Business News

Singapore stocks fall most in a year; OCBC, DBS lead losses

Asian shares fell the most in over a year following a sell-off on Wall Street amidst rumours that central banks were tightening policies globally

Feb 5, 2018

By Aastha Agnihotri

Indian shares extend losses as weak global cues weigh

Indian shares slumped further on Monday after the government ended a tax break on certain equity investments and amidst weak global cues.

Feb 5, 2018

By Aastha Agnihotri

Singapore stocks slump most since January 2017, DBS plunges 3%

Shares drop following a sell-off on Wall Street amidst reports on central banks tightening policies globally

Feb 5, 2018

By Aastha Agnihotri

Singapore household spending to grow 6.5% yearly until 2022

BMI Research believes that Singapore household spending will rise in the next few years on the back of the increasing proportion of non-essential expenses such as leisure and recreation costs.

Feb 5, 2018

By Kiersnerr Gerwin Tacadena

Singapore's DBS among banks in bid to buy Barclays' Asian wealth unit

Why DBS's new climate policy seems ironic

Market Forces reported that DBS's new climate policy seems to change nothing about its involvement with existing coal projects.

Feb 5, 2018

By Kiersnerr Gerwin Tacadena

FILE PHOTO: A man looks at a Singapore Airlines (SIA) signage outside an SIA service center in Singapore February 10, 2016.

Singapore Airlines' KrisFlyer launches world's first blockchain-based digital wallet

KrisFlyer digital wallet app is expected to be rolled out in about six months

Feb 5, 2018

By Aastha Agnihotri

Spackman Entertainment plans to launch K Coins cryptocurrency via ICO

The proposed ICO is still at a preliminary stage of discussions.

Feb 5, 2018

By Aastha Agnihotri

Singapore ranks fifth in global 'travel freedom' index

Singapore is world's second freest economy but there are some worrying signs

Singapore scored 88.8 points on the 2018 Index of Economic Freedom- 1.4 points shy of Hong Kong's 90.2.

Feb 5, 2018

By Aastha Agnihotri

United Overseas Bank exits stake in Marco Polo Marine for S$12.68 mln

The sale of about 362.2 million shares took at a price of S$0.035 per share.

Feb 5, 2018

By Aastha Agnihotri

Singtel bumps up stake in Bharti Airtel for S$555.6 mln

Bharti Telecom is the holding company of Bharti Airtel and holds about 50.1 percent of the share capital of Bharti Airtel.

Feb 5, 2018

By Aastha Agnihotri

Singapore's SpherePay opens ICO for cryptocurrency 'SAY'

Singapore homegrown mobile payment app company SpherePay on Monday announced its initial coin offering (ICO), also known as initial token sale.

Feb 5, 2018

By Aastha Agnihotri

Noble Group rejects Goldilocks' request for non-disclosure waiver as shareholder spat escalates

Commodities trader Noble Group on Monday rejected a request by one of its biggest shareholders to waive the non-disclosure arrangements around their earlier discussions.

Feb 5, 2018

By Aastha Agnihotri

Will Singapore Airlines report skyrocketing net profit?

Analysts at UOB KayHian projects Singapore Airlines to report a strong net profit growth in the recently concluded quarter, thanks to the parent airline and SIA Cargo.

Feb 3, 2018

By Kiersnerr Gerwin Tacadena

Fish price to shoot up ahead of Chinese New Year, retailers blame unfavourable weather

Due to bad weather CNY traditional food like abalone, scallops and fish are expected to become expensive and burn a hole in your pocket.

Feb 3, 2018

By Bihu Ray

Indian shares plunge as govt brings back capital gains tax

The budget also raised spending concerns after the fiscal deficit target was revised to 3.5 percent.

Feb 2, 2018

By Aastha Agnihotri

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