Trump directs US agencies to toss Anthropic's AI as Pentagon calls startup a supply risk
WASHINGTON, Feb 27 : U.S. President Donald Trump said on Friday he is directing every federal agency to stop work with artificial intelligence lab Anthropic while the Pentagon declared it a supply-chain risk, capping a weeks-long fight over technology guardrails in an apparent blow to the startup� ...
Exclusive-QIA, Visa and ADIA set to anchor SoftBank's PayPay IPO, sources say
Feb 27 : A group of global investors including Qatar Holdings, an investment arm of Qatar Investment Authority, Visa and Abu Dhabi Investment Authority, is preparing to invest more than $200 million as cornerstone investors in the U.S. initial public offering by SoftBank's PayPay, according to ...
Goldman bucks private credit redemption trend as AI disruption fears mount
Feb 27 : Goldman Sachs' asset management arm has assured investors that the redemption rate at GS Credit remains well below that of its peers, setting it apart from turbulence in private credit sparked by concerns that AI could disrupt software companies.In a letter to investors seen by Reuters ...
Trump Media considers spinning off Truth Social into public company
Feb 27 : Trump Media & Technology Group, founded by U.S. President Donald Trump, is considering spinning off its social media platform Truth Social into a publicly traded company.TMTG is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed transaction, the c ...
Brookfield's new AI unit Radiant valued at $1.3 billion after merger with UK startup, sources say
LONDON, Feb 27 : Brookfield Asset Management's new AI infrastructure company Radiant has been valued at $1.3 billion after merging with London-based cloud computing firm Ori Industries, according to three people with knowledge of the matter and a document seen by Reuters.Radiant, a new company ...
Dorsey's blunt AI warning sharpens debate over jobs and profits
Feb 27 : Jack Dorsey is not the first chief executive to say artificial intelligence will transform work. He may be among the first to act as if it already has - and to say so openly."Intelligence tools have changed what it means to build and run a company. We're already seeing it internal ...
HSBC opens largest wealth centre and first sky lounge at Singapore Land Tower
Felicia Tan - HSBC has opened its fourth and largest wealth centre at level 33 of Singapore Land Tower on Feb 27. The lounge is also the bank’s first sky lounge and first dedicated Premier Elite space in the country. Spanning 7,884 sq ft, the centre has 14 meeting rooms, including enclosed teller rooms and priv ...
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
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
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 ...
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
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 ...
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 ...
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 ...
India's Vishal Mega Mart promoter sells 14% stake for $838 million
Belgian watchdog opens probe into Google's online ad price practices
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
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 ...
Nestlé begins South Africa layoffs as part of global overhaul
More than 400 employees affected
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
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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
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
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’
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
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
