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

Singapore Stock Market News Singapore Business News Singapore Market Updates



2 days ago
Fees for advanced seat selection in new fare structure for SIA, SilkAir from Jan 2018
Anita Gabriel - COME Jan 20, Singapore Airlines and SilkAir will start charging some Economy Class passengers for advance seat selection.
2 days ago
SIA and SilkAir roll out new airfare pricing
Anita Gabriel - SINGAPORE Airlines and SilkAir will introduce new airfare pricing structure next month, with revisions to advance seat selection, frequent flyer programme mileage accrual rates, baggage allowance, and change and refund flexibility for some fare types.
2 days ago
Joining Disney and Fox's sports channels may raise antitrust concerns: experts
[WASHINGTON] Walt Disney Co's deal to buy a number of Twenty-First Century Fox's businesses includes a plan to add Fox's 22 regional sports networks to Disney's No. 1 sports network ESPN, which could attract the attention of US antitrust regulators, competition experts said on T ...
2 days ago
Christmas could arrive today for Yoma, says DBS
PC Lee - SINGAPORE (Dec 15): Christmas could arrive early today for Yoma Strategic, one of the few listed proxies for the Myanmar property market, says DBS. Myanmar government’s Department of Urban Housing Development (DUHD) is reportedly holding a press conference at 1pm to finally announce the long await ...
2 days ago
Murdoch bets live sports and news will boost new, smaller Fox: analysis
[NEW YORK] Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co.
2 days ago
New Zealand finance minister says "comfortable" with trend in NZ dollar
[WELLINGTON] New Zealand Finance Minister Grant Robertson said on Friday he was comfortable with the general trend of the local currency, which took a hammering over the past few months after a change of government raised uncertainty over planned policy changes.
2 days ago
Brokers' take: DBS lifts Suntec to 'buy' on optimism about management, retail recovery
Kenneth Lim - DBS has upgraded its rating on Suntec Reit to "buy" from "hold", citing confidence in management and a bright outlook for Singapore office rents.
2 days ago
FCL and FCOT to buy UK-based Farnborough Business Park for $316.09m
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No FCOT wants to start expanding its Europe investments in the UK. Frasers Centrepoint Limited (FCL) and Frasers Commercial Trust (FCT) entered a 50:50 joint venture (JV) to buy UK-based Farnborough Business Park (FBP) for $316.09m (£174.6m ...
2 days ago
China says war must not be allowed on Korean peninsula
[BEIJING] The crisis over North Korea's weapons programmes must be resolved through talks, not war, Chinese President Xi Jinping said on Thursday, while UN Secretary-General Antonio Guterres warned of the danger of "sleepwalking" into conflict.
2 days ago
CITIC Envirotech's unjustified price correction a buying op, says UOB
PC Lee - SINGAPORE (Dec 15): UOB KayHian says CITIC Envirotech’s (CEL) recent price correction offers investors a buying opportunity. CEL's share price has fallen from a recent high of 79 cents on Nov 2 to 73 cents now. That's below or around the 82.5 cent and 72.5 cent price level entered in by strategic ...
2 days ago
Union Bank of the Philippines taps regional fintech network
Goola Warden & Chan Chao Peh - SINGAPORE (Dec 18): Union Bank of the Philippines (UBP) is not the largest bank in the Philippines, but it is one of the country’s top universal banks that distinguishes itself through superior technology, unique branch sales and service culture and centralised backroom operations. UBP consistentl ...
2 days ago
Nominations are now open for Singapore Business Review's National Business Awards
Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Projects will be judged on their uniqueness and innovation, effectiveness and dynamism. Singapore Business review is opening nominations for its much anticipated National Business Awards. Now on its third year, the National Business Awards rec ...
2 days ago
Hong Kong: Stocks start the day with losses
[HONG KONG] Hong Kong shares fell soon after opening on Friday, tracking losses across Asia and New York as traders fret over the chances of US tax cuts being passed by Congress.
2 days ago
US co-working giant WeWork takes first step into Singapore and Southeast Asia
SEAN HENDERSON - Rapid growth is on the cards following the opening of WeWork Beach Centre on Thursday, with its second location in Singapore due to be ready early next year.
2 days ago
South Korea blockchain association announces virtual currency transparency measures
[SEOUL] A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world's busiest virtual currency exchange, Bitthumb.
2 days ago
Hong Kong's Li & Fung set to open up 6.6% on US$1.1b divestment
[HONG KONG] Shares of Li & Fung Ltd were set to open up 6.6 per cent on Friday after the global exporter said it would divest its furniture, beauty and sweaters businesses for $1.1 billion.
2 days ago
Australia: Shares retreat led by banks; NZ flat
[BENGALURU] Australian shares fell back below 6,000 points on Friday, led mostly by banking stocks after the financial transactions watchdog increased the number of money laundering claims against Commonwealth Bank of Australia, the nation's largest lender.
2 days ago
Facebook moves to make more video ad money
[SAN FRANCISCO] Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube.
