Business Headlines & Singapore Stock Market News

1 day ago

Asia: Markets fluctuate ahead of expected US rate cut

ASIAN markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.

1 day ago

Hedge fund Arrowpoint seeks US$400 million in new money by March

The performance and fund-raising plans stand out in a market where investors’ appetite for multistrategy, multimanager hedge funds has begun to abate

1 day ago

Close to 10,000 workers set to benefit from 700 approved NTUC CTC Grant projects

Elysia Tan - More than 3,600 Company Training Committees have been formed since the initiative began in 2019

1 day ago

China's economy slumps in August as consumer, export demand sags

BEIJING: China's factory output growth slowed to its weakest pace in a year in August, while retail sales fell to a nine-month low, keeping pressure on Beijing to roll out more stimulus to fend off a sharp slowdown in growth in the US$19 trillion economy.The disappointing data suggest policymak ...

2 days ago

StarHub brings precision ad targeting into live TV

Nurdianah Md Nur - StarHub has launched Dynamic Ad Pods, a solution that replaces advertisements (ads) inside live broadcast TV channels on the fly. Developed with Australian partner Hoppr, the feature relies on StarHub’s connected TV (CTV) server-side ad insertion technology, which is powered by insights from more ...

2 days ago

SGX Group joins FOMO Group’s shareholder base

Felicia Tan - Singapore Exchange (SGX Group) has joined Singapore-headquartered fintech company, FOMO Group, as one of its shareholders. SGX, which previously invested in FOMO Group’s CapBridge and 1exchange, became the group’s newest shareholder via a share exchange. Founded in 2015, FOMO Group, through its ...

2 days ago

Richard Li’s FWD plans buyback of US$900 million bond via new debt

The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4% note

2 days ago

iWOW to scale wireless alarm system for seniors across Singapore with SPTel

Nurdianah Md Nur - iWOW Technology will be expanding its wireless Alert Alarm System (AAS) initiative across the island, building on its 2019 pilot that equipped seniors in public rental flats with emergency alert buttons. The Singapore-listed technology company specialises in delivering integrated wireless Internet o ...

2 days ago

Tencent appoints banks for first bond sale in four years

The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday

2 days ago

SGX CEO Loh Boon Chye paid $7.8 mil for FY2025, 3.3% higher y-o-y

Felicia Tan - Singapore Exchange (SGX Group) CEO Loh Boon Chye was paid $7.8 million in the FY2025 ended June 30, 3.3% higher than his total pay package of $7.6 million last year. Loh’s fixed pay in FY2025 remained largely unchanged y-o-y at $1.2 million, although his cash bonus for the financial year rose by 3 ...

2 days ago

S’pore capital markets value chain may leave for other jurisdictions, warns SGX chairman

Jovi Ho - Local companies choosing to list in other markets is a warning sign that the entire capital markets value chain may similarly move away from Singapore, says Singapore Exchange (SGX Group) chairman Koh Boon Hwee. In a letter to shareholders from the bourse operator’s latest annual report, released ...

2 days ago

BYD’s US$45 billion stock wipeout raises doubts on China outlook

At the same time, rivals including Geely Automobile Holdings and Zhejiang Leapmotor Technology are gaining ground

2 days ago

OCBC's Lim cuts SingPost fair value second time in a month to 44 cents on Alibaba overhang

The Edge Singapore - Ada Lim of OCBC Investment Research has flagged the possibility that Singapore Telecommunications, the largest shareholder of Singapore Post, may look to reduce its stake in the latter, thereby causing further overhang on the share price of the postal operator. Alibaba, SingPost's second larges ...

2 days ago

UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners

Benjamin Cher - Its valuation stands at US$1.3 billion

2 days ago

Oil holds gains as investors eye impact from attacks on Russian energy facilities

[SINGAPORE] Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt...

2 days ago

Gold prices steady near record high ahead of Fed rate decision

The US central bank’s policy meeting this week comes amid challenges, including a legal dispute over its leadership and efforts to confirm...

2 days ago

Jardine C&C subsidiaries to acquire Indonesian gold mining company for US$540 million

Shikhar Gupta - Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam

2 days ago

Jardine C&C goes for gold with US$540 million Indonesian gold mine buy

Shikhar Gupta - Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units

2 days ago

Jardine C&C aims to strike gold with US$540 million Indonesian gold mine buy

Shikhar Gupta - Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units

2 days ago

Jardine C&C group aims to strike gold with US$540 million Indonesian gold mine buy

Shikhar Gupta - Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units

2 days ago

Jardine C&C units to acquire Indonesian gold mining company for US$540 million

Shikhar Gupta - Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam

2 days ago

65 Equity Partners leads US$188 mil investment in UltraGreen, valuing medtech firm at US$1.3 bil

The Edge Singapore - UltraGreen.ai has secured US$188 million from a group of investors led by Temasek-linked 65 Equity Partners and also Vitruvian Partners and August Global Partners, valuing the medical company at US$1.3 billion. UltraGreen, which describes itself as a global leader in fluorescence-guided surgical tec ...

2 days ago

65 Equity Partners leads US$188 million investment in UltraGreen, valuing medtech firm at US$1.3 billion

2 days ago

AI talent war pushes US firms to Asia’s outsourced coders

HIRING an artificial intelligence (AI) engineer is proving to be tricky for US executives of firms outside of Big Tech. Many are...

2 days ago

Q&M Dental subsidiaries propose entering JV to offer laboratory services

Therese Soh - Under that, Q&M Dental (Shenyang) will own a 49% stake and Singapore Dental Cadcam Laboratory will hold 51%

2 days ago

Jardine Cycle & Carriage’s indirect subsidiary proposes to acquire Indonesian gold mining company

Felicia Tan - PT Danusa Tambang Nusantara (DTN), the indirect subsidiary of Singapore-listed Jardine Cycle & Carriage Limited, is proposing to acquire shares in PT Arafura Surya Alam (ASA). ASA is an Indonesian incorporated company that is intended to be a gold mining company. The company holds a mining busin ...

2 days ago

PhillipCapital maintains $2.01 target price on Centurion Corp with REIT poised for spin-off

The Edge Singapore - Yik Ban Chong of PhillipCapital has kept his "assumulate" call on Centurion Corp, with its widely awaited REIT spin off's preliminary prospectus lodged after the former's shareholders voted overwhelmingly for this deal on Sept 10. Centurion Accommodation REIT will consist of 14 a ...

2 days ago

Stocks hesitate in Asia with a lot riding on the Fed

SYDNEY: Stocks got off to a quiet start in Asia on Monday (Sep 15) ahead of an action-packed week that is seemingly certain to see the US Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts.The Bank of Canada is also expected to cut rates by a quarter

2 days ago

Stocks to watch: Seatrium, Jardine C&C, Q&M Dental, Aoxin Q&M, mm2 Asia

Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Sep 15):

2 days ago

Trump expects a ‘big cut’ From Federal Reserve this week

María Paula Mijares Torres / Bloomberg - President Donald Trump predicted a “big cut” from the Federal Reserve this week ahead of a pivotal meeting at which the central bank’s governors are expected to ease policy for the first time in nine months. “I think you have a big cut,” Trump told reporters on Sunday on his way back to Wa ...