2 days ago
Indonesia pressures commodity firms with earnings rule
Shipments of commodities including mining, agricultural, forestry and fisheries products reached almost US$250 billion last year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Indonesia’s new export earnings rule raises fears of cash crunch, competitive setbacks
Elisa Valenta - Industry players are concerned that the sudden policy change, intended to buffer the falling rupiah, could unsettle foreign investors as it signals...
2 days ago
CGSI reduces Nanofilm’s target price to 63 cents on slower-than-expected recovery
Douglas Toh - CGS International (CGSI) analyst William Tng has reduced his earnings projections for Nanofilm Technologies’ FY2024 results, on expectations that the company will incur higher start-up costs at its new operating sites, leading to a lower target price of 63 cents from 70 cents previously. Tng belie ...
2 days ago
Record beef imports raising risk of China imposing trade curbs
Around two-thirds of Chinese cattle farmers are making losses
2 days ago
Morgan Stanley's bonus payouts for star Asia bankers to jump by up to 50%, sources say
HONG KONG : Morgan Stanley's top-performing investment bankers and traders in Asia will see up to a 50 per cent increase in bonuses due to robust business growth and a low-base effect of last year, according to two people with direct knowledge of the matter.The jump in the bonus payouts in the ...
2 days ago
HSBC raises Singtel’s target price ahead of possible telco consolidation
Nurdianah Md Nur - HSBC Global Research analysts have kept their “buy” call on Singapore Telecommunications (Singtel) but with a slightly raised target price of $3.70 from $3.65 previously. According to their report dated Jan 20, Singapore’s telco consolidation is not a matter of “if” but “when”, due to ...
2 days ago
Exit of Adani from Adani Wilmar JV could have 'slight' negative initial impact on Wilmar International's earnings: RHB
Nicole Lim - RHB Bank Singapore says that the exit of Adani Group from the Adani Wilmar (AWL) joint venture could have a “slight” negative initial impact on Wilmar International ’s earnings, however, longer-term growth prospects related to the demand for edible oil, and FMCG are positive. The RHB Singap ...
2 days ago
Trump says he could hit China with 10% tariff from next month
Bloomberg - President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month, a day after he left the world’s second-largest economy out of the countries he was looking to target imminently. “We’re talking about a ...
2 days ago
Apple loses top-stock crown as analysts downgrade on iPhone risk
Apple is scheduled to report its first-quarter results next week
2 days ago
SBF launches roadmap to help TACs boost capabilities
Paige Lim - Nearly 20 new initiatives will be launched over the next three years, in areas such as human capital development and improving governance
2 days ago
SBF launches road map to help trade associations and chambers boost capabilities
Paige Lim - Nearly 20 new initiatives will be launched over the next three years, in areas such as human capital development and improving governance
2 days ago
SBF launches roadmap to help trade associations and chambers boost capabilities
Paige Lim - Nearly 20 new initiatives will be launched over the next three years, in areas such as human capital development and improving governance
2 days ago
US SEC unveils task force to start work on crypto regulations
THE US Securities and Exchange Commission’s (SEC) new leadership said on Tuesday (Jan 21) it had created a task force to develop...
2 days ago
New SkillsFuture portal for jobseekers to identify top skills, potential career transitions
Tessa Oh - A report also identifies priority skills in the care, green and digital economies
2 days ago
The rise of Southeast Asia as a global middle power in the next five years will have challenges: Kearney
Nicole Lim - Southeast Asia will rise as a global “middle power” of the world in the coming five years, according to a prediction by Kearney’s Global Business Policy Council report titled “World in Flux: Global Wildcards 2025–2030”. Southeast Asia’s economies, including Indonesia and Vietnam, are p ...
2 days ago
Gold hits 11-week high on softer US dollar, Trump policy uncertainty
GOLD prices climbed to a fresh 11-week high on Wednesday (Jan 22), buoyed by a weaker US dollar and as uncertainty surrounding...
