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.






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