Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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Strong condo sales targeting HDB upgraders to sustain momentum: DBS

Fiona Lam - THERE may be a broader trend of HDB upgraders recycling their public housing flats into private homes given the robust sales volumes at recent private residential projects, particularly that of Penrose.

SEA Digest: BukuWarung bags third funding of 2020; Deliveroo launches $500,000 booster fund

Quynh Nguyen - BukuWarung says its total funding is now over eight-figure US dollars. The post SEA Digest: BukuWarung bags third funding of 2020; Deliveroo launches $500,000 booster fund appeared first on DealStreetAsia.

Chinese battery manufacturer BYD one to watch: UOB Kay Hian

Jovi Ho - Chinese automobile and rechargeable battery manufacturer BYD is “progressing rapidly” with its new EV (electric vehicle) battery business, says UOB Kay Hian analyst Ken Lee in a Sept 29 note. Lee is maintaining his “buy” call on the company, with a raised target price to HK$150.00 ($26.54) f ...

1,000 professionals to be hired, reskilled to support Singapore’s 5G rollout

Asean regional centre launched to tackle the future of work

GAYLE GOH - SINGAPORE has launched a regional centre to help Asean member-states prepare for the future of work.

Walmart looking at up to US$25 billion investment in Tata Group's 'super app': Mint

Walmart Inc is in talks with Tata Group for an investment of up to US$25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.

IMDA, mobile network operators to hire, reskill 1,000 professionals in 5G

Rachel Chia - THE Infocomm Media Development Authority (IMDA) has partnered mobile network operators (MNOs) in Singapore to hire and reskill 1,000 professionals to support the Republic's 5G rollout.

Former DBS employee jailed for selling personal information of 37 customers to data broker

maria.almenoar -

Singapore's use of facial verification in ID scheme stirs privacy fears

Stratech unable to provide exit offer, to be delisted on Oct 23

Vivienne Tay - THE Stratech Group is unable to make an exit offer ahead of its delisting as the funds maintained by the company are insufficient to settle creditors' claims in full, its liquidators said on Monday in a regulatory update.

Twitter appoints Rinki Sethi as new information security head

Natalie Choy - Twitter Inc appointed Rinki Sethi, a former information security executive at IBM, as its chief information security officer, the social media company said in a tweet https://twitter.com/nicktornow/status/1310610220926881792 on Monday.

As PMETs face challenges in the job market, support measures and adaptability are crucial: Experts

SINGAPORE: For nine years, Hairul Firdaus supervised the installation of audio-visual equipment. When COVID-19 hit, the company's projects started drying up. At the height of the pandemic in June, the 36-year-old lost his job as assistant project manager. “I went back home, sat down and tried to . ...

DBS to merge its Lifestyle app into PayLah! app

Rachel Chia - DBS will integrate its rewards app, DBS Lifestyle, into the DBS PayLah! app over the next few months, the lender said in a statement on Tuesday.

Sanctions-hit Huawei ramps up investment in Chinese tech sector

Natalie Choy - Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world's largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States.

Zilingo CFO Perry returns to Citigroup to head APAC technology investment banking department

Bloomberg - James Perry, chief financial officer of Singapore’s Zilingo Pte, has resigned from the online fashion marketplace, according to people familiar with the matter, marking a high-profile departure at the once-flourishing startup that has struggled since the coronavirus outbreak. Perry will return to ...

Temasek to offer 10, 30.5 and 50-year US dollar bonds

Fiona Lam - TEMASEK Financial (I) Limited (TFin-I), a wholly-owned subsidiary of Temasek Holdings, intends to launch a three-tranche offering of US dollar (USD) bonds on Tuesday.

Temasek launches three tranche offering of 10, 30.5, and 50-year USD Temasek Bonds

Felicia Tan - Temasek Holdings says it intends to launch a three tranche offering comprising a 10-, 30.5-, and 50-year USD Temasek Bond on September 29. The bonds will be issued through Temasek Holdings’ wholly-owned subsidiary, Temasek Financial (I) Limited. The T2020-USD, T2051-USD, and T2070-USD bonds will b ...

