40 minutes ago
Carlsberg said to begin US$700 million IPO process for India unit
Details, including the size, structure and timing of the transaction, are still being finalised
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
53 minutes ago
Centurion Accommodation REIT reports DPU of 1.739 cents, outperforming forecast by 6.7%
Felicia Tan - Centurion Accommodation REIT (CAREIT), which listed in September 2025, has reported a distribution per unit (DPU) of 1.739 cents for the financial period from Aug 12, 2025, to Dec 31, 2025, outperforming its forecast DPU of 1.63 cents by 6.7%. Based on CAREIT’s closing price of $1.11 per unit as a ...
1 hour ago
Centurion Accommodation Reit posts DPU of S$0.01739 in first results since IPO
Ry-Anne Lim - This is 6.7% higher than its forecast of S$0.0163; its revenue is also higher than forecast
1 hour ago
OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot
Feb 23 : OpenAI is expanding its push into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments.The company said on Monday it had launched the ...
1 hour ago
ValueMax 2HFY2025 earnings up 14% y-o-y, full year earnings cross $100 mil
The Edge Singapore - ValueMax Group has reported earnings of $54.1 million for its 2HFY2025, an increase of 14% y-o-y. This brings its earnings for the whole of FY2025 to a record $102.1 million, up 23.2% over the preceding FY2024 ended Dec 2024. Revenue in the same FY2025 was up 21.3% to $553.1 million. ValueMax attrib ...
2 hours ago
MoneyMax's 2HFY2025 earnings nearly double to $42 mil
The Edge Singapore - MoneyMax Financial Services has reported earnings of $42 million for its 2HFY2025, an increase of 94.3% y-o-y. This brings its full year earnings to $71.7 million, up 87.6% over the preceding FY2024 ended Dec 2024. The company attributes the stronger numbers to its retail and trading of gold and lux ...
2 hours ago
Gilead to buy US biotech Arcellx for up to US$7.8 billion
The US drugmaker seeks to boost its cancer drug pipeline
2 hours ago
Apac Realty's FY2025 earnings up 184.9%
The Edge Singapore - Thanks to a pick up in new private home sales, Apac Realty has reported earnings of $9.3 million for its 2HFY2025, up 20.6% y-o-y. This brings its earnings for the full year ended Dec 2025 to $20.6 million, a jump of 184.9% over the preceding FY2024. Revenue for 2HFY2025 was up 12.9% y-o-y to $334.1 ...
2 hours ago
Soon Hock Enterprise FY2025 earnings up 10.6 times
The Edge Singapore - Industrial property developer Soon Hock Enterprise Holding has reported earnings of $37.9 million for its FY2025, an increase of 10.6 times over the preceding year ended Dec 2024. Revenue in the same period was up 27.9 times to $227.9 million. The higher numbers were mainly due to recognition of rev ...
3 hours ago
ValueMax H2 profit rises 14% to S$54.1 million on higher revenue
Chloe Lim - Earnings per share at S$0.0591 for the period, up from S$0.0546 previously
3 hours ago
Indian telecom firm Bharti Airtel to invest $2.2 billion to expand digital lending
Feb 23 : Bharti Airtel will invest 200 billion rupees ($2.2 billion) in its financial arm over the next few years, India's second-largest mobile carrier by number of users said on Monday, as it steps up its push into digital lending.The capital will be infused into its subsidiary, Airtel Money, ...
3 hours ago
Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses
No software sector deals in pipeline as firms await trading level recovery
3 hours ago
US to make tariff decision on solar panels from India, Indonesia and Laos
Feb 23 : The U.S. Commerce Department on Monday will reveal a preliminary decision on whether to impose anti-subsidy duties on solar cells and panels imported from India, Laos and Indonesia.The announcement is the first of two expected by the agency in the coming weeks in a trade case brought by a g ...
3 hours ago
MoneyMax, with H2 2025 profit nearly double at S$42m, declares special dividend
Benjamin Cher - Its board declares a final dividend of S$0.015 a share and a special dividend of S$0.005 a share for the financial year
3 hours ago
UK privacy watchdog warns over AI-generated images in joint statement
LONDON, Feb 23 : Britain's privacy watchdog published a joint statement with dozens of international authorities on Monday, setting out concerns over images generated by artificial intelligence which depict identifiable individuals without their consent. "We call on organisations to engage ...
