2 days ago
Vietnam’s VinFast puts US$1 billion into expanding Indonesia plant, targets 350,000-unit annual output
Elisa Valenta - The West Java facility is designed to produce right-hand-drive models, reinforcing its role as a regional export hub
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Raffles Education leads most active pack on SGX with 60.8 million shares traded; closes 23.4% higher
Shikhar Gupta - Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure
2 days ago
Raffles Education leads most active pack on SGX with 43 million shares traded; price jumps 24%
Shikhar Gupta - Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure
2 days ago
VinFast will increase investment in Indonesia to up to $1 billion, executive says
JAKARTA, Dec 15 : Vietnamese electric vehicle maker VinFast will increase its investment in Indonesia to up to $1 billion, its local unit chief executive told Reuters on Monday.The statement came after VinFast Indonesia inaugurated its first manufacturing plant in Indonesia on Monday with production ...
2 days ago
Thailand to hold elections on Feb 8, local media reports
[BANGKOK] Thailand will hold elections on Feb 8, according to multiple local media reports on Monday (Dec 15), including from public broadcaster...
2 days ago
Asean Power Grid projects could attract more Chinese investor interest in 2026
Sharanya Pillai - Clean-power manufacturers from China have been expanding in Indonesia, could seize more opportunities with cross-border projects
2 days ago
Thai baht is too strong, impacting economy, finance minister says
The baht reached its highest level against the dollar in more than four years
2 days ago
Market ‘taking a breather’ in Dec but Huttons forecasts 11,000 units of developer sales in 2025, highest since 2021
Jovi Ho - As the market winds down for the year, the number of project launches dwindled to just one in November compared to four in October. Developers launched 347 units for sale in November, 84.5% lower m-o-m and 87.9% lower y-o-y. In November 2024, developers pushed out five major projects. The sole launc ...
2 days ago
New home sales shrink in November after October spike, with only one project launched
Chong Xin Wei - Developers sell 325 units, down 86.6% from October high and 87.3% lower year on year
2 days ago
Singapore, China exchange 27 agreements to boost cooperation, from financial connectivity to food trade
Elysia Tan - Deals are announced at bilateral meeting co-chaired by Singapore DPM Gan Kim Yong and Chinese Vice-Premier Ding Xuexiang
2 days ago
Indonesia’s tin exports surge as supply concerns dissipate
The campaign has underpinned tin’s rally this year, which surged 41% as the best-performing contract on the London Metal Exchange
2 days ago
Analysis:Old meets new economy: AI boom to supercharge European banks' rally
LONDON, Dec 15 : After a stellar 2025, investors expect shares in European banks to keep heading higher in 2026, supported by strong earnings and, crucially, cost savings stemming from artificial intelligence.As fears of a recession and interest rate cuts from the European Central Bank have subsided ...
2 days ago
HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year
2 days ago
National water agency PUB awards concession extension for SingSpring Desalination Plant to Keppel Infrastructure Trust
Teo Zheng Long - Keppel Infrastructure Trust (KIT) announced on Dec 15 that the concession agreement with National water agency PUB for the SingSpring Desalination Plant (SSDP) has been extended by three years to 2028. SSDP, Singapore’s first large-scale seawater desalination plant, commenced operations in 2005 fo ...
2 days ago
Google signs solar power pact in Malaysia with Shizen Energy
The agreement highlights efforts by global tech firms to decarbonise their energy-intensive operations such as data centres
2 days ago
SMBC Asia inks debut US$3.2 billion SRT with Blackstone, Stonepeak
Globally, SRT volumes are projected to expand 11% annually over the next two years
2 days ago
PhillipCapital cuts Sembcorp’s TP to $7.10, maintains ‘buy’
Lin Daoyi - After Sembcorp Industries (SCI) announced its acquisition of Alinta energy for A$6.5 ($5.6) billion, PhillipCapital’s Paul Chew still sees upside in Sembcorp Industries’ shares as he sticks with his “buy” call in his research not issued Dec 15. However, he lowered the TP from August’s $7.9 ...
2 days ago
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026
2 days ago
HSBC's $13.6 billion buyout proposal wins Hang Seng Bank board committee's nod
Dec 15 : Hong Kong's Hang Seng Bank said on Monday an independent board committee found HSBC's $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the proposal.Under the offer, HSBC is proposing to purchase 36.5 per cent of s ...
