13 hours ago
Gold prices drop over 2 per cent as firmer dollar, US rate outlook weigh
Investors expect the US Federal Reserve to keep interest rates steady at the end of its two-day meeting on Mar 18
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
DBS Group Research sees Innotek ‘scaling into the AI hardware value chain’ in un-rated report
Teo Zheng Long - DBS Group Research (DBS) analysts Amanda Tan and Ling Lee keng believe that Innotek’s (SGX: M14 ) artificial intelligence (AI) exposure will help support structural re-rating for the counter beyond just traditional precision engineering. In their Mar 9 un-rated report, while the DBS analysts obser ...
14 hours ago
DBS CEO Tan Su Shan receives S$9.6 million pay package for 2025, in first year at helm
Renald Yeo - This compares with the S$17.6 million remuneration received by former CEO Piyush Gupta in 2024
14 hours ago
Australian shares extend selloff as crude prices fuel cost-of living woes
AUSTRALIAN shares dropped more than 3 per cent on Monday, as oil prices’ ascent to over US$100 per barrel due to the Middle East...
14 hours ago
AJJ Medtech wins four-year supply contract for biodegradable medical consumables worth $3 mil
Teo Zheng Long - AJJ Medtech (SGX: 584 ) announces that it has won a four-year supply contract valued at approximately $3 million with a network of Singapore healthcare institutions. The contract, which will commence on June 1, 2026, has a tenure of two years with an option to extend for a further two years, and cov ...
14 hours ago
China’s ‘smart economy’ push spurs hunt for new stock winners
More broadly, Chinese markets have held up better than their Asian peers amid the global sell-off caused by the war in Iran
15 hours ago
STI, Malaysia, Indonesia stock markets down as oil spikes past US$100
Shikhar Gupta - The STI closed 1.9% lower
15 hours ago
STI, Malaysia, Indonesia stocks down as oil spikes; analysts flag impact on South-east Asia
Shikhar Gupta - The STI drops as much as 3.1% on Monday morning before paring some losses to close 1.9% lower
15 hours ago
STI, Malaysia, Indonesia stocks down at midday as oil spikes; analysts flag impact on South-east Asia
Shikhar Gupta - The STI dropped as much as 3.1% on Monday morning
15 hours ago
STI, Malaysia, Indonesia stocks tumble as oil spikes; analysts flag impact on South-east Asia
Shikhar Gupta - The STI dropped as much as 3.1% on Monday morning
15 hours ago
STI, Malaysia stocks tumble as oil spikes; analysts flag impact on South-east Asia
Shikhar Gupta - The STI drops as much as 2.9% on Monday
15 hours ago
STI, Malaysia stocks tumble amid oil price spike as broader markets slump
Shikhar Gupta - The STI opens 1.9% lower on Monday
15 hours ago
STI, broader Asia markets tumble amid oil price spike; Nikkei, Kospi fall over 6%
Chloe Lim - The STI opens 1.9% lower on Monday
15 hours ago
Broader Asia markets tumble amid oil price spike; Nikkei, Kospi fall over 6%
Chloe Lim - [SINGAPORE] Wider Asia markets tumbled at Monday’s (Mar 9) open, with South Korean and Japan indices leading losses, following a significant oil...
15 hours ago
PSA International full-year net profit up 0.5% at S$1.1 billion on record throughput
Deon Loke - Revenue rises 7% to S$8.3 billion
15 hours ago
DBS says AI and data analytics initiatives generated about $1 bil as CEO sees agentic AI systems ahead
Nurdianah Md Nur - DBS Group's CEO Tan Su Shan believes geopolitical fragmentation and the rise of artificial intelligence (AI) are reshaping banking. Both trends are expected to create new opportunities across wealth management, payments and digital assets. Companies are diversifying supply chains, currencies an ...
15 hours ago
How involution turned China’s ride-hailing drivers into part-time mahjong pros
The emergence of ride-hailing has made it exceedingly convenient for tourists
15 hours ago
‘Should have started by now’: Indonesia’s plan to export solar energy to Singapore hits a snag
[JAKARTA] The planned export of solar energy from Indonesia’s Batam to Singapore appears to have hit a snag, as appointed electricity exporters face challenges in...
