13 hours ago
Singapore stocks continue rally on Wednesday; STI up 0.4%
Benjamin Cher - SGX leads gainers on blue-chip index; best performer on iEdge Singapore Next 50 Index is UOB Kay Hian
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Singapore stocks continue rally on Wednesday, up 0.4 per cent
Benjamin Cher - SGX leads the gainers on Singapore’s blue-chip index; the best performer on the iEdge Singapore Next 50 Index is UOB Kay Hian
13 hours ago
Firms must move beyond AI ‘Ikea moment’ as most remain stuck in experimental stage: Josephine Teo
Young Zhan Heng - While there is high enthusiasm for AI, more than half of South-east Asian companies remain in the piloting stage, says a new...
13 hours ago
Oil up 2% as tension in Middle East offset large US crude stocks build
NEW YORK, Feb 11 : Oil prices gained nearly 2 per cent on Wednesday, as investors worried about escalating tension between Iran and the U.S., which were preparing to resume negotiations, while a weekly report showing large build in crude inventories in the U.S. limited gains.Brent crude oil futures ...
13 hours ago
Oil rises 2% on US–Iran tensions, improved demand
LONDON, Feb 11 : Oil prices gained around 2 per cent on Wednesday, buoyed by potential supply risks should U.S.–Iran tensions escalate, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up $1.41, or 2.1 per cent, at $70.21 a barrel by 1156 GMT. U.S. ...
13 hours ago
Oil rises over 1% on US–Iran tensions, better demand
LONDON, Feb 11 : Oil prices gained on Wednesday, buoyed by escalating risk as U.S.–Iran talks remained tenuous, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up 98 cents, or 1.4 per cent, at $69.78 a barrel by 0949 GMT. U.S. West Texas Intermedia ...
14 hours ago
Eramet says Indonesia nickel permit volume slashed for 2026
PARIS/JAKARTA, Feb 11 : Eramet's nickel mining joint venture in Indonesia has received an initial production allowance of 12 million wet metric tons for this year, down from the initial allowance of 32 million it received for 2025, the French mining firm said.Eramet's PT Weda Bay Nickel jo ...
14 hours ago
Thomson Medical narrows losses in 1HFY2026 by 20.6% to $10.2 mil
Samantha Chiew - Thomson Medical Group has narrowed its losses for the 1HFY2026 period ended Dec 31, 2025, by 20.6% to $10.2 million from a loss of $12.9 million a year ago. While the group remained in a net loss position, the narrower loss reflected lower net finance costs and steady operating performance, even as ...
14 hours ago
Malaysia’s Maybank, Yinson launch first tokenised ringgit pilot for Asean cross-border payments
Tan Ai Leng - The project is conducted under Bank Negara Malaysia’s Digital Asset Innovation Hub
14 hours ago
China’s auto sales fall at fastest pace in nearly two years in January
Deals drop 19.5% from the year before to 1.4 million vehicles, the biggest decline since February 2024
14 hours ago
Kremlin says curbs on Telegram app are a result of its non-compliance with the law
MOSCOW, Feb 11 : The Kremlin said on Wednesday that the Telegram messenger app had to comply with Russian law and that the state communications regulator was obliged to act if Telegram did not respond to its requests. Kremlin spokesman Dmitry Peskov was speaking a day after Roskomnadzor, the state c ...
14 hours ago
Hilton Global Foundation commits record US$5.4 mil to 18 non-profits, including five APAC grantees
Jovi Ho - The Hilton Global Foundation, the philanthropic arm of global hospitality brand Hilton, has announced a US$5.4 million ($6.82 million) investment to support 18 non-profit organisations worldwide — its largest annual contribution to date. In Asia Pacific, the grants will support five organisations, ...
14 hours ago
Struggling brewer Heineken to cut up to 6,000 jobs
AMSTERDAM: Under-pressure Dutch brewer Heineken said on Wednesday (Feb 11) that it would scrap up to 6,000 jobs as it faces what it called "challenging market conditions" with beer volumes down compared to last year.The company said it would be "accelerating productivity at scale to u ...
14 hours ago
'Platform' level combination 'best' way to merge CLI and Mapletree: UOBKH's Loh
The Edge Singapore - CapitaLand Investment CEO Lee Chee Koon has downplayed rumours that he will be merging with another major local property player Mapletree Investments, privately held by Temasek, the common controlling shareholder. Lee, speaking at CLI's results briefing on Feb 11, maintains that yes he is eager ...
15 hours ago
CLI plans second C-REIT with Raffles City Shenzhen
The Edge Singapore - During CapitaLand Investment’s FY2025 results briefing, analysts and media who awaited news of a merger with Mapletree were disappointed. More than that, CLI announced that it had a revaluation loss of $439 million, blamed mainly on China, causing net Patmi to plummet. Operating Patmi, however, ro ...
15 hours ago
China’s top chipmaker SMIC warns rushed AI capacity could sit idle
AI-related infrastructure investment is projected to exceed US$3 trillion over the next five years
15 hours ago
Global fintech investment rebounds in 2025 after three years of decline, deal volumes fall to eight-year low: KPMG
Douglas Toh - KPMG International’s ‘Pulse of Fintech 2H2025’ study has revealed that the global fintech market saw some $116 billion in total investment in 2025, up from the previous year’s $95.5 billion. This turn follows three years of declining investment. Overall volume in deals however continued to d ...
