3 days ago
System outage halts Bursa Malaysia’s derivatives trading
[KUALA LUMPUR] Trading on Bursa Malaysia’s derivatives market was halted on Friday due to a system outage of the Globex electronic trading...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Piyush Gupta appointed Temasek India chairman
Shikhar Gupta - The ex-DBS chief executive takes up his new role from Dec 1
3 days ago
Former DBS CEO Piyush Gupta to be chairman of Temasek India
The Edge Singapore - Piyush Gupta, former CEO of DBS Group Holdings, has been appointed chairman of India of Temasek. The appointment will take place from Dec 1. In this non-executive role, Gupta will work with Ravi Lambah, Temasek's head, India and head, strategic initiatives, to support Temasek portfolio companie ...
3 days ago
Asian markets struggle to build on week's rally
HONG KONG: Markets fluctuated on Friday (Nov 28) at the end of a strong week for equities, fuelled by growing expectations that the Federal Reserve will cut interest rates again next month.Traders took silenc
3 days ago
Asian markets struggle to build on week’s rally
MARKETS fluctuated on Friday at the end of a strong week for equities fuelled by growing expectations that the Federal Reserve will...
3 days ago
From Ladas to fintech, Intraco aims for a sharper and bolder transformation
Teo Zheng Long - Intraco has reinvented itself time and again. Founded in 1968 as a shoe-maker, it was listed in 1972 and taken under Temasek Holdings, becoming Singapore’s key importer of rice and other strategic supplies. Over the years, it expanded into a variety of commodities and manufactured goods, and at on ...
3 days ago
Briefs: Pavilion Capital to join Seviora Group; DBS said to revise Alliance Bank proposal to 30% stake
The Edge Singapore - Pavilion Capital to join Seviora Group, bringing Seviora’s AUM to $94 bilPavilion Capital, which is wholly owned and funded by Temasek, will join Seviora Group, also a wholly owned subsidiary of Temasek, in building an Asia-based asset management group. The merged entity will raise Seviora’s com ...
3 days ago
‘An enabler of growth, efficiency and optimisation’, besides financial stewardship: Yiong of CityDev
Goola Warden - In a wide-ranging interview, Yiong Yim Ming, group CFO of City Developments (CDL), describes her role and what it is really like. These include bidding for land, hedging foreign exchange (forex) exposure, and other exciting developments at one of the oldest listed developers on the Singapore Exchang ...
3 days ago
City Developments set to end year on a strong note
Goola Warden - When The Edge Singapore met Yiong Yim Ming, group CFO, City Developments (CDL), in September, her wish was for CDL’s share price to be higher. As of Nov 18, CDL is up almost 41% this year. However, the stock is still trading at a discount to its book net asset value of $10.10, and its revalued net ...
3 days ago
Far East Orchard to go light over the next five years
Felicia Tan - Shares in Far East Orchard, typically thinly-traded, barely moved after the group announced its FEOR30 strategy — the firm’s five-year roadmap — on Nov 24. On Nov 25, the counter closed flat at $1.22, up 17.31% year to date, but still a 56.9% discount to its net asset value (NAV) per share of ...
3 days ago
With no net-zero target, Far East Orchard focuses on cutting Scope 1, 2 emissions
Jovi Ho - Far East Orchard, a member of Far East Organization, Singapore’s largest private property developer, does not have a net-zero target. Instead, what the real estate group has in place is a target to reduce its Scope 1 and 2 carbon emissions by 42% by 2030 from its baseline year of 2022. Responding ...
3 days ago
‘Electricians will be the next billionaires’ as data centre boom lifts shares of Malaysia’s MEP firms: JP Morgan
Jovi Ho - Electricians will be the next billionaires, say JP Morgan analysts, thanks to a data centre boom in Asean led by Malaysia. Malaysian stocks involved in the mechanical, electrical and plumbing (MEP) business have emerged as one of the hottest themes in the country, say JP Morgan analysts in a note sh ...
3 days ago
Singapore embraces AI, but workforce sentiment remains a challenge
Romain de Laubier and Sagar Goel - Artificial intelligence (AI) adoption in Asia Pacific (Apac) has made remarkable headway over the last 12 months, as AI transitions from a novelty to a norm. More than three-quarters (78%) of employees now use AI regularly — six percentage points higher than the global average. Such progress raise ...
3 days ago
Singapore crowned world’s No 1 container port: report
Therese Soh - This is driven by the country’s world-class infrastructure and transparent governance
3 days ago
Social media is broken
Michael Helfman - Harvard Medical School found that the dopamine response triggered by social media is similar to the response from slot-machine gambling and cocaine. We connected the world and accidentally divided it. Social media was born with noble intentions. Mark Zuckerberg launched Facebook from his Harvard dor ...
3 days ago
Who will win the US-China AI race?
Assif Shameen - In one of Aesop’s fables, an arrogant and fast hare challenges a slow but determined tortoise to a race. Confident that sheer speed will ensure victory, the hare naps while the tortoise steadily plods on to win the race. In the tech world, the buzzword until recently has been “move fast and brea ...
