2 days ago
Chinese smartphone firms jazz up products, seize turf in home market from Apple
Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
2018 was 8th warmest year on record for Singapore; 2009 to 2018 the warmest decade ever
yasmine.yahya - Faris Mokhtar40 min 15 sec agoSINGAPORE — With 11 out of 12 months recording above-average temperatures, 2018 was t
2 days ago
OCBC Pay Anyone on food ordering app Waitrr
Rachel Mui - OCBC is offering its mobile payment service on food ordering app Waitrr. The OCBC Pay Anyone app enables customers to make direct QR code payments to merchants, and peer-to-peer e-payments leveraging QR codes, social media, or a recipient's mobile number and PayNow.
2 days ago
Changi Airport passenger movements up 4% in February
Staff Reporter - Submitted By: Danielle Isaac Case Study: No Passengers from Europe and North America led the growth. Passenger movements in Singapore Changi Airport grew 4% YoY to 5.13 million in February. According to its operating statistics, aircraft movements remained stable with 29,900 landings an ...
2 days ago
50,000 government-linked email credentials found in illegal data banks
Staff Reporter - Submitted By: Danielle Isaac Case Study: No Most are either outdated or bogus addresses, but 119 are still being used. Around 50,000 of credentials linked to government email addresses were found in illegal data banks. Whilst most were outdated or bogus addressed, 119 are still bei ...
2 days ago
Finland to investigate Nokia-branded phones after data breach report
Finland's data protection ombudsman said on Thursday he would investigate whether Nokia-branded phones had breached data rules after a report said the handsets sent information to China.
2 days ago
Jump in Hong Fok's share price prompts SGX query
Tay Peck Gek - SINGAPORE Exchange has queried property developer Hong Fok over "unusual price movements" in its shares recently. The regulator did not spell out the period in question nor the magnitude of the price change. The firm's share price was up about 6.42 per cent on Friday morning.
2 days ago
Jump in Hong Fok's share price prompts SGX RegCo query
Tay Peck Gek - BOURSE regulator Singapore Exchange Regulation (SGX RegCo) has queried property developer Hong Fok over "unusual price movements" in its shares recently. The regulator did not spell out the period in question nor the magnitude of the price change. The firm's share price was up about ...
2 days ago
M’sian man involved in 2010 Kallang slashing executed
asyrafkamil - 24 min 28 sec agoSINGAPORE — A Malaysian man convicted of murder over a deadly gang robbery in 2010 wa
2 days ago
American Airlines pilots expect to test 737 MAX software fix in Boeing simulator
Janice Heng - American Airlines Group Inc pilots expect to test Boeing Co's 737 MAX software fix on the U.S. manufacturer's simulators this weekend, officials from the pilots' union told Reuters on Thursday, a key step in restoring pilots' confidence in the aircraft after two fatal crashes.
2 days ago
Two consortiums to trial self-driving environmental service vehicles for road cleaning
Staff Reporter - Submitted By: Arianna Danganan Case Study: No They will apply AV technology to commercial mechanical road sweepers. The National Environment Agency (NEA) and the Ministry of Transport (MOT) have awarded research & development (R&D) projects to two consortiums, for the design, de ...
2 days ago
Hyundai shareholders reject Elliott's US$6.2 billion dividend request
SEOUL: Investors in Hyundai Motor Group companies rejected on Friday Elliott Management's demands for a massive special dividend, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate. South Korea has been trying to make its corporate ...
2 days ago
New York Times CEO warns publishers ahead of Apple news launch
NEW YORK: Apple is expected to launch an ambitious new entertainment and paid digital news service on Monday (Mar 25), as the iPhone maker pushes back against streaming video leader Netflix. But it likely will not feature the New York Times. Mark Thompson, chief executive of the biggest ...
2 days ago
PUB ready to take over desalination plant at zero dollars if Hyflux's Tuaspring does not resolve defaults
SINGAPORE: National water agency PUB said on Thursday (Mar 21) it will terminate the water purchase agreement with Hyflux subsidiary Tuaspring Pte Ltd (TPL) and start taking over its desalination plant, if the company does not remedy its defaults by Apr 5. In a media release, PUB said it is ...
2 days ago
Levi's surges nearly 32% in Wall Street return
Janice Heng - NEW YORK: Iconic jeans company Levi's made a hot return to Wall Street on Thursday (Mar 21) as it eyes international growth and more direct sales to consumers in the fast-changing retail environment. Listing under the ticker symbol "LEVI," shares of Levi Strauss & Co. surged in opening trade ...
2 days ago
PGIM Real Estate AsiaRetail Fund's assets could propel Frasers Property's retail mall position
Staff Reporter - Submitted By: Arianna Danganan Case Study: No Frasers raised its stake in the fund to 47.82% for $601.5m. Frasers Property’s strategy to “double down” as one of Singapore largest retail landlords is unfolding, following its move to raise its stake in PGIM Real Estate A ...
2 days ago
PUB slams Hyflux investor's basis for withdrawing from restructuring deal
Staff Reporter - Submitted By: Danielle Isaac Case Study: No SM Investments gave Hyflux two weeks to resolve its default or it will terminate the restructuring deal. read more
2 days ago
NYSE wins Uber, Pinterest listings: Sources
Janice Heng - NEW YORK: Uber Technologies and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, according to sources familiar with the matter. The companies and the NYSE declined to comment ...