Oil slips as demand worries offset hopes for stimulus

Fiona Lam - Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy.

Singapore shares open higher on Tuesday; STI up 0.5%

Ng Ren Jye - SINGAPORE stocks opened higher on Tuesday after Wall Street had closed sharply higher overnight.

USP says Indonesia unit's employee misappropriated up to S$20,000

Vivienne Tay - THE employment of an errant staff at USP Group's Indonesian subsidiary has been terminated, after the individual was found to have misappropriated a sum not exceeding S$20,000 as at Monday.

ThaiBev announces new management line up to realise growth objectives

Rachel Chia - THE executive committee of Thai Beverage Public Co (ThaiBev) has approved the appointment of five senior management staff and two senior vice-presidents to help the company realise its growth objectives, the mainboard-listed beer and liquor maker said in a bourse filing late on Monday.

Microsoft 365 outage affects multiple services

Fiona Lam - Microsoft Corp said late Monday a recent change it introduced likely caused a major outage, affecting users' access to multiple Microsoft 365 services, including Outlook.com and Microsoft Teams.

US EPA chief challenges California effort to mandate zero emission vehicles in 2035

Fiona Lam - The head of the Environmental Protection Agency (EPA) on Monday questioned California Governor Gavin Newsom's plan to require all new passenger vehicle sales in 2035 be zero-emission models, according to a letter seen by Reuters.

Man admits committing indecent act with 13-year-old girl in mall toilet

Frasers Centrepoint Trust's placement, preferential offering priced at bottom end

Fiona Lam - FRASERS Centrepoint Trust's (FCT) private placement has closed about 2.8 times subscribed and priced at the bottom end of the range, with the upsize option not exercised.

US House COVID-19 aid proposal gives airlines some hope for deal this week

Fiona Lam - A US$2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, though tough hurdles remained.

Huawei's Meng back in Canada court as lawyers fight bid to extradite her to U.S

Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou returned to a Canadian court on Monday to fight extradition to the United States, with her lawyers arguing she only needed to show supporting evidence to add an allegation of U.S. abuse of process to the case.

Driver fined for deliberately scratching vehicle next to his at Jem car park

Soaring Amazon deforestation splits Brazil's agriculture lobby

Uma Devi - Brazil's biggest lobby group for soy farmers Aprosoja has broken ties with the Brazil Agribusiness Association (Abag) over its support for an initiative calling on the Brazilian government to rein in soaring deforestation in the Amazon rainforest.

Stocks to watch: Frasers Centrepoint Trust, Singapore banks, ThaiBev, Sunpower

Ng Ren Jye - THE following companies saw new developments that may affect trading of their securities on Tuesday:

Singapore’s Mapletree to acquire 20-storey Seoul office building for $386m

Mars W. Mosqueda Jr. - The agreed property value is approximately 1.5 per cent lower than the independent valuation of 458.8 billion won. The post Singapore’s Mapletree to acquire 20-storey Seoul office building for $386m appeared first on DealStreetAsia.

Asian markets set to push higher after overnight gains

Vivienne Tay - Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's selloff.

Frasers Centrepoint Trust raises $575 mil in private placement following announcement

Felicia Tan - The manager of Frasers Centrepoint Trust (FCT) says it has raised $575 million through its private placement. The private placement, which was announced on September 28, was about 2.8 times subscribed. The private placement issue price of $2.35 represents a discount of 4.9% to the adjusted volume we ...

Indonesia fintech BukuWarung raises more funding; graduates from accelerator

Vivienne Tay - INDONESIAN fintech startup BukuWarung has raised an undisclosed amount of funding from Partners of DST Global, Soma Capital, Hof Capital, GMO Venture Partners, VentureSouq, 20VC and angel investors.

'A step in the right direction': Thailand's tourism operators welcome special visa for foreigners

Under a special tourist visa scheme aimed at long-stay visitors, those going to Thailand will need to arrange for private flights and undergo a 14-day quarantine before their holiday.

Commentary: The US dollar will only fall faster and harder

Vivienne Tay - Rapid deterioration in US macroeconomic imbalances will cause the greenback to plunge in value, says Stephen S Roach.

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