AEM reports higher FY2025 earnings; FY2026 revenue growth to come from new customer
The Edge Singapore - AEM Holdings has reported 2HFY2025 revenue of $209.1 million, which brings its full-year revenue to $399.3 million, an increase of 5%. The provider of chip testing services attributes the higher revenue number to a relatively new customer ramping up volume, at a magnitude that was able to offset fur ...
Hong Kong to tap peg defence fund for first time in 40 years
The HK$4.1 trillion fund works as a backstop for the city’s currency peg to the US dollar
Exclusive-Kazakhstan's Tengiz oil output recovery slowed by CPC loading disruption, sources say
MOSCOW, Feb 25 : Kazakhstan's vast Tengiz oilfield is restoring production more slowly than planned because of disruption caused by bad weather and drone alerts at the Caspian Pipeline Consortium (CPC) marine terminal near Novorossiysk, Russia, two industry sources told Reuters.Kazakhstan has f ...
US-UK tech deal cautiously restarts with focus on nuclear projects, FT reports
Feb 25 : The U.S. and Britain have tentatively restarted work on their multi-billion-pound "tech prosperity deal", which was paused last year after President Donald Trump piled pressure on the UK to cede ground in wider trade talks, the Financial Times reported on Wednesday.Senior U.S. and ...
As Raffles Medical celebrates its golden jubilee, the doctor calls for more patience
Jude Chan - Growth from the group’s defensive plays in China and Vietnam will take time
Alibaba pushes deeper into AI coding tools with low-cost access
The company is making an aggressive push into AI in a dramatic pivot from its traditional focus on online commerce
Circle tops revenue expectations on strong stablecoin circulation, shares soar
Feb 25 : Circle surpassed Wall Street expectations for fourth-quarter revenue on Wednesday, as income from reserves got a boost from a rise in circulation of its stablecoin token, sending its shares up nearly 30 per cent in afternoon trading.USDC, Circle's primary stablecoin, is seeing a surge ...
Circle tops revenue expectations on strong stablecoin circulation, shares surge
Feb 25 : Circle surpassed Wall Street expectations for fourth quarter revenue on Wednesday, as income from reserves got a boost from a rise in circulation of its stablecoin token, sending its shares surging over 15 per cent in premarket trading.USDC, Circle's primary stablecoin, is seeing a sur ...
Circle's fourth-quarter revenue rises on strong stablecoin circulation
Feb 25 : Circle reported an increase in fourth-quarter revenue on Wednesday, as its income from reserves got a boost from a rise in circulation of its stablecoin token, USDC.The digital token is seeing a surge in adoption as favorable regulations such as the GENIUS Act, which was signed into law by ...
Options traders price Nvidia's smallest post‑earnings swing in three years
NEW YORK, Feb 25 : Traders in the equity options market are unusually subdued about how much Nvidia's quarterly results might move the stock, even as investors hope the chipmaker's earnings report will shed light on the outlook for the artificial-intelligence trade.Nvidia options imply a m ...
Hong Leong Finance reports 40.8% fall in H2 net profit to S$30.5 million
Chloe Lim - Its board recommends a final tax exempt, one-tier dividend of S$0.0615 a share for the full year ended Dec 31, 2025
Hong Leong Finance reports S$30.5 million or 40.8% fall in H2 net profit
Chloe Lim - Its board recommends a final tax exempt, one-tier dividend of S$0.0615 a share for the full year ended Dec 31, 2025
Yangzijiang Shipbuilding posts 24.6% rise in H2 profit to 4.5 billion yuan
Benjamin Cher - It proposes a final dividend of S$0.20 per share
Woman suing Meta, YouTube over social media addiction takes the stand at trial
LOS ANGELES, Feb 25 : A California woman is set to testify in court on Wednesday about how using Meta Platforms' Instagram and Google's YouTube as a child affected her mental health, as her landmark trial in Los Angeles continues.The plaintiff, known as Kaley G.M. in court, began using Ins ...
OCBC favours special dividends over buybacks for excess capital, says new CEO
Renald Yeo - Lender seeks to reward its long-term shareholder base, says Tan Teck Long
Teetering US tech trade puts anchor on market as Nvidia test looms
NEW YORK, Feb 25 : The technology stock trade has stumbled out of the starting block in 2026, stemming from pressure from artificial intelligence disruption fears and the allure of groups that have lagged, but the broader market may struggle to make substantial gains without the heavyweight sector&# ...
