Business Headlines & Singapore Stock Market News

2 days ago

Singtel seeks clarity on participating in telco consolidation following failed M1-Simba deal

The telecommunications company also said it is open to a local partner taking a "meaningful minority stake" in its Australian subsidiary Optus.

2 days ago

Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell?

Jamille Tran - Takers could include patient investors seeking exposure to the country’s economic rise

2 days ago

Double-clicking on why forward deployed engineers will be key for agentic AI with OpenAI's Colin Jarvis

Nurdianah Md Nur - Billions of dollars are pouring into enterprise AI adoption but turning a promising demo into a system anyone actually uses remains the industry's most stubborn problem. The challenge is about to get harder as agentic AI — or systems that do not just answer questions but go off, complete work ...

2 days ago

Singapore ramps up AI push for SMEs with new initiatives, partnerships

Ranamita Chakraborty - An awards recognising those that have achieved measurable business outcomes through the use of AI launched

2 days ago

Vietnamese EV maker VinFast’s move to shift US$7 billion in debt raises ‘red flags’

With the manufacturing unit off its books, the company will become largely debt-free, Vingroup says

2 days ago

Iran war spurs extreme bear scenarios for Asia currencies, bonds

The region is reeling from a more than 40% surge in crude prices since the war broke out in late February

2 days ago

National movement encouraging SMEs to go green launched, aims to change view that sustainability comes at a cost

The Green 100 initiative is about lowering barriers and raising incentives for smaller firms to become sustainable, said Singapore climate ambassador Ravi Menon.

2 days ago

Nvidia tells sceptical investors that AI is ready to go mainstream

Shareholders were not swayed by an expansion of investor rewards, including a massive increase to the company’s dividend

2 days ago

Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng

The firm has engaged external legal advisors, and business operations will remain normal in the meantime

2 days ago

Airbnb pushes beyond stays with luggage storage, car rentals, hotels

The company is also testing bundled offers of stays and add-ons

2 days ago

Grab, RSM join Singapore's Digital Enterprise Blueprint to bring AI and cybersecurity tools to 12,000 local SMEs

Nurdianah Md Nur - Grab and RSM Stone Forest IT (RSM) are joining Singapore's Digital Enterprise Blueprint ecosystem to help 12,000 small and medium-sized enterprises (SMEs) adopt artificial intelligence (AI) and strengthen cyber defences. Grab will launch the Grab AI Programme for SMEs with the Infocomm Media De ...

2 days ago

Grab, RSM join Singapore's Digital Enterprise Blueprint to bring AI and cyber tools to 12,000 SMEs

2 days ago

Citadel Securities hires more than 60 across Asia, including Singapore

The firm will focus on hiring researchers, engineers and traders by tapping into the talent pool in Hong Kong

2 days ago

Apex court rejects resulting trust claim in 99-1 condo dispute

Chong Xin Wei - Court says enforcing such trust would effectively endorse an intention to evade ABSD

2 days ago

Shares rally on Nvidia earnings, Samsung strike suspension

SINGAPORE: Stocks rose on Thursday (May 21) as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.MSCI's broadest index of Asia-Pacific shares outside Japan c ...

2 days ago

US Fed minutes show more policymakers open to a rate hike

Kevin Warsh will convene his first Fed meeting on Jun 16 to 17 with no prospect seen for a change in rates,...

2 days ago

Global funds pile back into Chinese stocks in April

The inflows come amid a broader tech rally, as investors focused on AI-driven productivity gains

2 days ago

Deep under China’s coal basins, PetroChina is unlocking gas from rocks

The push to develop coal rock gas is part of Beijing’s widening effort to diversify its energy mix and reduce reliance on...

2 days ago

Gold steadies as hopes of US-Iran truce ease rate-hike bets

Bullion is down about 14% since the war began in late February

2 days ago

ASL Marine’s 9MFY2026 net profit surge 176% y-o-y to $25.4 mil

Teo Zheng Long - ASL Marine Holdings Limited (ASL Marine) (SGX: A04 ) has reported a significantly higher net profit of $25.4 million for 9MFY2026 ended Mar 31, 2026. Revenue for 9MFY2026 increased by 2% y-o-y to $271.1 million, mainly due to higher revenue contribution from ship repair, conversion and engineering s ...

2 days ago

Elon Musk's X loses Australia child protection compliance lawsuit

SYDNEY, May 21 : An Australian court upheld a regulator's fine against Elon Musk's social media company X Corp after it admitted violating the law by failing to supply information about its online child protection measures, ending a nearly three-year dispute.After the eSafety regulator, a ...

2 days ago

Freeport Indonesia says wet ore slowing Grasberg recovery, near full run-rate in 2027

JAKARTA, May 20 : The recovery of PT Freeport Indonesia's Grasberg gold and copper mine is taking longer than expected, but operations should approach full capacity by the end of 2027, its chief executive told Reuters on Wednesday.The timeline for the complex - the world's second-largest c ...

2 days ago

Dollar rally pauses on Iran deal hopes; yen edges back from intervention zone

TOKYO, May 21 : The U.S. dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington is nearing a deal with Tehran to end the war in the Middle East.U.S. President Donald Trump said negotiations were in the final stages, while also warning of further attacks i ...

2 days ago

Dollar rises as Iran deal doubts cloud outlook

NEW YORK: The dollar rose to a six-week high on Thursday (May 21) after Iran's Supreme Leader issued a directive that the country's near-weapons-grade uranium must not be sent abroad, hardening Tehran's stance and casting doubt on how close a deal is to end the Middle East war. That d ...

2 days ago

SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI

May 20 : SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse.Much of its outlook relies on SpaceX dominating techno ...

2 days ago

Japan's factory activity expands at slower pace, cost pressures surge

TOKYO, May 21 : Japan's manufacturing activity slowed slightly in May, while service sector growth ground to a halt for the first time in over a year, as surging costs linked to the Middle East conflict weighed on confidence, a business survey showed on Thursday.• The S&P Global flash Jap ...

2 days ago

Elon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals

The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on May 20 with the US...

2 days ago

SpaceX IPO filing reveals US$4.28 billion loss, Elon Musk’s tight grip

The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on Wednesday with the US SEC

2 days ago

Stocks to watch: Singtel, CDL

Shikhar Gupta - The following companies saw new developments that may affect trading of their securities on Thursday (May 21):

2 days ago

Airbnb’s CEO says US ‘misunderstanding’ use of Chinese open-source AI models

Low-cost AI models from China that can perform almost as well as costlier offerings from premier US labs

2 days ago

Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus

Therese Soh - For the six months, underlying net profit up 10.6%; proposes final dividend of S$0.103 per share, including a value realisation dividend of...

2 days ago

Singtel H2 net profit down 20.9% at S$2.2 billion

Therese Soh - For the six months, the group’s underlying net profit rises 10.6% for H2

2 days ago

Singtel logs 12% rise in annual earnings helped by regional associates

Singapore Telecommunications (Singtel) reported a 12 per cent rise in annual underlying profit on Thursday (May 21), driven by strong contributions from India's Bharti Airtel and other regional associates.Post-tax profit contributions from regional associates, including Airtel, Thailand's ...

2 days ago

Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power

SAN FRANCISCO, May 20 : Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence.In recent fundraising materials, the San Francisco-based startup apprised inv ...

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers