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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1 day ago

Frasers Commercial Trust Q3 DPU flat at 2.4 Singapore cents as income dips 3%

Annabeth Leow - FRASERS Commercial Trust will pay out a distribution per unit (DPU) of 2.4 Singapore cents for the third quarter, flat on the year before, the manager said on Monday.

1 day ago

More manpower support announced for growing aviation sector

Jaira Koh - WITH its “good growth momentum” even as some other sectors show weakening, aviation is an important hedge in Singapore’s diversified economy, said Manpower Minister Josephine Teo.

1 day ago

‘Raging’ fire breaks out in Ang Mo Kio flat, likely to be caused by PMD

amanda.eber -

1 day ago

Asean the “real prize” for Singapore’s upcoming digital banks: Maybank Kim Eng

Vivien Shiao - THE “real prize” for Singapore’s upcoming five challenger digital banks is the Asean market, where half of the population is underbanked and incumbent banks are still catching up, according to a recent report by Maybank Kim Eng.

1 day ago

Frasers Commercial Trust declares stable DPU of 2.40 cents for 3Q19

PC Lee - SINGAPORE (July 22): The manager of Frasers Commercial Trust (FCOT) has announced a Distribution per Unit (DPU) of 2.40 cents for the 3Q19 ended ended June 30, unchanged from 3Q18. As at June 30, FCOT’s portfolio includes six commercial buildings located in Singapore, Australia and the United Kin ...

1 day ago

Futures edge higher ahead of bumper earnings week

Rob Curran - U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies including Facebook and Amazon on tap.

1 day ago

Starbucks' China rival Luckin Coffee plans first foray overseas

Rob Curran - Starbucks' Chinese challenger, Luckin Coffee , plans to open coffee shops in the Middle East and India, in its first move overseas.

1 day ago

Forise International announces expansion into blockchain consulting, director's resignation

Leila Lai - INVESTMENT holding company Forise International Limited on Monday announced that it is expanding its consulting business into the blockchain industry.

1 day ago

Halliburton profit plunges 85per cent on impairment, severance charges

Navin Sregantan - Halliburton Co reported an 85.3per cent slump in quarterly profit on Monday, hurt by asset impairment and severance charge as the oilfield services provider continued to cut costs in the face of weak oil prices.

1 day ago

ST Engineering, Surbana Jurong to team up on smart cities with A*Star

Annabeth Leow - TEMASEK-OWNED Surbana Jurong and mainboard-listed ST Engineering are tying up with government researchers to develop smart cities solutions, in twin deals disclosed on Monday.

1 day ago

Bayer could benefit from home advantage in St. Louis Roundup cancer trial: experts

Bayer AG , facing an upcoming trial in St. Louis over allegations that its Roundup weed killer causes cancer, has recruited Missouri-based expert witnesses to make its case in a place where it has century-old roots but where juries often hit companies with huge damages.

1 day ago

Mapletree Logistics Trust Q1 DPU edges up to 2.025 Singapore cents

Yunita Ong - ACCRETIVE acquisitions in the previous financial year and the completed redevelopment of a Chinese logistics park lifted results for Mapletree Logistics Trust (MLT) in its first quarter.

1 day ago

Allied Tech expects Q1 net loss on declining profit margins

Leila Lai - CATALIST-LISTED Allied Technologies is expected to report a net loss for the three months ended March 31, the precision engineering firm said in a profit guidance issued on Monday.

1 day ago

Asian markets sink as traders consider Fed rate cut

Navin Sregantan - Most Asian markets fell in early trade Monday on dimming hopes for a deep interest rate cut by the Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

1 day ago

TODAY's evening briefing for Monday, July 22

asyrafkamil -

1 day ago

Mapletree Logistics Trust posts 3.5% rise in 1Q DPU to 2.025 cents despite enlarged base

Stanislaus Jude Chan - SINGAPORE (July 22): The manager of Mapletree Logistics Trust (MLT) has declared distribution per unit (DPU) of 2.025 cents for the 1Q19/20 ended June, some 3.5% higher than DPU of 1.957 cents a year ago. The higher DPU comes despite an enlarged unit base. The total number of issued units rose to 3 ...

1 day ago

STI slips on Monday amid signs of smaller US rate cut

Lynette Tan - THE Singapore stock market started the week on the back foot with the Straits Times Index (STI) down 0.61 per cent, in response to signals of a smaller US interest rate cut later this month.

1 day ago

India launches moon mission Chandrayaan-2

Jerome Lee - India launched a rocket into space on Monday to perform a soft landing of a rover on the moon, the country's most ambitious mission yet to cement its position as a leading low-cost space power.

