12 hours ago
With compliance rates high, there is no need to raise penalties for late retrenchment notifications: Tan See Leng
Koh Kim Xuan - He notes that most late submissions were due to administrative oversights
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Qantas CEO more optimistic on fuel with supplies to mid-June
QANTAS Airways chief executive officer Vanessa Hudson said she has turned more upbeat about jet fuel availability, a fresh sign of optimism...
12 hours ago
Australian shares fall as RBA rate hike hits financials, miners
AUSTRALIAN shares pared most of their earlier losses to close marginally lower on Tuesday after a widely expected rate hike from the...
12 hours ago
UOB becomes first bank to move into Punggol Digital District
Belle Neo - United Overseas Bank (UOB) has become the first bank to anchor operations in the Punggol Digital District (PDD), relocating thousands of its technology and staff to the new facility in a bid to reinforce its digital-first strategy. The move follows earlier plans first announced in 2023, when the ban ...
13 hours ago
Australian dollar gets little lift from central bank rate hike as Iran war concerns dominate
Markets anticipate a 20 per cent chance of an additional move in June
13 hours ago
South-east Asia risks missing global chip boom as fab investments bypass region
Tan Ai Leng - Only a handful of new plants planned as region races to move beyond back-end manufacturing
13 hours ago
Sabadell to join European stablecoin consortium, other Spanish banks may too
MADRID, May 5 : Sabadell will join a group of European banks that have formed a company to launch a euro-pegged stablecoin in the second half of 2026, the Spanish bank's CEO Cesar Gonzalez-Bueno said on Tuesday.The Qivalis consortium is seen as a move to help counter U.S. dominance in digital p ...
13 hours ago
Spain's Sabadell, Bankinter set to join European stablecoin consortium, Expansion says
MADRID, May 5 : Spanish lenders Sabadell and Bankinter are planning to join European banks that have formed a company to launch a euro-pegged stablecoin in the second half of 2026, Spanish newspaper Expansion reported on Tuesday.Non-listed Spanish entities such as Abanca, Kutxabank and Cecabank woul ...
13 hours ago
HSBC misses profit estimates on fraud-related credit loss, Iran war risks
Its shares declined as much as 4.25% in early afternoon Hong Kong trading
13 hours ago
HSBC profit misses estimates after fraud-related credit loss, Iran war risks
Its shares declined as much as 4.25% in early afternoon Hong Kong trading
13 hours ago
Australia’s central bank ramps up inflation fight with third rate hike this year
Markets price in further rate hikes, with peak seen at 4.60% by September
14 hours ago
China’s carmakers chase ‘Yaris moment’ to ignite overseas growth
Overseas markets offer room to grow – and to charge more – if Chinese brands can persuade consumers they understand local...
14 hours ago
Thai Cabinet approves $12.2 billion emergency borrowing decree, PM says
BANGKOK, May 5 : Thailand's Cabinet on Tuesday approved an emergency decree to borrow 400 billion baht ($12.2 billion) to alleviate cost of living pressures and support energy costs, Prime Minister Anutin Charnvirakul said.• The borrowing is necessary because higher energy prices will impact ...
14 hours ago
CK Hutchison unit to exit VodafoneThree stake in £4.3 billion deal
The UK company is currently owned 51% by Vodafone Group and 49% by CKHGT
14 hours ago
Exclusive-Tesla faces EU skepticism over automated-driving tech, records show
May 5 : Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's " ...
14 hours ago
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Tessa Oh - Cyber Security Agency of Singapore also issues letter urging critical information infrastructure owners to commission a board-level review
14 hours ago
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Tessa Oh - Cyber Security Agency of Singapore also issues letter urging critical information infrastructure owners to commission a board-level review
15 hours ago
Singapore retail sales grow 4.8% in March, but cool from Chinese New Year-driven February surge
Tessa Oh - [SINGAPORE] Retail sales in Singapore rose 4.8 per cent year on year in March 2026, slowing from the 8.3 per cent surge...
15 hours ago
Samsung Electronics' board chairman urges union to resolve pay disputes
SEOUL, May 5 : The board chairman of Samsung Electronics has urged unionised workers to resolve pay disputes with management, warning that a planned strike could hurt investors and employees and have "serious consequences" for the Korean economy.In an internal memo to employees on Tuesday, ...
15 hours ago
Indonesia intervenes in markets as rupiah sets new record low
The Indian rupee also falling to a new record low
15 hours ago
Indonesia posts fastest economic growth in more than three years in Q1
JAKARTA, May 5 : Indonesia's economy grew at its fastest annual pace in more than three years at the start of 2026, boosted by a surge in government spending and holiday celebrations, official data showed on Tuesday.GDP grew 5.61 per cent in the January-March quarter from a year earlier, Statis ...
15 hours ago
Indonesia's Q1 GDP growth of 5.61% beats market expectations
JAKARTA, May 5 : Indonesia's economy grew 5.61 per cent in the January-March quarter from a year earlier, official data showed on Tuesday, faster than the 5.30 per cent growth expected by analysts in a Reuters poll.The first-quarter growth rate was the fastest since the third quarter of 2022, S ...
15 hours ago
LTA apologises for e-mail gaffe in circular sent to potential EV charger owners
Derryn Wong - A follow-up e-mail has been sent to apologise to users
15 hours ago
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
Derryn Wong - A follow-up e-mail has been sent to apologise to users
15 hours ago
LTA circular to potential EV charger owners revealed hundreds of e-mail addresses in carbon copy
Derryn Wong - A follow-up e-mail has been sent to apologise to users
16 hours ago
Star Sports Medicine jumps 118% as Hong Kong debut frenzy extends
HK listings are surging as investors gain confidence in Chinese healthcare and tech sectors
16 hours ago
Star Sports Medicine jumps 204% as Hong Kong debut frenzy extends
HK listings are surging as investors gain confidence in Chinese healthcare and tech sectors
16 hours ago
Apple explores using Intel and Samsung to build main device chips in the US
The latest iPhones and Macs use what is known as the 3-nanometre fabrication node
16 hours ago
Paramount Skydance first-quarter profit benefits from cost-cutting
The results are the first since the media giant struck a US$110 billion deal to acquire Warner Bros Discovery
16 hours ago
Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports
May 4 : Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.Apple executives have made visits to a Samsung plant under development in Texas an ...
16 hours ago
Apple explores using Intel, Samsung to build main device chips in the US, Bloomberg News reports
May 4 : Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.Reuters could not immediately verify the report.
17 hours ago
Australia’s Regis to take over Vault, creating A$10.7 billion gold producer
The combination would create a miner with production of 700,000 ounces of gold a year
17 hours ago
OCBC, CGSI lower respective target prices for MLT; awaits stabilisation in China portfolio
The Edge Singapore - Andy Wong of OCBC Group Research has upgraded his call for Mapletree Logistics Trust to "buy" as he sees value emerging even amid a challenging operating environment. For one, MTL's significant portfolio in China will need more time to stabilise. "Persistent foreign exchange head ...
17 hours ago
DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady
Shikhar Gupta - Its diversified supply base mitigates the risk of major disruptions from the Middle East conflict, says RHB