11 hours ago
Singapore stocks falter on Friday; STI down 1.6%
Benjamin Cher - The iEdge Singapore Next 50 Index nudges down 0.4% or 6.06 points to 1,513.52
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
11 hours ago
Applied Materials jumps as AI demand drives chipmaking tool orders
Feb 13 : Applied Materials' shares jumped 11.7 per cent in premarket trading on Friday as investors bet that surging AI demand and a tightening memory market will continue to drive orders for the company's chipmaking tools, after it forecast second-quarter revenue and profit above Wall Str ...
12 hours ago
iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global
Benjamin Cher - The group is repositioning itself to view its customers as international – not just from the markets in which it operates
12 hours ago
Sovereign fund Danantara Indonesia to break ground on projects worth $19 billion
JAKARTA, Feb 13 : Sovereign wealth fund Danantara Indonesia will break ground on 14 new projects in natural resources processing worth $19 billion, the fund's chief executive said on Friday.Rosan Roeslani also told an economic forum attended by international agencies that Danantara is in the pr ...
12 hours ago
Capgemini CEO dismisses calls for full European tech autonomy
Feb 13 : Capgemini CEO Aiman Ezzat on Friday dismissed calls for a total technological sovereignty in Europe, at a time when fraying transatlantic relations have stoked concerns about the region's dependence on U.S. tech majors.The French IT services group, which serves government agencies, cri ...
12 hours ago
DBS launches zero-remittance fee payment service to Chinese digital wallet
Koh Kim Xuan - The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments
13 hours ago
Europe, Asia lead equity fund inflows as US records weekly outflow
Feb 13 : European and Asian equity funds drew strong inflows in the week ended February 11 as investors trimmed exposure to U.S. mega-cap stocks on concerns about stretched valuations and rising AI-related spending.Global equity funds marked a fifth straight weekly inflow, at $25.54 billion, with Eu ...
13 hours ago
Taiwan hikes 2026 economic growth forecast on AI demand
TAIPEI, Feb 13 : Taiwan's tech-reliant economy is expected to grow faster than previously predicted in 2026, riding the wave of strong demand for artificial intelligence (AI) technology, the statistics office said on Friday.Gross domestic product (GDP) is expected to expand by 7.71 per cent thi ...
13 hours ago
Taiwan revises 2026 economic growth forecast higher
TAIPEI, Feb 13 : Taiwan's economy is expected to expand 7.71 per cent in 2026, the Directorate General of Budget, Accounting and Statistics said on Friday, upgrading its outlook from a previous estimate of 3.54 per cent.Gross domestic product expanded by a revised 12.65 per cent in the fourth q ...
13 hours ago
Taiwan hikes 2026 economic growth forecast to 7.7% on AI demand
TAIPEI, Feb 13 : Taiwan's tech-reliant economy is expected to grow faster than previously predicted in 2026, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday, adding there could be further upward revisions.Gross domestic product (GDP) i ...
13 hours ago
GDS-backed DayOne said to pick banks for US$5 bil US IPO
Julia Fioretti and Elfie Chew / Bloomberg - DayOne Data Centers Ltd. has selected banks to help arrange a US initial public offering that may raise about US$5 billion, according to people familiar with the matter. The Singapore-based data centre operator has chosen JPMorgan Chase & Co. and Morgan Stanley to work on the share sale, the peo ...
14 hours ago
StarHub’s weak FY2026 guidance leads DBS to review call while Morningstar flags overvaluation
Nurdianah Md Nur - DBS Group Research is reviewing its call and target price for StarHub while Morningstar’s Dan Baker has a “two-star” rating on the telco. The move follows weaker-than-expected 4QFY2025 earnings and disappointing FY2026 guidance. StarHub reported 4QFY2025 normalised earnings of $12.3 million, d ...
14 hours ago
Singapore balances economic competitiveness with climate ambitions at Budget 2026
Lin Daoyi - Despite some parts of the world reversing course on climate change, Singapore will be pushing on with its sustainability agenda to address climate risks and secure the island-state’s long-term future, according to Prime Minister Lawrence Wong at Singapore’s 2026 Budget Statement. However, Wong a ...
14 hours ago
Germany's Stark valued at more than 1 billion euros in funding round, says Manager Magazin
FRANKFURT, Feb 13 : Stark Defence took on new funding from investors a few weeks ago, increasing the overall value of the German startup firm and drone maker to more than 1 billion euros ($1.2 billion), Manager Magazin reported on Friday.Without specifying its sources, the magazine said Peter Thiel& ...
14 hours ago
MAS launches new workgroup to draw growth capital into Singapore
Kwan Wei Kevin Tan and Felicia Tan - The government will establish a Growth Capital Workgroup to support the financing needs of companies at various growth stages within Singapore and around the region, announced the Monetary Authority of Singapore (MAS) on Feb 13. The news comes after Prime Minister and Finance Minister Lawrence Wong ...
14 hours ago
New MAS-MTI Growth Capital Workgroup aims to close gap between private capital and public listings
Ranamita Chakraborty - Led by Chee Hong Tat, the group includes top executives from GIC, Temasek and DBS, along with public and private sector representatives
14 hours ago
New workgroup to draw growth capital into Singapore
Kwan Wei Kevin Tan and Felicia Tan - The government will establish a Growth Capital Workgroup to support the financing needs of companies at various growth stages within Singapore and around the region, announced the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry on Feb 13. The news comes after Prime Minis ...
