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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24 hours ago
Parental fury after Cordlife ruins thousands of samples in Singapore
Bloomberg - Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling.  The ongoing case, one of the worst to hit the largely untested industry, has renewed conc ...
24 hours ago
MAS slaps 12-year prohibition order against former Manulife Financial Advisers representative for cheating
Felicia Tan - The Monetary Authority of Singapore (MAS) has issued a 12-year prohibition order against Ong Ka Yong for cheating offences.  Ong, a former representative of Manulife Financial Advisers Pte. Ltd., was convicted of 11 counts of cheating under section 417 of the Penal Code on Aug 23, 2023. Under the c ...
24 hours ago
EU aims to increase food exports to China despite trade tensions
ON A visit to China this week, EU Agriculture Commissioner Janusz Wojciechowski said his focus will be on increasing agri-food exports to the world’s second-largest economy and keeping food above the fray of rising tensions in China-EU trade.
1 day ago
Alternative Views: Why it’s so hard to fathom the case for home detention
M Shanmugam - The matter of allowing non-­serious offenders to serve their prison sentence from home was unlikely to have been on the minds of Malaysians until last month. On March 2, Minister of Home Affairs Datuk Seri Saifuddin Nasution said that the government had in principle agreed to implement the Licensed ...
1 day ago
Automakers hope for a cut as two-way EV charging becomes real
LONDON : Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect.Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charg ...
1 day ago
Volkswagen to face investors sceptical of China turnaround plan
VOLKSWAGEN (VW) faces an uphill battle to convince investors it can turn around its business in China.
1 day ago
Vietnam set to launch new stocks trading system in bid for market upgrade
VIETNAM is readying the launch next week of a new stocks trading system that would speed up settlement of transactions, as part of reforms aimed at upgrading the country’s stock market and attracting more foreign investors.
1 day ago
Tencent shares climb most in months as blockbuster debuts early
TENCENT Holdings shares staged their biggest rally since February after China’s biggest Internet firm nailed down an earlier-than-anticipated debut of one of the year’s most eagerly-awaited mobile games.
1 day ago
Bank Indonesia's first rate cut pushed to Q3, smaller cuts this year as rupiah falls - Reuters poll
BENGALURU : Bank Indonesia will cut its key interest rate next quarter and again in the fourth quarter, later than previously expected, as inflation rises and the rupiah weakens on renewed hawkishness from the U.S. Federal Reserve, a Reuters poll found.A major hurdle for the central bank, whose main ...
1 day ago
Vietnam central bank delays gold auction due to lack of interest
VIETNAM’S central bank said on Monday (Apr 22) it would cancel its first gold auction in 11 years due to a lack of interest from buyers, and said the auction was now expected to take place on Tuesday.
1 day ago
Potential spin-off of StarHub’s cybersecurity business could boost share price by 20% to 30%, says DBS
Felicia Tan -
1 day ago
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Tay Peck Gek - A GROUP of Asian feeder operators is imposing an emergency cost recovery surcharge to mitigate the “significant increase” in operational costs arising from “heavy congestion” at major transhipment ports in South-east Asia.
1 day ago
Malaysia plans South-east Asia’s largest integrated circuit design park
MALAYSIA plans to build South-east Asia’s largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday (Apr 22).
1 day ago
Malaysia to build region’s largest chip design park in bid for top startup-hub status
Tan Ai Leng - [KUALA LUMPUR] WITH a 13 per cent market share in the global chip industry, Malaysia is set to up the ante by constructing the region’s largest integrated circuit (IC) design park. This initiative is part of the country’s strategy to advance from back-end semiconductor manufacturing to high-valu ...
1 day ago
India's Wipro rises as Street pins hopes on new CEO after Q4 results
BENGALURU : Shares of Wipro rose as much as 2.4 per cent on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround.Its shares were up 1.8 per cent at 460.60 rupe ...
1 day ago
Brokers woo ‘snowball’ buyers with 40% returns after China stock market rout
CHINESE securities firms are dangling near record-high returns to lure investors back into the market for derivatives that fuelled the nation’s stock sell-off earlier this year, as fallout from the meltdown cuts deeper into their profits from the business.
1 day ago
Oil prices fall more than 1% as Iran-Israel tensions ease
SINGAPORE : Oil prices fell by more than 1 per cent on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel's apparently small strike on Iran.Brent futures fell $1.21, or 1.4 per cent, to $86.08 a barrel ...
1 day ago
Oil prices ease as Iran-Israel tensions ease
SINGAPORE :Oil prices fell on Monday, dragged down by a renewed focus on market fundamentals as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel's apparently small strike on Iran.Brent futures fell 67 cents, or 0.77 per cent, to $86.62 a barr ...
