Oil prices gain 1.5% on increasing concerns of Iran attack
Jan 29 : Oil prices rose more than 1.5 per cent in Asian trade, extending gains for a third day on Thursday, on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.Brent crude futures rose 99 cents, or 1.5 per cen ...
Oil prices rise for a third day on increasing concerns of Iran attack
BEIJING, Jan 29 : Oil prices rose for a third day on Thursday on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.Brent crude futures rose 50 cents, or 0.73 per cent, to $68.9 a barrel by 0216 GMT, but U.S. Wes ...
Philippines' Q4 GDP up 3% on year, below forecast
MANILA, Jan 29 : The Philippine economy grew 3 per cent in the last quarter of 2025 compared to a year earlier, weaker than the downwardly revised 3.9 per cent expansion for the previous quarter, the country's statistics agency said on Thursday. The pace fell below a 4 per cent median forecast ...
Philippine Q4 growth skids to 5-year low, raises odds of further rate cuts
MANILA, Jan 29 : Philippine economic growth slumped to its weakest in almost five years in the final quarter of 2025, with the full-year pace coming in well behind the government's target in a sharp blow to this year's outlook and raising the odds of further rate cuts. The weak economic pe ...
APG and QIA are reported to be anchor investors in Hongkong Land's SCPREF
The Edge Singapore - APG (All Pension Group, Algemene Pensioen Groep), a Dutch pension investment company based in the Netherlands, which is a subsidiary of the largest pension fund in the Netherlands, and Qatar Investment Authority (QIA) are reported by PERE to be the anchor investors in Hongkong Land's Singapore ...
PM Wong to deliver 2026 Budget statement on Feb 12 at 3.30 pm
Navene Elangovan - He is expected to address Singaporeans’ aspirations and concerns about an ‘uncertain external environment’
PM Wong to deliver 2026 Budget statement at 3.30pm on Feb 12
Navene Elangovan - [SINGAPORE] Prime Minister Lawrence Wong will deliver the Budget statement for 2026 at 3.30pm on Feb 12 in Parliament.
Insurance platform Ethos Technologies, backers raise about $200 million in US IPO
Jan 28 : Ethos Technologies and some of its shareholders raised about $200 million in a U.S. initial public offering, the insurance platform said on Wednesday.The company and the selling shareholders sold 10.5 million shares at $19 apiece, the midpoint of its targeted range of $18 to $20 a share. Th ...
Ethos Technologies prices US IPO at $19/share, Bloomberg News reports
Jan 28 : Insurance platform Ethos Technologies priced its U.S. initial public offering at $19 per share, Bloomberg News reported on Wednesday, citing a person familiar with the matter.Reuters could not immediately verify the report. Ethos did not immediately respond to a request for comment. The li ...
Meta leans on improved ad business to fuel massive AI spending
Investors have historically been anxious about whether the company’s businesses will benefit meaningfully from its hefty AI investments
Asia tech seeks to extend January surge, gold keeps flying
SYDNEY, Jan 29 : Asian tech stocks looked to extend a month-long rally on Thursday with optimism over earnings undimmed into Apple's results, while the dollar remained shaky despite verbal support from both U.S. and European officials.Gold and silver climbed to all-time highs as investors conti ...
Asia tech streak takes a timeout, gold keeps climbing
SYDNEY, Jan 29 : Asia's runaway stock markets took a breather on Thursday as mixed earnings out of the tech sector stirred caution ahead of Apple's results, while the dollar looked shaky despite verbal support from both U.S. and European officials.Gold and silver climbed to all-time highs ...
Federal Reserve’s Powell dodges questions on his future, but has advice for his successor
Powell’s term as chair ends in May
Thoma Bravo-backed Anaplan prepares confidential IPO filing, The Information reports
Jan 28 : U.S. software maker Anaplan could file confidentially for an initial public offering in coming weeks, The Information reported on Wednesday, nearly four years after private equity firm Thoma Bravo took the firm private in a $10.4 billion deal.Reuters could not immediately verify the story, ...
