2 days ago
Revolut posts US$1.7b in net profit for 2025; targets growth in Southeast Asia from Singapore base
Revolut Singapore intends to move into its own office space by the end of 2026, which will be able to accommodate at least 300 people.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Maybank lists top Singapore stock picks for short, long Iran war
Deon Loke - Its analysts say that they see any (market) pullback as a fresh entry point
2 days ago
Toyota tender offer for Toyota Industries succeeds
TOKYO, March 24 : The Toyota group's tender offer to take supplier Toyota Industries private at a price of 20,600 yen ($129.89) per share has been successful, the forklift maker said in a filing on Tuesday.The deal valued the unit at around $30 billion. According to data from Recofdata going ba ...
2 days ago
Toyota tender offer for Toyota Industries succeeds, filing shows
TOKYO, March 24 : The Toyota group's tender offer to take supplier Toyota Industries private at a price of 20,600 yen ($129.89) per share was successful, the forklift maker said in a filing on Tuesday.The total number of shares tendered in the offer exceeded the minimum number of shares to be p ...
2 days ago
Samsung Electronics, union to resume talks over bonus, union says
SEOUL, March 24 : Samsung Electronics' management and its South Korean workers' union have agreed to resume talks on bonuses, the union said in a statement on Tuesday.The union, representing nearly 90,000 workers accounting for more than 70 per cent of the company's workforce in South ...
2 days ago
BDx Data Centers and ITE to develop data centre talent with hands-on experience
Nurdianah Md Nur - BDx Data Centers has signed a memorandum of understanding (MOU) with the Institute of Technical Education (ITE) to help build a pipeline of technical talent for Singapore’s digital infrastructure sector. The agreement spans all three ITE colleges and will give students hands-on training at BDx’s ...
2 days ago
Tiger Beer brewer APBS retrenching staff in Singapore: sources
Renald Yeo - It is unclear how many employees are affected or which functions are involved
2 days ago
Oracle reworks its finance, procurement apps for AI agents
SAN FRANCISCO, March 23 : Oracle is revamping its cloud-based financial software used by large companies to work with artificial intelligence agents, with a goal of having humans ask the system business questions and letting AI figure out how to find the data.The changes, which Oracle planned to ann ...
2 days ago
Does foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
Leslie Yee - It’s Safe Singapore’s time to shine in drawing premium visitors, as tourism mega hits drive economic growth and create jobs
2 days ago
Mixue reports 33% jump in profit amid bruising China price war
The Chinese beverage chain has been the world’s largest food & beverage chain by store count
2 days ago
Broadcom flags supply constraints, says TSMC capacity a bottleneck
TAIPEI, March 24 : Chip designer Broadcom said it is seeing supply chain constraints, including capacity limits at its manufacturing partner TSMC, highlighting the ripple effects of soaring demand for AI chips on the broader tech industry."We are seeing that TSMC is hitting (production capacity ...
2 days ago
China positions itself as a stable economic force amid global uncertainty at Beijing forum
More US corporate leaders travelled to Beijing for the conference this year
2 days ago
New Zealand central bank warns prolonged energy shock could force rate hikes
[AUCKLAND] The head of New Zealand’s central bank said on Tuesday that monetary policy would look through a temporary spike in energy...
2 days ago
European car sales rise modestly in February, Tesla reverses year-long skid
March 24 : New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk's all-electric brand Tesla resume growth for the first time since December 2024, official data showed on Tuesday.Overall car registrations, a proxy for sal ...
2 days ago
Exclusive-Amazon says AWS' Bahrain region 'disrupted' following drone activity
SAN FRANCISCO, March 23 : Amazon said on Monday its Amazon Web Services region in Bahrain has been "disrupted" amid the current conflict in the Middle East.The disruption is due to drone activity in the area, an Amazon spokesperson said, following a Reuters inquiry. Reuters is first to rep ...
2 days ago
Exclusive-Amazon says AWS's Bahrain region 'disrupted' following drone activity
SAN FRANCISCO, March 23 : Amazon said its Amazon Web Services region in Bahrain has "been disrupted" amid the current conflict in the Middle East. The disruption is due to a drone activity in the area, an Amazon spokesperson said, following a Reuters inquiry. Amazon said it is helping to m ...
