10 hours ago
1,300 Toyota Prius units recalled in Singapore over rear doors that could open while car is moving
Rectification involves modifying door switch circuits, done free of charge, and for new cars before delivery
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
11 hours ago
How Budget 2026 should affect Singaporean wallets
A wake-up call for early careerists, aspiring parents and middle-class professionals to master personal finance
11 hours ago
SAP’s new bonus system sparks outcry over rewards for underperforming bosses
The German software company has seen high executive board turnover in the past six years
11 hours ago
Exclusive-Indonesia bourse to phase in 15% free-float rule, may batch firms by readiness
JAKARTA, Feb 27 : The Indonesia Stock Exchange will implement in stages an upcoming requirement for companies to double their minimum free float, or freely tradable stocks, to 15 per cent, its interim chief executive told Reuters on Friday.The bourse may divide companies into batches according to th ...
11 hours ago
Insta360 maker says it will import, sell products in US 'without restrictions' after USITC ruling
BEIJING, Feb 27 : Shenzhen-based Arashi Vision, which makes the Insta360 line of camera products, on Friday said it "will continue to import and sell existing products in the U.S. without restrictions" after a final ruling by USITC.California-based action camera maker GoPro had in 2024 cla ...
11 hours ago
Kia America to recall about 85,000 US vehicles over seat back frame issue
Feb 27 : Kia America is recalling 85,448 vehicles in the U.S. over failure of a seat back frame failing to properly restrain an occupant during a crash, the U.S. National Highway Traffic Safety Administration said on Friday.
12 hours ago
British Airways owner IAG beats profit estimates as premium demand lifts earnings
It benefited from lower fuel costs and resilience on its core transatlantic routes
12 hours ago
Upcoming residential tower in SingLand’s redeveloped Marina Square complex said to yield 702 units
Jovi Ho - The upcoming Marina Square redevelopment by UOL Group and Singapore Land Group (SingLand) will yield 702 residential units, according to PropNex's co-founder and executive chairman Ismail Gafoor. While UOL and SingLand have yet to reveal more information about the Marina Square complex since th ...
12 hours ago
Olam reports patmi of $444.1 million for FY2025
Lin Daoyi - For FY2025 ended Dec 31, Mainboard-listed Olam Group, reported profit after tax and minority interests of $444.1 million, representing a y-o-y increase of 414%. Excluding subsidiary Olam Agri, patmi would be $170.3 million, in contrast to a loss of $222.4 million for the previous year. Overall turno ...
12 hours ago
Olam reports patmi of US$444.1 million for FY2025
Lin Daoyi - For FY2025 ended Dec 31, Mainboard-listed Olam Group, reported profit after tax and minority interests of US$444.1 million, representing a y-o-y increase of 414%. Excluding subsidiary Olam Agri, patmi would be US$170.3 million, in contrast to a loss of US$222.4 million for the previous year. Overall ...
12 hours ago
Saying yes, for less: Why lab-grown diamonds have cornered 80% of the engagement ring market
Shikhar Gupta - New-age diamond ring retailers have business models that are leaner, faster and unburdened by mined inventory
13 hours ago
Asian currency markets in the Year of the Fire Horse; ready to gallop?
Guan Yi Low, Head of Asia Fixed Income at M&G Investments - Asian currency markets enter the Year of the Fire Horse at a delicate but potentially consequential juncture. The Year of the Green Wood Snake closed on firmer footing. After four consecutive years of depreciation against the US dollar, Asian currencies edged cautiously higher. The Bloomberg Asia Do ...
13 hours ago
iREIT Global 2HFY2025 DPU down nearly 60% y-o-y, aggregate leverage at 44.6%
Teo Zheng Long - iREIT Global (SGX: UD1U ) has reported a distribution per unit (DPU) of €0.3 cents for 2HFY2025, down 59.6% y-o-y. On a full year basis (FY2025), DPU declined at a lower rate of 42.6% y-o-y to €1.09 cents. Gross revenue for FY2025 decreased by 33.3% y-o-y to €50.4 million, while net property i ...
13 hours ago
Mizuho plans to replace 5,000 clerical jobs with AI in 10 years
Global banks are heavily investing in artificial intelligence to improve operations ranging from product development to risk management
13 hours ago
Poland plans social-media ban for children under 15, Bloomberg News reports
Feb 27 : Poland plans to introduce new legislation to ban social media for children under 15 years of age and will hold platforms responsible for age verification, Education Minister Barbara Nowacka told Bloomberg News in an interview published on Friday.The ruling Civic Coalition will present the d ...
13 hours ago
Polish ruling party plans social-media ban for children under 15
WARSAW, Feb 27 : The largest party in Poland's coalition government is preparing legislation that would bar children under 15 from using social media, opening the door to a potential clash with major U.S. tech firms.Education Minister Barbara Nowacka on Friday outlined plans to fine social medi ...
