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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21 hours ago

Energy Market Company offers portal to help Singapore firms procure electricity

Tan Hwee Hwee - A NEW electricity procurement portal launched by Singapore Exchange-backed Energy Market Company (EMC) has enabled one business to shave thousands off its electricity bills.

21 hours ago

mm2 posts 17.7% drop in Q2 earnings on higher finance expenses

Leila Lai - MAINBOARD-LISTED mm2 Asia saw net profit for its second fiscal quarter fall 17.7 per cent on higher finance expenses, including the one-off unwinding interest on the deferred purchase consideration for the acquisition of Cathay Cineplexes, the group said on Wednesday night.

21 hours ago

Daily Briefing: Nearly 10,000 broadband users hit by outage; Keppel Land unveils AI-powered home

Staff Reporter - Submitted By:  Sandra Sendingan Case Study:  No And EDBI has pitched in for the latest funding round of a US startup. From Yahoo! News Singapore: A fibre cable cut has led to 10,000 broadband users in the eastern parts of Singapore to experience connection issues as from Wednesday afterno ...

21 hours ago

Noble says debt revamp schemes granted court sanctions

Tan Hwee Hwee - THE board of Noble Group said before trading opened on Thursday that the schemes of arrangement tabled for its debt revamp have been granted court sanctions.

21 hours ago

CDW posts 31% fall in Q3 profit on fewer customer orders

Leila Lai - CONSUMER electronics component manufacturer CDW Holding on Wednesday posted a net profit of US$900,000 for the third quarter ended Sept 30, down 31 per cent from US$1.3 million a year ago on lower revenue from fewer customer orders.

21 hours ago

IDG, Matrix Partners back $20m funding round for SG-based crypto platform KuCoin

Deepshikha - KuCoin's Series A round comes after crypto exchange Binance raised an undisclosed amount of funding from Vertex Ventures in October, signifying cryptocurrency firms' increasing reliance on venture capital funding to sustain growth. The post IDG, Matrix Partners back $20m funding round for SG-based c ...

22 hours ago

Beijing welcomes Singapore's efforts in promoting ASEAN-China ties

Tan Hwee Hwee - SINGAPORE: Singapore and China have welcomed a series of bilateral cooperation agreements, the two countries said in a wide-ranging joint statement on Wednesday (Nov 14), as Chinese Premier Li Keqiang continues his official visit to Singapore. Mr Li, who has held talks with Singapore Prime ...

22 hours ago

LTC Corp voluntary delisting resolution derailed by adjournment

Tay Peck Gek - STEEL trading and property group LTC Corp’s extraordinary general meeting (EGM) on Nov 14 to seek approval for voluntary delisting ended abruptly after shareholders voted for an adjournment.

22 hours ago

Sakae Q1 earnings fall 63.6% to S$75,000

Tay Peck Gek - SAKAE Holdings' earnings for the first quarter fell 63.6 per cent year-on-year to S$75,000 from S$206,000 as streamlined operations led to lower revenue, the operator of conveyor belt sushi restaurants announced on Wednesday. 

22 hours ago

Uber posts US$1 billion loss in quarter as growth in bookings slows

Tan Hwee Hwee - Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 per cent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

22 hours ago

A matter of volume: threat from ascendant Chinese phones hangs over Apple

Tan Hwee Hwee - A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company's plans to make services its main pillar of growth.

22 hours ago

Chart of the Day: Commercial property sales hit $2.2b in Q3

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No One notable transaction was the $908m sale of OUE Downtown's office component. This chart from Colliers International shows that commercial investment sales in the Lion City jumped 47.4% QoQ to $2.2b mainly backed by a few big-ticket tran ...

22 hours ago

Jokowi challenger plans Singapore-like low taxes for Indonesia

Bloomberg - SINGAPORE (Nov 15): Indonesian presidential candidate Prabowo Subianto will slash corporate and personal income taxes if he comes to power, part of a plan to compete with low-tax neighbors like Singapore in luring more investment to Southeast Asia’s biggest economy. Tax reform is one of the key e ...

23 hours ago

Lockheed gets interim payment for first multiyear F-35 contract: Pentagon

Tay Peck Gek - Lockheed Martin Corp has won a preliminary contract valued at as much as US$22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.

23 hours ago

Walmart's LatAm delivery app Cornershop eyeing Canada and U.S

Tay Peck Gek - Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said.

23 hours ago

Prominent managers loaded up on Apple before recent tumble

Tay Peck Gek - Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China.

23 hours ago

Suncor CEO to retire next year, be replaced by COO

Tay Peck Gek - Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.

23 hours ago

TODAY's morning brief for Thursday, Nov 15

youjin.low - 2 hours 55 min ago

23 hours ago

Lockheed gets interim payment for first multi-year F-35 contract: Pentagon

Tay Peck Gek - Lockheed Martin Corp has won a preliminary contract valued at as much as US$22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.

