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

Daily Briefing: GIC and Temasek ate up 60% of sovereign fund deals in 2018; Singaporean PE firm Tembusu Partners invests $201.4m in Chinese projects

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No And luxury property Boulevard 88 sold 20 out of 25 units for $3,550 psf. From Reuters: Singapore funds GIC and Temasek Holdings accounted for for 60% of all sovereign wealth fund deals in 2018, Reuters reported. There were 84 sovereign wealth ...

2 days ago

Malaysia anti-graft panel orders release of monies in Jawala's frozen bank accounts

Tay Peck Gek - CATALIST-LISTED Jawala's Malaysian bank accounts with at least RM16.5 million (S$5.5 million) have been unfrozen, following an order by the Malaysian Anti-Corruption Commission to release the timber company's suspended bank accounts.

2 days ago

Stocks to watch: Camsing Healthcare, Sevak, HRNetGroup, AEM Holdings

Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Friday:

2 days ago

Singapore’s Frasers raising stake in PGIM Real Estate Asia Retail Fund

Mars Woo - PGIM Real Estate Retail Fund is the latest fund of PGIM Real Estate, the largest non-listed retail mall fund in Singapore. It said it intends to finance the deal via internal funds, external borrowings or a combination thereof. The post Singapore’s Frasers raising stake in PGIM Real Estate Asi ...

2 days ago

As worries about populism in Europe rise, investors bet on stock market volatility

Investors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections in May amid growing concerns about rising populism.

2 days ago

Chart of the Day: Delay in industrial property completions in 2018 to boost supply in 2019

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Supply in single-user factory spaces could jump by c.9%. This chart from DBS shows a jump in supply and demand of industrial properties are to be expected in 2019. The supply surge in 2019 could be the result of a delay in completions in 2018. ...

2 days ago

Razer pares losses in 2018, announces mobile gaming collab with Tencent

Kristie Neo - Razer narrowed its net losses by 41 per cent to $97.9 million in FY 2018. Its revenue also jumped 37.6% to peak at $712.4 million over the same period. The post Razer pares losses in 2018, announces mobile gaming collab with Tencent appeared first on DealStreetAsia.

2 days ago

Pine Capital hit by allegations of control lapses, conflict of interest; requests trading suspension

Michelle Zhu - SINGAPORE (Mar 22): Pine Capital Group’s board of directors have asked for a trading suspension with immediate effect. This comes after receiving “numerous allegations from various parties” concerning the group’s subsidiary, Advance Capital Partners Asset Management (ACPAM), including thos ...

2 days ago

Camsing independent directors resign over 'certain matters' raised by auditors

Michelle Zhu - SINGAPORE (Mar 22): Three independent directors of Camsing Healthcare have resigned from their posts with immediate effect, citing concerns that auditors have “raised certain matters” arising from their audit work, which has come to a standstill pending the resolution of their questions. On Thu ...

2 days ago

Nike shares fall on slower North American sales growth

Vivienne Tay - NEW YORK: Nike shares fell on lower sales growth in North America on Thursday (Mar 21) as the company returned to third-quarter profitability while touting new investments in e-commerce and women's athletics. The sports giant scored profits of US$1.1 billion in the quarter ending Feb 28, compared ...

2 days ago

Levi Strauss shares surge 31 percent in stock market return

Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of US$8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies.

2 days ago

Commentary: If only privacy agreements were readable. Most aren't

Vivienne Tay - The GDPR requires companies to use clear and plain language in privacy agreements, but readability remains a challenge, says Victoria University's Associate Professor Samuel Becher.

2 days ago

Commentary: What Hungary is doing for families and women’s work-life balance

Vivienne Tay - Viktor Orban’s critics have been equally slow to understand the social and economic policies that help families and underpin his popularity, says University of Pennsylvannia’s Mitchell A Orenstein.

2 days ago

TODAY's morning brief for Friday, March 22

amanda.eber - 54 min 25 sec ago

2 days ago

Levi's surges in Wall Street return

NEW YORK: Iconic jeans company Levi's made a hot return to Wall Street on Thursday (Mar 21) as it eyes international growth and more direct sales to consumers in the fast-changing retail environment. Listing under the ticker symbol "LEVI," shares of Levi Strauss & Co. surged in opening trade ...

2 days ago

PUB to Salim-Medco: Don't use us as excuse to pull out of Hyflux deal

Marissa Lee - HYFLUX's reluctant white knight should not use PUB as an excuse to back out of its investment agreement with the water company, the national water agency said on Thursday.

2 days ago

Chuan Hup shares soar 12% after firm proposes special dividend

Navin Sregantan - CHUAN Hup Holdings shares surged at the start of trading on stronger-than-usual turnover on Thursday.

2 days ago

Better engagement, but virtual AGMs also come with some risks

Janice Heng - VIRTUAL Annual General Meetings (AGMs) should mean greater convenience and accessibility for shareholders, but may also make it easier for firms to avoid thorny questions, said stakeholders and experts.