1 day ago
Brent hovers above $86 as traders unfazed by MidEast conflict
LONDON :Global benchmark Brent slipped on Monday though it remained above $86 a barrel as traders turned their focus back to inflation with tensions in the Middle East having so far left actual oil supplies unperturbed. Brent futures were down 55 cents to $86.74 a barrel by 1020 GMT. The front-month ...
1 day ago
Thailand says China’s Chery Automobile to set up manufacturing plant
CHINA’S Chery Automobile will set up a plant in Thailand that will make vehicles for both the domestic and export markets, with production slated to begin in 2025, Thailand’s Board of Investment (BOI) said on Monday (Apr 22). The facility is forecast to produce 50,000 electric and hybrid vehicle ...
1 day ago
Chinese banks hold lending rates with yuan under pressure
BANKS in China maintained their benchmark lending rates on Monday (Apr 22), following the Chinese central bank’s recent decision to stand pat on monetary policy.
1 day ago
ComfortDelGro takes out S$100 million green loan to decarbonise UK bus fleet
Michelle Zhu - LAND transport operator ComfortDelGro (CDG) obtained a S$100 million green loan facility from DBS to purchase 135 electric buses for its wholly owned subsidiary in the UK, Metroline.
1 day ago
Raimondo says Huawei’s chip breakthrough is years behind US tech
UNITED States Commerce Secretary Gina Raimondo said Huawei Technologies’s latest phone shows that China remains behind on cutting-edge chip technology.
1 day ago
SGX RegCo makes statement on who can vote at Sabana REIT’s EGM as manager clarifies current external model to unitholder
Goola Warden - On April 22, Sabana Industrial REIT’s manager released a letter from SGX RegCo which has cleared up questions on who can vote at EGMs with extraordinary resolutions. This is when a super majority is needed for, as an example, when an S-REIT’s Trust Deed needs to be amended. “SGX RegCo is of th ...
1 day ago
Asia: Markets bounce as Middle East fears ease, US inflation in view
ASIAN markets rose on Monday, clawing back some of last week’s losses, as Middle East worries subsided while traders look ahead to the release of key US inflation data and corporate earnings.
1 day ago
Malaysia to offer incentives to attract global tech companies
KUALA LUMPUR : Malaysia will offer incentives including exemptions and subsidies on rents and employment passes as well as concessionary tax rates on corporate profits to attract global tech companies, its economy minister said on Monday.     "We want to attract global unicorns to enter Mal ...
1 day ago
Malaysia plans Southeast Asia's largest integrated circuit design park
KUALA LUMPUR: Malaysia plans to build Southeast Asia's largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday (Apr 22). Malaysia is aiming to turn Kual ...
1 day ago
ComfortDelGro secures $100 mil green loan from DBS for the greening of its UK bus fleet
Felicia Tan - ComfortDelGro (CDG) has secured a $100 million green loan from DBS to decarbonise its UK bus fleet. Proceeds of the facility were used to buy 135 electric buses – 77 double-deck and 58 single-deck buses – for CDG’s wholly-owned subsidiary, Metroline. The buses will replace 135 internal combust ...
1 day ago
The importance of being transparent for a sustainable future
Andy Ng - Across the Asia Pacific region, sustainability is increasingly becoming a front-of-mind topic. With data stored in the cloud growing at an exponential rate, businesses at every level are feeling the heat as scrutiny around carbon emissions increases. Almost 60% of CEOs admit that they feel increasin ...
1 day ago
Tencent to release 'Dungeon and Fighter' mobile game in May after seven years
HONG KONG : Chinese tech giant Tencent Holdings said on Monday that it will release its much-anticipated "Dungeon and Fighter" mobile game on May 21 after seven years of development. Officially named "Dungeon and Fighter: Origin", the action game, developed by Korean firm Nexon, ...
1 day ago
Cordlife receives interim injunction against latest private placement
Felicia Tan - Nanjing Xinjiekou Department Store Co., Ltd., along with Cordlife’s non-independent non-executive directors Zhai Lingyun and Chen Xiaoling, have filed an application before the High Court against Cordlife Group and several of its directors, to prevent the latter from issuing or allotting any share ...
1 day ago
Gold edges down as rising bond yields dent appeal
GOLD prices edged lower on Monday (Apr 22) as higher US Treasury yields weighed on US dollar-priced bullion, while investors kept a close watch on any potential escalation in the Middle East conflict.
1 day ago
BNP Paribas hires 30 to build up new China securities unit
BNP Paribas has hired close to 30 people to launch its securities operation in China, re-entering the market after exiting a local joint venture 17 years ago, sources familiar with the matter said.
1 day ago
Parental fury after stem cell bank ruins thousands of samples in Singapore
THOUSANDS of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling.






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