14 hours ago
Indonesian trade surplus widened in Jan to $2.76 billion, Reuters poll shows
JAKARTA, Feb 27 : Indonesia's trade surplus is expected to have widened in January from a month earlier as double-digit growth in exports offset higher imports, a Reuters poll showed on Friday.A dozen economists surveyed by Reuters between February 23 and February 27 forecast a median January t ...
14 hours ago
ST Engineering expects to repeat doubling of international defence contract wins this FY2026
The Edge Singapore - Singapore Technologies Engineering, having doubled the value of international defence contracts won in 2025 over the preceding year, is aiming to repeat this feat this current FY2026. According to Mervyn Tan, the company’s president for its defence and public security business, the company won aro ...
14 hours ago
Danske Bank cuts hundreds of jobs to add to Danish layoff wave
Most of the job cuts will fall in Denmark and Lithuania, the firm says
14 hours ago
Uni-Asia reverses into black for FY2025
Lin Daoyi - Alternative investment manager Uni-Asia Group has reported net profit after tax of US$0.8 million for FY2025 ended Dec 31, a reversal from the US$28.2 million loss from FY2024. In a bourse filing on Feb 26, the company which focuses on real estate and shipping, attributes the better performance to t ...
14 hours ago
New online tool launched for developers to estimate land betterment charges upfront for greater cost certainty
Ry-Anne Lim - Move is part of wider improvements in framework to provide developers with more transparency and clarity
14 hours ago
Online tool launched for developers to estimate land-betterment charges upfront for greater cost certainty
Ry-Anne Lim - The government is also exploring longer tenures for state properties, especially those that enable ‘innovative development’
14 hours ago
What AI windfall? Debt will still weigh on big economies
LONDON, Feb 27 : An AI productivity boom, if it materialises, may help buy major economies more time to clean up their strained public finances, economists say, although it won't do the heavy lifting. The stakes couldn't be higher. Debt is above 100 per cent of output across most rich econ ...
14 hours ago
Analysis:AI boom will be no free pass for debt-laden major economies
LONDON, Feb 27 : An AI productivity boom, if it materialises, may help buy major economies more time to clean up their strained public finances, economists say, although it won't do the heavy lifting. The stakes couldn't be higher. Debt is above 100 per cent of output across most rich econ ...
14 hours ago
Coupang swings to loss as data breach dents Q4; sees muted near-term growth
For the first quarter, the company expects consolidated constant-currency revenue growth of 5% to 10%
15 hours ago
Singapore’s SIT and Hitachi to co-develop hybrid AC/DC rack power testbed for data centres
Nurdianah Md Nur - Hitachi will be working with the Singapore Institute of Technology (SIT) to co-develop a hybrid AC/DC rack-level power distribution testbed. The project will connect to SIT’s Multi-Energy Microgrid at its Punggol campus, a system that integrates solar photovoltaic (pV) generation and other distrib ...
15 hours ago
Redas, NUS tie up to offer trainee, internship programme for real estate talent pipeline
Ry-Anne Lim - It will provide students with exposure to real estate careers in both the public and private sectors
15 hours ago
Nintendo plans around 300 billion yen share sale by Kyoto bank and others: sources
Regulators and the Tokyo Stock Exchange have been encouraging Japanese companies to unwind their cross-shareholdings
15 hours ago
Nintendo announces 290 billion yen share sale by Kyoto bank and others
Nintendo’s shares pared gains and closed up nearly 3% following a Reuters report
15 hours ago
Digital Realty to open AI testing labs in Singapore and Japan this year
Nurdianah Md Nur - Digital Realty is expanding its Digital Realty Innovation Lab (DRIL) network to Singapore and Japan as enterprises in Asia Pacific accelerate artificial intelligence (AI) deployments. The new DRIL sites will provide live environments where customers and partners can test AI and hybrid cloud architec ...
15 hours ago
Analysts raise target prices for Food Empire with strong growth expected across key markets
Chloe Lim - This also comes after core Patmi for 2025 rose 38% year on year, beating expectations
15 hours ago
Hyundai Motor to invest 9 trillion won in AI, robotics centre
The facilities will be built in the Saemangeum area, which is about 270 kilometres southwest of Seoul
15 hours ago
Sunway Healthcare seeks RM2.9 billion from Malaysia IPO
The company is looking to add as many as five more hospitals in the coming years, with three under construction
16 hours ago
Death and taxes are certain for Singapore smokers
Douglas Toh - Two weeks ago, Singapore raised the tax on tobacco products by 20%. The aim, of course, is to curb smoking. But does the strategy work? Policymakers seem to think so. Levies on tobacco were implemented in 2018 and again in 2023. In 2020, tobacco companies were banned from displaying branding — rep ...