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

Singapore Stock Market News Singapore Business News Singapore Market Updates

1 day ago

MAS mulls regulating trade of payment token derivatives

Olivia Poh - THE Monetary Authority of Singapore (MAS) is seeking to allow derivatives of payment tokens such as Bitcoin and Ether to be traded on approved exchanges in Singapore, it said in a consultation paper on Wednesday.

1 day ago

SCDF ragging death: 13 months’ jail for officer who told colleague to push NSF into pump well

tessa.oh -

1 day ago

NSF’s suicide highlights need for trained mental health workers in all SCDF camps: State Coroner

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1 day ago

Swedbank says it is not aware of alleged violation of US sanctions

Natalie Choy - Swedbank said on Wednesday it was not aware of any violations by the bank of U.S. sanctions against Russia but said it continued to investigate money laundering after a Swedish television report that alleged such a breach.

1 day ago

Sasseur REIT gets 'buy' calls all around as China retail outlet malls sizzle

Stanislaus Jude Chan - SINGAPORE (Nov 20): Analysts are unanimously bullish on Sasseur Real Estate Investment Trust (Sasseur REIT), as the China-focused retail outlet mall manager continues to shine. Of the four brokerages covering Sasseur REIT, Maybank Kim Eng Research, UOB Kay Hian Research and DBS Group Research have ...

1 day ago

Mario Shopping Kart: Nintendo unveils Tokyo store to lure casual gamers

Nintendo Co Ltd unveiled its first Japanese store on Tuesday in Tokyo's trendy Shibuya shopping district, in a step towards greater commercialisation of its cast of popular characters.

1 day ago

COE prices closed mixed for Nov 20 exercise

tessa.oh -

1 day ago

SIAS says it is concerned about ‘lack of finality on Utico’s offer’ for Hyflux

SINGAPORE: The Securities Investors Association Singapore (SIAS) has said it is “seriously concerned” about the “lack of finality” on Utico’s offer for home-grown water treatment firm Hyflux, with the Middle Eastern investor repeatedly introducing changes to the deal at the last minute. A ...

1 day ago

Strikes at Lufthansa units possible despite arbitration: union

Natalie Choy - Strikes at Lufthansa units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at the German carrier, a spokesman for trade union UFO said on Wednesday.

1 day ago

Police arrest 19-year-old who rode PMD on top of sheltered walkway

tessa.oh -

1 day ago

Uncertainty over networks behind delay on French 5G spectrum - FFT

Natalie Choy - Uncertainty over which telecom networks could be used is one of the reasons as to why France is likely to delay its 5G spectrum auction, the head of the French telecoms federation said on Wednesday.

1 day ago

Ang Mo Kio Town Council graft case: Ex-general manager jailed 2 years 3 months for taking S$86,000 in bribes

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1 day ago

StanChart eyes millennials with savings product offering 2% interest rate

Vivien Shiao - STANDARD Chartered is riding on the millennial wave for savings and investments, with the launch of its first product targeted at this segment of young customers on Wednesday.

2 days ago

Longer-term Singapore government bonds facing headwinds: DBS

Fiona Lam - SINGAPORE Government Securities (SGS) bonds with tenors above 10 years have been under profit-taking pressure in the past few weeks, according to DBS Group Research on Wednesday.

2 days ago

Alibaba to price shares at HKUS$176 in landmark US$12.9 billion Hong Kong listing - sources

Natalie Choy - Chinese e-commerce giant Alibaba Group will raise up to US$12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8per cent discount to their New York close, sources with direct knowledge of the matter said.

2 days ago

Aston Martin launches first SUV, hopeful of a turnaround

Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched its first sport utility vehicle on Wednesday, hoping for a turnaround in fortunes.

2 days ago

Alibaba to price shares at HKUS$176 in landmark US$12.9 billion HK listing: sources

Natalie Choy - Chinese e-commerce giant Alibaba will raise up to US$12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8per cent discount to their last closing price in New York, two sources with direct knowledge of the matter said.

2 days ago

Alibaba to price shares at HKUS$176 in landmark US$12.9 billion HK listing - sources

Natalie Choy - Chinese e-commerce giant Alibaba Group will raise up to US$12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8per cent discount to their New York close, sources with direct knowledge of the matter said.

2 days ago

South African Airways needs government loan guarantee or risks liquidation: board member

Natalie Choy - South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.

2 days ago

China adds coal power despite climate pledge: Report

Natalie Choy - China plans to add new coal power plants equivalent to all of the EU's current generating capacity, putting the world's biggest emitter out of sync with its commitments to combat climate change, researchers said Wednesday.

2 days ago

Alibaba to exercise full retail tranche in Hong Kong listing: sources

Natalie Choy - Chinese e-commerce giant Alibaba will raise up to US$12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8per cent discount to their last closing price in New York, two sources with direct knowledge of the matter said.

2 days ago

SIAS says Utico made last-minute changes to Hyflux rescue package

Ng Ren Jye - SECURITIES Investors Association of Singapore (SIAS) founder and CEO David Gerald said SIAS is "seriously concerned that there is no finality yet on Utico’s offer" for Hyflux.

2 days ago

SIAS says Utico made last minute changes to Hyflux rescue package, urges parties to conclude deal

Ng Ren Jye - SECURITIES Investors Association of Singapore (SIAS) founder and CEO David Gerald said SIAS is "seriously concerned that there is no finality yet on Utico’s offer" for Hyflux.

2 days ago

Singapore stocks: STI resumes Wednesday afternoon down 0.19% on day

Vivienne Tay - SINGAPORE stocks resumed trading on Wednesday afternoon in negative territory, with the Straits Times Index edging down 0.19 per cent or 6.09 points to 3,232.78, on the day as at 1.05pm.

2 days ago

CBRE snags new Singapore head of valuation & advisory services from Knight Frank

Rachel Mui - PROPERTY consultancy CBRE on Wednesday said it has appointed Png Poh Soon as its head of valuation and advisory services for Singapore, with effect from Jan 2 next year. 

2 days ago

Hong Kong's Festival Walk mall to remain closed after damage during protests: Singapore REIT

Tay Peck Gek - SINGAPORE: The Festival Walk shopping mall in Hong Kong that was extensively damaged during protests last week will remain closed until further notice. "Due to the extensive damage incurred, recovery works including the cleaning up of debris and the assessment of repair works required, are ongoing ...

2 days ago

ComfortDelGro upgraded to 'outperform' despite more speed bumps ahead

Stanislaus Jude Chan - SINGAPORE (Nov 20): KGI Securities is upgrading ComfortDelGro Corporation to “outperform” after recent share price weakness that has seen the counter plunge from its recent peak in July. The counter closed at $2.36 on Nov 19, some 17% lower than its closing price of $2.84 on July 9. “Risk-to- ...

2 days ago

IHH Healthcare denies collusion with former Fortis owners

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No Its subsidiary only acquired shares after the exit of its erstwhile owners. Malaysian-Singaporean IHH Healthcare has not made any deals with the former owners of India-based Fortis Healthcare, the company said in an SGX filing. IHH clarified t ...

2 days ago

Asia shares lost in trade labyrinth, bonds get the benefit

Tay Peck Gek - Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks.

2 days ago

Alibaba to price shares at HKUS$176 in US$12.9 billion Hong Kong listing - sources

Tay Peck Gek - Alibaba will raise up to US$12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.

2 days ago

Asia not ‘centre of the world’, needs cooperation with other regions to progress: PM Lee

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2 days ago

Law firm managing partner fined S$15,000 for molesting 3 women in bar

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2 days ago

Senoko Energy denies seeking loans to weather oversupply issues

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No It said it has explored the possibility with EMA but currently sees no need for it. Senoko Energy is not seeking funding from the government and said it posted positive cash flows in 2018, refuting reports that it has asked for a $100m-$200m l ...

2 days ago

Singapore financial comparison site GoBear’s two co-founders resign

Kristie Neo - GoBear is also understood to be shutting down its Indonesian arm after just a year of operations. The post Singapore financial comparison site GoBear’s two co-founders resign appeared first on DealStreetAsia.

2 days ago

Hyflux to hold FY2018 AGM by Dec 31

Ng Ren Jye - HYFLUX must hold its FY2018 annual general meeting (AGM) by Dec 31, 2019 and file its 2018 annual return by Jan 31, 2020 after the Accounting and Corporate Regulatory Authority (Acra) granted it a two-month extension, three months less than what Hyflux had requested.

2 days ago

Hyflux gets shorter extension from Acra to hold FY2018 AGM by Dec 31

Ng Ren Jye - HYFLUX must hold its FY2018 annual general meeting (AGM) by Dec 31, 2019 and file its 2018 annual return by Jan 31, 2020 after the Accounting and Corporate Regulatory Authority (Acra) granted it a two-month extension, three months less than what Hyflux had requested.