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

ComfortDelGro increases 'level of preparedness' in response to Wuhan virus threat

Rachel Mui - SINGAPORE: Singapore transport operator ComfortDelgro said on Friday (Jan 24) that it has increased its "level of preparedness" in response to the Wuhan coronavirus threat.  Surgical masks have now been placed at all ComfortDelGro fuel kiosks, workshops and general counters for distribution to ...

2 days ago

Frasers property buys London office asset for $238m

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Bedfont lakes holdings will become an indirect wholly-owned subsidiary of the firm. Fraser Property Holdings UK, an indirect subsidiary of Frasers Property, has entered into a sale and purchase agreement with Bedfont Lakes holdings to acquire ...

2 days ago

Lease renewals favourable for FCT's growth: analysts

Staff Reporter - Submitted By:  Nathanielle Punay Case Study:  No About 81% of these leases are located in its four major malls. Fraser Centrepoint Trust’s (FCT) leases that are set to be renewed in FY2020 are expected to be a boon to the trust as it will be backed by its malls’ high footfall ...

2 days ago

UOB, Singapore Polytechnic open branch concept for students

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No It will help polytechnic students practice and gain work experience. United Overseas Bank (UOB) has launched Hangout@UOB, a new branch concept that will help Singapore Polytechnic (SP) students gain vital work experience, according to a news r ...

2 days ago

Frasers Hospitality Trust's NPI grew 6.8% to $33.2m

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No All of its portfolio recorded higher gross operating profit. Frasers Hospitality Trust (FHT) saw its net property income (NPI) rise 6.8% YoY to $33.2m in Q1 FY2020, the company announced. Revenue also climbed 4.3% to $42.4m over the same perio ...

2 days ago

Singapore biotech firm Veredus will have Wuhan virus test ready by Feb 1

Ng Ren Jye - HOMEGROWN biotech firm Veredus Laboratories on Friday announced it is developing a test for the Wuhan virus.

2 days ago

Singapore biotech firm Veredus will have Wuhan virus test ready by March

Ng Ren Jye - HOMEGROWN biotech firm Veredus Laboratories on Friday announced it is developing a test for the Wuhan virus.

2 days ago

US extradition battle over Huawei's Meng ends first phase but Canada court fight continues

The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.

2 days ago

Wuhan virus: ICA begins temperature screening at Woodlands, Tuas checkpoints

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2 days ago

Gilead assessing potential use of Ebola drug as Wuhan virus treatment

FOSTER CITY, California: Gilead Sciences Inc said on Thursday (Jan 23) it was assessing whether its experimental Ebola treatment could be used against the new coronavirus that has sickened hundreds of people in China and led to at least 18 deaths. "Gilead is in active discussions with researchers .. ...

2 days ago

Broker's take: DBS raises SGX's target price on index firm acquisition

Rachel Mui - DBS Group Research has maintained its "buy" call on the Singapore Exchange (SGX) while raising its target price to S$9.60, up from S$8.90 previously.

2 days ago

Starhub and M1 to jointly bid for 5G licence

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No They are working towards the deadline for proposals. StarHub and M1 have agreed to submit a joint bid for a 5G licence in an exclusive agreement, according to a press release. read more

2 days ago

Keppel Corp's profits crashed 25.5% to $706.98m in 2019

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No Its other operating income plunged 67.1% partly from lower gains from disposing subsidiaries. Keppel Corporation's profit attributable to shareholders crashed 25.5% to $706.98m in 2019, from $948.39m in 2018, the company announced. In cont ...

2 days ago

Grab, Razer in talks for Malaysian digital banking licence bid

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Up to five licences will be granted to either conventional or Islamic banks. Grab and Razer are amongst the companies interested in applying for a digital banking licence in Malaysia, reports Reuters. In December, the central bank of Malaysia ...

2 days ago

Businesses at Singapore Flyer hit, as giant wheel remains shut more than 2 months after technical issue

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2 days ago

Still no plans for Chinese New Year? Here are some things to do over the long weekend

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2 days ago

Euro near seven-week low after ECB; virus fears support yen

Vivienne Tay - The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.

