Stocks fall as investors take an AI breather, oil prices rise
NEW YORK, Feb 27 : Global stocks edged lower on Friday due to ongoing concerns about valuations and the disruptive force of AI, while the potential for supply disruptions due to tensions between the U.S. and Iran lifted oil prices.Market sentiment has weakened as investors worry more about the broad ...
Global shares inch higher, on track for monthly gain despite AI, Iran jitters
TOKYO/LONDON, Feb 27 : Global shares edged up on Friday to within a fraction of a fresh record high, and were set for a monthly gain, even as geopolitical tensions and persistent concerns about AI caused wild swings under the surface.Manish Kabra, head of U.S. equity strategy at SocGen, said in the ...
Global funds dump nearly 7 trillion won of South Korean stocks after rally
Despite the massive selling by foreigners, few see this as a bearish turning point
Global funds dump nearly 7 trillion won of Korean stocks after rally
Despite the massive selling by foreigners, few see this as a bearish turning point
UOB Kay Hian H2 earnings up 27% at S$140.1 million
Therese Soh - The brokerage records top-line growth for the second half and full year
ComfortDelGro H2 earnings up 7.9% at S$124.3 million, full-year revenue hits record S$5 billion
Shikhar Gupta - Revenue reflects focused execution of its international growth strategy, says managing director and group CEO Cheng Siak Kian
ComfortDelGro H2 earnings up 7.9% at S$124.3 million, full-year revenue crosses S$5 billion
Shikhar Gupta - Revenue reflects focused execution of its international growth strategy, says managing director and group CEO Cheng Siak Kian
Attika Group reports higher earnings of $3.4 mil, up 19.3% y-o-y despite decline in revenue for FY2025
Teo Zheng Long - Attika Group (SGX: 53W ) has reported higher earnings of $3.4 million in FY2025, ended Dec 31, despite a 32.4% y-o-y decline in revenue to $37.5 million in the same period. The lower revenue recorded was primarily due to the high base effect from the completion of a significant corporate office proj ...
Sheng Siong posts 8.7% growth in FY2025 earnings to $149.5 mil
Samantha Chiew - Local supermarket operator Sheng Siong announced that its FY2025 ended Dec 31, 2025, earnings have increased by 8.7% y-o-y to $149.5 million from $137.5 million. This comes on the back of a 9.9% gain in revenue to $1.57 billion from $1.43 billion a year ago. This growth was primarily driven by the o ...
Land betterment charges upped 4.1% on average for non-landed residential, 4% for landed residential uses
Kalpana Rashiwala - LBC rates raised on average by 3.2% for industrial and 0.5% for commercial use groups; no change for hotel/hospital/nursing home use
Land-betterment charges up 0.5% to 4.1% on average for commercial, residential, industrial, place of worship uses
Kalpana Rashiwala - Rates have been left untouched for hotel/hospital use group
Petronas sees profit slide for third straight year as oil prices weigh on margins
KUALA LUMPUR, Feb 27 : Malaysian state energy firm Petroliam Nasional Bhd , on Friday warned of eroding margins amid persistent geopolitical and economic risks, as subdued oil prices saw its profits decline for the third straight year.Petroliam Nasional, or Petronas, reported a profit after tax o
Jardine C&C FY2025 earnings up 5% to US$998 mil
The Edge Singapore - Jardine Cycle & Carriage has reported earnings of US$998 million for its FY2025, up 5%. Revenue in the same period was down 4% to US$21.4 billion. Underlying profit attributable to shareholders, which the company says is a more accurate reflection of business performance, is 1% to US$1.11 billio ...
1,300 Toyota Prius units recalled in Singapore over rear doors that could open while car is moving
Rectification involves modifying door switch circuits, done free of charge, and for new cars before delivery
How Budget 2026 should affect Singaporean wallets
A wake-up call for early careerists, aspiring parents and middle-class professionals to master personal finance
SAP’s new bonus system sparks outcry over rewards for underperforming bosses
The German software company has seen high executive board turnover in the past six years
Exclusive-Indonesia bourse to phase in 15% free-float rule, may batch firms by readiness
JAKARTA, Feb 27 : The Indonesia Stock Exchange will implement in stages an upcoming requirement for companies to double their minimum free float, or freely tradable stocks, to 15 per cent, its interim chief executive told Reuters on Friday.The bourse may divide companies into batches according to th ...
Insta360 maker says it will import, sell products in US 'without restrictions' after USITC ruling
BEIJING, Feb 27 : Shenzhen-based Arashi Vision, which makes the Insta360 line of camera products, on Friday said it "will continue to import and sell existing products in the U.S. without restrictions" after a final ruling by USITC.California-based action camera maker GoPro had in 2024 cla ...
