SingLand announces 220m-tall The Clifford, a Grade A office tower on the site of the former Clifford Centre
Jovi Ho - The Clifford, formerly Clifford Centre, will almost double in height to 220m with 405,000 sq ft of net lettable area (NLA) across 35 floors of office, retail and F&B space when it is completed in 2028, announced Singapore Land (SingLand) on Feb 26. The tower will deliver a net lettable area of 3 ...
South Korea watchdog fines Coupang $1.6 million for pressuring suppliers, delaying payments
SEOUL, Feb 26 : South Korea's antitrust regulator said on Thursday it has fined Coupang 2.2 billion won ($1.55 million) for pressuring suppliers to cut prices and shoulder additional costs to meet profit margins, as well as for delaying payments to vendors.The Korea Fair Trade Commission (KFTC) ...
Marks & Spencer to exit the Philippines’ shifting retail market
The country has drawn global retailers seeking to tap into its young, consumption-driven population
Exclusive-Toyota plans around $19 billion share sale by financial institutions, sources say
TOKYO, Feb 26 : Toyota plans a large-scale unwinding of strategic shareholdings that would involve banks and insurance firms selling around $19 billion of its shares, two sources said, in what would mark a watershed moment in Japan's corporate governance reform.The sale will likely total around ...
Blending developed and emerging-market assets draws more private capital to South-east Asia’s energy transition
Janice Lim - This is what Clifford Capital has found after seven years of issuing infrastructure asset-backed securities
Trump summons Amazon, Google, Meta to sign power-cost pledge
Analysts say major tech firms behind the AI data centre boom are happy to pay more for the power they need
Hawkish BOJ board member calls for focus on inflation overshoot risk
KYOTO, Japan, Feb 26 : The Bank of Japan must focus on the risk of an inflation overshoot in guiding monetary policy, hawkish board member Hajime Takata said on Thursday, calling for gradual interest rate hikes.Takata, who proposed unsuccessfully to raise interest rates in January, repeated his view ...
Nanofilm revenue jumps 20% to $244.6 million for FY2025
Lin Daoyi - For FY2025 ended Dec 31, Nanofilm Technologies International reported a 20% y-o-y increase in revenue to $244.6 million, with profit after tax jumping 58.2% y-o-y to $11.9 million. During the second-half of FY2025, revenue rose 13% y-o-y to $137.4 million. Nanofilm attributes the stronger result to ...
Pair of adjoining shophouses in Chinatown up for sale
Jovi Ho - A pair of adjoining refurbished shophouses in the Chinatown Conservation Area zoned for commercial use are up for sale, says exclusive marketing agent Savills Singapore. Sitting on a combined land area of approximately 2,847 sq ft and a total builtup area of about 8,259 sq ft, the shophouses at 277 ...
Gold gains on softer dollar; Iran-US talks in focus
Bullion hit a more than three-week high on Tuesday
OpenAI hires Meta AI researcher who previously led Apple's models team, The Information reports
Feb 25 : OpenAI has hired Ruoming Pang, a high-profile AI researcher at Meta, who had joined the company from Apple about seven months ago, The Information reported on Wednesday, citing an OpenAI spokesperson.Reuters could not immediately verify the report.
OpenAI hires ex-Apple models head from Meta, The Information reports
Feb 25 : OpenAI has hired Ruoming Pang, a high-profile AI researcher at Meta, who had joined the company from Apple about seven months ago, The Information reported on Wednesday, citing an OpenAI spokesperson.Meta and OpenAI did not immediately respond to Reuters' requests for comment.Pang over ...
AEM shares rise over 10% following positive H2 results
Chloe Lim - Its net profit rose 32% year on year to S$13.9 million
AEM shares up over 15% following positive H2 results; hit 1-year high of S$2.34 at midday
Chloe Lim - Its net profit is up 32% year on year at S$13.9 million
AEM shares rise over 9% following positive H2 results
Chloe Lim - [SINGAPORE] Shares of semiconductor company AEM jumped more than 9 per cent on Thursday (Feb 26) morning, on the back of a...
AEM shares close over 21% higher following positive H2 results; hit 1-year high of S$2.47
Chloe Lim - Its net profit is up 32% year on year at S$13.9 million
Amazon's $50 billion OpenAI investment may depend on IPO or AGI, The Information reports
Feb 25 : Amazon's plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported on Wednesday, citing people familiar with the matter. Under terms still being negotiated, Am ...
