Indonesia falls 10 places in corruption rankings in 2025 as oversight weakens, campaign group says
JAKARTA, Feb 10 : Indonesia fell 10 places in an annual league table of global corruption in 2025, ranking 109th out of a total of 182 countries, a campaign group said on Tuesday, citing weakening civil society oversight.Indonesia's score on Transparency International's "corruption pe ...
Spotify forecasts profit above estimates as founder Daniel Ek moves to new role
Feb 10 : Spotify forecast first-quarter earnings above Wall Street estimates on Tuesday, as the Swedish audio-streaming benefits from strong user growth and price hikes, sending its shares up around 12 per cent in premarket trading.The results are the first since co-CEOs Gustav Soderstrom and Alex N ...
Spotify expects profit above estimates as founder Daniel Ek moves to new role
Feb 10 : Spotify forecast first-quarter earnings above Wall Street estimates on Tuesday, as the Swedish audio-streaming giant attracts new users even after price hikes.The results are the first since co-CEOs Gustav Soderstrom and Alex Norstrom took the reins from founder Daniel Ek, who became execut ...
Wing Tai H1 net profit surges to S$40.3 million on higher takings from Singapore properties
Chong Xin Wei - Revenue is up 140% year on year at S$270.2 million
F&N’s 1QFY2026 earnings down by 8.9% to $47.4 mil
Felicia Tan - Fraser and Neave (F&N) has posted earnings — or attributable profit — of $47.4 million for the 1QFY2026 ended Dec 31, 2025, 8.9% lower y-o-y. Earnings per share (EPS) stood at 3.3 cents, 8.3% lower y-o-y. Group revenue fell by 4.1% y-o-y to $592.9 million as the beverages segment was impacte ...
Instant payment system Pix poised to capture half of Brazil's e-commerce market by 2028
BRASILIA, Feb 10 : Brazil's instant-payment system Pix is likely to account for half the nation's e-commerce transactions by 2028, widening its lead over credit cards, according to a new study. The forecast, from payments firm Ebanx, highlights the rapid ascent of the system created ...
F&N Q1 profit down 8.9% at S$47.4 million; company ups stake in Vinamilk
Chong Xin Wei - Acquisition of about 4.6% of Vinamilk’s issued shares will be funded via internal resources and borrowings
Wing Tai’s 1HFY2026 earnings surge by 300% to $40.3 mil; revenue more than doubles to $270.2 mil
Felicia Tan - Wing Tai Holdings has reported earnings of $40.3 million for the 1HFY2026 ended Dec 31, 2025, 300% higher than its 1HFY2025 earnings of $10.1 million. Earnings per share (EPS) stood at 5.28 cents on a diluted basis, up from 1.32 cents in the corresponding period the year before. Revenue for the peri ...
Singapore stocks continue gaining ground, tracking regional benchmarks; STI up 0.1%
Benjamin Cher - Across the broader market, gainers edge out losers 379 to 222, after 1.4 billion securities worth S$1.8 billion change hands
Gucci sales fall as Kering seeks turnaround under new CEO
Comparable revenue at Gucci tumbled 10% in the fourth quarter
AstraZeneca forecasts growth in 2026 as it builds drug pipeline
Its chief executive officer Pascal Soriot has a target of US$80 billion in annual sales by 2030
TSMC revenue jumps 37% in January; AI spending marches on
The demand for data centre chips is spurring the chipmaker to earmark as much as US$56 billion in capital spending this year
WhatsApp wins court backing to challenge $268 million Irish privacy fine
BRUSSELS/DUBLIN, Feb 10 : Meta Platforms' WhatsApp on Tuesday won backing from Europe's top court for its challenge to a fine that was increased to 225 million euros ($268 million) by the EU privacy watchdog, a ruling that could pave the way for similar action by other companies. Ireland& ...
WhatsApp's fight against $268 million Irish privacy fine sent back to lower tribunal
BRUSSELS/DUBLIN, Feb 10 : Meta Platforms unit WhatsApp's fight against the EU privacy watchdog was sent back to a lower tribunal on Tuesday, prolonging a five-year tussle triggered by the latter's order to the Irish data protection authority to increase a fine to 225 million euros ($268 mi ...
EU top court refers WhatsApp's fight against EU privacy watchdog back to lower tribunal
BRUSSELS, Feb 10 : Europe's top court on Tuesday sent Meta Platforms unit WhatsApp's fight against the EU privacy watchdog back to a lower tribunal, prolonging a five-year tussle triggered by the latter's order to the Irish data protection authority to jack up a fine to 225 million eu ...
