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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12 hours ago

ST Engineering, Temasek set up freighter leasing JV amid e-commerce boom

Sharanya Pillai - DEFENCE and technology group ST Engineering has set up a joint venture (JV) with Temasek for freighter leasing. This will address the growing demand for freighter aircraft as e-commerce and air cargo volumes expand globally, ST Engineering announced on Wednesday.

12 hours ago

Huawei CFO's US extradition case begins final weeks of hearings in Canadian court

Michelle Quah -

12 hours ago

ST Engineering sets up freighter leasing joint venture with Temasek

Amala Balakrishner - Singapore Technologies (ST) Engineering incorporated its joint venture company (JV), Juniper Aviation Investments on August 4 with an initial paid-up capital of US$2 ($2.70). Temasek and ST Engineering Aerospace Resources – a subsidiary of ST Engineering – each have a 50% stake in the JV. The JV ...

12 hours ago

Brazil retailers hunt for M&A deals to compete for e-commerce dominance

Michelle Quah - In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil's northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo and called a store manager.

12 hours ago

Keppel unit enters joint venture with Chinese developer to manage investment properties in China

Claudia Tan - KEPPEL Land China has, through its indirect wholly-owned subsidiary Keppel Yong Da Property Management (Shanghai), entered into a joint venture (JV) with a Chinese developer to jointly manage investment properties with potential for asset enhancement initiatives (AEI) in China.

13 hours ago

Insurance agent found guilty of molesting junior colleague after door-to-door sales

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13 hours ago

STI tracks Wall Street gains, rises 1.07%

Tay Peck Gek - SINGAPORE stocks took the cue from Wall Street overnight gains, and rallied together with several Asian markets on Wednesday.

13 hours ago

Toyota, Honda beat profit estimates but are wary of extended chip crunch

Raphael Lim - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

13 hours ago

The route less travelled: private aviation eyes limited direct flights to lure execs

Michelle Quah - Private aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate travel eases back this fall after a pandemic-induced slump.

13 hours ago

Sony's profits gain on Demon Slayer, digital camera demand

Michelle Quah -

13 hours ago

92 new locally transmitted Covid-19 cases in Singapore, including 30 unlinked infections

tessa.oh -

13 hours ago

Diving: Singapore's Freida Lim finishes last in Tokyo Olympics 10m platform prelims

asyrafkamil -

13 hours ago

Chinese state media tone down criticism of video game industry

Michelle Quah -

13 hours ago

Keppel plays another lead role in ongoing remaking of Singapore Inc

Jeffrey Tan - Even before the dust has settled on the potential combination between Keppel Offshore & Marine (Keppel O&M) unit and Sembcorp Marine (Sembmarine), Keppel Corp has moved on to its next target. In the process of making these big moves, Keppel, which can trace its roots to the naval shipyard le ...

13 hours ago

Amazon launches free one-day delivery in Brazil amid fierce competition

Michelle Quah - E-commerce giant Amazon.com Inc started to offer its Brazilian Prime subscribers free one-day delivery in 50 cities on Wednesday, amid fierce market competition in Latin America's largest economy.

13 hours ago

Myanmar limits foreign hires in banks in troubled financial sector

Michelle Quah -

13 hours ago

StarHub launches free 5G standalone market trial

Samantha Chiew - StarHub Mobile customers can now tap into the full potential of 5G technology through StarHub’s free 5G Standalone (SA) market trial. With StarHub switching on 5G SA coverage across the island from today, new and re-contracting Mobile+ and Biz+ subscribers with StarHub’s 5G SIM cards and compati ...

14 hours ago

EDB MD Chng Kai Fong to step down in Oct, succeeded by Jacqueline Poh

Jeanette Tan - THE managing director of Singapore's Economic Development Board (EDB) Chng Kai Fong will be stepping down from the helm of the statutory board when his term ends in early October.

14 hours ago

EDB chief Chng Kai Fong steps down, to be succeeded by Jacqueline Poh on Oct 4, 2021

Jeanette Tan - MANAGING director of Singapore's Economic Development Board (EDB) Chng Kai Fong will be stepping down from the helm of the statutory board when his term ends in October.

14 hours ago

Analysis-Reality bites: China's meddling cools but can't reverse hot commodity prices

Michelle Quah - A slew of measures by Chinese authorities to tame soaring raw material costs has had only a fleeting effect, leaving the world's largest manufacturing base facing the harsh reality of substantially higher input costs for the foreseeable future.