4 hours ago
IPO candidates head overseas as South-east Asian markets lag
Listing abroad offers a way to distance themselves from weaknesses at home
4 hours ago
iFast appoints Tan Tia Hong as new group COO
Benjamin Cher - [SINGAPORE] Digital wealth platform iFast announced that it has appointed Tan Tia Hong as the new group chief operating officer with effect...
4 hours ago
AIA, EPF among potential cornerstone investors for Sunway Healthcare’s RM3 billion IPO: sources
The private healthcare provider targets a minimum of 17 cornerstone investors
4 hours ago
Wipro executive says AI is an opportunity, not a threat
(Corrects to "executive" from "CTO" in headline, adds designation in paragraph 3)By Haripriya SureshBENGALURU, Feb 23 : India's Wipro expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that t ...
4 hours ago
Wipro's CTO says AI is an opportunity, not a threat
BENGALURU, Feb 23 : India's Wipro expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that the technology threatens the industry's outsourcing model.The $283 billion sector has been hit by a sharp market sel ...
4 hours ago
Indonesia considering revoking environmental permit of nickel company after fatal landslide, minister says
4 hours ago
Singapore stocks rise on Monday amid Trump’s latest tariff salvo; STI up 0.5%
Benicia Tan - The iEdge Singapore Next 50 Index remains almost flat at 1,520.5
4 hours ago
DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia
Therese Soh - Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS
5 hours ago
SingFinance 2HFY2025 net profit up 2% despite provisions
The Edge Singapore - Due to lower financing costs, Sing Investments & Finance was able to report a slight increase of 2% y-o-y for its 2HFY2025 bottom line, despite a lower topline and a jump in provision for credit allowances. For the half year ended Dec 31 2025, net profit after tax was $20.6 million, versus $20.3 ...
5 hours ago
Boustead likely to pay special dividend following IPO of UI Boustead REIT
The Edge Singapore - UI Boustead REIT’s preliminary prospectus is likely to be lodged on Feb 26, following Boustead Singapore’s EGM on Feb 25. UI Boustead REIT’s IPO portfolio is likely to comprise 23 properties of which 21 are in Singapore and two in Japan. Total gross floor area is estimated at 5.9 million sq ft ...
5 hours ago
Singapore researchers partner with Nobel Laureate’s start-up to tackle quantum hardware bottleneck
Nurdianah Md Nur - Singapore is deepening its push in the global quantum race by partnering with Qolab, a start-up co-founded by 2025 Physics Nobel Laureate Professor John M. Martinis, to tackle a key engineering bottleneck. Researchers at the National Quantum Federated Foundry (NQFF) have signed a collaboration agree ...
5 hours ago
Chinese smartphone maker Honor plans humanoid service robot
The robot will make its debut at the MWC Barcelona tech conference
5 hours ago
Blue Owl redemption halt sparks jitters, but Asian private credit seen largely shielded
Benjamin Cher - With such funds being closed-end in this region, systemic risk is lower: analysts
5 hours ago
Education, healthcare most promising sectors for AI adoption, says OpenAI executive
OpenAI’s head of startups Marc Manara sees outsized potential in both industries – and says Singapore is doing well in positioning itself as an AI hub.
7 hours ago
Oil edges lower on US tariff uncertainty and US-Iran talks
LONDON, Feb 23 : Oil prices moved slightly lower on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of potential conflict, while President Donald Trump's latest tariff measures created uncertainty for global growth and fuel demand.Brent crude futures were ...
7 hours ago
Oil hovers near six-month high with nuclear talks and US tariffs in focus
LONDON, Feb 23 : Oil prices steadied near a six-month high on Monday as the U.S. and Iran prepared for a third round of nuclear talks while increased economic uncertainty was also in focus after the latest U.S. tariff upheaval.Brent crude futures were up 9 cents at $71.85 a barrel by 1308 GMT while ...
7 hours ago
Oil steadies as US-Iran talks offset US tariff uncertainty
LONDON, Feb 23 : Oil prices steadied on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of potential conflict and partly offsetting economic uncertainty after the latest tariff measures from U.S. President Donald Trump.Brent crude futures were down 4 cents at $ ...
7 hours ago
Oil drops as US tariff uncertainty clouds demand, Iran nuclear talks eyed
LONDON, Feb 23 : Oil prices fell over 1 per cent on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump's fresh tariff hikes created uncertainty for global growth and fuel demand.Brent crude futures slid 7 ...
7 hours ago
Oil drops as US and Iran prepare for further nuclear talks
NEW DELHI, Feb 23 : Oil prices fell about 1 per cent on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump's fresh tariff hikes created uncertainty for global growth and fuel demand.Brent crude futures sl ...