2 days ago
IHH rolls out AI across Mount Elizabeth as S$350 million upgrade delivers on savings, efficiency gains
Jean Low - AI-driven overhaul reduces workload and trims resource use, with savings set to benefit patients
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Samsung asks court to block illegal strike activities by unions
SEOUL, April 16 : Samsung Electronics asked a court on Thursday to block its South Korean labour unions engaging in illegal activities during strike, a spokesperson said, as a wage dispute threatens to disrupt operations at the world's top memory chipmaker. Unionised workers at Samsung last mon ...
2 days ago
Google should allow third-party search engines access to data, EU says
BRUSSELS, April 16 : The European Commission has sent preliminary findings to Google on proposed measures to comply with the EU's Digital Markets Act, which would allow third-party search engines to access Google search data, including that of artificial intelligence chatbots with search functi ...
2 days ago
Gucci-owner Kering to buy stake in Chinese luxury brand Icicle
PARIS, April 16 : Gucci-owner Kering will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new partnership with its Chinese parent ICCF, the French luxury group said on Thursday.Icicle, a fast growing Chinese luxury brand founded in 1997 that started expanding into the We ...
2 days ago
OCBC says exposure to Middle East ‘not very large’ at 2% - 3%: AGM
Felicia Tan - Oversea-Chinese Banking Corporation (OCBC) says its exposure to the Middle East is limited amid rising geopolitical tensions. The bank’s exposure is “not very large” at about “2% to 3%” of its loan book, says chairman Andrew Lee at the bank’s annual general meeting (AGM) on April 16. The ...
2 days ago
German car buyers keen on Chinese EV maker BYD in first quarter, data shows
BERLIN, April 16 : Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising fuel prices, according to online marketplace data seen by Reuters on Thursday.BYD was one of the fastest-growing brands in Germany in the first ...
2 days ago
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Renald Yeo - The lender instead allocated half that amount to a two-year capital return plan
2 days ago
German banks examine risks of Anthropic's Mythos with authorities
FRANKFURT, April 16 : German banks and national authorities are examining risks around Anthropic's new artificial intelligence model, an official said on Thursday, amid concerns that it could fuel cyberattacks.Kolja Gabriel, a member of the executive board at the German Banking Association, tol ...
2 days ago
Brazilian payments unicorn Ebanx makes South-east Asia push
Investments for this year’s expansion will be financed by the firm’s cash on hand
2 days ago
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Koh Kim Xuan - He will be replaced by current MDDI Permanent Secretary Tan Chye Hee
2 days ago
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire; Tan Chye Hee to succeed him
Koh Kim Xuan - He served in the public service for 35 years
2 days ago
Global investors boost US dollar-hedging ratio to two-year high
Hedging ratio on the greenback rises to 63% as of Apr 10
2 days ago
Japan’s Nikkei closes at record high, wiping out Iran war losses
The index is just 0.8% away from the 60,000 milestone eyed by investors
2 days ago
DBS keeps StarHub at 'fully valued' as Ensign sale falls short of estimates
Nurdianah Md Nur - DBS Group Research is maintaining its "fully valued" call on StarHub with an unchanged target price of 94 cents, following the announcement of the telco's agreement to sell down its stake in Ensign InfoSecurity. Under the deal, StarHub will sell a 16.81% stake in Ensign to Temasek for ...
2 days ago
Keppel DC REIT plans AEI for KDC SGP 1
The Edge Singapore - During Keppel DC REIT’s (KDC REIT) 1QFY2026 results briefing for analysts, the focus was on a specific asset, KDC Singapore 1 (KDC SGP 1) a property in Serangoon North Industrial Estate. The REIT’s 2025 annual report had indicated that the land lease for the KDC SGP 1 asset was extended by 30 ye ...
2 days ago
No further chances on GEH privatisation, says OCBC chairman Andrew Lee
Felicia Tan - Oversea-Chinese Banking Corporation (OCBC) is not looking to privatise Great Eastern Holdings after its previous exercise in May 2024, says the bank’s chairman Andrew Lee at its annual general meeting (AGM) on April 16. Lee’s comments echo group CEO Tan Teck Long’s remarks made at the bank’s ...
