1 day ago
Philippine garment makers find they can’t quit the US just yet
Long-standing relationships built over decades with American clients have helped to soften the blow
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Thales steps up Singapore investments across advanced manufacturing and digital tech
Nurdianah Md Nur - Thales will boost the manufacturing capabilities of its Singapore Cybersecurity & Digital Identity Manufacturing Competence Centre through increased automation. The 21,000-square-meter Singapore facility produces over 200 million banking cards, 12 million identity cards, and nearly 10 million pa ...
1 day ago
Exclusive-South Korea eyes dollar bond issuance for pension fund this year
SEOUL, Feb 4 : South Korea's vice welfare minister said she hopes the National Pension Service (NPS) will start issuing foreign-currency bonds by the end of the year, a move that will strengthen efforts to diversify financing amid rising exchange-rate volatility."The sooner, the better. It ...
1 day ago
Hong Kong property bets grow as private credit fund plans to double investment
The commercial real estate sector remains under pressure, offering opportunities for lenders willing to take more risk
1 day ago
GIC, Temasek revamp how they deal with hedge funds
Temasek said last year it invested in about 10 hedge funds
1 day ago
DBS maintains $5.71 target price for Singtel following acquisition of STT GDC with KKR
The Edge Singapore - DBS Group Research is keeping its bullish target price of $5.71 on Singapore Telecommunications following confirmation on Feb 4 that it is joining KKR to take full control of STT Global Data Centres for $6.6 billion, which implies an enterprise value of $13.8 billion, including leverage and planned ...
1 day ago
Local digital asset exchange DigiFT offers tokenised access to Hines’ US$6 bil real estate portfolio
Douglas Toh - Singapore-headquartered digital asset exchange platform for institutional-grade real-world assets (RWA), DigiFT has partnered with US-based real estate investment manager, Hines to offer investors tokenised access to a fund which invests in an over US$6 billion ($7.62 billion) real estate portfolio ...
1 day ago
Nintendo shares slide 11% as Switch 2 momentum fears grow
TOKYO, Feb 4 : Nintendo shares slid 11 per cent on Wednesday as investors fretted about momentum for its flagship Switch 2 gaming device. The Kyoto-based gaming company on Tuesday reported robust sales for the Switch 2 during the year-end shopping season, though the system is viewed as lacking high- ...
1 day ago
Japan's Marubeni lifts full-year profit forecast by 5.9% to $3.5 billion
TOKYO, Feb 4 : Japanese trading house Marubeni on Wednesday raised its net profit forecast for the fiscal year ending March 30 to 540 billion yen ($3.46 billion) from 510 billion yen.The guidance represents a 7.4 per cent increase from the 503 billion yen earned a year earlier.Profit for the nine mo ...
1 day ago
Gold extends rally, jumps over 2% after best day since 2008
A weaker US dollar makes greenback-priced bullion more affordable for holders of other currencies
1 day ago
Singdollar bond issues may match recent highs due to geopolitical uncertainty: OCBC
Renald Yeo - Refinancing activity on perpetual securities issued during the Covid-19 pandemic years might also help
1 day ago
Oil prices extend gains on fears of escalating tensions in Mideast
TOKYO, Feb 4 : Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran.Brent crude fut ...
1 day ago
Oil steady as bullish Middle East tensions counter broader selloff
LONDON, Feb 4 : Oil prices were steady on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran.Erasing earlier gains, Brent crude oil futures w ...
1 day ago
Nordic Group may see upside from Micron's expansion, says OCBC
The Edge Singapore - Bryan Goh of OCBC Group Research has reiterated his "buy" call on Nordic Group along with a fair value of 59 cents, noting a favourable environment for industrial and engineering companies. The company is benefiting from broader trends. "Moderating inflation and interest rate cuts sin ...
1 day ago
LG Energy Solution signs contract with Hanwha QCells to supply 5GWh ESS battery
SEOUL, Feb 4 : South Korea's LG Energy Solution said on Wednesday it has signed a contract with Hanwha QCells USA to supply 5 gigawatt-hours energy storage system batteries between 2028 and 2030. The company said in a press release that the batteries will be lithium iron phosphate (LFP) cells m ...
1 day ago
Hongkong Land up 5.2% on launch of S$8.2 billion Singapore real estate private fund
Therese Soh - It has injected its stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay...
