Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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2 days ago

Surbana Jurong building global headquarters in Jurong Innovation District

Janice Heng - URBAN and infrastructure consultancy Surbana Jurong is building a new campus for its global headquarters in the upcoming Jurong Innovation District. The groundbreaking ceremony for the 68,915 square metre development was held on Friday.

2 days ago

S'pore identifies F-35 fighter jet to replace F-16s following five-year evaluation

marcel.pereira - 23 min 59 sec agoSINGAPORE — Singapore expects to buy a "small number" of the F-35 Joint Str

2 days ago

Hot stock: Courts Asia shares leap after offer from Nojima

Nisha Ramchandani - SHARES in retailer Courts Asia jumped nearly 35 per cent on Friday afternoon after a trading halt was lifted, following a conditional cash offer by a unit of Japanese electronics retailer Nojima Corp at S$0.205 apiece.

2 days ago

Oxford says no to additional Huawei funding

Vivien Shiao - Oxford University has decided to forgo further funding from Chinese tech giant Huawei as scrutiny grows in Europe over the telecom company's relationship with the Beijing government.

2 days ago

Goldman apology not enough, what matters is the US$7.5b money, says Malaysia's finance minster

amanda.eber - 35 min 59 sec agoPUTRAJAY (Malaysia) ― The apology by Goldman Sachs was necessary, but insufficient co

2 days ago

Ghosn received 8 million euro in 'improper' payments: Nissan

Vivien Shiao - Former Nissan boss Carlos Ghosn received nearly eight million euros in "improper payments" from a Netherlands-based joint venture, the Japanese car giant alleged Friday, threatening to sue to recover the funds.

2 days ago

Courts Asia gets buy offer from Japanese electronics retailer Nojima

Vivien Shiao - SINGAPORE: Courts Asia has received an acquisition offer by a subsidiary of Japanese electronics retailer, Nojima. PricewaterhouseCoopers (PWC) Corporate Finance, who will be handling the prospective buyout, announced the offer on Friday (Jan 18). The offer price of S$0.205 is 34.9 per cent ...

2 days ago

After billion-barrel bonanza, BP goes global with seismic tech

Vivien Shiao - Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.

2 days ago

Tesla recalls more than 14,000 cars in China over airbags

Vivien Shiao - SHANGHAI: Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday (Jan 18). The US giant has already announced the recall of some Model S vehicles as part of .. ...

2 days ago

Banks kept at 'overweight' by UOB on Fed's dovish stance, dividend yield

PC Lee - SINGAPORE (Jan 18): UOB Kay Hian is maintaining Singapore’s banking sector at “overweight” after the US Fed calmed the nerves of investors with its dovish disposition, which subsequently generated a relief rally. “We maintain ‘buy’ for both DBS and OCBC, although we prefer OCBC,” says ...

2 days ago

SIIC Environment secures $120 mil WTE concession agreement in Shandong province

Samantha Chiew - SINGAPORE (Jan 18): SIIC Environment Holdings announced that its 92.15%-owned subsidiary, Shanghai Fudan Water Engineering Technology, has signed a build-operate-transfer (BOT) service concession agreement with the Department of Housing and Urban-Rural Development of Shen county in Shandong provinc ...

2 days ago

ThaiBev kept at 'buy' given worst is over for alcohol demand, says RHB

Samantha Chiew - SINGAPORE (Jan 18): RHB is reiterating its “buy” call on Thai Beverage (ThaiBev) with a higher target price of 85 cents, from 75 cents previously. This came following the group’s loan restructuring with Vietnam Beverage, which means ThaiBev now owns 53% of Sabeco, the largest brewery in Vietn ...

2 days ago

Shutdown clouds outlook for consumer-driven US economic growth

Vivien Shiao - After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters.

2 days ago

Why Mak Yuen Teen's latest study is causing such a stir among market watchers

Jude Chan - SINGAPORE (Jan 18): On Tuesday, corporate governance advocate Mak Yuen Teen, an associate professor of accounting at the NUS Business School, released a study arguing that the reputation of the Catalist board has been hurt by recent transfers of underperforming companies from the Mainboard. In his ...

2 days ago

China growth hit slowest pace in decades in 2018: AFP survey

Vivien Shiao - China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the government struggles to contain ballooning debt and a bruising trade war with the United States.

2 days ago

Japan satellite blasts into space to deliver artificial meteors

Vivien Shiao - A rocket carrying a satellite on a mission to deliver the world's first artificial meteor shower blasted into space on Friday, Japanese scientists said.

2 days ago

Ghosn received US$9 million improperly from Mitsubishi-Nissan JV: companies

Annabeth Leow - Arrested auto executive Carlos Ghosn improperly received 7.8 million euros (US$9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp , the companies said on Friday.

2 days ago

Falcon Energy to undertake complete debt revamp, suspends trading

Ng Ren Jye - OFFSHORE and marine company Falcon Energy Group announced during midday trading break on Friday that it will suspend coupon payment on notes due on Jan 19 as it embarks on a complete debt overhaul. The mainboard-listed company in filings to the Singapore Exchang also requested for trading in its sh ...

2 days ago

Falcon Energy looks to complete debt revamp, suspends trading

Ng Ren Jye - Offshore and marine company Falcon Energy Group announced during midday trading break on Friday that it it will suspend coupon payment on notes due on Jan 19, as it embarks on a complete debt overhaul. The mainboard-listed company also requested for trading in its shares on the Singapore Exchange t ...

