3 days ago
SingapoRediscovers voucher: Travel firms appreciate it, but some say it has not lifted shrinking revenue
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Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Commentary: Why shopping hours in some Orchard Road malls and retailers are changing
Retailers like Takashimaya are not only cutting costs, they’re preparing for a click-and-mortar future, says NUS Institute of Real Estate and Urban Studies’ Sing Tien Foo and Sophronia Sia.
3 days ago
South Korean battery makers agree to last-minute deal in boost to Biden's EV policy
WASHINGTON: South Korean battery makers LG Chem and rival SK Innovation have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor and Volkswagen, three sources briefed on the matter said. The Biden administration through the .. ...
3 days ago
Aramco agrees to US$12.4 billion deal to sell stake in pipelines
S Priyashini - DUBAI: Saudi oil producer Aramco has agreed to a US$12.4 billion deal to sell a 49 per cent stake in its pipelines to a consortium led by US-based EIG Global Energy Partners. Announced late on Friday (Apr 9), it is the company's largest deal since its record US$29.4 billion initial public offering ...
3 days ago
EU proposes six-month tariff freeze with United States: Report
S Priyashini - BERLIN: The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six months, EU trade chief Valdis Dombrovskis was quoted as telling Germany's Der Spiegel on Saturday (Apr 10). That would go beyond a four-month suspension agreed ...
3 days ago
EU's Michel says COVID-19 recovery fund is sufficient: Report
S Priyashini - PARIS: The European Union's COVID-19 recovery response is robust and does not fall short when compared with the United States' US$1.9 trillion recovery plan, European Council President Charles Michel told Les Echos newspaper. EU member states agreed last summer on a €750 billion (US$892.2 billion) ...
3 days ago
KrisEnergy receives EGM requisition from shareholders questioning restructuring process
The Edge Singapore - Two substantial shareholders of KrisEnergy, which is in the midst of a long-drawn debt restructuring process, have called for an extra-ordinary general meeting after the company said on March 31 that there’s “material uncertainty” to its ability to complete the restructuring. This was b ...
4 days ago
Decision to allow Muslim nurses to wear tudung could be made by end-August: PM Lee
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4 days ago
32 new Covid-19 cases in Singapore, including 1 in the community
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4 days ago
China fines Alibaba record US$2.75 billion for anti-monopoly violations
S Priyashini - SHANGHAI: Chinese regulators have fined Alibaba Group Holding 18 billion yuan (US$2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever anti-trust fine to be imposed in the country. The penalty, equivalent to around 4 per cent of ...
4 days ago
China slaps Alibaba with RMB 18.2 billion fine in monopoly probe
The Edge Singapore - The Chinese government has fined technology giant Alibaba Group RMB18.2 billion yuan ($3.73 billion), according to a statement posted on the website of China’s State Administration for Market Regulation. The penalty is equivalent to around 4% of its domestic sales of RMB455.7 billion in 2019. Acco ...
4 days ago
Adulting 101: Love retail therapy but want to control your spending? Here’s what I’ve learnt
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4 days ago
Cabinet reshuffle: No sweeping changes expected, but finance minister role is one to watch, say ex-MPs and analysts
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4 days ago
Commentary: Biden’s big fiscal gamble on America’s future
Biden's ambitious bills risk over-interpreting the times, says the Financial Times’ Edward Luce.
4 days ago
GCB at Binjai Park up for sale at price tag of S$35.2m
Nisha Ramchandani - A GOOD Class Bungalow (GCB) in Binjai Park is on the market at an asking price of about S$35.2 million.
4 days ago
What Singapore's ageing population could mean for the property market
Kalpana Rashiwala - WHEN a government tender closed last year for a sprawling site along Gibraltar Crescent in Sembawang near Singapore's northern coast for a proposed dementia care village, it drew just one bid, S$15 million.
4 days ago
Why Stanford should clone itself
David L Kirp - STANFORD University's faculty members may have convinced themselves that they struck a blow for egalitarianism when they voted for a policy meant to de-emphasise wealth in admitting undergraduates. But those professors should hold off on breaking out the champagne.
4 days ago
Biden and human rights
JOSEPH S NYE, JR - DURING Joe Biden's long career in the US Senate, he established a record of supporting human rights as a goal of American foreign policy. Now, as president, Mr Biden's commitment in this area is being put to the test.
4 days ago
Who will be Singapore's next Minister for Finance?
Sharon See - MUCH of the scrutiny is on Singapore's next prime minister, but for the business community, the more immediate question is over the next finance minister.
