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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1 day ago
Trump officials pick 'high priority' towns for border wall
DESPITE more than a year of campaign rhetoric about a "big, beautiful wall" spanning the entirety of the southern border, the Trump administration plans to start with a much less ambitious footprint focusing only on the most highly trafficked corridors, according to a Department of Homeland Security planning document.
1 day ago
Demand for nuclear shelters, purifiers surges in Japan
SALES of nuclear shelters and radiation-blocking air purifiers have surged in Japan in recent weeks as North Korea pressed ahead with missile tests in defiance of UN sanctions.
1 day ago
Market ends mixed despite French polls relief
R Sivanithy - MARKETS may have been relieved with the result of the first round of France's presidential election but this was hardly apparent from the way trading in this part of the world went on Monday - the Straits Times Index spent most of the day in the red as it tracked falls in Hong Kong and China while mostly ignoring a triple-digit rise in the Dow futures, eventually closing with a net gain of just 4.2 points at 3,144.03.
1 day ago
Euro jumps, yen drops as French worries abate
THE euro surged and the yen sank on Monday after the first round of France's presidential election turned out in line with opinion polls, settling currency market worries of another systemic political shock from next month's second round.
1 day ago
SMA: Profit guarantees prohibited under medical ethics guidelines
Claire Huang - THE Singapore Medical Association (SMA) says ethical guidelines for the medical profession prohibit profit guarantees involving healthcare services as the financial imperative they impose is incompatible with the guidelines.
1 day ago
Data analytics to shape shipping, says Kuehne + Nagel
Tan Hwee Hwee - DATA analytics will be at the core of the next wave of development in the maritime sector, said Detleft Trefzger, CEO of logistics services provider Kuehne + Nagel on Monday.
1 day ago
Australian player in collaborative workspaces eyes growth in S'pore, Asia
Lynette Khoo - WOTSO, an Australia-based provider of collaborative workspaces, is looking to grow its presence in Singapore and Asia, mainly through joint ventures and franchise arrangements.
1 day ago
Gentle Care buys block of HMC convertible notes
Chai Hung Yin - PRIVATE clinic operator Healthway Medical Corporation (HMC) now has two large shareholders, after Gateway Partners sold off S$15 million in face value of its S$60 million convertible notes to Lippo-linked Gentle Care, at about 20 per cent premium.
1 day ago
Higher rents beef up MIT's Q4 DPU
Nisha Ramchandani - HIGHER rental rates as well as revenue contributions from the first phase of a build-to-suit project for Hewlett-Packard Singapore helped to bolster Mapletree Industrial Trust's (MIT) results for its fourth quarter ended March 31, 2017.
1 day ago
Corporate digest
OFFSHORE services group Ezra will not be paying interest due on April 24 relating to its fixed notes after it filed for Chapter 11 bankruptcy protection in the United States last month as part of restructuring efforts.
1 day ago
Weak medical tourism hits RafflesMed Q1 revenue
Claire Huang - REFLECTING the tepid state of Singapore's medical tourism, private healthcare provider Raffles Medical Group registered a 1.7 per cent year-on-year dip to S$114.9 million in first-quarter revenue, with net profit up just marginally for the three months ended March 31, 2017.
1 day ago
Citic Envirotech wins 2 China projects worth a total of 434m yuan
Nisha Ramchandani - CITIC Envirotech (CEL) has won bids for two projects in China worth some 434 million yuan (S$87.8 million) in total.
1 day ago
HPH Trust flags DPU impact from debt payment plan
Melissa Tan - PORT operator Hutchison Port Holdings (HPH) Trust's plan to pay down HK$1 billion (S$179 million) of debt annually for five years starting this year will take a significant chunk out of its distributions per unit (DPU), said Gerry Yim, chief executive officer of Hutchison Port Holdings Management, the trustee-manager.
1 day ago
Soilbuild Q1 net shrinks 91% to S$0.4m
Leila Lai - NET profits for Soilbuild Construction Group plunged 90.7 per cent from nearly S$4 million to S$0.4 million in the first quarter ended March 31, 2017, the construction company reported on Monday.
1 day ago
Hopes are rising for inclusion of China shares on MSCI
THE chances of MSCI Inc adding China-listed shares to its global index have risen significantly since it proposed to cut the number of companies to be included, investors say, but capital controls and market access snags may still pose a hurdle.
1 day ago
139 Cecil Street put up for sale with S$210m price tag
Kalpana Rashiwala - 139 Cecil Street, which is undergoing a major refurbishment, has been put up for sale with an indicative price of S$210 million on a completed basis.