2 days ago

Germany, China to sign pacts during finance minister's Beijing visit

Marissa Lee - Germany welcomes progress in cooperation with China, especially in the financial sector, and aims to spur further development, its finance minister, Olaf Scholz, said in Beijing on Friday.

2 days ago

South Korea court orders Japanese firm to pay for forced labour

Vivien Shiao - A Seoul court on Friday dismissed a Japanese machinery maker's appeal against an order that it pay 17 South Korean women 100 million won (US$89,000) each for forced wartime labour, the latest in a series of rulings raising tensions between the neighbours.

2 days ago

Singapore stocks: STI resumes Friday afternoon at 3,221.10, up 0.2% on day

Navin Sregantan - SINGAPORE shares resumed trading on Friday afternoon on higher ground, with the Straits Times Index up 6.66 points or 0.2 per cent to 3,221.10 as at 1.06pm.

2 days ago

Malaysia will not rush into ratifying CPTPP: Report

Vivien Shiao - KUALA LUMPUR: Malaysia will not rush into ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a minister was quoted as saying on Thursday (Jan 17), adding that the government wants to ensure that the terms of the agreement are fair to the country. There has . ...

2 days ago

Morgan Stanley beefs up Asian wealth team

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It will hire 50 RMs in Hong Kong and Singapore over the next three years. Bloomberg reported that Morgan Stanley looks to boost its services for rich clients by in Singapore targeting Chinese entrepreneurs specifically eyeing to set up family ...

2 days ago

Hyflux must address concerns, be 'fully transparent' at upcoming meetings with investors: SIAS

Annabeth Leow - SINGAPORE: With affected retail investors "anxiously waiting" for updates on the company’s restructuring plan, Hyflux will need to address their concerns and be "fully transparent" when it holds its town hall sessions on Friday (Jan 18). This was a call from Mr David Gerald, president of ...

2 days ago

GSS Energy kept at 'buy' with 19 cents target by RHB on bright prospects

PC Lee - SINGAPORE (Jan 18): RHB Research is maintaining GSS Energy at “buy” with 19 cents target on its bright prospects, driven by its twin growth engines. In a Friday report, lead analyst Jarick Seet believes the group is close to securing an off-take deal for its gas, and the 4Q18 tech correction, e ...

2 days ago

Man, 34, charged with murder of 40-year-old woman in Woodlands

asyrafkamil - Wong Pei Ting32 min 47 sec agoSINGAPORE — A 34-year-old man was on Friday (Jan 18) charged with the murder of a 40-

2 days ago

Bright spots to be found in bleak 2019 global growth outlook: Fitch

Michelle Zhu - SINGAPORE (Jan 18): Fitch Ratings says decent US domestic demand and real GDP growth of over 6% for China are still two achievable scenarios in 2019, in spite of market concerns of a sharp downturn in growth this year. According to a note issued by Fitch on Thursday, the ratings agency says the bro ...

2 days ago

Morgan Stanley taps China’s rich looking to set up family offices in Singapore

Chanyaporn Chanjaroen - Chinese millionaires are increasingly looking to set up offshore structures to protect their fortunes from the mainland’s newly toughened tax regime. The post Morgan Stanley taps China’s rich looking to set up family offices in Singapore appeared first on DealStreetAsia.

2 days ago

Consequences of negative workplace culture can be downright catastrophic

Benjamin Cher - SINGAPORE (Jan 21): In the Commission of Inquiry (COI) into the most severe data breach in Singapore’s history, Ernest Tan, manager at IHiS, the IT arm of the Ministry of Health, revealed he was reluctant to inform his superiors about cyber attack. Tan, whose job it was to report security inciden ...

2 days ago

Is EU competition law outdated in the age of China?

Vivien Shiao - Are European competition rules obsolete in the face of the Chinese threat?

2 days ago

How CapitaLand's latest acquisition could implicate our nation's coffers

Jeffrey Tan - SINGAPORE (Jan 18): CapitaLand’s acquisition of two subsidiaries of Ascendas-Singbridge (ASB) is a pretty sweet deal for Temasek. The Singaporean state investment arm is enlarging its stake in CapitaLand – specifically from 40.8% to about 51% – at a time when shares in the integrated property ...

2 days ago

Former presidential candidate Tan Cheng Bock forms new Progress Singapore Party to ‘add another voice in Parliament’

asyrafkamil - 17 min 54 sec agoSINGAPORE — Former presidential candidate Tan Cheng Bock is returning to politics und

2 days ago

Manulife arms its agents with personal websites in bid to enhance customer relations

Staff Reporter - Submitted By:  Sandra Sendingan Case Study:  No Digital Stars will allow customers to pick agents of their choice. Insurer Manulife has launched Digital Stars, a programme that provides customers with a secure way to connect with their financial consultant through a personalised and verif ...

2 days ago

Bottoms up: The worst is over for ThaiBev

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No After 13 months of negative growth, beer production rose in the last few months of 2018. ThaiBev's stock perfomance has been highly hit by the weak alcohol consumption in Thailand in 2018. However, beer production levels have started to p ...

2 days ago

Chart of the Day: S-REITs maintain strong gains in January

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Lippo Malls Indonesia Retail Trust recorded a return of 18.1%. This chart from the Singapore Exchange (SGX) shows that S-REITs extended their gains in early 2019, with Lippo Malls Indonesia Retail Trust sealing the highest return of 18.1% in ...