Japanese oil and gas group Inpex sees LNG supply shortfall in Asia in 2035
TOKYO, Feb 12 : Inpex, Japan's biggest oil and gas producer, expects global demand for liquefied natural gas to grow by 75 per cent to some 700 million metric tons annually in 2035, potentially resulting in a supply shortfall in the Pacific coastal region, including Asia.Inpex, which runs the I ...
Nissan sees smaller full-year operating loss as turnaround efforts bear fruit
TOKYO, Feb 12 : Nissan sharply trimmed its outlook for a full-year loss on Thursday after reporting a surprise profit in the third-quarter, in a sign the troubled Japanese automaker's turnaround is gaining traction.The automaker is struggling to right itself after years of turmoil. Under CEO Iv ...
Nissan sees smaller full-year operating loss, reports 44% quarterly profit drop
TOKYO, Feb 12 : Nissan Motor said it expects to post a much smaller operating loss for this fiscal year than previously indicated, as its turnaround plan progresses, as it reported a fall in profit for the third quarter.The struggling Japanese automaker now expects an operating loss of 60 billion ye ...
Levy for basic-skilled Work Permit holders to increase by S$100 for marine sector, S$150 for process sector
Elysia Tan - Manufacturing and services sectors’ tiered levy structure will be simplified
Singapore to raise EP and S Pass qualifying salaries from 2027
Low Youjin - Renewal applications for both work passes will only take effect in 2028
Singapore extends Senior Employment Credit to end-2027
Tan Nai Lun - Mid-career training allowance extended to part-time training as well
Budget 2026: SkillsFuture Singapore, Workforce Singapore to be merged into new statutory board
Sharanya Pillai - The objective to embed lifelong learning in the education system has been achieved, said PM Wong
Government to raise local qualifying salary for full-time local employees to $1,800 this year
Kwan Wei Kevin Tan and Felicia Tan - The government will raise the local qualifying salary for full-time local employees to $1,800 from $1,600 previously. The move comes as the government seeks to “strengthen support for lower-wage workers,” says Prime Minister and Finance Minister Lawrence Wong at Budget 2026. To help businesses o ...
Local qualifying salary to rise to S$1,800 for full-time employees this year
Elysia Tan - The Progressive Wage Credit Scheme and Workfare Skills Support schemes will also be enhanced
More AI learning support for workers, including free premium tools
Low Youjin - The SkillsFuture website will also be redesigned to make relevant AI courses easier to identify
Singapore to establish new National AI Council, chaired by Prime Minister Wong
Kwan Wei Kevin Tan and Felicia Tan - Singapore will establish a new National AI Council, chaired by Prime Minister and Finance Minister Lawrence Wong. The council will drive “AI missions” in four key sectors — namely, advanced manufacturing, connectivity, finance and healthcare sectors — to harness the power of AI. “AI is adv ...
Tailored programmes, tax deductions to support AI use in businesses
Tan Nai Lun - The Champions of AI programme will include enterprise transformation and workforce training
Budget 2026: S$1 billion boost for promising tech startups and growth-stage companies
“Globally, growth-stage capital has tightened. As a result, many firms, especially those in deep tech, find it harder to raise the larger and longer-term funding needed to scale,” said PM Lawrence Wong.
Singapore to establish National AI Council chaired by PM Wong, launch national AI missions
Elysia Tan - It will align its research and development, regulatory and investment promotion efforts in four areas
Budget 2026: AI can be ‘strategic advantage’ for Singapore if harnessed well
Low Youjin - Clear rules must be set to ensure the technology is applied responsibly and safely, and benefits shared widely
Mercedes-Benz net profit nearly halves in 2025 amid US, China woes
FRANKFURT: German carmaker Mercedes-Benz on Wednesday (Feb 11) reported its lowest annual profit since the COVID-19 pandemic, as it counted the cost of US tariffs and cut-throat competition in China.Net profit for 2025 was 5.3 billion euros (US$6.3 billion), Mercedes said, down almost 49 per cent on ...
Government to launch second $1.5 bil tranche of Anchor Fund; add $1.5 bil to Financial Sector Development Fund
Kwan Wei Kevin Tan and Felicia Tan - The government will launch a second $1.5 billion tranche of the Anchor Fund, which was initially established to “attract and anchor high-quality public listings”, says Prime Minister and Finance Minister Lawrence Wong at Budget 2026. “As with the first tranche, this will be a co-investment bet ...
Government to launch second $1.5 bil tranche of Anchor Fund; EQDP expands to $6.5 bil
Kwan Wei Kevin Tan and Felicia Tan - The government will launch a second $1.5 billion tranche of the Anchor Fund, which was initially established to “attract and anchor high-quality public listings”, says Prime Minister and Finance Minister Lawrence Wong at Budget 2026. “As with the first tranche, this will be a co-investment bet ...