1 day ago

SCDF ragging death: Trial starts for man accused of asking officer to push NSF Kok Yuen Chin into well

amanda.eber -

1 day ago

iFast unit’s wealth advisory arm unveils mobile app for advisers, clients

Vivienne Tay - IFAST Global Markets (iGM), the wealth advisory arm of mainboard-listed iFast Corp’s Singapore unit iFast Financial, has launched a mobile app targeted at wealth advisers and clients.

1 day ago

Report lapses in migrant worker dorms without fear of reprisals: Migrant Workers’ Centre

amanda.eber -

1 day ago

Private bus driver who beat red light, killed elderly pedestrian gets 4 months’ jail

gordon.feeney -

1 day ago

Singapore job seekers expect 17% pay rise on average when they switch jobs: Survey

Vivienne Tay - JOB seekers in Singapore are looking to get a 17 per cent bump in pay when they switch jobs, after averaging across industries and levels, said a report by RGF International Recruitment.

1 day ago

Have investors found a keeper in Keppel?

PC Lee - SINGAPORE (July 22): Keppel Corporation, the conglomerate with four core businesses comprising property, offshore & marine, infrastructure and investments, reported a 39% decline in 2Q19 earnings to $356 million from a year ago. This also brings 1H19 earnings to $356 million, down 39% from last ...

1 day ago

Youth crashed into girl, 3, while riding e-scooter near Eastpoint Mall

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1 day ago

Malaysia says meeting 2020 fiscal deficit target of 3% will be challenging

Jerome Lee - Malaysia will find it challenging to meet its 3 per cent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday (Jul 22).

1 day ago

Dutch firm Philips tops quarterly sales estimates as growth picks up

Jerome Lee - Dutch health technology company Philips on Monday reported a better-than-expected 6per cent rise in comparable sales for the second quarter, to 4.67 billion euros (US$5.24 billion).

2 days ago

Fire forces Philadelphia Energy Solutions to file for bankruptcy again

Jerome Lee - Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on the U.S. East Coast.

2 days ago

Can Keppel DC REIT deliver the acquisitions needed to keep premium valuations?

Samantha Chiew - SINGAPORE (July 22): Keppel DC REIT, the first pure-play data centre REIT listed in Asia, has seen its shares climb some 28% so far this year on the back of the global boom in data centres. The REIT is now trading near an all-time high, nearly double of its IPO price of 93 cents per unit in Decembe ...

2 days ago

Emas Offshore applies for judicial management after failed rescue deals

Fiona Lam - AILING offshore services provider Emas Offshore has applied to be placed judicial management, it said in a bourse filing on Monday afternoon.

2 days ago

Circuit breakers trip, shares soar as China's Nasdaq-style bourse debuts

Jerome Lee - Trading hit a fever pitch, with shares rocketing as much as 520per cent, as China's new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride.

2 days ago

Asia Digest: BYKidO closes pre-seed round; Malaysia’s GoGet receives grant

Sarah Yuniarni - GoGet, a community platform for part-time workers, has received $24,300 in a grant. The post Asia Digest: BYKidO closes pre-seed round; Malaysia’s GoGet receives grant appeared first on DealStreetAsia.

2 days ago

Fintech startup soCash raises $8.17m in Series B funding round

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No The funds will be used to expand into Malaysia, Indonesia, and Hong Kong. soCash, a fintech startup which allows bank customers to perform banking services at shops by its mobile app, raised $8.17m in its series B funding round led by GLORY LT ...

2 days ago

Singapore stocks: STI resumes Monday afternoon at 3,358.75, down 0.57% on day

Vivienne Tay - SINGAPORE stocks edged down as trading resumed on Monday afternoon, with the Straits Times Index slipping 0.57 per cent or 19.21 points to 3,358.75 as at 1.05pm, tracking declines in other Asia markets as hopes over a Fed rate cut ebbed away. 

2 days ago

Joanna Yu and mystery witness scheduled to testify this week

The Edge Malaysia - (July 22): Former AmBank Bhd relationship liaison manager Joanna Yu and a mystery witness are scheduled to testify at the trial of Datuk Seri Najib Razak on Monday, a prospect anticipated by many given that the former managed and oversaw Najib’s bank accounts as well as those of SRC International ...

2 days ago

Philips second-quarter sales growth beats expectations

Sharanya Pillai - Dutch health technology company Philips on Monday reported a better-than-expected 6per cent rise in comparable sales for the second quarter, to 4.67 billion euros (US$5.24 billion).