8 hours ago
BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
Chong Xin Wei - Its sales order book stood at around S$2.2 billion as at end-December
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
Ranamita Chakraborty - Revenue for period climbs 31% to S$53.5 million
8 hours ago
Samsung ships latest HBM4 chips to catch-up in AI race
The global rush to build AI data centres has fuelled demand for such chips
8 hours ago
Quick takes on EQDP top-up, support for start-ups
Chloe Lim - S$1 billion will be portioned for the Startup SG Equity Scheme
8 hours ago
iX Biopharma secures US$40.95 mil contract from US Department of Defense
The Edge Singapore - iX Biopharma has been awarded a US$40.95 million development contract by the US Department of Defense to fund the development of Wafermine®, its patented sublingual ketamine wafer for the treatment of acute moderate to severe pain. The contract was awarded to iX Biopharma under a sole-source procur ...
8 hours ago
CK Hutchison warns legal action if Maersk takes over Panama's Balboa, Cristobal terminals
Feb 12 : Hong Kong's CK Hutchison said on Thursday it has notified Panama of a dispute over an investment protection treaty after A.P. Moller – Maersk expressed willingness to assume temporary management of Balboa and Cristobal terminals.APM Terminals Panama, a Maersk subsidiary, said in late ...
8 hours ago
CK Hutchison warns Maersk over Panama port administration
Feb 12 : Hong Kong's CK Hutchison said on Thursday that it has notified the Republic of Panama of a dispute over an investment protection treaty after A.P. Moller – Maersk said it was willing to assume temporary management of Panama's Balboa and Cristobal terminals.The firm said in a sta ...
9 hours ago
Singapore’s cautious hiring outlook isn’t about fewer jobs – it’s about different ones
Growth remains firmly on the agenda – the difference lies in how it is structured
9 hours ago
Siemens boosts 2026 profit outlook on AI-driven data centre demand, shares jump
ZURICH, Feb 12 : Siemens raised its full-year profit outlook on Thursday after first-quarter profit exceeded expectations, boosted by surging demand for AI-driven data-centre infrastructure and sending shares up over 6 per cent in early trading.CEO Roland Busch said the data-centre business pushed u ...
9 hours ago
Gold proxies gain on soaring prices, but ‘be prudent, earnings matter!’ reminds OCBC
Douglas Toh - With a year-to-date (ytd) gain of 18%, gold prices soared to a record high of US$5,595.47 ($7,056.03) per ounce late January this year, topping off 2025’s 65% gain. OCBC Group Research (OCBC) analyst Carmen Lee notes that gold demand continues to persist as global uncertainty including geopolitica ...
9 hours ago
Tech leaders welcome Singapore’s Budget 2026 AI push but flag execution risks
Nurdianah Md Nur - Singapore’s latest AI measures signal a more structured push to embed artificial intelligence (AI) across the economy. At Budget 2026, Prime Minister and Finance Minister Lawrence Wong announced the creation of a National AI Council, alongside sector-focused “AI missions” and expanded fiscal i ...
9 hours ago
ASL Marine’s 1HFY2026 net profit surged more than 700% y-o-y to $17.1 mil, declares interim dividend of 0.13 cents
Teo Zheng Long - ASL Marine Holdings (SGX: A04 ) (ASL Marine) has reported a significantly higher net profit of $17.1 million for 1HFY2026 ended Dec 31, 2025. Revenue for 1HFY2026 grew by 5.5% y-o-y to $181.6 million. The higher revenue was attributed to higher contribution across its ship repairs and ship charterin ...
9 hours ago
FCT malls get a makeover with RTS in mind
Goola Warden and Teo Zheng Long - Here’s how Frasers Centrepoint Trust is upgrading and enhancing its suburban malls to stay attractive in the face of rising competition from JB, with the launch of the Rapid Transit System As Frasers Centrepoint Trust’s (FCT) 20th anniversary approaches, Richard Ng, CEO of Frasers Centrepoint Tr ...
9 hours ago
Check Point Software lifts profit outlook as AI-driven cyber threats surge
JERUSALEM, Feb 12 : Check Point Software Technologies beat fourth-quarter profit expectations on Thursday and said surging demand for protection against AI-driven cyber threats would help lift its 2026 revenue close to $3 billion.Companies are expected to spend more on cybersecurity due to concerns ...
9 hours ago
Check Point Software expects boost from AI cyber protection as Q4 profit jumps
JERUSALEM, Feb 12 : Check Point Software Technologies beat expectations for fourth-quarter profit on Thursday, and said a fast-growing need to protect computer networks from artificial intelligence-led cyber threats would help drive growth in 2026.Companies are expected to spend more on cybersecurit ...
9 hours ago
Cyber security firm Check Point Software Q4 profit tops estimates
JERUSALEM, Feb 12 : Check Point Software Technologies beat expectations for fourth-quarter profit on Thursday, boosted by sales gains in its products that protect and prevent corporate networks from cyber threats.The Israeli-based network security company reported $3.40 per diluted share, excluding ...
9 hours ago
Facing the JB competition head-on
Goola Warden and Teo Zheng Long - In a recent interview, Richard Ng, CEO of Frasers Centrepoint Trust’s (FCT) manager, promises an exciting asset enhancement initiative (AEI) for Causeway Point, its 420,000 sq ft mall that is next to Woodlands MRT Station. The potential for a rental uplift appears significant. Cathay Cinema vacate ...
