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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1 day ago
Man jailed for 'sexting' underaged girl; police unable to ascertain victim’s identity
jeremylee - Victor Loh5 hours 9 min agoSINGAPORE — In what is believed to be the first of such a case to be heard before the
1 day ago
Speed at which power was restored after blackout showed power system working as it should: Chan Chun Sing
jeremylee - Janice Lim5 hours 53 min agoSINGAPORE — Specific components used in the power generating units could be behind th
1 day ago
Wells Fargo to cut headcount by 5-10 percent in next three years
Robert J Samuelson - Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years.
1 day ago
Smaller club this year, but with new entrants
The Edge Singapore - SINGAPORE (Sept 21): There are quite a number of new entrants to The Edge Billion Dollar Club 2018 rankings this year, as more companies became eligible for scoring. To qualify for scoring, companies must also have been listed for four full calendar years, issued four annual reports and reported no ...
1 day ago
Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?
Robert J Samuelson - Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.
1 day ago
Singapore stocks: STI resumes Friday afternoon trading higher at 3,213.52, up 1% on day
Rachel Mui - SINGAPORE stocks resumed trading on Friday afternoon in positive territory, with the Straits Times Index advancing 33.09 points, or one per cent to 3,213.52 as at 1pm. 
1 day ago
Changi Airport sees 7.9 per cent year-on-year rise in passenger traffic in August
jeremylee - 7 hours 14 min agoSINGAPORE — August was a good month for Singapore Changi Airport with passenger traff
1 day ago
Unified QR code boosts banks' cashless agendas
Staff Reporter - Submitted By:  Sandra Sendingan Case Study:  No Lenders are poised to enjoy wider market reach and public acceptance. The roll-out of the world’s first unified QR code in Singapore is a big boost for the city’s top banks who have long jumped on the cashless bandwagon and are n ...
1 day ago
Housing in Malaysia: Issue is not availability but affordability
Tong Kooi Ong - SINGAPORE (Sept 24): There has been much discussion on the adequacy of the current (affordable) housing supply and, crucially, the lack of homeownership in Malaysia.  Statistics suggest that there are enough houses built in the country. Property developers have been churning out houses at a healthy ...
1 day ago
Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds
Michelle Zhu - SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board. Cennerv is a Singapore-based pharmaceutical developer specialising in treatments for central nervous system (CNS) disorders with a ...
1 day ago
Consumers have choice to buy electricity from 12 retailers from November
jeremylee - Janice Lim7 hours 36 min agoSINGAPORE — Starting from Nov 1, 1.4 million households and small businesses will hav
1 day ago
US multi-family properties a strategic fit for CapitaLand
PC Lee - SINGAPORE (Sept 21): CapitaLand is acquiring a portfolio of 16 multi-family properties in the US West Coast and Denver region for US$835 million ($1.14 billion). The portfolio consists of 3,787 apartments with about 1,000 units in each cluster at an average price of US$220,000/unit. The average occu ...
1 day ago
Singapore's open electricity market to be extended islandwide in phases from Nov 1
Janice Heng - THE open electricity market will be extended to all consumers in Singapore, zone by zone, starting from Nov 1, the Energy Market Authority (EMA) announced on Friday.
1 day ago
Singapore dethroned by Hong Kong as world's most efficient healthcare system: Bloomberg.
Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No The Lion City lagged behind in life expectancy and relative cost. Hong Kong has once again beat Singapore, Japan and Norway for the title of the most efficient healthcare system in the world, according to the Bloomberg Health Care Efficiency ...
1 day ago
S’poreans ‘naive’ about fake news threat; Beijing’s influence operations threaten social compact: Bilahari Kausikan
jeremylee - 8 hours 27 min agoSINGAPORE — Many Singaporeans are "naive" about the threat posed by fake ne
1 day ago
Eight Roads expands to Southeast Asia with new Singapore office
Michelle Zhu - SINGAPORE (Sept 21): Eight Roads, the investment arm of Fidelity International Limited (FIL), has expanded its global network to Southeast Asia with the recent opening of its new office in Singapore.   Raj Dugar (pictured, main image), managing partner, Asia, will relocate from India to Singapore t ...
1 day ago
Apple fans get hands on new iPhone XS and XS Max; wait - and price - 'worth it', they say
maelynn - Nuria Ling9 hours 1 min agoSINGAPORE – Among the hundreds of Apple fans who turned up at the Orchard Road store
1 day ago
Better farm income could buoy ThaiBev
Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No The Thai government is pushing initiatives to support prices of agricultural goods. Thai Beverage could bolster its domestic alcohol consumption as farm income sustains improvement, RHB said. “Whilst some of the agricultural sub-sectors ...
1 day ago
2 iHiS staff take stand for first COI public hearing on SingHealth cyberattacks
jeremylee - Alfred Chua8 hours 39 min agoSINGAPORE — Two staff from the Health Ministry's IT arm took the stand on Friday
1 day ago
Singapore's next leader to be chosen in 'not-too-distant future'
Bloomberg - SINGAPORE (Sept 21): Singapore’s well-publicised succession plan has been in place for several years and a decision on the next prime minister isn’t too far away, according to Singapore Education Minister Ong Ye Kung, one of several men seen as a leading candidate for the job. In an interview wi ...