2 days ago

US to unveil crackdown on counterfeit, pirated e-commerce goods

Vivienne Tay - The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.

2 days ago

Singapore stocks muted ahead of Chinese New Year; STI opens 0.02% higher

Rachel Mui - SINGAPORE shares were little changed on Friday morning, after the Republic confirmed its first case of the Wuhan virus overnight.

2 days ago

Guyana opening search for oil firm to trade its crude

Vivienne Tay - Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.

2 days ago

OEL obtains S$1.2m loan from controlling shareholder

Vivienne Tay - OEL (Holdings) Limited on Thursday said it has entered into a loan agreement with controlling shareholder Zhang Jian for an interest-free loan of about S$1.2 million.

2 days ago

Global stocks steady as caution on China virus continues; euro hits seven-week low after ECB

Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency.

2 days ago

Stocks to watch: Keppel, Starhub, SGX, UOL, CDLHT, ARA H-Trust, Frasers Hospitality

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

2 days ago

Stocks to watch: Keppel, Starhub, SGX, UOL, CDLHT, ARA H-Trust, Frasers Hospitality, Sabana, Koh Brothers

Ng Ren Jye - THE following companies saw new developments that may affect trading of their shares on Friday.

2 days ago

Sabana Reit posts Q4 DPU of 0.77 S cent

Rachel Mui - SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) on Thursday evening posted a fourth-quarter distribution per unit (DPU) of 0.77 Singapore cent for the three months ended Dec 31, up 8.5 per cent from 0.71 cent a year ago.

2 days ago

Southeast Asia’s VCs hit fundraising high in 2019, collect $3.5b

Michelle Teo - The fundraising in 2019 marks a 75% jump from the nearly $2 billion raised in the previous year. The post Southeast Asia’s VCs hit fundraising high in 2019, collect $3.5b appeared first on DealStreetAsia.

2 days ago

HDB rents inched up 1.3% YoY in December

Staff Reporter - Submitted By:  Shaina Teope Case Study:  No The rents for all room types, except three-room HDB units, all grew. HDB rents posted a slight increase of 1.3% YoY and 0.1% MoM in December, according to a report by SRX. Rents for three-room HDB units decreased by 0.3% YoY in December, whilst ...

2 days ago

Koh Bros Q4 net profit up 29% to S$2.4m

Ng Ren Jye - MAINBOARD-LISTED construction player Koh Brothers Group posted a 29 per cent rise in net profit to S$2.4 million for its fourth quarter ended Dec 31, 2019, from S$1.9 million a year ago.

3 days ago

Lian Beng plans to sell stake in asphalt premix maker for S$9.4m

Fiona Lam - LIAN Beng Group is looking to dispose of its 40 per cent stake in United E&P (UEP) for S$9.4 million.

3 days ago

Trump announces adjustments to washer tariff quotas: proclamation

Claudia Chong - WASHINGTON: U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done. "I have ... determined that additional action ...

3 days ago

US bank regulator charges ex-Wells Fargo executives for role in sales scandal

Claudia Chong - Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's sales practices scandal.

3 days ago

Boeing reschedules 777X plane's first test flight to Friday

Boeing Co said its 777X airplane's first test flight would take place on Friday, after bad weather delayed the flight scheduled for Thursday.

3 days ago

Singapore confirms first case of Wuhan virus. Here's what investors need to know.

Stanislaus Jude Chan - SINGAPORE (Jan 24): Singapore’s stock market is expected to be rattled on Friday, after the Asian financial hub on Thursday evening announced its first confirmed case of the deadly Wuhan virus that has claimed the lives of at least 17 people in China. According to China’s National Health Commis ...

3 days ago

Commentary: Women managers face double standards at work

Claudia Chong - Gendered differences in expectations make us see Queen Bees when they aren’t really there, say two experts.

3 days ago

Exclusive: Guyana opening search for oil firm to trade its crude - official

Claudia Chong - Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.

3 days ago

Italy tax police search offices of Eni managers in obstruction probe: sources

Claudia Chong - Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.