19 hours ago
Grab announces a slew of new products; doubles down on AI
Benjamin Cher - The products launched are focused around consumers, travel and merchants
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
SK Hynix shares jump 15% after peer Samsung projects blowout earnings
SEOUL, April 8 : Shares of South Korean chipmaker SK Hynix surged on Wednesday after peer Samsung Electronics forecast market-beating quarterly earnings, fuelling expectations about SK Hynix's results.Samsung Electronics on Tuesday projected its first-quarter operating profit would jump more th ...
19 hours ago
SK Hynix shares jump 15% after Samsung flags blowout results
SEOUL, April 8 : Shares of South Korean chipmaker SK Hynix surged on Wednesday, after peer Samsung Electronics forecast stronger-than-expected earnings for the first quarter, fueling expectations about SK Hynix's results. Samsung Electronics on Tuesday projected its first-quarter profit would j ...
19 hours ago
Local executive search firm hunting for CEO to lead S-REIT IPO this year
Jovi Ho - A local executive search firm is on the lookout for a CEO to lead a REIT towards listing on the Singapore Exchange (SGX) this year. According to a job posting published April 8 on Tri-Cap Consulting’s website, the CEO of the REIT manager will have to drive “the application and listing process” ...
19 hours ago
Trump says US will help with traffic buildup in Strait of Hormuz
A temporary halt in fighting and the reopening of Hormuz allow Middle Eastern exporters to ship significant volumes of oil
19 hours ago
Grab announces 13 AI-powered features at GrabX 2026 to deepen role as ‘everyday guide’
Felicia Tan - Grab Holdings unveiled 13 artificial intelligence (AI)-powered features at its annual product showcase GrabX 2026 on April 8, as the Southeast Asian superapp looks to deepen its role in users’ daily lives and expand its services across travel, payments and merchant tools. Speaking at the event in ...
20 hours ago
Jet fuel prices will take months to stabilise, airline CEOs say
The threat of supply shortages in some regions has forced some airlines to reduce services
20 hours ago
UOBKH raises Yangzijiang Shipbuilding target price to S$4.75 on Seaspan stake
Deon Loke - It will acquire a 10% stake in Poseidon, the holding company of Seaspan, for US$825.7 million
20 hours ago
Shipowners eye Hormuz ceasefire window for 800 trapped vessels
The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch
21 hours ago
TikTok to build a second billion-euro data centre in Finland
The country has become a magnet for data centres
21 hours ago
Sony Pictures Entertainment cuts hundreds of jobs in TV, film
The industry has faced a series of setbacks exacerbated by the pandemic
21 hours ago
CBRE said to explore strategic options for 410-key Hyatt Regency Da Nang
Jovi Ho - CBRE is working with a fund managed by Ares Management Corporation to explore “strategic options” for the Hyatt Regency Da Nang Resort and Spa, according to an April 8 announcement by the commercial real estate services and investment firm. The Ares fund, which acquired the asset in 2022, is “ ...
21 hours ago
Philippine carriers suspend more Middle East flights amid war
The government has said that it can intervene to help airlines secure jet fuel
21 hours ago
Local fintech startup HomePay looks to bring greater security to Singapore’s renovation industry
Jermaine Fok - Its mobile app reduces the risk of scams by protecting homeowners through an escrow-payment system
21 hours ago
Exclusive-TikTok to build a second billion-euro data centre in Finland
HELSINKI/STOCKHOLM, April 8 : TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as it moves data storage for European users to the continent, company officials said on Wednesday.The announcement comes as TikTok's Chinese parent B ...
21 hours ago
Jervois Hill GCB up for sale at $80 mil
Jovi Ho - A Good Class Bungalow (GCB) at Tanglin Estate along Jervois Hill is up for sale at $80 million, or $5,263 psf on an estimated land area of 15,199 sq ft. Perched on elevated grounds, the freehold GCB was built and completed in 2007. There are a total of six en-suite bedrooms: two on the first level, ...
