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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12 hours ago

Vietnam's growth climbs, resisting global downturn

Lee Meixian - HANOI: Vietnam's economic growth picked up in the third quarter, boosted by a rally in exports as the country slowly emerges from a virus-induced slowdown. Vietnam has long been one of Asia's fastest-growing economies, and it is heavily reliant on exports, particularly after reaping the benefits .. ...

12 hours ago

Charge+ to install 10,000 charging points across Singapore

Staff Reporter - Uploaded By:  Nathanielle Punay Submitted By:  Staff Reporter Case Study:  No Sunseap Group hopes to provide a game-changer in EV adoption. Sunseap Group has set up its green mobility business called Charge+, with plans to install 10,000 charging points across Singapore, in hopes to ...

12 hours ago

CMT and CCT proposed merger given green light by unitholders

Felicia Tan - The proposed merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) to create a diversified commercial REIT to be named CapitaLand Integrated Commercial Trust (CICT), has received a resounding yes from unitholders on September 29. See: CMT, CCT propose merger to create ...

12 hours ago

S-REITs could embark on acquisition spree amid gradual recovery: DBS

Jeffrey Tan - As DBS Group Research sees signs of a gradual recovery in the real estate sector, the brokerage is expecting Singapore real estate investment trusts (REITs) to embark on an acquisition spree. This could especially be the case for industrial and office REITs, it notes. DBS says such opportunities wil ...

12 hours ago

Temasek to issue three-tranche USD bonds

Staff Reporter - Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No It will be issued under their US$25b global medium-term note programme. Temasek Financial (I) Limited (TFin-I), a wholly-owned subsidiary by Temasek Holdings, intends to launch a three-tranche offering comprisi ...

12 hours ago

Built Environment Living Lab Framework to enable test-bedding of innovative solutions

Nisha Ramchandani - THE Built Environment Living Lab Framework (BE LLF) has been launched to enable test-bedding of innovative solutions in urban spaces.

12 hours ago

SBF-Experian SME Index records historic low at 46.3

Staff Reporter - Uploaded By:  Nathanielle Punay Submitted By:  Staff Reporter Case Study:  No The ongoing pandemic situation has slowed economic activity. The business sentiments of Singapore’s small and medium enterprises (SMEs) for the next six months dropped to a historic low amidst ongoing ...

12 hours ago

Walmart in talks for up to US$25 bln investment in Tata's 'super app' - Mint

Lee Meixian - Walmart Inc is in talks with Tata Group for an investment of up to US$25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.

12 hours ago

FCT raise $575m from private placement

Staff Reporter - Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The placement was approximately 2.8 times oversubscribed. Frasers Centrepoint Trust (FCT) has raised $575m from its equity fund raising (EFR), the company revealed in a local bourse filing. The private placemen ...

12 hours ago

Japan's NTT launches US$40 billion buyout of wireless unit Docomo

Lee Meixian - Japan's state-backed Nippon Telegraph and Telephone Corp (NTT) said it will take its wireless carrier business private in a deal worth 4.25 trillion yen (US$40 billion) and which could spark a period of mobile price cuts.

12 hours ago

Singapore and Norway sign MOU to strengthen collaboration on digital and sustainable innovation

The Editor - Enterprise Singapore (ESG) and Innovation Norway have signed a memorandum of understanding (MOU) on September 29 to strengthen innovation collaboration between Singapore and Norway. The MOU will focus on priority sectors including the blue economy such as maritime digitalisation and automation, sust ...

12 hours ago

Razer, Funding Societies partner to provide merchant loans

Claudia Chong - GAMING hardware and software firm Razer is teaming up with Funding Societies, a digital crowdfunding platform for merchant loans, to provide short-term business financing to merchants.

13 hours ago

Five things to watch in the first Trump-Biden debate

Reuters - President Donald Trump and former Vice President Joe Biden square off on Tuesday (Wednesdat SGT) in their first presidential debate. With five weeks to go until the Nov. 3 general election, the stakes are high. Here are five things to watch for during the 90-minute televised debate in Cleveland: &nb ...

13 hours ago

China needs a raft of reforms to make new economic strategy work: government advisers

Reuters - China will need a plethora of reforms if it is to make a new economic strategy that relies mainly on domestic consumption work, advisers to the Chinese cabinet said on Tuesday. President Xi Jinping has proposed a “dual circulation” strategy for the next phase of economic development in which Chi ...

13 hours ago

Financial losses and US-China trade war see Toshiba bow out of LSI chip business

Reuters - Toshiba Corp on Tuesday said it will exit the money-losing system LSI chip business as the Japanese conglomerate aims to boost the group’s profit margins. The chip business includes image recognition processors supplied to Toyota Motor Corp, although Toshiba said it would continue sales and suppor ...

13 hours ago

UOA unit proposes to sell Kuala Lumpur office tower at discount to UOA Reit

Rachel Chia - A SUBSIDIARY of Singapore and Australia-listed property group United Overseas Australia (UOA) is proposing the sale of UOA Corporate Tower in Kuala Lumpur to UOA Real Estate Investment Trust (UOA Reit) for RM700 million (S$230.5 million).