Amazon's $50 billion OpenAI investment may depend on IPO or AGI milestone, The Information reports
Feb 25 : Amazon's plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves artificial general intelligence (AGI), The Information reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report.
Oil climbs as US-Iran tensions keep supply risks in focus
TOKYO, Feb 26 : Oil prices climbed on Thursday, hovering near seven-month highs, as investors gauged whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures were trading at $71.12 per barrel, ...
Oil steadies as investors await US-Iran talks
LONDON, Feb 26 : Oil prices inched up on Thursday as investors assessed whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures were trading at $71.02 per barrel, up 17 cents, or 0.24 per cent ...
Oil edges up as US-Iran tensions keep supply risks in focus
TOKYO, Feb 26 : Oil prices inched up on Thursday as investors gauged whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures were trading at $71.04 per barrel, up 19 cents, or 0.3 per cent, at ...
Oil falls 1% on higher US stockpiles with Iran-US nuclear talks in focus
LONDON, Feb 26 : Oil prices fell on Thursday as U.S. crude inventories rose by the most in three years and signs of weakness in the physical oil market weighed on prices, while traders assess whether U.S.-Iran talks could avert a supply-threatening military conflict.Brent futures were trading at $70 ...
Hong Leong Asia shares fall for second straight day despite strong H2 net profit
Shikhar Gupta - The counter falls as much as 7.9% to a low of S$2.81 on Thursday
Baidu’s swift US$11 billion sell-off shows struggle to meet AI hype
The stock has also suffered on account of a wave of new listings by pure-play AI firms
Yangzijiang Financial falls 14.5% to 2-year low on expected reversal into red
Therese Soh - It expects to post losses for its second half and full year
Yangzijiang Financial falls nearly 16% to 2-year low on expected reversal into red
Therese Soh - The group expects to post losses for its second half and full year due to the recognition of substantial credit loss allowances
Yangzijiang Financial drops 14.5% to 2-year low on expected reversal into red
Therese Soh - The group expects to post losses for its second half and full year due to the recognition of substantial credit loss allowances
South Korea central bank holds policy rates steady as expected
[SEOUL] South Korea’s central bank kept policy interest rates unchanged on Thursday, as a chip boom and steady inflation allow policymakers more...
Dollar slips as Nvidia buoys investor hopes in absence of tariff news
TAIPEI, Feb 26 : The dollar began the day on the back foot during the Asian trading session on Thursday, as better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest U.S. tariffs on imports of foreign goods.The U.S. dollar index, which measures t ...
Yen recovers against dollar with BOJ policy in view
TAIPEI, Feb 26 : The yen clawed back strength against the U.S. dollar during the Asian trading session on Thursday, while better-than-expected earnings from Nvidia boosted investor confidence and markets awaited details of the latest U.S. tariffs on imports of foreign goods.The yen was last 0.3 per ...
Bank of Korea introduces new forward guidance mirroring Fed's dot plot
SEOUL, Feb 26 : South Korea's central bank has decided to expand its forward guidance on monetary policy by providing the views of its seven board members on a quarterly basis with 21 dots in the six-month term, mirroring the U.S. Federal Reserve's so-called "dot plot".The Bank o ...
Stocks to watch: Seatrium, Food Empire, AEM, YZJ Shipbuilding, Hong Leong Asia
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Feb 26):
17Live posts profits of US$3.7 mil in 2HFY2025
Samantha Chiew - 17Live, Singapore's only special purpose acquisition company (SPAC) listing, has turned profitable in its 2HFY2025 ended December 2025 results. It reported earnings of US$3.68 milion compared to a loss of US$5.21 million the same period a year ago. On a full-year basis, the group is still in th ...
Valuemax's Yeah and wife Tan sell shares worth $40.37 mil to fund managers at $1.16 each
The Edge Singapore - Yeah Hiang Nam, executive chairman of Valuemax Group, and his wife, Tan Hong Yee, have sold 34.8 million shares at $1.16 to a group of investors. Following the sale, they retain a controlling stake of 81.53%. According to the company's FY2024 annual report, as at March 10 2025, Yeah held a deem ...