4 days ago
Bill Gates is right about the crazy rush for SPACs
Chris Bryant - WHEN'S the right time to join the stock market? These days companies taken public by special purpose acquisition companies are raising billions of dollars based on little more than a few prototypes and a business plan.
4 days ago
Allied Tech executive director Kenneth Low arrested, named as co-accused of Jeffrey Ong in 5 charges
Tay Peck Gek - KENNETH Low Si Ren, Allied Technologies' executive director - who has been implicated by JLC Advisors' former managing partner as being allegedly responsible for the Catalist-listed firm's missing escrow funds - has been arrested.
4 days ago
BlackGold gains 12.5% on proposed reverse takeover
Lisa Kriwangko - SHARES of BlackGold Natural Resources rose 12.5 per cent on Friday, after the Catalist-listed company proposed to acquire Tengri Coal and Energy (TEC) for a tentative S$1 billion - to be adjusted following an independent valuation.
4 days ago
Mercurius rises 7.7% on s$36m plan to buy Malaysia grocery businesses
Lisa Kriwangko - SHARES of Mercurius Capital Investment rose 7.7 per cent or 0.5 Singapore cent on Friday, to close at seven Singapore cents, after the Catalist-listed company proposed to acquire 10 grocery businesses in Malaysia for S$36 million.
4 days ago
Econ Healthcare prices IPO shares at S$0.28 each
Claudia Tan - OPERATING as a private business for close to a decade gave Econ Healthcare the leeway to restructure and prepare for future growth, but the private nursing home operator is now ready to go public again.
4 days ago
A field guide to intelligent automation
GAYLE GOH - "LET'S talk about automation," says the chief executive as he leans back, fingers steepled, looking inspired yet deeply troubled at the same time. "I feel like we aren't doing enough." On cue, heads around the table wobble. This is something the room can get behind.
4 days ago
Robots to make food deliveries from Westgate mall to JTC Summit in upcoming trial
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4 days ago
Gojek and Tokopedia to seek investor approval after deciding on merger terms
Bloomberg - Gojek and Tokopedia have decided on terms and are seeking investor approval for a merger that could create Indonesia’s largest internet company, a person familiar with the matter said, putting the deal on track for completion as soon as over the summer. The managements and boards of both startups ...
4 days ago
Econ Healthcare launches IPO with 50 mil offering shares at 28 cents apiece
Felicia Tan - Econ Healthcare (Asia), which announced its plans to list on the Catalist board on the Singapore Exchange (SGX) in March, has launched its initial public offering (IPO) with 50 million offering shares on April 9. The offering shares, which comprise a placement of 48.2 million offering shares and 1.8 ...
4 days ago
62,000 emails linked to Certis account caught up in phishing attack, some containing personal information
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4 days ago
Boeing reveals 'potential' 737 MAX issue
RAE WEE - PARIS: US aircraft manufacturer Boeing said on Friday (Apr 9) it had recommended that 16 clients flying its 737 MAX models address a "potential electrical issue", a new setback for its most popular plane. Boeing managed to get the 737 MAX back into the skies late last year after it was grounded ...
4 days ago
Keppel readies for a break, caution on OUE surge, respite for STI
The Edge Singapore - Technically, OUE is certainly attracting its fair share of attention. The moving averages are bunched up and turning positive simultaneously. Quarterly momentum is shooting higher. Volume is rising. Technical indicators can be said to be in place to support further gains. But, for investors with Ria ...
4 days ago
GuocoLand CEO Raymond Choong to retire; Singapore managing director Cheng Hsing Yao to take over
Uma Devi - GUOCOLAND’S president and chief executive Raymond Choong is set to retire from his position and step down from the company’s board of directors on June 30.
4 days ago
Missing S$33m case: It’s an accident that lawyer Jeffrey Ong had a stolen passport when nabbed abroad, defence says
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4 days ago
Retailer Naiise to close last S’pore outlet at Jewel Changi Airport, some vendors owed up to S$10,000
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4 days ago
Weekend entry restrictions at Lucky Plaza, Peninsula Plaza to be lifted after 'crowding situation' improves
Uma Devi - SINGAPORE: Weekend entry restrictions at Lucky Plaza and Peninsula Plaza will be lifted from Saturday (Apr 10), almost eight months after they were put in place as part of COVID-19 measures. “Improvements in the crowding situation” have been observed at the two malls, the Singapore Tourism Boa ...
4 days ago
Weekend entry restrictions to Lucky Plaza, Peninsula Plaza to be lifted from April 10
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