2 days ago
Singapore stocks rise as Trump softens Greenland stance; STI up 0.4%
Tan Nai Lun - The iEdge Singapore Next 50 Index, meanwhile, is down 0.1% or 1.02 points at 1,483.97
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Top bid for Dairy Farm condo site is 5.7% lower than that for nearby plot sold a year ago
Kalpana Rashiwala - The S$427 million or S$962 psf ppr offer is from a consortium comprising ABR, LWH, Macly Capital and Roxy Pacific
2 days ago
COE quota dips 0.8% to 18,824 for February to April
Deon Loke - This is the first time it has declined since the November 2022 to January 2023 period
2 days ago
ST Engineering signs five-year nacelle MRO deal with LOT Polish Airlines
The Edge Singapore - ST Engineering has secured a five-year nacelle maintenance, repair and overhaul (MRO) agreement with LOT Polish Airlines. The contract value is not disclosed. According to ST Engineering, the contract is to support the airline's 15-strong Boeing 787 Dreamliner fleet. "By including predicti ...
2 days ago
Prudential to raise stake in Malaysia life insurer holding firm to 70% for $377 million
Jan 22 : British insurer Prudential said on Thursday it had agreed to buy an additional 19 per cent stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million).The move increases Prudential's control of its conventional ...
2 days ago
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377 million
British insurer Prudential said on Thursday (Jan 22) it had agreed to buy an additional 19 per cent stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around RM1.52 billion (US$376.61 million).The move increases Prudential's control of its conventional life ...
2 days ago
Billionaire Michael Kum buys 150 million Marco Polo Marine shares from Teo family at 13 cents each
The Edge Singapore - Apricot Capital has sold 150 million Marco Polo Marine shares at 13 cents each to Halom Investments in a married deal on Jan 22. For context, Marco Polo Marine shares closed at 15.4 cents for the day, down 4.94%. With the sale, Apricot Capital's stake has been reduced from 16.15% to 12.16%. Apr ...
2 days ago
Asdew's Wang sells entire 7.9% stake in Low Keng Huat at 78 cents each
The Edge Singapore - Alan Wang of Asdew Acquisitions has on Jan 22 sold his stake of 58,546,000 Low Keng Huat shares at 78 cents, reads a filing to the exchange. The stake sold by Wang on Jan 22 is equivalent to 7.9%. Just on Jan 14, Wang emerged as a substantial shareholder when he paid $33,636,195 for 43,542,000 share ...
2 days ago
Toku closes at 28.5 cents on first day of trading, 14% higher than offer price
Kwan Wei Kevin Tan - Cloud communications and customer experience platform Toku (SGX: TKU ) closed at 28.5 cents on its first day of trading on Jan 22, after reaching an intraday high of 30.5 cents. Founded in 2018 by former GlobalRoam Group CEO Thomas Laboulle, Toku is the first company to list on the SGX in 2026. As p ...
2 days ago
Taiwan's Compal warns rising memory prices to impact industry into 2027
TAIPEI, Jan 22 : Taiwan's Compal, a contract manufacturer for notebook and personal computers, said surging memory prices would continue into 2027 and have a significant impact on the industry.The company said it expected global notebook and personal computer shipments to fall by a low-single-d ...
2 days ago
Alibaba plans IPO for AI chipmaking unit T-Head: sources
As a first step, Alibaba plans to restructure the unit as a business partly owned by employees
2 days ago
Investors wonder if Singapore banks are overvalued
The Edge Singapore - When looking around the world including at US banks, HSBC and Standard Chartered, there is a case to be made for a continued investment in Singapore banks. Their sound capital position, asset quality, nimble asset-liability management, steady growth and their generous dividends are almost unmatched. ...
2 days ago
Temasek-backed fizzy drinks maker Chi Forest considers Hong Kong IPO: sources
The drinks manufacturer has held early talks with potential advisers about the share sale
2 days ago
Ubisoft shares tumble after 'Assassin's Creed' creator unveils restructuring, cancels games
Jan 22 : Shares in Ubisoft plunged on Thursday after the French video game publisher announced a sweeping reorganisation and said it would cancel six games.Shares of the "Assassin's Creed" video game series creator dropped 33 per cent in a delayed start to trading, leading losses on t ...
2 days ago
Hong Kong’s Sogo Mall operator seeks HK$8 billion loan refinancing
Lenders have paused earnings checks for Lifestyle International as it seeks to refinance
2 days ago
Private credit valuations under pressure; back to fundamentals for buyout firms in 2026: MSCI
Benjamin Cher - Higher base rates are challenging borrowers’ ability to fulfil interest burdens
2 days ago
Malaysia's central bank holds key rate at 2.75%
[KUALA LUMPUR] Malaysia’s central bank kept its benchmark interest rate unchanged at its first policy review of the year on Thursday (Jan...
