6 hours ago
CapitaLand Ascendas Reit looks to redevelop older business park and data centre assets, as H2 DPU falls 2% to S$0.07528
Jessie Lim - The older business park assets are Changi Business Park and International Business Park
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
CapitaLand Ascendas Reit H2 DPU falls 2% to S$0.07528
Deon Loke - Revenue for the period rises 4.1% on the year to S$783.8 million
6 hours ago
Elliott raises Toyota Industries stake in push to block buyout
The US fund now owns around 7.1% of Toyota Industries
6 hours ago
Apple Ads and Apple Maps should not be designated under Digital Markets Act, says EU
BRUSSELS, Feb 5 : The European Commission said Apple Ads and Apple Maps should not be designated under the EU’s Digital Markets Act, citing Apple Maps' relatively low usage in the EU and the limited scale of Apple Ads in the EU online advertising market."The Commission has concluded that ...
6 hours ago
STI rises 0.2% to new high, edging closer to 5,000 mark
Renald Yeo - Across the broader market, gainers beat losers 306 to 299 after 1.5 billion securities worth S$2 billion change hands
6 hours ago
Hiap Hoe expects 'significant' improvement in its FY2025 earnings
The Edge Singapore - Real estate company Hiap Hoe expects to report a "significant improvement" in its 2HFY2025 and FY2025 earnings for the year ended Dec 2025. The company says the better showing is due to stronger operating performance of its business and also an increase in the fair value of its financial i ...
7 hours ago
CLAR's 2HFY2025 DPU down 2% to 7.528 cents
The Edge Singapore - CapitaLand Ascendas REIT has reported net property and distributable income for its 2HFY2025. However, its DPU of 7.528 cents for its half year ended Dec 2025 was down 2% because of a larger unit base following last June's equity fund-raising. This brings its full-year DPU to 15.005 cents, down ...
7 hours ago
HPH Trust’s FY2025 DPU falls 5.7% to 11.5 HK cents on higher Yantian statutory reserve
Felicia Tan - Hutchison Port Holdings Trust (HPH Trust) announced a distribution per unit (DPU) of 11.5 HK cents (1.9 cents) for FY2025, 5.7% lower than the FY2024 DPU of 12.2 cents, mainly due to the increase in statutory reserve set aside for Yantian in 025. Revenue rose by 2.6% y-o-y to HK$11.86 billion. Combi ...
7 hours ago
CDL, Woh Hup tie-up tops Tanjong Rhu site tender with S$709.25 million bid at S$1,455 psf ppr
Kalpana Rashiwala - The 99-year leasehold private housing site fetches 5 bids
7 hours ago
Exclusive-Syngenta targets up to $10 billion Hong Kong listing in 2026, sources say
ZURICH/HONG KONG, Feb 5 : Syngenta Group is targeting a Hong Kong listing that could raise as much as $10 billion this year, two sources with knowledge of the deal said, setting the Swiss agrichemicals and seeds group on course for one of the world's biggest IPOs in 2026.Syngenta, owned by Chin ...
7 hours ago
Indonesia discussing oil refinery plan with India's Essar Group, energy minister says
JAKARTA, Feb 5 : Indonesia's energy minister Bahlil Lahadalia on Thursday said he has met with Indian conglomerate Essar Group and Indonesia's state energy firm Pertamina to discuss a plan to develop an oil refinery in the country.In the meeting, Bahlil said they discussed the strengthenin ...
7 hours ago
CDL-Woh Hup JV places top bid for Tanjong Rhu GLS site, beating out four others
Jovi Ho - The Tanjong Rhu Road Government Land Sales (GLS) site received a top bid of $1,455 psf per plot ratio (ppr) from a joint venture involving a unit of City Developments (CDL), beating out four other bidders for the first land parcel in the area since 1997. With a bid of over $709 million, CDL Constell ...
7 hours ago
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December
7 hours ago
Maybank lowers FY2026 DPU by 3.8% on ESR-REIT due to ‘potential income vacuum’ from divestments
Douglas Toh - Analyst Liu Miaomiao of Maybank Securities is keeping her “buy” call on ESR-REIT at an unchanged target price of $3.00 following the REIT’s FY2025 ended December 2025 results. In the period, ESR-REIT’s dividend per unit (DPU) grew 3.4% y-o-y to 21.44 cents. Growth was underpinned by an 11.7% ...
8 hours ago
Grab to equip 10,000 drivers, merchants with AI skills by 2028
Young Zhan Heng - This aligns with efforts by policymakers to future-proof workers as AI reshapes business models and jobs
8 hours ago
Britain to work with Microsoft to build deepfake detection system
LONDON, Feb 5 : Britain will work with Microsoft, academics and experts to develop a system to spot deepfake material online, the government said on Thursday, as it moves to set standards for tackling harmful and deceptive AI-generated content.While manipulated material has circulated online for dec ...
