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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1 day ago

India's competition regulator approves Sony-Zee merger with conditions - ET Now

NEW DELHI : India's competition regulator has approved a merger between the Indian unit of Japan's Sony and Zee Entertainment if certain conditions are met, television channel ET Now reported on Tuesday, citing sources familiar with the matter.Sony and Zee did not immediately respond to Re ...

1 day ago

Zee, Sony unit merger approved by India's competition regulator

NEW DELHI: India's competition regulator on Tuesday approved a merger between the Indian unit of Japan's Sony and Zee Entertainment Enterprises that will create a US$10-billion TV behemoth, but with certain conditions. The Competition Commission of India (CCI) did not elaborate on the cond ...

1 day ago

France's Atos to complete split by mid-2023 'at the earliest'

Atos' plan to split into two publicly listed companies will be completed by mid-2023 "at the earliest", the French IT consulting group said on Tuesday, contradicting an earlier report by French media BFM TV. In a written statement sent to Reuters, Atos said the split-up plan would bec ...

1 day ago

White House guidelines for AI aim to mitigate harm

The White House on Tuesday (Oct 4) proposed a non-binding Artificial Intelligence (AI) Bill of Rights that it said would help parents, patients and workers avert harm from the increasing use of automation in education, health care and employment. The Biden administration's proposal joins hundre ...

1 day ago

Thai food producer Betagro to raise $464 million in IPO

BANGKOK : Thai food company Betagro Pcl said in a stock exchange filing on Tuesday that it plans to raise at least 17.4 billion baht ($463.38 million) in an initial public offering (IPO) later this month.The IPO would be Thailand's second-largest offering this year, after Thai Life Insurance Pc ...

1 day ago

Indonesia to offer investment incentives for new capital

JAKARTA: Indonesia is preparing an incentives package to attract investment in its future US$32 billion capital city Nusantara, an official said on Tuesday (Oct 4), hoping to deliver on a key plank of President Joko Widodo's economic agenda. The megaproject entails moving the capital of Southea ...

1 day ago

Semiconductor shares jump after EU introduces single charging port

LONDON : Shares in European semiconductor manufacturers rose on Tuesday after the European Parliament approved rules to introduce a single charging port for mobile phones, tablets and cameras to be in use across the bloc by 2024.Shares in ASM International, Infineon, STMicroelectronics and BESI rose ...

1 day ago

Envision sees cost of electric cars at parity by 2025/26

LONDON : The cost of making electric cars will reach parity with internal combustion cars by around 2025/26, the head of Envision Racing forecast on Tuesday, a step expected to accelerate the industry's transition to cleaner, greener vehicles. Sylvain Filippi, managing director of Envision Raci ...

1 day ago

Cortina Holdings to buy 15 Scotts Road floor for S$49 million

Wong Pei Ting - CORTINA Holdings will buy over the fourth level of 15 Scotts Road, a freehold commercial building, from Singapore Institute of Management Group for S$49 million, the luxury watch retailer and distributor announced on Tuesday (Oct 4).

1 day ago

Court backs Twitter over complaint from conspiracy-plagued Dutch town

AMSTERDAM : A Dutch court on Tuesday rejected calls from the town of Bodegraven-Reeuwijk for Twitter to do more to tackle posts about unfounded allegations that a ring of Satan-worshipping paedophiles were active in the town in the 1980s.The District Court in The Hague concluded the social media gia ...

1 day ago

Global capital markets overprice risks and overreact to shocks: Tharman

Janice Lim - THE tendency of global capital markets to overprice risks in emerging economies, as well as to overreact to shocks, have not only prevented gaps in climate finance from being filled, but also widened them, said Senior Minister Tharman Shanmugaratnam.

1 day ago

Global capital markets overprice risks and over-react to shocks: Tharman

Janice Lim - THE tendency of global capital markets to overprice risks in emerging economies, as well as over-react to shocks, have not only prevented gaps in climate finance from being filled, but have also widened them, said Senior Minister Tharman Shanmugaratnam.

1 day ago

Gaining an investment foothold

Goola Warden - Cheng Hsing Yao, the soft-spoken CEO of GuocoLand, was somewhat hesitant when asked if the most recent cooling measures are likely to impact his business the morning after they were announced.“We are not dealing with the affordability issue. We are dealing with the affluent part of the population. ...

1 day ago

EU Parliament adopts rules for common charger for electronic devices

BRUSSELS : The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, in a world first.The vote confirms an earlier agreement among EU institutions and will make USB-C connectors used by Andro ...

1 day ago

EU lawmakers impose single charger for all smartphones

STRASBOURG: The European Union parliament on Tuesday (Oct 4) passed a new law requiring USB-C to be the single charger standard for all new smartphones, tablets and cameras from late 2024.

1 day ago

Japan Foods unit suspended from applying, renewing work passes on MOM investigation

Wong Pei Ting - JAPAN Foods Holding’s subsidiary, Japan Foods Enterprises (JFE), is suspended from applying for and renewing work passes as the Ministry of Manpower (MOM) has launched an investigation into its hiring and payroll practices involving foreigners.

1 day ago

Sri Lanka cenbank to hold rates as inflation worries persist

COLOMBO : Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.Nine out of 14 economists and analysts polled by Reuters said they expect rates to ...

