Posts by Liam Redmond
SGX records all-time highs in revenue, net profit for FY2026
[SINGAPORE] Singapore Exchange (SGX) recorded a 7.8 per cent rise in its FY2026 net profit to S$698.4 million on Thursday (Aug 6), driven by gains across all operating segments. Net revenue rose 13.9 per cent to S$1.5 billion, while earnings per share (EPS) increased to S$0.653. SGX said FY2026 marked a record year for both…
Read MoreStarHub to take MyRepublic’s 4G customers on its network under expanded agreement
This follows their wholesale partnership set up in 2022 and StarHub’s acquisition of MyRepublic Broadband last August [SINGAPORE] StarHub and MyRepublic have expanded their partnership in the mobile segment by moving all subscribers of MyRepublic Mobile onto StarHub’s network. A joint announcement by the two parties on Thursday (Aug 6) said the move entails moving…
Read MoreVenture Q2 net profit up 10.3% at S$63 million, increases interim dividend
[SINGAPORE] Technology solutions provider Venture Corp posted a 10.3 per cent increase in net profit to S$63 million for its second quarter ended Jun 30, up from S$57.1 million in the year-ago period. Revenue for the quarter rose 12.5 per cent year on year to S$726.2 million from S$645.3 million previously, the mainboard-listed group said…
Read MoreHonda outsources new vehicle programme to India’s Tata Technologies to cut costs
Published Thu, Aug 6, 2026 · 05:47 PM HONDA Motor has outsourced development of a new vehicle programme to Tata Technologies, people familiar with the matter said. This is the first time the carmaker is entrusting an Indian engineering services firm with building an end-to-end platform to help cut costs. The platform is expected to…
Read MoreNintendo tops estimates with US tariff refunds and Switch 2 games
Sales of Switch 2 software over the period were led by Tomodachi Life: Living the Dream and Pokemon Pokopia Published Thu, Aug 6, 2026 · 03:22 PM — Updated Thu, Aug 6, 2026 · 04:02 PM NINTENDO reported stronger-than-expected earnings buoyed by tariff refunds from the US and strong sales of a pair of in-house…
Read MoreSoftBank’s Q1 profit falls 18%, beats expectations with chip boost
The tech investor has booked gains from its bets on Intel, whose shares more than tripled during the quarter Published Thu, Aug 6, 2026 · 03:20 PM [TOKYO] SoftBank Group on Thursday (Aug 6) reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip stock holdings while it awaits further…
Read MoreOpenAI asks judge to toss Apple suit alleging trade secret theft
Lawyers for the ChatGPT maker say the suit falsely portrays the actions of its employees Published Thu, Aug 6, 2026 · 02:56 PM [SAN FRANCISCO] OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless.…
Read MorePSA’s automated Tuas Port hits 25 million TEUs amid US$90 billion capacity race
The facility currently operates 14 berths and remains on schedule to expand to 18 by 2027 [SINGAPORE] PSA Singapore’s Tuas Port has handled 25 million twenty-foot equivalent units (TEUs) since operations commenced in September 2022, highlighting the continued ramp-up of the world’s largest fully automated container terminal. A TEU is a standard unit of measurement…
Read MoreIndonesia government to take over state firm’s stake in US$7.3 billion China-funded high-speed railway
The authority will buy a 60% stake in the project while Chinese state firms continue to hold 40% interest Published Thu, Aug 6, 2026 · 01:10 PM [JAKARTA] Indonesia’s government will take over a controlling stake in the company operating a US$7.3 billion China-funded high-speed railway, its finance minister and a senior official with sovereign…
Read MoreUS Fed’s Daly says central bank was right to hold rates steady at July policy meeting
She said there are “good reasons” to believe that supply-driven shocks that have hit the US economy will not have a lasting impact on inflation Published Thu, Aug 6, 2026 · 11:59 AM FEDERAL Reserve Bank of San Francisco President Mary Daly said on Wednesday (Aug 5) she was “completely supportive” of the decision last…
Read MoreBain Capital to buy bubble tea chain Gong Cha amid F&B investment push
The sale may fetch up to US$2 billion, a May report indicates, though the US private equity firm did not disclose values Published Thu, Aug 6, 2026 · 10:52 AM [BENGALURU] Bain Capital said on Thursday (Aug 6) it will acquire bubble tea chain Gong Cha from TA Associates and other shareholders, extending the US…
Read MoreAsian stocks drop amid AI rally pause with Hormuz deal reached
The S&P 500 Index retreats from a record while a semiconductor stocks index sheds over 1% Published Thu, Aug 6, 2026 · 10:08 AM ASIAN stocks slipped on Thursday (Aug 6) after a recent tech-led rally on Wall Street paused. Crude oil edged lower as Iran reached an agreement with Oman on the Strait of…
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