1 day ago
Sea announces first-ever share buyback of up to US$1 billion
Shikhar Gupta - The timing and amount of the buybacks will be determined on market conditions and other factors, says company
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
City Developments total sales value for 3QFY2025 at $313.2 mil with no new launches during quarter
Nicole Lim - City Developments Limited (CDL) has sold 88 units with a total sales value of $313.2 million for 3QFY2025 ended Sept 30, less than the 321 units with a total sales value of $611.1 million sold in the same quarter last year. Sales were primarily from existing projects as there were no new launches du ...
1 day ago
Acra wants boards to scrutinise the numbers ahead of FY2025 reporting
Renald Yeo - This call to action comes amid the global economic uncertainties from trade and tariff-related risks
1 day ago
Daily Debrief: What Happened Today (Nov 17)
Stories you might have missed
1 day ago
Three quarters in, domestic disquiet could prove costly for S-E Asia’s growth drivers
Evan See - Front-loading begins to cool, while political turnovers and corruption scandals rattle confidence
1 day ago
Yangzijiang Shipbuilding bags orders worth US$2.2 billion in year to date
Shikhar Gupta - This compares to US$11.6 billion in the same period in 2024
1 day ago
Yangzijiang Shipbuilding order wins at US$2.2 billion in year to date
Shikhar Gupta - This compares to US$11.6 billion at the same period in 2024
1 day ago
SIA Group posts 5.3% y-o-y increase in passenger traffic for Oct 2025 while cargo demand softens
Nicole Lim - Singapore Airlines (SIA) Group has posted a 5.3% y-o-y increase in passenger traffic, outpacing the 3.7% increase in passenger capacity in the month of October 2025. This has resulted in the group’s passenger load factor (PLF) rising by 1.3 percentage points (ppts) to 87.3%. SIA posted a monthly P ...
1 day ago
SGX Derivatives to launch Bitcoin and Ethereum perpetual futures from Nov 24
Nicole Lim - The Singapore Exchange (SGX) Derivatives is launching Bitcoin and Ethereum perpetual futures starting Nov 24 to institutional, accredited and expert investors. These contracts will provide a continuous, no-expiry structure favoured by crypto-native communities, combined with the robust clearing and ...
1 day ago
Emirates orders 65 Boeing 777X planes in US$38b deal
[DUBAI] Emirates ordered 65 Boeing 777X planes in a deal worth US$38 billion on Monday (Nov 17), delivering a vote of confidence...
1 day ago
EDF, OpCore to develop 4-billion-euro data centre in France
French utility EDF and OpCore, a joint venture between telecoms group Iliad and InfraVia Capital Partners, have entered into exclusive negotiations to develop a hyperscale data centre, the companies said on Monday.The project, which would be located on the site of EDF’s former coal-fired plant at ...
1 day ago
EDF, OpCore to develop 4 billion euros data centre in France
French utility EDF and OpCore, a joint venture between telecoms group Iliad and InfraVia Capital Partners, have entered exclusive negotiations to develop a hyperscale data centre on the site of EDF’s former coal-fired plant at Montereau-Vallee-de-la-Seine, the companies said on Monday.The project, ...
1 day ago
Yangzijiang Shipbuilding reports order wins of US$2.17 bil for 9MFY2025, four times more than a quarter ago
Nicole Lim - Yangzijiang Shipbuilding has recorded order wins of US$2.17 billion ($2.82 billion) for the 9MFY2025 ended Sept 30, four times more than in 1HFY2025. This brings the group’s total order book value to US$22.83 billion. Yangziijiang said that green vessels accounted for more than 70% of the total or ...
1 day ago
Singapore stocks close lower amid mixed regional trading; STI down 0.1%
Young Zhan Heng - Across the broader market, gainers trail losers 247 to 309
1 day ago
SGX to launch Bitcoin, Ethereum perpetual futures on Nov 24
Goh Ruoxue - The contracts will have no expiry dates and adopt a funding rate mechanism
1 day ago
Bank Indonesia to hold rates steady at 4.75% on November 19, cut next month: Reuters poll
BENGALURU :Bank Indonesia will hold its key interest rate steady again on Wednesday to limit pressure on the rupiah while it presses commercial banks to lower lending rates and assess the impact of previous rate cuts on the economy, a Reuters poll of economists showed.Last month, when BI unexpectedl ...
1 day ago
SIA Group passenger traffic up 5.3% in October
Shikhar Gupta - This outpaces a 3.7% increase in passenger capacity
1 day ago
Alphabet shares hit record after Berkshire makes rare tech bet with $4.9 billion stake
Alphabet shares rallied nearly 6 per cent to a record high on Monday after Berkshire Hathaway's new stake provided an endorsement of the tech giant's artificial intelligence efforts amid heightened worries over a looming bubble.The purchase of 17.85 million Alphabet shares - worth about $4 ...
