2 days ago
15 new Covid-19 infections in Singapore, including 6 imported cases and 2 in the community
michelle.lee -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Former MOM employee pleads guilty to repeatedly abusing maid, who climbed down 15 floors to escape
maria.almenoar -
2 days ago
MYP to sell ABI Plaza for S$200m to CapitaLand fund entity
Fiona Lam - REAL estate investment firm MYP, which is controlled by Indonesian billionaire Tahir's family, on Monday announced it plans to sell ABI Plaza in Tanjong Pagar for S$200 million.
2 days ago
Airbus Zephyr drone broke up because of unstable weather conditions - ATSB
Claudia Tan - SYDNEY: An Airbus SE high-altitude surveillance and communications drone broke up in flight after its launch in September 2019 because of unstable weather conditions, the Australian Transport Safety Bureau (ATSB) said on Monday. It was the second consecutive failed flight for the Zephyr programme .. ...
2 days ago
Cleveland-Cliffs to buy US assets of ArcelorMittal for about US$1.4 billion
Claudia Tan - REUTERS: Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, said on Monday it had agreed to buy the U.S. assets of world's largest steelmaker ArcelorMittal SA for about US$1.4 billion. The deal follows a push among steelmakers to consolidate and diversify their business, making ...
2 days ago
Singapore residents can report residential address change online from Oct 1
michelle.lee -
2 days ago
Number of workplace deaths in first half of 2020 similar to past 2 years despite reduction in activities due to Covid-19
kenneth.cjw -
2 days ago
New fleet of 40 trains for North-South, East-West lines by 2024
michelle.lee -
2 days ago
Investors swamp IPO for K-Pop band BTS management label, prices at top of range
Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering (IPO) at the top of its range on Monday (Sep 28), as hopeful buyers chased South Korea's largest listing in three years.
2 days ago
Most executives seek work-life balance after experiencing COVID-19 pandemic blues: Survey
Claudia Tan - Nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to re-evaluate and improve work-life balance, a survey showed on Monday.
2 days ago
‘Buy’ UG Healthcare on the expectation of 50x higher profits: CGS-CIMB
Lim Hui Jie - CGS-CIMB analyst Ong Khang Chuen says he “remains positive” on UG Healthcare (UGHC) as he believes the global shortage of gloves will persist till at least end 2021, given the “gravity” of the Covid-19 outbreak. On the back of continued demand for gloves due to the acceleration of the pandem ...
2 days ago
Most executives seek work-life balance after experiencing pandemic blues: survey
Claudia Tan - Nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to re-evaluate and improve work-life balance, a survey showed on Monday.
2 days ago
Wilmar's China unit IPO passes 13.9b yuan mark amid oversubscription of shares
Uma Devi - THE long-awaited initial public offering (IPO) of Wilmar International's China unit, Yihai Kerry Arawana (YKA), has successfully raised about 13.93 billion yuan (S$2.81 billion) after the close of applications on Sept 25, said the company in a bourse filing.
2 days ago
Japanese chipmaker Kioxia shelves US$3.2 billion IPO amid US-China tensions
Claudia Tan - TOKYO: Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, on Monday shelved plans for what would have been Japan's largest initial public offering (IPO) this year, as U.S-China tensions cloud the global chip market. Kioxia, previously known as Toshiba Memory, had planned . ...
2 days ago
Food Empire's coffee empire is gradually strengthening as lockdown measures ease
Samantha Chiew - The Covid-19 pandemic is slowly improving in some countries, with lockdown measures easing and market activities resuming. This is apparent in coffee products manufacturer and distributor Food Empire’s core markets in Russia and Ukraine. This means an improvement in mobility trends at shops and th ...
2 days ago
LTA buys 40 more trains from Bombardier Transportation for around S$337.8m
Rachel Chia - SINGAPORE'S Land Transport Authority (LTA) has purchased another 40 trains from Bombardier Transportation for S$337.8 million as part of the long-term fleet renewal programme for the North-South and East-West Lines (NSEWL).
2 days ago
LTA buys 40 more trains from Bombardier Transportation for S$337.8m
Rachel Chia - SINGAPORE'S Land Transport Authority (LTA) has purchased another 40 trains from Bombardier Transportation for S$337.8 million as part of the long-term fleet renewal programme for the North-South and East-West Lines (NSEWL).
2 days ago
SoftBank brings food service robot to labour-strapped Japan
SoftBank's robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and seek to ensure social distancing during the COVID-19 pandemic.
2 days ago
UOB Kay Hian lowers earnings estimates, target price for Keppel Corp despite $200 mil contracts
Felicia Tan - UOB Kay Hian analyst Adrian Loh has maintained his “buy” rating on Keppel Corporation on September 23, a day after Keppel Offshore & Marine (O&M) reported that it has scored two contracts worth a total of $200 million. See: Keppel O&M secures two contracts worth a total of ...
