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

Asian markets retreat as traders await earnings season

Sharanya Pillai - Equities fell in Asia on Monday as investors awaited the next earnings season with high hopes for strong reports and outlooks as the recovery progresses, while the head of the Federal Reserve reiterated his view the economy was improving but warned the virus still posed a risk.

2 days ago

Huawei launches cloud support program for SMEs in APAC

Atiqah Mokhtar - Huawei has launched a program with its partners in Asia Pacific to support small and medium enterprises (SMEs) by delivering technical support to aid economic recovery, the company announced on April 12. Under its SME Support Program, eligible SMEs can receive coupons worth up to US$3,000 ($4,023.49 ...

2 days ago

Pan Ocean Co signs long-term time charter contract with Shell worth around US$55m

S Priyashini - MAINBOARD-LISTED shipping company Pan Ocean Co entered into a time charter contract on April 9 for a liquefied natural gas (LNG) bunkering vessel with Shell NA LNG, the firm said in a bourse filing on Monday.

2 days ago

Increased port dues to weigh down ships visiting Singapore from 2022

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Higher dues will be collected to help maintain the Port of Singapore. Maritime vessels may find their operations weighed down in 2022, as the Maritime and Port Authority of Singapore is set to increase its port d ...

2 days ago

Econ Healthcare goes public, after nearly a decade in private

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The private nursing home operator has launched a new, relisting IPO. One of the largest private nursing home operators in Singapore and Malaysia, Econ Healthcare, is relisting back to the Catalist Board of the Singa ...

2 days ago

Commentary: It’s mostly sociopaths who want to go back to the office

Employees are playing hard to get, underlying the reality that most do not want to return to the office, says the Financial Times' Henry Mace.

2 days ago

Competition regulator extends public feedback on Aon, Willis Towers Watson merger

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Competition and Consumer Commission of Singapore is assessing whether the transaction infringes the Competition Act. The Competition and Consumer Commission of Singapore (CCCS) is inviting public feedbac ...

2 days ago

Singapore leads regional free trade agreement ratification

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Regional Comprehensive Economic Partnership needs ratification from nine countries. Singapore is the first participant country to ratifiy the Reginal Comprehensive Economic Partnership (RCEP). The regional ag ...

2 days ago

Pan Ocean secures US$55 mil time charter contract for LNG bunkering vessel from Shell

Atiqah Mokhtar - Pan Ocean Co has entered into a time charter contract for a liquified natural gas (LNG) bunkering vessel with Shell NA LNG on April 9 for estimated total sales of approximately US$55 million ($73.63 million). The contract will start from May 2023 and includes two extension options. The total du ...

2 days ago

Singapore staff lack retirement support from employers: survey

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The research also revealed that financial well-being has become a new priority for employers. Working adults in Singapore have ranked retirement planning as their top financial priority, but still some 80% undere ...

2 days ago

SGX queries Allied Tech over executive director; company to respond by April 14

Vivienne Tay - ALLIED Technologies on Monday said it received several queries from the Singapore Exchange Regulation (SGX RegCo) on Saturday regarding executive director Kenneth Low.

2 days ago

Office occupancy heats up as businesses return to the office

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Employees may soon see themselves working from home only once a week. Business occupancy in the Central Business District swelled by 93.9% in Q1 2021, as business leaders prepared to get back to the office according ...

2 days ago

Crowds gather as Lucky Plaza, Penninsula Plaza entry restrictions lifted

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No More people took advantage of eased restrictions to visit the popular shopping centres. More people can visit Lucky Plaza and Peninsula Plaza, following the lifting of weekend entry restrictions by the Singapore ...

2 days ago

Sinarmas, Mitsubishi, Surbana Jurong to develop a transit-oriented development in Greater Jakarta

Lisa Kriwangko - MITBANA, a joint-venture company of Mitsubishi and Surbana Jurong, together with Sinarmas Land through its subsidiary Bumi Serpong Damai, on Monday announced that they will be jointly developing the first interconnected multi-modal transport complex in Greater Jakarta.

2 days ago

Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

Lisa Kriwangko - HONG KONG: A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of IPO applicants after the halting of Ant Group's US$37 billion float. More than 100 companies have ...

2 days ago

Singapore stocks open lower on Monday; STI down 0.2%

Ong Sing Yee - SINGAPORE stocks opened lower on Monday after Wall Street stocks concluded a strong week with fresh records on Friday.

2 days ago

China's Alibaba says to lower entry barriers after record antitrust fine

Lisa Kriwangko - SHANGHAI: Alibaba Group will introduce measures to lower entry barriers and business costs faced by merchants on e-commerce platforms, CEO Daniel Zhang said on Monday (Apr 12), after an antitrust probe found the firm had abused its dominant market position. China on Saturday imposed a record 18 ...

2 days ago

Confidence among UK finance chiefs hits record high: Deloitte

Lisa Kriwangko - LONDON: Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country's coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance officers showed. After the biggest hit to Britain's economy in more than .. ...

