1 day ago
OUE loss widens to S$314.7 million in H2 FY2025
Benjamin Cher - The group’s half-year revenue is down at S$324.3 million from S$332 million the year before
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Straits Trading H2 loss widens to S$208.4 million; dividend of S$0.08 a share proposed
Benjamin Cher - The payout is unchanged from a year earlier
1 day ago
Nordic Group reports higher earnings of $19.0 mil for FY2025, up 9% y-o-y
Teo Zheng Long - Nordic Group (SGX: MR7 ) has reported a 9% y-o-y improvement in earnings to $19.0 million for FY2025, ended Dec 31, 2025. Revenue saw a slight dip of 3% y-o-y to $158.4 million in FY2025, mainly due to lower revenue contribution from the project services (PS) segment as fewer projects were undertake ...
1 day ago
Lululemon founder Chip Wilson ramps up pressure on board amid proxy fight
Wilson’s campaign comes as the company’s shares have lost nearly half of their value over the past 12 months
1 day ago
Straits Trading reports FY2025 loss of $234 mil on impairments and lower fair value
The Edge Singapore - The Straits Trading Company, weighed down by a series of non-cash impairment and value adjustments of its various real estate businesses and investments, has reported a net loss of $234 million for its FY2025. In the year earlier, it reported earnings of 11%. Of note, Straits Trading recognised a no ...
1 day ago
ASTI Holdings returns to profitability in FY2025, with net profit of $835,000
Teo Zheng Long - ASTI Holdings (SGX: 575 ) reversed back into the black with a net profit of $835,000 in FY2025, ended Dec 31, 2025, compared against a loss of more than $24.5 million a year ago. Revenue was up 11.8% y-o-y to $36.9 million, driven by higher revenue from the backend equipment solution & technolog ...
1 day ago
International Cement Group reports FY2025 earnings of $60.0 mil, up more than 400 times y-o-y
Teo Zheng Long - International Cement Group (SGX: KUO ) (ICG) has reported net profit attributable to shareholders of $60.0 million in FY2025 ended Dec 31, 2025, up from just $135,000 a year ago. For FY2025, revenue grew by 47% y-o-y to $378.8 million, driven by higher selling prices and increased sales volumes from ...
1 day ago
India's Vishal Mega Mart promoter sells 14% stake for $838 million
1 day ago
Belgian watchdog opens probe into Google's online ad price practices
1 day ago
HSBC opens wealth centre at Singapore Land Tower amid premium pivot
Shikhar Gupta - It is the bank’s fourth and largest such facility in the city-state
1 day ago
Ong Beng Seng's HPL $46.2 mil in the red for FY2025
The Edge Singapore - Hotel Properties has sunk into a loss of $46.2 million for its FY2025, after taking into account items such as a higher fair value loss on long-term investments. In contrast, the company majority-held by tycoon Ong Beng Seng, made a profit of $27.2 million in the preceding FY2024. Ong stepped down a ...
1 day ago
Nestlé begins South Africa layoffs as part of global overhaul
More than 400 employees affected
1 day ago
Hotel Properties swings to H2 FY2025 loss of S$57.7 million, proposes dividend of S$0.04
Benjamin Cher - It says that tourist arrivals grew in 2025, but that geopolitical, trade and interest-rate uncertainty could hurt the business environment
1 day ago
MetaOptics FY25 losses widen to S$5.4 million despite rise in revenue
Benjamin Cher - Expenses across the board increased, with finance expenses for the full year clocking the highest increase of over 90 times
1 day ago
Companies cutting jobs as investments shift toward AI
(Corrects attribution of survey in paragraph 3 in story that ran on February 25 to Challenger, Gray & Christmas not Goldman Sachs)Feb 25 : Investors' and economists' concerns that artificial intelligence will upend established industries are deepening, as Goldman Sachs warned in Februa ...
1 day ago
OpenAI clinches $840 billion valuation with mega funding from Amazon, Nvidia, SoftBank
Feb 27 : OpenAI's latest funding round valued the ChatGPT maker at $840 billion as Big Tech and Masayoshi Son's SoftBank piled into the $110 billion blockbuster round, signaling the AI investment race is alive and well despite recent fears of a valuation bubble. The funding round - one of ...
1 day ago
OpenAI's $110 billion funding round draws investment from Amazon , Nvidia, SoftBank
Feb 27 : Amazon will invest $50 billion in OpenAI, starting with an initial $15 billion and followed by another $35 billion in the coming months, the companies said on Friday.The investment is part of a massive funding round for OpenAI, which is raising $110 billion in new investment at a pre-money ...
