1 day ago
Daily Debrief: What Happened Today (Nov 10)
Stories you might have missed
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
MAS and Indonesian financial services authority renew MOU on fintech collaboration
Nicole Lim - The Monetary Authority of Singapore (MAS) and the Otoritas Jasa Keuangan (OJK) have signed a memorandum of understanding (MOU) on cooperation in financial technology, building on an existing MOU signed in 2018. The Singapore regulatory watchdog and the Indonesian financial services authority renewed ...
1 day ago
STI slips 0.1% on Monday, bucks regional trend
Benjamin Cher - Genting Singapore is the top gainer on the index while ST Engineering had the biggest decline
1 day ago
Bank of England softens stablecoin stance with new proposals
LONDON :The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60 per cent of the assets backing the digital tokens in short-term government debt, part of a raft of new rules that suggest a softening in its approach to the sector. Stablecoins are d ...
1 day ago
Bank of England proposes new rules for stablecoins
LONDON :The Bank of England said on Monday that issuers of systemic stablecoins would be able to invest up to 60 per cent of the assets backing the digital currencies in short-term government debt, as part of a set of proposals it detailed for regulating the sector.
1 day ago
Weak rupiah, capital outflows could complicate Indonesia’s redenomination plan: analysts
Elisa Valenta - The country’s plan to simplify the rupiah’s nominal value has resurfaced repeatedly over the past decade
1 day ago
Maybank facilitates RM15 billion in financing & investments in JS-SEZ; reveal next generation touchpoint in Forest City
Teo Zheng Long - From L-R: Paul Lee – Managing Partner, Nortmod, YM Raja Taufik Azad Ahmad Suhaimi – Iskandar Regional Development Authority, Mohd. Yasin Abdullah – Group CEO Maybank Islamic, YB Dato’ Haji Asman Shah bin Abdul Rahman - Johor State Secretary, YAB Dato’ Onn Hafiz Ghazi - Menteri Besar Johor, ...
1 day ago
Guinness-owner Diageo taps former Tesco chief Dave Lewis for CEO role
Lewis helmed the UK supermarket group Tesco from 2014 to 2020
1 day ago
Economy passengers to be charged S$1 to S$10.40 sustainable fuel levy from Oct 2026
Derryn Wong - Levy for business and first class flights originating from Singapore ranges from S$4 to S$41.60; cargo levy from S$0.01 to S$0.15 per...
1 day ago
TSMC monthly sales growth slows as AI demand moderates
However, industry executives remain buoyant about AI-driven growth
1 day ago
DBS, Franklin Templeton launch Singapore’s first tokenised retail fund
Shikhar Gupta - The fund is available to DBS wealth clients and accredited investors, with retail access expected in Q1 2026
1 day ago
Thailand approves $3.1 billion of data centre investments
BANGKOK :Thailand on Monday approved four data centre projects worth $3.1 billion in investment as well as new measures to kickstart projects that have already been approved, the Board of Investment said. The investments included an 84-megawatt (MW) data centre valued at 26.7 billion baht from Duba ...
1 day ago
Thailand says approves $3.1 billion of data centre investments
BANGKOK :Thailand on Monday approved four data centre projects worth $3.1 billion, the Board of Investment said on Monday.
1 day ago
Ong Beng Seng retains PR status, issued ICA warning letter
Any future misconduct may lead to his PR status revocation, ICA says
1 day ago
Malaysia’s Oriental Holdings to seal RM411 million Penang, Langkawi hotel deals; partners Ascott for rebranding
Tan Ai Leng - The company plans to invest around RM211 million in refurbishment works beginning in 2026
1 day ago
Petronas, Enilive, Euglena start construction of new biorefinery in Malaysia
A joint venture between Malaysia's Petronas, Italy's Eni biofuel unit Enilive and Japan's Euglena said on Monday it started building a new biorefinery in Malaysia to produce sustainable fuels for the Asian market.The plant is designed to process up to 650,000 tonnes of renewable feeds ...