13 hours ago

Citi to open its largest wealth hub globally in Singapore in December

Jamie Lee - CITI will open its largest wealth hub globally in Singapore in December, tapping into growing wealth with a safely-distanced personal touch.

13 hours ago

Weibo parent Sina to delist US stocks in US$2.6 billion deal

Chinese Internet giant Sina has announced plans to delist its US shares and go private, making it the latest to withdraw from the country's stock markets as relations between Beijing and Washington sour.

13 hours ago

Canada to present arguments in latest round of Huawei CFO Meng's US extradition case

Canadian prosecutors are set to present their argument on Tuesday after Huawei Chief Financial Officer Meng Wanzhou's lawyers sought to add a new charge in their effort to stop her extradition to the United States.

13 hours ago

Toyota's annual global electrified vehicles sales could reach 5.5 million by 2025

Natalie Choy - Toyota Motor Corp's annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.

13 hours ago

Hyliion Inc.'s CEO wins the SPAC lottery, becomes billionaire

Bloomberg - After the troubles at Nikola Corp. you’d think stock market investors would have had their fill of startups that promise to revolutionize the trucking world. Yet this week another Texas-based truck electrification business, whose founder is even younger than Nikola’s, is poised to go public. And ...

13 hours ago

Toyota's annual global electrified vehicles sales could reach 5.5 million by 2025: executive

Natalie Choy - Toyota Motor Corp's annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.

13 hours ago

Workers going freelance due to Covid-19 slump should look for other jobs when economy recovers: Grab head

justinong -

14 hours ago

Pandemic spurs Africa's mobile telcos to ramp up banking bid

Natalie Choy - When COVID-19 hit Ivory Coast, Bonaventure Kra, who works at an import-export business, began to worry. Handling hard cash all day was a risk. Queuing in crowded bank branches exposed him to infection.

14 hours ago

Asian markets hunker down ahead of US presidential debate

Natalie Choy - Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's selloff.

14 hours ago

Virtual AGMs allowed till next June; real-time electronic voting green-lit: MinLaw

Vivienne Tay - ALTERNATIVE arrangements for meetings - such as companies' virtual annual general meetings (AGMs) - can now continue till June 30 next year.

14 hours ago

Japan's NTT weighs potential US$38 billion buyout of wireless unit Docomo

Natalie Choy - Japan's state-backed Nippon Telegraph and Telephone Corp (NTT) is considering taking full control of its wireless network business in a deal worth as much as 4 trillion yen (US$38 billion) and which could spark a period of mobile price cuts.

14 hours ago

SIA offers tours and inflight dining experiences

Tay Peck Gek - SINGAPORE Airlines (SIA) has launched three programmes to offer the public a rare glimpse into what goes on behind the scenes at the national icon, as well as give them a taste of inflight dining experience in a stationary A380 superjumbo or at home.

14 hours ago

SIA offers tours and inflight dining experiences, drops flights to nowhere

Tay Peck Gek - SINGAPORE Airlines (SIA) has launched three programmes to offer the public a rare glimpse into what goes on behind the scenes at the national icon, as well as give them a taste of inflight dining experience in a stationary A380 superjumbo or at home.

14 hours ago

SIA ditches ‘flight to nowhere’ idea, rolls out A380 restaurant, delivery menu and training facilities tour

amanda.eber -

14 hours ago

Almost a third of APAC workers are facing increasing burnout at work: Microsoft study

Felicia Tan - Close to a third of workers in Asia Pacific are facing increased rates of burnout over the past six months, according to Microsoft’s latest Work Trend Index report. The report, which surveyed over 6,000 information and first-line workers across eight countries including Australia, India, Japan, an ...

14 hours ago

Cathay Pacific pilots push for seat at table for restructuring talks

Natalie Choy - SYDNEY: Pilots at Hong Kong's Cathay Pacific Airways are pushing to be included in restructuring talks at the carrier and will run a newspaper advertisement to drum up public support, a union representing them told Reuters on Tuesday (Sep 29). The comments come after the group this month declined .. ...

15 hours ago

FEHT kept at 'buy' on stable government contracts, boost in locals booking staycations

Samantha Chiew - Slowly but steadily, UOB Kay Hian is expecting a recovery for Far East Hospitality Trust (FEHT). Despite the hospitality sector being the hardest hit by the Covid-19 pandemic with the lack of tourists coming into Singapore, the research house is maintaining its “buy” call on FEHT with an in ...

15 hours ago

Co-founder of local food business Beef Bro on trial for sexually assaulting sister’s drunk friend

michelle.lee -

15 hours ago

Rio Tinto hit with human rights claims over Bougainville mine

Natalie Choy - Rio Tinto is facing accusations it "side-stepped" responsibility to clean up poisonous waste from a closed mine on Papua New Guinea's Bougainville island in a complaint filed Tuesday in Australia.

15 hours ago

Strong condo sales targeting HDB upgraders will likely sustain momentum: DBS

Fiona Lam - THERE may be a broader trend of HDB upgraders recycling their public housing flats into private homes given the robust sales volumes at recent private residential projects, particularly that of Penrose.