2 days ago
Nintendo announces 290 billion yen share sale by Kyoto bank and others
Nintendo’s shares pared gains and closed up nearly 3% following a Reuters report
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Digital Realty to open AI testing labs in Singapore and Japan this year
Nurdianah Md Nur - Digital Realty is expanding its Digital Realty Innovation Lab (DRIL) network to Singapore and Japan as enterprises in Asia Pacific accelerate artificial intelligence (AI) deployments. The new DRIL sites will provide live environments where customers and partners can test AI and hybrid cloud architec ...
2 days ago
Analysts raise target prices for Food Empire with strong growth expected across key markets
Chloe Lim - This also comes after core Patmi for 2025 rose 38% year on year, beating expectations
2 days ago
Hyundai Motor to invest 9 trillion won in AI, robotics centre
The facilities will be built in the Saemangeum area, which is about 270 kilometres southwest of Seoul
2 days ago
Sunway Healthcare seeks RM2.9 billion from Malaysia IPO
The company is looking to add as many as five more hospitals in the coming years, with three under construction
2 days ago
Death and taxes are certain for Singapore smokers
Douglas Toh - Two weeks ago, Singapore raised the tax on tobacco products by 20%. The aim, of course, is to curb smoking. But does the strategy work? Policymakers seem to think so. Levies on tobacco were implemented in 2018 and again in 2023. In 2020, tobacco companies were banned from displaying branding — rep ...
2 days ago
CDL aims to divest UK development platform within 2026: CEO Sherman Kwek
Jovi Ho and Felicia Tan - City Developments (CDL) is aiming to “monetise” all assets in its UK development platform by the end of the year, announced CEO Sherman Kwek at the group’s results briefing on Feb 27. After two assets were sold in 2024 and 2025, five properties remain with a carrying value of some $800 million ...
2 days ago
Let’s go beyond task forces and workgroups when tackling problems
Kwan Wei Kevin Tan - National Development Minister Chee Hong Tat is a busy man. Besides addressing the housing woes of Singaporeans by ramping up our housing supply, Chee is also the deputy chairman of the Monetary Authority of Singapore (MAS). The dual roles essentially make Chee the nation’s point man for the city-s ...
2 days ago
Panama officials search CK Hutchison’s subsidiary office: source
The decision has sparked a battle embroiling both Beijing and Washington
2 days ago
Trump messes with MEVs, ECLs
Goola Warden - Under US President Donald Trump’s so-called trade policy, the on-and-off implementation of tariffs messes up global trade and supply chains. Although Asean growth has exceeded expectations in countries such as Singapore and Malaysia, companies and financial institutions remain prepared for uncerta ...
2 days ago
Tiong Woon’s turnaround story goes beyond ‘just rental, rental, rental’
Felicia Tan - Mainboard-listed heavy lift specialist Tiong Woon Corporation has long been overlooked by the market. For the better part of the last five years, its shares have been languishing between 40 and 60 cents. All that changed since mid-2025 when the stock surged to a high of $1.04 as at Feb 25, more than ...
2 days ago
Japan finance minister signals greater vigilance over the yen's weakness
TOKYO, Feb 27 : Japanese Finance Minister Satsuki Katayama on Friday signalled heightened vigilance over currency moves, telling parliament the government is monitoring the yen's recent slide with a strong sense of urgency."We are watching recent movements very closely, with a strong sense ...
2 days ago
NTT Data to boost India headcount by 5,000 this year, exec says
Feb 27 : Japanese technology firm NTT Data plans to raise its India headcount by 5,000 employees this year across software programming, consulting and IT support, a senior executive told Reuters. Large IT contracts of more than $100 million have doubled in the last 12 months, with deals stemmin
2 days ago
Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say
TOKYO, Feb 27 : Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the "Super Mario" maker, according to three sources familiar with the situation. The sale is expected to total roughly 300 billion yen ...
2 days ago
Indonesia court jails ex-CEOs of Pertamina units in major graft case
The case is one of the biggest launched under the administration of President Prabowo Subianto
2 days ago
Back in business: ASTI Holdings’ clean comeback from suspension to resumption
Teo Zheng Long - Not all companies that delisted from the exchange did so because their controlling shareholders lost patience with the persistent, perceived undervaluation of their businesses. Some were asked by the Singapore Exchange (SGX) to delist for reasons ranging from failure to comply with regulations to li ...
2 days ago
Human-driven cars may go the way of cycle rickshaws
Nirgunan Tiruchelvam - I first arrived in Singapore in 1997. In those days, Boat Quay was packed. The area had been gentrified, and the filthy shophouses had been converted into bars and restaurants. At the edge of Boat Quay, there would be a row of cycle rickshaws waiting for customers. The rickshaw riders were old men w ...
