1 day ago
Hong Kong’s Link Reit sells Thomson Plaza retail space for S$250 million
Chong Xin Wei - The divestment is priced at a 23% premium to the property’s most recent book valuation
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Sunway-IJM takeover bid collapse: IJM wins but faces pressure to deliver value
Tan Ai Leng - Asset monetisation, spin-off plans in focus as IJM races to deliver value within tight timelines
1 day ago
DBS initiates ‘buy’ on Yangzijiang Maritime, citing investments, shipbuilding opportunities
Koh Kim Xuan - The brokerage’s target price of S$0.88 represents a 63% upside from the group’s closing price on Apr 7
1 day ago
Link REIT announces plans to divest its stake in Swing By @ Thomson Plaza
The Edge Singapore - On April 8, Link REIT announced it has entered into agreements with Jack Investment Pte Ltd and Pangjwee Development Pte Ltd for the sale of its property interests in Swing By @ Thomson Plaza for $250 million. The divestment, which is priced at a premium to the most recent book valuation of the prop ...
1 day ago
Samudera Shipping launches service connecting Japan and Korea
The Edge Singapore - Samudera Shipping, better known for running "feeder" routes across Asia, has launched a new weekly container service connecting Japan and Korea. This route, in operation this month onwards, marks its entry into the Korea-Japan trade corridor and the extension of its intra-Asia footprint in ...
1 day ago
Competition watchdog seeks feedback on proposed commercial tie-up between SIA and Vietnam Airlines
Chloe Lim - The two carriers propose to cooperate on, for example, scheduling, pricing, sales and marketing and other commercial areas
1 day ago
Singapore stocks rise after US-Iran ceasefire announcement; STI up 0.8%
Young Zhan Heng - Across the broader market, gainers beat decliners 481 to 178 after 2.2 billion securities change hands
1 day ago
Airlines ‘nowhere near’ Covid-style crisis despite oil shock: Iata chief
Shikhar Gupta - Carriers can mitigate fuel price spikes using established levers such as fare hikes, says Willie Walsh
1 day ago
‘Never waste a crisis’: Putting Iran war price pressures to good use
Janice Heng - If higher fuel and energy prices drive lasting behavioural change, Singapore will be better off in the long run
1 day ago
Revolut to open Paris office as lender seeks to expand in Europe
The company has signed a 10-year lease for space in the historic Bourse business district
1 day ago
Freehold corner heritage shophouse along Desker Road for sale at $10.5 mil
Jovi Ho - A freehold three-storey corner heritage shophouse along Desker Road in Little India is up for sale at an indicative price of $10.5 million. Positioned within the Rochor Planning Area, the heritage asset offers exceptional visibility and frontage at the intersection of the Jalan Besar and Little Indi ...
1 day ago
Singtel could be the real winner as mom-and-pop investors land surprise S$6,800 windfall
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
1 day ago
Surprise S$6,800 windfall for mom-and-pop investors, but Singtel is doing it for Singtel
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
1 day ago
Singtel could also be a winner as mom-and-pop investors land surprise S$6,800 windfall
Jude Chan - For the group, the real prize is unlocking its own corporate toolkit
1 day ago
Strong demand drives COE spike as mainstream car premium hits S$118,000, commercial vehicles at S$80,001
Derryn Wong - Stock clearing by legacy brands and continued demand for EVs prompt healthy sales
1 day ago
COE prices jump as mainstream car premium hits S$118,000, commercial vehicles at S$80,001
Derryn Wong - Across-the-board rise in premiums see some categories reach levels not seen in years
1 day ago
Japanese investors bought $14 billion of overseas stocks in March, most since US tariff shock
April 8 : Japanese investors invested the most in foreign equities in nearly a year in March, as the recent weakness in the yen and the relatively cheaper pricing of equities due to the Middle East war boosted investor appetite.According to Japan's Ministry of Finance, local investors net acqui ...