14 hours ago
New growth capital workgroup led by Chee Hong Tat aims to close gap between private capital and public listings
Ranamita Chakraborty - Members include top executives from GIC, Temasek and DBS, along with public sector representatives
14 hours ago
New MAS growth capital workgroup aims to close gap between private capital and public listings
Ranamita Chakraborty - Members include top executives from GIC, Temasek, Blackrock and DBS, along with public sector representatives
14 hours ago
Japan's Sumitomo Forestry to acquire US builder Tri Pointe Homes for about $4.5 billion
TOKYO, Feb 13 : Japan's Sumitomo Forestry agreed to acquire U.S. homebuilder Tri Pointe Homes for $47.00 per share in cash, valuing the deal at about $4.5 billion, the companies said on Friday.The offer represents a 29 per cent premium to Tri Pointe Homes' closing price on Thursday, the co ...
15 hours ago
Lum Chang Creations receives SGX nod for mainboard transfer from Catalist
Shikhar Gupta - Approval comes a day after it shared its first-half results
15 hours ago
iX Biopharma's placement upsized to $15 mil, 150% higher over the minimum gross proceeds of $6 mil
Teo Zheng Long - In view of the strong investor demand, iX Biopharma (SGX: 42C ) has raised $15 million from a placement, up from an original plan to raise no less than $6 million. The placement is priced at 19.8 cents each, which is a discount of 7.1% to the volume weighted average price of 21.31 cents for trades d ...
15 hours ago
IFAST share price dips despite strong earnings 4QFY2025 announcement; DBS maintains ‘buy’ at $12
Lin Daoyi - Despite announcing a strong performance for FY2025 with higher revenue and profits on Feb 12, shares in iFAST Corporation declined on Feb 13. While the market may be relatively pessimistic, DBS Group Research remains confident in iFAST. In a research note issued on Feb 12, DBS is reaffirming its “ ...
15 hours ago
France-backed Eutelsat reports stronger revenue in Starlink push
PARIS, Feb 13 : Eutelsat on Friday reported better-than-expected revenue, bolstered by efforts from France to advance plans for a European competitor to Elon Musk's Starlink, boosting the satellite operator as it pivots to focus on internet services.Revenue for the first half of the year ended ...
15 hours ago
DBS, BofA and UOB retain ‘buy’ on Singtel as 3QFY2026 tops expectations
Nurdianah Md Nur - DBS Group Research, Bank of America (BofA) Securities and UOB Kay Hian are keeping their bullish calls on Singapore Telecommunications (Singtel) after the telco’s 3QFY2026 results came in ahead of expectations, supported by resilient performance at Optus and stronger contributions from regional as ...
15 hours ago
Capgemini exceeds revenue target as newly acquired WNS drives AI growth
Feb 13 : French IT services group Capgemini on Friday reported full-year revenue that beat its own target, driven by accelerating fourth-quarter growth as its recently bought WNS unit fuelled demand for AI-powered business process services. Revenue grew 3.4 per cent at constant exchange rates to 22 ...
15 hours ago
CGS International keeps ‘add’ on Far East Hospitality Trust as it sees ‘a more exciting year ahead’
Teo Zheng Long - Lock Mun Yee and Li Jialin from CGS International are reiterating their ‘add’ call on Far East Hospitality Trust (SGX: Q5T ) (FEHT), but with a lowered target price of 72 cents, from 76 cents, following the latest FY2025 results. In their Feb 13 report, they see interest expense savings coming t ...
15 hours ago
Lum Chang Creations receives SGX's nod to shift listing to Mainboard
The Edge Singapore - Catalist-listed urban revitalisation specialist Lum Chang Creations, which has listed just last July, has received in-principle approval from SGX to upgrade its listing to the Mainboard. For the six months ended Dec 31 2025, LCC reported earnings of $11 million, an increase of 104%. With effect from ...
16 hours ago
Malaysia's economy grows at fastest pace in 3 years in 2025, exceeding expectations
KUALA LUMPUR, Feb 13 : Malaysia's economy expanded at its fastest pace in three years in 2025, surpassing expectations as strong domestic demand, exports and investment propelled growth, with momentum likely to continue this year, the central bank said on Friday. Full-year 2025 economic ...
16 hours ago
Deutsche Bank’s private bank eyes hiring push in emerging markets
Global financial wealth reached an all-time high of US$305 trillion in 2024
16 hours ago
China is snapping up overseas assets again, from Puma to metals
The turnaround is gathering momentum after a prolonged lull that began in the mid to late 2010s
16 hours ago
Thailand’s Pheu Thai Party to join Bhumjaithai Party-led coalition
[BANGKOK] Thailand’s Pheu Thai Party, which came third in Sunday’s general election, will join poll winner Bhumjaithai Party to form a coalition...
16 hours ago
Thailand’s election winner Bhumjaithai seals coalition deal with Pheu Thai
“We will work together as a government and manage the country so we can do good things for the country,” says Anutin...
16 hours ago
Thai PM Anutin’s conservative party set to invite Thaksin-backed party to join new coalition
Thailand’s stocks and currency have rallied this week