16 hours ago
Hospitality sector may benefit, with 2026 tourist arrivals forecast to hit 17 million: OCBC Research
Therese Soh - Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
‘Go time’: Hospitality sector may benefit with 2026 tourist arrivals forecast to reach 17 million
Therese Soh - Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts
16 hours ago
Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia
JAKARTA, Feb 12 : Indonesia's biggest listed oil and gas company PT Medco Energi Internasional plans "aggressive" expansions in Southeast Asia and the Middle East as it bets on rising energy demand, particularly from data centres, its president director said.Medco last year announced ...
16 hours ago
SoftBank posts fourth straight quarterly profit of $1.6 billion on OpenAI gains
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter, boosted by the rising valuation of its investment in OpenAI. The results, which mark SoftBank's fourth consecutive quarter in the black, comp ...
16 hours ago
SoftBank posts $1.6 billion quarterly profit on OpenAI gains
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter, boosted by the rising valuation of its investment in OpenAI. The results, which mark SoftBank's fourth consecutive quarter in the black, comp ...
16 hours ago
SoftBank posts $1.6 billion profit in third quarter
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter.The results compare to a net loss of 369 billion yen over the same period the previous year.The results mark SoftBank's fourth consecutive qua ...
16 hours ago
Legrand bets on data centre growth, lifts profit targets
Feb 12 : French electrical and digital building infrastructure group Legrand on Thursday said strong data centre demand was helping its expansion, supporting a slight increase in its medium-term profitability targets.The group, which sells products for the commercial, industrial and residential sect ...
16 hours ago
Lim & Tan Securities starts Reclaims Global at ‘buy’ with target price of 60 cents
Felicia Tan - Lim & Tan Securities analysts Linus Loo and Chan En Jie have initiated a “buy” call on Reclaims Global with a target price of 60 cents, implying an upside of 27.7% to its last-closed price of 47 cents on Feb 11. “We see several imminent re-rating catalysts for Reclaims Global in March 2026 ...
16 hours ago
Samsung Electronics says it has shipped HBM4 chips to customers
SEOUL, Feb 12 : Samsung Electronics said on Thursday that it has begun mass production of its latest HBM4 chips and has shipped commercial products to customers.
16 hours ago
China bans below-cost car sales to end prolonged price war
Despite Beijing’s efforts to stamp out aggressive discounting, the new year has brought a new round of price cuts
17 hours ago
Toyota extends bid for group forklift maker after Elliott's opposition
TOKYO, Feb 12 : A Toyota Motor tender offer for Toyota Industries has been extended until March 2 after it appeared to fall short of the necessary shareholder votes in the face of staunch opposition from activist shareholder Elliott Investment.News of the extension boosted expectations that the offe ...
17 hours ago
Toyota extends bid for group forklift manufacturer after Elliott's opposition
TOKYO, Feb 12 : A Toyota Motor tender offer for Toyota Industries has been extended until March 2 after staunch opposition from U.S. activist shareholder Elliott Investment Management, lifting shares in the forklift manufacturer to a record high.The sweetened tender offer was due to close on Thursda ...
17 hours ago
Toyota group firm extends Toyota Industries tender offer to boost buyout's chances
TOKYO, Feb 12 : A group company of Toyota Motor said on Thursday that the tender offer period for its buyout of forklift maker Toyota Industries will be extended until March 2 to increase the chances of the bid succeeding. The deadline was extended from February 12 to give shareholders a fresh oppor ...
17 hours ago
Blackstone folds hedge fund seeding into US$60 billion business
SAF typically gives emerging managers locked-up startup capital in the region of US$150 million, in exchange for a cut of their revenue
18 hours ago
Lufthansa strikes force hundreds of German flight cancellations
Europe’s largest aviation group faces mounting pressure to lift profitability in a crowded market
18 hours ago
Maybank's Ong raises target price for Thomson Medical on higher underlying Johor landbank value
The Edge Singapore - Eric Ong of Maybank Securities has kept his "hold" call on Thomson Medical, citing how near-term headwinds persist for the company's existing hospital operations. However, with an eye on its landbank in Johor that is seen to be fetching a richer underlying value estimated by Ong at $1 ...
