14 hours ago
Blockchain-based firm MVL Foundation unveils cab booking app TADA Taxi
Jacquelyn Cheok - MVL Foundation, the Singapore-based company behind blockchain-based ride-hailing app TADA, on Thursday launched TADA Taxi.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
LinkedIn partners public agencies, NPOs to help challenged job seekers in Singapore
Michelle Zhu - SINGAPORE (Nov 15): LinkedIn is introducing an extension of its LinkedIn Coaches global programme with the aim of connecting more than 2,000 job seekers facing barriers in Singapore to “economic opportunities with resources and networks to build meaningful careers”. In order to do so, the profe ...
14 hours ago
Swiss competition watchdog probes suspected payment systems boycott
Marissa Lee - Switzerland's competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse and UBS as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.
14 hours ago
This place is the pits: China opens luxury hotel in quarry
Marissa Lee - A hotel development sunk into a disused quarry in China opened its doors Thursday to deep-pocketed clientele.
15 hours ago
SIA's profits may continue descent as passenger yields lose altitude
Staff Reporter - Submitted By: Arianna Danganan Case Study: No It was also hit by a 24% YoY hike in jet fuel costs. Singapore Airlines’ (SIA) interim profits dragged in Q2 FY19 and may continue to do so as passenger yield fail to improve, according to a report by DBS Equity Research. Passenger yie ...
15 hours ago
Asia stocks lifted by China-US trade hopes; oil resumes retreat
Marissa Lee - TOKYO: Asian stocks rose on Thursday, cheered by a bounce in Chinese equities on signs China and the United States may be taking steps to de-escalate their bitter trade dispute, while oil prices resumed their retreat on fears of oversupply. A cautious start is expected in Europe, however ...
15 hours ago
American Airlines 'unaware' of some Boeing 737 MAX functions until last week: spokesman
Marissa Lee - American Airlines Group Inc said on Wednesday it was "unaware" of some functions of an anti-stall system on Boeing Co's 737 MAX until last week.
15 hours ago
Retail rents in hyper-expensive Singapore are still cheaper than Hong Kong
Staff Reporter - Submitted By: Sandra Sendingan Case Study: No Leasing costs are at US$308 psf per year. read more
16 hours ago
Outlook remains bright for UOL Group on prospects of recurring income growth, say analysts
Michelle Zhu - SINGAPORE (Nov 15): OCBC Investment Research and CGS-CIMB Research are maintaining their “buy” and “add” calls on UOL Group with a fair value and price target of $8.41 and $8.45, respectively, post the release of the group’s 3Q18 financial results. While UOL Group had reported a significa ...
16 hours ago
New private home sales in October dive by nearly 48% over September amid absence of new launches
Nisha Ramchandani - DEVELOPERS in Singapore sold 487 private homes last month, falling nearly 48 per cent from the 932 units moved in September, owing to an absence of major launches in October.
16 hours ago
Singapore new private home sales in October dive by nearly 48% over September: URA
Nisha Ramchandani - DEVELOPERS in Singapore sold 487 private homes last month, falling nearly 48 per cent from the 932 units moved in September, and 36 per cent lower than the 761 units they booked in October last year.
16 hours ago
Singapore stocks: STI resumes Thursday afternoon at 3,045.87, down 0.1% on day
Wong Kai Yi - SINGAPORE stocks resumed trading higher after Thursday's lunch break, with the key Straits Times Index inching up 0.1 per cent, or 2.68 points to 3,045.87 as at 1.02pm.
16 hours ago
Singapore gets top accolade at Smart City Expo World Congress
Tan Hwee Hwee - SINGAPORE has been named Smart City of 2018 at Smart City Expo World Congress held in Barcelona.
16 hours ago
Chinese business to extend CapitaLand's winning streak in Q4
Staff Reporter - Submitted By: Arianna Danganan Case Study: No It expects to recognise around $1.27b of revenue from China by Q4. CapitaLand is expected to end the year with a bang as strong residential business from China is expected to haul in $1.27b (RMB6.4b) in revenue by Q4, according to analysts.& ...
17 hours ago
Ex-minister Mah Bow Tan joins Singapore fintech firm as investor, adviser
Tan Hwee Hwee - FORMER cabinet minister Mah Bow Tan has joined a group of seasoned market practitioners to invest in a fintech firm.
17 hours ago
PSLE results to be released on Nov 22 from 11am; Posting results will be released on Dec 19
asyrafkamil - Asyraf Kamil24 min 32 sec agoSINGAPORE — The results of the 2018 Primary School Leaving Examination (PSLE) will be
17 hours ago
PM Lee to attend China's 2nd OBOR forum in 2019
Michelle Zhu - SINGAPORE (Nov 15): Singapore prime minister Lee Hsien Long has been invited, and will attend, China’s second Belt and Road Forum for International Cooperation in 2019. A joint statement between the governments of Singapore and China was issued on Wednesday during Premier Li Keqiang’s official ...
17 hours ago
ST Engineering positions for growth as aerospace unit takes flight
Staff Reporter - Submitted By: Sandra Sendingan Case Study: No Aerospace sales are poised to grow by 26.2% in 2019. read more
17 hours ago
Broker's take: KGI downgrades Accordia Golf Trust to 'hold' on natural disasters, cautious macro outlook
Wong Kai Yi - A SERIES of natural disasters, the lack of near-term rerating catalysts and a more cautious macro outlook has led broker KGI Securities to downgrade its recommendation for Accordia Golf Trust (AGT) to "hold" with a revised target price of S$0.61.
