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

Global chemical firms urged to source responsibly after lethal China blast: Study

Marissa Lee - SHANGHAI: A prominent Chinese environmental group has called on chemicals multinationals to stop "cutting corners" by outsourcing business to Chinese suppliers that violate safety regulations after an investigation into a deadly explosion at a factory in March. In a new study, the Institute of ...

24 hours ago

Fears as Chinese investment in Australia falls

Marissa Lee - SYDNEY: Chinese investment in Australia has fallen to its lowest level in five years, new research shows, sparking calls for the newly re-elected conservative government to improve its rocky relationship with Beijing. After hitting a peak of AU$15.8 billion (US$10.4 billion) in 2016, Chinese firms . ...

24 hours ago

ST Telemedia arm and Frasers Property Thailand to develop 7b baht data centre in Bangkok

Vivienne Tay - ST Telemedia Global Data Centres (STT GDC) and Frasers Property (Thailand) Public Company (FPT) is investing seven billion baht (S$302 million) to build a data centre development in Bangkok.

24 hours ago

STT GDC and Frasers Property Thailand to develop 7b baht data centre in Bangkok

Vivienne Tay - ST Telemedia Global Data Centres (STT GDC) and Frasers Property (Thailand) Public Company (FPT) is investing seven billion baht (S$302 million) to build a data centre development in Bangkok.

24 hours ago

Singapore's worst stock fails to cash in from diversification play

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Dairy Farm International fell 15% YTD in what marks the biggest STI decline. 187-year-old conglomerate Jardine Matheson Holdings, which used to be one of Singapore’s steadiest stocks, has found itself in troubled waters as two of its f ...

1 day ago

Wilmar ranks top in Singapore for human rights disclosure, second in Asean: study

Fiona Lam - AGRIBUSINESS giant Wilmar International took the top spot among Singapore-listed companies and second place in the overall Asean category in a ranking for human rights disclosure.

1 day ago

US airline group sees record summer travel, despite 737 MAX grounding

Marissa Lee - U.S. summer air travel will hit a new record this year despite the grounding of Boeing's 737 MAX aircraft after two fatal crashes, a group representing major airlines said on Tuesday.

1 day ago

Businessman jailed 6 years for hiring hitmen to attack mistress’ boyfriend

yasmine.yahya -

1 day ago

ST Engineering to sustain positive orderbook momentum with $4.2b in contracts

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No In Q1 alone, the firm scored $2.1b in new contracts for the aerospace and electronics segments. Singapore Technologies Engineering’s (ST Engineering) orderbook recognition for the next three quarters is expected to rise 31% with an est ...

1 day ago

SGInnovate, RB Capital back AI startup Prowler.io’s US$24m funding round

Fiona Lam - BRITISH artificial-intelligence (AI) firm Prowler.io has raised US$24 million from strategic investors including SGInnovate, the Singapore government's innovation platform, and Singapore-based RB Capital, valuing the startup at US$100 million.

1 day ago

Olam International arm prices US$120m US debt private placement

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No The notes were placed to nine investors at a fixed rate of 3.89% for five years. Olam International’s wholly-owned subsidiary Olam Americas Inc. (OAI) has priced a US$120m issuance of five-year fixed-rate notes via a private placement, ...

1 day ago

JB-Spore RTS link project to be suspended till end Sept

amanda.eber -

1 day ago

Grab revamps app for drivers

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It features an earnings overview and enhanced driver portfolio. Grab is rolling out a refreshed driver app with the aim of helping its driver-partners earn more and save more, an announcement revealed. read more

1 day ago

People Digest: Validus makes key hires; InfraRed NF names strategy head

Quynh Nguyen - With these hires, Validus seeks to boost its technological capabilities as it expands in SE Asia. The post People Digest: Validus makes key hires; InfraRed NF names strategy head appeared first on DealStreetAsia.

1 day ago

Peopel Digest: Validus makes key hires; InfraRed NF names strategy head

Quynh Nguyen - With these hires, Validus seeks to boost its technological capabilities as it expands in SE Asia. The post Peopel Digest: Validus makes key hires; InfraRed NF names strategy head appeared first on DealStreetAsia.

1 day ago

City simulator wins Venture capital backing as investors seek driverless car exposure

Geoff Howie - LONDON: Venture capital investors backed Immense Simulations, a British software company which creates interactive replicas of cities, on Tuesday in the latest sign of money pouring into firms that stand to gain from driverless vehicles becoming more mainstream. Immense Simulations raised US$4 ...

1 day ago

US eases restrictions on China's Huawei to keep networks, phones operating

Geoff Howie - The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world.

1 day ago

'.Amazon' gives e-commerce giant its own Internet domain

Geoff Howie - E-commerce giant Amazon was on its way to running its own online neighborhood Monday after the internet's address keeper granted the ".amazon" domain to the company.

1 day ago

Sembcorp Industries' near-term outlook hinges on sustained India uptrend, say analysts

Michelle Zhu - SINGAPORE (May 21): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries (SCI) with target prices of $3.41 and $3.90, respectively. This comes after the group last week posted 21% higher 1Q earnings of $77 million on higher contribu ...

