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

9,500 trainees placed in SGUnited traineeship and attachment programmes: MOM

SINGAPORE: A total of 9,500 trainees have been placed in SGUnited jobs programmes within 2,500 companies by the end of February, the Ministry of Manpower (MOM) said on Monday (Apr 12). The initiatives - SGUnited Traineeships and the SGUnited Mid-Career Pathways Programme - were launched in mid ...

1 day ago

Sanofi to invest S$638 million in new vaccine production site in Singapore

PARIS: French drugmaker Sanofi said on Monday (Apr 12) it would invest €400 million (S$637.8 million) over five years in a new vaccine production site in Singapore. The new facility at Tuas Biomedical Park would provide Sanofi with the ability to produce innovative vaccines on a massive scale f ...

1 day ago

Businesses in India's richest state choke under new COVID-19 curbs

Sharanya Pillai - MUMBAI: Retailers, restaurants and theatres in India's richest state are reeling under the impact of harsh restrictions imposed last week by authorities scrambling to curb a resurgence in COVID-19 cases. The western state of Maharashtra, home to India's financial capital Mumbai, has been the worst . ...

1 day ago

Jardine Strategic acquisition to go ahead; resolution passed at special general meeting

Raphael Lim - JARDINE Matheson's acquisition of Jardine Strategic will proceed as planned, following approval by shareholders of Jardine Strategic at a special general meeting on Monday.

1 day ago

Jardine deal goes through; dissenting votes largely from new shareholders, company claims

The Edge Singapore - As expected, Jardine Matheson Holdings’ proposal to acquire the 15% stake in Jardine Strategic it does not already own, has been approved by shareholders of the latter at a Special General Meeting.  Under applicable rules, the deal requires 75% of the Jardine Strategic shareholders to say yes ...

1 day ago

Engineer paid 13-year-old girl for sex for over a year, gets 34 months’ jail

siewfern -

1 day ago

Road cyclists: Govt studying laws, including licensing and theory tests, as part of safety review

asyrafkamil -

1 day ago

Tee International's Q3 net loss widens to S$6.4 million

Raphael Lim - MAINBOARD-LISTED Tee International's net loss widened to S$6.4 million for its third quarter ended Feb 28, from a S$4.1 million loss during the same period a year earlier, it said on Monday.

1 day ago

Companies should look global to seize growth opportunities: Chan Chun Sing

Elysia Tan - COMPANIES should take a global perspective from the beginning and look beyond the domestic market to fuel growth, said Minister for Trade and Industry Chan Chun Sing at a visit to Ascent Solutions on Monday.

1 day ago

Worker on ladder falls 7 storeys to death while moving items at residential unit

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1 day ago

Sri Lanka gets emergency China loan as rupee hits record low

COLOMBO: Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record low. The Sri Lankan embassy in Beijing said the loan agreement with the China Development Bank will "infuse vitally required ...

2 days ago

STI ends in the red along with region

Lee Meixian - THE Straits Times Index (STI) extended declines from last week and fell 10.61 points or 0.33 per cent to 3,173.93 on Monday, in line with the region.

2 days ago

ICG subsidiary acquires cement-related assets in Kazakhstan

Raphael Lim - MAINBOARD-LISTED International Cement Group (ICG) has announced that its subsidiary Sharcem has entered into a sale and purchase agreement to acquire cement-related assets in Kazakhstan on an "as-is" condition.

2 days ago

Covid-19: Tour group limit to be raised from 20 to 50, 8-hour restriction on tours scrapped, says STB

gordon.feeney -

2 days ago

Missing S$33m case: Lawyer Jeffrey Ong denied bail again as judge calls defence arguments a ‘red herring’

yasmine.yahya -

2 days ago

International Cement Group to acquire cement plant in Kazakhstan for $22 mil

Atiqah Mokhtar - International Cement Group (ICG) plans to acquire cement-related assets in Kazakhstan for a cash consideration of KZT 7.07 billion ($22.11 million). In a filing to the Singapore Exchange (SGX) dated April 12, ICG announced that its wholly-owned subsidiary International Cement Share has incorporated ...

2 days ago

Suspension of late payment charges on HDB mortgage, public rental arrears extended to Sept 30

asyrafkamil -

2 days ago

Huawei says HSBC agrees document access in Hong Kong court

Neil Behrmann - HONG KONG: Chinese tech giant Huawei on Monday (Apr 12) said it had reached an agreement with HSBC in Hong Kong to secure documents that its senior executive Meng Wanzhou hopes will help her fight extradition to the United States from Canada. Chief financial officer Meng - whose father is the ...