Australian bourse operator ASX jumps after appointments to its corporate governance advisory group
ASX has been under regulatory scrutiny for the past few years
DBS opens at $60, new record high for stock
Kwan Wei Kevin Tan - DBS Group Holdings (SGX: D05 ) opened at $60 this morning when markets started trading, a new record high. Shares of the Singaporean bank crossed the $50 mark in August. DBS is set to announce its 4QFY2025 and FY2025 results on Feb 9. In a Nov 28 report, JP Morgan analysts Harsh Wardhan Modi and Dan ...
Skylink Holdings plans to raise up to $7.02 million via share placement at 27 cents each
Teo Zheng Long - Skylink Holdings (SGX: XZB ) plans to raise up to $7.02 million via a proposed share placement at 27 cents each. The proceeds raised will be used mainly for the expansion of electric commercial vehicles fleets, electric vehicle initiatives and loan book including through related merger and acquisiti ...
Ringgit owes its surge to forces well beyond US dollar’s weakness
The currency has already climbed more than 3% in January
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
MSCI warned the market risked a downgrade
LG Energy Solution's Q4 operating loss narrows on energy storage demand
SEOUL, Jan 29 : South Korea's LG Energy Solution (LGES) reported on Thursday a narrower operating loss for the fourth quarter, as solid demand for energy storage system batteries helped cushion the impact of slowing electric vehicle sales.LGES, which supplies Tesla, General Motors and Hyundai M ...
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs
RTS won’t impact homes in the North; Marina South needs ‘branded’ school: panel
Jovi Ho - The Johor Bahru–Singapore Rapid Transit System (RTS) Link will be a “game-changer” when it begins operations, says Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia. The 4km-long rail project is slated to open by end-2026. “As long as we move people around, t ...
US moves away from critical mineral price floors: sources
Other countries, including Australia, have also considered price floors for critical minerals
Stocks to watch: Sembcorp, Mapletree Industrial Trust, Ho Bee Land
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 29):
MAS maintains monetary policy in January
Felicia Tan - The Monetary Authority of Singapore (MAS) will maintain the current rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. The central bank said, in its Jan 29 announcement, that it will not change the band’s width and the level at which it is centred. ...
Bumble, Match, Panera Bread and CrunchBase hit by cyberattacks, Bloomberg News reports
Jan 28 : Bumble, Match Group, and CrunchBase were hit by cyberattacks, Bloomberg News reported on Wednesday, citing spokespersons of the impacted companies.Panera Bread also confirmed that an incident occurred and has alerted authorities. "The data involved is contact information," it said ...
Gold nears US$5,600/oz as investors seek safety, silver eyes US$120
The white metal has jumped more than 60% so far this year
Gold climbs to record above US$5,500 on bets for dovish Fed chair
Bullion surged as much as 3.2% in early trading on Thursday
Singapore leaves monetary policy settings unchanged in January, for third straight quarter
Paige Lim - Full-year core and headline inflation forecasts are raised to 1 to 2%, up from 0.5 to 1.5%
Singapore leaves monetary policy settings unchanged in January but raises inflation forecasts
Paige Lim - MAS ups full-year core and headline inflation forecasts to 1-2%, from 0.5-1.5%
Frasers Property Singapore unveils new retail brand and service identity to elevate customer experience
The Edge Singapore - Frasers Property Singapore has announced a unified retail brand and service identity, alongside digital and physical customer touchpoints. According to a Jan 29 announcement, these initiatives reinforce the company’s commitment to creating community-first, inclusive and vibrant retail environments ...
Has landed housing found a ‘price floor’? Huttons director says no
Jovi Ho - Has landed housing in Singapore found a price floor? Quite the opposite, says Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia. The supply of landed homes in Singapore is “very much limited”, says Lee on a panel at the BCA-REDAS Built Environment And Real Estate ...
Google disrupts large residential proxy network, reducing devices used by operators by 'millions'
Jan 28 : Google said on Wednesday it has taken action to remove domains belonging to one of the largest residential proxy networks in the world, called IPIDEA, in an effort to protect millions of consumer devices from being exploited by cybercriminals and state-sponsored hackers.Residential proxy ne ...
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them