1 day ago

China warns about 'unwavering resolve' to fight 'US bullying'

Bloomberg - BRUSSELS (May 21): China could retaliate against the US after President Donald Trump blacklisted Huawei Technologies Co., the Chinese ambassador to the European Union said. Trump upped the ante in his trade dispute with China last week, announcing moves to curb Huawei’s business that are starting ...

1 day ago

Chinese electric-bus maker completes US$20m investment in Dragon Group unit

Fiona Lam - STRUGGLING electronics engineering firm Dragon Group International said on Monday night that Chinese electric-bus manufacturer Zhuhai Yinlong Energy (YLE) has completed its US$20 million share subscription in Dragon’s unit EoCell as of May 20.

1 day ago

Chart of the Day: NODX fell 6.4% in Q1

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Lower electronic and non-electronic product shipments weighed on domestic export performance. This chart from Enterprise Singapore (ESG) shows that non-oil domestic exports (NODX) slipped 6.4% YoY in Q1 2019, extending the 1.1% dip in Q4 201 ...

1 day ago

Daily Briefing: Tengah's first batch of Garden District flats to launch in May; Check out how much HSBC's bankers earn

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No And here’s how marketing firm Shopback plans to contend against Facebook and Google. From Channel NewsAsia: Tengah’s first housing project in Garden District, which is the second of five housing districts in the area to be develo ...

1 day ago

Temasek-linked Astrea PE bonds get upgrade, affirmations by Fitch

Vivienne Tay - FITCH Ratings has upgraded and affirmed its ratings assigned to a series of private-equity (PE) bonds offered by Astrea III and Astrea IV, both Temasek-linked PE vehicles.

1 day ago

First Sponsor unit completes acquisition of 60% stake in Guangdong land

Fiona Lam - MAINBOARD-LISTED First Sponsor’s wholly-owned subsidiary, Wenjiang (BVI), has completed its acquisition of 60 per cent of the shares in Concord Focus Development, the Singapore-based property developer said on Monday night.

1 day ago

Daily Markets Briefing: STI down 0.77%

Staff Reporter - Submitted By:  Nathanielle Punay Case Study:  No Expect muted gains today. The Straits Times Index (STI) ended 24.80 or 0.77% lower at 3,205.46. The top active stocks were DBS, which crashed 2.6%, OCBC Bank, which dipped 0.62%, UOB, which went down 0.72%, Singtel, which remained unchanged ...

1 day ago

Singapore shares decline at Tuesday's open; STI down 0.2% to 3,199.84

Rachel Mui - SINGAPORE stocks opened weaker on Tuesday, with the Straits Times Index retreating 0.18 per cent or 5.62 points to 3,199.84 as at 9.02am, after tech stocks dragged Wall Street lower overnight. 

1 day ago

Commentary: Highly sexualised images are shaping influence on Instagram

Many female influencers are subject to sexually aggressive comments and objectifying messages from their social media followers, say Jenna Drenten, Lauren Gurrieri and Meagan Tyler.

1 day ago

Oil prices rise on rising Middle East tension, ongoing OPEC supply cut

Godfrey Robert - SINGAPORE: Oil prices edged up on Tuesday (May 21) on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated. Brent crude futures, the international benchmark for oil prices, were at US$72.07 per barrel at 0033 GMT, up .. ...

1 day ago

Huawei CFO house arrest contrasts with Canadians detained in China

Godfrey Robert - TORONTO: Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home. Meng, 47, has access to top lawyers, moves around relatively freely in ...

1 day ago

Huawei sanctions: A blow to US tech firms in supply chain?

Godfrey Robert - WASHINGTON: The tough sanctions imposed on Huawei by President Donald Trump could deal a blow to the many US firms that make up the Chinese tech giant's supply chain. American firms last year sold an estimated US$11 billion worth of components to Huawei, which was put on a blacklist last week by ...

1 day ago

Walmart, Target, Bed Bath must face lawsuits over fake 'Egyptian' cotton: NY judge

A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labelled "100 per cent Egyptian Cotton" or "100 per cent Long-Staple Egyptian cotton" despite being suspicious of their origin.

1 day ago

UK watchdog says currency and crypto scams hit £27 million

Godfrey Robert - Scams in Britain involving currencies and crypto assets like bitcoin totalled £27 million in the last financial year, with average losses of £14,600 per victim.

1 day ago

Daimler plans to cut administration costs by 20%: Handelsblatt

Godfrey Robert - Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.

1 day ago

Stocks to watch: Tianjin Zhongxin, Moya Holdings Asia, Mercurius Capital Investment, JCG

Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Tuesday:

1 day ago

JCG to acquire 51% of Malaysian medical aesthetics group for up to RM15.3m

Fiona Lam - CATALIST-LISTED JCG Investment Holdings is proposing to acquire 51 per cent of the shares in Beverly Wilshire Medical Centre, a Malaysia-based medical aesthetics group, for a minimum of RM13.77 million (S$4.59 million) and up to RM15.3 million, by issuing new shares and warrants.