23 hours ago

Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Tay Peck Gek - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase & Co , Oracle Corp and Travelers Cos , as the conglomerate puts some of its large cash hoard to work.

23 hours ago

Energy drives US consumer prices to nine-month high in October

Tay Peck Gek - WASHINGTON: US consumer inflation got a bump in October, as prices for gasoline and electricity shot up, rising along with the cost of shelter and medical care, the government reported on Wednesday (Nov 14). The increase in overall consumer prices was the largest in nine months but one closely ...

24 hours ago

Early Wall Street rally evaporates, sending US stocks lower

Tay Peck Gek - WASHINGTON: Another attempted Wall Street comeback fizzled on Wednesday (Nov 14), with an early rally losing momentum and sending the major indices lower for the fourth session in a row. Soft inflation numbers at the start of the day had given traders hope but shares in Apple, a pacesetter for the ...

24 hours ago

Collaboration key in making NZ and Singapore big players on the financial services stage

Hayley Horan - THE technological revolution over the last few years has undeniably disrupted many industries - and the financial services sector is not excluded. At this intersection of finance and technology lies the fintech phenomenon, which has seen many new businesses enter the market to provide products and ...

24 hours ago

America lays down gauntlet for Asean, Apec summits

Andrew Hammond - THE global spotlight turns to the Asia-Pacific this week, with world leaders from Russia to Australia and India to Canada attending the Asean and Apec summits. With states in attendance accounting for more than 50 per cent of global GDP and nearly half of world trade, US-Chinese rivalry will be cen ...

24 hours ago

Are legacy businesses a dead weight on telcos?

Annabeth Leow - RECENT executive appointments at telcos StarHub and M1 have raised the level of chatter about the industry's so-called "pivot to enterprise".

24 hours ago

Singapore must help lead change in oil sector

Gaurav Sharma - THE end of the oil and gas industry as we know it has been predicted for many years as the planet turns towards renewables. What is little known, however, is that green energy's appeal isn't just environmental: it's also economic. A recent aggregation of industry research based on da ...

24 hours ago

A future-ready justice system for Singapore

THIO SHEN-YI - IN 2015, the Chief Justice established the Civil Justice Commission (CJC) to review Singapore's civil justice system, with the goal of transforming and modernising the litigation process. The CJC's report was issued in October 2018, along with a consultation paper containing wide-ranging ...

24 hours ago

Speed up efforts to develop a global financial framework

Naoyuki Yoshino - IN the postwar period, the global economic and financial architecture was dominated by the advanced economies in the West. They designed the international monetary system, international development financing frameworks and global trade liberalisation schemes. They also dominated the leadership of k ...

24 hours ago

Bipartisanship a forgotten phrase in Washington

Leon Hadar - IT always happens when the sitting president's party loses seats in Congress after a bruising mid-term election campaign. Politicians on both sides of the aisle propose that the White House occupant and the lawmakers on Capitol Hill leave all the political acrimony behind them and proclaim tha ...

24 hours ago

Collaboration key in making NZ and S'pore big players on the financial services stage

Hayley Horan - THE technological revolution over the last few years has undeniably disrupted many industries - and the financial services sector is not excluded. At this intersection of finance and technology lies the fintech phenomenon, which has seen many new businesses enter the market to provide products and ...

24 hours ago

Combating cybersecurity threats is a shared responsibility

Shaun Wang - THIS year's cyber attack on SingHealth has elevated the threat of cyber crime quickly into mainstream consciousness among those living in this global, hyper-connected city. And as cyber attacks become a boardroom matter, there is an urgent need for professionals to be equipped with the right k ...

24 hours ago

CapitaLand sees Q4 earnings boost from recognition of residential units sold in China

Nisha Ramchandani - PROPERTY developer CapitaLand expects the fourth quarter to receive a boost from a bumper recognition of residential units sold in China.

24 hours ago

Singapore real estate continues to hold value for investors

CHRISTINE LI - AFTER years of lacklustre foreign institutional interest in the Singapore commercial property market, Singapore appears to be on the radar of foreign institutional investors again.

24 hours ago

Condo rents slip 0.7% in October, HDB rents inch up 0.3%: SRX

Ann Williams - THE leasing market for private non-landed homes remained soft while improving slightly for HDB flats, according to flash data from real estate portal SRX on Wednesday.

24 hours ago

Fragrance plans hotels along Waterloo St, Hoe Chiang Rd

Kalpana Rashiwala - FRAGRANCE Group, controlled by James Koh Wee Meng, is planning to develop hotels along Waterloo Street and in the Tanjong Pagar area.

24 hours ago

SingHaiyi cancels bulk sale involving 34 condo units in California

Tan Hwee Hwee - PROPERTY developer SingHaiyi Group has terminated the bulk sale involving 34 condominium units at US$23.1 million of a US commercial real estate project.