Genting Singapore FY2025 earnings down 33% on higher costs in 'transition year'
The Edge Singapore - Genting Singapore, which operates the Resorts World Sentosa, has reported a 33% drop in its FY2025 earnings to $390.3 million, on the back of a 3% dip in revenue to $2.45 billion. For the full year, gaming revenue was down 6% to $1.6 billion while non-gaming revenue was up 3% yo $847.8 million, than ...
Credit Bureau Asia reports record revenue of $60.1 million; proposes 2.2 cents final dividend
Lin Daoyi - For FY2025 ended Dec 31, Credit Bureau Asia (CBA) has reported $60.1 million in revenue, in contrast to $59.7 million for the previous year. CBA says that this was its highest recorded revenue since its establishment. On earnings, net profit before tax (NPBT) remained “relatively” unchanged at $ ...
Air India technical incidents such as fuel leaks hit 14-month high
Periodic inspections introduced to fix technical incidents
SIA Q3 operating profit up 26% on record revenue; net earnings down 69% in absence of one-off gain
Tay Peck Gek - Net profit at S$505 million on revenue of S$5.5 billion; share of associated companies’ losses including Air India rises by S$163 million
SIA Q3 earnings plunge 68.9% to S$505 million on absence of one-off gain
Tay Peck Gek - [SINGAPORE] Singapore Airlines’ (SIA) net profit for the third quarter ended December tumbled 68.9 per cent year on year to S$505 million,...
SIA reports 3QFY2026 earnings of $505 mil; revenue reaches quarterly record
The Edge Singapore - Singapore Airlines has reported a record quarterly revenue of $5.51 billion for 3QFY2026, an increase of 5.5% over the year-earlier period. However, earnings for the same quarter, at $505 million, was down 68.9% y-o-y as the year-earlier quarter was distorted by a one-off accounting gain of $1.1 bil ...
New US tariffs come in at lower 10% rate
Feb 24 : The United States imposed an additional tariff from Tuesday of 10 per cent on all goods not covered by exemptions, a notice issued by U.S. Customs and Border Protection said, the rate initially announced by President Donald Trump on Friday rather than the 15 per cent he promised a day later ...
Inpex to solicit bids for construction of Indonesia's Abadi LNG project in mid-2026
JAKARTA, Feb 24 : Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development. The Abadi liquefied natural ...
FedEx sues US for refund on Trump's emergency tariffs
More than US$175 billion in tariff collections are subject to potential refunds after the US Supreme Court deemed Donald Trump's emergency tariffs illegal.
Singtel’s Digital InfraCo, Nvidia launch applied AI centre to power Singapore’s innovation capabilities
Koh Kim Xuan - With the centre, large enterprises can get help in deploying AI solutions more quickly and cheaply, backed by Singtel and Nvidia’s resources
Nippon Steel to raise $3.9 billion in Japan's biggest convertible bond offer ever
TOKYO, Feb 24 : Nippon Steel has decided to increase its convertible bond offering to 600 billion yen ($3.85 billion), the biggest in Japan's corporate history, as it seeks to refinance its $15 billion takeover of U.S. Steel and fund business expansion.The company said on Tuesday that it was ra ...
Nippon Steel to raise $3.6 billion in Japan's biggest convertible bond offer ever
TOKYO, Feb 24 : Japan's Nippon Steel plans to raise 550 billion yen ($3.55 billion) via a convertible bond sale - the biggest in Japan's corporate history - as the company seeks to refinance its $15 billion takeover of U.S. Steel, which closed in June, and to fund business expansion.Nippon ...
Japan's Nippon Steel to raise 550 billion yen in convertible bonds
TOKYO, Feb 24 : Japan's Nippon Steel said on Tuesday it planned to raise 550 billion yen ($3.55 billion) via a euro-yen convertible bond sale, as the company is looking for funding to finance its business operations. The bond issue is planned in two equal tranches of 275 billion yen each maturi ...
Freehold hotel at Lorong 12 Geylang back on the market at lower $110 mil guide price
Jovi Ho - A 184-room freehold hotel at 12 Lorong 12 Geylang is back on the market at an 8% lower guide price of $110 million, two years after it was put on sale. That is the address of YaJu Hotel, a two-star hotel that is “within a 20-minute walk from Aljunied and Kallang MRT Stations”, according to its w ...
