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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5 days ago

Car dealer jailed for cheating 17 customers of S$900,000; credit company repossessed cars already handed over to buyers

michelle.lee -

5 days ago

Brokers' take: JPMorgan moves ST Engg to 'overweight' with S$4.80 target price

Ong Sing Yee - JPMORGAN said in a Thursday report that it would be moving ST Engineering (STE) to an "overweight" rating and a December 2021 price target of S$4.80. Previously, STE was not rated by the investment banking and financial services group.

5 days ago

26 new Covid-19 infections in Singapore, all imported

michelle.lee -

5 days ago

More healthcare providers, doctors should be on insurers' panels: Case

Vivienne Tay - THE Consumers Association of Singapore (Case) is of the view that there should be more healthcare providers or doctors on insurers' panels, so as to give consumers more choices.

5 days ago

Singapore banks on recovery path, PhillipCapital picks OCBC for faster earnings growth

Jovi Ho - With a positive economic outlook, PhillipCapital is maintaining “overweight” on the Singapore banking sector, as loans remain on the path of recovery and interest rates are stable.  In an April 5 note, PhillipCapital analyst Tay Wee Kuang is maintaining his calls on the three banks: “accu ...

5 days ago

Brokers' take: CGS-CIMB upgrades SIA Engg to 'add' on expected rise in travel

S Priyashini - CGS-CIMB has upgraded SIA Engineering Company (SIAEC) to "add" from "hold" previously, citing potential border reopenings and pent-up travel demand that may contribute to the orderly opening of Changi Airport by September 2021.

5 days ago

84 arrested in 31-day anti-vice operation

michelle.lee -

5 days ago

Hot stock: Mercurius up 12.3% after proposal to acquire Malaysia grocery businesses

Ng Ren Jye - SHARES of Mercurius Capital Investment rose 12.3 per cent on Friday, after the Catalist-listed firm proposed to acquire 10 grocery businesses in Malaysia for S$36 million.

5 days ago

Identity of dead man found at sea near Tuas shipyard remains unknown: Coroner

kenneth.cjw -

5 days ago

Four shophouses in districts 1 and 2 put on the market

Ong Sing Yee - FOUR shophouses in Singapore's central business district, including two at Tanjong Pagar, one at Telok Ayer and another at Pagoda Street, have been put up for sale by sole marketing agent ERA Realty Network.

5 days ago

DBS to cut office space in MBFC

Bloomberg - DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. Southeast Asia’s largest bank plans to surrender about two and half floors, or 75,000 square feet, in Tower 3 of the Marina Bay Financial Ce ...

5 days ago

China's consumer and factory prices rise in March

Genevieve Cua - BEIJING: Factory prices in China climbed further in March, growing at the fastest pace in more than two years, official data showed on Friday (Apr 9), backed by a rise in commodity prices and the country's economic recovery from Covid-19. The producer price index (PPI), which measures the cost of .. ...

5 days ago

UOB's finance head Eric Lim named chief sustainability officer

Lisa Kriwangko - UOB has appointed Eric Lim as its first chief sustainability officer (CSO) to lead a dedicated corporate sustainability office focused on achieving the bank's green goals.

5 days ago

UOB appoints Eric Lim as its first Chief Sustainability Officer

Atiqah Mokhtar - United Overseas Bank (UOB) has appointed Eric Lim as its first Chief Sustainability Officer (CSO), the bank announced in a news release dated April 9. Lim will lead a dedicated Corporate Sustainability Office and focus on achieving the bank’s sustainability objectives, with the role reporting ...

5 days ago

Commentary: The incredible rise of Forrest Li, modest founder of Singapore’s most valuable listed company

For a very long time, Forrest Li has been somewhat of a mysterious figure unless you’re a gaming enthusiast or in the investing and start-up community. But that is now changing, says David Kuo.

5 days ago

Singapore stocks open slightly higher on Friday; STI up 0.1%

Ong Sing Yee - SINGAPORE shares opened slightly higher on Friday, after recent meeting minutes from the Federal Open Market Committee bolstered expectations the US central bank will maintain its dovish monetary stance.

5 days ago

Mercurius proposes acquisition of 10 Malaysian grocery businesses

Lisa Kriwangko - CATALIST-LISTED Mercurius Capital Investment on Friday morning announced a proposed acquisition of 10 groceries businesses in Malaysia for S$36 million.

5 days ago

Mercurius share price jumps 20% on news to acquire Malaysia grocery businesses for $36 mil

Atiqah Mokhtar - Catalist-listed Mercurius Capital Investment's share price has jumped 20% following its announcement on April 9 that it has entered into a legally binding term sheet with seven individuals to acquire 10 grocery businesses in Malaysia for $36 million. Under the term sheet, Mercurius will acquire the ...