2 days ago
Theresa May asks EU to be creative when Brexit talks turn to trade
[BRUSSELS] UK Prime Minister Theresa May asked European leaders to be creative and to persevere to reach a deal when Brexit negotiations move on to trade.
2 days ago
Malaysia: Shares open lower on Friday
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.93 points to 1,755.07 as at 9.01am.
2 days ago
Singapore shares decline at Friday's open; STI down 0.57% to 3,416.29
Kenneth Lim - SINGAPORE stocks opened weaker on Friday, with the Straits Times Index falling 0.57 per cent or 19.49 points to 3,416.29 as at 9am after the European Central Bank raised its growth forecast but held its quantitative easing policy steady.
2 days ago
Daily Markets Briefing: STI down 0.95%
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No The STI could head south today. The Straits Times Index (STI) ended 32.99 points or 0.95% lower to 3435.78, taking the year-to-date performance to +19.27%. The top active stocks were DBS, which declined 1.27%, UOB, which declined 1.42%, Singte ...
2 days ago
Stocks to watch: Oxley, TMC Education, Frasers Commercial Trust, Koyo
PC Lee - SINGAPORE (Dec 15): Here are some stocks that could move the market this Friday morning: Oxley Holdings says the collective sale tender of Vista Park has been awarded to subsidiary, Oxley Spinel, at a price of $418 million. Oxley Spinel, which plans to redevelop the property, will apply to the Singa ...
2 days ago
TMC Education stock jumps on news of takeover bid by property magnate
Anita Gabriel - TMC Education Corp shares jumped three Singapore cents or 75 per cent to seven Singapore cents when it resumed trading on Friday following news of a takeover bid by hotel and property magnate Koh Wee Meng.
2 days ago
TMC Education gets S$5.5m takeover offer from Fragrance Group's Koh Wee Meng
Anita Gabriel - TMC Education Corp has received a S$5.5 million takeover over from a private vehicle of Fragrance Group's Koh Wee Meng at 6.75 Singapore cents apiece.
2 days ago
Daily Briefing: SIA challenged by air capacity woes; Dairy Farm beats Sheng Siong in profitability
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No And here's a local fashion brand that saw revenue grow to $10m thanks to e-commerce. From The Vulcan Post via Yahoo! Finance: Love, Bonito has become a household name over the years, proving that it’s not some obscure local fashion b ...
2 days ago
Chart of the Day: Firms in the financial sector raised US$17.3b from bonds
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It took up 57.9% of the total bond proceeds issued by Singapore borrowers. This chart from Thomson Reuters shows Singaporean companies from the financials sector tapped the bond markets and raised US$17.3b, a 16.6% increase in proceeds compare ...
2 days ago
Stocks to watch: TMC Education, LHN, KTL Global, United Engineers
Kenneth Lim - THE following companies saw new developments that could affect trading of their shares on Friday:
2 days ago
Tokyo: Stocks open lower on worries over US tax cut
[TOKYO] Tokyo stocks opened lower on Friday despite the central Bank of Japan's release of a robust business confidence survey, as fresh doubts about US tax cut plans weighed on investors.
2 days ago
World's biggest pension fund says AI will replace asset managers
Bloomberg - TOKYO (Dec 15): Hiromichi Mizuno was named chief investment officer of Japan’s Government Pension Investment Fund, the world’s biggest manager of retirement savings, in 2014. He has since led a push to increase equity holdings and advocated for incorporating ESG, or environmental, social and go ...
2 days ago
LHN to price HK dual-listing offering at HK$1.90 to HK$2.36 per share
Kenneth Lim - LHN could raise up to HK$99.1 million (S$17.1 million) through an offering of shares in Hong Kong, the property management and logistics services company said on Friday before the market opened.
2 days ago
Central banks want the world to carry on as they quietly tighten
Bloomberg - WASHINGTON/FRANKFURT (Dec 15): Central bankers are gingerly trying to take away the punch bowl without interrupting the party. Led by interest-rate increases by the Federal Reserve and the People’s Bank of China, central banks around the world shifted toward a tighter monetary stance this week. Ye ...
2 days ago
Japan big manufacturers' mood improves to 11-year high in Q4: BOJ tankan
[TOKYO] Japanese big manufacturers' business confidence improved in December from three months ago, the Bank of Japan's closely watched quarterly "tankan" survey showed on Friday, in a sign the economy is gathering momentum.
2 days ago
Deutsche Bank says Japan's retail investors are behind bitcoin's surge
Bloomberg - NEW YORK (Dec 15): It’s not drug dealers and tax cheats, it’s Mrs. Watanabe. That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursd ...
2 days ago
US regulators ditch net neutrality rules as legal battles loom
[WASHINGTON] The US Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape.
2 days ago
Koyo International wins M&E contract worth $1.2 mil
PC Lee - SINGAPORE (Dec 15): Koyo International has won a Mechanical & Engineering contract worth $1.2 million from the National Environment Agency. The contract was signed through Koyo Engineering (S.E. Asia), a wholly owned subsidiary of the company. Work from the project started on Dec 1 and will take ...