1 day ago
New NTU sports hall makes waves with innovative timber construction technology
Claudia Chong - THE Nanyang Technological University (NTU) on Monday officially unveiled its new S$35 million sports hall called The Wave, the first large-scale construction project in South-east Asia to use Mass Engineered Timber (MET) - an innovative timber construction technology that reduced on-site manpower for the project by 25 per cent and structural construction time by 33 per cent.
1 day ago
Shanghai property prices expected to stabilise in 2017 as market cools
HOME prices in China's financial hub of Shanghai will remain stable in 2017, as cooling measures have taken some heat out of the market, housing authorities were quoted as saying on Sunday.
1 day ago
Vietnam Bank aims to raise US$700m selling majority stake
THE first Vietnamese bank granted government approval to sell a majority stake to a foreign investor could attract an investment of at least US$700 million.
1 day ago
Citic turns down buyers seeking dollars as bridging finance
CHINESE companies seeking overseas acquisitions increasingly covet offshore dollar funds as capital controls make it hard for even state-controlled investment firms to finance deals with domestic resources.
1 day ago
India now No 2 LPG importer amid drive to use cleaner kitchen fuel
INDIA toppled Japan as the world's second-largest importer of liquefied petroleum gas as Prime Minister Narendra Modi's pledge to provide cooking gas cylinders to the poor and wean them off polluting fuels, drove up consumption.
1 day ago
29 Chinese steel firms get licences revoked over violations
TWENTY-NINE Chinese steel firms have had their licences revoked as a result of long-term production suspensions or failing to comply with state capacity and pollution requirements, China's industry ministry said on Monday.
1 day ago
Hedge funds flee to gold for life raft as dollar ship sinks
THERE'S no stopping the gold bulls.
1 day ago
UK utilities hit after Tories pledge to cap energy prices
BRITAIN'S ruling Conservative Party said it would cap domestic energy prices if it retained power in an election in June, targeting an industry it accuses of not working properly and sending shares in the leading providers down sharply.
1 day ago
Trump to sign new executive orders on environment, energy
US President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment, which would make it easier for the United States to develop energy on and offshore, a White House official said on Sunday.
1 day ago
New iPhone puts blue spotlight on Japan OLED screen suppliers
THE iPhone's success has transformed the fortunes of dozens of suppliers, from glass manufacturers to the maker of robots that cut metal cases.
1 day ago
Waymo urges judge to bar Uber engineer from robocar project
WAYMO says that it has uncovered new evidence that Uber Technologies Inc took and copied its trade secrets, and urged a judge to bar the head of the ride-hailing company's driverless car programme from continuing to work on the project.
1 day ago
China's TCL Corp urges Trump to allow US tech acquisitions
TCL Corp chairman Li Dongsheng said the Chinese electronics giant is in the final stages of making an investment in a US technology company that would be worth as much as US$300 million and urged President Donald Trump's administration to allow him to seal the deal.
1 day ago
Jack Ma sees more pain as Internet upends economy
ALIBABA Group Holding Ltd chairman Jack Ma said society should prepare for decades of pain as the Internet disrupts the economy.
1 day ago
Google cash cow thrives below the search bar
BEFORE Sergey Brin and Larry Page founded Google, they wrote a research paper as doctoral students at Stanford University in which they questioned the appropriateness of advertisements on search engines.
1 day ago
Philips posts sevenfold jump in profits in Q1
DUTCH electronics giant Philips on Monday posted a sevenfold leap in first quarter profits after spinning off its lighting business last year.
1 day ago
Sony surges as analysts say profit may reach highest since 1998
SONY Corp shares jumped the most in almost three months after the company's better-than-projected preliminary earnings boosted analyst confidence in its ability to hit the highest profit levels in almost two decades.
1 day ago
South Africa winemakers on quest for quality and prestige
LOOKING out at his 50-hectare estate in a valley nestled below the Helderberg mountains, winemaker Ken Forrester beams with pride in his achievements over 20 years in the business.
1 day ago
Singapore first Asian port to go paperless with e-certs
Syarafana Shafeeq - THE Port of Singapore will become the first in Asia to go paperless with regulatory documents, with the signing of a memorandum of understanding (MOU) to promote the use of e-certificates.
1 day ago
Dealers cut prices of commercial vehicles ahead of COE quota surge
COMMERCIAL vehicle prices are set to tumble along with the six-time surge in certificate of entitlement (COE) supply for vans, trucks and buses.
1 day ago
Express Scripts says Anthem unlikely to renew contract; shares sink
Today - Pharmacy benefit manager Express Scripts Holding Co said on Monday its PBM contract with major customer Anthem Inc was unlikely to be extended following its expiration in late 2019. Shares of the largest U.S. pharmacy benefit manager (PBM) fell...