18 hours ago
DBS maintains Prime US REIT at 'buy' and 35 US cents target price following higher payout ratio
The Edge Singapore - Derek Tan of DBS Group Research has kept his "buy" call and 35 US cents target price on Prime US REIT, cheered by the REIT's plan to up its payout ratio to 65% from 50% now, which in turn, was already an increase from just 10% previously. On Feb 11, the REIT announced its 2HFY2025 DPU ...
18 hours ago
UBS joins foreign banks expanding India global capability hubs
The Swiss bank plans to add “2,000 professionals in the coming months” at the new facility
19 hours ago
Indonesia reviews decision to take over Martabe gold mine
Authorities have said the assets will be transferred to the sovereign wealth fund Danantara Indonesia
19 hours ago
Asian stocks at record high, US jobs data buoys yields, dollar
Inflation data is due on Friday and will be the next test for market views on interest rate cuts
19 hours ago
Pentagon pushing AI companies to expand on classified networks: sources
Military officials are hoping to leverage AI’s power to synthesise information to help shape decisions
20 hours ago
China has bought some Venezuelan oil from the US, Chris Wright says
In Asia, several Indian refiners have bought Venezuela’s flagship Merey crude following the US action
20 hours ago
Johor data centres hit ‘time to power’ bottleneck
Anita Gabriel - Approvals and grid delivery delays – not generation capacity – are determining which data centre projects move ahead on schedule
20 hours ago
Gold, silver dip as dollar rises after strong US jobs data
Investors now await the weekly jobless claims report on Thursday
20 hours ago
US FTC raises concerns over accusations Apple News favors articles from left-wing outlets
Feb 11 : The U.S. Federal Trade Commission has raised concerns with Apple about accusations that Apple News promotes news articles from left-wing news outlets and suppresses content from conservative publications, the FTC's chairman said on Wednesday.In a letter sent to Apple CEO Tim Cook, FTC ...
20 hours ago
South Koreans are shunning dangerous shipbuilding jobs envied by Trump
Demand is growing as the industry enjoys a new boom that puts further strains on its workforce
21 hours ago
Zheneng Jinjiang Environment has been approached on ‘possible transaction’ of shares
Teo Zheng Long - Zheneng Jinjiang Environment Holding (SGX: BWN ) (Zheneng Jinjiang) has announced that the company has been approached with regards to a “possible transaction” of involving its shares. In a filing dated Feb 12, Zheneng Jinjiang’s board of directors said that the “possible transaction” is n ...
21 hours ago
STI crosses 5,000 mark for first time to record high
Therese Soh - Its gains follow measures to revive Singapore’s stock market, a strong Singdollar and a pivot from US-dollar assets
21 hours ago
STI crosses 5,000 mark for first time to a new record
Therese Soh - Its gains follow measures to revive Singapore’s stock market, a strong Singdollar and a pivot from US-dollar assets
21 hours ago
GIC weighs selling stake in European data centre JV for up to one billion euros
The joint venture operates data centres under the xScale brand
21 hours ago
Japan not lowering guard against FX volatility, top currency diplomat says
TOKYO, Feb 12 : Japan has not eased its vigilance over exchange-rate movements, its top currency diplomat Atsushi Mimura said on Thursday, issuing a fresh warning against currency volatility after the yen surged against the dollar."There has been various speculation on whether we conducted rate ...
21 hours ago
Japan not lowering guard against FX moves, top currency diplomat says
TOKYO, Feb 12 : Japan's top currency diplomat Atsushi Mimura said on Thursday Tokyo has not lowered its guard against foreign exchange movements, issuing a fresh warning against currency volatility even after the yen surged against the dollar."Our policy remains unchanged. We will continue ...
21 hours ago
STI passes 5,000 mark, new record high
Kwan Wei Kevin Tan - Singapore’s flagship Straits Times Index (STI) passed the 5,000 point mark for the first time on Feb 12, hitting 5003 points shortly after markets opened. The STI passed its last major milestone on March 28, 2025 when it crossed 4,000 points. It went on to pass the 4,600 mark in December. The STI ...
21 hours ago
UK’s digital bonds to be issued using HSBC blockchain platform
The plans also come as large financial institutions around the globe ramp up efforts to tokenise other financial instruments