2 days ago
Down with Covid-19 or flu? When you don't feel well, good nutrition is more important than ever
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Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Omicron is just the latest Covid variant until the world is immune
David Fickling - There’s a grim inevitability to the fact that the latest concerning strain of the Covid-19 virus — known as B.1.1.529, and now nicknamed the Omicron variant* — should have been first identified in South Africa. So far, SARS-CoV-2’s most devastating impacts have been in developed countries. T ...
2 days ago
Bitcoin offers no refuge from Covid market rout
Bloomberg - On a day when investors needed a place to hide, one alternative area of the market wasn’t providing any refuge: Bitcoin. The world’s largest cryptocurrency had its worst day in more than two months, slumping almost 8% to about US$54,350 as of Friday afternoon amid a rout in world stock markets o ...
2 days ago
China's industrial profits growth accelerates in Oct
BEIJING : Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.Profits in October rose 24.6per cent from a year earlier to 818.7 billion yuan (US$128.1 bil ...
2 days ago
New COVID-19 variant Omicron triggers global alarm, market sell-off
WASHINGTON: The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday (Nov 26) as countries rushed to suspend travel from southern Africa and stock markets on both sides of the Atlantic suffered their biggest falls in more than a year. The World Health Organisation (W ...
2 days ago
Commentary: Why is the Singapore REIT market going so strong after two years of COVID-19?
Familiarity with the Singapore property market and high money supply will continue to make S-REITs an attractive asset class, says OCBC’s Ezien Hoo.
2 days ago
Singapore stocks slump on new Covid-19 variant fears
Jude Chan - THE Straits Times Index (STI) slumped 1.7 per cent or 55.25 points to close at 3,166.27 points as fresh coronavirus fears infected markets across Asia.
2 days ago
Asian Healthcare Specialists H2 profit up 56.4% to S$2.45m
Kelly Ng - MEDICAL services group Asian Healthcare Specialists (AHS) posted a 56.4 per cent increase in net profit to S$2.45 million for the second half of the year.
2 days ago
Berjaya Corp divests stake in Razer Fintech
Benjamin Cher - benjamincher@sph.com.sg
2 days ago
Frasers Property proposes tie-up with JV partner involving investment, bridging loan
Venga Subramaniam - FRASERS Property, through its wholly-owned subsidiary Suzhou Sing He Xiang Management Consultancy (SHX), on Thursday (Nov 25) entered into a framework agreement with an unnamed joint-venture (JV) partner and its related entity to participate in a potential investment in land.
2 days ago
Cuscaden: Scheme should 'proceed expeditiously' if SPH shareholders vote against Keppel deal
Michelle Zhu - michellezhu@sph.com.sg
2 days ago
China Everbright signs 1.43b yuan deal to expand wastewater treatment plant
Kelly Ng - WASTEWATER treatment company China Everbright Water has signed a framework agreement with the water authority bureau in the Chinese port city of Qingdao worth 1.43 billion yuan (S$307 million), in relation to a wastewater treatment plant expansion and upgrading project.
2 days ago
Unusual in JV to expand into NFT market
Venga Subramaniam - CATALIST-LISTED Unusual Limited on Friday (Nov 26) announced its wholly-owned subsidiary Unusual Development has entered into a joint venture (JV) with Season Culture and an unnamed third party angel investor to expand into the "fast-growing" non-fungible token (NFT) market.
2 days ago
Pacific International Lines creditors to receive US$1b repayment ahead of schedule
Michelle Zhu - PACIFIC International Lines (PIL) is making an earlier-than-expected full repayment of US$1 billion in scheme debts, the boxship operator announced on Friday (Nov 26).
2 days ago
Marco Polo Marine returns to profit for H2
Wong Pei Ting - MARCO Polo Marine reversed into the black for its half year ended Sep 30, 2021, driven by growth from both its ship chartering and shipbuilding and repair operations segments, the integrated marine logistics company said in a bourse filing on Friday (Nov 26).
2 days ago
ThaiBev mulls price hike on key products amid cost pressures
Uma Devi - THAI Beverage Public Company (ThaiBev) on Friday (Nov 26) reported net profit of 24.6 billion baht (S$1 billion) for the full fiscal year 2021 ended September, some 8.3 per cent higher than earnings of 22.8 billion baht in the year-ago period.
2 days ago
SIA, Garuda ink memo to explore 'wide-ranging commercial partnership'
Kelly Ng - SINGAPORE Airlines (SIA) and Garuda Indonesia have signed a memorandum of understanding (MOU) to explore a "wide-ranging commercial partnership" that provides customers additional options and improves their travel experience, the 2 national flag carriers said on Friday (Nov 26).
2 days ago
Asia markets battered in knee-jerk reaction to new Covid variant
Vivienne Tay - ASIA markets closed the week battered after fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong triggered a major sell-off in the region. Scientists have warned that the new B11529 strain could be more infectious than the Delta variant, and more resistant to vaccines ...
