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 ...
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 ...
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 ...
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
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
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
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 ...
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 ...
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 ...
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
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
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
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 ...
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% ...
Booming Asian markets widen their lead over US and Europe
An index of Asian currencies is up another 0.6% in 2026
South Korea crypto exchange Bithumb says system flaws led to $40 billion error
SEOUL, Feb 11 : South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week.The country's second-largest virtual ass ...
Citi keeps ‘sell’ on SIA at higher TP of $6.38 on stabilising yield and ‘encouraging outlook’
Douglas Toh - Citi Research (Citi) analyst Kaseedit Choonawat has kept his “sell” call on Singapore Airlines group (SIA) at a raised target price of $6.38 from $5.98 previously. His update comes after speaking to SIA’s c-suite. Choonawat writes in his Feb 10 note: “The most notable message was on passenge ...
For Swatch, the clock is ticking on strategy overhaul
It was once a pioneer of eye-catching and affordable plastic watches
ByteDance developing AI chip, in manufacturing talks with Samsung: sources
Global tech giants have developed their own AI chips to reduce reliance on Nvidia
Malaysia central bank says to test ringgit stablecoins, tokenised deposits in 2026
[KUALA LUMPUR] Malaysia’s central bank on Wednesday announced three initiatives to test real-world applications involving ringgit stablecoins and tokenised deposits in 2026.
Owner of Dairy Queen, Papa John’s China operations is said to weigh US$500 million sale
Several high-profile global brands have been re-evaluating their China operations
Six things to watch in Budget 2026: AI push, smaller CDC payouts, more upskilling
Tessa Oh - Clarity on carbon tax rates, support for businesses to internationalise and potential manpower adjustments could feature in PM Wong’s Budget statement
Australian dollar hits three-year peak on rate-hike bets
[SYDNEY] The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the...
Elon Musk wants to build an AI satellite factory on the moon
The billionaire’s fixation with the moon is a recent one
uSMART initiates coverage on Yeo Hiap Seng with ‘hold’ call and 64.3 cent TP
Douglas Toh - uSMART has initiated coverage on Singapore-based food and beverage (F&B) company Yeo Hiap Seng (Yeo’s) with a “hold” call and target price of 64.3 cents. The company, with its simple red logo displaying ‘Yeo’s’ is well-known throughout Singapore and Malaysia for its packaged drinks a ...
China’s big silver squeeze persists even as prices steady
Demand for investment bars has stayed high
Two co-founders of Elon Musk’s xAI resign, joining exodus
Six of the 12 co-founders remain at the company
Two co-founders of Elon Musk's xAI resign, joining exodus
Feb 10: xAI co-founders Tony Wu and Jimmy Ba have resigned from the artificial intelligence firm they started with billionaire Elon Musk less than three years ago, they said in social media posts.The exits are the latest in an exodus from xAI that leaves the firm with half of its 12 co-founders.The ...
‘We’re not deal junkies’: CapitaLand Investment CEO says potential M&As must help build long-term capabilities, drive share price
Jude Chan - Any such deal must ‘make strategic sense’, says Lee Chee Koon
China's producer deflation persists, consumer inflation cools in Jan
BEIJING: China's consumer inflation cooled in January while producer price deflation persisted, reinforcing market calls for more policy measures to address the mismatch between supply and demand. The consumer price index (CPI) rose 0.2 per cent from the same month last yea
China makes small dents in deflation battle as supply-demand imbalance persists
BEIJING: China's consumer inflation cooled in January while producer price deflation persisted, highlighting once again the underlying weakness in domestic demand and a key challenge for policymakers looking to shore up an uneven economic recovery.Beijing has repeatedly pledged to better align ...
Australia central bank again warns inflation is too high
[SYDNEY] A top Australian central banker said on Wednesday inflation was too high and policy makers were committed to doing whatever was...
UK fintech funding fell 21% last year, hitting lowest since 2020
Total global fintech funding hit US$116 billion, up from US$95.5 billion in 2024, according to the report
HSBC Singapore appoints new director to board
Douglas Toh - Hongkong and Shanghai Banking Corporation (HSBC) Singapore has appointed group chief operating officer (COO) Suzy White to its board, effective from Jan 30 this year. White has been serving as group COO since October 2024 and is also a member of the group operating committee. In her 25 years of expe ...
