ISDN’s 1HFY2026 earnings surge more than 700% y-o-y to $10.4 mil; revenue at record high of $253.6 mil
Teo Zheng Long - ISDN Holdings (SGX: I07 ) has reported earnings of $10.4 million for 1HFY2026, ended June 30, a significant jump of 707.2% y-o-y. Revenue increased 19.1% y-o-y to a record high of $253.6 million in 1HFY2026, driven by strong growth across its industrial automation business segment. Revenue from its ...
US retail sales unexpectedly fall in July
[WASHINGTON] US retail sales unexpectedly fell in July after recent strong gains that were fuelled by large tax refunds, but consumer spending...
Hotel Properties falls into the red with S$39.1 million H1 net loss
Chloe Lim - Loss per share comes in at S$0.0819, reversing from earnings per share of S$0.0134 in H1 FY2025
Shell loses lengthy legal fight with South African activists
Paul Burkhardt / Bloomberg - (Aug 14): Shell Plc lost the latest round of a five-year legal fight with environmental activists over a South African oil-exploration campaign that went all the way to the nation’s top court. The oil major won’t be allowed to renew an exploration right off South Africa’s rugged Indian Ocean W ...
Straits Trading H1 net loss narrows by 72.7% to S$11.1 million
Chloe Lim - Improvement driven mainly by stronger performance from resources segment and absence of non-cash remeasurement loss
Indonesia bets on bigger spending, tighter resource control to drive 2027 growth
Elisa Valenta - The outcome could shape the country’s economic trajectory relative to that of its South-east Asian peers
Why Tata Sons’ leadership crisis comes at a critical moment
Chairman Natarajan Chandrasekaran’s decision to step down can impact the company’s plans for a costly investment in chip manufacturing
Oil climbs over $1 on tanker attacks, no progrees on peace
HOUSTON, Aug 14 : Crude oil futures climbed over $1 a berrel on Friday on tanker attacks and a lack of progress on a peace agreement between the Trump administration and Iran's leadership.Brent futures settled at $88.52 a barrel, up $1.45, or 1.67 per cent. U.S. West Texas Intermediate crude fu ...
Oil set for weekly gains after US threatens indefinite blockade of Iran
Aug 14 : Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.Brent futures were up 12 cents, or 0.14 per cent, to $87.19 a barrel at 1047 GMT, w ...
Oil climbs on tanker attacks, US-Iran claims about Hormuz control
HOUSTON, Aug 14 : Crude oil prices climbed on Friday over renewed attacks on tankers and a war of words between the Trump administration and Iran's leadership.Brent futures were up 80 cents, or 0.92 per cent, to $87.87 a barrel at 10:48 a.m. CT (1548 GMT), while U.S. West Texas Intermediate cru ...
Singapore stocks end higher on Friday; STI gains 0.4%
Genting Singapore leads the gainers on the blue-chip index
ComfortDelGro H1 profit falls 19.7% as group focuses on long-term transformation
Lionel Lim - Revenue rises 5.7% to S$2.6 billion from S$2.4 billion, supported by public transport segment
China's Z.ai says new model nears Anthropic's Mythos 5 in cyber-defence tests
BEIJING: Chinese AI startup Z.ai said on Friday (Aug 14) its open-source GLM-5.3 model had neared Anthropic's restricted Mythos 5 in identifying software vulnerabilities, bolstering the credentials of a Chinese AI challenger gaining traction among Western developers.Z.ai said GLM-5.3 scored 84. ...
Stablecoin issuer Tether says KPMG US has audited its 2025 statements
PARIS, Aug 14 : El Salvador-based Tether, which issues the world's largest stablecoin, said KPMG U.S. had performed a "full independent audit" of its financial statements for the first time. The audit, which was not made public, marks a move by Tether to reassure markets about its fin ...
CNMC Goldmine’s patmi up 17.8% y-o-y to US$18.6 mil; declares dividends of two cents
Lin Daoyi - For 1HFY2026 ended June 30, Mainboard-listed CNMC Goldmine Holdings reported a 17.8% y-o-y rise in net profit to US$18.6 ($23.8) million, on revenue of US$65.2 million which is 23.4% higher y-o-y. An interim dividend of 0.4 cents and special dividend of 1.6 cents were declared. This is up 0.5 cents ...
Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion
Aug 14 : Alphabet's early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June compared with the $900 million investment it said it made in Elon Musk's rocket company in 2015.Alphabet has emerged as by far the ...
Haw Par’s earnings drop 25.2% y-o-y to $108 mil for 1HFY2026; declares 20 cents interim dividend
Lin Daoyi - For 1HFY2026 ended June 30, Tiger Balm manufacturer Haw Par Corporation reported a 25.2% y-o-y decline in earnings to around $108 million. Revenue from core operations declined 9.2% y-o-y to nearly $116 million, reflecting “softer” consumer sentiment affected by inflationary pressures from highe ...