9 hours ago
Lum Chang Creation’s 1HFY2026 net profit surged 104% y-o-y to nearly $11 mil, declares interim dividend of 2.5 cents
Teo Zheng Long - Lum Chang Creations Limited (SGX: LCC ) (LCC) has posted a higher net profit of nearly $11 million for 1HFY2026 ended Dec 31, 2025, on back of improved operational performance. Revenue for 1HFY2026 was up by 31% y-o-y to $53.5 million. The higher topline was driven by increased work progress recogni ...
9 hours ago
Sen Yue Holdings receives privatisation offer at S$0.008 per share, with cash or shares option
Chong Xin Wei - Offer comes amid prolonged trading suspension, regulatory overhang, which adversely affects its access to funding and borrowing capacity
9 hours ago
Singapore Budget 2026: Explore how the money flows
David Li Zuowei - The FY2026 Budget will run an overall fiscal surplus of S$8.5 billion, down from the revised FY2025 figure of S$15.1 billion.
9 hours ago
Singapore stocks gain more ground on Thursday, STI up 0.7%
Benjamin Cher - iEdge Singapore Next 50 Index gains 0.1%
9 hours ago
Quick takes on Singapore’s new National AI council, AI missions
Chloe Lim - The missions will focus on four sectors – advanced manufacturing, finance, healthcare and connectivity
9 hours ago
Budget 2026: Quick takes on Singapore’s new National AI council, AI missions
Chloe Lim - The missions will focus on four sectors – advanced manufacturing, finance, healthcare and connectivity
10 hours ago
Straits Trading to report negative FY2025 on impairments
The Edge Singapore - The Straits Trading Company warns that it will report a wider loss for its year ended Dec 2025 versus the preceding FY2024, as it has to take into account a few impairments including investments and investment properties. The company adds that these fair value losses are non-cash in nature and is no ...
10 hours ago
S’pore’s AI push at one-north to support housing in the area: SRI
Jovi Ho - Singapore will establish an artificial intelligence (AI) park at one-north, announced Prime Minister and Finance Minister Lawrence Wong at Budget 2026 on Feb 12. The initiative builds on Lorong AI, a pilot co-working space intended to foster collaboration within the AI community. This strengthens de ...
10 hours ago
Oil prices edge higher as investors assess US-Iran tensions
LONDON, Feb 12 : Oil prices edged up on Thursday morning as investors considered potential escalation of U.S.-Iran tensions and fears that any attacks on Tehran or shipping could lead to supply disruptions.Brent crude oil futures were up 35 cents, or 0.5 per cent, at $69.75 a barrel by 0853 GMT. U.S ...
10 hours ago
Oil prices edge lower as IEA reduces demand forecast
LONDON, Feb 12 : Oil prices slipped on Thursday as investors weighed the International Energy Agency's lowering of its global oil demand forecast for 2026 against potential escalation of U.S.-Iran tensions.Brent crude oil futures were down 30 cents, or 0.43 per cent, at $69.10 a barrel by 1018 ...
10 hours ago
Oil prices tumble more than $1 as IEA cuts demand forecast
(Corrects price move in headline and lede)By Erwin SebaHOUSTON, Feb 12 : Oil prices tumbled by more than $1 a barrel on Thursday as investors gave more weight to the International Energy Agency lowering its global oil demand forecast for 2026 against the receding risk of U.S. attacks on Iran.Br
10 hours ago
Oil prices head lower as IEA cuts demand forecast
LONDON, Feb 12 : Oil prices slipped on Thursday as investors weighed the International Energy Agency's lowering of its global oil demand forecast for 2026 against the potential escalation of U.S.-Iran tensions.Brent crude oil futures were down 38 cents, or around 0.6 per cent, at $69.02 a barre ...
10 hours ago
Higher qualifying salaries for EP, S Pass holders may affect tenant demand for homes: Huttons
Jovi Ho - The increase in qualifying salary for Employment Pass (EP) and S Pass holders, announced at Budget 2026, may influence the hiring of foreigners. This may have a knock-on impact on tenant demand for both HDB flats and private residential properties, says Mark Yip, CEO, Huttons Asia. The minimum quali ...
10 hours ago
Trump-linked World Liberty Financial to launch forex remittance platform
HONG KONG, Feb 12 : World Liberty Financial, a crypto venture backed by the family of U.S. President Donald Trump, said on Thursday it plans to roll out a new foreign exchange and remittance platform, offering simplified services with lower fees.The firm will launch the platform, World Swap, soon, Z ...
10 hours ago
After passing 5,000, STI ends Budget 2026 day 0.65% higher at 5,016.76 points
Jovi Ho - The Straits Times Index (STI) ended Feb 12 — Budget 2026 day in Singapore — 32.18 points higher, or 0.65% up, at 5,016.76 points. The STI passed the 5,000-point mark for the first time in history earlier that morning. The index tracking Singapore’s 30 largest stocks had opened at 4,992.52 poin ...
10 hours ago
Singapore ended FY2025 with a surplus of $15.1 bil, 1.9% of GDP
Kwan Wei Kevin Tan and Felicia Tan - Singapore ended the fiscal year 2025 with a surplus of $15.1 billion, or 1.9% of the country’s total gross domestic product (GDP), says Prime Minister and Finance Minister Lawrence Wong at Budget 2026. Revised overall expenditure for the year was up by 0.1% to $143.29 billion compared to the estim ...
10 hours ago
Singapore expects smaller S$8.5 billion surplus in FY2026
Paige Lim - Though estimated expenditure outstrips revenue, net investment returns contribution more than makes up for the shortfall