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 ...
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 ...
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
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 ...
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
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
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
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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
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
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
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
Quick takes on EQDP top-up, support for start-ups
Chloe Lim - S$1 billion will be portioned for the Startup SG Equity Scheme
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 ...
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 ...
CK Hutchison warns Maersk over Panama port administration
Feb 12 : Hong Kong's CK Hutchison said on Thursday that it has notified the Republic of Panama of a dispute over an investment protection treaty after A.P. Moller – Maersk said it was willing to assume temporary management of Panama's Balboa and Cristobal terminals.The firm said in a sta ...
Singapore’s cautious hiring outlook isn’t about fewer jobs – it’s about different ones
Growth remains firmly on the agenda – the difference lies in how it is structured
Siemens boosts 2026 profit outlook on AI-driven data centre demand, shares jump
ZURICH, Feb 12 : Siemens raised its full-year profit outlook on Thursday after first-quarter profit exceeded expectations, boosted by surging demand for AI-driven data-centre infrastructure and sending shares up over 6 per cent in early trading.CEO Roland Busch said the data-centre business pushed u ...
Gold proxies gain on soaring prices, but ‘be prudent, earnings matter!’ reminds OCBC
Douglas Toh - With a year-to-date (ytd) gain of 18%, gold prices soared to a record high of US$5,595.47 ($7,056.03) per ounce late January this year, topping off 2025’s 65% gain. OCBC Group Research (OCBC) analyst Carmen Lee notes that gold demand continues to persist as global uncertainty including geopolitica ...
Tech leaders welcome Singapore’s Budget 2026 AI push but flag execution risks
Nurdianah Md Nur - Singapore’s latest AI measures signal a more structured push to embed artificial intelligence (AI) across the economy. At Budget 2026, Prime Minister and Finance Minister Lawrence Wong announced the creation of a National AI Council, alongside sector-focused “AI missions” and expanded fiscal i ...
ASL Marine’s 1HFY2026 net profit surged more than 700% y-o-y to $17.1 mil, declares interim dividend of 0.13 cents
Teo Zheng Long - ASL Marine Holdings (SGX: A04 ) (ASL Marine) has reported a significantly higher net profit of $17.1 million for 1HFY2026 ended Dec 31, 2025. Revenue for 1HFY2026 grew by 5.5% y-o-y to $181.6 million. The higher revenue was attributed to higher contribution across its ship repairs and ship charterin ...
FCT malls get a makeover with RTS in mind
Goola Warden and Teo Zheng Long - Here’s how Frasers Centrepoint Trust is upgrading and enhancing its suburban malls to stay attractive in the face of rising competition from JB, with the launch of the Rapid Transit System As Frasers Centrepoint Trust’s (FCT) 20th anniversary approaches, Richard Ng, CEO of Frasers Centrepoint Tr ...
Cyber security firm Check Point Software Q4 profit tops estimates
JERUSALEM, Feb 12 : Check Point Software Technologies beat expectations for fourth-quarter profit on Thursday, boosted by sales gains in its products that protect and prevent corporate networks from cyber threats.The Israeli-based network security company reported $3.40 per diluted share, excluding ...
Check Point Software lifts profit outlook as AI-driven cyber threats surge
JERUSALEM, Feb 12 : Check Point Software Technologies beat fourth-quarter profit expectations on Thursday and said surging demand for protection against AI-driven cyber threats would help lift its 2026 revenue close to $3 billion.Companies are expected to spend more on cybersecurity due to concerns ...
Check Point Software expects boost from AI cyber protection as Q4 profit jumps
JERUSALEM, Feb 12 : Check Point Software Technologies beat expectations for fourth-quarter profit on Thursday, and said a fast-growing need to protect computer networks from artificial intelligence-led cyber threats would help drive growth in 2026.Companies are expected to spend more on cybersecurit ...
Facing the JB competition head-on
Goola Warden and Teo Zheng Long - In a recent interview, Richard Ng, CEO of Frasers Centrepoint Trust’s (FCT) manager, promises an exciting asset enhancement initiative (AEI) for Causeway Point, its 420,000 sq ft mall that is next to Woodlands MRT Station. The potential for a rental uplift appears significant. Cathay Cinema vacate ...
Lum Chang Creation’s 1HFY2026 net profit surged 104% y-o-y to nearly $11 mil, declares interim dividend of 2.5 cents
Teo Zheng Long - Lum Chang Creations Limited (SGX: LCC ) (LCC) has posted a higher net profit of nearly $11 million for 1HFY2026 ended Dec 31, 2025, on back of improved operational performance. Revenue for 1HFY2026 was up by 31% y-o-y to $53.5 million. The higher topline was driven by increased work progress recogni ...
Lum Chang Creations’ 1HFY2026 net profit surges 104% y-o-y to nearly $11 mil, declares interim dividend of 2.5 cents
Teo Zheng Long - Lum Chang Creations Limited (SGX: LCC ) (LCC) has posted a higher net profit of nearly $11 million for 1HFY2026 ended Dec 31, 2025, on back of improved operational performance. Revenue for 1HFY2026 was up by 31% y-o-y to $53.5 million. The higher topline was driven by increased work progress recogni ...
