18 hours ago
Cnooc’s profit drops as low oil prices counter output growth
Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
18 hours ago
Crypto for a home? Coinbase brings token-backed down payments to housing market
March 26 : Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to adapt digital assets for mainstream needs.A prospective homeowner will be able to secure a loan against t ...
19 hours ago
Keppel, Simba Telecom agree to extend long-stop date for proposed M1 deal
Jude Chan - IMDA’s regulatory review remains under way
19 hours ago
Concord New Energy reports 82.6% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
19 hours ago
Concord New Energy reports 82.7% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
19 hours ago
National Australia Bank to cut 170 jobs amid offshore expansion
The bank adds it will continue hiring and developing staff locally, particularly in customer-facing roles
19 hours ago
Keppel's close of planned sale of M1 to Simba extended
The Edge Singapore - The closing of Keppel's sale of mobile operator subsidiary M1 to Australia-listed Tuas, the owner of local telco Simba Telecom, has been extended. The deal is subject to the approval of local industry regulator the Infocomm Media Development Authority of Singapore. As part of its review, IMDA h ...
20 hours ago
Pornhub, Stripchat, XNXX, XVideos charged with breaching EU tech rules, risk fines
BRUSSELS, March 26 : Adult content platforms Pornhub, Stripchat, XNXX and XVideos have been charged with breaching EU rules by letting children access pornographic content on their sites, EU regulators said on Thursday, which could lead to hefty fines.The charges follow a 10-month-long investigation ...
20 hours ago
Snapchat hit with EU probe into alleged failure to prevent child grooming, illegal goods sales
BRUSSELS, March 26 : Snap-owned Snapchat was hit with an EU investigation on Thursday as regulators warned that the social platform appears not to be doing enough to prevent child grooming and the sale of illegal goods.The EU probe is under the Digital Services Act, which requires big online platfor ...
20 hours ago
Singapore’s general insurance premiums hit record high of S$6.09 billion
Ranamita Chakraborty - Net incurred claims for the domestic segment are up 8.7% year on year at S$1.8 billion
20 hours ago
Shangri-La Asia posts 30.4% drop in full-year earnings to US$112.3 million
Jude Chan - The board recommends a final dividend of HK$0.10 a share for FY2025
20 hours ago
Driving accountability in the boardroom and beyond
Kwan Wei Kevin Tan and Felicia Tan - NUS professor Mak Yuen Teen shares what it’s like to be the conscience of corporate Singapore. If you follow Singapore’s corporate developments actively on LinkedIn, then it is quite likely that you have come across the writings of Mak Yuen Teen. The corporate governance advocate is an avid user ...
20 hours ago
Asia moves to calm markets as South Korea buys bonds, Manila holds surprise rate review
MANILA, March 26 : Asian central banks moved to shore up market confidence on Thursday, with South Korea announcing a 5 trillion won ($3.3 billion) emergency bond buyback while the Philippines held a surprise policy meeting, signaling its readiness to act if inflation pressures worsen.Both economies ...
20 hours ago
Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal
Ry-Anne Lim - Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase
21 hours ago
Forsea, Qingjian in group topping Dover site tender with S$951 million bid at S$1,556 psf ppr
Kalpana Rashiwala - First parcel released in new Dover-Medway estate for a 625-unit project draws six bids
21 hours ago
Forsea, Qingjian’s S$1,556 psf ppr top bid sets benchmark for residential land in one-north area
Kalpana Rashiwala - First parcel released in new Dover-Medway estate for a 625-unit project draws six bids
21 hours ago
What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
Jude Chan - The local market must move towards consolidation and aggressive global expansion, says the industry veteran
21 hours ago
OpenAI indefinitely pauses plans to release erotic chatbot, FT says
March 26 : OpenAI has shelved plans to release an erotic chatbot indefinitely as it looks to focus on its core products, according to a report by the Financial Times on Thursday.
21 hours ago
South Korea to carry out bond buyback, expand fuel tax breaks to cushion blow from Iran conflict
The bond buyback will be conducted in two tranches, 2.5 trillion won on March 27 and another 2.5 trillion won on April...
21 hours ago
US jury verdicts against Meta, Google tee up fight over tech liability shield
March 26 : Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet's Google liable, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.In C ...
21 hours ago
Singapore stocks falter amid regional declines; STI down 0.3%
Benjamin Cher - The iEdge Singapore Next 50 Index, meanwhile, is up 1.3%
21 hours ago
Singapore stocks falter on Thursday, STI falls 0.3%
Benjamin Cher - iEdge Singapore Next 50 Index gains 1.3% or 19.3 points to 1,459.69
21 hours ago
Qingjian Realty, joint venture partners top Dover Drive GLS bid with $1,556 psf ppr
Gerine Tang Yi Qian - The 99-year leasehold Government Land Sales (GLS) private housing parcel along Dover Drive attracted six bids at its close on March 26, with the highest offer of $1,556 psf per plot ratio (psf ppr) submitted by Qingjian Realty and joint venture partners Forsea Residence and Jianan Realty Investments ...
21 hours ago
Cathay Pacific to hike fuel surcharge by 34% as jet fuel prices surge
Hong Kong's Cathay Pacific Airways said on Thursday (Mar 26) it will hike fuel surcharges by 34 per cent across routes from Apr 1 and review them every two weeks, citing higher jet fuel
21 hours ago
Cathay Pacific to hike fuel surcharges by 34% as jet fuel prices surge
The airline's fuel surcharges will now be HK$389 (US$50) for short-haul flights, HK$725 for medium-haul flights and HK$1,560 for long-haul flights.
21 hours ago
‘Gold doesn’t always perform in crises’: Sell-off shows liquidity trumps safe-haven appeal
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
21 hours ago
‘Gold doesn’t perform in crises’: Sell-off shows liquidity trumps safe-haven appeal
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
21 hours ago
Gold’s sell-off underscores its role as liquidity avenue in crises
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
21 hours ago
Cybersecurity’s biggest problem is not the threat, but the follow-through
Nurdianah Md Nur - The time between an initial breach and the handoff to a ransomware group has fallen from more than eight hours to just 22 seconds, according to Mandiant, a threat intelligence unit of Google Cloud. That leaves companies with far less time to react and raises questions about whether many incident res ...
22 hours ago
Bank of Japan may raise rates by June as Iran war fuels inflation, its ex-top economist says
TOKYO, March 26 : The Bank of Japan is likely to raise interest rates by June, as rising oil costs from the Iran war heightens the chance of being too late in addressing the risk of too-high inflation, its former top economist Seisaku Kameda said on Thursday.Unless the Iran war triggers a severe glo ...
22 hours ago
Wall Street bonuses surge 9% to record US$49.2 billion in 2025: NY comptroller
The average bonus climbs 6% to US$246,900
22 hours ago
Fuel prices jump 22% in Thailand after subsidies slashed
The increase marks a turning point for Thailand’s long-standing fuel-subsidy regime
22 hours ago
Korean Air plans 103 Boeing plane purchases valued at $36.2 billion until 2039
SEOUL, March 26 : South Korean flag carrier Korean Air said on Thursday it plans to buy 103 Boeing planes between 2026 and 2039.That includes 20 B777-9s, 25 B787-10s, 50 B737-10s, and eight B777-8Fs, Korean Air said in a regulatory filing.The purchases are valued at $36.2 billion based on 2025 list ...
22 hours ago
Hong Kong bourse plans micro futures on Hang Seng, tech index
Micro futures would offer a cheaper way to hedge or gain exposure to Hong Kong’s key benchmark indexes