Exclusive: Goldman eyes deals to boost Marcus - sources

Claudia Tan - Goldman Sachs Group Inc is considering acquisitions to bulk up its consumer banking unit Marcus, after the Wall Street firm slowed loan and deposit growth at its fledgling business last year in the wake of the coronavirus pandemic, three bank sources said.

12 hours ago

US shale producers lock in future sales as oil prices rise to one-year high

Claudia Tan - U.S. shale producers are taking advantage of the oil market's rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said.

12 hours ago

Orchard Towers fatal brawl: Jail, fine for man who discarded alleged killer’s blood-stained T-shirt

michelle.lee -

12 hours ago

Trump's China tech war backfires on automakers as chips run short

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration's actions against key Chinese chip factories, industry officials said.

12 hours ago

WEF targets Marina Bay Sands for Singapore's 'Davos' summit: Sources

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12 hours ago

Developers in Singapore sell 1,217 private homes in December; full-year tally at 10,024

Kalpana Rashiwala - DEVELOPERS in Singapore sold 1,217 new private homes in December, up 57.2 per cent from the 774 units sold in November.

12 hours ago

Here are the major parts of the US$1.9 trillion Biden relief plan

Felicia Tan - President-elect Joe Biden’s US$1.9 trillion Covid-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic. The plan includes a wave of new spending, including more direct payments to households, an expansion of jobless benefits, more money for state and ...

13 hours ago

Hyundai Motor Group to build first overseas fuel cell system plant in China

Claudia Tan - Hyundai Motor Group has signed an investment pact with the government of China's southern province of Guangdong to build its first overseas fuel cell system production plant in the country, the South Korean firm said on Friday.

13 hours ago

Smartphone giant Xiaomi reels as US ramps up China blacklist

HONG KONG: Shares in Xiaomi collapsed on Friday (Jan 15) after the United States blacklisted the smartphone giant and a host of other Chinese firms as the Trump administration aims to cement its trade war legacy against Beijing. The flurry of last-minute blacklistings is the coda to four years of . ...

14 hours ago

Domestic travel dominates Singaporeans' holiday vacation searches

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Most are planning for the Lunar New Year, Valentine’s Day, and school holidays. Domestic travel destinations for the upcoming holidays dominated most of Singaporean's vacation searches, according to a rese ...

14 hours ago

Exclusive: Trump administration adds China's Comac, Xiaomi to Chinese military blacklist

Annabeth Leow - The Trump administration on Thursday added nine Chinese firms to a blacklist of alleged Chinese military companies, including planemaker Comac and mobile phone maker Xiaomi, according to a document seen by Reuters.

14 hours ago

BHG Singapore to take over two floors formerly occupied by Robinsons at Raffles City

Lynette Tan - DEPARTMENT store operator BHG Singapore is taking over the first two floors of the space formerly occupied by Robinsons Singapore at Raffles City Shopping Centre, The Business Times has learnt.

14 hours ago

Airbnb CEO says travel never going back to the way it was before pandemic

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.

14 hours ago

Heir to South Korea's Samsung faces day of reckoning after four years of graft trial

Annabeth Leow - A South Korean court will sentence Samsung Electronics Co Ltd heir Jay Y. Lee on a bribery charge on Monday, a ruling likely to have ramifications not just for his company but for all of South Korea's chaebol conglomerates.

14 hours ago

CDP account holders will soon be able to access their portfolios via SingPass

Natalie Choy - SINGAPORE'S securities depository system has moved a step closer to being unified on the national one-step financial planning service, SGFinDex (Singapore Financial Data Exchange).

14 hours ago

Briton, S’porean fiancee charged with conspiring to breach stay-home notice at Ritz-Carlton hotel

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15 hours ago

Hot stock: iFast surges more than 5.5%, prompting SGX query

Michelle Zhu - SHARES of wealth management platform iFast Corp surged S$0.24 or 5.5 per cent to S$4.59 as at 9.45am on Friday, which resulted in the Singapore Exchange (SGX) issuing a query on the "unusual price movements".

15 hours ago

Guoco Group proposes S$0.70 per share offer to take GL private

Vivienne Tay - A WHOLLY-OWNED special purpose vehicle of Hong Kong-listed Guoco Group intends to make a voluntary conditional cash offer of S$0.70 per share to take GL Limited private and delist it from the Singapore Exchange.

15 hours ago

iFAST triggers fourth query in six months on share price surge

Felicia Tan - Shares in iFAST rose to $4.65 at 9.45am, or 8.64% up from its last close price of $4.28 before climbing to a high of $4.66 at 9.48am. The “unusual movement” prompted a query from Singapore Exchange Regulation (SGX RegCo) at 9.45am asking the company if it was aware of any information that could ...

15 hours ago

SAP forecasts flat 2021 revenue after fourth-quarter recovery

Annabeth Leow - Business software group SAP forecast flat revenue and a decline in operating profit in 2021, as it released preliminary annual results that came at the high end of guidance slashed last autumn.

15 hours ago

Yangzijiang establishes new JV company as an interested person transaction

Felicia Tan - Mainboard-listed Yangzijiang Shipbuilding says it has established a proposed joint venture company, Jiangsu Run Yuan Energy with Wuxi China Resources Gas and Jiangyin Xinyangchuan Enterprise Management Center with an initial issued and paid-up capital of RMB20 million ($4.1 million). The joint ventu ...

15 hours ago

Amazon faces class-action lawsuit over eBook pricing

Amazon.com was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.

15 hours ago

Oil mixed as Chinese lockdowns raise demand questions

Oil prices were mixed on Friday as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks.

15 hours ago

Rosneft seeks to tempt trading houses into Arctic oil project with supply deals

Annabeth Leow - Russian state oil major Rosneft is courting investments from global trading houses to help develop one of the world's biggest oil deposits, after talks with other possible partners stalled following a collapse in oil prices, four sources told Reuters.

15 hours ago

Analysis: Biden's US$1.9 trillion rescue package offers bridge for hard-hit economy

Annabeth Leow - U.S. President-elect Joe Biden's proposal to pour US$1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession.

15 hours ago

Exclusive: Rosneft seeks to tempt trading houses into Arctic oil project with supply deals

Lee Meixian - Russian state oil major Rosneft is courting investments from global trading houses to help develop one of the world's biggest oil deposits, after talks with other possible partners stalled following a collapse in oil prices, four sources told Reuters.

16 hours ago

Singapore food tech startup Advantir raised 7-figure seed funding

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Raging Bull Investments led the undisclosed funding. Food tech startup Advantir Innovations has raised an undisclosed 7-figure seed funding led by Raging Bull Investments and a consortium of investors, includin ...

16 hours ago

Malaysian mobile wallet firm inks deal with Ripple to power wallet-to-wallet remittances

Ng Qi Siang - Malaysian mobile wallet company Mobile Money announced on Jan 14 that it had inked a partnership with Ripple, an enterprise blockchain solution. Through RippleNet, the latter’s global payment network, it will connect with Bangladesh-based mobile financial services provider bKash to facilitate wall ...