Business Headlines & Singapore Stock Market News

21 hours ago

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

21 hours ago

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

21 hours ago

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 ...

21 hours ago

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

21 hours ago

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 ...

21 hours ago

JD.com’s founder Richard Liu launches yacht brand

Liu is investing 5 billion yuan in Sea Expandary

21 hours ago

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

21 hours ago

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 ...

21 hours ago

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 ...

21 hours ago

ASML sees AI demand as long-term growth driver in 2025 annual report

21 hours ago

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 ...

21 hours ago

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 ...

21 hours ago

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 ...

21 hours ago

Genting Singapore leads STI’s 0.3% decline on Wednesday

Benicia Tan - The iEdge Singapore Next 50 Index closes flat at 1,526.59

21 hours ago

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)

22 hours ago

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

22 hours ago

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

22 hours ago

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&# ...

22 hours ago

SingLand’s 2HFY2025 patmi falls 11% y-o-y, declares 4.5-cent dividend per share

Jovi Ho - Singapore Land (SingLand) has reported revenue of $414.9 million for 2HFY2025 ended Dec 31, 2025, up 6% y-o-y. Correspondingly, gross profit rose 15% y-o-y in 2HFY2025. 2HFY2025 net profit attributable to equity holders (patmi) amounted to $160.9 million, 11% lower y-o-y. For FY2025, SingLand record ...

22 hours ago

Hong Leong Asia reports FY2025 earnings of $112.8 mil; proposes final dividend of 3 cents per share

Felicia Tan - Hong Leong Asia has reported earnings of $112.8 million for the FY2025 ended Dec 31, 2025, 28.5% higher y-o-y. Earnings per share (EPS) also increased by 28.5% y-o-y to 15.08 cents. The group has proposed a final dividend of 3 cents per share, bringing its total dividend to 5 cents per share for FY2 ...

22 hours ago

Yangzijiang Financial to report a loss for H2, full-year FY2025

Benjamin Cher - This follows a reassessment to reflect updated credit risk profiles in China’s markets

22 hours ago

Tech stock rally set for a test as Nvidia results due

LONDON/ SYDNEY, Feb 25 : A bounceback by tech stocks around the world helped drive equity markets higher on Wednesday and set the scene for Nvidia's earnings report, while investors set aside their concerns around U.S. tariffs - at least for now.MSCI's world share index was up 0.3 per cent ...

22 hours ago

Semiconductor firm Ambiq to expand R&D in Singapore, eyes 30 specialised tech hires

Young Zhan Heng - This strengthens the Republic’s push to anchor high-value semiconductor research amid rising global demand for on-device AI

22 hours ago

KSH wins new construction contract worth $503 mil

The Edge Singapore - KSH Holdings says it has won a new construction contract worth $503 million, which has brought its order book to $970 million. This order book will help contribute through to its year ending March 2030. Analysts Linus Choo and Chan En Jie of Lim and Tan Securities have an “accumulate” call and t ...

22 hours ago

Tycoon Richard Li’s Bolttech in talks to buy MoneyHero: sources

Both financial technology firms are backed by Li’s investment firm Pacific Century Group

22 hours ago

Russia fines Google for distributing VPN services, TASS reports

MOSCOW, Feb 25 : A Russian court has fined Alphabet's Google over 22 million roubles ($288,000) for distributing VPN (virtual private network) services on the Google Play app store, state news agency TASS reported on Wednesday.VPNs provide a means for Russians to access foreign tech platforms a ...

22 hours ago

Workday shares extend declines as soft forecast deepens AI disruption fears

Feb 25 : A selloff in Workday shares resumed on Wednesday after the HR and payroll software maker's soft sales forecast fanned investor fears about its ability to stay competitive in the AI era.The stock fell 9 per cent in premarket trading and was on track to widen losses of about 40 per cent ...

22 hours ago

Workday tumbles on dour revenue outlook amid AI threat

Feb 25 : Workday shares fell about 10 per cent premarket on Wednesday after the enterprise software maker forecast downbeat revenue as corporations pull back on spending amid broader macroeconomic uncertainty.The shares have tumbled about 40 per cent this year driven by a wider sell-off in software ...

22 hours ago

Workday hits over five-year low as sluggish sales forecast sparks AI disruption fears

Feb 25 : A rout in Workday shares resumed on Wednesday after the HR and payroll software maker's soft sales forecast fanned investor worries about whether the firm could stay competitive in the AI era, sending its shares spiraling to a more than five-year low.The stock fell 8.3 per cent in earl ...

22 hours ago

Yangzijiang Financial Holding to sink into the red for FY2025 on credit loss

The Edge Singapore - Yangzijiang Financial Holding warns that it will report a net loss for its FY2025 ended Dec 2025, as it will be recognising "substantial" credit loss allowances following a comprehensive review of its debt investment portfolio. "The reassessment reflects updated credit risk profiles i ...