1 day ago
Alphabet shares jump after Berkshire makes rare tech bet with $4.9 billion stake
Alphabet's shares rose 5.2 per cent on Monday after Berkshire Hathaway disclosed a stake in the tech giant, marking what could be one of the final major investments by the conglomerate under the leadership of Warren Buffett.The stock purchase, a rare bet on technology by Berkshire, comes amid g ...
1 day ago
Google-parent Alphabet's shares rally after Berkshire reveals $4.9 billion stake
Alphabet's shares rose 5.5 per cent in premarket trading on Monday after Berkshire Hathaway disclosed a stake in the tech giant, marking what could be one of the final major moves by the conglomerate under the leadership of Warren Buffett.A filing on Friday showed that Berkshire owned 17.85 mil ...
1 day ago
UK Twitter hacker who breached Obama's account ordered to repay $5.4 million in Bitcoin
LONDON :A man convicted over a 2020 Twitter hack that compromised accounts of high-profile figures including former U.S. President Barack Obama has been ordered to repay 4.1 million pounds ($5.40 million) worth of Bitcoin, British prosecutors said on Monday.Joseph James O’Connor, 26, pleaded guilt ...
1 day ago
UK Twitter hacker who breached Obama accounts ordered to repay 4.1 million pounds in Bitcoin
LONDON :A man convicted over a 2020 Twitter hack that compromised accounts of high-profile figures including former U.S. President Barack Obama has been ordered to repay 4.1 million pounds ($5.40 million) worth of Bitcoin, British prosecutors said on Monday.($1 = 0.7596 pounds)
1 day ago
Sim Leisure’s Sim Choo Kheng on breaking Western myths and building Asia’s next attractions giant
The Edge Singapore - For decades, the global attractions industry has been primarily viewed from a Western perspective, with movie-based theme parks dominating the market, their global influence strengthened by Hollywood’s cultural dominance. However, Sim Choo Kheng, founder and chairman of the listed Sim Leisure Grou ...
1 day ago
Minimum fare for Grab drivers to rise by S$0.50 to S$5.80 from Nov 24
Deon Loke - It follows Grab’s recognition of the NTUC-affiliated National Taxi Association to represent taxi drivers on its platform
1 day ago
Investment firm Asia White Knight acquires F&B group Creative Eateries, sets 5-year revenue target of S$100 million
Paige Lim - Under new management, Creative Eateries will embark on a three-phase growth strategy to optimise its operations, revamp its loyalty programme and develop...
1 day ago
Hyundai pledges record US$85.8b investment in South Korea
Hyundai called it “the company’s largest-ever domestic investment commitment”
1 day ago
DBS said to still be in pursuit of Alliance Bank stake: TEM
Adeline Paul Raj - Singapore’s biggest lender DBS Group Holdings is not giving up its pursuit of a stake in Alliance Bank Malaysia, sources say. It is now pursuing the matter through government-to-government talks, according to one of the sources. “There are some very high-level discussions [going on]. It has beco ...
1 day ago
Analysts see Food Empire’s shares going past $3 after record 9MFY2025 revenue; CGS lifts TP to $3.18
Felicia Tan - Analysts believe Food Empire’s shares could go past $3 after the company’s revenue for the 9MFY2025 reached a new high. For the nine months ended Sept 30, total revenue surged by 23.9% y-o-y to US$426.7 million ($555.0 million), as 3QFY2025 revenue grew by 28.3% y-o-y to US$152.6 million. The hi ...
1 day ago
L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
The move highlights how central China is to the company’s global strategy
1 day ago
UBS and Ant International partner on blockchain-based real-time crossborder payments settlement and liquidity management
The Edge Singapore - UBS has entered a strategic partnership with Ant International, to explore innovations in blockchain-based tokenised deposits to support Ant International’s global payments settlement and liquidity management. Under the MoU, Ant International will leverage UBS Digital Cash, a blockchain-based paym ...
1 day ago
Hong Leong Finance opens new Punggol branch with dedicated SME Centre
Sudeshna Dhar - The outlet also contains new privacy-enhanced teller booths, replacing traditional counters
1 day ago
Maybank trims target price for Sanli Environmental following 1HFY2026 results
Teo Zheng Long - Jarick Seet of Maybank Securities has maintained his “buy” call on water and waste project developer Sanli Environmental (Sanli) following its latest 1HFY2026 results. However, as the company’s revenue of $72.1 million and core PATMI of $2.1 million was slightly under his estimates, Seet, in h ...
1 day ago
Nomura said to probe if profits inflated at India bond desk
Demand has surged as insurance companies have ramped up purchases
1 day ago
Tokyo Gas sells US gas unit to Grayrock Energy for $255 million
TOKYO :Tokyo Gas, Japan's largest city gas supplier, said on Monday it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million.The unit, operating in Louisiana's Haynesville and Cotton Valley formations, was sold as part of To ...