1 day ago
Grab folds Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Evan See - The Indonesian digital lender has a market capitalisation of US$1.6 billion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Evan See - Superbank, which completed an IPO in Indonesia in December 2025, has a market capitalisation of US$1.6 billion
1 day ago
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Janice Heng - By keeping high-value functions here and moving production out, local manufacturers are doing just what the Economic Strategy Review proposes
1 day ago
Nestle and Danone face fresh scrutiny over infant formula recalls
A toxin was detected in an ingredient supplied by China’s CABIO Biotech
1 day ago
Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream
Jude Chan - A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become
1 day ago
MAS revokes Bsquared Technology's major payment institution licence
The Edge Singapore - The Monetary Authority of Singapore (MAS) has revoked the Major Payment Institution Licence of Bsquared Technology, or BSQ, with effect from May 14. This means BSQ is no longer permitted to provide digital payment token services in Singapore under the Payment Services Act 2019 (PS Act) from the same ...
1 day ago
StanChart CEO reassures staff after ‘lower-value human’ backlash
Winters’ remarks drew condemnation on social media and across Asia
1 day ago
Commercial vehicle COE premium up 5.4% at record high of S$92,223
Derryn Wong - Category B hits a six-month high, while Category A is the only premium to dip
1 day ago
Commercial vehicle COE premium up 5.4% at new record of S$92,223
Derryn Wong - For May’s second round of bidding, the mainstream car category is the only premium to dip, by 0.4% to S$124,229
1 day ago
H&M asks Singapore staff to reapply for jobs around Asia as part of restructuring
In a restructuring exercise that involves moving its Southeast Asia headquarters from Singapore to Kuala Lumpur, the clothing retailer has asked staff to reapply for 178 available roles, including four in Singapore.
1 day ago
Singapore to be ‘early entrant’ in nuclear fusion supply chain with A*Star, US startup deal
Sharanya Pillai - Five-year tie-up with Commonwealth Fusion Systems comes amid global race to commercialise nuclear fusion energy
1 day ago
Australian shares end below key 8,500 level as price pressures keep sentiment muted
AUSTRALIA’S equity benchmark closed below the psychologically key 8,500 support level for the first time since March-end on Wednesday, as worries over...
1 day ago
European shares dip as Middle East caution lingers
EUROPEAN shares edged lower on Wednesday (May 20) as investors remained cautious with war-driven inflation fears pressurising bonds, while markets kept a...
1 day ago
Japan's Nikkei ends near three-week low as AI-stock selloff weighs
[TOKYO] Japan’s Nikkei share average closed at a near three-week low on Wednesday (May 20), with SoftBank Group leading the decline, as...
1 day ago
Indonesia’s tighter commodity export control raises concerns over margin pressure for producers
Elisa Valenta - Exports for key materials will go through a single-door system managed by a state-backed entity
1 day ago
Singapore welcomes competition for AI leadership; not a zero-sum game: Gan Kim Yong
Elysia Tan - Competition will further capability, create opportunities for cross-border partnerships
1 day ago
QAF’s subsidiary, Gardenia Foods, shifts bakery production to Johor Bahru, Malaysia
Teo Zheng Long - QAF Limited’s (SGX: Q01 ) subsidiary, Gardenia Foods, announced that it is shifting its bakery production from Singapore to Johor Bahru, Malaysia. As a result of the shift, 141 employees at the current manufacturing facility in Pandan Loop will be retrenched. The group explains that this move is p ...
1 day ago
London’s Global Healthcare Opportunities and Singapore-based CBC Group to merge creating investment giant: FT
The merger is expected to create a US$21 billion investor employing more than 200 professionals globally
1 day ago
Indonesia to bring commodity exports under centralised control, president says
The country is the world’s largest exporter of thermal coal and palm oil
1 day ago
China says it will buy 200 Boeing jets, seek extension of US tariff truce
The two sides will seek reciprocal levies cuts on US$30 billion or more of goods each, the Chinese ministry says
1 day ago
Former Citiraya CEO hit with fresh charges spanning corruption, money laundering
Deon Loke - New allegations shed more light on one of Singapore’s largest embezzlement scandals
1 day ago
Indonesian stocks fall on tightened commodity export controls
The rupiah has hit successive record lows since the start of the Iran war
1 day ago
Indonesian markets rebound ahead of Prabowo’s parliament speech
The rupiah has hit successive record lows since the start of the Iran war
1 day ago
US$800 million commitment achieved by FAST-P initiative Green Investments Partnership
Lin Daoyi - The Green Investments Partnership (GIP), an initiative under Financing Asia’s Transition Partnership (FAST-P), has achieved its second close, obtaining a cumulative total of US$800 million ($1.03 billion) commitment, reveals Chee Hong Tat, Singapore’s Minister for National Development of Singapo ...
1 day ago
Gardenia to shift bakery production from Singapore to Malaysia; 141 employees retrenched
Production at the Pandan Loop manufacturing facility will cease on Jun 30.
1 day ago
Gardenia axes 141 staff in Singapore as it shifts bakery production to Johor Bahru
Shikhar Gupta - The city-state will still be the bread maker’s central hub, with about 250 employees
1 day ago
QAF-owned Gardenia axes 141 staff in Singapore, shifts production to Johor Bahru
Shikhar Gupta - The city-state will still be the bread maker’s central hub, with about 250 employees
1 day ago
Frasers sells retail complex in West Sydney to Vicinity Centres for A$400 million
Chong Xin Wei - The sale is consistent with its capital recycling strategy, says Australian unit’s CEO
1 day ago
Dior CEO Delphine Arnault says brand is rethinking prices as luxury shoppers push back
As Jonathan Anderson leads a creative reset at Dior, Delphine Arnault says the LVMH-owned house is being “very cautious” on pricing – especially for leather goods – amid a wider luxury slowdown.
1 day ago
Samsung faces risk of chip disruption after labour talks collapse
The union is demanding that the company scrap an existing bonus cap
1 day ago
OpenAI commits over $300 mil to help Singapore build applied AI base
Nurdianah Md Nur - OpenAI has committed more than $300 million to strengthen Singapore’s AI ecosystem under a new memorandum of understanding with the city-state's Ministry of Digital Development and Information. Under the agreement, OpenAI will set up an Applied AI Lab in Singapore and grow a dedicated local t ...
1 day ago
OpenAI picks Singapore for first Applied AI Lab outside US in S$300 million push to tap ‘incredible talent here’
Renald Yeo - It will create 200 jobs and expand access to AI tools and expertise
1 day ago
Global Coalition for Nuclear Philanthropy launched by The Rockefeller Foundation and Temasek Trust
Lin Daoyi - Nuclear energy deployment is getting a boost with the establishment of the Global Coalition for Nuclear Philanthropy (GCNP) which aims to expand and align philanthropic support for nuclear energy as a driver of clean energy security, economic growth, energy abundance, and human development. The GCNP ...
1 day ago
OCBC outbids banks on HSBC Indonesia deal by wide margin: sources
The higher offer allows OCBC to enter bilateral negotiations to finalise the deal