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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3 days ago
Pyongyang sanctions workarounds failing to soften impact
Janice Heng - North Korea's illicit and highly sophisticated efforts to circumvent UN sanctions may have sought to cushion their impact, but they offer no long-term solution to the fallout of tightened economic isolation, analysts say.
3 days ago
Singtel well positioned to weather competition, looking cheap at current prices: UOB Kay Hian
Michelle Zhu - SINGAPORE (Mar 21): UOB Kay Hian is maintaining its “buy” call on Singtel with a target price of $3.58, while highlighting that the stock, at the price of $3.02, is currently below its mean EV/EBITDA with a 5.8% dividend yield. In a Thursday report, analyst Chong Lee Len says she continues to l ...
3 days ago
EU leaders to discuss ways to limit Chinese influence at summit dinner
Tay Peck Gek - BRUSSELS: The European Union will discuss a more defensive strategy on China on Thursday (Mar 21), potentially signalling an end to the unfettered access that Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate. Caught between a new US-Chinese rivalry for economic ...
3 days ago
Tencent to post steepest profit fall in 13 years on games setback
Tay Peck Gek - HONG KONG: Tencent Holdings is set to report on Thursday (Mar 21) its sharpest quarterly profit decline in more than 13 years, as its failure to launch new blockbuster games due to China's regulatory review capped revenue growth. China resumed new gaming approvals in December after a nine-month ...
3 days ago
Judicial manager appointed for JES International
Tay Peck Gek - A JUDICIAL manager has been appointed for Chinese shipbuilding and engineering firm JES International following its application for judicial management in February.
3 days ago
Singapore hopeful for China-backed Asia trade pact this year
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Singapore's trade minister said Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year. On a visit to Washington, Trade and Industry Minister C ...
3 days ago
Singapore gets first guilty plea in $8b penny stock scheme
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Key accomplice Goh Hin Calm was sentenced to 36 months imprisonment by Singapore’s High Court. Singapore meted out its first jail sentence for an October 2013 penny-stock rout, which the prosecutor said was caused by the “most au ...
3 days ago
South Korean watchdog cuts fine on Qualcomm after decade-old legal battle
SEOUL: South Korea's antitrust regulator has lowered a decade-old penalty imposed on US chipmaker Qualcomm by 18 per cent to US$200 million, the Korea Fair Trade Commission (KFTC) said on Thursday (Mar 21).. The cut comes after the Supreme Court in January overturned one of several lower court ...
3 days ago
MAS develops in-house tool to detect rogue trading behaviour early
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It predicts the likelihood that market manipulation has occurred based on trade analysis and past cases. The Monetary Authority of Singapore (MAS) is utilising an augmented intelligence tool alongside its other analytical frameworks, in the ...
3 days ago
Frasers Property and FCT raise stakes in PGIM Asia retail property fund for $635 mil
PC Lee - SINGAPORE (Mar 25): Frasers Property Limited and Frasers Centrepoint Trust (FCT) are raising their stakes in PGIM Real Estate Asia Retail Fund for $635 mil in total. Frasers Property, which is also the sponsor of FCT, says the investments are line with the group's strategy to grow recurring income ...
3 days ago
Vietnamese ride-hailing firm FastGo to launch in Singapore in April
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Driver-partners can register on 1 April, whilst customers can book rides on 30 April. Vietnamese car-hailing firm FastGo will expand to Singapore and open registration for driver-partners on 1 April and ride booking for customers on 30 April, ...
3 days ago
Frasers Property raises stake in PGIM Real Estate AsiaRetail Fund to 47.82% for $601.5m
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Earnings are expected to grow to $511m after its acquisitions. Frasers Property raised its stake in PGIM Real Estate AsiaRetail Fund from 29.99% to 47.82% for $601.5m, an announcement revealed. This marks its second acquisition of the fund. Th ...
3 days ago
Hot stock: Chuan Hup shares up 12% following proposed special dividend
Navin Sregantan - SHARES in Chuan Hup Holdings were on a tear in Thursday's early session following a proposed special dividend of nine Singapore cents per share for when the company disposes of its stake in PCI Limited.
3 days ago
CapitaLand inks services agreement with Temasek's Jurong Consultants India
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Jurong Consultants India will provide due diligence services for India properties as part of an acquisition. CapitaLand has entered into a services agreement with Temasek Holdings-owned Jurong Consultants (India), which will provide due dilige ...
3 days ago
Challenger Technologies to delist with $0.56 exit offer price
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It cited weak retail sentiment and industry disruption amongst its reasons for delisting. Information technology (IT) retailer Challenger Technologies is seeking to delist from the official list of the Singapore Exchange Securities Trading ( ...
3 days ago
Frasers Property unit secures $785m green club loan
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No The net proceeds of the five-year term loan will be used to refinance the development of its Northpoint City South Wing mall. Frasers Property’s indirect wholly-owned subsidiary Frasers Property North Gem Trustee has clinched a green c ...
3 days ago
ST Engineering inks deal to expand its autonomous bus platforms
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Its AV kit will be integrated onto EV manufacturer BYD’s buses. ST Engineering announced that its land systems arm has expanded its portfolio of autonomous bus platforms with the inclusion of electric buses from electric vehicle (EV) m ...