Hong Kong raises growth outlook as global AI demand boosts trade
Julia Zhong & Pui Gwen Yeung / Bloomberg - (Aug 14): Hong Kong raised its full-year growth forecast after a global investment boom in artificial intelligence supercharged exports and helped deliver the economy’s strongest first-half performance in almost five years. The government on Friday said gross domestic product would expand 3.5% to ...
Wee Ee Chao disposes of 600,000 shares in UOB Kay Hian at $4.60 apiece
Felicia Tan - Wee Ee Chao, chairman and managing director of UOB Kay Hian, has sold 600,000 shares in the brokerage at $4.60184 apiece. The disposals were done via K.I.P. Inc. and U.I.P. Holdings, which sold 300,000 shares each, both on Aug 13. The disposals have lowered Wee’s stake in UOB Kay Hian to 36.11% pe ...
CSE Global secures major electrification contract in US worth $64.3 mil
Teo Zheng Long - CSE Global (SGX: 544 ) announced that it has secured a major electrification contract worth US$49.8 million ($64.3 million) in the US. The contract is for the design and manufacture of power distribution centres (PDCs), as well as the integration of complex electrical and control systems and equipme ...
ComfortDelGro’s 1HFY2026 patmi down 19.7% y-o-y to $85.1 mil; maintains dividend at 3.91 cents
Felicia Tan - ComfortDelGro has reported patmi of $85.1 million for the 1HFY2026 ended June 30, 19.7% lower y-o-y, as improved earnings from the group’s public transport segment and inspection & testing services were offset by declines in the taxi & private hire business and other segments. That said, t ...
Indonesia's Prabowo proposes deficit at 2.4% of GDP in 2027 budget
He is proposing a US$230 billion budget for 2027
Trump’s 100% tariff on drones deepens US-China tech decoupling
Laura Curtis, Alicia Diaz & Lucille Liu / Bloomberg - (Aug 14): The Trump administration is imposing tariffs of as much as 100% on imported drones and their components, escalating efforts to reduce US reliance on foreign suppliers and potentially accelerating a decoupling of drone supply chains with China. The top rate will apply to heavier drones — ...
Applied Materials slips as investors seek faster growth after stellar run
Aug 14 : Applied Materials shares fell about 5 per cent in premarket trading on Friday, as the chip equipment maker's upbeat outlook failed to soothe investors worried about the threat from intensifying competition.The muted reaction illustrates the high bar chip stocks have to clear and sugges ...
US flags 40 economies, including Singapore, in China’s ‘shadow transshipment network’
A White House report frames the routing of Chinese goods through an intermediate lower-tariffed country by concealing the true origin
US flags 40 economies, including Singapore, in China’s ‘shadow transhipment network’
[SINGAPORE] Singapore and dozens of other countries are at risk of being used by Chinese exporters to avoid US tariffs, President Donald Trump’s...
OpenAI steps up Singapore footprint, in talks to lease 100,000 sq ft in Shaw Tower
Kalpana Rashiwala - Rival Anthropic has leased about 100 desks within The Executive Centre facility at Ocean Financial Centre
Philippines to temper rate hikes, boost spending as growth slows
Ditas B Lopez / Bloomberg - (Aug 14): The Philippine central bank said it will be less aggressive in fighting inflation as economic growth slows, while President Ferdinand Marcos Jr pledged to ramp up fiscal support. “The weaker growth that we’re seeing means we’ll be less aggressive in trying to tame inflation,” Bangk ...
US TerraPower, South Korea's SK Innovation sign preliminary deal on global SMR projects
SEOUL, Aug 14 : TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul's Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S. company's projects at home and abroad. The ...
DFI Retail Group to be exclusive wholesaler for GNC in Hong Kong, Macau, Singapore
Chloe Lim - This is part of a new partnership between the two companies to deepen access to GNC’s health and wellness products and solutions.
GNC seals regional deal with DFI Retail following court win against Ron Sim’s LAC
Chloe Lim - DFI will be exclusive wholesaler, distributor and franchisee for the health and wellness brand in HK, Macau and Singapore
Aviva beats profit expectations as Direct Line and wealth management drive growth
Its Direct Line deal made Aviva Britain’s largest multiline insurer
French taxpayers' data stolen in cyber attack, French Finance Ministry says
PARIS, Aug 14 : French taxpayers' data, both individuals and professionals, were stolen in a cyberattack, the French Finance Ministry said late on Thursday.• A "malicious actor" claimed on Wednesday he broke into the tax agency, General Direction of Public Finances, in late June, th ...
Indian electronics firm Eureka investigating findings of child labour at supplier
NEW DELHI, Aug 14 : Indian electronics company Eureka Forbes said it has launched an internal investigation into its supply chain after authorities uncovered child labour at one of its suppliers in New Delhi.The National Human Rights Commission this week asked Eureka, as well as electrical equipment ...
