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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2 days ago

Forecasters unanimous: US-China trade war bad for economy - Reuters Poll

Andrew Hammond - The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy.

2 days ago

Mapletree Logistics Trust prices S$375m placement at S$1.21 apiece near cheap end of talk

Leila Lai - MAPLETREE Logistics Trust (MLT) has completed its private placement that was launched on Wednesday and will issue about 309.9 million new units at an issue price of S$1.21 per new unit to raise S$375 million, the trust said in a Singapore Exchange (SGX) filing on Thursday.

2 days ago

Mapletree Logistics Trust issues 309.9m units at S$1.21 apiece, plans advanced distribution

Leila Lai - MAPLETREE Logistics Trust (MLT) has completed its private placement that was launched on Wednesday and will issue about 309.9 million new units at an issue price of S$1.21 per new unit, the trust said in a Singapore Exchange (SGX) filing on Thursday.

2 days ago

Keppel Land unit takes 40% stake in Nanjing residential project for 1.4b yuan

Vivien Shiao - KEPPEL Corp's China real estate unit is buying a 40 per cent stake in the development of a prime residential site in Nanjing, China, for about 1.41 billion Chinese yuan (S$283 million).

2 days ago

mm2 Asia conducts strategic review, exploring possibility of foreign listing

Michelle Zhu - SINGAPORE (Sept 20): mm2 Asia, whose CEO Chang Long Jong is on The Edge Singapore's cover this week, has appointed Haitong International Securities to conduct a strategic review of the group’s businesses. Through the review process, mm2 aims to enhance its corporate profile, branding and market aw ...

2 days ago

Ascott Reit buys prime greenfield site for S$62.4m to build first co-living property in one-north

Leila Lai - ASCOTT Residence Trust (Ascott Reit) has acquired a prime greenfield site at Nepal Hill in Singapore's research and innovation business hub one-north for S$62.4 million, the company announced on Thursday morning.

2 days ago

Alibaba's Jack Ma says can't meet promise to create 1 million US jobs

Reuters - SAN FRANCISCO (Sept 20): Alibaba Chairman Jack Ma said the company can no longer meet its promise to create one million jobs in the United States due to US-China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma had met US President Donald Trump two years ago and laid out the Chin ...

2 days ago

Keppel in JV with China's Gemdale to develop prime residential site in Nanjing

Michelle Zhu - SINGAPORE (Sept 20): Keppel Land China, the wholly-owned subsidiary of Keppel group’s property arm, Keppel Land, has formed a joint venture with Gemdale Corporation to develop an 8.8 hectare prime residential site in Nanjing, China.  Through a share purchase agreement (SPA) signed with Gemdale’ ...

2 days ago

Ascott REIT to build 324-unit coliving property at $62.4 mil one-north site

PC Lee - SINGAPORE (Sept 20): Ascott Residence Trust (Ascott REIT) has acquired a prime greenfield site at one-north for $62.4 million to build its first co-living property. To be named lyf one-north Singapore, the property will offer 324 units. It is slated to achieve Temporary Occupation Permit by 2020 and ...

2 days ago

Facebook building a 'war room' to battle election meddling

Andrew Hammond - Facebook on Wednesday said it will have a "war room" up and running on its Silicon Valley campus to quickly repel efforts to use the social network to meddle in upcoming elections.

2 days ago

Chart of the Day: Flexible workspace operators doubled their average lease size to 26,579 sq ft in 2018

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No They leased just about 11,780 sq ft on average in 2015. This chart from Colliers International shows that average location size leased by flexible workspace operators in Singapore inched up since 2015. The 2018 YTD average size leased is ...

2 days ago

Daily Briefing: Ministerial pay computation unveiled amidst falsehood claims; Better pay awaits lift technicians

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No And a CBD shophouse is up for sale at $13.8m. From Human Resources Online: State-run website Factually cleared out the myths on ministerial pay computation amidst several falsehoods claims on pay transparency. One of the oft discussed topics ...

2 days ago

Trump intends to nominate ex-Fed economist Liang for Fed board seat: White House

Andrew Hammond - WASHINGTON: U.S. President Donald Trump intends to nominate former Federal Reserve economist Nellie Liang to the U.S. central bank’s board of governors, the White House said on Wednesday. Earlier, two White House officials speaking on condition of anonymity told Reuters that Liang has a strong ...

2 days ago

Google Mini captures top spot in connected speaker market: Survey

Andrew Hammond - WASHINGTON: Google Home Mini has vaulted to the top spot in the global market for connected speakers, edging out a rival device from Amazon, a survey showed Wednesday (Sep 19). The Strategy Analytics report for the second quarter of 2018 showed the smallest device from Google captured 20 per cent .. ...

2 days ago

Canada PM urges some US flexibility in NAFTA, talks seen slow

Andrew Hammond - Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.

2 days ago

TODAY's morning brief for Thursday, Sept 20

jeremylee - 23 hours 17 min ago

2 days ago

Trump nominates ex-Fed economist Liang for Fed board seat: officials

Andrew Hammond - U.S. President Donald Trump is set to nominate former Federal Reserve economist Nellie Liang to the central bank’s board of governors, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.