2 days ago
More than half of financial disputes filed in Singapore were against banks, finance companies
SHREEDHEE SAJEEV - MORE than half the claims filed with the Financial Industry Disputes Resolution Centre (Fidrec) for the financial year ended June 30, 2021 were against banks and finance companies.
2 days ago
Singapore services receipts up 16% in Q3
Janice Heng - SINGAPORE'S services industries saw business receipts rise 16 per cent year on year for the third quarter, showed Department of Statistics (Singstat) figures on Friday (Nov 26).
2 days ago
Singapore factory output to stay positive - but electronics slowdown may kick in soon
Annabeth Leow - SINGAPORE'S industrial output bounced back in October from the drop the month before, and is expected to stay positive in 2022 - but factory growth will be slower from here as electronics cools from its breakneck pace, economists have warned.
2 days ago
See you in the metaverse
Sharanya Pillai - FOR fans of the rapper Snoop Dogg, a Hong Kong company wants to offer an opportunity to visit his mansion – not here in our physical reality, but in a 3D video game. In this virtual world, dubbed “The Sandbox”, players can head to a digital recreation of the Dogg mansion, enjoy virtual concer ...
2 days ago
Singapore adds 6 countries to its VTL scheme, raises traveller quota to 15,000
Tay Peck Gek - SINGAPORE is launching Vaccinated Travel Lanes (VTLs) with Thailand from Dec 14 and with Cambodia, Fiji, Maldives, Sri Lanka and Turkey from Dec 16, said the Ministry of Health on Friday (Nov 26).
2 days ago
Blue Prism shareholder Coast opposes Vista's new takeover offer
Blue Prism shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity's final takeover offer of 1.22 billion pounds (US$1.62 billion) for the British software firm on grounds it undervalues the company.U.S.-based Coast, which owns around 2.8per cent of Blue Pr ...
2 days ago
Apple global battery development chief moves to Volkswagen
SAN FRANCISCO: Apple's global battery development chief, Ahn Soonho, has moved to Volkswagen to lead the automaker's development of electric vehicle batteries, according to his Linkedin profile. This is the second time in recent months that an Apple executive has left for an automaker. App ...
2 days ago
Facebook offers remedies to address EU concerns about Kustomer deal
BRUSSELS : Facebook has offered remedies in a bid to secure EU antitrust approval for its acquisition of U.S. customer service startup Kustomer, a European Commission filing showed.Facebook, now Meta Platforms, submitted its package on Wednesday.The EU competition enforcer, which did not provide de
2 days ago
WhatsApp wins approval to double payments offering to 40 million users in India - source
NEW DELHI : WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge told Reuters on Friday.The company had requested that there should be no cap on users of its payment service in India.Instead, the National P
2 days ago
Italy and France sign agreement on space launchers
MILAN: Italy and France clinched an accord on Friday (Nov 26) to strengthen their cooperation on space launchers as part of a broader bilateral treaty. Among the goals laid out in the bilateral treaty were pledges to reinforce military connections, including at an industrial level, and work togethe ...
2 days ago
Apple's iPhone prices bite in Turkey despite Black Friday
ISTANBUL: Instead of Black Friday discounts, consumers in Turkey were faced with steep price hikes for Apple products after the value of the lira hit new record lows this week. Certain Apple devices were 25 per cent more expensive than usual on Friday (Nov 26) - with some increases worth more than ...
2 days ago
Anti-Black Friday groups push for greener, less consumerist future
PARIS: While many US and European shoppers went on a spree on Black Friday, some groups hit out with boycotts and campaigns against what they deem unfair business practices and the unbridled consumerism of the end-of-year holidays. In the United States, the day after Thanksgiving - celebrated the f ...
2 days ago
VietJet signs US$150 million aviation services deal with SR Technics
HANOI : Vietnam's VietJet Aviation on Friday signed a US$150 million agreement with Switzerland's SR Technics Switzerland AG for the latter's aviation services, the airline said.Under the agreement signed in Bern in the presence of Vietnamese president Nguyen Xuan Phuc, SR Technics wi ...
2 days ago
Analysis-New COVID scare sparks rate rethink in markets
LONDON : Risks of a new COVID hit to economic activity are clobbering expectations for rate hikes next year from the world's major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive.Money markets no longer fully price a 25-basis-point in ...
2 days ago
OPEC+ monitoring new virus variant, some concerned over outlook - sources
LONDON/MOSCOW : OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a week before a meeting to set policy.The Organization of the Petroleum Exporting Countries and allies, known ...
2 days ago
Oil producers cannot hold consumers to ransom, says India oil minister
NEW DELHI : India said on Friday that oil producing countries cannot hold consumers to ransom, underlining the nation's growing frustration with OPEC+ for not raising production to cool prices.India, the world's third-biggest oil importer and consumer, imports about 85per cent of its oil n ...
2 days ago
Company leaders should go beyond initiating mental health initiatives and speak up about own struggles: TODAY webinar panellists
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2 days ago
Covid-19: 1,090 new cases and 3 more deaths in Singapore; weekly infection growth rate at 0.74
asyrafkamil -