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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3 days ago
EXCLUSIVE: New oBike investor says he wants to clear debt, but repayment to S’pore users stalls
amanda.eber - Cynthia Choo and Kenneth Cheng34 min 44 sec agoSINGAPORE — Embattled bicycle-sharing company oBike has a new majority shareholder wh
3 days ago
China's top trade negotiator to visit US
Anita Gabriel - China's top trade negotiator will travel to the United States for talks later this month ahead of a March deadline to avoid bruising tariff hikes, the commerce ministry said Thursday.
3 days ago
Keppel's Alpha Asia Macro Trends Fund III raises about US$1.1 bil at final close
PC Lee - SINGAPORE (Jan 17): Alpha Investment Partners, the private fund management arm of Keppel Capital Holdings, said its Alpha Asia Macro Trends Fund (AAMTF) III, raised a total of about US$1.1 billion ($1.5 billion) at its final close, exceeding its initial target of US$1.0 billion. The fund garnered a ...
3 days ago
Hitachi freezes British nuclear project, books US$2.8 billion hit
Anita Gabriel - Japan's Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen (US$28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen (US$2.75 billion) on its British nuclear unit.
3 days ago
Singapore stocks close 0.5% lower on Thursday
Leila Lai - SINGAPORE stocks closed lower on Thursday, with the Straits Times Index down 0.5 per cent or 14.67 points to 3,214.44.
3 days ago
Explainer: Why Singapore’s exports fell 8.5% in Dec, and why it matters
amanda.eber - Victor Loh17 min 8 sec agoSINGAPORE — Economists had expected Singapore’s non-oil domestic exports (Nodx) to ri
3 days ago
Sias chief calls for answers as Hyflux debt revamp drags on
Marissa Lee - INVESTORS looking forward to Hyflux's second round of townhall meetings on Friday may have to wait a little longer before a detailed survival plan is laid out.
3 days ago
Western Union launches co-located money transfer services at Singapore worker dormitories
Michelle Zhu - SINGAPORE (Jan 17): Western Union has partnered Travelex, an independent foreign exchange (forex) and remittance business, to co-locate its money transfer services within five worker dormitories at Simpang, Mandai, Choa Chu Kang, Penjuru and Jalan Papan.   With the addition of Travelex locations, ...
3 days ago
Asian markets mixed as Huawei report offsets US earnings
Lee Meixian - Asian markets were mixed Thursday as renewed concerns about China-US tensions overshadowed a positive lead from Wall Street following a better-than-expected round of corporate earnings.
3 days ago
To avoid bankruptcy, opposition leader Lim Tean submits cheques to repay loan
amanda.eber - Faris Mokhtar30 min 16 sec agoSINGAPORE – To avoid being made a bankrupt, opposition party leader Lim Tean submitte
3 days ago
Ghosn appeals against Japan bail rejection
Lee Meixian - Lawyers for former Nissan boss Carlos Ghosn on Thursday appealed against a decision by a Tokyo court to refuse him bail, as he faces charges on three counts of financial misconduct.
3 days ago
British Lotus cars to be 'Made in China' at new Geely plant: Documents
Lee Meixian - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan (US$1.3 billion) factory in Wuhan city, company job advertisements and government documents showed.
3 days ago
Singapore wage growth to cool but strong hiring for new tech jobs to continue: Randstad report
Nisha Ramchandani - SINGAPORE'S strong wage growth in 2018 may moderate this year amid uncertainties in the global economy but certain sectors are still likely to boost headcount, a report said.
3 days ago
Singapore wage growth to cool but strong hiring in some sectors to continue: Randstad report
Nisha Ramchandani - THE strong wage growth experienced in 2018 may moderate this year amid uncertainties in the global economy but certain sectors are still likely to boost headcount, a report said.
3 days ago
Frasers Commercial Trust: In talks with various prospective tenants to lease space at Alexandra Technopark
Ng Ren Jye - FRASERS Commercial Trust (FCOT) is in discussions with various prospective tenants to lease space at Alexandra Technopark, its manager said in response to <em>The Business Times</em> article which said <a href="https://www.businesstimes.com.sg/real-estate/google-in-talks-for-400 ...
3 days ago
S&P assigns Swiss biotech Lonza BBB+ credit rating with stable outlook
Ann Williams - SWISS biotech Lonza Group announced on Thursday afternoon that Standard & Poor's (S&P) has assigned it a BBB+ credit rating with stable outlook.
3 days ago
Singtel, Ericsson and Singapore Polytechnic open Singapore’s first live 5G facility
Ng Ren Jye - SINGTEL, Ericsson and Singapore Polytechnic (SP) have launched on Thursday Singapore’s first live 5G facility at the polytechnic's Dover Road campus.
3 days ago
China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll
Annabeth Leow - China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.
3 days ago
Singapore stocks: STI resumes Thursday afternoon at 3,222.15, down 0.22% on day
Leila Lai - SINGAPORE stocks fell on Thursday afternoon's trading resumption, with the Straits Times Index declining 0.22 per cent or 6.96 points to 3,222.15 as at 1.03pm.
