DFI speeds up transformation with divestments across Asia
Samantha Chiew - DFI Retail Group’s recent divestments are not isolated deals but part of a broader reset, as group CEO Scott Price refocuses the Asian retailer on businesses where it has greater control and better margins In his own words, Scott Price calls himself “a little bit of a rebel”. The group CEO of ...
Deutsche Bank raises bonus pool by 6.6% after mixed performance
The total year-end bonuses go up to 2.7 billion euros for 2025, from 2.5 billion euros the year before
UOB Kay Hian lifts Huationg Global’s TP after record FY2025 performance
Felicia Tan - UOB Kay Hian analysts Heidi Mo and Tang Kai Jie have raised their target price for Huationg Global to $1.23 from $1.15 previously after the construction company posted record high earnings in FY2025. For the 12 months ended Dec 31, 2025, Huationg’s earnings rose by 21.1% y-o-y to $19.8 million, ex ...
South Korea to cap fuel price starting Friday to ease consumer burden
SEOUL, March 12 : South Korea said on Thursday that it will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East. The move comes as South Korea is scrambling to cushion the impact of the Middle East energy crisis on Asia' ...
South Korea to impose fuel price cap starting Friday, media reports say
SEOUL, March 12 : South Korea will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East, media reports said. South Korea will also restrict the stockpiling of petroleum products, requiring refiners to release at least 90 per c ...
Chipmaking tool provider KLA unveils additional $7 billion share buyback and dividend increase
March 12 : Chipmaking tool provider KLA Corp on Thursday announced a new $7 billion stock buyback program and a 21 per cent increase in its quarterly dividend, while reaffirming its forecast for the current quarter.This buyback, with no specified timeframe, is in addition to the company's exist ...
Bumble shares surge as investors swipe right on AI-powered reboot
March 12 : Bumble shares jumped more than 40 per cent in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI‑driven overhaul of its apps to lure back younger users.The rebound comes after years of losses and battered investor confidence, with the sto ...
Bumble shares rally on earnings beat, optimism around AI‑led app revamp
March 12 - Bumble shares surged 25 per cent in premarket trading on Thursday, as stronger‑than‑expected fourth‑quarter results and an AI‑focused overhaul of its dating app aimed at winning back younger users reignited investor optimism. CEO Whitney Wolfe Herd's push for AI‑driven prod ...
Bridge Data Centres to invest up to S$5 billion in Singapore AI push
Shikhar Gupta - The Bain Capital-backed firm is aiming for 2 gigawatts of regional capacity by 2030
Indian rice exports slow as Middle East war pushes up freight and insurance costs
MUMBAI, March 12 : Rice exports from India are slowing as the U.S.-Israeli war on Iran pushes up freight and insurance costs, making it harder for exporters to secure vessels, five exporters told Reuters.India, which accounts for more than 40 per cent of world rice exports, usually ships more than t ...
US insurers and hospitals turn to new AI for age-old battle over charges vs payments
March 12 : Artificial intelligence is being deployed on both sides of the tug-of-war between U.S. healthcare systems that want to be paid more for medical procedures and insurers who want proof the services were necessary, and experts are having a hard time predicting a winner.Centene, an insurer fo ...
Software companies fight back against fears that AI will kill them
March 12 : Oracle's Mike Sicilia is the latest software CEO to wade in to the debate on whether artificial intelligence tools that heavily automate human tasks will mean the demise of his industry. His verdict was a resounding "no." "You've all heard ... that new companies c ...
Google names London office 'Platform 37' in a nod to railway neighbour, AI 'Go' match
LONDON, March 12 : Google has named its new London headquarters "Platform 37" in a nod to its neighbour, King's Cross railway station, and "Move 37" - a pivotal play made by DeepMind's AI system AlphaGo in a legendary match of the ancient boardgame Go against world cham ...
