Posts by Swedan Margen
BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
[SINGAPORE] Steel fabricator BRC Asia on Thursday (Feb 12) reported a net profit of S$27.3 million for the first quarter ended Dec 31, 2025. This compares with a profit after tax of S$19.5 million recorded in the year-ago period. Revenue for Q1 rose 27 per cent to S$444.3 million, from S$349.8 million in the previous…
Read MoreLum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
[SINGAPORE] Newly listed Lum Chang Creations (LCC) , the restoration and interior fit-out business of Lum Chang Holdings (LCH) , recorded a net profit of S$11 million for the first half ended Dec 31, 2025, up 104 per cent from S$5.4 million in the year-ago period. The group attributed the strong performance to improved operational…
Read MoreSamsung ships latest HBM4 chips to catch-up in AI race
Published Thu, Feb 12, 2026 · 07:22 PM [SEOUL] Samsung Electronics said on Thursday (Feb 12) it had started shipping its most advanced HBM4 chips to unnamed customers, as it tries to narrow the gap with rivals in supplying critical parts for Nvidia’s AI accelerators. The global rush to build AI data centres has fuelled…
Read MoreCharli XCX Misses the Moment
Download a transcript. Listen and subscribe: Apple | Spotify | Wherever You Listen Sign up to receive our weekly cultural-recommendations newsletter. Once the fervor around Charli XCX’s 2024 album “brat” had cooled, the singer was approached to make a documentary about the tour—a practice that’s been embraced by the likes of Taylor Swift and Beyoncé.…
Read MoreSen Yue Holdings receives privatisation offer at S$0.008 per share, with cash or shares option
Offer comes amid prolonged trading suspension, regulatory overhang, which adversely affects its access to funding and borrowing capacity [SINGAPORE] Waste management company Sen Yue Holdings on Thursday (Feb 12) received a voluntary unconditional general offer from Cenvios Holdings to acquire all its shares at S$0.008 apiece. Shareholders are given the option of receiving cash or…
Read MoreSingapore stocks gain more ground on Thursday, STI up 0.7%
[SINGAPORE] Singapore stocks ended higher on Thursday (Feb 12) as regional indices mostly tracked lower. The benchmark Straits Times Index (STI) gained 0.7 per cent or 32.18 points to finish at 5,016.76. Meanwhile, the iEdge Singapore Next 50 Index gained 0.1 per cent or 1.35 points to 1,519.58. Across the broader market, gainers edged out…
Read MoreHospitality sector may benefit, with 2026 tourist arrivals forecast to hit 17 million: OCBC Research
Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts [SINGAPORE] The hospitality sector may be poised to reap benefits with Singapore’s tourist arrivals forecast to hit 2026 targets set by the Singapore Tourism Board (STB), said OCBC Group Research. While 2025’s 16.9 million tourist arrivals were shy of STB’s projected 17…
Read MoreChina 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 Published Thu, Feb 12, 2026 · 02:05 PM CHINA has banned carmakers from pricing vehicles below cost, intensifying its crackdown on a persistent price war that’s engulfed the world’s largest auto market. In a final set…
Read MoreBlackstone 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 Published Thu, Feb 12, 2026 · 01:33 PM [LONDON] Blackstone is moving its unit that backs startup hedge funds into the US$60 billion Absolute Return business, giving itself scale to compete with the…
Read MoreLufthansa strikes force hundreds of German flight cancellations
Europe’s largest aviation group faces mounting pressure to lift profitability in a crowded market Published Thu, Feb 12, 2026 · 12:53 PM [FRANKFURT] Deutsche Lufthansa cancelled hundreds of flights departing from German airports on Thursday (Feb 12) as pilots and cabin crew staged a one-day strike in response to stalled contract negotiations. The walkouts started…
Read MoreUBS 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 Published Thu, Feb 12, 2026 · 12:05 PM [MUMBAI] UBS Group opened a new global capability centre in the southern Indian city of Hyderabad, as foreign financial firms, including those from Wall Street, look to leverage local talent and…
Read MoreIndonesia reviews decision to take over Martabe gold mine
Authorities have said the assets will be transferred to the sovereign wealth fund Danantara Indonesia Published Thu, Feb 12, 2026 · 11:35 AM [JAKARTA] Indonesia is reviewing its decision to take over the Martabe gold mine from a company linked to Jardine Matheson, its energy minister said late on Wednesday (Feb 11), after previously announcing…
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