2 days ago

French firm Sanofi invests S$638 million to build vaccine production facility in Tuas South

siewfern -

2 days ago

Singapore's Silver Bullion prepares vault for 15,000 tons of silver amid boom

Bloomberg - Inside a six-story high warehouse near Singapore’s Changi airport, a vast hangar-like space is waiting to be filled with a precious metal that usually plays second fiddle to its more lustrous sibling. The vault that’s being built by Silver Bullion will -- when completed in the first half of ...

2 days ago

Support from peers can help reduce risk of depression, anxiety in new mothers: NUS study

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2 days ago

200 have found full-time jobs while undergoing SGUnited traineeships, attachments: MOM

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2 days ago

Continue to 'add' FLCT as it joins the STI: CGS-CIMB

Atiqah Mokhtar - CGS-CIMB Research analyst Lock Mun Yee has maintained her ‘add’ call for Frasers Logistics & Commercial Trust (FLCT) following the REIT’s inclusion in the Straits Times Index (STI) from April 13. Her target price of $1.57 also remains unchanged. “We continue to like FLCT’s visible inor ...

2 days ago

Clemens Philippi joins MSIG Asia as chief operating officer

Lisa Kriwangko - MSIG Asia is welcoming Clemens Philippi as chief operating officer (COO) and the newest member of its executive committee.

2 days ago

SGX securities turnover value up 50% to S$38.7b in March

Vivienne Tay - TOTAL market turnover value on the Singapore Exchange (SGX) reached S$38.75 billion in March, up 50 per cent from S$25.78 billion in February. Turnover for the January to March period rose 12 per cent year on year to S$94.2 billion.

2 days ago

RHB remains optimistic on ST Engineering despite unsuccessful bid for Cubic Corp

Atiqah Mokhtar - RHB Group Research analyst Shekar Jaiswal remains optimistic on ST Engineering’s earnings recovery for FY2021 ending December, despite the company's unsuccessful bid for Cubic Corp. The analyst retained his ‘buy’ rating for the counter, with a higher target price of $4.50 from $4.25 previ ...

2 days ago

Club bouncer pleads guilty to driving into knife-wielding man three times in a bid to detain him

maria.almenoar -

2 days ago

Brokers' take: CGS-CIMB positive on Digi, Axiata as companies pursue merger

Lisa Kriwangko - CGS-CIMB on Friday upgraded Malaysia-listed DiGi.com to "add" from its previous "hold", with a higher target price of RM4.55 from its previous RM4.00. It also raised its target price for Axiata Group to RM4.20, from RM4.10 previously. CGS-CIMB has an "add" call on Axia ...

2 days ago

Sanofi plans to invest 400m euros to manufacture vaccines in Singapore

GAYLE GOH - GLOBAL biopharmaceutical company Sanofi plans to invest 400 million euros (S$639 million) over five years to create a new vaccine production site in Singapore.

2 days ago

NUS student expelled after allegedly filming sex acts with 2 women without their consent

kenneth.cjw -

2 days ago

9,500 people have taken on SGUnited traineeships, attachments so far: MOM

Sharon See - ABOUT 9,500 people have so far taken up government-funded traineeships and attachment programmes introduced in June last year, with about 160 having completed the programme, according to the Ministry of Manpower's (MOM) 21st edition of the Jobs Situation Report.

2 days ago

Staff-served buffet lines in Singapore allowed to resume

Lynette Tan - BUFFET lines, which were suspended last year due to the Covid-19 pandemic, will be allowed to resume starting April 12, according to the Association of Catering Professionals Singapore (ACAPS).

2 days ago

Staff-served buffet lines for business events in Singapore allowed to resume

Lynette Tan - BUFFET lines, which were suspended last year due to the Covid-19 pandemic, will be allowed to resume starting April 12, but only for business events and if the food is served by staff, according to the Association of Catering Professionals Singapore (ACAPS).

2 days ago

Brokers' take: RHB raises target price on ST Engg to S$4.50, maintains 'buy' call

Ong Sing Yee - RHB has raised its target price on ST Engineering (STE) to S$4.50 from S$4.25 previously, while maintaining its "buy" call.

2 days ago

Alibaba shares soar as it plays down hit from record US$2.78 billion fine

Sharanya Pillai - Shares in tech giant Alibaba surged nine percent Monday as the ecommerce titan reassured investors that a record $2.78 billion antitrust fine imposed by China would have little impact on its operations.

2 days ago

25 new Covid-19 infections in Singapore, all imported

michelle.lee -