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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1 day ago

Singapore says it needs foreign tech talent and ‘fun’ education

Bloomberg - SINGAPORE (Sept 21): Singapore, grappling with an aging population and a shortage of high-tech workers, says it needs to bring in foreign talent in areas including software programming while the country rebalances its education system to meet future demands. A key issue is whether Singapore has a cr ...

1 day ago

Insurer Singapore Life aims to simplify products; bets on asset-light model for profitability

Sharanya Pillai - SINGAPORE (Sept 17): A veteran of the life insurance industry, Walter de Oude has developed some pet peeves about the business. For one, he thinks that kitsch advertising has affected consumer trust. “Most life insurance companies in the past showed you advertising with happy people throwing babie ...

1 day ago

Uber in talks to buy food delivery firm Deliveroo: Bloomberg

Robert J Samuelson - Ride-hailing company Uber is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The value of the deal is not known, Bloomberg reported, adding that the offer would need to be considerably above Deliveroo's latest valuation . ...

1 day ago

Bull market back in sync as Dow finally eclipses January high

Bloomberg - (Sept 21): The last victim of the inflation and trade scares that roiled US equities earlier this year has finally recovered. The Dow Jones Industrial Average rode its seventh gain in eight days to an all-time high of 26,657, capping a seven-month slog back from one of the biggest routs of the bull ...

1 day ago

Owner of Soilbuild Reit's manager takes S$30m of its US$65m perps offering

Leila Lai - Nearly half of Soilbuild Business Space Reit's subordinated perpetual securities issue announced on Thursday night will be bought by the owner of the real estate investment trust's manager, Soilbuild Reit said in a Singapore Exchange filing early Friday morning.

1 day ago

Uber is in early talks to buy Europe's Deliveroo

Bloomberg - (Sept 21): Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than US$2 billion ($2.7 billion), would mark a major attempt by Uber to dominate ...

1 day ago

Coca-Cola, Walmart to cut plastic pollution in oceans

Robert J Samuelson - Coca-Cola, Walmart and other big multinationals pledged on Thursday (Sep 20) to help reduce plastic pollution in the world's oceans in support of a campaign by five of the G7 industrialised nations.

1 day ago

Tesla VP of global supply management resigns: Bloomberg

Robert J Samuelson - Tesla Inc's vice president of global supply management, Liam O'Connor, has resigned, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-20/tesla-is-said-to-lose-supply-management-chief-as-exodus-worsens, citing sources familiar with the matter.

1 day ago

Google defends Gmail data sharing, gives few details on violations

Robert J Samuelson - WASHINGTON/SAN FRANCISCO: Alphabet Inc's Google gave details about its policies for third-party Gmail add-ons but stopped short of fully addressing questions from U.S. senators about developers who break its email-scanning rules. How user data flows between big technology platforms such as Google .. ...

1 day ago

Services sector to get a boost by 2019: analyst

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Cloud storage, corporate broadband, and ICT adoption could step up process efficiencies. The services industry’s growth will further expand in 2019 baked by the finance & insurance and business services sectors, RHB said. This growt ...

1 day ago

Singapore leads Southeast Asia in social progress: study

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No But it still needs to work on personal rights and inclusiveness to advance in the global rankings. Singapore clinches the top spot in Southeast Asia in terms of social progress, Deloitte revealed. It scored a perfect 100 points for water and ...

1 day ago

Chart of the Day: NORX hit $24.9b in August

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It was pushed by growth in both electronic and non-electronic segments. This chart from Enterprise Singapore shows that non-oil re-exports expanded by 14.1% YoY to $24.9b in August. NORX in August was at its two-year high amidst the growth in ...

1 day ago

Commentary: Alibaba's most innovative move to date? Jack Ma's graceful corporate exit

Robert J Samuelson - In another display of being ahead of the curve, Ma shifts from dynastic leadership to professional management to sustain his legacy.

1 day ago

TODAY's morning brief for Friday, Sep 21

youjin.low - 13 hours 37 min agoGood morning! Here's what's happening today:

1 day ago

Daily Briefing: Singapore panel mulls regulation of tech firms amidst fake news; SGX leads US$53m funding for US trading startup

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No And hundreds line up in Orchard Road Apple Store a day before iPhone XS launch. From Reuters: A Singapore parliamentary committee recommended for the regulation of tech firms as Facebook, Google, and Twitter ‘have a policy of generally ...

1 day ago

Dow, S&P 500 end at records as market shrugs off trade fights

Robert J Samuelson - The Dow and S&P 500 powered to fresh records on Thursday (Sep 20) as investors again shrugged off trade war worries.

1 day ago

Myanmar 2.0 in the making?

SIMON TAY - PEOPLE now perceive Myanmar very differently compared to just two years ago. In 2016, there was euphoria after the iconic Aung San Suu Kyi's National League for Democracy swept the elections. Myanmar's economic opening, begun under the previous military-backed government, brought massive ...