2 days ago
Asian markets drop with Wall Street as tech fears revive
Tech firms have been at the forefront of a global surge in equity markets for the past two years
2 days ago
As SGX enters its new phase of growth, analysts are upbeat (update)
Samantha Chiew - The Singapore Exchange Group (SGX) saw the bellwether Straits Times Index (STI) gaining 2.2% m-o-m, taking ytd calendar gains to 19% and total returns to 25% for November. See more: SGX Group’s bellwether STI gain 2.2% m-o-m in Nov; y-t-d calendar gains at 19% Total traded value for securities ros ...
2 days ago
CPF interest rates to hold steady in Q1; Basic Healthcare Sum raised to S$79,000
Deon Loke - The sum is adjusted annually to keep pace with rising healthcare consumption
2 days ago
China shadow bank’s missed payments show growing property stress
Authorities in Zhejiang province have set up a special working group to address the latest crisis and maintain financial and social stability
2 days ago
Morningstar raises fair value for Hongkong Land to US$7.40 on real estate fund
The Edge Singapore - Kathy Chan of Morningstar has kept her 3-star rating on Hongkong Land Holdings and has slightly raised her fair value from US$7.10 to US$7.40 after it announced plans for its Singapore Central Private Real Estate Fund, as an extension of the active capital management moves. The fund, slated to be la ...
2 days ago
Luxury hotel collection Design Hotels looks to Apac for growth, adding four hotels in Greater China to its stable
Lionel Lim - The collection’s Asia portfolio has grown about 28% this year, with new properties in Japan, India, and South-east Asia
2 days ago
Are condo and car ownership getting harder for Singapore’s upper middle class?
Leslie Yee - Suburban condo and car COE premium price rises outpace income growth of 80th percentile households
2 days ago
Why connectivity, not just AI, will power Singapore’s next leap in competitiveness
Eric Wong - Singapore has championed AI as the next frontier of its economic growth ambitions for some years now, having recently announced a $1 billion investment into artificial intelligence (AI) over the next five years to bolster compute infrastructure, develop talent, and encourage industry partnerships. W ...
2 days ago
Nomura maintains ‘buy’ call for K-pop giant Hybe on BTS’s 2026 comeback
Kwan Wei Kevin Tan - Nomura analysts Angela Hong and Won Kang are maintaining their “buy” call and target price of KRW354,000 ($311.25) on South Korean entertainment company Hybe. The K-pop giant is best known for managing the boy-band BTS, the best-selling Korean musical act in history. BTS comprises seven members: ...
2 days ago
Gold rises on softer Treasury yields; silver steadies after record run
Investors are currently pricing in two rate cuts for next year, with this week’s non-farm payrolls report expected to provide further clues...
2 days ago
Analysts downgrade Keppel REIT with lower TP on dilutive acquisition of additional one-third stake in MBFC Tower 3
Teo Zheng Long - Krishna Guha of Maybank Securities has downgraded Keppel REIT from “buy” to “hold”, following the acquisition of an additional one-third stake in MBFC Tower 3, on worries over DPU dilution, although he remains optimistic that potential upside will eventually manifest. In his Dec 12 report, K ...
2 days ago
Ringgit’s outperformance set to extend next year on AI boost
A likely stable central bank policy next year offers further support
2 days ago
Soilbuild Construction proposes four-to-one stock split after 313% year-to-date rise
Shikhar Gupta - The company currently has an issued and paid-up share capital of S$107.9 million comprising 165.5 million shares
2 days ago
Oil rises on fears of supply disruption as US-Venezuela tensions escalate
TOKYO, Dec 15 : Oil prices rose on Monday, recouping part of last week's 4 per cent slide, as concerns over potential disruptions from escalating U.S.-Venezuela tensions outweighed lingering oversupply worries and the effects of a potential Russia-Ukraine peace deal. Brent crude futures rose 25 ...
2 days ago
Oil prices stable as Venezuelan supply disruptions balance surplus concerns
LONDON, Dec 15 : Oil prices held steady on Monday as investors balanced supply disruptions linked to escalating U.S.-Venezuela tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal. Brent crude futures were up 15 cents, or 0.25 per cent, at $61.27 a barrel, as of ...