Singapore Land H2 profit down 11% at S$160.9 million; declares dividend of S$0.045 per share
Benjamin Cher - But revenue for the period is up 6% at S$414.9 million from S$390.5 million previously
ByteDance valued at US$550 billion in proposed share sale by General Atlantic
This marks a 66% jump in value since a share buyback last year priced the company at more than US330 billion
WiseTech to axe a third of global workforce in two‑year AI pivot
Feb 25 : Australian software company WiseTech Global will axe about 2,000 jobs, nearly a third of its global workforce, in a two‑year restructuring that could rank among the country's largest artificial intelligence-linked job cuts.WiseTech, which makes shipping and logistics management softw ...
Hong Leong Asia posts 48.6% rise in H2 net profit to S$56.8 million
Chloe Lim - The board has proposed a final dividend of S$0.03 per share
HRnetGroup reports higher earnings of $52.9 mil for FY2025, up 14.3% y-o-y
Teo Zheng Long - Recruitment firm HRnetGroup (SGX: CHZ ) reported earnings of $52.9 million for FY2025 ended Dec 31, 2025, up 14.3% y-o-y. Revenue was up by 3.0% y-o-y to $584.0 million, backed by the increase in revenue for both flexible staffing (FS) and professional recruitment (PR) segments. Revenue from the FS ...
JD.com’s founder Richard Liu launches yacht brand
Liu is investing 5 billion yuan in Sea Expandary
LMIRT Q4 net property income rises 13.8% to S$31.6 million
Chloe Lim - Revenue rises 8.1% to S$53.3 million, despite rupiah’s 5.9% depreciation against Singdollar
Yangzijiang Shipbuilding's FY2025 up 30.2% to RMB8.64 bil
The Edge Singapore - Yangzijiang Shipbuilding has reported FY2025 revenue that is higher by 7.4% to RMB28.5 billion. However, with better pricing and lower costs, the company was able to grow its full-year earnings by 30.2% to RMB8.64 billion. Its order book, as at Dec 31, was US$22.4 billion for 245 vessels, with deliv ...
Hong Kong home prices continue recovery as analysts forecast 2026 increase of at least 10%
HONG KONG, Feb 25 : Private home prices in Hong Kong rose 0.5 per cent in January, the eighth consecutive month of increase, strengthening signs of a housing recovery as analysts forecast prices to jump at least 10 per cent this year. Home prices edged higher in January from December on improved eco ...
ASML sees AI demand as long-term growth driver in 2025 annual report
Adjoining Pagoda Street conserved heritage shophouses for sale at guide price of $32.5 mil
Felicia Tan - A pair of adjoining conserved heritage shophouses in Chinatown are up for sale at a guide price of $32.5 million or $3,547 per sq ft on the floor area, announced Cushman & Wakefield, the exclusive marketing agent on Feb 25. Located on 54 and 56 Pagoda Street, and just a minute’s walk away from ...
Oil hovers near seven-month highs ahead of US-Iran talks
LONDON, Feb 25 : Oil prices edged higher on Wednesday, as investors weighed the threat of military conflict between the U.S. and Iran that could disrupt supply and a big build in U.S. crude inventories.Brent futures were up 6 cents at $70.83 per barrel at 0957 GMT. WTI futures rose 4 cents to $65.67 ...
Oil turns negative as large US crude stock build outshines supply concerns
HOUSTON, Feb 25 : Oil prices slipped into negative territory on Wednesday as a much larger-than-expected U.S. crude stock build outweighed the threat to oil supply from potential military conflict between the U.S. and Iran.Brent futures were down 12 cents at $70.65 a barrel at 11:16 a.m. ET (1607 GM ...
Genting Singapore leads STI’s 0.3% decline on Wednesday
Benicia Tan - The iEdge Singapore Next 50 Index closes flat at 1,526.59
SK Hynix to invest $15 billion in new semiconductor facilities in South Korea
Feb 25 : South Korea's SK Hynix said on Wednesday that it plans to invest 21.6 trillion won ($15.07 billion) to build new chip production lines in the South Korean city of Yongin by 2030 to meet rising demand for semiconductors.($1 = 1,433.3300 won)
Celebrity chefs ‘disappear’ from Singapore hotels after high-profile debuts
Jaime Ee - Aussie chef Josh Niland is the latest to leave, at the end of his contract with Singapore Edition hotel
Singapore banks draw S$77 billion in new wealth from Asia’s rich
Stability draws the wealthy to Singapore as shifting global policies spark a rethink on asset homes
Megachem's FY2025 earnings down on softer demand; maintains dividend
The Edge Singapore - Chemicals supplier Megachem's revenue for the year ended Dec 31 2025 was down 3.4% on softer demand, and earnings for the same year was down 50.6% over the preceding year to $3.9 million. However, if adjusted to take into account the impact of a fire at its warehouse in July 2023, the company&# ...