S$1.5 billion top-up to expand EQDP; EDB to attract high-growth companies
Tan Nai Lun - This will ‘create more opportunities for Singaporeans to secure good jobs and grow their careers’, says PM Wong
Budget 2026: Singapore must adapt and connect differently to create good jobs, says PM Wong
The government will act decisively on recommendations from the Economic Strategy Review committees to secure growth that translates into jobs and rising incomes, says Prime Minister Lawrence Wong.
Budget 2026: Singapore to support startups with S$1 billion top-up for Startup SG Equity
Elysia Tan - Finance minister also announces second S$1.5 billion tranche of the Anchor Fund to attract high-quality listings
Government to enhance support levels for companies looking to go global
Kwan Wei Kevin Tan and Felicia Tan - In a bid to encourage companies to diversify globally and integrate regionally, the government will enhance the support levels for grant schemes for companies looking to go abroad. These support levels will go up to 70% for small and medium enterprises (SMEs) and up to 50% for non-SMEs, announced Pr ...
More grants, tax breaks and loans to support overseas expansion for businesses
Low Youjin - Doing business overseas is not easy, especially for SMEs, says PM Wong
Budget 2026: Singapore needs to connect differently in changed global environment
Tan Nai Lun - The Republic must adjust to new patterns, and be connected in smarter and more diversified ways, says PM Wong
Singapore will provide 40% corporate income tax rebate in the Year of Assessment 2026
Kwan Wei Kevin Tan and Felicia Tan - Singapore will provide a Corporate Income Tax of 40% in the Year of Assessment 2026, announced Prime Minister and Finance Minister Lawrence Wong in this year’s Budget. “Every active company that employed at least one local employee last year will receive a minimum benefit of $1,500. The total be ...
Budget 2026: Companies to get 40% corporate income tax rebate in YA2026
Elysia Tan - Companies will receive between S$1,500 and S$30,000 of benefit
Soft payment volume overshadows Adyen's revenue growth, shares tumble 15%
Feb 12 : Dutch payments processor Adyen's revenue grew more than a fifth in the second half of 2025, but weaker-than-expected transaction volumes and a cautious guidance for 2026 sent its shares falling 15 per cent on Thursday.Its processed transaction volumes rose 19 per cent to 745 billion eu ...
Adyen's soft payment volume overshadows revenue growth, shares tumble 15%
Feb 12 : Dutch payments processor Adyen's revenue grew by more than a fifth in the second half of 2025, but weaker than expected transaction volumes and a cautious guidance, seen as signs of slowing momentum, sent its shares falling 15 per cent on Thursday.The company's processed volumes o ...
Adyen reports 21% revenue rise for second half of 2025
Feb 12 : Dutch payments processor Adyen reported net revenue of 1.27 billion euros ($1.51 billion) for the second half of 2025 on Thursday, up 21 per cent on a constant currency basis, capping a year of robust growth that saw it outpace struggling European rivals and solidify its position against U. ...
Budget 2026: Singapore to move forward with confidence despite ‘profound global change’, says PM Wong
Low Youjin - Decades of capability building and industry transformation have strengthened Singapore’s economic foundations
UK picks HSBC as platform provider for its digital bond pilot issuance
LONDON, Feb 12 : The UK has chosen HSBC's blockchain platform to run the country's pilot issuance of tokenised or digital government bonds, the bank said on Thursday, a move that puts Britain ahead of its G7 peers in exploring blockchain-based sovereign debt.The UK's "Digital Gil ...
BOJ could hike rates as early as March, up to 3 times in 2026, Mizuho executive says
TOKYO, Feb 12 : The Bank of Japan could raise key interest rates again as early as March and deliver up to three hikes this year in light of persistent inflation and yen weakness, Mizuho Financial Group's markets chief told Reuters on Thursday.With the yen having weakened and inflation continui ...
Asian stocks scale record high, US jobs lift dollar and yields
SINGAPORE: Asian stocks rose to a record high on Thursday, while the dollar firmed against most currencies except the yen after a surprisingly strong US jobs report dented near-term rate cut expectations, setting the stage for inflation data on Friday (Feb 13). Markets in South Korea and Japan hit ...
Samsung begins HBM4 chip shipments
SEOUL, Feb 12 : Samsung Electronics said on Thursday that it has started shipping the latest high-bandwidth memory chips, HBM4, as the chipmaker races to catch up with rivals in supplying to Nvidia.The global race to build AI data centers has fuelled demand for HBM, a type of dynamic random-access m ...
