1 day ago
Singapore’s October factory output records highest jump in 15 years, up 29.1% on pharma surge
Sharon See - This surprised private-sector economists who had expected a 6.7% growth, based on a poll
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
[BEIJING] China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with...
1 day ago
URA releases Dairy Farm, Tanjong Rhu, Dover housing sites for sale
Therese Soh - They form part of the 4,725 residential units that will be released via the confirmed list of the H2 GLS programme
1 day ago
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic...
1 day ago
Asian stocks extend global rally as data boost rate cut hopes
HONG KONG: Asia extended a global equities rally on Wednesday (Nov 26) after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.A report t
1 day ago
RHB initiates ‘buy’ on KIT, forecasts FFO CAGR of 1.2% over FY2024 to FY2027
Felicia Tan - RHB Bank Singapore analyst Shekhar Jaiswal has initiated a “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 55 cents, as he deems the trust to be a high-yield essential infrastructure play. KIT offers diversified exposure to essential infrastructure across energy transition ...
1 day ago
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
Shikhar Gupta - The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile
1 day ago
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
Danantara has not specified how it will use the additional proceeds
1 day ago
Maersk sees better safety in Red Sea as it eyes eventual return
Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages
1 day ago
Brookfield builds decarbonisation platform in South-east Asia
Therese Soh - This marks its first renewables investments in the Philippines, Vietnam and Thailand
1 day ago
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
Therese Soh - The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy
1 day ago
South Korea's HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
SEOUL :South Korea's HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wedneday. Under the plan, Lotte will spin off its business in Daesan city, South Korea, and mer ...
1 day ago
Couple rakes in US$9 billion as AI circuit board shares soar 530%
The firm’s relationship with Nvidia has been a vital asset
1 day ago
AR Capital to launch its EQDP-appointed fund in 'early 2026'
Samantha Chiew - AR Capital, one of the six appointed asset managers that will launch fund strategies under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP), will be launching a new funds in "early 2026". This launch will be AR Capital's fifth investment fund ...
1 day ago
The story of a K-pop fan: I spent S$2,500 to win a 1.5-minute fancall with my idol
Lindsay Wong - What lengths do K-pop fans go to in order to see their idols? The Business Times looks at three scenarios of how fans engage...
1 day ago
Singapore car-sharing service Shariot, related firms face S$180 million debt; exploring survival options
Derryn Wong - Lawyer’s letter to creditors requests temporary standstill on enforcement or recovery actions including statutory demands, repossessions
1 day ago
Sri Lanka central bank holds interest rate steady ahead of budget, IMF review
COLOMBO :Sri Lanka's central bank kept its policy interest rate unchanged on Wednesday as it awaited approval of the country's budget and the latest review from the International Monetary Fund.The Central Bank of Sri Lanka (CBSL) held the overnight policy rate at 7.75 per cent.The monetary ...
1 day ago
FAA probes Amazon after delivery drone snaps internet cable in Texas
The U.S. Federal Aviation Administration (FAA) said on Tuesday it is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week."A MK30 drone struck a wire line in Waco, Texas, around 12:45 p.m. local time on Tuesday, November 18," the regulator sai ...
1 day ago
FAA probes Amazon after delivery drone snaps internet cable in Texas, CNBC reports
The U.S. Federal Aviation Administration is probing Amazon after one of its delivery drones downed an internet cable in central Texas last week, CNBC reported on Tuesday, citing a Federal Aviation Administration (FAA) spokesperson.The e-commerce major confirmed the incident to CNBC, saying that afte ...
1 day ago
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market
1 day ago
Oil stabilises after Ukraine peace talks push prices to one-month lows
BEIJING :Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply.Brent crude futures rose 19 cents, or 0.3 per cent, ...
1 day ago
Oil holds steady after one-month low on high supply expectations
LONDON :Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal.Brent crude futures lost 5 cents to $62.43 a barrel by 0904 GMT. U.S. West Texas Intermediate crude futures we ...
1 day ago
Back to office? Singapore workers want free lunch, flexi-work, subsidised commutes: polls
Deon Loke - 55% believe they work better together in the office, says JLL
1 day ago
Back to office? Singapore workers want free lunch, flexiwork, subsidised commutes: polls
Deon Loke - 55% believe they work better together in the office, says JLL
1 day ago
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME...
1 day ago
Seatrium bags new BP contract; lifts order book to more than S$2 billion
Shikhar Gupta - The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP
1 day ago
New Zealand central bank cuts cash rate by 25 bps to 2.25%
[AUCKLAND] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its...
1 day ago
Foxconn wins approval for new $569 million investment in Wisconsin
TAIPEI :Taiwan's Foxconn said on Wednesday that it has won regulatory approval for an additional $569 million investment in the U.S. state of Wisconsin.
1 day ago
CGS International raises target price for Wee Hur to 95 cents on higher orderbook prospects
The Edge Singapore - Natalie Ong and Lim Siew Khee of CGS International have kept their "add" call on Wee Hur Holdings and with prospects of more construction orders in the pipeline, they have raised their target price for this counter from 91 cents to 95 cents. In their Nov 25 note, the analysts observe that ...
1 day ago
OpenAI projects 220 million paying ChatGPT users by 2030, The Information Reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar with the matter.OpenAI projects that by 2030, 8.5 per cent of an estimated 2.6 billion weekly users, or around 220 ...
1 day ago
OpenAI projected at least 220 million people will pay for ChatGPT by 2030, the Information reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, the Information reported on Tuesday, citing a person familiar with the matter.Reuters could not immediately verify the report. OpenAI did not immediately respond to a Reuters r ...
1 day ago
Barbs, jibes and spin by Chinese netizens over PM Wong’s remarks on Japan-China spat
[BEIJING/HONG KONG] It started in Hong Kong, and then others in mainland China began jumping on the bandwagon.
1 day ago
Swee Choon plans Philippines expansion in push to be dimsum’s quick-service king
Tessa Oh - Having built a strong base of Filipino customers in Singapore, the family business is looking into franchise partnerships in the Philippines
1 day ago
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand