2 days ago
STI constituents unchanged in June review; First Resources, Olam join reserve list
Renald Yeo - DBS remains the index’s largest stock by market capitalisation, at S$182 billion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
CNA Explains: What the US forced labour probe means for global trading partners
Dozens of economies, including Singapore, could face a new 12.5 per cent levy if the proposed tariffs are implemented.
2 days ago
Fitch comment on TLAC prompted by MAS consultation paper
The Edge Singapore - On May 13, the Monetary Authority of Singapore said in a consultation paper that the Financial Stability Board total loss-absorbing capacity (TLAC) term sheet requires a global systemically important bank (GSIB) to maintain TLAC equal to at least 18% of its risk-weighted assets (RWA) at all times. â ...
2 days ago
Honeywell's Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
June 4 : Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum computing company became the latest to benefit from robust investor demand.The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast ...
2 days ago
Honeywell's Quantinuum heads for Nasdaq debut as quantum computing gains momentum
June 4 : Honeywell's Quantinuum is set to make its U.S. market debut later on Thursday, after strong investor interest helped the quantum computing company raise $1.68 billion in an upsized initial public offering. Breakthroughs in the fast-growing technology have spurred bets that quantum mach ...
2 days ago
Honeywell's Quantinuum set to open higher in Nasdaq debut after upsized IPO
June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion.The stock was last indicated to trade at $61, compared w ...
2 days ago
Commercial vehicle COE likely to breach S$100,000; mainstream car premiums to remain elevated
Derryn Wong - EV demand, high diesel prices and short supply will continue driving upward pressure: observers
2 days ago
T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
BENGALURU, June 4 : U.S. telecom operator T-Mobile opened its global capability center (GCC) in India on Thursday and plans to employ nearly 1,000 people by 2027, according to a statement from an Indian state government. Here are some details: • The tech centre was inaugurated in Hyderabad — ca
2 days ago
Singapore stocks retreat as bank sell-off snaps STI’s two-day winning streak
The index falls 1.4% to close at 5,067.53
2 days ago
First Resources and Olam to replace Netlink and SIA Engineering in STI reserve list
The Edge Singapore - First Resources and Olam Group have replaced NetLink NBN Trust and SIA Engineering on the reserve list of the Straits Times Index. SIA Engineering was only included in the reserve list in the most recent quarterly review in March, displacing CapitaLand Ascott Trust. The other three members of the re ...
2 days ago
AI needs to ‘work in support of humans’: Josephine Teo
Ranamita Chakraborty - The minister says Singapore’s approach places people at the centre of adopting the technology
2 days ago
JustCo founder Kong buys shares after more than 30% drop from IPO price of 94 cents
The Edge Singapore - Kong Wan Sing, founder of coworking operator JustCo, has started buying up shares of the newly-listed company from the open market. On June 3, Kong paid 65.5 cents each for 200,000 shares. The following day, he bought another 300,000 shares at 69.4 cents each. This brings his direct stake to 812,500 ...
2 days ago
CrowdStrike drops as revenue growth fails to impress investors despite AI push
June 4 : CrowdStrike shares slid 11 per cent in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments.The stock had rallied 60 per cent in May.CrowdStrike's ARR grew 22 per ce ...
2 days ago
CrowdStrike shares fall as 'Mythos moment' fails to cheer investors
June 4 : CrowdStrike shares slid 8 per cent on Thursday after the company's quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.If the losses persist, the cybersecurity firm's ...
2 days ago
Can Southeast Asia claim its place in the AI economy?
Nurdianah Md Nur - Artificial intelligence (AI) could add close to US$1 trillion ($1.28 trillion) to Asean’s collective GDP by 2030, according to research by EDBI and Kearney. That economic promise is adding urgency to an infrastructure race already underway. Tech giants, including Microsoft, Google and Amazon Web S ...
2 days ago
Three hats, one future
By Daniel Soh and Annie Koh - Imagine a holding-company board meeting that has drifted into its third hour. The agenda began with capital allocation, moved to a related-party transaction, and then turned almost inevitably to succession. A family shareholder wants the group to move faster. An independent director asks whether the ...
2 days ago
Amazon unveils new AI warehouse robot in $12 billion Europe push
DARTFORD, England June 4 : Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The Seattle-based e-commerce giant showcased the next-ge ...
2 days ago
Physical AI finds a different path in Southeast Asia
Nurdianah Md Nur - Beyond Singapore’s ageing population, Southeast Asia is often seen as having little need to automate due to its young and growing workforce. However, this view overlooks where labour pressures are already starting to bite. Charlie Dai, VP and principal analyst at Forrester, sees the shortage as un ...
2 days ago
Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports
June 4 : Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman Sachs, Bloomberg News reported on Thursday, citing people familiar with the matter.Last month, more than 15 compa ...
2 days ago
South Korea's LG Group to adopt 10,000 Nvidia GPUs, Maeil says
SEOUL, June 4 : South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG ...
2 days ago
AI assurance may be Southeast Asia’s missing growth layer
Nurdianah Md Nur - Dear readers, Each technology boom is frequently accompanied by the recurring question: Is this a bubble? It is a fair warning, but also an easy argument. Investors get carried away. Companies overspend. Promises run ahead of profits. The better test is what remains after the easy money goes away. T ...
2 days ago
EY.ai: Investing in AI to scale enterprise value
EY - Artificial intelligence (AI) is now central to economic strategy. The Singapore Economic Strategy Review has set out recommendations to position Singapore as a leader in AI solutions and innovation, backed by investment in safety, governance and enterprise adoption. To deliver on that ambition, AI m ...
2 days ago
Genome study shows what made the extinct Ice Age cave lion unique
June 4 : The cave lion was one of the biggest cats to ever live, prowling a huge swathe of territory from Western Europe across Siberia and into North America and hunting large prey - and perhaps even people - before going extinct around the end of the Ice Age.New genome research reveals what made t ...
2 days ago
Winning the AI race: Why ‘speed-to-power’ is the new currency for Southeast Asia’s digital economy
Nurdianah Md Nur - For data centre developers in Southeast Asia, the focus is no longer just land, permits or tenants. We have entered what GE Vernova CEO Scott Strazik calls the ‘decisive decade’, where success will depend increasingly on execution and manufacturing throughput. As electricity demand rises and ene ...
2 days ago
Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the curr ...
2 days ago
Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its custom AI chips business.The premarket losses, if sustained, will erase more than $315 billion from the company' ...
2 days ago
South Korea's KEPCO wins Saudi Jafurah power project, seen worth $1.4 billion
SEOUL, June 4 : Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia's Jafurah project, expanding its presence in the kingdom's energy market. The company expects total revenue of about 2.1 trillion ...
2 days ago
The halfway mark: taking stock of cybersecurity in 2026
Mandy Andress - As we approach the halfway mark of 2026, the pace of cybersecurity has not slowed down. It’s actually evolving faster than ever. When I look at some of the trends and new tools making the biggest impacts on our jobs in security, several things come to mind. First is the evolution of Frontier AI mo ...
2 days ago
Indonesia’s sector stalwarts are growing, yet many are disappearing from global indices
Elisa Valenta - The recent exclusion from benchmark gauges reflects broader investability concerns, say observers
2 days ago
COE: Commercial vehicle premium hits all-time high of $94,000, surpassing previous record at last tender
There is only a S$980 difference between the premiums for Categories A and B
2 days ago
Singapore’s finance professionals prefer roles with environmental remit compared to other developed markets: ACCA survey
Lin Daoyi - A survey has revealed that 63% of accounting and finance professionals in Singapore would like to work in roles with environmental remits, a higher proportion compared to most other developed market economies. Conducted by the Association of Chartered Certified Accountants (ACCA), Global Talent Tren ...
2 days ago
Can AI make retail investors make wiser decisions?
Nurdianah Md Nur - Volatility has always been part of investing. What has changed is how quickly retail investors are now expected to make sense of it. A tariff announcement, an earnings miss or a central bank signal can trigger a rush of commentary, analysis and conflicting views within minutes. The challenge is no l ...
2 days ago
Gone in 16 minutes: What reasoning AI means for enterprises
Sanjay Yadave - For most of the past two decades, cybersecurity tools have worked much like a building inspector. They walk through a checklist, room by room, looking for known defects. An unpatched window here, an outdated alarm panel there. They are fast, methodical and fundamentally backwards-looking, telling yo ...
2 days ago
Despite backtracking on climate commitments, HSBC says it is ‘more ambitious’ on its net-zero strategy
Janice Lim - It is focusing on commercialisation in the next phase of its sustainable financing road map