2 days ago
SK Hynix to buy $8 billion in ASML chipmaking tools in largest disclosed order
SEOUL, March 24 : Chipmaker SK Hynix said on Tuesday it will purchase 11.95 trillion won ($7.97 billion) worth of ASML's EUV lithography tools, used to create chip circuitry, in the largest single order publicly disclosed by an ASML customer.In a regulatory filing, SK Hynix said it would purcha ...
2 days ago
SK Hynix to buy $8 billion of ASML EUV tools in largest disclosed order
SEOUL, March 24 : SK Hynix said on Tuesday it will purchase $11.95 trillion won ($7.97 billion) worth of ASML's EUV lithography tools as it prepares for mass production of new products, in the largest single order publicly disclosed by an ASML customer.In a regulatory filing, Sk Hynix said it w ...
2 days ago
SK Hynix: to buy EUV scanners for $8 billion from ASML Korea
SEOUL, March 24 : SK Hynix will acquire an extreme ultraviolet scanner from ASML Korea for 11.95 trillion won ($7.97 billion) to prepare for mass production of new products, the company said in a regulatory filing on Tuesday. ($1 = 1,500.2100 won)
2 days ago
Sinopec to prioritise China’s fuel supply as pressures mount
Beijing has built up an estimated 1.4 billion barrels in stockpiles that could be tapped if disruptions persist
2 days ago
External shocks cloud Vietnam’s market rerating path despite FTSE upgrade catalyst
Jamille Tran - Oil-driven inflation, currency pressure and persistent foreign outflows are weighing on sentiment
2 days ago
External shocks cloud Vietnam’s market re-rating path despite FTSE upgrade catalyst
Jamille Tran - Oil-driven inflation, currency pressure and persistent foreign outflows are weighing on sentiment
2 days ago
Alibaba unveils new chip design to meet surging demand for AI
The emerging architecture has become popular in China due to persistent geopolitical tensions
2 days ago
Vietnam signs deals with Russia for local nuclear power plant, stable LNG supply
Jamille Tran - They mark the country’s efforts to diversify its energy mix
2 days ago
Vietnam Airlines to suspend some routes as jet fuel risks rise
Around 70% of the country’s jet fuel is imported, primarily from China and Thailand
2 days ago
Alibaba unveils next-gen chip for agentic AI: company
2 days ago
Japan to start releasing oil from joint stockpiles by end-March, PM says
Japan started releasing 15 days’ worth of private-sector oil inventories last week
2 days ago
Precious metals, fertilisers: These charts show Asia’s exposure to Middle East trade, disruptions
Deon Loke - Risk of supply chain contagion looms over everything from semiconductor manufacturing to global food security
2 days ago
Former OCBC CEO Helen Wong’s FY2025 pay dips 6.3% to S$12 million in final year at bank
Shikhar Gupta - This is compared with the S$12.8 million she took home in FY2024
2 days ago
Thai February export growth misses forecasts, could slow due to Middle East war
2 days ago
Asian stocks pare gains, oil edges up on Tuesday
ASIAN stocks pared early gains and equity-index futures reversed course, signalling that the fragile optimism around a potential de-escalation in Middle East...
2 days ago
Dollar regains ground as investors doubt swift end to Iran war
LONDON, March 24 : The dollar regained some ground on Tuesday as investors remained doubtful the war in the Middle East could be quickly resolved, even though U.S. President Donald Trump delayed the bombing of Iranian power stations and energy infrastructure.Trump on Monday said that the U.S. and Ir ...
2 days ago
Dollar regains ground as investors remain cautious about end to Iran war
LONDON, March 24 : The dollar regained some ground on Tuesday as investors remained sceptical of a swift resolution to the war in the Middle East, even though U.S. President Donald Trump delayed the bombing of Iranian power stations and energy infrastructure.Trump on Monday said that the U.S. and Ir ...
2 days ago
Dollar stands tall as markets turn cautious on Middle East war
HONG KONG, March 24 : The dollar firmed slightly on Tuesday as investor sentiment turned cautious, with the war in the Middle East raging on and markets sceptical of a swift resolution even though U.S. President Donald Trump delayed the bombing of Iran's power grid.Trump wrote on his Truth Soci ...