2 days ago
Singaporeans big buyers of Quayside JBCC amid Johor’s RTS boom
The units at the mixed-use project are sold through a private equity fund structure
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
TomTom to cut 300 jobs amid AI shift
Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy.The group said the staff reductions concern its units working on the application layer, as well as sales and support ...
2 days ago
S’pore bonds beat developed peers on liquidity, scarcity
Marcus Wong and Masaki Kondo / Bloomberg - Singapore government bonds are trouncing developed market peers, and the rally may have legs as ample liquidity and limited supply continue to weigh on yields. The securities have returned 6.4% in the first half, outperforming 22 major-market peers. Singapore’s yields have plummeted, with spreads ...
2 days ago
Indonesia trade surplus seen widening to $2.53 billion in May: Reuters poll
JAKARTA :Indonesia's trade surplus in May is expected to widen to $2.53 billion as growth of imports is expected to drop from a double-digit rise in the previous month, while exports continued to rise, a Reuters poll showed on Monday.Analysts in the poll estimated the rise in imports for May at ...
2 days ago
China shows off tech resilience in face of trump export controls
Beijing still faces difficulty catching the US while being denied access to Nvidia’s most advanced semiconductors
2 days ago
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by...
2 days ago
Singtel CEO Yuen Kuan Moon’s pay up 16.8% at S$8.2 million; S$2.8 billion cash holdings to help group navigate challenges
Low Youjin - It sees IT services company NCS and data centre Nxera as key growth engines
2 days ago
First train for JB-Singapore Rapid Transit System unveiled; service to start by December 2026
Derryn Wong - First China-made train for the cross-border rail system to be tested in Singapore, ahead of preparation for passenger service
2 days ago
‘Trailblazer’ and ‘role model’, ex-NUS law dean Thio Su Mien dies at 86
Renald Yeo - Dr Thio co-founded TSMP Law Corporation in 1998
2 days ago
Rex’s subsidiary to explore debt financing alternatives for Oman activities
Felicia Tan - Rex International’s indirect wholly-owned subsidiary, Rex Oman, has initiated a process to explore debt financing alternatives for its Oman activities. The new financing is expected to be incurred by an indirect wholly-owned subsidiary of Rex. Upon completion, the proceeds from the new financing w ...
2 days ago
CGSI initiates ‘add’ on KIT as it likes the trust’s ‘stable’ 10% yield for FY2025 to FY2027
CGS International’s analysts Li Jialin and Lim Siew Khee have initiated an “add” call on Keppel Infrastructure Trust (KIT) with a target price of 45 cents, backed by the company’s “stable” 10% dividend yield for FY2025 to FY2027. KIT’s financial year ends on Dec 31. “We like KIT for ...
2 days ago
CCCS widens protection mandate to cover consumer product safety, legal metrology
Therese Soh - Functions handled by EnterpriseSG will be transferred to competition watchdog’s purview to strengthen its regulatory oversight over consumer protection matters
2 days ago
India’s Adani Enterprises plans public bond sale
[MUMBAI] Indian billionaire Gautam Adani’s flagship company aims to raise 10 billion rupees (S$149.1 million) through the sale of retail bonds, and...
2 days ago
RHB lifts TP on DFI to US$3.09 on forecasted FY2025 net profit recovery
Douglas Toh - Analyst Alfie Yeo of RHB Bank Singapore (RHB) has maintained his “buy” call on DFI Retail Group with a raised target price of US$3.03 ($3.86) to US$3.09 as he anticipates the group’s net profit to recover this year. The group’s FY2024 ended Dec 31, 2024 earnings, he notes, have tracked his e ...
2 days ago
Indonesia offers US opportunity of critical minerals joint investment as part of tariff talks
JAKARTA :Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations with Washington, its senior economic minister said on MondayIndonesia's sovereign fund Danantara Indonesia will be involved in the project being offere ...
2 days ago
Wealth creation ‘next natural step’ in Singapore’s economic development, says Morgan Stanley
Felicia Tan - Singapore is ideally positioned for success in today’s increasingly multi-polar and geopolitically complex world, says the team at Morgan Stanley led by analyst Nick Lord. This is due to the city-state’s serving as a “safe harbour” for global capital thanks to its focus on strong governance, ...
