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

Bottoms up: The worst is over for ThaiBev

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No After 13 months of negative growth, beer production rose in the last few months of 2018. ThaiBev's stock perfomance has been highly hit by the weak alcohol consumption in Thailand in 2018. However, beer production levels have started to p ...

2 days ago

Chart of the Day: S-REITs maintain strong gains in January

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Lippo Malls Indonesia Retail Trust recorded a return of 18.1%. This chart from the Singapore Exchange (SGX) shows that S-REITs extended their gains in early 2019, with Lippo Malls Indonesia Retail Trust sealing the highest return of 18.1% in ...

2 days ago

Daily Briefing: Singapore firms are not investing enough in employee training; Urban planners revive Singapore's 50ha in unused spaces

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No And boutique investment bank W Capital Markets is on a hiring spree. From Channel News Asia: Firms in Singapore are not investing enough into employee training with only 12% having done so in 2018, according to the Singapore Business Federat ...

2 days ago

Daily Markets Briefing: STI down 0.45%

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Investors were optimistic about easing trade tensions. The Straits Times Index (STI) ended 14.67 or 0.45% lower at 3,214.44. The top active stocks were DBS, which dipped 0.36%, UOB, which fell 0.53%, Singtel, which slipped 0.33%, OCBC, which ...

2 days ago

Netflix forecast misses Wall Street view, shares dip

Vivien Shiao - Netflix Inc forecast first-quarter revenue slightly below Wall Street estimates on Thursday (Jan 17), even after a record quarter for new customers, sending shares of the world's largest streaming service down 4 per cent in after-hours trading. Investors may have been hoping for more after Netflix . ...

2 days ago

Singapore shares open higher on Friday, STI up 0.24% to 3,222.03

Ng Ren Jye - SINGAPORE stocks opened higher on Friday, with the Straits Times Index advancing 7.59 points, or 0.24 per cent to 3,222.03 as at 9.05am.

2 days ago

ESR-Reit posts Q4 DPU of 1.005 Singapore cents in first results since VIT merger

Nisha Ramchandani - ESR-Reit posted a distribution per unit of 1.005 Singapore cents for the fourth quarter ended Dec 31, 2018, up 8.2 per cent year on year.

2 days ago

Stocks to watch: Courts Asia, ESR-Reit, OUE Lippo Healthcare Limited, Chaswood, GS Holdings

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

2 days ago

Stocks to watch: Courts Asia, ESR-Reit, Chaswood, GS Holdings, AGV Group

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

2 days ago

Let’s not sell ourselves short

Tong Kooi Ong - SINGAPORE (Jan 21): Why do I say this? There has been much talk and discussion about how New Malaysia should move forward from hereon. We know that government finances are stretched and, therefore, can no longer prop up the economy with huge spending. We also know that the people are struggling, wi ...

2 days ago

Asia-focused infra investor Equis on road to raise $2b fund

Aastha Maheshwari - Since 2011, Equis has raised over $2.7 billion in private equity, and has completed 10 investments in the Asia-pacific region. The post Asia-focused infra investor Equis on road to raise $2b fund appeared first on DealStreetAsia.

2 days ago

China's envoy to Canada says Huawei 5G ban would have repercussions

Vivien Shiao - China's envoy to Canada on Thursday warned Ottawa of possible repercussions if it banned technology firm Huawei from supplying equipment to Canadian 5G networks, in the latest blast in a deepening bilateral dispute.

2 days ago

Asia stocks gain on hopes for eased US-China tension

Ng Ren Jye - Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.

2 days ago

American Express misses estimates on slowing customer spending; shares drop

Ng Ren Jye - American Express Co missed Wall Street's fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.

2 days ago

Japan retailer Nojima makes offer for Courts Asia at S$0.205 apiece

Nisha Ramchandani - A UNIT of Japanese electronics retailer Nojima Corp is making a conditional cash offer for Courts Asia at S$0.205 per share as it seeks to gain a strong foothold in South-east Asia, the Singapore company announced before market open on Friday.

2 days ago

Japan retailer Nojima makes offer for Courts Asia at S$0.205 apiece; share price up 31.6% after midday break

Nisha Ramchandani - A UNIT of Japanese electronics retailer Nojima Corp is making a conditional cash offer for Courts Asia at S$0.205 per share as it seeks to gain a strong foothold in South-east Asia, the Singapore company announced before market open on Friday.

2 days ago

Japan retailer Nojima makes offer for Courts Asia at S$0.205 per share

Nisha Ramchandani - A UNIT of Japanese electronics retailer Nojima Corp is making a conditional cash offer for Courts Asia at S$0.205 per share as it seeks to gain a strong foothold in South-east Asia.

