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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3 days ago

Vietnam plans to cut environment tax on jet fuel by 50per cent

HANOI : Vietnam plans to further cut environment tax on jet fuel to help the airline industry, which is struggling from the impacts of the coronavirus pandemic, its finance ministry said on Friday. The ministry is seeking government approval to lower the jet fuel tax by 50per cent for the whole of 2 ...

3 days ago

UnUsUal enters joint venture targeting NFT market

Atiqah Mokhtar - Concert promoter and event producer UnUsUal has announced that its wholly-owned subsidiary UnUsUaL Development has entered into a strategic partnership to expand into the non-fungible token (NFT) market. UnUsUaL will jointly incorporate a new entity, FunBase with event organiser Season Culture and a ...

3 days ago

Pakistan petrol retailers call off strike after deal with gov't

ISLAMABAD : Pakistan's petrol retailers called off a nationwide strike late on Thursday after reaching an agreement with the government over an increase in profit margins, according to the country's energy minister. The strike had begun early on Thursday as the main industry body flagged l ...

3 days ago

Glove makers and Medtecs International surge on possible new virus variant

The Edge Singapore - Medical disposals stocks including the glove makers and Medtecs International is surging today, on news of possible new Covid-19 variants from South Africa. As at Nov 26, Top Glove is up 10.34% to 80 cents; Riverstone up 5.07% to 72.5 cents, UG Healthcare up 15.69% to 29.5 cents. Medtecs Internation ...

3 days ago

Man with acute respiratory infection pleads guilty to leaving home to get tattooed after being told to stay home by doctor

maria.almenoar -

3 days ago

New Covid-19 variant: Travellers from 7 African countries to be barred from entering S'pore; will face tighter restrictions

marcel.pereira -

3 days ago

ComfortDelGro acquires UK property for $6.6 mil; new site to enable investment in development of new bus garage

Felicia Tan - ComfortDelGro Limited (CDG) has acquired a property in Brentford, London, in the UK, from Waterside Places for a total consideration of £3.6 million ($6.6 million). The property was acquired by Metroline, CDG’s wholly-owned but indirect subsidiary incorporated in the UK on Nov 25. Waterside Place ...

3 days ago

Singapore bans entry from South Africa and 6 other African countries amid new Covid variant from that region

Tessa Oh - SINGAPORE will be barring non-resident visitors from 7 African countries from entering the country in the light of recent news reports that the new B.1.1.529 Covid-19 variant, a potentially more contagious novel coronavirus variant, may be circulating there.

3 days ago

Japan factory output to post first rise in 4 mths as bottlenecks ease: Reuters poll

TOKYO : Japan's factory output probably rose in October for the first time since June, while retail sales likely posted the first growth in three months helped by eased COVID-19 restrictions, a Reuters poll showed.The stronger data suggests the recovery is gaining more traction, boding well for ...

3 days ago

Setting the record straight: Building a credible offset strategy

Malavika Bambawale - The COP26 Summit is now complete, with mixed reactions about its ability to push through a game changing climate deal. While there may have been several disappointments, one victory claimed was the agreement on Article 6 of the Paris agreement which clarifies rules for the creation of a government l ...

3 days ago

Asian markets battered in knee-jerk reaction to new Covid variant

Vivienne Tay - SINGAPORE shares resumed trading battered on Friday (Nov 26) afternoon, as Asian markets tumbled amid fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong.

3 days ago

Stocks slide across Asia in knee-jerk reaction to new B11529 variant

Vivienne Tay - SINGAPORE shares resumed trading battered on Friday (Nov 26) afternoon, as Asian markets tumbled amid fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong.

3 days ago

Stocks slide across Asia in knee-jerk reaction to new African Covid-19 variant

Vivienne Tay - SINGAPORE shares resumed trading battered on Friday (Nov 26) afternoon, as Asian markets tumbled amid fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong.

3 days ago

Singapore stocks resume Friday afternoon down 1.4% amid new Covid-19 variant fears

Vivienne Tay - SINGAPORE shares resumed trading battered on Friday (Nov 26) afternoon, as Asian markets tumbled amid fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong.

3 days ago

South Africa working at 'lightning speed' on new virus variant

Bloomberg - South African scientists are working “at lightning speed” to ascertain how quickly the concerning new coronavirus variant can spread and whether it is resistant to Covid-19 vaccines. Results will still take at least two weeks, Tulio de Oliveira, a bio-informatics professor who runs gene-sequenci ...

3 days ago

Man, 24, jailed 10 months for having sex with underaged girl he met on dating platform TanTan

yasmine.yahya -

3 days ago

Brokers' take: UOBKH upgrades Maybank to 'buy' on faster-than-expected recovery in provisions

Wong Pei Ting - UOB Kay Hian (UOBKH) has upgraded its call on Malayan Banking (Maybank) to "buy" from "hold" with a higher target price of RM9.20 from RM8.70, a day after the largest banking group in Malaysia posted a higher-than-expected net profit for its third quarter ended Sep 30, 2021.

3 days ago

JTC awards Jalan Papan site tender for S$5.6m to Trans-Euro

Venga Subramaniam - JTC has awarded the tender for the industrial site at Jalan Papan (Plot 7) to machinery lifting and hoisting contractor Trans-Euro, at a tendered sum of some $5.6 million.