15 hours ago
New $40 mil fund to help local firms commercialise urban and sustainability solutions
Douglas Toh - The Ministry of National Development (MND) and the Ministry of Sustainability and the Environment (MSE) have launched a $40 million fund to help local companies develop, pilot and commercialise urban and sustainability (USS) solutions. The USS Translation Fund helps companies turn high-potential USS ...
15 hours ago
AirAsia to place order for small jets, drop Airbus A330neo
PARIS/HONGKONG, Feb 11 : AirAsia X plans a significant order for small jets as it adds new routes and flights for Asia's first-time travellers, while dropping its order for 15 larger Airbus A330neo planes, the co-founder of the Malaysian airline said on Wednesday.Tony Fernandes, CEO of parent C ...
15 hours ago
AirAsia to place order for small airliners, drop A330neo
Feb 11 : The co-founder of AirAsia X said on Tuesday the Malaysian airline plans a significant order for small jets as it adds new routes and flights for Asia's first-time travellers, but no longer needs a pending order for 15 Airbus A330neo jets.Airline entrepreneur Tony Fernandes, CEO of pare ...
15 hours ago
India's Fractal Analytics $314 million IPO fully subscribed on final day of bidding
Feb 11 : Fractal Analytics' $314-million initial public offering, the first for a pure-play Indian artificial intelligence firm, was fully subscribed on the final day of bidding on Wednesday.The Mumbai-based company received bids for 27.23 million shares as of 1:39 p.m. IST, against 18.58 milli ...
15 hours ago
India's Fractal Analytics IPO fully subscribed on final day of bidding
Feb 11 : Fractal Analytics' $314-million initial public offering, the first for a pure-play Indian artificial intelligence firm, was fully subscribed on the final day of bidding on Wednesday.The Mumbai-based company received bids for 25.37 million shares as of 1:03 p.m. IST, against 18.58 milli ...
16 hours ago
Budget 2026: Where to get live updates on PM Lawrence Wong’s speech
Therese Soh - In a video, PM Wong said that Singaporeans may expect more job-related support from the government
16 hours ago
Budget 2026: More jobs-related support to be announced, PM Wong says
Therese Soh - In a video, PM Wong said that Singaporeans may expect more job-related support from the government
16 hours ago
South-east Asia private equity deal value down 43% in 2025: EY
Shikhar Gupta - Volume, meanwhile, is down 12% year on year, with 59 transactions
16 hours ago
Maybank tests Ringgit tokenised deposits for cross-border payment pilot
Nurdianah Md Nur - Maybank is kicking off a pilot that puts Ringgit deposits on a blockchain, testing whether tokenised bank money can speed up cross-border payments across Southeast Asia. It has launched its first Ringgit tokenised money pilot with Yinson Holdings as a participant under Bank Negara Malaysia's Di ...
16 hours ago
Submarine maker TKMS hits record $22 billion order backlog, raises sales outlook
FRANKFURT, Feb 11 : TKMS hit a fresh $22 billion high in order backlog and raised its sales outlook, the German submarine maker said on Wednesday, citing a boost in demand for warships at a time of rising geopolitical tensions.Sales are now expected to rise by 2 per cent to 5 per cent in 2026, from ...
17 hours ago
Eutelsat secures 1 billion euros financing for Oneweb Satellite Procurement
Feb 11 : Eutelsat has secured about 1 billion euros ($1.2 billion) in export credit financing to fund the procurement of low Earth orbit satellites for its OneWeb constellation, it said on Wednesday.The financing, backed by a French state guarantee, will support a contract with Airbus for 340 satell ...
17 hours ago
Apac fintech investment down 20.5% in 2025; venture capital investment hits decade-low
Koh Kim Xuan - India is a major driver of investment activity in the region despite a sharp decline
17 hours ago
Apac fintech investment down 20.5% in 2025, venture capital investment hits decade-low
Koh Kim Xuan - India is a major driver of investment activity in the region despite sharp decline
17 hours ago
AirAsia X unveils Kuala Lumpur-Bahrain-London route, establishing Middle Eastern hub
The airline operates an all-Airbus fleet and has more than 350 A320-family narrow-body jets already on order
17 hours ago
Dassault Systemes posts full-year revenue growth as clients shift to cloud software
Feb 11 - French software maker Dassault Systèmes reported full-year 2025 revenue of 6.24 billion euros ($7.44 billion), up 4 per cent at constant currency, with recurring revenue growing 6 per cent, driven by an 11 per cent jump in subscriptions as more clients turn to cloud-based services. Fourth ...
17 hours ago
Faster AI uptake but slower returns in Southeast Asia, reveals McKinsey report
Nurdianah Md Nur - Companies in Southeast Asia are adopting artificial intelligence (AI) faster than the global average, but most are failing to turn the move into profits. A survey of 330 companies across six Southeast Asian markets by McKinsey, Singapore’s Economic Development Board and Tech in Asia found that 46% ...
17 hours ago
Booming Asian markets widen their lead over US and Europe
An index of Asian currencies is up another 0.6% in 2026