SINGAPORE (Nov 18): Singapore Exchange (SGX) has been named “Exchange of the Year” in the Regulation Asia Awards for Excellence for the second consecutive year.

The award recognises SGX for its targeted approach to market regulation, and for demonstrating a commitment to moving to a “community” approach.

SGX lauded for targeted approach to market regulation, scoops Regulation Asia Exchange of the Year award for second straight year

DBS has become the first bank in Singapore and Southeast Asia to adopt the Equator Principles, which will see it go the extra mile in disclosing information related to large-scale developments that it is involved in.

DBS becomes first bank in Southeast Asia to adopt Equator Principles

SINGAPORE (Nov 15): CIMB Bank Singapore is collaborating e-procurement service provider SESAMi Holding and financing platform Capital Match to bring cost-effective e-supply chain financing solutions to the supplier community.

The supply-chain financing programme will see suppliers on SE...

CIMB Bank Singapore announces collaboration to provide e-supply chain financing solutions

SINGAPORE (Nov 11): From Nov 11, consumers at 27 public hospitals, specialty centres and polyclinics across Singapore can pay for their bills through the Singapore Quick Response Code (SGQR).

DBS works with healthcare clusters to roll out SGQR in all public hospitals, specialty centres and polyclinics by end 2020

SINGAPORE (Nov 11): Property group GSH Corporation saw its earnings more than treble to S$7.3 million for 3Q19 ended September, from S$2.1 million a year ago.

This translated to earnings per share of 0.370 (Singaporean) cents for 3Q19, compared to 0.107 cents in 3Q18.

GSH reports jump in 3Q earnings to S$7.3 mil on revenue contribution from maiden KL project

SINGAPORE (Nov 4): E-commerce solutions provider Synagie Corporation announced on Monday that it has been appointed as a partner by government agency Enterprise Singapore to help small- and medium-sized enterprises (SMEs) internationalise through e-commerce.

The development project will see SMEs in Singapore receive 70% subsidy for subscription to Synagie’s Multichannel E-commerce Platform Solutions, which has a package price of S$20,000 per SME for the first year.

Enterprise Singapore links up with Synagie to spur SMEs' cross-border e-commerce growth

SINGAPORE (Nov 4): Singapore Post (SingPost) saw its earnings jump 10.3% to S$27.7 million for the 2Q19/20 ended September, from S$25.1 million a year ago.

However, the better performance was led by the absence of a S$2.9 million fair value loss on warrants from an associated company incurred last year.

SingPost reports 10.3% rise in 2Q earnings to S$27.7 mil on absence of exceptional loss

The manager of Ascendas Real Estate Investment Trust has announced the proposed acquisition of a portfolio of 30 business park properties from CapitaLand for S$1.66 billion.

Post-transaction costs, the proposed acquisitions are expected to generate a first year net property income yield of 6.3% for Ascendas REIT.

Ascendas REIT to acquire 30 business park properties from CapitaLand for S$1.66b; launches rights issue at S$2.63 per unit to raise S$1.31b

SINGAPORE (Oct 30): The Maritime and Port Authority of Singapore (MPA) has launched a one-stop digital portal for maritime regulatory and port services transactions, which is expected to save the shipping industry an estimated 100,000 man-hours annually.

Announcing the launch of the portal at the opening of the two-day Global Maritime Forum (GMF) Annual Summit on Wednesday, Singapore Deputy Prime Minister Heng Swee Keat outlined how the global maritime industry could take collective action for the future.

Singapore launches maritime portal, urges greater collective action to drive digitalisation, sustainability

SINGAPORE (Oct 30): The manager of Starhill Global Real Estate Investment Trust (SGREIT) has announced distribution per unit (DPU) of 1.13 cents for the 1Q19/20 ended September, some 1.7% lower than DPU of 1.15 cents a year ago.

Income available for distribution fell 3.4% to S$25.3 million in 1Q19/20, compared with S$26.2 million a year ago.

Starhill Global REIT posts 1.7% drop in 1Q DPU to 1.13 Singaporean cents

BEIJING (April 25): Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes the use of its platform will expand to other Asian countries and Europe.

XPeng CEO says its software, AI upgrades to enter 'super fast cycle'

Xiaomi Corp has secured 75,723 orders for its SU7 electric vehicles since last month’s launch, paving the way for the Chinese electronics giant to challenge automakers from Tesla Inc to BYD Co Ltd in the world’s largest car market.

Xiaomi says SU7 EV orders reach 75,723 since March launch

Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.

The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

Malaysia’s inflation steady at 1.8% year-on-year in March

BENGALURU (April 25): The Philippine peso and South Korean won led losses on Thursday among subdued Asian emerging currencies, while stock markets in the region were pulled lower by a weak tech sector, after Facebook parent Meta Platforms disappointed with its forecasts.

Asian stocks slide on US tech earnings worries; currencies fall

Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years.

Toyota hits record annual output, sales on robust demand

THE uptrend in the prices of a number of commodities — reflected in the 14.2% rise in the S&P GSCI from its recent December trough — brought back memories of the commodity bull run in 2021 and 2022, when the effects of the Covid-19 pandemic followed by the war in Ukraine choked global supply ...

Cover Story: Are commodities at the start of a secular bull run? 

Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.

Nestle quarterly sales estimates miss on price hikes

Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.

Deutsche Bank first-quarter profit jumps 10% as investment bank outperforms

Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, a bankers' association said on Thursday, responding to a government request to help small businesses.

Thai lenders to cut rates by 25 bps for 'vulnerable groups'

SHANGHAI (April 25): US Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for American businesses, as he began a visit aimed at resolving a raft of contentious issues that could jeopardise the newly repaired relationship.

In China, Blinken urges fair treatment of American companies

KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;

EPF members under age 55 will have Account 3 starting May 11

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Malaysia is said to mull casino resort to revive Forest City

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Digital Nasional names senior telco and tech leaders as new directors

Binance co-founder Changpeng Zhao is facing up to three years in prison if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Friends, family, royalty seek mercy for crypto’s richest man

Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.

YTL Corp rallies to new all-time high after HLIB flags more upside

A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.

How Volvo landed a cheap Chinese EV on US shores in a trade war

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

Meta’s miss sparks fear in tech world with big earnings looming

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Singapore's Keppel profit rises on strong infra, connectivity performance

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Stocks hit by tech slide; yen flails at intervention zone

Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.

The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.

Visa's strong earnings may be a troubling sign for US economy — report

The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.

His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.

Appellate court grants Muhyiddin five-member bench for review of charges

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

Stanislaus Jude Chan

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Stanislaus Jude Chan

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