1 day ago
Hongkong Land up 5.2% in early trade; briefly hits 10-year high on Singapore private fund launch
Therese Soh - It has injected its stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay...
1 day ago
Hongkong Land jumps 5% briefly to 10-year high on Singapore private fund launch
Therese Soh - Counter gives up some gains later in the morning; new fund includes company’s stakes in Marina Bay Financial Centre Towers 1 and...
1 day ago
Hongkong Land closes 0.6% lower after hitting 10-year intraday high on Singapore private fund launch
Therese Soh - New fund includes company’s stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay
1 day ago
Malaysia’s Petronas set to sign LNG supply deal with QatarEnergy: sources
Petroliam Nasional is up against dwindling domestic gas reserves while local demand for the fuel rises
1 day ago
IATA says US air travel to lag global growth in 2026 and beyond
Global airlines stand to earn a record US$41 billion this year
1 day ago
Rise of AI may still be at ‘infancy’: Indosuez Wealth Management
Lin Daoyi - Indosuez Wealth Management suggests that investment in artificial intelligence in the US may still be in its “infancy” despite data from various sources estimating that Uncle Sam has spent a cumulative US$335.3 billion for the three years from 2023 to 2025. Chief investment officer Alexandre Dra ...
1 day ago
CK Hutchison unit launches arbitration against Panama over port ruling
Hong Kong's CK Hutchison said on Wednesday (Feb 4) its Panama Ports Company unit has started international arbitration proceedings against Panama after a court there annulled its licences to operate two Panama Canal ports.Panama's Supreme Court last week
1 day ago
Singtel and KKR consortium to buy remaining stake in ST Telemedia Global Data Centres for S$6.6 billion
SINGAPORE: Singtel said on Wednesday (Feb 4) that a consortium it is part of with private equity firm KKR will acquire an 81.7 per cent stake in Temasek Holdings' data centre business for S$6.6 billion (US$5.2 billion).Singtel will invest about S$740 million in the transaction and will hold a 2 ...
1 day ago
Nvidia nears deal to invest US$20 billion in OpenAI round
The startup is looking to raise up to US$100 billion in funding for a new round
1 day ago
Stocks to watch: Singtel, Hongkong Land, Keppel Reit, FLCT, GuocoLand, ESR Reit
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Feb 4):
1 day ago
More risk-taking and entrepreneurship now, but Singapore mindsets must change further
Benjamin Cher - Academics and market watchers call for bolder policy design, and for moves to encourage an entrepreneurial spirit to start earlier
1 day ago
DBS stays 'buy' on GuocoLand following privatisation bid of Malaysia-listed subsidiary
The Edge Singapore - GuocoLand's privatisation bid of its KL-listed subsidiary GuocoLand (Malaysia) may raise questions over the rationale, given that this move is "inconsistent" with its earlier divestment of properties in Malaysia. However, DBS Group Research suggests that this latest development is par ...
1 day ago
Indonesian miners halt spot coal exports over proposal to cut output
A brief export ban in 2022 sent prices sharply higher
1 day ago
Keppel REIT’s FY2025 DPU down 6.6% y-o-y to 5.23 cents; aggregate leverage temporarily at 47.9%
Teo Zheng Long - Keppel REIT’s distribution per unit (DPU) declined 6.6% y-o-y to 5.23 cents in FY2025 for the 12 months to Dec 31, 2025, attributable to the enlarged unit base and the absence of contribution from the acquisition of 75% interest in Top Ryde City Shopping Centre and the acquisition of an additional ...
1 day ago
Forget US megacaps. Buy Asia’s cheaper AI stocks, say analysts, naming Singapore picks
Therese Soh - A rebalancing beyond US tech giants could unleash artificial intelligence opportunities for Asia
1 day ago
Forget US megacaps. Buy Asia’s cheaper AI stocks instead, say analysts, naming Singapore picks
Therese Soh - A re-balancing beyond US tech giants could unleash artificial intelligence opportunities for Asia
1 day ago
ESR-Reit posts 7.1% rise in H2 DPU to S$0.10675
Shikhar Gupta - The distribution for H2 will be paid out on Mar 24, following the record date of Feb 12
1 day ago
ESR-Reit eyes S$8 billion AUM over five years, targets 8-10% unitholder returns
Chong Xin Wei - These goals will be achieved through selective redevelopments and acquisitions, while actively paring short land lease assets