5 days ago

Stocks to watch: Keppel, Frasers Hospitality Trust, Top Glove

S Priyashini - THE following companies saw new developments that may affect trading of their securities on Friday:

5 days ago

FLCT to join STI from April 13, replacing Jardine Strategic

Atiqah Mokhtar - The manager of Frasers Logistics & Commercial Trust (FLCT) has announced that the REIT will join the Straits Times Index (STI) from April 13. The inclusion of FLCT into the STI, which tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX), follows the removal ...

5 days ago

Hiring and wage outlook improves after pandemic-hit year

Sharon See - As vaccines are rolled out and economies open up, can employees in Singapore and the region look forward to higher salaries? Money Mind takes a closer look.

5 days ago

Fortnite maker and Apple duel in filings as App Store trial nears

SAN FRANCISCO: Epic Games and Apple duelled on Thursday (Apr 8) in legal filings ahead of a trial over whether to break the iPhone maker's tight grip on the App Store. Epic, the maker of the massively popular Fortnite game, accused Apple of trapping people in its mobile device world and collecting ...

5 days ago

Frasers Logistics & Commercial Trust will join STI, replacing Jardine Strategic

Leslie Yee - FRASERS Logistics & Commercial Trust (FLCT) will join the FTSE Straits Times Index (STI) on April 13.

5 days ago

OrderEZ's way to end-to-end management

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No How this F&B management platform startup is helping businesses to save time, and sell more. Fed up with the complexity of management solutions available at that time, OrdezEZ founders Andrew Creswick and Jeffrey ...

5 days ago

HDB resale volume soared by 25.6% in March

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Resale prices have continued their ninth straight month of increases. HBD resale volumes in March saw a massive increase. According to the latest SRX report, a total of 2,448 HDB transactions were recorded over t ...

5 days ago

Singaporeans ‘optimistic' about getting back to travel: report

Staff Reporter - Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No 71% feel “more hopeful” amidst theCOVID-19 vaccine rollout, and potential for air travel bubbles. Singaporean travellers are finally starting to see light at the end of the tunnel with the rollout of ...

5 days ago

Facebook, Instagram, WhatsApp hit by outage

Vivienne Tay - Facebook's platforms including WhatsApp, Messenger and Instagram were down for thousands of users on Thursday (Apr 8), according to outage tracking website Downdetector.com.

5 days ago

Facebook services down for thousands of users: Downdetector

Vivienne Tay - Facebook's platforms including WhatsApp, Messenger and Instagram were down for thousands of users on Thursday (Apr 8), according to outage tracking website Downdetector.com.

5 days ago

Commentary: Latest Facebook data breach reveals troubling implications for users

When your personal data is leaked, chances are you don’t even get an alert but this is exactly why users need to know how to protect themselves, says a computing professor.

5 days ago

Biden seeks a new view of infrastructure, far beyond asphalt

Vivienne Tay - President Joe Biden is giving himself lots of latitude when he defines infrastructure for the purpose of spending money on it. It’s not just steel, but home health care workers. Not just excavating dirt, but building “dignity".

5 days ago

Top Glove says it's 'near' to best practices

Uma Devi - AFTER a spate of labour issues including poor accommodation and forced labour led to a ban on its gloves in the United States, Top Glove said it is now "coming near the best practices in the industry" after significant improvements.

5 days ago

Building and construction stocks surge in anticipation of recovery

RAE WEE - THE local construction industry is still reeling from the aftermath of Covid-induced lockdowns last year. But investors have already begun to look forward to an earnings recovery on the back of a rebound in demand - both locally and abroad.

5 days ago

Lendlease appoints new Asia chief executive based in Singapore

Vivienne Tay - SYDNEY-BASED Lendlease, which manages Singapore-listed Lendlease Global Commercial Reit, has appointed Justin Gabbani as its Asia chief executive, effective June 1.

5 days ago

Tuan Sing launches phase one of Opus Bay project in Batam

Lisa Kriwangko - TUAN Sing Holdings has launched the first phase of Opus Bay, its township project in Batam, Indonesia.

5 days ago

Covid vaccine: The corporate strategy

DR LOW KIANG WEI - AS vaccines for Covid-19 are approved, distributed and administered around the world, the role of employers in encouraging and supporting vaccine uptake is becoming more complex and nuanced.

5 days ago

UK cautiously eases lockdowns, slowly returns to normal

Neil Behrmann - THE British government is cautiously relaxing lockdowns to help normalise living and to give the battered economy a much needed boost.