2 days ago
Indonesia to force exporters to keep all US dollar earnings onshore for a year amid rupiah concerns
The latest rule change is expected to help boost Indonesia’s onshore foreign currency deposits
2 days ago
Passenger traffic at Changi Airport in 2024 nears pre-pandemic level; China reclaims top market status
Tay Peck Gek - Singapore Tourism Board notes nearly 2.9 million arrivals in Singapore from China for the year to November 2024, up 134.1% year...
2 days ago
Indonesia’s eFishery unicorn allegedly faked most of its sales
eFishery counts SoftBank and Temasek as investors
2 days ago
Singapore’s eFishery unicorn allegedly faked most of its sales
EFishery is the nation’s latest so-called unicorn and counts SoftBank and Temasek as investors
2 days ago
SoftBank, Temasek-backed fish startup allegedly faked most of its sales
EFishery is the nation’s latest so-called unicorn
2 days ago
Indonesia unicorn eFishery allegedly faked most of its sales
The agritech startup counts Japan’s SoftBank and Singapore’s Temasek among its investors
2 days ago
Indonesia unicorn eFishery allegedly faked almost US$600 million of its sales
The agritech startup counts Japan’s SoftBank and Singapore’s Temasek among its investors
2 days ago
Analysts raise TP on PropNex on strong 2H2024 earnings and no immediate property cooling measures
Nicole Lim - Analysts are positive on PropNex in the new year, and have raised their target prices for the real estate player in their reports on Jan 22. OCBC Investment Research (OIR) raises its fair value estimate for PropNex to $1.14 from 96 cents after the company’s ongoing success in the Singapore marke ...
2 days ago
OCBC Investment Research raises TP on PropNex on its Nov 2024 record sales and no immediate property cooling measures
Nicole Lim - OCBC Investment Research (OIR) raises its fair value estimate for PropNex to $1.14 from 96 cents after the company’s ongoing success in the Singapore market in 4Q2024 and no immediate property cooling measures signal. Analyst Donovan Tan keeps his “hold” call on the largest listed real estat ...
2 days ago
Oil prices steady as investors debate Trump 2.0 policies
Oil prices were little changed in early trading on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and its impact on supply. Brent crude futures eased 3 cents, to $79.26 per barrel, while U.S. West Texas Intermedia ...
2 days ago
Singapore shares rise at Wednesday’s open; STI up 0.2%
Chong Xin Wei - SINGAPORE shares started trading in positive territory on Wednesday (Jan 22) morning, tracking overnight gains in global markets.
2 days ago
STI ends 0.4% lower amid mixed Asian markets, Trump’s tariff remarks
Ranamita Chakraborty - Across the broader market, losers outnumber gainers 280 to 205, after 1.3 billion securities worth S$1.2 billion change hands
2 days ago
STI ends 0.4% lower amid mixed Asian markets and Trump’s tariff remarks
Ranamita Chakraborty - Across the broader market, losers outnumber gainers 280 to 205, after 1.3 billion securities worth S$1.2 billion change hands
2 days ago
SoftBank-backed fish startup allegedly faked most of its sales
Bloomberg - EFishery, one of Indonesia’s most prominent startups, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistleblower’s claim about the company’s accounting. A preliminary, ongoing probe into the agritech startup, backed by inves ...
2 days ago
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports
TikTok owner ByteDance plans to spend more than $12 billion on artificial intelligence infrastructure this year, betting on the cutting-edge technology for new growth, the Financial Times reported on Tuesday, citing people familiar with the matter.This move comes as the company faces pressure from W ...
2 days ago
Hong Kong minister voices concern as Greater Bay Airlines axes 200 flights
A source said around 200 flights from January to March would be affected.
2 days ago
Luxury, hotel stocks are all the rage as tourists flock to Japan
A growing number of companies are poised for a strong 2025 as increased demand from foreigners boosts earnings outlooks
2 days ago
Stoneweg E-Reit prices 500 million euro green notes due 2031 at 4.25%
Crystal Heng - The notes have been assigned a rating of ‘BBB-’ by Fitch Ratings and S&P Global Ratings