2 days ago
Lawyer who pocketed S$32,000 in legal fees from 15 clients gets more than 2 years’ jail
kenneth.cjw -
2 days ago
Indonesia unions threaten strike over government's labour reforms
Claudia Tan - JAKARTA: Indonesian trade unions threatened on Monday (Sep 28) to stage a national strike next month after a committee in parliament agreed to move ahead with proposed labour reforms in President Joko Widodo's controversial "Job Creation" Bill. Global investors are watching the Bill closely to see . ...
2 days ago
Sell the day and go away? US stock returns come overnight
Claudia Tan - Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks.
2 days ago
Malaysia's Aug exports drop 2.9% y/y, worse than forecast
tdyadmin -
2 days ago
PayNow banks raise default limit to S$5,000 for ad-hoc transactions
Vivienne Tay - THE Association of Banks in Singapore (ABS) said on Monday that all nine participating PayNow banks will now allow ad-hoc transactions up to S$5,000, allowing customers a wider scope of payments to merchants and friends.
2 days ago
PayNow banks raise default limit to at least S$5,000 for ad-hoc transactions
Vivienne Tay - THE Association of Banks in Singapore (ABS) said on Monday that all nine participating PayNow banks will now allow ad-hoc transactions of at least S$5,000, allowing customers a wider scope of payments to merchants and friends.
2 days ago
K-Pop group BTS' label Big Hit Entertainment prices IPO at top of range
Claudia Tan - Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its upcoming initial public offering (IPO) at 135,000 won (US$114.99) per share, it said in a regulatory filing on Monday.
2 days ago
URA restricts re-issue of Option to Purchase for same unit
Rachel Mui - THE Urban Redevelopment Authority (URA) has restricted the re-issuing of the Option to Purchase (OTP) to buyers of the same unit.
2 days ago
EV maker Xpeng plans new plant with local government financing
Claudia Tan - Electric vehicle maker Xpeng Inc said on Monday it would start building a new car plant in China's southern city of Guangzhou with 4 billion yuan (US$590 million) in financing from the local government.
2 days ago
Deal activity in Asia outperforms Europe and US with surprise blockbuster sales spree
Bloomberg - After the Covid-19 pandemic pulled down the curtain on dealmaking in the first half of the year, an unexpected bright spot emerged in the third quarter: Asia. At US$390 billion ($536.84 billion), deal activity in Asia Pacific in the third quarter is already at a record, according to data compiled by ...
2 days ago
US judge blocks Trump administration TikTok app store ban
A U.S. judge in Washington has temporarily blocked a Trump administration order banning Apple Inc and Alphabet Inc's Google from offering Chinese-owned short video-sharing app TikTok for download that was set to take effect at 11:59 p.m. Sunday.
2 days ago
SPH, News Corp Australia to bring digital marketing service for SMEs to Singapore
Rachel Chia - SINGAPORE Press Holdings (SPH) and News Corp Australia (NCA) have signed a three-year partnership to bring NCA's digital marketing service, News Xtend, to Singapore, the companies said in a joint statement on Monday.
2 days ago
What Trump's taxes are reported to show
Claudia Tan - WASHINGTON: President Donald Trump has relied on heavy losses across his business empire to help nearly erase his federal income tax bill, according to a report on Sunday (Sep 27) from the New York Times. Citing previously unseen tax-return data going back over 20 years, the New York Times shed ...
2 days ago
Judge to rule whether Uber deserves new London licence
A judge is set to tell Uber on Monday whether it has won back its London operating licence after it was removed over safety concerns, the latest stage of a long-running battle with the regulator in one of its most important markets.
2 days ago
China must prepare for 'long tech march' following US restrictions on SMIC: Global Times
Claudia Tan - China must engage in a new "long march" in the technology sector now that the U.S. has imposed export restrictions on Semiconductor Manufacturing International Corp, the country's largest chip manufacturer, Chinese state-backed tabloid the Global Times wrote on Sunday.
2 days ago
Hot stock: Medical-device maker Vicplas falls 30% after board trims dividend
Fiona Lam - SHARES of Vicplas International, which makes medical devices and pipes, tumbled on Monday morning despite the mainboard-listed firm announcing that its bottom line had improved for the financial year ended July 31.
2 days ago
COVID-19 pandemic deals 'crushing blow' to struggling Kashmir tourism
Claudia Tan - SRINAGAR: When Kashmir went into a coronavirus lockdown in March, tourism in the Indian-administered territory had already been hobbled by eight months of tight security restrictions that New Delhi imposed after revoking the region's semi-autonomous status. Now hoteliers, taxi drivers and others ...