2 days ago

Consumer giants spurn risks to chase online subscribers

Ng Ren Jye - Major consumer companies including Unilever, Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.

2 days ago

ESR-REIT records 8.2% higher 4Q DPU of 1.005 cents with enlarged portfolio

Michelle Zhu - SINGAPORE (Jan 18): The manager of ESR-REIT posted a 4Q18 distribution per unit (DPU) of 1.005 cents, 8.2% higher than the 0.929 cents declared from a year ago. Gross revenue in the latest quarter more than doubled to $58.4 million from $27.2 million in 4Q17, after registering full quarter contribu ...

2 days ago

Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima

PC Lee - SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares. The offer price represents an approximately 34.9% premium abov ...

2 days ago

Four Audi managers indicted in US VW diesel emissions probe: documents

Ann Williams - A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's luxury Audi unit as part of the U.S. government's investigation into the German automaker's diesel emissions cheating scandal, according to court documents.

2 days ago

UK in deadlock over Brexit 'Plan B' as May and Corbyn tussle

Ann Williams - Prime Minister Theresa May will on Thursday try to break the impasse in Britain's political elite over how to leave the European Union by searching for a last-minute exit deal though there was so far little sign of compromise.

2 days ago

Commentary: Forget open-plan workspaces, it's time to bring back the office cubicle

Ann Williams - Office workers are looking for privacy in open-plan offices and are demanding for separate spaces, Financial Times' Elaine Moore points out.

2 days ago

Commentary: Billions spent on aid and development but what has been achieved?

Ann Williams - Making every development dollar count requires us to take a good hard look at how much benefit each intervention programme reaps and prioritise accordingly, says Professor Bjorn Lomborg.

2 days ago

TODAY's morning brief for Friday, Jan 18

amanda.eber - 52 min 6 sec ago

2 days ago

Four Audi managers indicted in US VW diesel emissions probe: court documents

Ann Williams - A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's luxury Audi unit as part of the U.S. government's investigation into the German automaker's diesel emissions cheating scandal, according to court documents.

2 days ago

Wall Street rises on report of US considering end to China tariffs

Ann Williams - US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan 30.

2 days ago

Audi Hungary workers to hold warning strike on Friday

Ann Williams - Workers at German carmaker Audi's plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they try to force the company to narrow the wage gap between their salaries and those of Western and regional peers.

2 days ago

American Express misses estimates on higher provisions, expenses

Ann Williams - REUTERS: American Express Co missed Wall Street's fourth-quarter profit estimates on Thursday, hurt by higher expenses and provisions for credit losses. The company's shares fell 2.5 percent in extended trading after it reported that provisions for credit losses rose 14 percent to US$954 million ...

2 days ago

Firms seek funds, labour to beef up tech: SBF

Annabeth Leow - COMPANIES here want help with both funds and skilled labour to beef up their technology, said Singapore Business Federation (SBF) chief executive Ho Meng Kit.

2 days ago

CenturyLink opens its first S-E Asia security operations centre in Singapore

Navin Sregantan - US-HEADQUARTERED communications and data services player CenturyLink launched its first security operations centre (SOC) in South-east Asia in Singapore on Thursday, to address the growing needs of enterprises in the Asia-Pacific region to handle cybersecurity threats.

2 days ago

Most SMEs confident about overcoming cyber breach: survey

Nisha Ramchandani - MOST local small and medium enterprises (SMEs) appear confident they would be able to overcome a cyber breach following an attack, but about a third of them who experienced cyber incidents did not know which data files were affected, a survey highlighted.

2 days ago

Look to India for growth, ESG urges Singapore consumer firms

Annabeth Leow - THE size and structure of India's economy make it an attractive market for Singapore's consumer players, even amid fears of a global downturn.

2 days ago

Forchn plans for second, bigger fund to shop for S-E Asian assets

Lynette Tan - THE ink has barely dried since Forchn Holdings launched a US$150-million private equity fund last year to buy logistics real estate in South-east Asia but already the sponsor of EC World Reit has plans to launch a second, bigger fund.

2 days ago

Populism is now going mainstream

Leon Hadar - PUNDITS have been speculating recently that the political momentum of the populist insurgencies that we have witnessed in recent years may be slowing down and predict that voters in Western countries would eventually gravitate back to the political centre.

2 days ago

The economy can't shrug off the shutdown forever

Noah Smith - FOR months now, commentators and economists have been warily eyeing the US economy and asking what will cause the next recession. Risky corporate debt seemed to be building up in the system, but with profits robust and interest rates low, servicing the debt didn't seem to be a problem. The Fed ...