21 hours ago
New Zealand holds rates at 2.25%, warns of risks to inflation and growth from Iran war
[WELLINGTON] New Zealand’s central bank kept its policy rate at 2.25 per cent on Wednesday (Apr 8) for a second straight meeting,...
21 hours ago
New Zealand central bank holds cash rate at 2.25%, adopts cautious stance amid Iran war
[WELLINGTON] New Zealand’s central bank held its benchmark official cash rate at 2.25 per cent on Wednesday (Apr 8), as policymakers opt...
21 hours ago
CK Hutchison’s Panama unit files arbitration against Maersk over ports takeover
The Panama Canal are at the centre of a legal battle that has embroiled Beijing and Washington
22 hours ago
With more cost of living support, CGSI raises target price for Sheng Siong to $3.40
The Edge Singapore - Citing the expected boost from government measures to help citizens deal with higher cost of living, CGS International has raised its target price for Sheng Siong Group from $2.97 to $3.40. On April 7, the government announced that $500 in CDC vouchers per household originally planned for Jan 2027 w ...
22 hours ago
Jervois Hill GCB on the market for S$80 million
Deon Loke - Transactions in the enclave are infrequent, real estate agency Huttons says
22 hours ago
FTSE keeps Indonesia’s market status amid ongoing reforms
The country has carried out a series of initiatives to address MSCI’s concerns
23 hours ago
Vietnam says FTSE Russell's emerging market status confirmation is a significant milestone
HANOI, April 8 : Vietnam's stock market regulator said on Wednesday that FTSE Russell's confirmation of Vietnam's emerging market status is a significant milestone, with authorities expecting the long-awaited upgrade to help draw more foreign investment into the Southeast Asian econom ...
23 hours ago
Nikkei surges as oil prices slide on signs of Mideast ceasefire
[TOKYO] Japan’s Nikkei share average surged more than 4 per cent on Wednesday as signs of a ceasefire in the Middle East...
23 hours ago
STI jumps over 1%, Asia stocks soar following US-Iran ceasefire agreement
Therese Soh - STI rises 1.2% at market open, buoyed by Singapore bank gains
23 hours ago
Pimco weighs US$14 billion debt deal for Oracle data centre
Bank of America has spent months trying to assemble the financing for Related Digital, the developer behind the project
23 hours ago
Kasikornbank enables Grab QR cross-border payments for Thai travellers
Shikhar Gupta - The blockchain-powered infrastructure will enable real-time transactions for customers in Singapore
23 hours ago
Levi Strauss lifts annual forecasts as strong demand cushions tariff hit
Its stock has risen about 45 per cent over the past 12 months
23 hours ago
Bank of Korea to hold rates at 2.50% as war-driven uncertainty persists: Reuters poll
BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures.Since the start of the U.S.-Israeli strikes on Iran, oil p ...
24 hours ago
Gold extends gains as Trump pauses Iran attacks for two weeks
Gold, which started the year on a strong note, has fallen more than 8 per cent since the Iran war began on Feb 28.
24 hours ago
Stock to watch: PSC Corporation
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 8):
24 hours ago
Elon Musk seeks removal of OpenAI CEO Sam Altman as trial looms
ELON Musk is seeking to have OpenAI chief executive officer and board member Sam Altman removed from his roles at the artificial...
24 hours ago
CK Hutchison's Panama unit to seek arbitration over Maersk ports takeover
PANAMA CITY, April 8 : Hong Kong-based conglomerate CK Hutchison's Panama business said it would seek arbitration over Maersk's takeover of two strategic ports near the Panama Canal, which are at the center of a legal battle between Beijing and Washington.Panama Ports Company (PPC) - which ...
24 hours ago
CK Hutchison's Panama unit files arbitration against Maersk over ports takeover
PANAMA CITY, April 7 : Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the center of a legal battle that has embroiled Beijing and Washington.In a statement, Panama Po ...