3 days ago

Japan PM Kishida urges companies to raise wages by 3per cent or more

TOKYO : Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered pre-pandemic levels to raise wages by 3per cent or more at their labour talks next spring as he aims to achieve a virtuous cycle of growth and wealth distribution.Kishida told his "new capitali ...

3 days ago

Singapore's manufacturing output grows 16.9% in October after decline in previous month

SINGAPORE: Singapore's manufacturing output rose in October, after a decline in the month before that, official data on Friday (Nov 26) showed.  Manufacturing outpu

3 days ago

After shaking up nickel, China's Tsingshan sets sights on lithium

Tsingshan Holding Group, the Chinese firm that shook the nickel world by rapidly boosting output in Indonesia, is among the latest entrants to the white-hot lithium sector, potentially making it a one-stop shop for electric vehicle (EV) battery ingredients.Tsingshan, predominantly a stainless steel ...

3 days ago

Takings rise 16% year on year for Singapore's services industries in Q3

Janice Heng - SINGAPORE'S services industries saw business receipts rise 16 per cent year on year for the third quarter, according to Department of Statistics (Singstat) figures on Friday (Nov 26). Business receipts were also up 4.8 per cent on a quarter-to-quarter non-seasonally adjusted basis.

3 days ago

Singapore factory output up by 16.9% in October on pharmaceuticals rebound

Annabeth Leow - SINGAPORE'S factory sector returned to growth in October, after a worse-than-expected decline in the month before, with help from a rebound in the volatile biomedical manufacturing cluster.

3 days ago

Singapore’s manufacturing output rebounds in October, growing 16.9% y-o-y

Atiqah Mokhtar - Singapore’s manufacturing output increased by 16.9% on a y-o-y basis in October, according to preliminary data released by the Singapore Economic Development Board (EDB) on Nov 26. This marks a return to growth after the 2.2% decline in manufacturing output recorded in September, which had broken ...

3 days ago

African lion at Singapore Zoo recovers from Covid-19; exhibit to reopen on Nov 27

bryanng -

3 days ago

Malaysia's October CPI up 2.9per cent, above forecast

Nov 26 : Malaysia's consumer prices in October rose 2.9per cent from a year earlier, above forecast,  government data showed on Friday.​October's consumer price index (CPI) was expected to rise 2.8per cent, according to 19 economists surveyed in a Reuters poll.

3 days ago

UOB Kay Hian starts Trans-China Automotive Holdings at 'buy' with TP of 39 cents

Felicia Tan - UOB Kay Hian has initiated “buy” on Trans-China Automotive Holdings with a target price of 39 cents. The counter is valued based on a forward price-to-earnings (P/E) range of 6 times FY2022 earnings of RMB180.2 million ($38.3 million). “This is at a 25% discount to its dealership network and, ...

3 days ago

Brokers' take: UOBKH initiates Trans-China Automotive with 'buy', S$0.39 target price

Tessa Oh - DEMAND for Trans-China Automotive's (TCA) after-sales service for BMW cars is expected to grow in line with the increasing BMW automobile population and the car dealership's growth in new automobile sales, according to UOB Kay Hian (UOBKH).

3 days ago

Half of all logistics sector jobs to change or be displaced with Industry 4.0

Mindy Tan - AT least 1 in 2 job roles within the logistics sector will undergo at least a medium degree of change or undergo displacement in the coming 3 to 5 years with the adoption of Industry 4.0 (I4.0).

3 days ago

Analysis-In Japan, a weaker yen may not be the blessing it once was

TOKYO : A weak yen, once seen as favourable for Japan's exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.A gradual shift by Japan's manufacturers to offshore production means a weak yen has become less of a boon for local ex ...

3 days ago

Active vs passive? Why it is not that simple anymore

Sam Potter - For the past five decades a radical idea has been eating away at the soul of the global asset management industry: What if you can’t beat the market? At least, not consistently. Then all the time, energy and — most important — money spent trying to do so is wasted. You’d be better off buying ...

3 days ago

China asks Didi to delist from US on security fears - Bloomberg News

:Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported.China's tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of ...

3 days ago

China asks Didi to delist from US on security fears: Report

SHANGHAI: Chinese regulators have asked top executives of ride hailing giant Didi Global to devise a plan to delist from US bourses on data security fears, Bloomberg News reported. China's tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about l ...

3 days ago

Briefs: Strong demand for tickets on Singapore-Malaysia Causeway reopening; MAS weighs action over DBS service glitch

The Edge Singapore - Quoteworthy: "I was just in Hong Kong, I made a joke that the Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we will last longer." –— Jamie Dimon, chairman and CEO of JPMorgan Chase. He has since issued two apologies Strong demand for tickets on Singapor ...

3 days ago

Yen, franc surge as new virus variant rattles markets

LONDON : The Japanese yen and the Swiss franc surged on Friday, while the Australian dollar and the Norwegian crown slumped, as investors fled for shelter following the discovery of a new coronavirus variant that could resist current vaccines.Closed U.S. markets for Thanksgiving holidays meant marke ...

3 days ago

Yen rallies, rand and Aussie stumble as new variant spurs flight to safety

OTTAWA : The safe-haven yen rallied while the South African rand and risk-sensitive Australian dollar slumped on Friday, as investors ducked for cover following the discovery of a new coronavirus variant that could resist current vaccines.The yen leapt as much as 0.64per cent to 114.595 per dollar, ...