18 hours ago
Jetstar joins Scoot, SIA in ceasing pre-selection of travel insurance in online bookings
Leila Lai - LOCAL airline Jetstar Asia Airways has joined Scoot Tigerair and Singapore Airlines (SIA) in ceasing the pre-selection of travel insurance for consumers, after the Consumers Association of Singapore (Case) engaged the three airlines to be more transparent in their ticket pricing and booking process ...
18 hours ago
Analysts keep ST Engineering at 'buy' on strong order book; potential earnings upgrade
PC Lee - SINGAPORE (Nov 15): OCBC Investment Research and RHB Research are maintaining ST Engineering at “buy” with target prices of $3.95 and $3.97 respectively. ST Engineering reported a 1% y-o-y rise in revenue to $1.6 billion and a 5.3% increase in net profit to $134.6 million in 3Q18, bringing 9M18 ...
18 hours ago
NUS ranked No. 10 in global poll that ranks universities on graduate employability
asyrafkamil - Asyraf Kamil41 min 4 sec agoSINGAPORE — National University of Singapore (NUS) graduates have made the list of th
19 hours ago
Singapore, China to collaborate on fintech, regulating derivative trades
Tan Hwee Hwee - TWO agreements penned between financial agencies will pave the way for China and Singapore to collaborate on fintech innovations and cross-border supervision of futures exchanges and intermediaries.
19 hours ago
Wilmar set to weather through trade jitters
Staff Reporter - Submitted By: Arianna Danganan Case Study: No It is poised to be the largest downstream player in palm oil processing. Wilmar International’s margins are expected to remain standing amidst global trade tensions following strong YoY sales volumes across its oilseeds & grains, m ...
19 hours ago
MAS mulls new fintech sandbox with faster approvals
Staff Reporter - Submitted By: Arianna Danganan Case Study: No Approval decisions for applications will be granted within 21 days. The Monetary Authority of Singapore (MAS) is seeking feedback on a proposed new pre-defined regulatory sandbox called Sandbox Express that aims to speed up the prolonged app ...
19 hours ago
Lion Air: A deadly crash and a whole lot of questions for Boeing
Annabeth Leow - WASHINGTON: Questions swirled on Wednesday (Nov 14) about how Boeing had failed to tell airlines and pilots about changes to an anti-stall system suspected in last month's fatal crash in Indonesia. Investigators are examining whether the system, which is meant to prevent aircraft from stalling ...
19 hours ago
Wilmar kept at ‘buy’ with $3.59 target by RHB on strong margins amid trade war
PC Lee - SINGAPORE (Nov 15): RHB Research is maintaining Wilmar International at “buy” with $3.59 target after 3Q18 results came in well ahead of expectations. 3Q18 revenue rose 4% y-o-y to US$11.6 billion ($16 billion) while core net profit rose 35% to US$434.7 million which brings Wilmar’s 9M18 core ...
20 hours ago
California wildfire victims sue utility PG&E alleging negligence
Ann Williams - Victims of California's deadliest wildfire have filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people.
20 hours ago
Daily Markets Briefing: STI down 0.34%
Staff Reporter - Submitted By: Luz Wendy Noble Case Study: No Expect little gains today. The Straits Times Index ended 10.41 or 0.34% lower at 3,043.19. The top active stocks were DBS, which fell 0.12%, OCBC, which slipped 0.08%, Cordlife, which rose 0.06%, Best World, which grew 0.10%, and UOB, with a ...
20 hours ago
Singapore shares decline at Thursday's open; STI down 0.1% to 3,040.43
Kenneth Lim - SINGAPORE stocks opened weaker on Thursday, with the Straits Times Index slipping 0.09 per cent or 2.76 points to 3,040.43 as at 9.01am following the S&P 500's overnight decline in the United States.
20 hours ago
Proxy advisory firm ISS recommends for all Third Point nominees at Campbell
Annabeth Leow - Shareholder advisory firm ISS on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point's board nominees, giving a boost to the activist firm which has been calling for change at the food company.
20 hours ago
Stocks to watch: mm2, Noble, CDW, LTC Corp, Sakae, Hong Leong Asia
Leila Lai - THE following companies saw new developments which may affect trading of their shares on Thursday:
20 hours ago
Saudi Arabia's PIF eyes stake in US movie studio Legendary - sources
Annabeth Leow - Saudi Arabia's sovereign wealth fund PIF is exploring the acquisition of up to a US$700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as "Jurassic World" and "Interstellar", according to people familiar with the matter.
20 hours ago
Sears finalizing US$350 million bankruptcy loan with Great American: Sources
Annabeth Leow - Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for US$350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, people familiar with the matter said on Wednesday.
20 hours ago
Energy Market Company offers portal to help Singapore firms procure electricity
Tan Hwee Hwee - A NEW electricity procurement portal launched by Singapore Exchange-backed Energy Market Company (EMC) has enabled one business to shave thousands off its electricity bills.
20 hours ago
mm2 posts 17.7% drop in Q2 earnings on higher finance expenses
Leila Lai - MAINBOARD-LISTED mm2 Asia saw net profit for its second fiscal quarter fall 17.7 per cent on higher finance expenses, including the one-off unwinding interest on the deferred purchase consideration for the acquisition of Cathay Cineplexes, the group said on Wednesday night.