1 day ago
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
From two weeks to two hours: how AI might reboot Britain's economy
LONDON :When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped.Colleagues in another team running checks against corporate fraud created a report for customers in two hours, something that previously took two weeks.The ...
1 day ago
Singapore beats Hong Kong in gross tonnage registered as more vessels reflag
Tay Peck Gek - Higher tonnage in September makes Singapore the fourth-largest ship registry in the world
1 day ago
Singapore climbs ahead of Hong Kong in gross tonnage registered as more vessels reflagged
Tay Peck Gek - Higher tonnage in September makes Singapore the fourth-largest ship registry in the world
1 day ago
Analysis:Shein's first bricks-and-mortar shop highlights department stores' existential pain
PARIS :Shein's move into the flagship BHV in Paris has added political heat to the troubles of department stores, which are facing an existential threat from shoppers' shift to online retailers offering ultra-fast fashion.The Chinese budget retailer opened its first bricks-and-mortar shop ...
1 day ago
Thailand eyes tougher gold-trade rules after baht swings
The currency hit a four-year high in September
1 day ago
Alibaba’s Qwen powers latest version of Singapore AI’s home-grown Sea-Lion LLM
Chloe Lim - The partnership also sees Alibaba offering technical support for “advanced post-training” of the LLM
1 day ago
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
Qwen’s debut underscores how AI apps have set new highs for rapid adoption in recent times
1 day ago
Morningstar keeps US$7.10 target price on ‘undervalued’ Hongkong Land
Jovi Ho - Morningstar Equity Research analyst Xavier Lee is maintaining his US$7.10 ($9.28) fair value estimate for “narrow-moat” Singapore-listed property developer Hongkong Land, which last week posted 13% lower y-o-y underlying profit for 3QFY2025 ended Sept 30. “The shares remain undervalued, tradin ...
1 day ago
Singapore’s core, headline inflation both rise to higher-than-expected 1.2% in October
Elysia Tan - MAS and MTI maintain their outlooks
1 day ago
Singapore’s core inflation up by 1.2% y-o-y in October from higher inflation in services, food and retail & other goods
Felicia Tan - Core inflation, or Monetary Authority of Singapore (MAS) core inflation, picked up in October, coming in 1.2% higher y-o-y, compared to 0.4% in September. Core inflation, which excludes accommodation and private transport, rose by 0.5% m-o-m. The higher reading was due to higher inflation in service ...
1 day ago
More than 2 in 3 Asian businesses are more certain about trade than 6 months ago: HSBC
Kwan Wei Kevin Tan - More than 2 in 3, or 68%, of Asian businesses surveyed by HSBC, feel more certain about trade than they were six months ago, HSBC says in a statement on Nov 24. The statement cites findings from HSBC’s Trade Pulse Report, which was published on Nov 18. The first report in the series was released i ...
1 day ago
Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim
Shikhar Gupta - Claims involve alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah’s bags and jewellery
1 day ago
Singapore’s tourism to enjoy near-term tailwinds from China trip cancellations: DBS
Samantha Chiew - In a recent note, DBS Research is expecting a meaningful uplift for Singapore’ tourism operational metrics arising from the China-Japan rift. Around 30% of the 1.44 million China-to-Japan trips planned for the rest of the year have been cancelled following Beijing’s advisory to avoid travel to J ...
1 day ago
ST Engineering to deliver SAR satellite as part of UAE’s National SAR Constellation Programme
The Edge Singapore - Singapore Technologies Engineering (ST Engineering) has been selected by FADA to deliver a synthetic aperture radar (SAR) satellite as part of the UAE National SAR Constellation Programme, Sirb. FADA is the space-focused entity under EDGE Group. According to ST Engineering, the project aims to enhan ...
1 day ago
Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030
Chong Xin Wei - Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core positions
1 day ago
Malaysia says it plans to ban social media for under-16s from 2026
France, Spain, Italy, Denmark and Greece are also jointly testing a template for an age verification app
1 day ago
Indian central bank likely intervenes to prop up rupee before local market open, traders say
[MUMBAI] The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders...