2 days ago
450 high-net-worth investors granted Singapore PR under Global Investor Programme from 2015 to 2025
Tessa Oh - About S$500 million of their funds is invested directly in Singapore-based businesses
2 days ago
450 investors granted Singapore PR under Global Investor Programme over 10 years
Tessa Oh - About S$500 million of their funds has been invested directly in Singapore-based businesses
2 days ago
GDI launches with ambition to shape Asean governance
Kwan Wei Kevin Tan and Felicia Tan - The newly launched corporate governance body GDInstitute (GDI) may be only months old, but founder Mak Yuen Teen says the idea for the non-profit goes back decades. “Actually, 20 years ago, there were a few directors who approached me and said they had some unhappiness with the existing director ...
2 days ago
Gold steady as investors weigh progress in US-Iran talks
Markets currently expect three 25-basis-point rate cuts from the Federal Reserve this year, according to CME’s FedWatch Tool
2 days ago
Sweet succession: The heir rewriting Vietnam’s largest sugar empire
Jamille Tran - Dang Huynh Uc My is determined that sugar alone will not define AgriS’ future
2 days ago
Next gen steers Vietnam’s US$1 billion sugar empire to go global - starting with three-person Singapore office
Jamille Tran - Chairwoman Dang Huynh Uc My is determined that sugar alone will not define AgriS’ future
2 days ago
The trade war just got a lot more complicated
Manu Bhaskaran - There’s never a dull moment in world trade these days, certainly not since US President Donald Trump unleashed his trade war last April. Last week’s US Supreme Court judgement invalidating much of his tariffs will impede the president’s trade strategy, but Trump is undeterred, vowing during hi ...
2 days ago
Revitalising Singapore’s equity market: What the MAS package fixes and doesn’t
Lee Ooi Keng - Singapore’s equity market staged a convincing rally last year. The Straits Times Index (STI) rose 22.7%, turnover surged 21% to nearly $1.5 billion daily, and IPO proceeds reached US$2.5 billion ($3.15 billion), a forty-fold jump from 2024’s dismal US$64 million. These numbers seemed to vindicat ...
2 days ago
Local horses aplenty to make this a ‘no horse run’ year
Chew Sutat - Among Singapore’s army boys, “no horse run” refers to the especially fleet-footed among them. The uniquely Singapore phrase, a direct translation from Hokkien bo beh zao, which came from the horse-racing crowd, used to refer to incomparable thoroughbreds in a league of their own. The Turf Club ...
2 days ago
Why the AI boom is creating memory chip shortages
Assif Shameen - Can you guess the best-performing stock market in the world this year? Or the planet’s top market last year? South Korea’s Seoul bourse is the far-and-away leader — up 39.4% in the eight weeks so far this year, 139% over the past 12 months and 151% since January last year. The massive rally ov ...
2 days ago
Meta signs multi-billion-dollar deal to rent Google AI chips: report
The Facebook owner has also signed a deal with Nvidia to buy its current and future AI chips
2 days ago
Shares of property players rise on higher earnings; UOL up 6.3%, CDL gains 4.4%
Deon Loke - UOL’s H2 net profit rises 21% while CDL’s was up over four times to S$538.5 million
2 days ago
Local start-up Aires targets compliance-driven quantum encryption market
Nurdianah Md Nur - While it remains unclear when a large-scale quantum computer might be able to break today’s encryption, regulators are not waiting. The G7 has urged financial institutions to prepare for quantum-safe migration. In February 2024, the Monetary Authority of Singapore (MAS) issued an advisory highligh ...
2 days ago
An economic survey from the supermarket shelf
Daryl Guppy - I love visiting and exploring Chinese supermarkets. Let me explain. Flying to a conference event in China is often not as simple as arriving, attending and departing. Due to flight schedules, there is often additional “free” time before and after the conference, as well as after the endless roun ...
2 days ago
Oil heads for weekly decline as US, Iran extend talks
Feb 27 : Oil prices inched down on Friday and were on track for a weekly decline after the United States and Iran extended nuclear talks, easing concerns about potential hostilities that could disrupt supply, while OPEC+ may resume output hike at its Sunday meeting.Brent crude futures lost 5 cents t ...
2 days ago
Oil prices edge lower after US, Iran extend talks
(Corrects to add keywords for media subscribers)By Nicole JaoFeb 26 : Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programme, easing concerns about potential hostilities that could disrupt supply.
2 days ago
Oil prices rise more than 2% as US and Iran extend talks into next week
LONDON, Feb 27 : Oil prices rose more than 2 per cent on Friday as traders remained on alert for potential supply disruptions after the United States and Iran extended nuclear talks. Brent crude futures advanced by $1.49, or 2.1 per cent, to $72.24 a barrel by 1230 GMT while U.S. West Texas Intermed ...