3 days ago
COE prices close mostly higher in latest bidding exercise
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Open vehicles under Category E saw the highest increase of $3,380. Certificate of entitlement (COE) premiums closed mostly higher in the latest bidding exercise, an announcement revealed. Premiums for Category A cars which are those up to 16 ...
3 days ago
Frasers Property and FCT to raise stakes in PGIM Real Estate Asia Retail Fund
Vivienne Tay - FRASERS Property Limited and Frasers Centrepoint Trust (FCT), the real estate investment trust (Reit) it sponsors, are raising their stakes in PGIM Real Estate Asia Retail Fund, shortly after making their first round of investments respectively. 
3 days ago
Frasers Property and FCT to raise stakes in PGIM Real Asia Retail Retail Fund
Vivienne Tay - FRASERS Property Limited and Frasers Centrepoint Trust (FCT), the real estate investment trust (Reit) it sponsors, are raising their stakes in PGIM Real Estate Retail Fund, shortly after making their first round of investments respectively. 
3 days ago
Daily Briefing: Temasek in talks to sell 10% stake in A.S. Watson for $3b; Two freehold redevelopment sites in Lavender Street for sale for $47.4m and $12.6m
Staff Reporter - Submitted By:  Staff Reporter Case Study:  No And private equity firm Novo Tellus to acquire 29.6% stake in Procurri for $12m. From Bloomberg: Chinese internet giant Tencent Holdings Ltd. is weighing a bid for part of Temasek Holdings Pte’s stake in global retailer A.S. Watson Group ...
3 days ago
Singapore shares rise at Thursday's open; STI up 0.24% to 3,215.29
Vivienne Tay - SINGAPORE stocks opened stronger on Thursday, with the Straits Times Index rising 0.24 per cent or 7.63 points to 3,212.29 as at 9.04am.
3 days ago
Dovish Fed shift lifts Asian shares, dollar nurses losses
Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains.
3 days ago
Stocks to watch: Frasers Property, ST Engineering, Cache Logistics Trust, Challenger, BM Mobility
Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Thursday:
3 days ago
Does Reebonz’s latest reverse stock-split exercise matter to investors?
Hock Meng Tay - Investors are concerned whether the swings in the stock price are due to a relatively small float or some underlying issue with the overall fundamentals. The post Does Reebonz’s latest reverse stock-split exercise matter to investors? appeared first on DealStreetAsia.
3 days ago
IEV Holdings' former VP files wrongful dismissal claim in Malaysia
Tay Peck Gek - THE former vice-president - operations and commercial of IEV Holdings has filed a wrongful dismissal claim against the company with Malaysia's Department of Industrial Relations.
3 days ago
US fund Elliott battles the odds in latest showdown with Hyundai
The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty special dividend and a board shake-up.
3 days ago
Manhattan Resources: Higher trade, other payables from longer credit terms, accrued expenses
Rachel Mui - AN increase of S$6.7 million in trade and other payables for fiscal year 2018 was mainly due to its subsidiaries securing longer trade credit terms, as well as accrued expenses, the Singapore-listed coal shipping firm said in response to queries by the Singapore Exchange.
3 days ago
Inside the Fed's balance sheet in four charts
The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its US$4 trillion balance sheet by the end of September.
3 days ago
ST Engineering partners BYD for new autonomous bus platform
Michelle Zhu - SINGAPORE (Mar 21): ST Engineering has signed a memorandum of understanding (MoU) with BYD to include the Chinese automobile manufacturer’s electric buses in its Land Systems arm’s portfolio of autonomous bus platforms. This comes as part of ST Engineering’s plans to form a consortium, in res ...
3 days ago
Challenger gets 56 cents delisting offer from founding Loo family and partners
PC Lee - SINGAPORE (Mar 21): Challenger Technologies has received a 56 cents offer for all the shares from the family of founder Loo Leong Thye and its partners to delist the retailer of IT products. Challenger says delisting will provide greater operational flexibility to manage the business, given the com ...
3 days ago
Trump says tariffs on Chinese goods may stay for 'substantial period'
U.S. President Donald Trump said on Wednesday a deal with Beijing to end a trade dispute between the two countries was coming along nicely, with U.S. negotiators poised to be in China next week for more talks.
3 days ago
Standoff over Brexit delay takes UK to edge of no-deal
Bloomberg - LONDON (Mar 21): Theresa May gambled on a desperate bid to get her Brexit deal approved by Parliament, as a standoff with the European Union drove Britain to the brink of an economically disastrous no-deal divorce.  The deadlock over how long to delay the UK’s exit from the EU plunges the countr ...
3 days ago
Levi Strauss valued at US$6.6b as IPO prices above target
Janice Heng - NEW YORK: Levi Strauss & Co said it sold US$623.3 million in shares in its initial public offering (IPO) on Wednesday (Mar 20), as the US jeans manufacturer looks to return to the stock market after 34 years as a family-owned company. With the stock market hovering near all-time highs, Levi priced ...
3 days ago
Levi Strauss valued at US$6.6 billion as IPO prices above target
Janice Heng - Levi Strauss & Co's initial public offering of 36.7 million shares was priced at US$17 per share, above the expected range of US$14 to US$16.
3 days ago
TODAY's morning brief for Thursday, March 21
amanda.eber - 58 min 14 sec ago






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