News

Khaw Boon Wan to step down as SPH Media Trust chairman
He will hand the role to Chan Yeng Kit, who will continue as CEO; changes are set to take effect from Oct 1[SINGAPORE] SPH Media Trust (SMT) chairman Khaw...
Barclays lifts S&P 500 index’s year-end target to 7,950 on strong earnings 
Published Wed, Sep 9, 2026 · 11:10 PM[LONDON] Barclays raised its year-end target for the benchmark S&P 500 index to 7,950 from 7,800 on Wednesday (Sep 9), following a...
Wall St indexes open lower as oil crosses US$100
Published Wed, Sep 9, 2026 · 09:47 PM[NEW YORK] The main US stock indexes opened lower on Wednesday (Sep 9) as oil prices surged past the market-sensitive US$100-a-barrelmark level...
DBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation
[SINGAPORE] DBS “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad (1MDB) scandal.In a Wednesday (Sep 9)...
Sembcorp axes S$105 million deal to buy Philippine solar farm developer
It is not acquiring Puente Al Sol due to ‘prevailing market conditions and evolving strategic priorities’[SINGAPORE] Sembcorp Industries has axed a deal to acquire full ownership of Philippine solar...
Singapore’s blue-chip index down 0.7% on Wednesday as oil hits US$100 a barrel
Across the broader market, losers beat gainers 297 to 235, as 1.1b securities worth S$1.9b change hands[SINGAPORE] Singapore stocks ended lower on Wednesday (Sep 9), as mounting tensions in...
COE premiums up across the board; Cat A price hits all-time high of S$133,009
[SINGAPORE] The Category A certificate of entitlement (COE) premium hit an all-time high of S$133,009 in the Wednesday (Sep 9) tender exercise, even as the prices rose across all the...
UK flights resume after major air traffic outage
Published Wed, Sep 9, 2026 · 04:30 PM[LONDON] Flights from British airports resumed early on Wednesday (Sep 9) after a major air traffic control failure, but hubs warned that...
Singapore Airlines to seek tougher terms for any fresh Air India funding
Published Wed, Sep 9, 2026 · 03:38 PM[HONG KONG] Singapore Airlines, backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before...
2 SIA flights cancelled, 2 diverted after air traffic control glitch at major British airports
Airline says it gave affected passengers assistance such as hotel accommodation and ground transport[SINGAPORE] Two Singapore Airlines (SIA) flights were diverted and another two were cancelled on Tuesday (Sep 8)...
Singdollar hits 10-month high against MYR; analysts still bullish on ringgit
[SINGAPORE] The Singapore dollar rose to a 10-month high against the ringgit on Wednesday (Sep 9) as rising US Treasury yields and risk-off sentiment drove investors towards the city-state’s...
‘Big fat tickets: China IPO frenzy nets lucky individuals six months’ pay in one day
2026 has had an unusually large crop of listings that deliver over 100,000 yuan (US$14,900) from one winning allocationSIX MONTHS’ salary in a single day. That is the kind...