2 days ago
Tesla's Musk tells employees vehicle deliveries 'primary priority' near end of first quarter
Janice Heng - Tesla Inc's vehicle deliveries scheduled across Europe, China and North America should be a "primary priority" for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday.
2 days ago
Global box office had record 2018, earning US$96.8b
Janice Heng - The film industry has never been more successful than it was in 2018, when it earned US$96.8 billion - including over US$40 billion in cinema ticket sales, according to figures published Thursday by the Motion Picture Association of America (MPAA).
2 days ago
Four in 10 Britons worried, angry about Brexit: Survey
Janice Heng - LONDON: Around four in 10 British adults have been left feeling powerless, angry or worried by Brexit in the past year, according to a poll out Friday (Mar 22). The Mental Health Foundation (MHF) charity commissioned the survey to look at the impact of Britain's impending departure from the ...
2 days ago
Shares of Japan's Eisai swamped with sell orders after ending Alzheimer trials
TOKYO: Eisai's shares were untraded on Friday (Mar 22), hit with a glut of sell orders after the Japanese drugmaker and its partner Biogen said they are ending two drug trials of their experimental Alzheimer's disease drug aducanumab. The decision, which wiped US$18 billion off the value on Biogen . ...
2 days ago
Japan firms see prolonged Sino-US trade war, China slowdown to persist: Reuters poll
TOKYO: Three in four Japanese companies expect US-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found. And nine in 10 think China's ...
2 days ago
Energy giants spent US$1b on climate lobbying, PR since Paris: Watchdog
Janice Heng - The five largest publicly listed oil and gas majors have spent US$1 billion since the 2015 Paris climate deal on public relations or lobbying that is "overwhelmingly in conflict" with the landmark accord's goals, a watchdog said Friday.
2 days ago
Hyundai shareholders to vote on Elliott's bid to change 'status quo'
SEOUL: Investors in Hyundai Motor Group companies are due to meet on Friday (Mar 22) to vote on US hedge fund Elliott Management's demands for a massive special dividend and board makeover, in the latest case of shareholder activism in the Asian country. South Korea has been trying to make its ...
2 days ago
Lawsuit on hotels' internet advertising tactics moves forward
Janice Heng - WASHINGTON: A class action lawsuit filed against Hyatt Hotels, Marriott International, Wyndham Hotel Group and two other companies accusing them of conspiring to not compete online as well as harming consumers, survived a motion to dismiss on Thursday (Mar 21). Judge Rebecca Pallmeyer of the ...
2 days ago
US warns China meddling in Hong Kong hurting business confidence
Janice Heng - The United States warned in a report on Friday that increased meddling from China in Hong Kong had adversely impacted the city, straining international business confidence in the Asian financial hub.
2 days ago
Property investment sales leapt 31.4% to $3.59b in Q1
Staff Reporter - Submitted By: Arianna Danganan Case Study: No The residential sector accounted for 30.4% of sales volume. Preliminary property investment sales volume jumped 31.4% QoQ to $3.59b in Q1 2019 despite the absence of major office en -bloc deals, according to CBRE’s highlights of proper ...
2 days ago
American Airline pilots expect to test 737 MAX software fix in Boeing simulator
Janice Heng - American Airlines Group Inc pilots expect to test Boeing Co's 737 MAX software fix on the U.S. manufacturer's simulators this weekend, officials from the pilots' union told Reuters on Thursday, a key step in restoring pilots' confidence in the aircraft after two fatal crashes.
2 days ago
ThaiBev launches luxury InverHouse whisky portfolio
Staff Reporter - Submitted By: Danielle Isaac Case Study: No The offerings focus on Ready to Drink spirits like the Kulov Max 7 vodka. Thai Beverage has launched the InverHouse whisky portfolio through its channel of luxury hotels and restaurants, extending its reach into the premium segment. It introdu ...
2 days ago
Asian shares firm after solid US data, tech sector hopes
Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.
2 days ago
AEM Holdings' sales orders for FY2019 to-date hit S$174m
Rachel Mui - TEST-HANDLING machine supplier AEM Holdings on Thursday night said it has received sales orders worth S$174 million as at March 21 for delivery in fiscal year 2019. This is up from the S$140 million in sales orders previously announced in February.
2 days ago
Singapore shares rise at Friday's open; STI up 0.19% to 3,219.77
Vivienne Tay - SINGAPORE stocks opened stronger on Friday, with the Straits Times Index advancing 0.19 per cent or 6.12 points to 3,219.77 as at 9.05am.
2 days ago
Transcorp says S$6m deposit for cancelled China project MOU is 'fully guaranteed'
Vivienne Tay - TRANSCORP Holdings has said the S$6 million deposit it paid to Dongshan Dibao Property for a China project it has pulled out of is “fully guaranteed”, after being pressed by the Singapore Exchange (SGX) for additional assurances.
2 days ago
Till sickness do us part
Trinity Chua - Singapore’s healthcare system has been held up as an example for other governments to follow. But residents are growing old, and tired of ever-increasing costs. SINGAPORE (Mar 18): It was turning into a long-drawn-out ordeal. For six weeks, Angeline Yong’s septuagenarian father had complained o ...
2 days ago
Daily Markets Briefing: STI up 0.19%
Staff Reporter - Submitted By: Staff Reporter Case Study: No Expect muted gains today. The Straits Times Index (STI) ended 5.99 or 0.19% higher at 3,213.65. The top active stocks were DBS, which rose 0.16%, Genting Sing, which soared 2.97%, CapitaLand, which went up 1.15%, UOB, which fell 0.36%, and Sin ...