1 day ago
LionGlobal Singapore Trust Fund hits key milestone as AUM exceeds $1.25 bil
Teo Zheng Long - Lion Global Investors (LGI) announced that its LionGlobal Singapore Trust Fund has surpassed $1.25 billion in assets under management (AUM). “This represents a key milestone following the appointment by the Monetary Authority of Singapore (MAS) as a fund manager under the Equity Market Development ...
1 day ago
Asian airlines maintain AI investments despite budget cuts due to Iran war oil shock
Shikhar Gupta - Carriers such as Scoot, Thai Airways see digital infrastructure and AI as existential needs
2 days ago
‘Reliability, stability and transparency’ key to Singapore’s response to geopolitical shocks: Edwin Tong
Jermaine Fok - Law Minister says Singapore, as a small country, feels global tremors acutely more than most
2 days ago
‘Cash is king’: Asian airlines hoard liquidity to survive worst oil shock since 1980s
Shikhar Gupta - Carriers are reducing non-essential capital and operational expenditures to maintain liquidity
2 days ago
Swiss banks to test possible uses for Swiss franc stablecoin
ZURICH, April 8 : Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, UBS said on Wednesday, as lenders grapple with the growing stablecoin industry and the wider growth of cryptocurrencies.Jointly with the company Swiss Stablecoin AG, the Sw ...
2 days ago
Swiss banks to test use cases for Swiss franc stablecoin
ZURICH, April 8 : Six Swiss banks have joined forces to test potential use cases for a Swiss franc stablecoin in Switzerland, banking giant UBS said on Wednesday.Jointly with the company Swiss Stablecoin AG, the banks are launching a secure digital live environment, a so-called sandbox, to explore w ...
2 days ago
What does the transfer of Singtel discounted shares mean for investors; should they sell or hold?
Therese Soh - BT looks into what analysts have to say on its market impact, and how investors may respond
2 days ago
Iata chief says jet fuel supply could take months to recover after Hormuz reopening
Airlines across Asia have been cutting flights
2 days ago
IATA warns replenishing jet fuel supplies could take months even if Hormuz reopened
The director general of IATA likened the situation to other shocks such as the downturns of 2008-09 or the aftermath of the Sep 11 attacks.
2 days ago
Asian LNG prices set to fall after US, Iran agree to ceasefire
The Strait of Hormuz has been mostly shut since the war broke out
2 days ago
BYD leads record Thai auto show bookings as fuel prices surge
The Middle East conflict is pushing up oil prices
2 days ago
BYD leads Thai auto show bookings as fuel prices surge
Local market leader Toyota places second while slew of other Chinese electric brands also dominate rankings
2 days ago
India’s central bank holds rates as Iran war upends economic outlook
[MUMBAI] The Reserve Bank of India kept its key policy rate unchanged on Wednesday (Apr 8) as it awaits clearer evidence of...
2 days ago
Japan bankruptcy cases seen rising as Iran conflict lifts costs, think tank says
TOKYO, April 8 : Japan saw corporate bankruptcy cases rise for the fourth straight year in fiscal 2025 and may see further increases from around summer this year as surging costs from the Middle East war squeeze profits, a private think tank said on Wednesday.Total bankruptcy cases in fiscal 2025, w ...
2 days ago
Japan business mood worsens, bankruptcies seen rising as Iran war lifts costs
TOKYO: Japan saw corporate bankruptcy cases rise for the fourth straight year in fiscal 2025 and may see further increases from around summer this year as surging costs from the Middle East war squeeze profits, a private think tank said on Wednesday (Apr 8).A separate government survey also showed b ...
2 days ago
Grab unveils new products powered by AI for merchants, consumers
Benjamin Cher - CEO says the company is moving into ‘hardware’ to tackle issues in the physical world that software cannot fix
2 days ago
Grab announces a slew of new products; doubles down on AI
Benjamin Cher - The products launched are focused around consumers, travel and merchants