Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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4 days ago
Robots to make food deliveries from Westgate mall to JTC Summit in upcoming trial
siewfern -
4 days ago
Gojek and Tokopedia to seek investor approval after deciding on merger terms
Bloomberg - Gojek and Tokopedia have decided on terms and are seeking investor approval for a merger that could create Indonesia’s largest internet company, a person familiar with the matter said, putting the deal on track for completion as soon as over the summer. The managements and boards of both startups ...
4 days ago
Econ Healthcare launches IPO with 50 mil offering shares at 28 cents apiece
Felicia Tan - Econ Healthcare (Asia), which announced its plans to list on the Catalist board on the Singapore Exchange (SGX) in March, has launched its initial public offering (IPO) with 50 million offering shares on April 9. The offering shares, which comprise a placement of 48.2 million offering shares and 1.8 ...
4 days ago
62,000 emails linked to Certis account caught up in phishing attack, some containing personal information
asyrafkamil -
4 days ago
Boeing reveals 'potential' 737 MAX issue
RAE WEE - PARIS: US aircraft manufacturer Boeing said on Friday (Apr 9) it had recommended that 16 clients flying its 737 MAX models address a "potential electrical issue", a new setback for its most popular plane. Boeing managed to get the 737 MAX back into the skies late last year after it was grounded ...
4 days ago
Keppel readies for a break, caution on OUE surge, respite for STI
The Edge Singapore - Technically, OUE is certainly attracting its fair share of attention. The moving averages are bunched up and turning positive simultaneously. Quarterly momentum is shooting higher. Volume is rising. Technical indicators can be said to be in place to support further gains. But, for investors with Ria ...
4 days ago
GuocoLand CEO Raymond Choong to retire; Singapore managing director Cheng Hsing Yao to take over
Uma Devi - GUOCOLAND’S president and chief executive Raymond Choong is set to retire from his position and step down from the company’s board of directors on June 30.
4 days ago
Missing S$33m case: It’s an accident that lawyer Jeffrey Ong had a stolen passport when nabbed abroad, defence says
siewfern -
4 days ago
Retailer Naiise to close last S’pore outlet at Jewel Changi Airport, some vendors owed up to S$10,000
gordon.feeney -
4 days ago
Weekend entry restrictions at Lucky Plaza, Peninsula Plaza to be lifted after 'crowding situation' improves
Uma Devi - SINGAPORE: Weekend entry restrictions at Lucky Plaza and Peninsula Plaza will be lifted from Saturday (Apr 10), almost eight months after they were put in place as part of COVID-19 measures. “Improvements in the crowding situation” have been observed at the two malls, the Singapore Tourism Boa ...
4 days ago
Weekend entry restrictions to Lucky Plaza, Peninsula Plaza to be lifted from April 10
asyrafkamil -
4 days ago
Nanofilm to purchase property in Tai Seng Drive for S$30.38m
Uma Devi - NANOFILM Technologies on Friday said that it has exercised an option to purchase (OTP) to buy a property along Tai Seng Drive for S$30.38 million.
4 days ago
More job vacancies last year were new roles; 35% for work that can be done remotely: MOM
Janice Heng - A RISING share of job vacancies last year were for new roles, and - amid the Covid-19 pandemic - 35 per cent were for work that can be done remotely, according to the Manpower Ministry's (MOM) annual Job Vacancies report on Friday.
5 days ago
400 food services workers to benefit from revamped reskilling scheme: Josephine Teo
Elysia Tan - FOUR hundred existing frontline and operational workers in the food services industry are expected to be upskilled in the next two years, under a revamped Job Redesign Reskilling (JRR) Programme, said Minister for Manpower Josephine Teo at its launch on Friday.
5 days ago
Nursing jobs among top positions unfilled for at least 6 months in 2020: MOM report
michelle.lee -
5 days ago
GuocoLand CEO Raymond Choong to retire from position and the board on June 30
Uma Devi - GUOCOLAND'S president and chief executive Raymond Choong is set to retire from his position and step down from the company's board of directors on June 30, as he would have reached the age of 65 then.
5 days ago
Allied Technologies executive director Kenneth Low arrested, named as co-accused of Jeffrey Ong in 5 charges
Tay Peck Gek - KENNETH Low Si Ren, Allied Technologies' executive director - who has been implicated by JLC Advisors' former managing partner as being allegedly responsible for the Catalist-listed firm's missing escrow funds - has been arrested.
5 days ago
GuocoLand's group president & CEO Choong Yee How retires; Cheng Hsing Yao to take over
Felicia Tan - Choong Yee How, the director, group president and CEO of GuocoLand will be retiring on June 30. The 64 year old, who will turn 65 as at the time of his retirement, was appointed to the position for almost six years, since Sept 1, 2015. In his role, Choong’s responsibilities included the implementa ...
5 days ago
STI ends lower for the week, down 0.06%
Claudia Tan - SINGAPORE shares ended the week lower despite a positive Wall Street session that was boosted by gains in big technology stocks at the expense of cyclicals.
