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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2 days ago

Improving margins, revaluation gains to give Amara a near-term leg up: RHB

Michelle Zhu - SINGAPORE (Nov 14): RHB Research is maintaining its “buy” call on Amara Holdings with an 88-cent target price after the hotel and property group’s 3Q18 results came in line with the research house’s expectations with a net profit of $2.5 million. In a Wednesday report, analyst Leng Seng Cho ...

2 days ago

Cyber security not just a ‘technical issue’ for IT personnel to handle: CSA CEO

asyrafkamil - Alfred Chua30 min 11 sec agoSINGAPORE — Cyber security should be viewed like the brakes of a car, in that one cou

2 days ago

Weak 3Q results keep Golden Agri at 'sell' at CGS-CIMB and UOB

Samantha Chiew - SINGAPORE (Nov 14): Analysts are maintaining their downbeat forecast on Golden Agri-Resources following its 3Q18 results announcement last night, which largely came in below expectations. Golden Agri reversed into the red in 3Q18 and 9M18 with losses of US$53.9 million ($74.6 million) and US$81.1 m ...

2 days ago

PM Lee urges Asean, China to build on ‘positive momentum’ in ties

maelynn - Kenneth Cheng1 hour 21 min agoSINGAPORE — To build on the “positive momentum” in relations, China and the Associati

2 days ago

MAS launches public consultation on creation of ‘sandbox express’

Leila Lai - SINGAPORE: The Monetary Authority of Singapore (MAS) will kick off a public consultation on Wednesday (Nov 14) to seek views on the proposed set-up of a “sandbox express” that will give financial institutions and non-financial players quicker access into its so-called sandboxes. This, alongside ...

2 days ago

SGX to launch new securities settlement and depository system

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It will cut its securities settlement cycle from three to two days. Singapore Exchange (SGX) is set to launch a new securities and depository framework on 10 December to cut its securities settlement cycle to two days (T+2) from three (T+3) ...

2 days ago

HDB rents rose 0.3% in October

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Rents for HDB three-rooms grew 1%. Housing and Development Board (HDB) flat rents increased 0.3% MoM in October, with HDB three-rooms leading the hike by 1%, SRX Property revealed. Rents for HDB four-rooms and HDB five-rooms also grew 0.2% an ...

2 days ago

ST Engineering profits up 5.3% to $134.59m in Q3

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Earnings per share grew 5% to $0.432. ST Engineering’s Q3 profits rose 5.3% YoY from $127.82m to $132.59m, an announcement revealed. Revenue for the firm inched up 1% to $1.63b whilst earnings per share (EPS) grew 5% to $0.432. For its ...

2 days ago

Private condo rents dipped 0.7% in October

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Rental volumes fell 1.7% to 4,207 rented units. Private condominium rents slipped 0.7% MoM in October with rents in the core central region (CCR) leading the declines by 1.7%, SRX Property revealed. read more

2 days ago

SingHaiyi calls off US$23.1m condo sales in US commercial project

Tan Hwee Hwee - PROPERTY developer SingHaiyi Group has terminated an agreement for the sale of 34 condominium units at US$23.1 million of a US commercial real estate project.

2 days ago

Cathay apologises over data breach but denies cover-up

Leila Lai - The top two executives at Hong Kong carrier Cathay Pacific on Wednesday apologised for the firm's handling of the world's biggest airline hack that saw millions of customers' data breached but denied trying to cover it up.

2 days ago

Guide on new skills to help workers in Singapore wholesale trade plan career, training

Leila Lai - A NEW Skills Framework for Wholesale Trade to aid employers and employees in the wholesale trade sector in their career advancement was launched on Wednesday by Koh Poh Koon, Senior Minister of State for Trade and Industry.

2 days ago

FAA denies report on new probe of Boeing's safety analyses on 737 MAX

Tay Peck Gek - The U.S. aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co , following the crash of a Lion Air jet in Indonesia last month, the Wall Street Journal reported on Tuesday.

2 days ago

Singapore stocks: STI resumes Wednesday afternoon at 3,037.43, down 0.5% on day

Wong Kai Yi - SINGAPORE stocks resumed trading lower after Wednesday's lunch break, with the Straits Times Index shedding 0.5 per cent, or 16.17 points, to 3,037.43 as at 1.02pm.

2 days ago

Medical inflation in Singapore expected to hover at 10%: Aon

PC Lee - SINGAPORE (Nov 14): Medical plan costs paid by employers in Singapore are set to increase at 10% in 2019 unchanged from this year, despite lower projected general inflation of just 1%. More specifically, cancer and cardiovascular issues will be the top conditions driving up medical plan costs in th ...

2 days ago

Cathay Pacific executives grilled over data breach 'crisis'

Ann Williams - Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident.

2 days ago

Jobs for the boys under fire in South Korea

Tay Peck Gek - In her year-long quest for a job, South Korean college graduate Casey Lee has faced a barrage of personal and contradictory questions.

2 days ago

PropNex posts 42% rise in 3Q earnings to $7.2 mil on higher sales

Samantha Chiew - SINGAPORE (Nov 14): PropNex says that its 3Q18 earnings have increased by 41.6% to $7.21 million, compared to $5.09 million in 3Q17. This brings 9M18 earnings to $17.6 million, 47.2% higher than $11.9 million in 9M17. Revenue for the quarter was 26.0% higher at $124.2 million from $98.5 million las ...

2 days ago

Labour woes force Japan to prise open door to migrant workers

Tay Peck Gek - Ageing Japan is reluctantly attempting to prise open its doors to migrant workers as it battles serious labour shortages, raising the hackles of conservatives worried about mass immigration.

2 days ago

SGX inks pact with Bank of China, CFETS to promote their bond indices outside China

Leila Lai - THE Singapore Exchange (SGX) on Wednesday announced that it has signed a strategic cooperation agreement with Bank of China Limited (BOC) and China Foreign Exchange Trade System and National Interbank Funding Center (CFETS) to jointly promote the CFETS-BOC Traded Bond Index and its sub-indices outs ...

2 days ago

Succession & forward planning remain key challenges for local family businesses: PwC

Michelle Zhu - SINGAPORE (Nov 14): While family businesses in Singapore are optimistic about growth and have a strong desire to keep their businesses in the family, few have ensured that plans are in place to achieve these objectives. This is according to the Global Family Business Survey 2018 released by Pricewa ...

2 days ago

Singapore family businesses upbeat on growth but need better succession plans: PwC

Leila Lai - WHILE family businesses in Singapore are optimistic about growth and are keen to keep the business in the family, few have a robust succession plan in place compared to their global counterparts, according to the Global Family Business Survey 2018 released on Wednesday by professional services firm ...

2 days ago

Singapore family businesses upbeat on growth, ability to involve next gen but need better succession plans: PwC

Leila Lai - WHILE family businesses in Singapore are optimistic about growth and are keen to keep the business in the family, few have a robust succession plan in place compared to their global counterparts, according to the Global Family Business Survey 2018 released on Wednesday by professional services firm ...

2 days ago

Free Wi-Fi services on 18 SBS Transit buses from February 2019

asyrafkamil - Asyraf Kamil19 min 17 sec agoSINGAPORE — Commuters who live in the southern part of Singapore or frequently take b

2 days ago

Japan economy shrinks 0.3% in July-September

Tay Peck Gek - Japan's economy shrank in the three months to September, official data showed Wednesday, after a string of natural disasters hit consumer spending and exports.

2 days ago

Cheers, fears as Amazon unveils HQ plan

Ann Williams - It's exciting for some, worrisome for others: The arrival of a massive headquarters of technology giant Amazon in two East Coast communities is certain to bring huge changes.

2 days ago

Singapore condo rents slip 0.7% in October; HDB rents inch up 0.3%: SRX Property

Ann Williams - RENTS for condominiums and private apartments dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to flash data from real estate portal SRX on Wednesday.

2 days ago

Singapore leads Asia-Pacific in open banking readiness: poll

Leila Lai - SINGAPORE ranks top in the Asia-Pacific region for its advanced open banking readiness, a survey released on Wednesday by global financial software provider Finastra has found.

2 days ago

China industrial output, investment beat forecasts; retail sales miss

Tay Peck Gek - China's industrial output grew 5.9 percent in October from a year earlier and fixed-asset investment rose 5.7 percent in the first 10 months, both above forecasts, but retail sales rose less than expected last month, data showed on Wednesday.

2 days ago

AusGroup Q1 earnings dive 59.1% to A$1.31m

Tan Hwee Hwee - PERTH-HEADQUARTERED construction and marine services provider, AusGroup, saw profit from its continuing operations and revenue plunge for the first quarter on reduced operating activity.

2 days ago

Snap reveals US subpoenas on IPO disclosures

Tay Peck Gek - The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.

2 days ago

Dell taps banks to raise more cash for tracking stock offer: Sources

Tay Peck Gek - Dell Technologies Inc is working with investment banks to add more cash to a US$21.7 billion offer to buy back a "tracking stock" tied to its software company VMware Inc following investor opposition, people familiar with the matter said on Tuesday.

2 days ago

German officials raise China alarm as 5G auctions loom

Tay Peck Gek - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.

2 days ago

US FAA launches high-priority probe of Boeing's safety analyses: WSJ

Tay Peck Gek - The U.S. aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co , following the crash of a Lion Air jet in Indonesia last month, the Wall Street Journal reported on Tuesday.

2 days ago

SIA Q2 profits dropped 80.9% to $56.4m in Q2

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It blamed a 40% increase in jet fuel costs and share losses from Virgin Australia. Singapore Airlines (SIA) was struck by high fuel prices as profits dropped 80.9% in Q2 FY18/19 to $56.4m from $293.3m in Q2 2018, an announcement revealed. It ...

2 days ago

Daily Briefing: EDBI joins $55.14m funding round for US tech firm; MOH lays out benchmarks fees for surgical procedures in private hospitals

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No And Kent Ridge Hill Residences sell 46% of units in weekend launch. From Deal Street Asia: EDBI backed the $55.14m (US$40m) Series F funding round for US-based digital adoption platform WalkMe as it eyes further expansion in the Asia Pacific. ...