3 days ago
Hawkers to receive same-day NETS sales proceeds
Vivien Shiao - SINGAPORE: Hawkers will be able to receive NETS sales proceeds into their bank accounts on the same day of the transaction from Thursday (Jan 17), said NETS in a news release. This initiative will be available to hawkers at hawker centres, canteens and coffee shops. According to the e-payment ...
3 days ago
Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents
Vivien Shiao - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan (US$1.3 billion) factory in Wuhan city, company job advertisements and government documents showed.
3 days ago
UOBAM upbeat about first-quarter Singapore earnings, US equities
Ng Ren Jye - FUNDAMENTAL indicators are pointing to a positive investment outlook in 2019, UOB Asset Management (UOBAM) said in a media statement on Thursday.
3 days ago
UOBAM upbeat about first-quarter Singapore market earnings, US equities
Ng Ren Jye - FUNDAMENTAL indicators are pointing to a positive investment outlook in 2019, UOB Asset Management (UOBAM) said in a media statement on Thursday.
3 days ago
Global effects of shareholder activism to be felt more than ever in the year ahead: JP Morgan
Michelle Zhu - SINGAPORE (Jan 17): With  potentially volatile stock prices on the horizon, the impact of activists and shareholder activism – now permanent features of global capital markets – will be felt more than ever in 2019, says JP Morgan. See: A different notion of shareholder activism See: Minority r ...
3 days ago
Over half of SMEs in Singapore have experienced a cyber error or attack last year: poll
Nisha Ramchandani - SOME 56 per cent of small and medium enterprises (SMEs) in Singapore have experienced a cyber error or attack in the last 12 months, a survey has found, flagging a significant perception gap between cyber risk and how prepared SMEs are to handle them.
3 days ago
NETS launches same-day settlement for hawkers
Samantha Chiew - SINGAPORE (Jan 17): Hawkers are now able receive their sales proceeds from NETS transactions in their bank account on the same business day. NETS, in collaboration with its merchant banks DBS, UOB and OCBC, today launched its same-day settlement for hawkers everyday – the fastest in the industry, ...
3 days ago
Nets launches fastest, same-day cash settlement for hawkers in Singapore
Jamie Lee - HAWKERS that use Nets transactions for payments will now get the sales proceeds credited to their DBS, OCBC or UOB bank accounts by 11pm the same day, if the sales were made before 5pm. 
3 days ago
Weak PLF at SIA Cargo and Scoot likely to dampen Singapore Air's 3Q results
Samantha Chiew - SINGAPORE (Jan 17): UOB is maintaining its “hold” recommendation on Singapore Airlines (SIA) with a lower target price of $10.20, from $10.40 previously. The research house’s suggested entry level is $9.00. This came after the group announced its Dec 2018 operating results on Tuesday, which s ...
3 days ago
Why DBS remains cautious on Chip Eng Seng despite Kampong Java site win
Michelle Zhu - SINGAPORE (Jan 17): DBS Group Research is forecasting property transaction volumes to fall 20% y-o-y to 7,500-8,500 units in 2019, and says it is possible for the property price index (PPI) to decline by up to 3% this year, and even further, should macro conditions worsen. The research house curren ...
3 days ago
Funding for tech tools tops Budget wish list of Singapore firms: SBF poll
Annabeth Leow - SINGAPORE business owners want new government measures to support tech adoption, an annual industry survey has found.
3 days ago
More firms embrace flexible work arrangements: MoM report
Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Proportion of firms offering at least one formal FWA increased by 3% to 53% in 2018. read more
3 days ago
Freehold commercial building in Serangoon Road re-launched for sale at reduced price
Nisha Ramchandani - A FREEHOLD six-storey commercial building in 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million. 
3 days ago
YuuZoo shareholders set up group to get SGX to lift trading suspension
PC Lee - SINGAPORE (Jan 17): Shareholders of investment holding company YuuZoo have formed an association to urge Singapore Exchange (SGX) to immediately lift its trading suspension. The association, named YuuZoo Shareholders Association (YSHA) and headquartered in Washington DC, US is also urging other sha ...
3 days ago
Food products containing alcohol exempted from liquor control laws following review: MHA
asyrafkamil - 23 min 15 sec agoSINGAPORE — Food products containing alcohol can now be sold and consumed in public p
3 days ago
Singapore non-oil domestic exports dropped 8.5% in December 2018
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No It was dragged by the 11.2% decrease in the electronics segment. Singapore’s non-oil domestic exports (NODX) continued its downward trend seen in November after exports further slipped 11.2% due to decreases in both electronic and non- ...
3 days ago
Over half of Singapore's workforce unsatisfied with their current job: report
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Healthcare workers were ranked as the most motivated and less stressed. Less than half of Singapore’s employees or 49% were found to be satisfied with their current jobs which is less than the global employee job satisfaction average o ...






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