2 days ago

Singapore companies miss target for 20% female board members

Bloomberg - Singapore’s largest companies missed a collective target to get more women on their boards, with diversity efforts taking a backseat to combating the coronavirus pandemic. The proportion of women on the boards of the 100 biggest listed companies rose 1.4 percentage points to 17.6% as of end-2020 f ...

2 days ago

Stocks to watch: UOB, Dasin Retail Trust, Nanofilm, GuocoLand

S Priyashini - THE following companies saw new developments that may affect trading of their securities on Monday:

2 days ago

Frasers Hospitality Trust to redeem S$100m 4.45% perps on first call date

Vivienne Tay - THE manager of Frasers Hospitality Trust (FHT) said the real estate investment trust (Reit) will redeem at par all the outstanding securities of its S$100 million, 4.45 per cent perpetual securities. It will do so on May 12, the first call date.

2 days ago

Grab attracts backing from T. Rowe, Temasek for record SPAC deal

Bloomberg - Grab Holdings, the Southeast Asian ride-hailing and delivery giant, has attracted backing from T. Rowe Price Group and Temasek Holdings for its planned merger with a blank-check company, people with knowledge of the matter said. The firms have expressed interest in joining a private invest ...

2 days ago

Surbana Jurong, Mitsubishi and Sinarmas Land to jointly develop Jakarta transport complex

Atiqah Mokhtar - Surbana Jurong and Mitsubishi Corporation's joint venture company Mitbana will be jointly developing a multi-modal transport complex in Greater Jakarta with Bumi Serpong Damai, a subsidiary of Sinarmas Land. The project, which is Mitbana’s first undertaking in Indonesia, involves th ...

2 days ago

Commentary: Managing personal finances is a minefield when you start 'adulting'

The problem goes beyond a lack of financial literacy taught in school. The world of financial planning has transformed since our parents’ generation, making our relationship with money more complicated, says Grace Yeoh.

2 days ago

The Big Read: Consumers smiling as prices tumble but is that all there is to greater telco competition?

Tay Peck Gek - But as companies inevitably bow out amid this war of attrition in the years ahead, there are signs that this era of cheap mobile plans may not last, several experts said.

2 days ago

Some cleaning firms see higher demand as more people return to the workplace, but challenges remain

Tay Peck Gek - SINGAPORE: A day after it was announced that more employees in Singapore will be allowed back at the workplace from Apr 5, Clean Lab received an urgent request for a deep-cleaning service.  “The company asked if we can do a deep clean of their office carpet immediately,” said Clean Lab’s busi ...

2 days ago

Dasin Retail Trust aims to double in size

Lee Meixian - CHINESE shopping mall landlord Dasin Retail Trust's CEO Wang Qiu targets to double the market capitalisation of the business trust from about S$565.3 million (as at April 9) to S$1 billion in three to five years' time.

2 days ago

As rates rise, what should consumers watch for in their mortgages?

Kelly Ng - SINGAPORE'S property market rebounded strongly after a slow first half of the year in 2020, with home prices hitting new highs into the first quarter of this year. This is despite Covid-19 casting a shadow over the broader economy.

2 days ago

Banks to speed up shrinking and shifting of CBD space amid hybrid work

Vivien Shiao - BANKS have scaled back their physical footprints in prime office areas over the last decade, as they reviewed and consolidated their operations. But the pandemic is likely to push some to make more cuts.

2 days ago

Recent events prove gold is no longer a safe haven

Neil Behrmann - GOLD is struggling to bottom out but analysts say the key will be the course of bond yields and the US dollar.

2 days ago

Operators see uneven boost in F&B takings in CBD

Leila Lai - FOOD and beverage (F&B) operators in the central business district (CBD) are still waiting for the return of the lunchtime crowds that used to be a major source of their revenue.

2 days ago

Borden takes new road to succession

Claudia Tan - TO preserve generations of work, Borden Company, which was previously run only by family members of founding partners, has handed the reins over to professional managers as it takes a step towards succession planning.

2 days ago

Generous tax incentives will boost car sales, revive Indonesia's battered vehicle sector

Shoeb Kagda - IT'S A deal just too good to pass over. Indonesians are rushing out to showrooms to buy new cars after the government announced a removal of the luxury tax on some car models from March to May this year.

2 days ago

Boards should address undervaluation of their shares to ensure fairer treatment of minorities

Ben Paul - MANY years ago, while reporting on a group of minority shareholders resisting a lowball offer for their company from its parent, a communications professional working for the acquirer attempted to discredit the dissident investors by telling me a dirty little secret about them.

2 days ago

Top Global's Widjaja continues acquisitions

Geoff Howie - FOR the four trading sessions that spanned April 5 to 8, the Straits Times Index (STI) gained 0.2 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 0.7 per cent gain.

2 days ago

S-Reits under S$1b lead sector in Q1 2021

Emelia Tan - ELEVEN smaller cap Reits in the iEdge S-Reit Index with market capitalisation under S$1 billion have all generated positive returns in Q1 2021. The 11 Reits posted 14.0 per cent total returns in the year-to-date (YTD) through to April 8, outperforming the index's 2.4 per cent total returns.