South-east Asia’s governments put AI to work in tourism
Elisa Valenta - The region’s governments are using AI to upgrade visitors’ travel experience, not just to bump up the numbers
Australia’s ASX CEO Helen Lofthouse to step down in May
ASX has faced regulatory scrutiny in recent years following a series of operational issues
Australian exchange operator ASX CEO Helen Lofthouse to step down in May
ASX has faced regulatory scrutiny in recent years following a series of operational issues
Foreign investors pull from Asian stocks as AI-driven tech rout spreads
Feb 10 : Foreign outflows from Asian stocks rose sharply in the first week of February as South Korea and Taiwan came under pressure from a global selloff in high-growth technology shares on concerns over the hefty AI-related capital spending.Foreign investors sold a net $9.79 billion worth of stock ...
BP reports profits in line with expectations, suspends buybacks
It wrote down around US$4 billion in its renewables and biogas businesses
Cisco unveils new AI networking chip, taking on Broadcom and Nvidia
SAN FRANCISCO, Feb 10 : Cisco Systems on Tuesday launched a new chip and router designed to speed information through massive data centers that will compete against offerings from Broadcom and Nvidia for a piece of the $600 billion AI infrastructure spending boom.Cisco said its Silicon One G300 swi ...
Honda reports more than 60% drop in third-quarter operating profit
The company keeps its operating profit forecast for the year ending March 2026 at 550 billion yen
Eight in 10 SMEs say expanding overseas is a priority: DBS survey
Douglas Toh - According to the latest DBS Business Pulse Check Survey, 82% of 730 companies polled between December 2025 and January 2026 have plans to internationalise this year. The annual survey is conducted across diverse industries to better understand the needs, concerns and aspirations of Singapore’s sma ...
Alibaba pushes into robotics AI with open-source ‘RynnBrain’
With the release, Alibaba takes on AI leaders including Alphabet’s Google and Nvidia
OCBC's Lim raises her fair value for Boustead Singapore to $2.45
The Edge Singapore - Ada Lim of OCBC Group Research has raised her fair value for Boustead Singapore after it received the nod from SGX to list its REIT spin off, the UI Boustead REIT. According to Boustead Singapore on Feb 10, it is expecting total proceeds of $258.7 million from the IPO. The company will fund its subs ...
Should landlords worry? Singapore’s new inequality data suggests tough conversations will continue
Janice Heng - With a clearer – and less flattering – picture of income and wealth inequality, the discussion can shift to what should be...
A great ocean accepts a hundred rivers
By Peter Lai HM - Singapore’s strength as a global financial hub lies not in avoiding risk, but in enforcing trust with speed and discipline In recent years, Singapore has seen several high‑value money‑laundering and financial crime cases come to light. As the city‑state grows as a global financial and wealth ...
DBS Group Research and RHB keeps ‘buy’ on Elite UK REIT following recent FY2025 results
Teo Zheng Long - DBS Group Research and RHB Bank Singapore are maintaining their respective “buy” calls on Elite UK REIT following its recent FY2025 results. For DBS Group Research analyst Tabitha Foo, Elite UK REIT’s 2HFY2025 DPU of 1.49 pence is broadly in line with her estimates, which brings the full year ...
Metro Holdings divests 26% stake in Boustead Industrial Fund
Douglas Toh - Metro Holdings (Metro), through its wholly-owned subsidiary Metrobilt Construction, has entered into a unit purchase agreement with Perpetual Limited for the divestment of its 26% interest in the Boustead Industrial Fund (BIF). The sale comes ahead of Boustead Singapore’s proposed listing of UI Bo ...
Honda reports more than 60% year-on-year drop in quarterly operating profit
TOKYO, Feb 10 : Honda Motor said on Tuesday its third-quarter operating profit fell 61.4 per cent, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and changes in the market environment for electric vehicles weighed on results.Japan's second-biggest automaker after Toyo ...
Google expands R&D footprint in Singapore, scaling teams and upskilling programmes
Benjamin Cher - It launches a new engineering hub and AI initiatives
Google to turn research into practical, localised AI with Singapore organisations
Nurdianah Md Nur - Instead of generic advice like “eat more fibre,” consumers in Singapore may receive recommendations shaped by their own biology and goals in the near future. This will be enabled by a precision nutrition programme based on a collaboration between Google and local health-tech start-up ...
Indonesia distributes 10.9 trillion rupiah in subsidies for palm oil replanting programme
The scheme is aimed at improving yields from small farmers
Germany's TeamViewer expects in 2026 up to 3% revenue rise in volatile market
Feb 10 : German software developer TeamViewer forecast on Tuesday annual revenue growth of between 0 per cent and 3 per cent in 2026, with an adjusted core profit (EBITDA) margin of about 43 per cent as high market volatility led to a cautious approach to its guidance.The firm said its fourth quarte ...
