1 day ago
Hot weather hurts Asian crops as powerful El Nino raises concerns about food supplies
Double blow for farmers already grappling with fertiliser and diesel shortages caused by Iran war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Asia steps up currency defence as South Korea, Indonesia vow action
Authorities are also guarding against speculative activity in offshore markets
1 day ago
Jardines has survived wars and market collapses. Can it survive the digital age?
Jude Chan - For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be...
1 day ago
Indonesia passes sweeping bill expanding central bank role to spur growth
Promoting sustainable economic growth is already part of Bank Indonesia’s mandate, along with price and foreign exchange rate stability
1 day ago
TSMC CEO warns chip supply won’t meet AI-fuelled demand for years
The company has been expanding its footprint beyond its home island to add capacity
1 day ago
Indonesia passes bill expanding central bank role to spur growth
JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investo ...
1 day ago
Samudera disposing two vessels for US$22.95 million
Lin Daoyi - In a bourse filing on June 3, Mainboard-listed Samudera Shipping Line announced that it has signed agreements to dispose of two vessels — MT Sinar Malahayati and MT Sinar Mendawai — for a cash consideration of US$22.95 ($29.5) million. The transaction was undertaken on a willing-buyer willing-se ...
1 day ago
Meta repeatedly pushes back new AI model release for developers, WSJ says
June 3 : Meta has repeatedly pushed back plans to release its new Muse Spark AI model API to developers, and as of Tuesday, had no scheduled launch date, the Wall Street Journal reported, citing people familiar with the matter. A Meta spokesperson told Reuters on Wednesday that the company is alread ...
1 day ago
RHB initiates coverage on Tai Sin Electric with ‘buy’ call and 75 cents target price
Teo Zheng Long - RHB’s Syahril Hanafiah has initiated coverage on electric infrastructure solutions provider Tai Sin Electric (SGX: 500 ) with a “buy” call and target price of 75 cents. “Tai Sin Electric (TSE) is poised to benefit from strong domestic construction demand and rising data centre investments. W ...
1 day ago
Anthropic looks to set up shop in Singapore, fill roles from finance to product support
The startup has GIC as one of its major financial backers
1 day ago
How to modernise core banking without breaking your system
Cassandra Goh - The strategic case for modernising core banking infrastructure is no longer contested. Most chief technology officers (CTOs) in the region have that conversation settled internally. What remains genuinely difficult is how, and specifically, how to introduce cloud-native architecture and AI capabilit ...
1 day ago
Indonesian rupiah falls to record low against US dollar
The unit broke the psychological 18,000 barrier against the greenback.
1 day ago
Singapore has enough LNG supplies for the rest of the year, energy regulator says
HOUSTON: Singapore has secured enough liquefied natural gas cargoes to make up for lost supplies from Qatar for the rest of 2026, ensuring it has 100 per cent of the gas it needs, Singapore Energy Market Authority Chief Executive Puah Kok Keong said on Wednesday (Jun 3) in Houston.Replacement cargoe ...
1 day ago
Asian stocks slide on flare-up in Middle East fighting, oil eases off highs
"Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again," analysts from Westpac wrote in a research report.
1 day ago
Malaysian tycoon Vincent Tan cuts Berjaya stake in asset sales
Separate filings also show the founder is no longer a substantial shareholder in six listed companies
1 day ago
Balancing risk, returns and customer journeys
Goola Warden - Leong Yung Chee was appointed group CFO of United Overseas Bank (UOB) on April 22, 2025. Before that, he had been head of corporate banking at UOB. Yet, just a few months into the job, he recommended a drastic expansion of the bank’s provisioning levels. “My role as a corporate banker was a lot ...
1 day ago
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Therese Soh - Board says it’s in ‘best interest of company’ for them to remain in their positions
1 day ago
Singapore Kitchen CEO, senior manager, charged for alleged offences linked to CAD probe
Therese Soh - They will remain in their respective positions for now, says the company
1 day ago
Decade-high dividend for Income shareholders: Key takeaways from insurer’s 2026 AGM
Shareholders will receive their letters after the AGM
1 day ago
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Borrowing costs in the city state tend to closely track global interest rates, especially those of the US
1 day ago
Singapore stocks slide as Iran ceasefire wavers, Fed rate hike fears grow
Shikhar Gupta - STI down 1%; DBS leads decline, dropping 1.3% to wipe out S$2.3 billion in market value
2 days ago
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder
Therese Soh - CEO Sean Lee says company is riding growth momentum and hiving off shipyard business to Fuji Offset in RTO to fund expansion
2 days ago
Dollar at two-month high as Gulf hostilities flare, yen near intervention zone
HONG KONG, June 4 : The dollar traded near a two-month high on Thursday as renewed Gulf hostilities sapped risk appetite, while traders were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Iranian attacks on Kuwait damaged its airport and injured dozens on ...
2 days ago
Dollar slips from two-month high amid Iran talks, yen trades near 160
HONG KONG, June 4 : The dollar slipped from a two-month high on Thursday as optimism rose about a ceasefire in Lebanon, while markets were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Lebanese President Joseph Aoun said on Thursday that the ceasefire wo ...
2 days ago
Dollar at 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured dozen ...
2 days ago
Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged it ...
2 days ago
Gold rises as dip-buyers return after Israel-Lebanon ceasefire
The protracted disruption to energy flows via Hormuz has driven oil prices higher and raised concerns around global inflation
2 days ago
Gold holds drop as US-Iran clashes keep inflation risks in focus
The protracted disruption to energy flows via the strait has driven oil prices higher and raised concerns around global inflation
2 days ago
CLAR to acquire ramp-up logistics property at 5 Tuas Avenue 5 for $133.9 mil
Teo Zheng Long - CapitaLand Ascendas REIT (CLAR) (SGX: A17U ) announced that it is acquiring 5 Tuas Avenue 5 for a total consideration of $133.9 million from Hup Hin Transport. According to CLAR, the property is currently fully occupied by four tenants including Hup Hin Transport. Post acquisition, the property will ...
2 days ago
Meta accuses Australia of breaching FTA, invokes US 'trade action'
SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.The $1.6 trillion Facebook and Instagram owner said ...
2 days ago
Samudera Shipping sells two vessels for US$23 million under fleet management, capital allocation strategy
Therese Soh - It is expected to yield an estimated gain on disposal of around US$1.3 million
2 days ago
SMFG aims to double sales and trading revenue to $5 billion, markets head says
TOKYO, June 4 : Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.Rising interest rates, currency swings ...
2 days ago
Oil falls as Lebanon and Israel agree on a ceasefire
BEIJING/PERTH, June 4 : Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Brent futures were down 87 cents, or 0.89 per cent, at $96.92 a barrel ...
2 days ago
Oil falls after Lebanon and Israel agree on a ceasefire
LONDON, June 4 : Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Trade was cautious though and the decline was limited. Brent futures were ...