2 days ago
Asia: Most stocks rise as investors eye US trade talks
[HONG KONG] Asian equities mostly rose on Monday following a record-breaking day on Wall Street as investors kept tabs on countries’ efforts...
2 days ago
Thai coconut water maker IFBH’s shares jump in Hong Kong debut
The IPO will help the company’s ambition to expand its business in China, where it says it already boasts a leading market...
2 days ago
Philippines' current account deficit to narrow in 2025, 2026, central bank says
MANILA :The Philippine central bank is forecasting the country's current account deficit to narrow to 3.3 per cent of gross domestic product this year and to 2.5 per cent next year, compared to a previous estimate of 3.9 per cent for both years, it said in a statement on Monday. The balance of ...
2 days ago
Canada rescinds tax hitting US tech firms: government
[OTTAWA] Canada is rescinding taxes impacting US tech firms that had prompted Donald Trump to call off trade talks in retaliation, Ottawa...
2 days ago
Two workers for SEC-Edgar filing agent face insider charges
Patricia Hurtado / Bloomberg - Two men who worked for a private business that provides services for companies filing to the Securities and Exchange Commission’s EDGAR system, were charged with insider trading after allegedly pocketing US$1 million ($1.27 million) by stealing non-public information obtained through their jobs. J ...
2 days ago
Tighten en bloc rules, encourage reuse so more private housing blocks stand for over 50 years
Leslie Yee - Apply lessons from Golden Mile Singapore project
2 days ago
UK pension fund bets on double-digit returns from nature
Natasha White / Bloomberg - A UK pension fund has agreed to commit capital to a new kind of investment fund whose creators claim it can generate market-beating returns through nature restoration programmes. West Yorkshire Pension Fund, which manages about US$27 billion ($34.41 billion) of assets, will allocate GBP25 million ($ ...
2 days ago
Bank of Korea halts digital currency project, pausing talks with banks
South Korea is already a hotbed for crypto activity
2 days ago
Is the shine coming off the US-Japan ‘golden age’?
Gearoid Reidy / Bloomberg - “A friendship like few others” is how US President Donald Trump described the US-Japan relationship in January, declaring his confidence that “the cherished alliances between our two countries will continue to flourish long into the future!” Not even half a year later, is the shine already c ...
2 days ago
What traders have gotten wrong in 2025
Trump’s tariff and tax policies test assumptions on the US dollar, markets and bonds
2 days ago
Canada rescinds digital services tax in bid to advance trade talks with US
Canada has rescinded its digital services tax targeting United States technology firms in a bid to advance trade negotiations with the US, Canada's finance ministry said in a statement on Sunday (Jun 29), days after US President Donald Trump called off trade talks. Canadian Prime Minister Mark ...
2 days ago
Trump tax bill hits Senate with GOP torn by competing demands
Laura Davison and Erik Wasson / Bloomberg - Senate Majority Leader John Thune is rushing to meet President Donald Trump’s July 4 deadline for pushing through his massive tax and spending bill, but first he has to work through a list of approximately eight Republican senators who have expressed opposition to portions of it. Within the next t ...
2 days ago
Fidrec extends jurisdiction to include claims from small businesses and charities from July
Chloe Lim - This comes after the organisation’s 2024 public consultation displayed strong support for making it accessible to small businesses
2 days ago
One Championship to relocate global production hub from Singapore to Bangkok
Lee U-Wen - The mixed martial arts organisation’s global corporate headquarters will remain in Singapore
2 days ago
Torrent to acquire KKR’s stake in JB Pharma for US$1.4 billion
India is seeing a surge in deals, both in equity capital markets and mergers and acquisitions, as investors seek to tap the...
2 days ago
Meta spending big on AI talent but will it pay off?
[NEW YORK] Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial...
2 days ago
Trump says there’s a buyer for TikTok but won’t divulge name
Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg - US President Donald Trump said he has identified a buyer for the US operations of TikTok, the social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks. “We have a buyer for Tiktok, by the way. I think I’ll need probably China approval and I think Pre ...
2 days ago
Trump says he doesn’t expect to extend July 9 tariff deadline
Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg - US President Donald Trump said he doesn’t think he’ll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the US to avoid higher tariffs. “I don’t think I’ll need to,” he said in an interview on Fox News’ Sunday Morning Futures with Maria Bartiromo ...