1 day ago
Road trials launched for driverless road-sweeping vehicles that produce zero emissions, less noise
michelle.lee -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Transport solutions for world changed by COVID-19 on display at Consumer Electronics Show
Annabeth Leow - WASHINGTON: The global pandemic has put the brakes on a number of mobility trends, prompting the transportation industry to rethink strategy. New options on display at the all-digital 2021 Consumer Electronics Show underscore the changes in mobility during the global health crisis, with more ...
1 day ago
Singapore Airlines secures $500m in US dollar debt debut
Scott Murdoch - The transaction was finalised early Thursday and the price was set at US treasuries plus 260 basis points. The post Singapore Airlines secures $500m in US dollar debt debut appeared first on DealStreetAsia.
1 day ago
PayPal becomes first foreign firm in China with full ownership of payments business
Annabeth Leow - PayPal Holding Inc has become the first foreign operator with 100per cent control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.
2 days ago
Sembcorp Marine's Tan Cheng Tat reappointed as chief risk officer
Felicia Tan - Sembcorp Marine (SembMarine) has reappointed its chief financial officer, Tan Cheng Tat, as its chief risk officer on Jan 14. Tan will relinquish his former role as CFO, where he reported to William Goh Khor Boon, who heads SembMarine Group Finance as group finance director. Tan held the position of ...
2 days ago
Broker's take: Maybank KE raises TP for Wilmar on potential Q4 surprises
Yong Hui Ting - MAYBANK Kim Eng has raised its target price for Wilmar International to S$6.80 from S$5.40 previously, while identifying a number of potential upside surprises for the agri-business group ahead of its Q4 2020 results announcement.
2 days ago
US House impeaches Trump for a second time; 10 Republicans vote yes
Reuters - Donald Trump on Wednesday became the first president in US history to be impeached twice, as 10 of his fellow Republicans joined Democrats in the House of Representatives to charge him with inciting an insurrection in last week’s violent rampage in the Capitol. The vote in the Democratic-controlle ...
2 days ago
Singapore's digital-only banks face uphill battle to reach sustainable profits
Staff Reporter - Uploaded By: Frances Gagua Submitted By: Frances Gagua Case Study: No Poor performance of earlier neobanks have cast a doubt on their ability to gain income. Singapore’s upcoming digital-only banks face an uphill climb in order to achieve sustainable profitability. The odds ...
2 days ago
SG’s Kind Kones raises $754K in seed round and other SE Asia deals
Mars W. Mosqueda Jr. - Kind Kones currently operates six outlets and two e-commerce channels. The post SG’s Kind Kones raises $754K in seed round and other SE Asia deals appeared first on DealStreetAsia.
2 days ago
Trump bolsters ban on US investments in China
President Donald Trump has signed an amended version of an executive order that bans U.S. investments in alleged Chinese military companies, the White House said on Wednesday.
2 days ago
China export growth slows in December but tops forecasts; imports quicken
BEIJING: Chinese exports grew more than expected in December, customs data showed on Thursday (Jan 14), as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made exports more expensive for overseas buyers. A robust domestic recovery also spurred ...
2 days ago
LTA awards $34.3m contract for Downtown Line's Hume station
Staff Reporter - Uploaded By: Alyssa Divina Submitted By: Staff Reporter Case Study: No It covers the construction of an entrance, ventilation shaft, and fitting-out works. The Land Transport Authority (LTA) has awarded JSM Construction Group a $34.3m contract for the completion of the Hume statio ...
2 days ago
China's Xi asks Starbucks' Schultz to help promote US-China cooperation: state media
Annabeth Leow - Chinese President Xi Jinping encouraged Starbucks' former chairman Howard Schultz and the coffee company to play an active role in promoting U.S.-China trade cooperation and bilateral ties, state media reported on Thursday.
2 days ago
E-payments, fund transfers pip card transactions in South-east Asia
Annabeth Leow - "E-MONEY" and interbank transfers are duking it out in the region, as their growth outstrips that for debit and credit cards, a report projected on Thursday.
2 days ago
E-payments, transfers pip card transactions in South-east Asia; traditional banks keep their edge in mature markets
Annabeth Leow - "E-MONEY" and interbank transfers are duking it out in the region, as their growth outstrips that for debit and credit cards, a report projected on Thursday.
2 days ago
Jail for man who fractured elderly mother’s ribs in assault, robbed her of S$2,000
michelle.lee -
2 days ago
SIA raises US$500m in bond issue
Staff Reporter - Uploaded By: Paul Howell Submitted By: Paul Howell Case Study: No The issuance was oversubscribed with the final demand at more than US$2.85b. Singapore Airlines raised US$500m ($663.6m) in its first US dollar-denominated bond issue. The bonds were issued at an issue price of 99.5 ...
2 days ago
RHB positive on STE, expects sustained earnings growth and dividends in medium term
Lim Hui Jie - RHB Research’s Shekar Jasiwal has maintained his “buy” call on ST Engineering (STE) with an unchanged target price of $4.40. In a Jan 14 note, Jasiwal said his “positive view” was based on expectations for a sustained earnings growth in the medium term, which will be supported ...
2 days ago
US decides against investing ban on Alibaba, Tencent and Baidu
Bloomberg - US officials deliberated but ultimately decided against banning American investment in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., a person familiar with the discussions said, removing a cloud of uncertainty over Asia’s two biggest corporations. See: OCBC maintains Baidu at 'buy', s ...