1 day ago
Hong Kong extends digital bond ambitions with 3rd offering
City looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan
1 day ago
Hong Kong surpasses South Korea in structured note boom: JPMorgan
A surging Hong Kong market has led to a boom in structured products linked to the city’s equities, so much so that...
1 day ago
Hillhouse’s EZA Hill buys DHL logistics facility for US$40 million in first Thailand acquisition
Jessie Lim - Deal comes on the heels of purchases in Singapore and Indonesia, with firm reportedly eyeing a Reit
1 day ago
China’s internet firms cautiously revive lending as Beijing pushes consumer loans
The more stable regulatory environment positions firms such as Ant, Meituan and ByteDance for faster growth and higher margins
1 day ago
Subaru to review $10 billion electrification investment plan, targets annual cost savings
TOKYO :Subaru said on Monday it will review its previously planned 1.5 trillion yen ($9.95 billion) investment for electrification and aims to achieve 200 billion yen in annual cost savings by 2030 to offset U.S. import tariff impact.The Japanese automaker said it plans to reallocate part of the inv ...
1 day ago
OCBC shares continue rally, and close at new record of S$18.19 after encouraging Q3 results
Shikhar Gupta - This beats their previous peak of S$17.94 recorded on Nov 7
1 day ago
OCBC shares continue rally to hit all-time high of S$18.15 after encouraging Q3 results
Shikhar Gupta - [SINGAPORE] Shares of OCBC hit a new all-time high on Monday (Nov 10), continuing a rally from last week.
1 day ago
OCBC shares continue rally to hit all-time high after strong Q3
Shikhar Gupta - The counter hit S$18.02 shortly after the midday trading break on Monday
1 day ago
Rumble to buy German AI firm Northern Data for about $767 million, shares soar
Video platform Rumble, which hosts U.S. President Donald Trump's social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued at roughly $767 million.Rumble's shares surged more than 25 per cent in prema ...
1 day ago
Rumble to buy German AI firm Northern Data for about $767 million
Video platform Rumble, which hosts President Donald Trump's social media platform Truth Social, is buying German AI cloud company Northern Data in a roughly $767 million all-stock deal, according to a statement on Monday. Northern Data's shareholders will receive 2.0281 newly-issued Clas ...
1 day ago
Rumble to acquire German AI firm Northern Data for about $767 million
Video platform Rumble is set to acquire German artificial intelligence cloud company Northern Data in an all-stock transaction worth $766.86 million, the companies said on Monday.For each Northern Data share, its shareholders will receive 2.0281 newly-issued Rumble Class A shares. Shareholders will ...
1 day ago
Luxury condo or landed house? A local homebuyer has sound reasons to buy prime condos
Leslie Yee - The right apartment unit can make a great home and investment for a wealthy Singaporean
1 day ago
China suspends ‘special port fees’ on US vessels
Both countries agree to walk back some punitive measures after Trump-Xi summit
1 day ago
US, China suspend port fees and pause maritime probes in latest sign of easing tensions
The easing of maritime tensions mirrors a broader thaw between Washington and Beijing after Trump-Xi summit
1 day ago
Australian dollar climbs on US shutdown hopes, hits 12-year high on kiwi
[SYDNEY] The Australian dollar climbed on Monday amid hopes that the US government shutdown may end, while still hawkish commentary from a...
1 day ago
BOJ should avoid December rate hike, says Takaichi's economic adviser
TOKYO :The Bank of Japan should avoid raising interest rates in December and wait at least until January next year to support a fragile economy, Takuji Aida, an economist chosen to join a key government panel, told the Nikkei newspaper.The government should cushion the blow to households from rising ...
1 day ago
Takaichi flags looser fiscal goal, urges BOJ rate hike caution
TOKYO: Japanese Prime Minister Sanae Takaichi said on Monday (Nov 10) she would work on setting a new fiscal target extending through several years to allow more flexible spending, essentially watering down the country's commitment to fiscal consolidation.The new prime minister also renewed cal ...
1 day ago
Genting scion Lim Keong Wee takes principles from “university of life” to build his wellness empire
Ry-Anne Lim - The Initial Sama is part of the strategy to grow its leasing and management portfolio