Lowering the consent threshold alone may not revive the en bloc market
Gerine Tang Yi Qian - The 43-year-old Cashew Park Condominium offers a glimpse into today’s en bloc market, where ageing estates wrestle with rising maintenance costs and the challenge of rounding up enough owners for a collective sale A successful en bloc sale can turn an ageing condominium into a multi-million-dollar ...
BMW expects 2026 earnings to decline as tariffs bite
Profit before tax is forecast to fall between 5 and 9.9%
Blue chips close lower in Singapore; STI slides 0.2%
Tay Peck Gek - Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands
KSH Holdings wins new contract worth more than $32 mil; total order book around $1 bil
The Edge Singapore - KSH Holdings has won a new contract worth more than $32 million. With this, its total order book has reached around $1 billion. These existing contracts on hand will provide earnings visibility to its financial year ending March 2030. KSH Holdings shares closed at 35 cents on March 12, down 2.82% fo ...
GLP seeks US$20 billion valuation in planned Hong Kong IPO: sources
Deal would mark GLP’s return to public markets
Bank Indonesia to hold key rate at 4.75% on March 17 as Middle East war weighs on rupiah - Reuters poll
BENGALURU, March 12 : Bank Indonesia (BI) will keep interest rates steady for a sixth consecutive meeting on Tuesday, according to a majority of economists in a Reuters poll, as renewed pressure on the rupiah from the Middle East war limits the central bank's room to ease policy.While BI has pr ...
Hongkong Land appoints four portfolio Chief Executives to accelerate Strategic Vision 2035
The Edge Singapore - On March 12, Hongkong Land announced the appointment of four Portfolio Chief Executives and the establishment of a revised Management Committee. These changes took effect March 1 and are part a new portfolio-led operating model designed to drive growth across the group’s core markets. The updated ...
Honda flags operating loss of as much as US$3.6 billion this fiscal year
The loss is due to mounting costs related to its electric vehicle strategy
Goldman Sachs delays Fed rate-cut call as Middle East war lifts inflation risks
It now expects quarter-point reductions in September and December
Vietnam’s aircraft orders are soaring. Now it wants the financing at home
Jamille Tran - Airlines are looking beyond the Middle East challenges as they aim to position the country as a regional aviation hub
JPMorganChase Corporate Challenge returns to Singapore on Apr 16
The Edge Singapore - In April, the JPMorganChase Corporate Challenge celebrates its 24th year in Singapore, where an expected 13,000 runners, joggers and walkers are expected to gather at the F1 Pit Building. The event takes place on April 16, a weekday evening so that office workers can join in. The 5.6 km distance is ...
Mobility, delivery firms take different tacks in helping riders, drivers tackle fuel spikes in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
Mobility and delivery firms differ in defraying fuel costs for riders and drivers in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
Seatrium establishes house union to represent more than 5,000 workers
Chloe Lim - This move provides a ‘unified platform’ to support and represent the company’s workforce
Asia Pacific’s US$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about US$800 billion ($1.02 trillion) expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pa ...
Asia Pacific’s USD$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about USD$800 billion expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pacific’s data c ...
Honda expects FY2025/26 loss of up to $4.3 billion from review of EV strategy
TOKYO, March 12 : Honda Motor revised down its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) in the financial year ending this month due to reassessment of its electrification strategy, it said on Thursday.The Japanese carmaker cancelled development ...
China orders immediate ban on March fuel exports: sources
The Asian nation is the world’s biggest oil importer and a major fuel exporter
UI Boustead Reit closes 8.5% below IPO price amid broader market retreat
Shikhar Gupta - It is the first 2026 mainboard listing, and follows a strong offering pipeline in 2025
UI Boustead Reit opens 8.5% below IPO price amid broader market retreat
Shikhar Gupta - It is the first 2026 mainboard listing, and follows a strong offering pipeline in 2025
Estee Lauder sues perfumer Jo Malone for breach of contract
US company objects to use of British entrepreneur’s name in her collaboration with Zara.