5 days ago
UOB Kay Hian remains positive on Sunpower Group, touts it as 'year of transformation'
Felicia Tan - UOB Kay Hian analysts John Cheong and Clement Ho are remaining positive on Sunpower Group following its record PATMI in 2020. Maintaining their “buy” recommendation with a slightly higher target price of $1.11 from $1.10 previously, Cheong and Ho are expecting 2021 to be a “year of transformat ...
5 days ago
Nanofilm purchases property on Tai Seng Drive for $30 mil
Atiqah Mokhtar - Nanofilm Technologies International has exercised an option to purchase the property located at 11 Tai Seng Drive, Singapore for a consideration of $30.38 million. The option was granted by G.W.T International, with the purchase price arrived after taking into consideration the valuation of the prop ...
5 days ago
Man jailed 12 weeks for assaulting domestic worker, who fled to ex-employer’s home
gordon.feeney -
5 days ago
UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield
Atiqah Mokhtar - Rising oil prices and attractive dividend yield underpin UOB Kay Hian Research’s positive view for CSE Global, with analyst John Cheong upgrading the counter to ‘buy’ with a higher target price of 68 cents from 53 cents previously. “We believe CSE Global (CSE) is well-positioned to leve ...
5 days ago
Singapore ratifies RCEP trade deal, becomes first country to do so
Raphael Lim - SINGAPORE: Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) agreement on Friday (Apr 9), becoming the first participating country to do so, the Ministry of Trade and Industry (MTI) said in a press release. The RCEP is the world's largest free trade agreement, bringing ...
5 days ago
Government aims to recover all S$370 million wrongly paid to firms as part of Jobs Support Scheme
SINGAPORE: The Government aims to recover the full amount of about S$370 million wrongly paid to companies in October last year as part of the Jobs Support Scheme (JSS). "We will do all we can to recover the excess disbursements while ensuring that we minimise inconvenience to firms throughout the . ...
5 days ago
US sanctions Chinese computer makers in widening tech fight
BEIJING: China's government on Friday (Apr 9) criticised the Biden administration's curbs on access to US technology for its supercomputer developers and said sanctions "only strengthen China's determination” to invent its own. The sanctions announced onThursday are the latest sign President Joe . ...
5 days ago
Hot Stock: BlackGold rallies 37.5% after proposed acquisition of energy group
Lisa Kriwangko - SHARES of BlackGold Natural Resources rose 18.8 per cent on Friday, after the Catalist-listed firm proposed to acquire Tengri Coal and Energy (TEC) for S$1 billion.
5 days ago
Hong Kong defends plan to reduce corporate database transparency
HONG KONG: A Hong Kong official on Friday (Apr 9) defended plans to curb public access to company searches, a move transparency and media advocates have warned will hamper the exposure of shady corporate dealings. The semi-autonomous financial hub currently maintains a paywalled Companies Registry . ...
5 days ago
Singapore becomes first participating country to complete RCEP ratification
Uma Devi - SINGAPORE has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement, and on Friday deposited its instrument of ratification with the secretary-general of Asean, who has been designated as the depositary for the agreement.
5 days ago
Jail for man who spiked colleague’s water with muscle relaxant to molest her, took obscene videos
gordon.feeney -
5 days ago
UOB sustainability bond ratings among the highest assigned to banks globally: Moody's and Fitch
Vivienne Tay - UOB's sustainability bond ratings will likely not see any upward pressure, given they are among the highest assigned to banks globally, Moody's Investors Service and Fitch Ratings said on Thursday.
5 days ago
Emerging Towns & Cities appoints Nexia TS to review dealings in Myanmar
Ong Sing Yee - EMERGING Towns & Cities Singapore (ETC) has appointed an independent reviewer to review the group's dealings in Myanmar.
5 days ago
Competition watchdog wants feedback on Aon-Willis Towers Watson merger
S Priyashini - THE Competition and Consumer Commission of Singapore (CCCS) is extending an invitation to the public to give feedback on the proposed merger of global professional-service firms Aon and Willis Towers Watson (WTW).
5 days ago
CGS-CIMB ups SIA Engineering to 'add', recommends switch from SIA on better valuations
Atiqah Mokhtar - CGS-CIMB Research analyst Lim Siew Khee has upgraded SIA Engineering Company (SIAEC) from ‘hold’ to ‘add’, recommending a switch from Singapore Airlines (SIA) to SIAEC on ‘more palatable valuations’ as travel prospects improve. “We see SIE as a cheaper proxy for the border reopening th ...
5 days ago
Maybank Kim Eng ‘positive’ on semicon industry as demand continues to grow
Lim Hui Jie - Maybank Kim Eng’s Lai Gene Lih has maintained his “positive” rating on the semiconductor industry, saying, “recent news continue to reinforce our view that the current momentum for our Singapore semicon equipment coverage is positive”. He notes that Applied Materials (AMAT) reiterated its ...
5 days ago
TSMC quarterly sales rise 17% after surge in chip demand
Bloomberg - Taiwan Semiconductor Manufacturing Co. reported a third straight quarter of record sales, underscoring its lead as the world’s No. 1 maker of the advanced chips that are currently in short supply. Taiwan’s largest company said first-quarter revenue climbed 17% to NT$362.4 billion ($17.07 billion ...






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