15 hours ago
DBS CEO Tan Su Shan earns $9.6 mil in FY2025; predecessor Piyush Gupta paid $4.2 mil
Felicia Tan - DBS Group Holdings CEO Tan Su Shan earned $9.6 million for the financial year ended Dec 31, 2025, after succeeding former chief Piyush Gupta on March 28, 2025. Tan’s remuneration comprised a base salary of $975,250, a cash bonus of $3.7 million, $4.9 million in deferred awards, and $68,694 in non- ...
15 hours ago
PhillipCapital bumps up target price on Thakral following positive FY2025 results
Samantha Chiew - PhillipCapital is keeping its “buy” call on Thakral, with a higher target price of $2.56 from $2.12 previously. This new target price includes a 50% conglomerate discount and reflects current market values of the GemLife and The Beauty Tech Group (TBTG) listed stakes. To recap, Thakral released ...
15 hours ago
Frasers Property appoints Tony Lombardo as new group COO
Chloe Lim - The position will take effect on Oct 1, 2026
15 hours ago
Addvalue wins additional orders worth US$3.7 mil; order book reaches US$26.4 mil
The Edge Singapore - Satellite communications company Addvalue Technologies has won new contracts worth US$3.7 million, bringing its order book to US$26.4 million. The company says these most recent orders were for multiple Inter-Satellite Data Relay System (IDRS) terminals were from four "established" clients ...
15 hours ago
Stocks to watch: Sembcorp Industries, Frasers Property, Yangzijiang Maritime, OKP
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Mar 9):
15 hours ago
Nikkei tanks more than 6% as oil prices surge
[TOKYO] Japan’s Nikkei average fell more than 6 per cent in a broad selloff on Monday after oil prices surged, stoking fears...
15 hours ago
Nikkei tanks more than 5% as oil prices surge
[TOKYO] Japan’s Nikkei share average tanked more than 5 per cent in early trade on Monday after oil prices surged and stoked...
15 hours ago
Lendlease's Lombardo to join Frasers Property as group COO to drive investment and capital management
The Edge Singapore - Tony Lombardo, currently group CEO of Australia's Lendlease Corp, will be group chief operating officer of Frasers Property with effect from Oct 1, with a focus on investment activities via Frasers Property Capital. According to FPL, Lombardo has the mandate to drive "cross‑portfolio opt ...
15 hours ago
OKP secures S$87.3 million contract for Jurong Region Line infrastructure
Deon Loke - This raises the group’s net construction order book to S$627.2 million
15 hours ago
Sembcorp Industries rebuts reports of damage to UAE power, water plants from Iranian strikes
Chloe Lim - In Singapore, gas supply stays ‘secure’, with no near-term disruptions anticipated
15 hours ago
Sembcorp Industries rebuts news reports; claims no damage to UAE power, water plants from Iran’s strikes
Chloe Lim - In Singapore, gas supply stays ‘secure’, with no near-term disruptions anticipated
16 hours ago
OKP wins $87.3 mil contract from LTA to build commuter related infrastructure for Jurong Region Line
The Edge Singapore - OKP Holdings has won a $87.3 million contract from the Land Transport Authority for commuter infrastructure works around the upcoming stations along the Jurong Region Line. Under the contract, OKP will help design and build covered linkways, new cycling paths and shared paths, as well as footpaths a ...
16 hours ago
Sembcorp refutes reports that its Fujairah 1 plant in UAE damaged; no gas imports from Middle East scheduled this year
The Edge Singapore - Sembcorp Industries has refuted reports that its 40%-held power and water plant in the UAE, the Fujairah F1, has been damaged following attacks by Iran. Besides the Fujairah 1 in UAE, described as the world's largest desalination plant, Sembcorp also operates the Salalah IWPP and the Manah II S ...
17 hours ago
Gamuda Land doubles down on organic growth, shrugs off Sunway-IJM threat
Tan Ai Leng - The developer is set to launch RM10 billion in projects across Malaysia, Vietnam and Singapore over the next 18 months
17 hours ago
‘Double-edged sword’: Wilmar, Golden Agri may face margin squeeze from Iran war, but upstream players could gain
Benicia Tan - With surging crude oil shortage and rising prices, biodiesel demand expected to rise
17 hours ago
As Middle East conflict rages, DBS urges SMEs to hedge at least half their FX exposure – not time the market
Renald Yeo - This comes as the bank expands its SecureFX facility to all corporate clients in Singapore