Sunright returns to profitability in 1HFY2026, with net profit of $1.4 mil
Teo Zheng Long - Sunright Limited (SGX: S71 ) (Sunright) reversed back into the black with a net profit of $1.4 million in 1HFY2026, ended Jan 31, 2026, compared against a loss of $4.6 million a year ago. Revenue was up by 15% y-o-y to $40.1 million, driven by higher equipment deliveries and services as a result of ...
Elevated crude prices rein in Singapore shares performance; STI down 0.3%
Tay Peck Gek - Decliners beat gainers 313 to 266 across the broader market, with 1.4 billion securities worth S$1.8 billion transacted
Adobe shares drop as CEO exit fans uncertainty over AI strategy
March 13 : Adobe's battered shares fell another 6 per cent on Friday as news that the Photoshop maker's long-time CEO would step down cast fresh doubts over its strategy to battle mounting AI competition. Shantanu Narayen is credited with crafting the modern Adobe by turning its creative t ...
Adobe shares drop as CEO exit spotlights crucial AI strategy
March 13 : Adobe's battered shares fell another 7 per cent on Friday as news that the Photoshop maker's long-time CEO will step down cast fresh doubts over its strategy to battle mounting AI competition. Shantanu Narayen is credited with crafting the modern Adobe by turning its creative to ...
Adobe shares drop after CEO exit adds to AI-disruption concerns
March 13 : Adobe's shares plunged 9 per cent in premarket trading on Friday after the Photoshop maker said CEO Shantanu Narayen would step down after 18 years at the helm, unsettling investors already wary of AI-driven disruptions to the design software market.The longtime CEO's exit comes ...
Singapore’s EV charging prices remain stable, but an April increase looms
Derryn Wong - Observers say climbing natural gas prices and a bump in electricity tariffs could make charging more expensive from next month
BYD to launch new premium EV in Europe that can charge in minutes
Denza Z9GT highlights Chinese EV makers’ edge over European rivals in next-generation car technology
Petrol prices in Singapore surpass highs set during Ukraine crisis in 2022
[SINGAPORE] Pump prices, which have risen steadily here since the conflict in Iran effectively closed a waterway critical to oil supplies, have surpassed records...
Japan to consider whether to buy Russian crude following US sanctions waiver
TOKYO, March 13 : Japan will consider whether to buy Russian crude after the U.S. issued a 30-day sanctions waiver amid the Iran war by taking into account international conditions and its national interests, an industry ministry official said on Friday.The U.S. waiver allows countries to buy sancti ...
RHB initiates ‘buy’ on Lum Chang Creations, sees firm as key beneficiary of Singapore’s urban revitalisation
Felicia Tan - RHB Bank Singapore analyst Alfie Yeo has initiated a “buy” call on Lum Chang Creations given that the company is seen as a “strong beneficiary” of Singapore’s urban revitalisation specialist (URS) growth. The industry is forecasted by research and business intelligence services provider, C ...
Oil spike pushes Malaysia fuel subsidies to RM3.2 billion a month
Tan Ai Leng - The monthly bill rises more than four times from RM700 million previously, but the government says it is poised to absorb the...
SAP Labs to hire and train 50 AI scientists and machine learning engineers in Singapore under IMDA’s TeSA
Nurdianah Md Nur - SAP Labs East Asia Singapore will hire and train 50 graduates and mid-career professionals as artificial intelligence (AI) scientists and machine learning engineers over the next three years through the Infocomm Media Development Authority’s (IMDA) TechSkills Accelerator (TeSA) initiative. The new ...
A backlash against data centres is spilling into French municipal election races
LE BOURGET, France, March 13 : In the town of Le Bourget outside Paris, Sofiane Milous, a candidate in France's municipal elections, is vowing to reverse plans for a data centre he says will intensify heat islands, worsen noise pollution and create few local jobs.The former judo champion, runni ...
HSBC, Standard Chartered to get stablecoin licenses in Hong Kong
The city has been pushing ahead with ambitions to become a crypto hub through a series of regulatory measures first announced in...
Exclusive-ABB open to 'more than one' big deal in renewed M&A drive, chairman says
ZURICH, March 13 : ABB is stepping up its acquisition drive and is open to pursuing more than one multi-billion dollar transaction, Chairman Peter Voser told Reuters, as the Swiss engineering group looks to speed up growth after years of divestments.Voser said ABB, which has a market cap of 125 bill ...