2 days ago
CATL overtakes PetroChina in market value as green bets ramp up
The battery maker now ranks as China’s third-largest onshore stock
2 days ago
Power price hikes held at bay with Singapore landlords, hotel operators buffered by locked-in rates
Chong Xin Wei - Even as energy costs soar amid the Middle East war, real estate asset owners say the impact will be limited
2 days ago
Far East Hospitality finds its niche while going ‘asset-light’
Jovi Ho - Global hotel chains are expanding through management and franchise contracts, a model now spreading to regional operators looking to boost fee income while limiting capital exposure. Can Far East Hospitality do the same? The “asset-light” strategy adopted by local corporate giants like CapitaLan ...
2 days ago
Air Liquide to invest $236 million in Japan to support next-generation AI chip production
April 16 : Air Liquide said on Thursday it would invest 200 million euros ($236 million) in Japan to build, own and operate two new industrial gas production units in Hiroshima, under a long-term agreement with a global semiconductor leader expanding its advanced chip manufacturing capacity.The Fren ...
2 days ago
Japan sees private credit as a policy pillar despite overseas market turmoil
TOKYO, April 16 : Japan's financial regulator sees private credit as a potential key pillar of its new strategy to meet rising corporate funding demand driven by a surge in M&A activity, a senior official told Reuters, despite turbulence in overseas private credit markets. The move reflects ...
2 days ago
DBS thinks ‘lodging powerhouse’ Far East Orchard could divest $1.1 bil in non-core assets
Jovi Ho - Far East Hospitality (FEH), the focus of this week’s cover story on City & Country, is a 70:30 joint venture between Mainboard-listed Far East Orchard (FEO) and The Straits Trading Company. As at March 10, the thinly traded FEO is 63.61%-owned by Far East Organization, the largest private prop ...
2 days ago
Zara owner Inditex reports unauthorised access to transaction databases
April 16 : Zara owner Inditex said it had identified unauthorised access to databases hosted by a third party containing information on transactions with customers.The databases do not contain customer data, addresses, passwords, or bank card details, Inditex said in a statement late on Wednesday, a ...
2 days ago
Samsung asks court to block labour unions from holding a strike
SEOUL, April 16 : Samsung Electronics asked a court to block its South Korean labour unions from holding a strike, MoneyToday reported on Thursday. Unionised workers at Samsung last month voted to authorise strike plans and threatened to walk out for 18 days from May 21, should they fail to agree on ...
2 days ago
TSMC’s profit surges 58% on AI-driven chip demand
The chipmaker makes the vast majority of the world’s most advanced semiconductors
2 days ago
Malaysia’s Petronas to supply excess fuel to Australia as leaders vow closer energy ties
The South-east Asia country is widely considered as a global leader in halal processing due to its established certification standards
2 days ago
Hyundai Motor's US sales chief has left the company, Automotive News reports
SEOUL, April 16 : Michael Orange, the Hyundai Motor executive responsible for sales in all of the automaker's seven U.S. regions, left the company on Tuesday, Automotive News reported. The automaker was not immediately available for comment.
2 days ago
As Singapore squeezes, Malaysia tempts F&B operators across the Causeway
Restaurant groups are looking to Malaysia for cheaper space and a longer runway, but operators say lower costs do not make it...
2 days ago
TSMC Q1 profit jumps 58% to record, beats expectations
TAIPEI, April 16 : TSMC, the world's largest contract chipmaker, posted a 58 per cent jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from huge appetite globally for its artificial intelligence processors.Taiwan Semiconductor Manufactu ...
2 days ago
TomTom's reorganization boosts operating profit in Q1
April 16 : Dutch digital mapping specialist TomTom reported on Thursday higher than expected operating profit for the first-quarter of the year despite lower revenue following an internal reorganization.Its earnings before interest and taxes (EBIT) came in at 13.8 million euros ($16.3 million), abov ...
2 days ago
Trump’s quest for more sway over Fed faces fresh hurdles
If the US Senate does not confirm Jerome Powell’s successor by May 15, the Fed chair said he will continue on as...
2 days ago
Singapore developers deepen long-term bet on Vietnam
Ry-Anne Lim - Key drivers include its young and more well-educated workforce, as well as a growing middle class
2 days ago
Thailand rushes to secure oil, fertiliser as Strait of Hormuz remains shut
Despite talk of a US-Iran ceasefire extension, policymakers are still on high alert in South-east Asia
2 days ago
US House to weigh penalties on AI model copying by Chinese firms
Known as the Deterring American AI Model Theft Act, the bill is set to be considered by the House Foreign Affairs Committee...