1 day ago
Asia: Stocks rise as US rate hopes soothe nerves after torrid week
ASIAN markets mostly rose on Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster...
1 day ago
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes
1 day ago
Owning luxury hotels is tough but can be richly rewarding for patient capital
Leslie Yee - Jardine Matheson and Frasers Property could gain from hotel ownership over the long term
1 day ago
GIC and ADIA-backed Vantage Data Centres finalises acquisition of Johor data centre and US$1.6 bil funding led by SWFs
Daoyi Lin - Vantage Data Centres, has announced that it has closed the acquisition of a hyperscale data centre campus located in the Johor-Singapore Special Economic Zone (JS-SEZ). This will be the data centre provider’s third campus in Malaysia. The campus, JHB1, is one of the largest of its kind in southeas ...
1 day ago
Lenovo stockpiling PC memory due to ‘unprecedented’ AI squeeze
[TAIPEI] Lenovo Group is stockpiling memory and other critical components to navigate a supply crunch brought on by the boom in artificial...
1 day ago
Oil falls as Ukraine peace talks edge toward a solution
[PERTH] Oil prices slipped on Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the...
1 day ago
CNN pulls stories from Apple News feed, Semafor reports
CNN has removed its stories from Apple News, ending its content-sharing agreement with the platform, Semafor reported on Sunday.The two companies are discussing a new deal that would restore CNN's stories to Apple News, the report said.Reuters could not immediately verify the report. Apple and ...
1 day ago
OCBC steps up anti-scam measures with in-app calling feature
Nurdianah Md Nur - OCBC Bank will progressively make in-app calling available to its retail banking customers, giving them an easier way to reach the bank while reducing exposure to phone-based scams. The bank expects the capability to be especially valuable to customers who need urgent assistance while abroad, such a ...
1 day ago
Scammed while travelling? OCBC rolls out free in-app calls for all customers
Chloe Lim - Bank says business and retail customers currently make over 8,000 calls to the bank each month while overseas
1 day ago
Three companies picked to supply methanol at Singapore port in drive to be sustainable bunkering hub
Shikhar Gupta - Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel
1 day ago
UBS values Sembcorp Industries at $7.65 from value unlock
The Edge Singapore - UBS has issued a report valuing Sembcorp Industries (SCI) at $7.65 per share, up from its last done share price of $6.13 on Nov 24. The rationale is that SCI could unlock $3.5 billion to $5.5 billion in proceeds from its Indian portfolio if it were fully monetised. “Amid news reports that SCI is e ...
1 day ago
Gold dips as US dollar firms on reduced rate-cut prospects
The precious metal, a non-yielding asset, tends to do well in low-interest-rate environments
1 day ago
Parsing China's economy by looking through where glass prices slide
Tommy Xie - I wrapped up my final business trip of the year last week, and as usual, it came with the “China macro field-trip package”: conversations with regulators, corporates, and institutional clients. Sentiment remained mixed, though the obsession with Trump’s tariffs seems to be fading slightly. Man ...
1 day ago
Analysts reaffirm their respective ‘buy’ calls on Centurion Corp following 3QFY2025 business update
Teo Zheng Long - Numerous analysts are keeping their “buy” call on Centurion Corporation with their target prices ranging from $1.52 to $1.90, following the recent business update for 3QFY2025 ended Sept 30. Eric Ong of Maybank Securities has maintained his “buy” call on Centurion Corporation with a target p ...
1 day ago
Oil steady as investors weigh hopes for Ukraine peace talks, Fed rate cut
NEW DELHI :Oil prices took a breather on Monday after last week's fall of about 3 per cent, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine wer ...
1 day ago
Oil declines further as investors weigh hopes for Ukraine peace talks, Fed rate cut
LONDON :Oil prices fell on Monday, extending last week's decline of about 3 per cent, as investors weighed the chances for a U.S. rate cut against the prospect of a Ukraine peace deal that could lead to an easing of sanctions on major producer Russia. The United States and Ukraine were set to r ...