Kia America to recall about 85,000 US vehicles over seat back frame issue
Feb 27 : Kia America is recalling 85,448 vehicles in the U.S. over failure of a seat back frame failing to properly restrain an occupant during a crash, the U.S. National Highway Traffic Safety Administration said on Friday.
British Airways owner IAG beats profit estimates as premium demand lifts earnings
It benefited from lower fuel costs and resilience on its core transatlantic routes
Upcoming residential tower in SingLand’s redeveloped Marina Square complex said to yield 702 units
Jovi Ho - The upcoming Marina Square redevelopment by UOL Group and Singapore Land Group (SingLand) will yield 702 residential units, according to PropNex's co-founder and executive chairman Ismail Gafoor. While UOL and SingLand have yet to reveal more information about the Marina Square complex since th ...
Olam reports patmi of $444.1 million for FY2025
Lin Daoyi - For FY2025 ended Dec 31, Mainboard-listed Olam Group, reported profit after tax and minority interests of $444.1 million, representing a y-o-y increase of 414%. Excluding subsidiary Olam Agri, patmi would be $170.3 million, in contrast to a loss of $222.4 million for the previous year. Overall turno ...
Olam reports patmi of US$444.1 million for FY2025
Lin Daoyi - For FY2025 ended Dec 31, Mainboard-listed Olam Group, reported profit after tax and minority interests of US$444.1 million, representing a y-o-y increase of 414%. Excluding subsidiary Olam Agri, patmi would be US$170.3 million, in contrast to a loss of US$222.4 million for the previous year. Overall ...
Saying yes, for less: Why lab-grown diamonds have cornered 80% of the engagement ring market
Shikhar Gupta - New-age diamond ring retailers have business models that are leaner, faster and unburdened by mined inventory
Asian currency markets in the Year of the Fire Horse; ready to gallop?
Guan Yi Low, Head of Asia Fixed Income at M&G Investments - Asian currency markets enter the Year of the Fire Horse at a delicate but potentially consequential juncture. The Year of the Green Wood Snake closed on firmer footing. After four consecutive years of depreciation against the US dollar, Asian currencies edged cautiously higher. The Bloomberg Asia Do ...
iREIT Global 2HFY2025 DPU down nearly 60% y-o-y, aggregate leverage at 44.6%
Teo Zheng Long - iREIT Global (SGX: UD1U ) has reported a distribution per unit (DPU) of €0.3 cents for 2HFY2025, down 59.6% y-o-y. On a full year basis (FY2025), DPU declined at a lower rate of 42.6% y-o-y to €1.09 cents. Gross revenue for FY2025 decreased by 33.3% y-o-y to €50.4 million, while net property i ...
Mizuho plans to replace 5,000 clerical jobs with AI in 10 years
Global banks are heavily investing in artificial intelligence to improve operations ranging from product development to risk management
Poland plans social-media ban for children under 15, Bloomberg News reports
Feb 27 : Poland plans to introduce new legislation to ban social media for children under 15 years of age and will hold platforms responsible for age verification, Education Minister Barbara Nowacka told Bloomberg News in an interview published on Friday.The ruling Civic Coalition will present the d ...
Polish ruling party plans social-media ban for children under 15
WARSAW, Feb 27 : The largest party in Poland's coalition government is preparing legislation that would bar children under 15 from using social media, opening the door to a potential clash with major U.S. tech firms.Education Minister Barbara Nowacka on Friday outlined plans to fine social medi ...
Indonesian trade surplus widened in Jan to $2.76 billion, Reuters poll shows
JAKARTA, Feb 27 : Indonesia's trade surplus is expected to have widened in January from a month earlier as double-digit growth in exports offset higher imports, a Reuters poll showed on Friday.A dozen economists surveyed by Reuters between February 23 and February 27 forecast a median January t ...
ST Engineering expects to repeat doubling of international defence contract wins this FY2026
The Edge Singapore - Singapore Technologies Engineering, having doubled the value of international defence contracts won in 2025 over the preceding year, is aiming to repeat this feat this current FY2026. According to Mervyn Tan, the company’s president for its defence and public security business, the company won aro ...
Danske Bank cuts hundreds of jobs to add to Danish layoff wave
Most of the job cuts will fall in Denmark and Lithuania, the firm says
Uni-Asia reverses into black for FY2025
Lin Daoyi - Alternative investment manager Uni-Asia Group has reported net profit after tax of US$0.8 million for FY2025 ended Dec 31, a reversal from the US$28.2 million loss from FY2024. In a bourse filing on Feb 26, the company which focuses on real estate and shipping, attributes the better performance to t ...
New online tool launched for developers to estimate land betterment charges upfront for greater cost certainty
Ry-Anne Lim - Move is part of wider improvements in framework to provide developers with more transparency and clarity
