14 hours ago
Wing Tai unit buys freehold land in Kuala Lumpur for RM45 million
Ry-Anne Lim - Following its acquisition, the parcel will be developed into a residential project
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Swiss company Endress+Hauser launches tech and calibration centre in Singapore – its first in Asia
Jermaine Fok - It also plans to invest 10% of revenue annually in developing new products and technology
14 hours ago
Tencent’s quarterly revenue rises 13% on gaming, AI demand
The firm has been accelerating AI investments funded by its gaming arm
15 hours ago
Wing Tai’s Malaysian subsidiary obtains freehold land parcel at Mont Kiara for RM45 mil
Felicia Tan - Wing Tai Holdings’ wholly-owned subsidiary, Wing Kiara Sdn. Bhd., has agreed to acquire a freehold 11,092 sq m land parcel at Mont Kiara, Mukim Batu, Tempat Sungai Teba, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, for RM45 million ($14.7 million). The acquisition was completed on March ...
15 hours ago
Petrol price hike from Iran war could push consumers toward EVs, hybrids
But sharp increases at the pump are unlikely to significantly alter car-buying trends right away, analysts say
15 hours ago
Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies
Many petrol stations reopen after a third were closed last week
15 hours ago
Data centre firm DayOne seeks to boost loan to record US$7 billion: sources
The funding plans underscore how AI boom remains a key driver of debt deals in the Asia-Pacific
15 hours ago
Singapore lags global peers in AI returns despite matching adoption rates: report
Nurdianah Md Nur - Singapore is keeping pace with the rest of the world in deploying artificial intelligence (AI) but is falling well short when it comes to generating measurable returns. That gap is now translating into the lowest AI budget allocations among major markets surveyed. Only 33% of Singapore-based respond ...
15 hours ago
Hong Kong's December-February unemployment falls to 3.8%
HONG KONG, March 18 : Hong Kong's seasonally adjusted unemployment rate fell to 3.8 per cent in the December to February, from 3.9 per cent in the previous three-month period, the government said on Wednesday, with decreases mainly in retail, accommodation services, foundation and superstructur ...
15 hours ago
UniCredit CEO says has 'relatively constructive' approach to digital euro
MILAN, March 18 : The introduction of the digital euro will have a negative impact on banks' liquidity and profit margins by taking away a portion of retail deposits, which are the cheapest source of funding, UniCredit CEO Andrea Orcel said.Speaking at a Morgan Stanley conference in London, Orc ...
15 hours ago
Chinese tourists ditch Japan for third month running
TOKYO: Chinese visitors to Japan tumbled 45.2 per cent in February from a year earlier, official data showed on Wednesday (May 18), as the fallout from the countries' diplomatic spat
16 hours ago
All COE premiums rise; mainstream cars rise 3.4%, large cars up 1.4%
Derryn Wong - Observers say spike in motorcycle premium – nearly 12% – is due to combination of increased demand ahead of Hari Raya Puasa
16 hours ago
All COE premiums rise; mainstream cars up 3.4%, large cars up 1.4%
Derryn Wong - Motorcycle COE premiums post a major increase of nearly 12%
16 hours ago
Singapore hedge fund FengHe to open Hong Kong office
Its flagship Asia Fund up 17.8% for the first two months
16 hours ago
Malaysia’s PAAB Establishes sustainable Islamic finance framework with Maybank IB as sole sustainability structuring adv
Samantha Chiew - Malaysia's Pengurusan Aset Air Berhad (PAAB), wholly owned company of the Minister of Finance (Incorporated), has established Sustainable Islamic Finance Framework with Maybank Investment Bank (Maybank IB) acted as Sole Sustainability Structuring Adviser. Notably, the framework is the first in ...
16 hours ago
Thai pension fund needs reform, hits risk limit on selloff
BANGKOK, 18 : Thailand's $88 billion pension fund urgently needs to reform governance and diversify its investments, two of the fund's executives told Reuters, after a recent selloff triggered by the Middle East conflict raised a warning about massive loss risks.The country's largest ...