2 days ago
Nvidia CEO says AI will create jobs for electricians and plumbers that pay six figures
This is due to demand for data centers that run and train AI
2 days ago
Singapore users are flocking to Elon Musk’s Grok despite deepfake controversy
[SINGAPORE] A wave of controversy over sexually explicit artificial intelligence (AI) deepfakes has not made billionaire Elon Musk’s social media platform X...
2 days ago
China, Indonesia, Malaysia top Changi Airport markets in 2025; total passenger traffic hits record
[SINGAPORE] China, Indonesia and Malaysia were Changi Airport’s top passenger markets in 2025, the airport operator said on Thursday (Jan 22), amid a...
2 days ago
JTC CEO says construction experiencing ‘boom’ at forum exploring AI and sustainability
Lin Daoyi - JTC Corporation CEO Jacqueline Poh says Singapore’s construction sector (worth around $46 billion this year) is experiencing a “boom” that will continue for the next five years despite the overall “rocky” business environment. Poh was speaking at the Sustainable Tech Forum held on Jan 22, ...
2 days ago
Hyundai Motor's Korean union warns of humanoid robot plan, sees threat to jobs
SEOUL, Jan 22 : Hyundai Motor's labour union in South Korea warned the automaker on Thursday against deploying humanoid robots without union approval, saying the robots would bring "employment shocks." Hyundai's plan to deploy humanoid robots starting in 2028 has sent its shares ...
2 days ago
CGSI initiates coverage on Centurion Accomodation Reit with ‘add’, S$1.38 target price
Deon Loke - RHB upgrades Centurion Corporation’s target price to S$1.88 from S$1.86
2 days ago
Rise in Singapore industrial rents tapers to 2.4% for 2025 after almost flat Q4: JTC
Jessie Lim - Industrial prices rise 5% year on year and 1.4% from previous quarter
2 days ago
With greater supply of industrial space, overall occupancy falls 0.4% ppt in 4Q2025
Jovi Ho - In 4Q2025, the occupancy rate for all industrial space in Singapore declined by 0.4 percentage points (ppts) q-o-q, settling at 88.7%, according to JTC’s latest quarterly market report, released Jan 22. This decline was primarily driven by strong completions, leading to an increase in total indust ...
2 days ago
AirAsia X targets up to US$600 million debt restructuring after combining airlines
[KUALA LUMPUR] Malaysia’s AirAsia X targets US$500 million to US$600 million in debt restructuring after the budget airline this week bought the...
2 days ago
Telenor sells its stake in Thailand's True Corporation for $3.9 billion
OSLO, Jan 22 : Norway's Telenor said on Thursday it had agreed to sell its stake in Thailand's True Corporation for a total value of about 39 billion Norwegian crowns ($3.92 billion).Telenor Group said it signed an agreement with Arise Digital Technology Company, owned by Khun Suphachai Ch ...
2 days ago
SIA, Wilmar the only Singapore companies to make Fortune’s most admired firms list
Chloe Lim - The national carrier is the only company based here to feature within the top 50 of the list
2 days ago
AirAsia X targets up to $600 million debt restructuring after combining airlines
KUALA LUMPUR, Jan 22 : Malaysia's AirAsia X targets $500 million to $600 million in debt restructuring after the budget airline this week bought the short-haul aviation business of Capital A, Deputy Group CEO Farouk Kamal said.AirAsia X, the medium-haul affiliate of Capital A's AirAsia, pl ...
2 days ago
Info-Tech Systems has 'strong re-rating potential' following post-IPO drop, says CGSI
The Edge Singapore - CGS International analysts Meghana Kande and Tan Jie Hui have kept their bullish view Info-Tech Systems in the form of an "add" call along with a $1.10 target price. "We think the stock has strong re-rating potential following its 13% share price drop since its IPO in Jul 2025, as the ...
2 days ago
Data centre player Equinix funds study on nuclear energy tech for Singapore, including floating plants
Sharanya Pillai - It will also assess the feasibility of small modular reactors; aims to provide “data-driven” insights
2 days ago
Malaysia’s Sunway pushes ahead with RM11 billion IJM takeover despite RM2.5 billion money laundering probe
Tan Ai Leng - IJM shares climb after Sunway affirmed its takeover, easing investor jitters over anti-graft probe
2 days ago
S’pore construction output forecast to grow 7% y-o-y to $43 bil to $46 bil this year
Jovi Ho - Singapore’s total construction output is projected to increase to between $43 billion and $46 billion this year in nominal terms. The average projected output of $44.5 billion will be around 7% higher than 2025’s preliminary estimate of about $41.7 billion. This forecast is based on the contract ...
2 days ago
Gold falls as easing geopolitical tensions dampen safe-haven demand
GOLD and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand eased after US President Donald Trump backed down...