France halted Eutelsat's sale of ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure earlier this week blocked Eutelsat's sale of its ground antennas, he said on Friday, citing national security concerns tied to the satellite operator, the main European rival to Elon Musk's Starlink."These antennas are used for bo ...
France prevented Eutelsat from selling ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure said on Friday he had decided earlier this week to prevent French satellite operator Eutelsat, a rival to Elon Musk's Starlink, from selling ground antennas, which enable communication with satellites."These antennas are used for both ...
SMFG books 12% rise in Q3 profit, on track for another record year
TOKYO, Jan 30 : Japan's second largest banking group Sumitomo Mitsui Financial Group reported a 12 per cent rise in third quarter net profit, it said on Friday.SMFG generated net profit of 461 billion yen ($3 billion)over October-December, up from 410.8 billion yen over the same period the prev ...
Nomura quarterly profit falls on Macquarie acquisition cost; JGB yield surge impact limited
TOKYO, Jan 30 : Japan's Nomura Holdings on Friday said third-quarter net profit fell nearly 10 per cent from a year earlier, weighed by expenses related to its $1.8 billion acquisition of investment management assets from Australia's Macquarie Group.Still, the country's largest invest ...
Nomura logs 10% fall in third-quarter profit
TOKYO, Jan 30 : Japan's largest investment bank and brokerage, Nomura Holdings, reported a nearly 10 per cent year-on-year drop in third-quarter net profit on Friday.Net profit for the October-December period came to 91.6 billion yen ($595.31 million), compared to 101.4 billion yen over the sam ...
South-east Asia seeks data centre investments – but must reckon with their thirst
Sharanya Pillai - With rapid data centre growth straining the region’s water supply, the race is on for alternative water sources and cooling technologies.
Apple to prioritize premium iPhone launches in 2026, Nikkei Asia reports
Jan 30 : Apple is prioritizing production and shipment of its three highest-end iPhone models for 2026 while delaying the rollout of its standard model due to a marketing strategy shift and supply-chain constraints, Nikkei Asia reported on Friday, citing four people with knowledge of the matter.Reut ...
Singapore, Vietnam remain on US Treasury’s currency watch list; Thailand added
Benicia Tan - US reinforces monitoring criteria but did not designate any country as a currency manipulator
Singapore’s private-sector leaders back ESR strategy, highlighting global expansion and AI
Low Youjin - Industry participants say the review clarifies the Republic’s growth direction
Driving growth, creating jobs: What are the Economic Strategy Review’s 7 recommendations?
Elysia Tan - These are crafted from suggestions by businesses and workers over 60 engagements, events and company visits since August
GDP growth may no longer translate to jobs; deliberate strategy needed to create diverse opportunities: DPM Gan
Growing Singapore’s economy and creating good jobs are “twin challenges” for the country, said Deputy Prime Minister Gan Kim Yong.
Don’t assume growth will create good jobs, says DPM Gan as Economic Strategy Review unveils 7 plans
Tessa Oh - The committee gives its initial recommendations ahead of its final report to be ready in mid-2026
Malaysian Central Bank rejects using ringgit to help exports
It says strong growth and ongoing reforms provide support for the ringgit
Indonesia committed to measures to boost stock market transparency, minister says
JAKARTA, Jan 30 : Indonesia is committed to introducing necessary reforms in the operation of its stock market, the country's chief economic minister Airlangga Hartarto reiterated on Friday, after global agency concerns about transparency triggered an $80 billion market rout."In response ...
Stocks tumble on bets Kevin Warsh is Trump’s Fed pick
Asian stocks fell, led by declines in China
An EQDP pivot could be transformational
Dr Foo Fatt Kah - Singapore launched the Equity Market Development Programme (EQDP) to revitalise the domestic stock market in response to long-standing concerns over low valuations, declining liquidity and low investor participation. The EQDP sought to attract high-quality listings, enhance market vibrancy, and supp ...
Is it time to rethink cash and CDC handouts?
Felicia Tan - As Singapore gears up for Budget 2026 on Feb 12, it is worth asking whether cash handouts and Community Development Council (CDC) vouchers are being used as effectively as intended. Since its launch in 2021, Singaporeans have enjoyed CDC vouchers, initially meant to thank citizens for their solidari ...