2 days ago

Waterloo Apartments up for sale at S$115m

Leila Lai - WATERLOO Apartments at 64 Waterloo Street is the latest site to be put up for collective sale, and the first one with outline planning permission for hotel use, marketing agent Cushman & Wakefield said in a press statement on Wednesday.

2 days ago

China will not resort to massive stimulus, yuan devaluation: PM Li

Virginie Mangin - CHINA will not resort to a massive stimulus as it did in 2008 to boost its economy, Prime Minister Li Keqiang said in his opening speech at the summer edition of the World Economic Forum held in Tianjin on Wednesday.

2 days ago

BT's video series looks at growth of e-payments

Lim Li Shian - FORGET your cash and credit cards.

2 days ago

MAS warns of second site soliciting Bitcoin investments

Nisha Ramchandani - THE Monetary Authority of Singapore (MAS) has warned of a second fraudulent website that has been soliciting investments in Bitcoins, using fabricated comments attributed to MAS chairman and Deputy Prime Minister Tharman Shanmugaratnam.

2 days ago

Trump has put the US and China on the cusp of a new cold war

Mark Landler - PRESIDENT Donald Trump is confident that the United States is winning its trade war with China. But on both sides of the Pacific, a bleaker recognition is taking hold: The world's two largest economies are in the opening stages of a new economic Cold War, one that could persist well after Mr T ...

2 days ago

The economy and its impact on US voters

Leon Hadar - WHEN political strategist James Carville coined the phrase "It's the economy, stupid!" as the theme of Bill Clinton's successful 1992 presidential campaign against sitting president George H W Bush, he echoed the view of the majority of American political scientists, that the co ...

2 days ago

Diverse board crucial in fast-changing world: Bloomberg

Janice Heng - TO stay nimble in today's complex, fast-changing environment, companies need diverse boards to inform their decision-making, says Bloomberg chairman Peter Grauer.

2 days ago

Mastercard inks global sponsorship deal with world's largest e-sport

Wong Kai Yi - GLOBAL payments company Mastercard announced on Wednesday it has signed a multi-year global sponsorship deal with video game developer Riot Games to become the first global sponsor for computer game League of Legends, touted as the largest e-sport in the world.

2 days ago

4Fingers acquires 50% stake in Aussie brand Mad Mex

Vivien Shiao - SINGAPORE fried chicken chain 4Fingers announced that it has acquired a 50 per cent stake in Mad Mex Fresh Mexican Grill (Mad Mex), an Australian brand of Mexican eateries, for an undisclosed sum.

2 days ago

Cooling measures make it harder to clear new housing stock: Redas

Yunita Ong - THE nearly 46,000 private residential units that could become available for sale in 2019 and 2020 would take about five years to be absorbed by the market - and this is barring unforseen circumstances.

2 days ago

DBS ramps up project finance deals on Asia infrastructure

Siow Li Sen - DBS Bank is beefing up its project finance team to get a share of Asia's huge infrastructure development needs.

2 days ago

Singapore among best Asian cities for technology companies: report

Leila Lai - SINGAPORE is the second-best city for technology companies looking to establish or expand operations in Asia, according to a report published on Wednesday by real estate services and investment management company Colliers International.

2 days ago

Synthetic identity fraud: Exposing the modern-day Frankenstein monster

Alisdair Faulkner - WHO are these Frankenstein monsters walking silently in our midst? Like Mary Shelley's original character, they are made up of parts of real people.

2 days ago

Are there risks to having too many Jardine units in the STI?

Annabeth Leow - WHEN Dairy Farm International joins the Straits Times Index (STI) on Sept 24 at the expense of StarHub, it will be the second index reshuffle this year, following Venture Corp's replacement of Global Logistic Properties in January.

2 days ago

Straits Trading expands into logistics sector in Australia

Lee Meixian - THE Straits Trading Company (STC) is expanding its presence Down Under by setting up a joint venture with Australian property development and investment management business Commercial & General to develop, own and manage logistics properties and ancillary business space.

2 days ago

SGX-listed Geo Energy eyes dual primary listing in Hong Kong

Anita Gabriel - SINGAPORE-LISTED Indonesian coal miner Geo Energy Resources has set its heart on a dual primary listing on the Hong Kong Stock Exchange (HKEX), hoping that its stock may be rewarded with better liquidity and improved valuation.

2 days ago

Nicholas Chua moves up to deputy CEO at Ho Bee

Kenneth Lim - HO Bee Land has promoted group director of business development Nicholas Chua to the role of deputy chief executive and appointed executive director Ong Chong Hua to the additional role of chief operating officer.

2 days ago

Alliance Mineral puts dual listing plans on hold

Leila Lai - ALLIANCE Mineral Assets has shelved plans to seek a dual listing as a merged entity with Tawana Resources on the Australian Securities Exchange (ASX), the mining company said in a Singapore Exchange (SGX) announcement on Wednesday. Alliance will remain listed on the SGX.

2 days ago

SembMarine to build a dozen LNG-hybrid tugs to replace existing diesel-powered ones

Tan Hwee Hwee - YARD group Sembcorp Marine is investing in a fleet of liquefied natural gas (LNG)-hybrid powered tugs, which would allow its operations to comply with emission targets being rolled out by the International Maritime Organization, the industry's overarching regulatory body.