Business
iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable
Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division Digital bank and wealth…
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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 Apple’s iPhone was the only smartphone line to…
Business
Wall St rises as markets assess economic data
Wall Street’s main indexes inched higher on Thursday (Feb 12), a day after robust jobs growth and a dip in unemployment eased concerns…
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Business
A Terrifying Scam and the System That Made It Possible
Burch tracks these cases, and has conducted her own research on plaintiffs’ experiences. Her findings are sobering: plaintiffs almost…
Business
Budget 2026: Fund top-ups position Singapore as leading centre for equity fundraising
EQDP expansion signals long-term commitment to strengthen equities market Anchor Fund top-up shows the government’s willingness to invest…
Business
Mercedes flags more margin pressure ahead, tough road in China
[STUTTGART, Germany] Mercedes-Benz said on Thursday (Feb 12) that the profit margin at its autos division could fall further this year,…
Business
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 Air Canada will acquire eight Airbus SE…
Business
Sias calls on Advanced Systems Automation to clarify Asti offer over governance, valuation concerns
Sias founder David Gerald says implied discount to Advanced Systems Automation’s offer has ‘widened materially’ to in excess of 67% The…
Business
Creative reduces H1 loss to US$1.2 million as restructuring lowers expenses
It attributes the improvement to lower payroll and related expenses following a restructuring exercise in FY2025 Creative Technology…
Business
Lum Chang H1 earnings surge to S$7.3 million despite lower revenue
Its board proposes an interim dividend of S$0.005 per share, and a special dividend of S$0.015 per share Lum Chang on Thursday (Feb 12)…
Business
BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
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…
Business
Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
Newly listed Lum Chang Creations (LCC), the restoration and interior fit-out business of Lum Chang Holdings (LCH), recorded a net profit…
Business
Samsung ships latest HBM4 chips to catch-up in AI race
Samsung Electronics said on Thursday (Feb 12) it had started shipping its most advanced HBM4 chips to unnamed customers, as it tries to…
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Charli XCX Misses the Moment
Download a transcript. Listen and subscribe: Apple | Spotify | Wherever You Listen Sign up to receive our weekly cultural-recommendations…
Business
Sen 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…
Business
Singapore stocks gain more ground on Thursday, STI up 0.7%
Singapore stocks ended higher on Thursday (Feb 12) as regional indices mostly tracked lower. The benchmark Straits Times Index (STI)…
Business
Hospitality 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 The hospitality sector may be poised to…
Business
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 A has banned carmakers…
Business
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…
Business
Lufthansa strikes force hundreds of German flight cancellations
Europe’s largest aviation group faces mounting pressure to lift profitability in a crowded market Deutsche Lufthansa cancelled hundreds of…
Business
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 Group opened a new global capability centre in…
Business
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 Asian stocks rose to a record high on…
Business
Gold, silver dip as dollar rises after strong US jobs data
Gold and silver fell on Thursday (Feb 12) as the US dollar firmed after stronger-than-expected January jobs data dented expectation for…
Business
STI crosses 5,000 mark for first time to record high
Its gains follow measures to revive Singapore’s stock market, a strong Singdollar and a pivot from US dollar assets After days of…