8 hours ago
Taiwan to ramp up purchases of US natural gas this year
TAIPEI, Feb 5 : Taiwan will ramp up its purchases of U.S. natural gas to make up about one-third of its imported supply this year, and reduce purchases from other countries, officials said on Thursday.Taiwan, which runs a large trade surplus with the U.S., has shown an interest in a potentially enor ...
8 hours ago
HSBC to cull underperformers as some bankers face zero bonuses
It wants to emulate its Wall Street rivals with a more hard-edged, “eat-what-you-kill” stance
8 hours ago
Analysis:Decisive win for Japan PM Takaichi may be best scenario for bonds, yen
TOKYO, Feb 5 : A landslide win for Japan's ruling Liberal Democratic Party (LDP) at Sunday's election may be the best outcome for bonds and the yen, analysts say, even as Prime Minister Sanae Takaichi's spending pledges have repeatedly rocked markets.The vote has investors on edge bec ...
8 hours ago
Compulsory winding-up applications rise to 15-year high in 2025
Tay Peck Gek - The number of business cessations is the third-highest since 1990
8 hours ago
US drone makers seek Asia sales as China threat rises
US companies open Asia offices, secure regional contracts
8 hours ago
Shell keeps buybacks steady as profit falls, misses expectations
It has a Q4 net profit of US$3.3 billion, dropping 11% from the year before amid lower oil prices
8 hours ago
OCBC maintains top position in Bloomberg’s Bookrunner League Table for SGD bonds
Kwan Wei Kevin Tan - Oversea-Chinese Banking Corporation (OCBC) (SGX: O39 ) has retained its position as the top issuer for Singapore dollar bonds (SGD) in Bloomberg’s Bookrunner League Table for 2025. This is the second consecutive year OCBC has clinched the title. Last year, OCBC participated in 59 SGD bond issuance ...
8 hours ago
Anthropic's AI push raises analyst concerns over IT services revenues
Feb 5 : Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.Shares in India's software ...
8 hours ago
Anthropic's AI push raises analyst concerns over Indian IT services revenues
Feb 5 : Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.Shares in India's software ...
9 hours ago
Hillhouse-backed EZA Hill defends ‘contrarian’ investment focus on industrial, logistics assets
Jovi Ho - Deal-making, like the arts, might be the “last bastion for human-only jobs”, says Frank Ng, chief investment officer of EZA Hill. “Identifying mispriced opportunities in opaque markets, reading the tea leaves of structural market trends, understanding political risk in more volatile markets ...
9 hours ago
Singapore’s space push faces cyber risks from legacy satellite systems
Nurdianah Md Nur - Singapore’s ambitions in the fast-growing space economy are colliding with a sobering reality. Much of the satellite infrastructure that underpins emergency response, navigation and financial transactions was built at a time when cybersecurity was not a design priority, says David Koh, chief execu ...
9 hours ago
Taiwan's ASE sees its advanced packaging business doubling to $3.2 billion in 2026
TAIPEI, Feb 5 : ASE Technology Holding, the world's largest chip packaging and testing provider, on Thursday said it expects its leading-edge advanced packaging business to double in size to $3.2 billion in 2026.The Taiwanese company made the comment on a conference call following its quarterly ...
9 hours ago
Bitcoin slumps with key US$70,000 level in sight
Bitcoin tumbled more than 3% in the Asian session to US$70,052.38
9 hours ago
Bitcoin falls below US$70,000 as market faces a ‘crisis of faith’
Bitcoin tumbled as low as US69,821 in early New York trading on Thursday
9 hours ago
BT sees record fibre demand, stabilises overall customer losses
LONDON, Feb 5 : BT, Britain's biggest telecoms group, said it was seeing record demand from homes and businesses wanting to connect to its growing fibre network, helping reduce its overall customer losses.The group has been losing customers from its national Openreach fibre network to smaller r ...
9 hours ago
UK's BT on track as broadband strengthens
LONDON, Feb 5 : BT, Britain's biggest broadband operator which also owns the EE mobile network, posted in-line quarterly results, and said its forecast for line losses this year had improved, putting it on track to meet its targets. BT, which is in the final stages of building its Openreach fib ...
9 hours ago
UK's BT says on track to meet forecasts for the year
LONDON, Feb 5 : BT, Britain's biggest broadband operator which also owns the EE mobile network, posted a 4 per cent fall in quarterly revenue, in line with forecasts, and said it was on track to meet its targets for the year.
9 hours ago
French Minister: 2026 will be year of resistance against Shein
PARIS, Feb 5 : Serge Papin, the French Minister for small and medium sized businesses, said on Thursday that 2026 will be the year of resistance against Shein and other on-line platforms which he accused of not being accountable for the products they sell.He told TV station TF1 that physical stores ...