2 days ago

Advanced takes big step towards new business

Anita Gabriel - SINGAPORE'S mainboard-listed Advanced Holdings' compass is finally set for a big turn towards palm oil after the engineering services and equipment provider for the oil and gas sector won shareholders' go-ahead last week to acquire a minority share of Indonesian-based Agricore Global ...

2 days ago

Frasers Property, FCT to raise stakes in PGIM Real Estate Asia Retail Fund

Vivienne Tay - FRASERS Property and Frasers Centrepoint Trust (FCT), its real estate investment trust (Reit) arm, are raising their stakes in PGIM Real Estate Asia Retail Fund, shortly after making their first round of investments, respectively.

2 days ago

Fed's pause on rate hikes cheers markets

Navin Sregantan - THE Singapore stock market made gains on Thursday, supported by a dovish US Federal Reserve that indicated that there would be no more rate hikes this year.

2 days ago

Hyphens inks MOU with A*Star's A*ccelerate

Tara Anne Sreenivasan - SGX Catalist-listed Hyphens Pharma International Limited signed a Memorendum of Understanding (MOU) with A*Star's commercial arm A*ccelerate, previously known as Exploit Technologies, at the opening ceremony of its corporate headquarters and integrated facility in Singapore on Wednesday.

2 days ago

Oxley appoints agents for sale of hotels

Janice Heng - HAVING called off the sale of its Mercure and Novotel Hotels on Wednesday, property developer Oxley Holdings said on Thursday that it has appointed CBRE, Jones Lang LaSalle Property Consultants and JLL Hotels & Hospitality Group as agents for the properties.

2 days ago

Economic magic or a risky fantasy?

Sonal Desai - AT Stanford University recently, I watched Professor Mark Duggan reluctantly ask US Federal Reserve chairman Jay Powell his view on Modern Monetary Theory. MMT has attracted scathing criticism from an array of heavy hitters, including former US Treasury Secretary Larry Summers, former International ...

2 days ago

The next financial crisis may be worse than that of 2008

Desmond Lachman - IT is difficult to forecast when the next global economic recession will happen. It is much easier to predict its severity.

2 days ago

Red-hot Beto could end up with blue party's veto

Leon Hadar - "I AM not sure what it is, but the guy has that something, that charisma, and I almost feel hypnotised by him." That was how a friend - a lawyer and veteran Democratic politico (and I should add, a heterosexual male) - explained to me over dinner last week why he is so, so attracted to a ...

2 days ago

India's economic data under a cloud

HARISH MEHTA - THE carefully-crafted image of Prime Minister Narendra Modi as an economic reformer who would power the Indian economy to new heights is fading. Slowing GDP growth, industrial decline, sputtering exports, and unemployment at a 45-year high is worsened by a blackout of economic data and "politi ...

2 days ago

As G20 chair, Japan is placed to resurrect free trade - but faces challenges

DUVVURI SUBBARAO - Japan is the chair of G20 this year, under the established system of annual rotation of chairmanship among member countries. Since its phenomenal success in securing global cooperation that prevented the global financial system from spinning out of control during the sub-prime meltdown in September ...

2 days ago

SICC aims to raise awareness of the circular economy

Vivien Shiao - THE Singapore International Chamber of Commerce (SICC) on Thursday identified raising awareness on the circular economy as one of its three areas of focus for this year.

2 days ago

Pound slides as Britain's MPs dice with deal or no-deal

Neil Behrmann - IT is crunch time for the British government and MPs, who after 1,000 days still haven't delivered a workable Brexit.

2 days ago

One year on, Skoda chalks up record sales and is launching mobile app for drivers

Leow Ju-Len - AFTER the relaunch of the Skoda brand in Singapore exactly a year ago after a five-year absence, the Czech car maker has made the most of its 12 months back here.

2 days ago

Lazada ramps up efforts to boost seller and brand growth

Claudia Chong - ALIBABA-backed e-commerce firm Lazada on Thursday announced a series of products and services aimed at accelerating the growth of its brands and sellers, and resolving the pain points that merchants face in marketing, branding and sales.

2 days ago

Singapore is Revolut's first stop in its Asia push

Lynette Tan - REVOLUT, one of Europe's fastest growing banking disruptors, is making Singapore its first Asian stop in an aggressive internationalisation push, but the Singapore launch may be delayed as the startup fine-tunes its product.

2 days ago

Tembusu Partners launching several funds totalling 1b yuan

Vivienne Tay - SINGAPORE-BASED Tembusu Partners is launching several investment funds totalling one billion yuan (S$205.6 million), and has appointed former CapitaLand CEO Lim Ming Yan as chairman of its China advisory board, the private equity firm said on Thursday.

2 days ago

GM to announce US$300 million investment in Orion EV/AV plant

Vivienne Tay - General Motors Co will announce on Friday plans to invest US$300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday.

2 days ago

Nokia says it is not taking on new business in Iran

Vivienne Tay - Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies.