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

Joanna Yu and mystery witness scheduled to testify this week

The Edge Malaysia - (July 22): Former AmBank Bhd relationship liaison manager Joanna Yu and a mystery witness are scheduled to testify at the trial of Datuk Seri Najib Razak on Monday, a prospect anticipated by many given that the former managed and oversaw Najib’s bank accounts as well as those of SRC International ...

2 days ago

Philips second-quarter sales growth beats expectations

Sharanya Pillai - Dutch health technology company Philips on Monday reported a better-than-expected 6per cent rise in comparable sales for the second quarter, to 4.67 billion euros (US$5.24 billion).

2 days ago

Iconic Eu Yan Sang Building up for sale at S$62.5m

SINGAPORE: The iconic Eu Yan Sang building in Chinatown has been put up for sale with a guide price of S$62.5 million, announced the property’s marketing agent JLL in a news release on Monday (Jul 22). The building, where Singapore’s first Eu Yan Sang traditional Chinese pharmacy was located, w ...

2 days ago

Delong requests trading halt pending announcement

Fiona Lam - MAINBOARD-LISTED steelmaker Delong Holdings has called for a trading halt on Monday, half an hour before the midday break, pending the release of an announcement.

2 days ago

Fintech soCash raises US$6m to expand to Indonesia, Malaysia, Hong Kong

Fiona Lam - FINTECH startup soCash is gearing up to grow its Asian distribution network after raising US$6 million in Series B funding, it announced on Monday.

2 days ago

S-Reits can no longer be seen as 'low-risk' if leverage limit is raised: OCBC

Vivienne Tay - IF the proposed changes of raising the leverage limit of Singapore real estate investment trusts (S-Reits) above the current leverage limit of 45 per cent goes through, debt markets can no longer take a "broad-brush" approach and assume S-Reits are “low-risk”.

2 days ago

SG’s soCash raises $6m in Series B funding, led by Japan’s Glory Ltd

Kristie Neo - soCash will use the corpus raised to grow its distribution network in Indonesia, Malaysia and Hong Kong. The post SG’s soCash raises $6m in Series B funding, led by Japan’s Glory Ltd appeared first on DealStreetAsia.

2 days ago

Can CCT's Frankfurt office acquisition, AEIs lift it to new heights?

Stanislaus Jude Chan - SINGAPORE (July 22): CapitaLand Commercial Trust (CCT) has benefitted from an up-cycle in the office market so far this year. On the back of steady growth from its diversified base of Grade A office buildings, CCT saw its share price climb some 31% from $1.76 at the start of the year to a 52-week p ...

2 days ago

Broadway Industrial shares surge 64% on heavy volume, prompting SGX query

Fiona Lam - THE Singapore Exchange (SGX) queried Broadway Industrial Group on Monday morning, after the watch-listed precision manufacturer’s share price surged 63.6 per cent amid active trading.

2 days ago

Great Eastern, Doctor Anywhere unveiling healthtech services for corporate clients

Fiona Lam - INSURER Great Eastern (GE) and Singapore-based healthtech startup Doctor Anywhere have partnered to launch health and wellness tech services for GE’s corporate customers.

2 days ago

Great Eastern partners Doctor Anywhere to launch tech-enabled integrated health services

Samantha Chiew - SINGAPORE (July 22): Great Eastern and Doctor Anywhere last Friday signed a memorandum of understanding (MOU) which will see the duo leveraging on platform, content and product resources, as well as tech and industry expertise to meet the digital wellness needs of customers across key markets in As ...

2 days ago

Fintech startup soCash raises US$6 mil in series B funding round

Uma Devi - SINGAPORE (July 22): soCash, the Singapore-headquartered fintech startup, announced that it has raised US$6 million ($8.2 million) in its series B funding round. With the new funds, soCash aims to grow its distribution network to improve the accessibility and convenience of banking services in coun ...

2 days ago

Former NUS lecturer and fugitive of 17 years found guilty of molesting 5 schoolboys in 1999

yasmine.yahya -

2 days ago

Will Singapore ease monetary policy amidst Q2 surprise GDP slip?

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No An analyst believes the policy easing will come amidst shrinking growth and slowing inflation. Bloomberg reported that Singapore’s surprise decrease in gross domestic product (GDP) by 3.4% has spurred speculations of a brewing monetary ...

2 days ago

Keppel O&M on the cusp of recovery with $1.9b contract win YTD

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It surpassed the $1.7b new orders secured during the whole of 2018. As contract wins have already hit $1.9b as of end-June 2019, Keppel Corporation’s offshore & marine (O&M) division is said to be on the cusp of recovery with a ...

2 days ago

Prime US REIT makes trading debut on SGX-ST

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It launched the largest IPO YTD by market capitalisation. Prime US Real Estate Investment Trust (REIT) commenced trading on the main board of the Singapore Exchange Securities Trading (SGX-ST), offering investors the opportunity to invest in ...

2 days ago

Iconic Eu Yan Sang Building up for sale with S$62.5m guide price

Fiona Lam - THE iconic Eu Yan Sang Building in Chinatown has been launched for sale with a guide price of S$62.5 million, the property’s exclusive marketing agent JLL said on Monday.

2 days ago

Banks' NIM expansion could hit 1-2bp in Q2

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Both OCBC and UOB could have a NIM expansion of 2bp during the period. Net interest margin (NIM) expansion across Singapore banks could reach 1-2 bp in Q2 2019 amidst the tailwind effects of their mortgage repricing efforts, according to CGS- ...

2 days ago

80% of One Pearl Bank's released units sold at launch

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Units were sold at an average price of $2,400 psf. CapitaLand boasted strong sales during the weekend launch of One Pearl Bank, which has recorded 160 units or 80% of the released units sold at an average price of $2,400 psf as of 5 p.m. on 21 ...

2 days ago

What Singapore’s slowing GDP growth means for the jobs market

SINGAPORE: As Singapore’s outlook darkens with growth cooling to levels last seen a decade ago, there could be more retrenchments and fewer job vacancies ahead, said economists. The job losses will likely come from outward-oriented sectors, which have been hit by a protracted trade spat between .. ...

2 days ago

Singapore shares open lower on Monday; STI down 0.45% to 3,362.86

Fiona Lam - SINGAPORE shares fell when trading began at the start of the week, ahead of the release of a slew of economic data and local corporate earnings. The decline on the Singapore bourse also tracks Wall Street’s losses at Friday’s close.

2 days ago

Oil gains as Gulf tanker seizure raises tensions

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week.

2 days ago

Daily Briefing: GIC mulls bid for Brussels settlements firm Euroclear; Smart City Kitchens files complaint against Deliveroo and GrabFood

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No And Thai accelerator Rise forays into Singapore with its corporate AI programme. From Bloomberg: Singapore’s sovereign wealth fund GIC is one of many firms considering bids for a stake in the $8.71b (US$6.4b) European settlements giant ...

2 days ago

Asia stocks dip on likely smaller Fed rate cut, oil gains

Ng Ren Jye - Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.

2 days ago

Chart of the Day: New condo sales volume could jump 33% in Q2

Staff Reporter - Submitted By:  Nathanielle Punay Case Study:  No It was led by new sales in the Rest of Central Region (RCR) area. This chart from Edmund Tie & Co. shows that new condo sales volume may climb 33% YoY to 2,300 units in Q2, as compared to 1,739 units in Q1. It was led by new sales in th ...

2 days ago

Swiber incorporates vessel charterer in Mexico with 49% stake

Vivienne Tay - DEBT-LADEN offshore and marine group Swiber Holdings has incorporated an associated company in Mexico, Somex International, whose main business will be vessel chartering, its judicial manager Bob Yap said on Monday in a regulatory update.

2 days ago

SG’s Anchanto to raise new funding, enter S. Korea, West Asia

Sarah Yuniarni - Anchanto has so far raised close to $15 million across different funding rounds. The post SG’s Anchanto to raise new funding, enter S. Korea, West Asia appeared first on DealStreetAsia.

2 days ago

Daily Markets Briefing: STI up 0.5%

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No DBS is the top active stock as it rose 1.18%. The Straits Times Index ended 16.91 or 0.5% lower at 3,377.96. The top active stocks were DBS, which rose 1.18%, SATS, which crashed 6.02%, UOB, which increased 1.05%, OCBC, which rose 0.87%, and S ...

2 days ago

SEA unlikely to produce same number of unicorns as China, says Qiming’s Helen Wong

Kristie Neo - Qiming typically targets Series A and B deals in Southeast Asia, with ticket sizes ranging from $5-10 million. The post SEA unlikely to produce same number of unicorns as China, says Qiming’s Helen Wong appeared first on DealStreetAsia.

2 days ago

Stocks to watch: CapitaLand, Sinostar PEC, Secura

Vivienne Tay - THE following companies saw new developments that may affect trading of their shares on Monday:

2 days ago

SG’s GIC among firms eyeing stake in Brussels-based Euroclear

Bloomberg News - The Brussels-based company is either eyeing a stake sale or an IPO going forward. The post SG’s GIC among firms eyeing stake in Brussels-based Euroclear appeared first on DealStreetAsia.

2 days ago

Great time to be an entrepreneur, harder to be a VC: GGV Capital’s Jenny Lee

Ka Kay Lum - In Southeast Asia, where Lee spends about 25 per cent of her time, she said the VC firm is still in an exploration and discovery mode.  The post Great time to be an entrepreneur, harder to be a VC: GGV Capital’s Jenny Lee appeared first on DealStreetAsia.

2 days ago

China steel mill boss detained for pollution offences

Tay Peck Gek - SHANGHAI: The boss of a steel mill in the city of Tangshan in Hebei province has been detained after his plant was found to have violated anti-smog restrictions, state media reported on Monday (Jul 22). The Tangyin Steel Plant, owned by the Tangshan Iron and Steel Group, had failed to carry out a .. ...

2 days ago

Secura guides for 2Q loss; share price hovers near all-time low

Stanislaus Jude Chan - SINGAPORE (July 22): Security solutions provider Secura Group says it is expected to report a net loss for the 2Q19 ended June. This is mainly due to the non-recurrence of an overseas contract and a loss incurred on a system integration project which had since been completed. However, the group say ...

2 days ago

China's answer to Nasdaq set to begin trading

Tay Peck Gek - SHANGHAI: Trading begins on Monday (Jul 22) on a new Nasdaq-style technology board in Shanghai that represents one of China's most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks will debut on the Shanghai Stocks Exchange's .. ...

2 days ago

UK parliamentary committee questions StanChart's remuneration policy

Tay Peck Gek - The head of the British parliament's Work and Pensions Committee has written to the chair of Standard Chartered Plc's remuneration committee questioning the bank's executive pension pay levels after more than a third of shareholders voted against its directors' remuneration policy.