S$10 billion invested in workforce initiatives over past five years: MOM
Jermaine Fok - Long-term unemployment rate for PMETs remains within the range observed during non-recessionary periods
Thai central bank chief aims for 2026 growth of 2.7% from policy mix, investments
BANGKOK, Feb 24 : Thailand's central bank chief said on Tuesday that fiscal and monetary policy should be deployed in tandem to lift economic growth toward 2.7 per cent this year, up from about 1.9 per cent currently seen.Thailand's overall economic stability remained solid but growth was ...
Japan PM Takaichi voiced concern to BOJ's Ueda over further rate hikes
[TOKYO] Japanese Prime Minister Sanae Takaichi conveyed her reservations about further interest rate hikes when she met with Bank of Japan Governor...
Eni to reach final investment decision for Indonesia gas projects next month, regulator says
JAKARTA, Feb 24 : Indonesia's upstream oil and gas regulator SKK Migas expects Italy's Eni to reach its final investment decision for the development of the Geng North and Gendalo-Gendang gas projects by next month, its head Djoko Siswanto told reporters. He said a new JV formed by Eni and ...
India IT industry surpasses $300 billion amid AI‑driven challenges, openings
MUMBAI, Feb 24 : India's information technology sector is forecast to surpass $300 billion in revenue for the first time in the current fiscal year, an industry body said on Tuesday, amid challenges and opportunities arising from artificial intelligence.Indian IT stocks have slumped in recent w ...
India's technology sector to expand 6% to $315 billion in fiscal 2026, industry body says
MUMBAI, Feb 24 : India's technology sector is expected to grow 6.1 per cent to $315 billion revenue in the ongoing fiscal year and remain around that level next fiscal, driven by artificial intelligence-led services as well as business at global capacity centres, an industry body said on Tuesda ...
Altallo Asset Management in option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft
Andre Tanoto-linked vehicle in option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 per square foot on a net lettable area of about 113,540 sq ft
Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft
Trump’s 10% levy takes effect as US rebuilds tariff wall
The White House is working on a formal order that will increase the global tariff rate to 15%
CEO of Philippine telco giant sees fibre and enterprise segments as key to near-term growth
Lionel Lim - Globe Telecom’s Carl Cruz eyeing opportunities from AI and the impending digitalisation of SMEs
Singapore climbs Macquarie’s Asean preference rankings after Trump’s tariff reset
Deon Loke - Overall, analysts deem Asean economies to be ‘largely winners’ in the reshuffle
Trump seeks vows from tech executives to cover data centre costs
A number of jurisdictions have imposed restrictions on constructing new centres
Meta executive warned Facebook Messenger encryption plan was ‘so irresponsible’, shows court filing
The company is facing a wave of litigation and regulatory threats globally linked to the welfare of young users
Singtel's Digital InfraCo launches 'micro AI grid' with Nvidia to bridge pilot-to-production gap
Nurdianah Md Nur - Singtel’s infrastructure unit, Digital InfraCo, and Nvidia will launch a Centre of Excellence (CoE) for Applied AI in Punggol Digital District in about three months. The CoE will bring together artificial intelligence (AI) infrastructure, frontier model makers, application developers, solution pro ...
StanChart profit climbs but misses estimates, US$1.5 billion buyback launched
The lender earns most of its revenue in Asia and Africa
US retail investors fuel surge in leveraged ETF trading, study shows
PROVIDENCE, Rhode Island, Feb 24: Nearly 90 per cent of all the trading in leveraged single-stock ETFs in the U.S. market can be traced to transactions by individual investors, according to a new study co-authored by Direxion, a provider of those ETFs, together with two analytical firms, Vanda Res ...
IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise Cobol
Software stocks have been battered in recent months by market fears around the growing capabilities of AI tools
Singapore plans legislation to impose energy, cybersecurity standards on data centres and major cloud providers
Nurdianah Md Nur - The Ministry of Digital Development and Information (MDDI) will table legislation in Parliament later this year to mandate stricter energy-efficiency and cybersecurity standards for data centres and major cloud service providers (CSPs), says Senior Minister of State Tan Kiat How. The proposed Digita ...
StanChart profit climbs but misses estimates, $1.5 billion buyback launched
HONG KONG, Feb 24 : Standard Chartered reported on Tuesday that full-year pretax profit rose 16 per cent on robust performances from its global banking and wealth businesses, although the result fell somewhat short of analysts' estimates.The emerging markets-focused lender announced a $1.5 bill ...