2 days ago
Google 'experiment' blocks Australian news from local searches
Annabeth Leow - SYDNEY: Google has started hiding Australian news sites from some local users, in an experiment that comes amid Canberra's push to compel tech firms to pay media outlets for their content. Australia plans to force Google and Facebook to pay media organisations when their platforms host the ...
2 days ago
OCBC maintains Baidu at 'buy', says company is 'on track to benefit from recovery'
Felicia Tan - The research team at OCBC Investment Research believes that Baidu Inc remains “on track to benefit from the recovery in SME ad demand” given that the worst of the Covid-19 pandemic is behind us. Furthermore, the team believes that daily active users (DAU) for Baidu’s app should exhibit healthy ...
2 days ago
Snap says it is permanently terminating Trump's account
Annabeth Leow - Snap Inc is permanently terminating U.S. President Donald Trump's Snapchat account, a company spokeswoman said in a statement on Wednesday.
2 days ago
London resilient at top of European tech investment table despite COVID
Annabeth Leow - London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners.
2 days ago
UOB KH's top picks are First Resources, Sunpower, Food Empire
Jeffrey Tan - Finding attractive stock picks in a volatile market can be difficult as the world continues to grapple with the Covid-19 pandemic. But for UOB Kay Hian Research (UOB KH), some of its top picks are palm oil producer First Resources, power generation company Sunpower Group and food manufacturer Food E ...
2 days ago
SPH REIT gross revenue up 10.8% to $66.6m in Q1 FY2021
Staff Reporter - Uploaded By: Frances Gagua Submitted By: Frances Gagua Case Study: No The rise was attributed to a $12.8m contribution from Westfield Marion. SPH REIT reported a 10.8% YoY increase in gross revenue to reach $66.6m in Q1 FY2021, the REIT stated in its latest business update. The ri ...
2 days ago
S&P Dow Jones Indices to remove oil giant CNOOC due to sanctions
Annabeth Leow - S&P Dow Jones Indices said late on Wednesday it will remove oil giant China National Offshore Oil Corp's (CNOOC) securities due to U.S. sanctions.
2 days ago
DHL Express buys new planes
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No The first deliveries are scheduled for 2022. DHL Express and Boeing have announced the purchase of eight additional new Boeing 777 freighters, with first deliveries scheduled for 2022, to meet customer demand in ...
2 days ago
Connecticut probes Amazon's digital books business for anti-competitive behavior
Annabeth Leow - Connecticut is investigating whether Amazon.com Inc is engaged in anti-competitive behavior in the e-book business through its distribution agreements with certain publishers, the state's Attorney General William Tong said on Wednesday.
2 days ago
Expect record 4Q20 earnings by iFAST Corp on record AUA: CGS-CIMB
Jovi Ho - iFAST Corporation is on track to report record 4QFY2020 earnings with net profit rising 140% y-o-y, says CGS-CIMB Research. This is despite missing out on a digital wholesale banking licence in Singapore last month. CGS-CIMB analyst Andrea Choong is reiterating “hold” on the wealth management co ...
2 days ago
Ascott Residence Trust secures $50m green loan from DBS
Staff Reporter - Uploaded By: Frances Gagua Submitted By: Frances Gagua Case Study: No Proceeds will be used for lyf one-north Singapore, ART's maiden development project. Ascott Residence Trust (ART) has obtained a $50m five-year green loan from DBS bank, according to a press release. ART sai ...
2 days ago
LTA awards S$34.3m civil contract for Hume station on Downtown Line
Michelle Zhu - SINGAPORE'S Land Transport Authority (LTA) has awarded a S$34.3 million civil contract to private construction firm JSM Construction Group for the upcoming Hume station on the Downtown Line.
2 days ago
Singapore maritime industry remains as ‘world's top bunkering hub'
Staff Reporter - Uploaded By: Paul Howell Submitted By: Paul Howell Case Study: No This is despite the economy contracting by 5.8% in 2020. Singapore’s maritime industry continues to progress and has managed to retain its top spot in global rankings despite challenges in the economy brought ...
2 days ago
Chesapeake Energy bankruptcy plan approved by US judge
Annabeth Leow - U.S. oil and gas producer Chesapeake Energy's Chapter 11 bankruptcy plan was approved by a U.S. judge on Wednesday, giving lenders control of the company and ending a contentious trial.
2 days ago
Singapore Airlines raises US$500m in oversubscribed US dollar debt debut
Vivienne Tay - SINGAPORE Airlines (SIA) has raised US$500 million via its first US dollar-denominated bond issue. The notes, due 2026, will be issued at 99.573 per cent of their principal amount with an annual coupon of 3 per cent.
2 days ago
STI snaps two-day losses, ending at 2,977
Tim Charlton - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No The Straits Times Index ended Wednesday trade in the green, up by 0.34 points or 0.01% at 2,977.51. Investor sentiment improved, at least in part because of the government’s hastened vaccination program. Ad ...
2 days ago
Frasers Property recognized for green initiatives
Staff Reporter - Uploaded By: Paul Howell Submitted By: Paul Howell Case Study: No Its energy saving initiatives include reducing consumption by 20% by 2030. Five commercial properties of Frasers Property were presented eight certificates as recognition of their strong efforts made in implementing ...