Gold retreats as reports on Trump’s Fed nominee boost dollar
Gold has gained by more than a fifth so far this year
A tale of two IPOs
Kwan Wei Kevin Tan - January is over, and two IPOs have hit the market. AI and cloud communications platform Toku and co-living operator The Assembly Place made their trading debuts on the Singapore Exchange (SGX)’s Catalist board on Jan 22 and Jan 23, respectively. Notably, both listings achieved an IPO “pop”, wi ...
Ko Chee Wah is sporting for his second listing with Kin Productions
The Edge Singapore - For many pre-IPO companies, they can be very cagey and not commit to saying they are doing a listing until they have filed their prospectuses. Ko Chee Wah, chairman of Kin Productions, has no such hang-ups. Sometime this year, Ko plans to bring this company, which specialises in sports events manage ...
From fashion to aviation: Doris Tan leads Shell’s green jet fuel take-off
Sharanya Pillai - Tan believes that green jet fuel is the best bet to decarbonise flying, as Asia gears up for a travel boom
Sanli Environmental stays focused on diversification despite project hiccup
Lin Daoyi - In the second half of last year, Sanli Environmental was attracting more trading interest, thanks to a growing order book that reached a record $781.5 million amid a buoyant market that has filtered down from blue chips to small and mid caps. Taking advantage of a rising share price, Sanli made two ...
Japan’s Nintendo and Sony face memory price pressures
NINTENDO and Sony Group will face scrutiny over how soaring memory chip prices driven by AI demand have affected their game console...
‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices
Therese Soh - Company also credits higher production output at two of its processing plants
Trump administration prepares for Warsh Fed chair nomination
Warsh previously served on the US central bank’s Board of Governors
Vietnam-Singapore partnership seen as catalyst for scaling sustainable innovation
Jamille Tran - Singapore-backed initiatives such as UniVentures strengthen bilateral ties by preparing Vietnamese startups for regional expansion
Modest roar for Maybank’s new strategy as investors await capital management clarity
Adeline Paul Raj - Malayan Banking Bhd’s new five year strategy that was unveiled on Jan 20 had a moderate impact on the stock, with investors wanting clearer guidance from its upcoming earnings release on how else the bank can reward shareholders. Closing 1.8% higher at a fresh 12-month high of RM11.36 ($3.63) at t ...
Doing what you’re told is no defence in Singapore’s capital markets
Frankie Ho - It’s one of the more uncomfortable positions a listed company can find itself in: doing exactly what it believed it was advised to do, raising the capital it said it would raise, and still being told thereafter that it had crossed a regulatory line. The irony of it all is that this outcome arose n ...
Panama court voids CK Hutchison port contracts
The lawsuit to cancel the contracts was brought before the Panamanian high court last year on allegations that it was based on unconstitutional laws and that the Hong Kong business was not paying taxes.
TSMC at the epicentre of the AI arms race
Assif Shameen - At the end of last month, 95-year-old legendary investor Warren Buffett stepped down as the CEO of Berkshire Hathaway, the storied investment firm he helmed for 60 years. The “Oracle of Omaha” made a ton of great investments in his career, including buying iPhone maker Apple 10 years ago and Coc ...
Indonesia stock exchange CEO resigns after US$80 billion market rout
SINGAPORE: The head of Indonesia's stock exchange Iman Rachman has resigned, the exchange said on Friday (Jan 30), as the consequences of a warning from index provider MSCI of a possible downgrade that triggered a more than US$80 billion market rout continue to reverberate.The benchmark Jakarta ...
Much ado about nothing
Chew Sutat - On Jan 20, 2025, Donald Trump was inaugurated for the second time. As the president of the world’s largest economy, Trump would, over the following year, to the aghast of allies, assert America’s new role as the world’s latest hegemon. One year on, Prime Minister Mark Carney of Canada, one of ...
RWS ‘better positioned’ to win back high-rollers from MBS: DBS
Deon Loke - Integrated resort on Sentosa could attract higher-value traffic after renovations, launch of luxury hotel
Indonesia stock exchange chief resigns after MSCI shock triggers market turmoil
Elisa Valenta - The sell-off has drawn swift reactions from global investors
