1 day ago
iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable
Ranamita Chakraborty - Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Apple’s iPhone only smartphone to see sales growth in China this January
Every major Chinese mobile maker sees steep declines in a market that is down 23% overall
1 day ago
Wall St rises as markets assess economic data
[NEW YORK] Wall Street’s main indexes inched higher on Thursday (Feb 12), a day after robust jobs growth and a dip in...
1 day ago
It’s not just Swiss francs; Asia’s rich are buying Swiss properties too
Kwan Wei Kevin Tan - When it comes to investing in safe-haven assets during times of crisis, most investors would think of parking their capital in gold. But gold is not exactly cheap these days; prices went up by 66% in 2025 and are now at historic highs even after sharply diving as much as 12% on Jan 30. All that capi ...
1 day ago
Fund top-ups position Singapore as leading centre for equity fundraising
Benjamin Cher - [SINGAPORE] The top-ups to the Financial Sector Development Fund and Anchor Fund are strategic moves to bolster Singapore’s position as a leading...
1 day ago
AI cloud firm Nebius posts surge in capex on GPU, data center expenses
Feb 12 : Nebius Group reported a sharp rise in quarterly capital spending on Thursday, driven by purchases of artificial intelligence processors and growing data center investments, as the AI cloud firm rushes to secure capacity to meet soaring demand.The Amsterdam-based company, which counts tech g ...
1 day ago
Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
Feb 12 : Zebra Technologies forecast 2026 sales and profit above Wall Street estimates on Thursday, banking on robust demand for its barcode scanners and communication devices, sending shares of the company up more than 17 per cent. Zebra also announced a $1 billion share buyback program. The comp ...
1 day ago
SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow
Renald Yeo - A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers
1 day ago
Be wary of China wolves bearing promises
Daryl Guppy - I overheard a China wolf the other day. He was in the restaurant of a five-star hotel, dressed casually and speaking craftily to an eager victim. He claimed he was an old China hand. Actually, he was too young to be an old China hand, although to his victim, he appeared to speak with authority. I kn ...
1 day ago
Mercedes flags more margin pressure ahead, tough road in China
The premium German automaker’s 2025 operating profit misses forecast, down 57%
1 day ago
iFast Corp's FY2025 earnings cross $100 million mark
The Edge Singapore - iFast Corp's earnings for its 4QFY2025 increased by 70.4% y-o-y to $32.86 million, which brings its full-year earnings to $100.1 million, an increase of 50.1%. Revenue for the year ended Dec 31, 2025 was up 34.4% to $514.72 million, with all-round contribution from its various products and mark ...
1 day ago
Airbus wins major order for A350 widebody jets from Air Canada
The purchase agreement, if all rights are exercised, would be valued at about US$3 billion
1 day ago
Sias calls on Advanced Systems Automation to clarify Asti offer over governance, valuation concerns
Chong Xin Wei - Sias founder David Gerald says implied discount to Advanced Systems Automation’s offer has ‘widened materially’ to in excess of 67%
1 day ago
LSEG to build blockchain-friendly digital settlement platform
Feb 12 : LSEG said on Thursday it plans to build an on-chain settlement service for institutional investors called the LSEG Digital Securities Depository, which will connect traditional and digital securities markets.This will enable trading and settlement of tokenised bonds, equities and private ma ...
1 day ago
Lead independent director of Japan Foods Holding investigated by CAD
Teo Zheng Long - Tan Cher Ting, lead independent director of Japan Foods Holding (Japan Foods) (SGX: 5OI ) was interviewed by Commercial Affairs Department (CAD) on Feb 11 in connection with an investigation into an offence under Section 219 of the Securities and Futures Act 2001. According to Japan Foods, Tan is cu ...
1 day ago
PARF rebate changes could boost EV adoption and COE renewals but dampen luxury car sales
Derryn Wong - Observers say that the reduction of de-registration rebates for cars will favour electric vehicles over petrol and petrol-electric hybrids
1 day ago
Beng Kuang Marine’s FY2025 net profit declined 40.9% y-o-y to $12.5 mil, proposes final dividend of 0.6 cents
Teo Zheng Long - Beng Kuang Marine (SGX: BEZ ) (Beng Kuang) has reported a lower net profit of $12.5 million for FY2025 ended Dec 31, 2025. Revenue dropped 12.3% y-o-y to $98.2 million, mainly due to timing delays in offshore asset integrity projects within the Infrastructure Engineering (IE) division. Beng Kuang ex ...