14 hours ago

UOB Kay Hian adds Genting Singapore to its alpha picks portfolio, removes GHY Culture & Media

Atiqah Mokhtar - UOB Kay Hian has added Genting Singapore to its Alpha Picks after the portfolio saw a flat performance for the month of July versus the Straits Times Index (STI). “On both price- and market cap-weighted basis, our Alpha Picks portfolio rose 1.3% and 1.5% respectively and was in line with the STI� ...

14 hours ago

PM Lee's National Day message to be broadcast on Aug 8

asyrafkamil -

14 hours ago

Ether falls 1per cent ahead of major upgrade to ethereum network

Michelle Quah - Ether fell about 1per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed.

14 hours ago

Temasek Foundation running pilot for households to get free surgical, N95 masks by presenting utility bills: Ho Ching

gordon.feeney -

14 hours ago

UOB KH forecasts strong 2Q21 for tech manufacturers, top buys include UMS, Aztech and Innotek

Lim Hui Jie - UOB Kay Hian’s Singapore research team has given “buy” ratings for all of the tech manufacturers under its coverage. In an Aug 4 report, the brokerage said industrial production in Singapore and Malaysia showed a strong double-digit yoy recovery in 2Q2021. As such, this should benefit the manu ...

14 hours ago

OK Lim's daughter hauled to court for allegedly telling staff to ensure deleted data cannot be recovered

Anita Gabriel - THE crisis deepened for the family of Singapore's fallen oil legend Lim Oon Kuin of the Hin Leong empire as his daughter became the latest to feel the brunt of the city-state's regulators.

14 hours ago

OK Lim's daughter hauled to court for allegedly telling staff to delete data from Hin Leong computer servers

Anita Gabriel - THE crisis deepened for the family of Singapore's fallen oil legend Lim Oon Kuin of the Hin Leong empire as his daughter became the latest to feel the brunt of the city-state's regulators.

14 hours ago

OK Lim's daughter hauled to court over alleged obstruction of justice

Anita Gabriel - THE crisis deepened for the family of Singapore's fallen oil legend Lim Oon Kuin of the Hin Leong empire as his daughter became the latest to feel the brunt of the city-state's regulators.

14 hours ago

Governance and transparency scores up most among companies that lagged in 2020

Raphael Lim - COMPANIES that ranked lowest in last year's Singapore Governance and Transparency Index (SGTI) have seen greater improvement in this year's results compared to those that previously ranked higher.

15 hours ago

From open water 'rookie' to Olympian: Chantal Liew finishes 23rd in women’s 10km swim

amanda.eber -

15 hours ago

Siglap Shopping Centre relaunched for collective sale; price unchanged at S$120m

Jeanette Tan - LOCAL real estate consultancy OrangeTee Advisory on Wednesday announced it is relaunching Siglap Shopping Centre for collective sale in view of recent trends of aggressive bidding for government land sites.

15 hours ago

Singapore FinTech Festival 2021 to take place from Nov 8 to 12 as hybrid digital and physical event

Felicia Tan - The Singapore FinTech Festival 2021 (SFF 2021) will take place from Nov 8 to 12 with a mix of digital and physical events, says the Monetary Authority of Singapore (MAS) on Aug 4. The Edge Singapore is one of the official media partners for the event. Themed “Web 3.0”, the festival will bring to ...

15 hours ago

Banks from HSBC to Citi shrug off China risks, embrace HK

Bloomberg - Growing geopolitical tensions and pulled initial public offerings have done little to damp the appetite of Western banks for Hong Kong and China.Standard Chartered Plc CEO Bill Winters was the latest executive in recent weeks to signal a sweeping Chinese government crackdown and rising geopolitical ...

15 hours ago

Honda, Nissan report lower China sales in July, Toyota up

Michelle Quah - Japanese automakers Honda Motor and Nissan Motor saw their sales in China tumble in July as overall sales in the world's biggest car market decline.

15 hours ago

Taiwan July exports set to rise for 13th straight month: Reuters poll

Michelle Quah - Taiwan's exports likely rose for a 13th straight month in July, a Reuters poll showed, boosted by strong demand for electronics goods as the global economy traces its path back to recovery with sustained work-from-home trends.

15 hours ago

As China's recovery wobbles, economists expect more policy easing

Michelle Quah - China may need more monetary and fiscal easing to halt an economic slowdown in the wake of torrential rains and flooding, and authorities' tough response to outbreaks of the highly-transmissible coronavirus Delta variant, economists say.