Business
Stocks to watch: Sembcorp, Nio, Keppel Infrastructure Trust, Sinarmas Land, SingPost
The following companies saw new developments that may affect trading of its securities on Friday (Mar 28). Sembcorp Industries: Its wholly…
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Business
A look at how DBS shares soared nearly 270% under Piyush Gupta’s 15-year leadership
He will step down at the conclusion of the bank’s 26th annual general meeting on Friday (Mar 28) After helming DBS for more than 15 years,…
Business
Why DBS shares increased 270% in 15 years – Piyush Gupta’s strategy explained
He steps down on Friday (Mar 28) at the close of the bank’s 26th annual general meeting After helming DBS for more than 15 years, the…
Business
Lululemon plunges as US struggles weigh on sales outlook
LULULEMON Athletica shares dropped after the yogawear brand delivered a disappointing outlook for the year ahead amid slower US sales. The…
Business
US Fed official warns ‘inevitable’ tariffs boost inflation
It seems “inevitable” that Donald Trump’s tariff plans will push up near term inflation, although the increase could be short-lived, a…
Business
Oil approaches one-month highs as investors assess supply, trade war risks
Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new US tariffs and their expected effect…
Business
US: Stocks extend losses on auto tariff shock
Wall Street stocks retreated for a second day on Thursday, as US President Donald Trump’s announcement of upcoming tariffs on imported…
Business
Keppel eyes better market valuation as it sheds ‘conglomerate discount’
Global asset manager Keppel is eyeing a better valuation from the market, as the company sheds the “conglomerate discount” with its…
Business
From AI to ESG: Keppel CEO Loh Chin Hua’s take on the big trends
He sees a ‘very bright’ future for the company, in that its strengths have positioned it to succeed, even amid climate, energy and…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
RFK Jr. makes sweeping cuts in federal health programs, including CDC, FDA
Robert F. Kennedy Jr. announced plans Thursday to slash the Department of Health and Human Services, cutting nearly a quarter of its…
Business
US: Wall St opens lower as Trump's auto tariffs sap sentiment
Wall Street’s main indexes opened lower on Thursday (Mar 27), as President Donald Trump’s latest tariff gambit sent auto stocks into a…
Business
Meta’s Asia-Pacific chief quits after a decade-long growth spurt
Meta Platforms is losing its senior-most business executive for the Asia-Pacific, an industry veteran who shepherded some of the social…
Business
SingPost completes A$1 billion sale of Australian logistics business
The divestment generated A$781.5 million in gross proceeds and an estimated gain of S$289.5 million Singapore Post (SingPost) said on…
Business
Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon
An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in…
Business
STI hits new high on Thursday, closes up 0.5% amid mixed regional trading
Singapore stocks extended the week’s gains to end higher on Thursday (Mar 27), with the Straits Times Index (STI) hitting a new high…
Business
MAS seeks feedback on proposals giving retail investors access to private market assets
The move signals a broadening of access to such illiquid investments beyond wealthy individuals Retail investors in Singapore may soon be…
Business
Saudi Aramco looks to invest in Indian refineries
Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its…
Business
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher China and…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
SK Hynix says some customers brought forward orders ahead of US tariffs
South Korea’s SK Hynix, the world’s second-largest memory chipmaker, said on Thursday (Mar 27) that some customers have brought forward…
Business
BlackRock’s head of Asia-Pacific private credit Celia Yan to leave firm
Her team has deployed over US$200 million in 2024, over US$1.8 billion historically and been able to generate a 16 per cent gross internal…
Business
Foxconn plans EV event in Japan to woo manufacturers: sources
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of…
Business
Singtel’s NCS expands in the Philippines through a joint venture for clients to better access services
NCSI Holdings will acquire a 51 per cent stake in Yondu for a total net consideration of 134 million Philippine pesos NCS, Singtel’s…