STI's correction is not likely to breach the main uptrend
Goola Warden - The end-of-week correction in the Straits Times Index appears par for the course as the index had moved to overbought highs, and is unlikely to change the main uptrend. The 50-day moving average, which acts as a support line, is at 4,758. On Jan 13, the STI closed at 4,937, up four points week-on-we ...
Government’s AI push set to spur interest in one-north tech hub: analysts
Ry-Anne Lim - CapitaLand, CapitaLand Ascendas Reit, Keppel DC Reit stand to benefit from drive to build artificial intelligence ecosystem
Offer for Low Keng Huat closes with 96.88% valid acceptances
Chong Xin Wei - The special-purpose vehicle will exercise its right to compulsorily acquire all remaining shares at the offer price of S$0.78 a share
ThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
Chong Xin Wei - Sales revenue falls by 6% to 86.7 billion baht amid weaker consumer sentiment
Hin Leong liquidator succeeds in High Court bid to wind up Yuantai Fuel Trading
Benicia Tan - Yuantai director, Tan Aik Hock, is also chief executive of Daxin Marine
Study unlocks the secrets of the whiskers on an elephant's trunk
Feb 13 : An elephant's trunk is essential for most aspects of the animal's life, from interacting with its environment and with other elephants to eating and drinking. And the roughly 1,000 whiskers covering the trunk are central to its utility, highly specialized for facilitating tactile ...
Apollo, Blackstone execs offer reassurance as software sell-off hits their stocks too
NEW YORK, Feb 13 : Executives at Apollo, Ares, Blackstone, KKR and other private capital firms are having trouble convincing stock market investors that their portfolios are safe from the effects of a selloff battering the software sector due to fears that artificial intelligence will render it irre ...
Walmart, economic data await investors confronting AI 'whack-a-mole'
NEW YORK, Feb 13 : U.S. stock investors will be on guard next week for further volatility induced by fears of artificial intelligence disruption as they also assess the durability of a rotation beneath the market's surface, along with upcoming earnings from Walmart and fresh economic data.The b ...
AI fears wipe out $50 billion from Indian IT stocks in February
Feb 13 : Indian IT shares logged their worst week in more than 10 months on Friday, extending a rout driven by fears of disruption from artificial intelligence tools that wiped about $50 billion off the sector's market capitalisation so far in February.The launch of a tool by tech startup Anthr ...
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
Bank of America and Citigroup are working on the deal, they add
Tuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results
Tay Peck Gek - An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and...
EU project to rival Starlink must meet buyer expectations, Eutelsat CEO says
PARIS, Feb 13 : Eutelsat said on Friday that Europe's planned IRIS2 satellite network must meet customer expectations in terms of pricing and performance to attract buyers, following remarks from major telecoms companies about the project's commercial appeal.Eutelsat CEO Jean‑François F ...
Hong Kong-traded Samsonite targets US dual listing
Feb 13 : Luggage maker Samsonite said on Friday it is seeking a dual listing on a U.S. stock exchange in a bid to increase its exposure to investors in more markets.The company, which owns the American Tourister and Tumi luggage brands, said the potential listing would be through American depositary ...
Hong Kong-listed Samsonite targets US dual listing
Feb 13 : Luggage maker Samsonite Group said on Friday that it is seeking a dual listing on a U.S. stock exchange.
Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high
Chong Xin Wei - The group is expected to release its results by Feb 27
Japan's tax changes on heated tobacco threaten JTI product growth this year, CFO says
Feb 13 - A tax increase on heated tobacco products in Japan this year could curb growth, Japan Tobacco International's finance chief Vassilis Vovos told Reuters, adding the company would put up the price of its brands throughout the year to ease disruptions. JTI, the tobacco unit of Japanese c ...
Singapore stocks falter on Friday; STI down 1.6%
Benjamin Cher - The iEdge Singapore Next 50 Index nudges down 0.4% or 6.06 points to 1,513.52
Applied Materials jumps as AI demand drives chipmaking tool orders
Feb 13 : Applied Materials' shares jumped 11.7 per cent in premarket trading on Friday as investors bet that surging AI demand and a tightening memory market will continue to drive orders for the company's chipmaking tools, after it forecast second-quarter revenue and profit above Wall Str ...
iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global
Benjamin Cher - The group is repositioning itself to view its customers as international – not just from the markets in which it operates
Sovereign fund Danantara Indonesia to break ground on projects worth $19 billion
JAKARTA, Feb 13 : Sovereign wealth fund Danantara Indonesia will break ground on 14 new projects in natural resources processing worth $19 billion, the fund's chief executive said on Friday.Rosan Roeslani also told an economic forum attended by international agencies that Danantara is in the pr ...
