Polish e-commerce firm Erli sues Allegro over pricing practices
GDANSK, Poland, Feb 2 : Polish e-commerce platform Erli has sued larger rival Allegro, accusing it of abusing its dominant position by effectively forcing sellers to raise their prices outside its platform, Erli said on Monday in a statement.Allegro, Poland's largest e-commerce company, denied ...
Nursing home additions lift Parkway Life Reit’s H2 DPU by 3.5% to S$0.0764
Sharanya Pillai - The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements
Singapore manufacturing PMI at a 10-month high in January, driven by AI boom
Tessa Oh - The overall purchasing managers’ index is up 0.2 point at 50.5, marking the sixth straight month of expansion
SHS Holdings receives EGM requisition to remove independent director
The Edge Singapore - A group of SHS Holdings shareholders who claim to control 21.36% of the shares are calling for an EGM to remove independent director Chua San Lye and replace with their nominee Kong Chee Keong. As listed in its annual report, there are two other IDs, Lee Gee Aik and Ron Oong Wei Yuan. The board cons ...
ParkwayLife REIT's FY2025 DPU rose 2.5% y-o-y to 15.29 cents
The Edge Singapore - ParkwayLife REIT’s distribution per unit (DPU) rose by 2.5% y-o-y to 15.29 cents in FY2025 for the 12 months to Dec 31, 2025, extending PLife REIT’s track record of recurring DPU growth. Gross revenue for FY2025 increased 7.6% y-o-y to $156.3 million while net property income (NPI) rose 8.0% y-o ...
Singaporeans queueing up to buy the dip in gold despite rout
At UOB’s headquarters, Singapore’s only bank selling physical gold, buyers crowd a lounge for bullion trades
UK firm signs deal with Mitsui to make iron ore pellets from Pilbara material
LONDON, Feb 2 : British firm Binding Solutions has signed an agreement with a unit of Japanese trading house Mitsui & Co to turn iron ore in Western Australia's huge Pilbara region into low-carbon pellets, Binding Solutions said on Monday.The privately held company says its technology cuts ...
Indian travellers set to compete with Chinese tourists as engines of air travel growth: SIA CEO
Shikhar Gupta - The airline’s multi-hub strategy in India, which includes its stake in Air India, comes as global travel patterns shift towards South Asia
Investors flock to gold, gold miner ETFs in January in bid for safety
Feb 2 : Investors flocked to exchange-traded funds of gold, other precious metals and gold miners in January, seeking safety amid geopolitical uncertainty, expectations of further dollar weakness, and growing bets on U.S. interest rate cuts.According to LSEG Lipper data, ETFs of gold and other preci ...
TrickleStar appoints former Green Build Technology independent director to board
Felicia Tan - TrickleStar Limited has named Tan Lay Suan Judy as its new non-executive independent director. Tan was said to be selected based on her “extensive experience in sales and marketing, and public relations”. “The board has approved her appointment recommended by the nominating committee, consider ...
Beng Kuang Marine allots 5,700 new shares following warrant exercise
Felicia Tan - Beng Kuang Marine has allotted and issued 5,700 new ordinary shares following the exercise of warrants, at an exercise price of 22 cents per share. This increases the company’s total issued shares to 208.99 million. As at the date of this announcement, 58 million warrants remain outstanding, each ...
Castel CEO’s fate in limbo amid clash over shareholders’ vote
The disputed outcome marks a a new point of contention in the escalating clash between Clerc and the Castel family
Castel Group CEO Gregory Clerc ousted as director from key Singapore holding
Chairman Pierre Baer is also removed during an extraordinary shareholders’ meeting of IBBM
Oracle rises as $50 billion raise eases data-center funding fears
Feb 2 : Oracle shares gained 2.5 per cent on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.Long a smaller player in the cloud market, Oracle has emerged as a major ...
Oracle shares gain as $50 billion raise eases data-center funding fears
Feb 2 : Oracle shares gained 2 per cent on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.Long a smaller player in the cloud market, Oracle has emerged as a major p ...
Oracle shares fall as investors assess up to $50 billion AI funding plan
Feb 2 : Oracle shares fell about 4 per cent in premarket trading on Monday, after it outlined plans to raise $45 billion to $50 billion this year to expand its cloud infrastructure, fueling investor concerns about its rising debt load.The software company, chaired by billionaire Larry Ellison, said ...
Ley Choon subsidiary secures $43.6 mil worth of contracts for underground utilities and road facilities works
Felicia Tan - Ley Choon Constructions and Engineering, the subsidiary of Ley Choon Group Holdings, has secured contracts worth a total of $43.6 million. The contracts, which are for the laying of underground utilities services and road facilities works, are expected to be completed within 24 to 36 months. They ar ...
Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405
Chong Xin Wei - PropNex says it is in process of obtaining legal advice; board intends to ‘vigorously defend the suit’
TIM SA in talks to buy back majority stake in Brazilian fibre unit, sources say
MILAN, Feb 2 : Brazilian telecoms operator TIM SA is in talks to buy back a 51 per cent stake in a fibre-network business it previously controlled under a deal that could be worth around $170 million, two people with knowledge of the matter said.TIM SA, which is majority owned by Telecom Italia, sol ...
SATS unveils AI-enabled control tower to anticipate and manage risks to food supply
Douglas Toh - In an effort to manage and anticipate risks to Singapore’s food supply, SATS Group, through its subsidiary Country Foods, has developed an artificial intelligence (AI)-enabled end-to-end command centre dubbed the “Control Tower” following 18 months of intensive trials. The centre was co-develo ...
Singapore stocks slip on Monday as precious metals rout deepens; STI down 0.3%
Renald Yeo - The iEdge Singapore Next 50 Index also fell, easing 0.4% to 1,496.09
Trendforce sees chip prices surging 90-95% in Q1 from previous quarter
SEOUL, Feb 2 : Market researcher TrendForce said on Monday that it has raised its chip price forecasts and expects conventional DRAM contract prices to jump by 90 per cent to 95 per cent in the January to March period of this year, from the final three months of 2025, citing the artificial intellige ...
HDB to launch 1,600 BTO flats in Lakeview and Shunfu; first new supply in over 40 years
Deon Loke - The first 1,200-unit Lakeview project will be launching in June this year
Mizuho reports 14% rise in Q3 profit, expands buyback programme
Its profit has increased to 329.9 billion yen from 289.2 billion yen in the year-ago period
Dollar clings to gains as investors weigh a Warsh-led Fed, commodity-linked currencies soft
LONDON, Feb 2 : The dollar held on to gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, while falling precious metals and oil prices kept commodity-linked currencies in check.A slide in commodities eased somewhat in Europe with gold recovering from its l ...
Dollar firms on safe-haven flow, strong US data adds support
NEW YORK/LONDON, Feb 2 : The dollar strengthened broadly against major pairs on Monday as a selloff in precious metals triggered a flight to safety and investors continue to weigh what a Federal Reserve under Kevin Warsh might look like. The greenback firmed further after U.S. manufacturing data sh ...
Dollar steady after Friday rally as investors weigh a Warsh-led Fed, commodity-linked currencies soft
LONDON, Feb 2 : The dollar clung on to gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, while plunging precious metals and oil prices weighed on commodity-linked currencies.The slide in commodities spilled over into equity markets in Asia and Europe, m ...
Dollar advances on safe-haven flows, strong US data
NEW YORK, Feb 2 : The dollar advanced broadly against major pairs on Monday as a selloff in precious metals triggered a flight to safety and investors continue to weigh what a Federal Reserve under Kevin Warsh might look like. The greenback extended its gains after U.S. manufacturing data showed a ...
Tepco begins soliciting alliance partners as part of restructuring
TOKYO, Feb 2 : Japanese utility Tokyo Electric Power said on Monday it has begun seeking potential alliance partners as part of its restructuring efforts to improve its financial situation and pursue growth.The company, known as Tepco, said last Monday that it plans to cut about 3.1 trillion yen ($2 ...
Julius Baer profit drops in 2025 amid write-downs, but beats expectations
It has reported a net profit of 764 million Swiss francs, with a net credit loss of 213 million francs
ICAO Council president sanguine that aviation sector will cut carbon emissions by 5% by 2030
Tay Peck Gek - Toshiyuki Onuma notes that there are several possibilities to increase the production of sustainable aviation fuel
Hyundai India's quarterly profit misses view on higher costs
Feb 2 : Hyundai Motor India reported a smaller-than-expected quarterly profit on Monday, weighed down by weak domestic sales and a spike in raw material costs.The company, a unit of South Korea's Hyundai Motor, reported a 6.4 per cent profit rise to 12.34 billion rupees ($134.8 million) for the ...
US firm Aura to buy Australia's Qoria in $675 million deal
Feb 2 : Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian stock exchange.Under the proposed offer, Aura will acquire all of the exis ...
US firm Aura to buy Australia's Qoria in $675 million deal, relist on ASX
Feb 2 : Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian stock exchange.Under the proposed offer, Aura will acquire all of Qoria at ...