3 days ago
Short-term contracts form smaller share of jobs, with permanent roles at record high: MOM
Low Youjin - The report finds ‘no sustained shift’ towards short-term roles for youth
3 days ago
Permanent employment at record high; labour force participation rate falls for 4th straight year: MOM
There appears to be no sustained shift towards shorter-term roles among younger workers, said the Ministry of Manpower.
3 days ago
Less job switching, especially by those in their 20s, suggests growing caution among workers, says MOM
Workers aged 25 to 29 saw the biggest drop in job switching, although they remain the most likely to have changed roles in the past year.
3 days ago
China, US and Malaysia are top overseas postings for Singapore workers: MOM
Low Youjin - Only 3.1 per cent of the resident labour force has ever worked overseas full-time for at least six months
3 days ago
Singapore’s real income growth improves to 4.3% amid low inflation
Low Youjin - This was despite a slowdown in nominal wage growth
3 days ago
OKP shares soar as much as 7.5% on proposed bonus share issue
Shikhar Gupta - The company proposes a bonus issue of up to 231.3 million new ordinary shares
3 days ago
OKP shares close 6.6% higher on proposed bonus share issue
Shikhar Gupta - The company proposes a bonus issue of up to 231.3 million new ordinary shares
3 days ago
The coming China shocks
Manu Bhaskaran - We all know about the first China shock. In the 1990s and 2000s, China’s share of global exports surged following the country’s bold reforms, which made its exports competitive, and its accession to the World Trade Organisation which gave it enlarged market access. Consequently, once-dominant ex ...
3 days ago
AI scale-up hinges on data quality and multi-cloud flexibility: Cloudera
Felicia Tan - Artificial intelligence (AI) has moved beyond the experimentation phase and is now seen as a key tool in enterprises. This year’s global survey report by Cloudera, titled The Evolution of AI: The State of Enterprise AI and Data Architecture, reflects this. Of the 1,500 IT leaders polled, 96% of th ...
3 days ago
Asian shares end tough November on firmer ground helped by Fed cut bets
SYDNEY :Asian shares are set to end a tough November on steadier ground as revived hopes of an imminent U.S. rate cut helped soothe valuation jitters and sent Treasuries rallying for a fourth straight month.U.S. markets, which were closed overnight for the Thanksgiving holiday, are due for a shorten ...
3 days ago
S&P 500 notches weekly, monthly gains; Treasury yields advance
NEW YORK :U.S. stocks ended higher in a truncated, post-holiday session on Friday that was complicated by an outage at an exchange operator as investors closed the book on a tumultuous month and kicked off the holiday shopping season.The three major U.S. stock indexes made modest advances on the day ...
3 days ago
Wall St set for weekly gain, monthly loss; Treasury yields advance
NEW YORK :U.S. stocks followed their European counterparts higher in a truncated, post-holiday session on Friday that was complicated by an outage at an exchange operator as investors closed the book on a tumultuous month and kicked off the holiday shopping season.The three major U.S. stock indexes ...
3 days ago
Shares end tough November supported by Fed cut bets; trading outage hits futures
LONDON :Global stocks headed into a jittery final session of the month on Friday, as an outage at exchange operator CME Group hampered trading in a swathe of futures on currencies, commodities, Treasuries and stocks, further draining market liquidity.The outage at CME datacentres came with U.S. inve ...
3 days ago
Shares end tough November on firmer ground helped by Fed cut bets
LONDON :Global stocks headed into a jittery final session of the month on Friday, as an outage at exchange operator CME Group halted trading in a swathe of futures on currencies, commodities, Treasuries and stocks, further draining market liquidity.The outage at CME datacentres came with U.S. invest ...
3 days ago
Chinese capitalism with socialist characteristics
Daryl Guppy - As much as I hate to acknowledge it, it may be time to replace my decade-old Huawei phone. The only reason for a replacement is its inability to use an e-Sim which means I am still stuck with using physical Sim cards. The other key features — storage, camera quality, app handling — all remain cu ...
3 days ago
Making an informed investment decision about Morningstar
Thiveyen Kathirrasan - Nasdaq-listed Morningstar Inc is an information and services company that primarily provides proprietary data, research and analysis of investment instruments and asset classes for individuals, financial advisors and institutional investors through internet products, software and print. The companyâ ...
3 days ago
Pawnbrokers dazzle investors with surging gold prices
Teo Zheng Long - With ongoing geopolitical conflicts and expectations of a lower interest rate environment, investors have opted for gold as a safe-haven alternative. This has led to a rally in gold prices since the start of the year, from around US$2,800 ($3,652) per ounce to more than US$4,000 in recent times. Apa ...
3 days ago
Beyond AI, formal retail, luxury and financial sectors are growth stories to watch next year: HSBC
Kwan Wei Kevin Tan - The AI investment theme has kept investors excited for the last couple of years, minting record valuations for stocks with an AI angle. However, going into 2026, AI will not be the only growth story, says Herald van der Linde, HSBC’s head of Asia equity strategy. “We have now well invested in AI ...