Capgemini CEO dismisses calls for full European tech autonomy
Feb 13 : Capgemini CEO Aiman Ezzat on Friday dismissed calls for a total technological sovereignty in Europe, at a time when fraying transatlantic relations have stoked concerns about the region's dependence on U.S. tech majors.The French IT services group, which serves government agencies, cri ...
DBS launches zero-remittance fee payment service to Chinese digital wallet
Koh Kim Xuan - The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments
Europe, Asia lead equity fund inflows as US records weekly outflow
Feb 13 : European and Asian equity funds drew strong inflows in the week ended February 11 as investors trimmed exposure to U.S. mega-cap stocks on concerns about stretched valuations and rising AI-related spending.Global equity funds marked a fifth straight weekly inflow, at $25.54 billion, with Eu ...
Taiwan hikes 2026 economic growth forecast on AI demand
TAIPEI, Feb 13 : Taiwan's tech-reliant economy is expected to grow faster than previously predicted in 2026, riding the wave of strong demand for artificial intelligence (AI) technology, the statistics office said on Friday.Gross domestic product (GDP) is expected to expand by 7.71 per cent thi ...
Taiwan revises 2026 economic growth forecast higher
TAIPEI, Feb 13 : Taiwan's economy is expected to expand 7.71 per cent in 2026, the Directorate General of Budget, Accounting and Statistics said on Friday, upgrading its outlook from a previous estimate of 3.54 per cent.Gross domestic product expanded by a revised 12.65 per cent in the fourth q ...
Taiwan hikes 2026 economic growth forecast to 7.7% on AI demand
TAIPEI, Feb 13 : Taiwan's tech-reliant economy is expected to grow faster than previously predicted in 2026, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday, adding there could be further upward revisions.Gross domestic product (GDP) i ...
GDS-backed DayOne said to pick banks for US$5 bil US IPO
Julia Fioretti and Elfie Chew / Bloomberg - DayOne Data Centers Ltd. has selected banks to help arrange a US initial public offering that may raise about US$5 billion, according to people familiar with the matter. The Singapore-based data centre operator has chosen JPMorgan Chase & Co. and Morgan Stanley to work on the share sale, the peo ...
StarHub’s weak FY2026 guidance leads DBS to review call while Morningstar flags overvaluation
Nurdianah Md Nur - DBS Group Research is reviewing its call and target price for StarHub while Morningstar’s Dan Baker has a “two-star” rating on the telco. The move follows weaker-than-expected 4QFY2025 earnings and disappointing FY2026 guidance. StarHub reported 4QFY2025 normalised earnings of $12.3 million, d ...
Singapore balances economic competitiveness with climate ambitions at Budget 2026
Lin Daoyi - Despite some parts of the world reversing course on climate change, Singapore will be pushing on with its sustainability agenda to address climate risks and secure the island-state’s long-term future, according to Prime Minister Lawrence Wong at Singapore’s 2026 Budget Statement. However, Wong a ...
Germany's Stark valued at more than 1 billion euros in funding round, says Manager Magazin
FRANKFURT, Feb 13 : Stark Defence took on new funding from investors a few weeks ago, increasing the overall value of the German startup firm and drone maker to more than 1 billion euros ($1.2 billion), Manager Magazin reported on Friday.Without specifying its sources, the magazine said Peter Thiel& ...
MAS launches new workgroup to draw growth capital into Singapore
Kwan Wei Kevin Tan and Felicia Tan - The government will establish a Growth Capital Workgroup to support the financing needs of companies at various growth stages within Singapore and around the region, announced the Monetary Authority of Singapore (MAS) on Feb 13. The news comes after Prime Minister and Finance Minister Lawrence Wong ...
New growth capital workgroup led by Chee Hong Tat aims to close gap between private capital and public listings
Ranamita Chakraborty - Members include top executives from GIC, Temasek and DBS, along with public sector representatives
New MAS growth capital workgroup aims to close gap between private capital and public listings
Ranamita Chakraborty - Members include top executives from GIC, Temasek, Blackrock and DBS, along with public sector representatives
Japan's Sumitomo Forestry to acquire US builder Tri Pointe Homes for about $4.5 billion
TOKYO, Feb 13 : Japan's Sumitomo Forestry agreed to acquire U.S. homebuilder Tri Pointe Homes for $47.00 per share in cash, valuing the deal at about $4.5 billion, the companies said on Friday.The offer represents a 29 per cent premium to Tri Pointe Homes' closing price on Thursday, the co ...