1 day ago
Creative reduces H1 loss to US$1.2 million as restructuring lowers expenses
Ranamita Chakraborty - It attributes the improvement to lower payroll and related expenses following a restructuring exercise in FY2025
1 day ago
CK Hutchison warns of legal action if Maersk takes over Panama’s Balboa, Cristobal terminals
The move comes after Panama’s Supreme Court annulled key port contracts held by PPC
1 day ago
HDB, private rental markets may take hit from higher foreigner work pass salary thresholds
Jessie Lim - Increased business costs may lead employers to trim hiring, market watchers say
1 day ago
Italian tax police search Amazon in new tax probe, sources say
MILAN, Feb 12 : Italian tax police carried out searches on Thursday at Amazon's headquarters in Milan in a new tax evasion investigation into the U.S. tech giant, two sources with direct knowledge of the matter told Reuters.The sources said the Guardia di Finanza tax police also searched the ho ...
1 day ago
Exclusive-Italian tax police search Amazon in new tax probe
MILAN, Feb 12 : Italian tax police carried out searches on Thursday at Amazon's headquarters in Milan in a new tax evasion investigation into the U.S. tech giant, two sources with direct knowledge of the matter told Reuters.The Guardia di Finanza tax police also searched the homes of seven Amaz ...
1 day ago
Iron Mountain forecasts annual revenue above estimates on strong data center demand
Feb 12 : Iron Mountain forecast fiscal 2026 revenue above Wall Street estimates on Thursday, as enterprises ramp up spending on land leases to set up data centers powering artificial intelligence workloads.A boom in generative artificial intelligence has spurred companies to invest heavily in buil ...
1 day ago
Anthropic to donate $20 million to US political group backing AI regulation
WASHINGTON, Feb 12 : Anthropic will spend $20 million to back U.S. political candidates who support regulating the AI industry, according to a company statement released on Thursday. The company is donating to Public First Action, a political group that opposes federal efforts to quash state AI r ...
1 day ago
Amsterdam-based AI firm Nebius to build 240MW data centre near Lille, France
AMSTERDAM, Feb 12 : Nebius, the Amsterdam-based AI cloud services firm, is planning a new 240-megawatt data centre in Béthune, France, near Lille, that will be one of Europe’s largest when it is finished, the company said on Thursday.The project, a redevelopment of a former Bridgestone tyre plant ...
1 day ago
Lum Chang H1 earnings surge to S$7.3 million despite lower revenue
Chong Xin Wei - Its board proposes an interim dividend of S$0.005 per share, and a special dividend of S$0.015 per share
1 day ago
Italian rail operator Italo picks Starlink for satellite internet on trains
MILAN, Feb 12 : Italian high‑speed rail operator Italo said on Thursday it would introduce SpaceX's Starlink system across its fleet, becoming the world's first major train company to rely on the low‑Earth‑orbit satellite connectivity service.Elon Musk's Starlink has been expand ...
1 day ago
BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
Chong Xin Wei - Its sales order book stood at around S$2.2 billion as at end-December
1 day ago
Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
Ranamita Chakraborty - Revenue for period climbs 31% to S$53.5 million
1 day ago
Is CPF’s new life-cycle investment scheme for everyone?
Genevieve Cua - The portfolios’ returns will hinge on a long horizon and some hand-holding
1 day ago
Samsung ships latest HBM4 chips to catch-up in AI race
The global rush to build AI data centres has fuelled demand for such chips
1 day ago
Quick takes on EQDP top-up, support for start-ups
Chloe Lim - S$1 billion will be portioned for the Startup SG Equity Scheme
1 day ago
iX Biopharma secures US$40.95 mil contract from US Department of Defense
The Edge Singapore - iX Biopharma has been awarded a US$40.95 million development contract by the US Department of Defense to fund the development of Wafermine®, its patented sublingual ketamine wafer for the treatment of acute moderate to severe pain. The contract was awarded to iX Biopharma under a sole-source procur ...
1 day ago
CK Hutchison warns legal action if Maersk takes over Panama's Balboa, Cristobal terminals
Feb 12 : Hong Kong's CK Hutchison said on Thursday it has notified Panama of a dispute over an investment protection treaty after A.P. Moller – Maersk expressed willingness to assume temporary management of Balboa and Cristobal terminals.APM Terminals Panama, a Maersk subsidiary, said in late ...