1 day ago

Want fries with that? Robot makes French fries faster, better than humans do

PASADENA, Calif. : Fast-food French fries and onion rings are going high-tech, thanks to a company in Southern California.Miso Robotics Inc in Pasadena has started rolling out its Flippy 2 robot, which automates the process of deep frying potatoes, onions and other foods.A big robotic arm like thos

1 day ago

Robots are making French fries faster, better than humans

PASADENA, US: Fast-food French fries and onion rings are going high-tech, thanks to a company in Southern California. Miso Robotics Inc in Pasadena has started rolling out its Flippy 2 robot, which automates the process of deep frying potatoes, onions and other foods. A big robotic arm like those

1 day ago

Singapore stocks up on Wall Street, regional markets rally

Tay Peck Gek - ASIAN equities, including Singapore’s, were cued by Wall Street’s overnight relief rally, and ended higher on Tuesday (Oct 4).

1 day ago

Singapore stocks up with Wall Street, regional markets rally

Tay Peck Gek - ASIAN equities, including Singapore’s, were cued by Wall Street’s overnight relief rally, and wrapped up trading higher on Tuesday (Oct 4).

1 day ago

Cortina Holdings plans to buy the fourth floor of 15 Scotts Road

Goola Warden - Cortina Holdings announced on Oct 4, it has been granted the option to buy the entire fourth level of15 Scotts Road. The size is 1,276 sq m, and the cost is $49 million. The vendor is Singapore Institute of Management."Currently, our Group’s offices in Singapore operate from leased premises, some ...

1 day ago

Singapura Finance launches Mobile and Internet Banking.

Goola Warden - Singapura Finance (SFL) launched its internet banking platform and mobile app: SFL iBIZ for corporate and SFL Go for consumer on Oct 4. Developed jointly with Tagit, the Mobeix Retail Banking Product provides a suite of 100+ out-of-box features/functions to its customers across both Mobile and Inter ...

1 day ago

Property investment sales plunge in Q3 amid waning business sentiment: Knight Frank

Ry-Anne Lim - TOTAL property investment sales in Singapore dropped 48.9 per cent in the third quarter to S$4.8 billion, according to a Tuesday (Oct 4) report by real estate consultancy Knight Frank.

1 day ago

Japan Foods unit suspended from applying for new work passes and renewing existing work passes

Goola Warden - Japan Foods Holding announced on Oct 4 that the Ministry of Manpower (MOM) is investigating a subsidiary of the group, Japan Foods Enterprises (JFE) under the Employment of Foreign Manpower Act 1990 of Singapore. The company says the investigation relates to certain past hiring and payroll practices ...

1 day ago

Pakistan can't afford flood recovery, seeks help - minister

ISLAMABAD :Pakistan cannot afford to spend more on recovering from devastating floods blamed on climate change, its climate change minister said on Tuesday, as she called for faster international help at the launch of a new U.N. appeal for aid.The United Nations revised up its humanitarian appeal fo ...

1 day ago

Pakistan says no space to give economy any stimulus

ISLAMABAD : Pakistan does not have "space to give our economy any stimulus," its climate change minister Sherry Rehman said on Thursday at a Geneva meeting.Nearly 1,700 people have been killed in floods caused by heavy monsoon rains and melting glaciers in a crisis that the government and ...

1 day ago

Conjuring profits out of thin air can make capital disappear

Chris Bryant - WHAT’S a profit? A recent ill-tempered television appearance by the co-founder of home-flipper Opendoor Technologies, Keith Rabois, showed just how far we have drifted from a common understanding of earnings.

2 days ago

South-east Asia must boost financing for climate adaptation

Kenneth Lim - A groundswell of interest in creating a “just transition” to a net zero carbon future for South-east Asia offers an opportunity for policymakers, businesses and investors to direct resources toward neglected adaptation solutions for the region.

2 days ago

Putin escalates, Europe hesitates

Simon Johnson - VLADIMIR Putin’s illegal annexation of four regions of Ukraine, which he claims are now to be regarded as part of Russia, represents a major escalation of the war he launched in February. The parallels with Hitler’s expansion strategy are growing stronger by the day. In the face of advancing Uk ...

2 days ago

Malaysia confirms budget announcement on schedule, amid election speculation

KUALA LUMPUR: Malaysia will present its 2023 budget on Friday (Oct 7) as previously scheduled, a finance ministry spokesperson said on Tuesday, amid speculation that parliament could be dissolved before the budget to make way for an early general election. An election is not due until September 2023 ...

2 days ago

Russian court fines Amazon's Twitch $68,000 over refusal to delete content

MOSCOW : A Russian court on Tuesday fined streaming service Twitch 4 million roubles ($68,000) for failing to remove an interview with a Ukrainian political figure, the Interfax news agency reported.Russian authorities said the interview violated Russian laws on the spreading of fake information.Tw

2 days ago

Russian court fines Amazon's Twitch US$68,000 over refusal to delete content

MOSCOW: A Russian court on Tuesday (Oct 4) fined streaming service Twitch 4 million roubles (US$68,000) for failing to remove an interview with a Ukrainian political figure, the Interfax news agency reported. Russian authorities said the interview violated Russian laws on the spreading of fake infor ...

2 days ago

ESG ratings: seeing the value in divergent views

Dhananjay Phadnis - WHEN it comes to choosing a university or buying a car, comparative ratings can help us make better decisions. But what happens when rankings diverge – or worse, contradict one another? Should they be disregarded, or can they still deliver valuable information?

2 days ago

Local firms’ payment performance worsens slightly in Q3: SCCB

Vivienne Tay - THE payment performance of local firms deteriorated slightly in the third quarter of 2022, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Oct 4).

2 days ago

Sixt agrees to purchase around 100,000 e-vehicles from China's BYD

BERLIN : Sixt has committed to buying around 100,000 electric vehicles from China's BYD in the coming years under a new partnership agreement signed by the two companies, the German car rental company said on Tuesday.Under the first stage of the agreement, Sixt is to order several thousand all- ...