1 day ago

The evolving role of the Singapore CIO/CISO

Dhanya Thakkar - DATA breaches have become an almost everyday occurrence, and organisations and governments need to act to squelch this alarming trend.

1 day ago

US and China need to settle innovation dilemma

STEPHEN S. ROACH - SINO-American tensions are less about trade imbalances and more about a strategic clash over innovation and technology - the Holy Grail of any nation's prosperity. The large and seemingly chronic trade imbalance between the United States and China is as much a function of America's own ma ...

1 day ago

World powers jockey for position in Europe

Andrew Hammond - US President Donald Trump and Russia's President Vladimir Putin met on Tuesday with the poster childs of Eastern European populism, Polish President Andrzej Duda and Hungarian Prime Minister Victor Orban, respectively. The Washington and Moscow meetings underline the growing international inte ...

1 day ago

A worrying future for the next generation?

Robert Samuelson - IT has long been an accepted axiom in the United States - and also in many advanced democracies - that the future would be better than the past. People take it for granted that living standards would rise. Well, kiss that optimism goodbye.

1 day ago

E-wallets: Raising the bar beyond stored-value function

Jacquelyn Cheok - WITH competition, comes innovation.

1 day ago

Singapore market still singing trade war blues

Marissa Lee - BEGUN, the trade war has. And the wall of tariffs dividing the US and China could stretch well beyond 2019, pundits say, making bargain hunting in affected Singapore stocks a difficult proposition.

1 day ago

SGX assures it will act in clear cases of minority oppression

Anita Gabriel - THE Singapore Exchange's annual general meeting on Thursday that lasted a good three hours was long by any account; yet few could have predicted that the dominant issue would be that of a listed company's board suing a minority.

1 day ago

Ping An's Lu Global stakes claim on wealth outside China

Jamie Lee - PING An Group's Lu International has made an official push into markets beyond China, with the launch of its online wealth management platform Lu Global for accredited investors in Singapore.

1 day ago

Hong Leong Finance seeks to wind up yard group Triyards

Tan Hwee Hwee - HONG Leong Finance has served a winding-up petition on the yard operating arm of Ezra Holdings, Triyards.

1 day ago

Court orders winding-up of Stratech, appoints liquidators from BDO

Vivien Shiao - MAINBOARD-LISTED The Stratech Group announced on Thursday that a Singapore Court has ordered a winding-up of the company and appointed liquidators from BDO to carry out the process.

1 day ago

Mapletree Logistics Trust prices S$375m placement offer at S$1.21 apiece

Leila Lai - MAPLETREE Logistics Trust (MLT) has completed a private placement that was launched on Wednesday and will issue about 309.9 million new units at an issue price of S$1.21 apiece to raise S$375 million, the trust said in a Singapore Exchange (SGX) filing on Thursday.

1 day ago

Ascott Reit acquires one-north site to build co-living property

Leila Lai - ASCOTT Residence Trust (Ascott Reit) has acquired a prime greenfield site at Nepal Hill in Singapore's research and innovation business hub one-north for S$62.4 million, the company announced on Thursday.

1 day ago

Keppel unit buys 40% stake in project on prime Nanjing site

Vivien Shiao - KEPPEL Corp's China real estate unit is buying a 40 per cent stake in the development of a prime residential site in Nanjing, China for about 1.41 billion yuan (S$283 million).

1 day ago

Asian markets close mixed, STI inches up

Rachel Mui - SINGAPORE shares tracked Wall Street gains overnight to inch slightly higher on Thursday in yet another day of muted trading, as Asian bourses closed mixed.

1 day ago

Lendlease joins growing trend of developers running co-working spaces

Yunita Ong - LENDLEASE is planning its own flexible workplace brand within its upcoming Paya Lebar Quarter mixed-use development, The Business Times has learnt.

1 day ago

BlackRock fund acquires 7 strata office units in Prudential Tower

Nisha Ramchandani - A PRIVATE real estate fund managed by BlackRock has acquired seven strata office units in Prudential Tower for about S$130 million from consortium Epic Land.

1 day ago

Super penthouse at South Beach Residences fetches S$26m

Kalpana Rashiwala - THE consortium that developed South Beach Residences is understood to have granted options for the purchase of 10 units over the past fortnight, including the super penthouse which is being sold at S$26 million to a foreigner.

1 day ago

Opportunities for Singapore firms in Russia's consumer, tech sectors

Claudia Chong - SINGAPORE businesses will stand to gain by venturing into Russia's consumer and technology sectors.

1 day ago

Fidelity's venture arm Eight Roads opens Singapore office

Marissa Lee - EIGHT Roads, the venture capital arm of Fidelity International, has opened an office in Singapore as part of a push to get closer to the South-east Asian startup ecosystem.