1 day ago
OpenAI clinches $840 billion valuation with new funding from Amazon, Nvidia, SoftBank
Feb 27 : OpenAI's latest funding round valued the ChatGPT maker at $840 billion as Big Tech piled into the $110 billion blockbuster round, signaling the AI investment race is alive and well despite recent fears of a valuation bubble. The funding round - one of the largest private capital raises ...
1 day ago
Block shares soar as Dorsey leans on AI to trim workforce
Feb 27 : Block shares soared more than 20 per cent in premarket trading on Friday after it announced it would nearly halve its workforce as part of an overhaul to embed artificial intelligence tools across its operations. The layoffs are the most visible signs of how the U.S. fintech industry is nav ...
1 day ago
CME approves first aluminium warehousing in Taiwan
Feb 27 : U.S. commodities exchange operator CME Group has approved its first aluminium storage facilities in Taiwan after receiving several applications for new warehousing in Asia, the biggest regional market for the metal. In two separate notices late on Thursday, CME said it had approved two appl ...
1 day ago
CoreWeave shares slump as doubling capital expenditure sparks margin concerns
Feb 27 : Shares of CoreWeave slumped around 12 per cent before the bell on Friday, after the company's plans to double capital expenditure this year fueled investor concerns about margin pressure and effective returns from its artificial intelligence push. The cloud infrastructure company has c ...
1 day ago
Frencken H2 profit rises 1.1% to S$19.2 million on higher mechatronics revenue
Shikhar Gupta - Revenue for the period is up 2.9% year on year at S$433.7 million
1 day ago
Far East Orchard H2 net profit falls 15.5% on lower fair-value gains, higher finance costs
Shikhar Gupta - A first and final dividend of S$0.04 a share has been proposed for FY2025
1 day ago
Wee Hur back in the black with H2 FY2025 earnings at S$29.8 million; proposes S$0.01 dividend
Benjamin Cher - Revenue for H2 FY2025 rises 52% to S$139.5 million from S$91.7 million in H2 FY2025
1 day ago
Indofood Agri Resources’ H2 net profit rise 13.6% to 932.4 billion rupiah
Shikhar Gupta - A first and final dividend has been recommended for FY2025, with details to be ‘announced at a later date’
1 day ago
Vin’s Holdings posts S$1.7 million H2 net profit in turnaround
Shikhar Gupta - Its turnaround comes after a net loss of S$535,000 in the corresponding period the year before
1 day ago
AvePoint Q4 profit swings into black at US$15.6 million as AI demand fuels software boom
Young Zhan Heng - Revenue for the quarter also rose 29% to US$114.7 million
1 day ago
Tether says it has frozen $4.2 billion of its stablecoin over crime links
PARIS, Feb 27 : El Salvador-based stablecoin issuer Tether said it has frozen about $4.2 billion of its crypto tokens over links to "illicit activity", mostly in the past three years, as authorities around the world try to crack down on crypto-related crime.The world's largest stablec ...
1 day ago
Hong Fok’s H2 FY2025 net profit rises 14.7% to S$23.1 million; revenue falls 13.9% to S$51.4 million
Benjamin Cher - Revenue for H2 FY2025 falls 13.9% to S$51.4 million, from S$59.7 million in H2 FY2024
1 day ago
Hong Fok’s H2 FY2025 net profit rises 14.7% to S$23.1 million; proposes dividend of S$0.01
Benjamin Cher - Revenue for H2 FY2025 falls 13.9% to S$51.4 million, from S$59.7 million in H2 FY2024
1 day ago
Hong Fok’s H2 FY2025 net profit rises 14.1% to S$23.1 million; proposes dividend of S$0.01
Benjamin Cher - Revenue for H2 FY2025 falls 13.9% to S$51.4 million, from S$59.7 million in H2 FY2024
1 day ago
Banyan Group H2 profit falls 7% despite 35% jump in revenue
Shikhar Gupta - The group has proposed a first and final one-tier tax-exempt cash dividend of S$0.0135 per ordinary share for FY2025
1 day ago
US stock futures falter on AI jitters, Nasdaq braces for steep monthly fall
Feb 27 : U.S. stock index futures slid on Friday as growing AI unease weighed on technology stocks, with the Nasdaq staring at its steepest monthly drop since March 2025, and investors awaited key inflation data later in the day. Technology stocks saw immense turbulence this month due to AI concerns ...
1 day ago
UMS Q4 FY2025 earnings flat at S$11.1 million; declares dividend of S$0.02
Benjamin Cher - Revenue for the quarter eases 1% to S$66.8 million