16 hours ago
Sembcorp shares end 4.3% higher as CGSI adds counter to top Singapore picks
Shikhar Gupta - Analysts say the stock is trading at an ‘undemanding’ valuation of nine times its estimated FY2027 PE ratio
16 hours ago
Sembcorp shares rise 4.4% as CGSI adds counter to top Singapore picks
Shikhar Gupta - Analysts say the stock is trading at an ‘undemanding’ valuation of nine times its estimated FY2027 PE ratio
16 hours ago
Samsung Elec and AMD sign MoU on AI memory, explore foundry partnership
SEOUL, March 18 : Samsung Electronics and Advanced Micro Devices (AMD) signed a memorandum of understanding to expand their strategic partnership on memory chip supplies for artificial intelligence infrastructure, the companies said on Wednesday. The agreement will focus on supplying Samsung's ...
16 hours ago
StanChart AI chief David Hardoon exiting less than a year after joining
Hardoon, who is based in Singapore, is on gardening leave
16 hours ago
StanChart’s AI chief David Hardoon exiting less than a year after joining
Hardoon, who is based in Singapore, is on gardening leave
16 hours ago
RHB's Syahril Hanafiah initiates coverage on Nam Cheong with 'buy' call and $2.05 target price
The Edge Singapore - Syahril Hanafiah of RHB Bank Singapore has initiated coverage of Nam Cheong with a "buy" call and target price of $2.05, on the premise that the company is well-positioned for multi-year growth, thanks to its young fleet of offshore support vessels on long-term charters. More recently, the ...
17 hours ago
Rio Tinto partners AI Singapore to build AI capabilities, freight invoice processing solution
Therese Soh - Facilitated by Enterprise Singapore, the tie-up also supports development of Republic’s AI talent
17 hours ago
Freehold industrial site along Woodlands Road up for sale at guide price of $4 mil
Jovi Ho - A freehold industrial development site located along Woodlands Road measuring around 2,888 sq ft is up for sale at a guide price of $4 million, or $1,385 per sq ft on land area. Under the Urban Redevelopment Authority’s Master Plan 2025, the site is designated for “Business 2” use, permitting ...
17 hours ago
Future of Komala Vilas in doubt as iconic restaurant remains shut after two months
The restaurant is listed as an SG Heritage Business by the National Heritage Board
17 hours ago
Toyota Tsusho partners with JOGMEC for heavy rare earth project in Namibia
18 hours ago
Penny stock crash masterminds John Soh, Quah Su-Ling fail in bid to cut jail sentences
The duo lost their appeal in October 2025
18 hours ago
Penny stock crash masterminds John Soh and Quah Su-Ling fail in bid to reduce jail sentences
The duo lost their appeal in October 2025
18 hours ago
Underwater drone maker Exail's profit leaps as 'high-intensity conflicts' spur demand
March 18 : French underwater drone maker Exail Technologies' core profit grew 40 per cent to 103 million euros ($119 million) in 2025 driven by big contract wins for its mine countermeasure drone system, it said on Wednesday.Oil markets, already reeling amid the escalating conflict in the Middl ...
18 hours ago
Drone systems propel Exail's profits, order intake
March 18 : French underwater drone maker Exail Technologies said on Wednesday its full-year core profit grew 40 per cent to 103 million euros ($119 million) driven by big contract wins in its mine countermeasure (MCM) drone system.Its order intake for the year surged 87 per cent to 844 million euros ...
18 hours ago
CGS International reiterates Sembcorp as top pick with $7.68 target price
The Edge Singapore - For all the recent volatility in the global energy market, Lim Siew Khee and Meghana Kande of CGS International have reiterated their upbeat call on Sembcorp Industries. Citing its 'undemanding' valuation of 9x FY2027 earnings and potential for a higher dividend payout, Sembcorp, for CGSI, ...
18 hours ago
Gasoline price hike from Iran war could push consumers toward EVs, hybrids
GUILDFORD, England/RICHMOND, Virginia, March 18 : The rising price of gasoline from the Iran war has triggered angst and uncertainty for carmakers, dealers and vehicle owners at the pump. For Martin Miller, it presents an opportunity. Miller owns a used electric-car dealership southwest of London an ...
18 hours ago
Geely profit beats estimates as sales approach those of BYD
The Hong Kong-listed arm of billionaire Li Shufu’s auto empire is just over a year into a major overhaul it began in...
18 hours ago
Exclusive-Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week
LONDON/SAN FRANCISCO, March 18 : U.S. tech giant Meta has repeatedly failed to stop illegal ads for high-risk financial products running on its platforms in Britain, despite committing to block them, according to a review by the country's financial regulator.Britain's Financial Conduct Aut ...