13 hours ago
Jurong Region Line’s first stage completion delayed by six months to mid-2028
Derryn Wong - More time is needed to complete works safely, says LTA; interim bus services will be introduced
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Chinese banks halt Abu Dhabi loan as creditors cut Mideast risk
Bloomberg - Several Chinese financial firms are scaling back exposure to Middle Eastern debt, while regulators are stepping up oversight as the conflict raises concerns over the nation’s extensive lending in the region. One major bank took a rare step in restricting a drawdown on a bilateral loan to one of th ...
14 hours ago
Bayer’s profit guidance falls short of expectations
It forecasts an Ebitda between 9.1 billion and 9.6 billion euros, below analyst consensus of 9.67 billion euros
14 hours ago
Exclusive-Walmart-backed PhonePe targets up to $10.5 billion valuation in India IPO, sources say
MUMBAI, March 4 : Walmart-backed Indian fintech firm PhonePe, the country's most used payments platform, is aiming to list at a valuation of between $9 billion and $10.5 billion, two people with direct knowledge of the matter said.That suggests the IPO will raise about $900 million to $1.05 bil ...
14 hours ago
COSCO Shipping suspends bookings for Middle East routes amid conflict
BEIJING, March 4 : Chinese shipping and logistics conglomerate COSCO Shipping's container liner unit said on Wednesday it had suspended all new bookings for routes to and from ports in the Middle East region, including those in the United Arab Emirates and Saudi Arabia.The move was due to escal ...
14 hours ago
Luckin Coffee backer Centurium in advanced talks for Nestle’s Blue Bottle: sources
The buyout firm is putting the final touches on the deal
14 hours ago
Redas, NUS programme to grow real estate pipeline through internships and traineeships
Jovi Ho - Over 50 internship opportunities have been committed as part of a new real estate talent programme by the Real Estate Developers’ Association of Singapore (Redas) and the National University of Singapore (NUS), according to Redas president Tan Swee Yiow. These roles span various functions, includi ...
14 hours ago
Government to tender 37 Emerald Hill for heritage-inspired redevelopment
Jovi Ho - The government will launch a tender in the coming months for the 1.05ha site at 37 Emerald Hill, the former site of the Singapore Chinese Girls’ School (SCGS). The tender will be for a mixed-use development featuring “unique” hotel concepts, lifestyle offerings and community and public spaces ...
15 hours ago
‘Stunning’ 4.1% rise in land betterment charge for non-landed residential is highest since Sept 2022
Jovi Ho - The Singapore Land Authority (SLA) has revised the Land Betterment Charge (LBC) rates for five of the nine use groups for the period March 1 to Aug 31, with the tax on non-landed residential (use group B2) rising 4.1% — the biggest jump since September 2022’s 12.9% increase. The “stunning” 4 ...
15 hours ago
New web tool for developers to estimate land betterment charges upfront
Jovi Ho - A new online tool now gives developers more clarity when calculating the land betterment charge (LBC) payable for development proposals. The LBC is a tax on enhancement in land value. Launched on Feb 27, the LBC estimator is integrated into the Singapore Land Authority’s (SLA) OneMap portal and al ...
15 hours ago
‘Mr Lufthansa’ taps crisis playbook to tackle costs, union battles
Carsten Spohr is focused on efficiencies, centralising management of the group’s 12 airlines and betting on more long-haul flights in the year...
15 hours ago
Shipping cycles are being cut into amplified micro cycles: Maersk’s Asia head for ocean
Tay Peck Gek - Demand has become ‘extremely’ volatile in these recent years
16 hours ago
Italy's Fineco vows to step up growth with AI, German expansion
MILAN, March 4 : Italian digital bank and savings manager Fineco on Wednesday pledged to sharply grow the pace at which it gathers new money by using artificial intelligence and targeting the German market.Once part of bank UniCredit, Fineco has a business model centred around proprietary technology ...
16 hours ago
Italy's Fineco says will use AI to boost new client growth under plan to 2029
MILAN, March 4 : Italian digital bank and money manager Fineco said on Wednesday it would use artificial intelligence to expand its client base and cut costs under a strategy through 2029, aiming to sharply grow the pace at which it gathers new money.Fineco said it targeted an average low double-dig ...
16 hours ago
Japanese utilities boost LNG reserves, METI sees no calls for emergency supply yet
TOKYO, March 4 : Major Japanese utilities increased their liquefied natural gas stockpiles by 10 per cent to 2.19 million metric tons last week, the Ministry of Economy, Trade and Industry (METI) said on Wednesday, adding that there were no calls so far for emergency supplies. The LNG stockpiles of ...