1 day ago
Ascott REIT’s maiden greenfield lyf project to enjoy higher yields
PC Lee - SINGAPORE (Sept 21): Ascott Residence Trust has acquired a prime greenfield site for $62.4 million for its maiden development project. It will build the first co-living property in Singapore’s research and innovation business hub, one-north, Nepal Hill. The property, which will be branded and name ...
1 day ago
ThaiBev's share price cannot get any more sober than this
Michelle Zhu - SINGAPORE (Sept 21): RHB Research is maintaining “buy” on Thai Beverage (ThaiBev) with an unchanged target price of 88 cents despite expectations of 4Q18 alcohol volumes to continue their decline due to the high base effect in 4Q17, which saw trade agents stocking up prior to the excise tax hike ...
1 day ago
Changi Airport passenger traffic up 7.9% in August
Robert J Samuelson - SINGAPORE: Changi Airport handled more passengers in August compared to the year before, with traffic boosted by growth from all regions. The airport registered 5.68 million passenger movements last month, a 7.9 per cent increase compared to August 2017, Changi Airport Group said in a release on .. ...
1 day ago
Debt is not the problem; sustainability is
Jeffrey Tan - SINGAPORE (Sept 21): There were at least 102 Singapore-listed companies with net gearing ratios of above 100%, with 17 operate in the property management and development industry, according to 12-month trailing data from Bloomberg. Even so, there are wide differences in the financial strength of ind ...
1 day ago
Changi Airport's August passenger movements grew 7.9% to 5.68 million
Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Airfreight throughput rose 1.8% to 184,000 tonnes. Passenger movements in Changi Airport jumped 7.9% YoY to 5.68m in August, an announcement revealed. Aircraft movements increased 3.6% to 32,890 landings and takeoffs, whilst airfreight throug ...
1 day ago
Insomnia drug developer Cennerv lodges preliminary documents for Catalist IPO
Leila Lai - SINGAPORE-based biotech Cennerv Pharmaceuticals, a developer of drugs to treat central nervous system (CNS) disorders, lodged a preliminary prospectus on Wednesday for a planned initial public offering (IPO) on the Singapore Exchange's Catalist board.
1 day ago
Cennerv Pharmaceuticals lodges preliminary documents for Catalist IPO
Leila Lai - SINGAPORE-based drug development company Cennerv Pharmaceuticals Ltd lodged a preliminary prospectus on Wednesday for a planned initial public offering (IPO) on the Singapore Exchange's Catalist board.
1 day ago
Walmart warns Trump tariffs may force price hikes: letter
Robert J Samuelson - Walmart Inc has issued a warning in a letter to U.S. Trade Representative Robert Lighthizer that it may have to raise prices due to tariffs on Chinese imports, CNN Money reported.
1 day ago
SG’s Transcelestial raises $1.8m seed funding co-led by Wavemaker and SEED Capital
Kristie Neo - Transcelestial is working to build the world’s first space laser network to deliver commercial high-speed internet. The post SG’s Transcelestial raises $1.8m seed funding co-led by Wavemaker and SEED Capital appeared first on DealStreetAsia.
1 day ago
Transcelestial raises S$2.5m in seed funding to deliver Internet with satellites, lasers
Jacquelyn Cheok - TRANSCELESTIAL Technologies, a Singapore-based space technology startup, said on Friday that it raised S$2.5 million in December from a seed funding round led by Wavemaker Partners and Enterprise SG's SEEDS Capital to develop a technology "in stealth".
1 day ago
Singapore hungry for more foreign tech talent
Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It needs more workers to lure more investments and businesses. Faced with an ageing population and a crunch in high-tech workers, Singapore is still on the lookout for foreign talent to deal with software programming whilst the city-state is ...
1 day ago
China tightens embrace of Hong Kong with bullet train, other mega projects
Robert J Samuelson - HONG KONG: Hong Kong's first bullet train glides out of a sleek harbourfront railway station bound for mainland China on Saturday (Sep 22), launching a new era of integration and raising fears for some for the territory's cherished freedoms. Unlike other cross-border connections, the US$11 billion . ...
1 day ago
Singapore needs foreign tech talent and fun education: Ong Ye Kung
maelynn - 11 hours 13 min agoSINGAPORE — Grappling with an aging population and a shortage of high-tech workers, S
1 day ago
Singapore shares rise at Friday's open; STI up 0.94% to 3,210.44
Leila Lai - SINGAPORE stocks opened stronger on Friday, with the Straits Times Index heading up 0.94 per cent or 30.01 points to 3,210.44 as at 9.02am.
1 day ago
Eight Roads opens first SEA office in SG, sees opportunity for $200m fund
Kristie Neo - Eight Roads Asia managing partner Raj Dugar said the company hopes to fill the Series B-D funding gap in Southeast Asia.  The post Eight Roads opens first SEA office in SG, sees opportunity for $200m fund appeared first on DealStreetAsia.
1 day ago
Stocks to watch: Mapletree Logistics Trust, Soilbuild Reit, Olam, OUE Lippo Healthcare
Vivien Shiao - THE following companies saw new developments which may affect trading of their shares on Friday:






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