The ‘5 am Club’: How early-morning routines work for business leaders
Ranamita Chakraborty - For some CEOs, beginning the day at the crack of dawn gives them some protected time before work demands flood in
Alibaba debuts OpenClaw app to feed China’s agentic AI addiction
The reaction from authorities has been mixed
Oil heads for weekly gains despite US sanctions waiver on Russian oil
On Thursday, both benchmark prices hit their highest levels since August 2022
SoftBank’s PayPay keeps dual listing on table after solid US IPO
The payments app has so far remained largely corralled within Japan’s cash-reliant ecosystem
Lucence, DxD Hub and NCCS launch $6 mil cancer diagnostics research collaboration
Nurdianah Md Nur - A $6 million research collaboration to develop a next-generation clinical-grade cancer profiling test has been launched by Singapore-based precision oncology company Lucence, together with the Diagnostics Development Hub (DxD Hub), hosted by the Agency for Science, Technology and Research, and the N ...
Air freight rates soar as Middle East conflict blocks trade routes
Jet fuel price has doubled since the start of the war
Surviving the shock: 15 stocks on the SGX that shrugged off the sell-off
Shikhar Gupta - Some stand to benefit from the conflict, while others have fundamentals too strong to suppress
Surviving the shock: 15 SGX stocks that gained over 5% as the market slumped
Shikhar Gupta - Some stand to benefit from the conflict, while others have fundamentals too strong to suppress
Recent volatility in oil prices should not faze ComfortDelGro
Felicia Tan - In an almost knee-jerk reaction to the latest war in the Middle East, share prices of transport operators ranging from Singapore Airlines to ComfortDelGro (CDG) dropped. Yet, this latest bout of volatility in oil prices is unlikely to rattle CDG, which has weathered several similar cycles over the d ...
Analysis:Why Japan's bar for yen intervention is now higher
TOKYO, March 13 : Japan likely has less scope to intervene in the currency market than it did in the past, even as the Middle East conflict pushes the yen back towards the key 160-per-dollar line once considered the trigger threshold for authorities to act.The recent reluctance by officials to talk ...
Does the new attitude at Jardines go well with STI’s own level-up?
The Edge Singapore - For years, aided by a complicated cross-holding structure, the Keswick family has kept a snug control over the multiple listed entities forming the sprawling Jardine conglomerate. Perhaps this is a necessary mindset and a helpful move, given how, for the past two centuries, Jardine has had to surviv ...
Data centre giant AirTrunk bets big on Singapore, mulls Reit IPO among other capital-raising options
Sharanya Pillai - The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030
Data centre giant AirTrunk bets big on Singapore, mulling Reit IPO
Sharanya Pillai - The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030
China’s ByteDance gets access to top Nvidia AI chips, WSJ reports
The hardware involved could cost more than US$2.5 billion
War in Iran ‘not a bad thing’ for Yangzijiang Maritime
Frankie Ho - Few industries react as quickly to geopolitical shocks as shipping. The current war in Iran is once again putting global tanker markets on edge. Several commercial vessels have reportedly been struck in recent weeks as tensions intensify around the Strait of Hormuz, the narrow waterway through which ...
The STI quietly hit 5,000 in February. This deserves a louder cheer
Kwan Wei Kevin Tan and Felicia Tan - It's hard trying to justify getting into Singapore equities when you can get exposure to any market in the world these days. Want to get in on the action of the Magnificent 7 and their AI ambitions? Buy Nvidia or Alphabet stocks directly. More risk-averse? Invest in exchange-traded funds (ETFs) ...
Asia set to pledge US$30 billion in energy, mineral deals with US
Overall, some 18 nations are set to participate, including Australia, Bangladesh and South Korea
UI Boustead REIT seeks multiple growth levers after listing
Teo Zheng Long - Singapore’s industrial REIT space is poised to be more crowded with the listing of UI Boustead REIT (SGX: UIBU ) . With 23 properties under its belt, 21 of which are leasehold in Singapore and two freehold in Japan, its entire portfolio is valued at $1.9 billion. Of the approximately 677.17 millio ...
Japan’s stock market a safe haven in turbulent times
Andrew Sheng - After three lost decades, the Japanese stock market has recovered with a roar in the last three years. After the spectacular bursting of the Japanese asset price bubble in 1990, the first decade saw the Nikkei 225 index drop from a 1989 peak of 39,000 to 7,600 in the following decade, with a brief r ...