16 hours ago
Indonesia media report Fitch cuts country's rating outlook to negative
JAKARTA, March 4 : Multiple Indonesian local media reported on Wednesday that Fitch Ratings has downgraded Indonesia's sovereign credit rating outlook to negative from stable. A representative of Fitch's media team reached by Reuters declined to comment. Some media, including one of Indone ...
17 hours ago
India rupee hits record low as oil rise sparks regional meltdown
For the country, higher crude prices risk reigniting inflation
17 hours ago
Budget 2026: HDB to roll out 60-storey BTO blocks in plan to ‘build more, faster, higher’
Chong Xin Wei - Pearl’s Hill BTO in Outram will have tallest HDB in Singapore; fresh supply to be injected into Toa Payoh starting with Caldecott...
18 hours ago
Malaysia palm oil output set for steep drop after Sabah floods
The nation’s production is expected to decline in February due to seasonal lows and shorter working days due to holidays
18 hours ago
Budget 2026: How should Singapore decide which jobs are to be filled by foreign workers?
Janice Heng - Amid efforts to broaden the range of good jobs, foreign worker flexibility tweaks suggest that certain roles may never be attractive enough
18 hours ago
Oil prices rise 1% as Iran crisis disrupts Middle East supply
OIL prices rose 1 per cent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of...
18 hours ago
CGSI upgrades Sheng Siong to ‘add’; RHB raises target price on store outlook
Shikhar Gupta - However, DBS argues the supermarket operator’s 2026 growth has already been priced in
18 hours ago
Jollibee Food’s Highlands Coffee evaluates Vietnam IPO
The fast-food restaurant operator expects the Vietnamese listing to be completed in the first quarter of 2027
18 hours ago
Philippines’ Jollibee Food’s Highlands Coffee evaluates Vietnam IPO
The fast-food restaurant operator expects the Vietnamese listing to be completed in the first quarter of 2027
19 hours ago
CGS International bumps Sheng Siong to ‘buy’ on better economies of scale
Samantha Chiew - CGS International is turning more bullish on supermarket operator Sheng Siong following its recent FY2025 ended Dec 31, 2025, results announcement. See more: Another strong year expected for Sheng Siong Analysts Meghana Kande and Lim Siew Khee have upgraded their call on Sheng Siong to “buy” fro ...
19 hours ago
Singdollar weakens more than 1% against the US dollar as Iran conflict sparks safe-haven flight
Deon Loke - Broad USD strength is observed because of its safe-haven nature
19 hours ago
Singdollar weakens more than 1% against the dollar after Iran conflict sparks safe-haven flight
Deon Loke - Broad USD strength is observed because of its safe-haven nature
19 hours ago
With recovery in sight, analysts increase target prices for Venture Corporation
Lin Daoyi - Analysts have weighed in on the performance and outlook of Mainboard-listed Venture Corporation, which earnings dipped 7.4% y-o-y to $227 million for FY2025 ended Dec 31. Venture, a provider of high-end technological services, products and solutions, reported full-year revenue of $2.53 billion which ...
19 hours ago
Singapore energy regulator cautions Gulf conflict could hike electricity prices; market players on alert
Sharanya Pillai - Meanwhile, petrol companies in the Republic have been quick to raise pump prices
19 hours ago
Singapore energy regulator cautions Gulf war could hike electricity prices; market players on alert
Sharanya Pillai - Meanwhile, petrol companies in the Republic have been quick to raise pump prices
19 hours ago
Gulf war could hike Singapore electricity prices: EMA; pump prices mostly up
Sharanya Pillai - Gas prices surge as much as 50% in Europe and Asia markets, after world’s largest LNG producer shut down its facility
19 hours ago
Gulf war could hike Singapore electricity prices: EMA
Sharanya Pillai - Gas prices surge as much as 50% in European and Asian markets, after the world’s largest LNG producer shut down its facility
19 hours ago
Middle East conflict likely to raise global energy and Singapore electricity prices: EMA
Sharanya Pillai - Gas prices surge as much as 50% in European and Asian markets, after the world’s largest LNG producer shut down its facility
19 hours ago
Australian shares tumble over 2% as hot GDP data rekindles rate-hike bets
AUSTRALIAN shares extended early losses on Wednesday, driven by a selloff across most sectors, after surprisingly brisk economic growth rekindled interest rate-hike...