Posts by Liam Redmond
Analysts raise target prices for Food Empire with strong growth expected across key markets
This also comes after core net profit for 2025 rose 38% year on year, beating expectations [SINGAPORE] Various analysts have raised their target prices on Food Empire , after the group released its “stronger-than-expected” results for FY2025. UOB Kay Hian (UOBKH) analysts John Cheong, Heidi Mo and Tang Kai Jie noted that its total revenue…
Read MoreHyundai Motor to invest 9 trillion won in AI, robotics centre
The facilities will be built in the Saemangeum area, which is about 270 kilometres southwest of Seoul Published Fri, Feb 27, 2026 · 12:27 PM [SEOUL] Hyundai Motor will invest nine trillion won (S$8 billion) to build an artificial intelligence (AI) data centre, robot factory and hydrogen plant in South Korea, as the automaker accelerates…
Read MoreSunway Healthcare seeks RM2.9 billion from Malaysia IPO
The company is looking to add as many as five more hospitals in the coming years, with three under construction Published Fri, Feb 27, 2026 · 12:05 PM [KUALA LUMPUR] Malaysia’s Sunway Healthcare Holdings has started taking investor orders for an initial public offering (IPO) that seeks to raise RM2.9 billion (S$942 million), in what…
Read MorePanama officials search CK Hutchison’s subsidiary office: source
Published Fri, Feb 27, 2026 · 11:45 AM [PANAMA CITY] Panamanian authorities conducted a search of an office unit of Hong Kong conglomerate CK Hutchison in Panama on Thursday (Feb 26), according to a source familiar with the operation. The raid on CK Hutchison’s Panama Ports Company (PPC) did not relate to a government decision…
Read MoreIndonesia court jails ex-CEOs of Pertamina units in major graft case
The case is one of the biggest launched under the administration of President Prabowo Subianto Published Fri, Feb 27, 2026 · 11:31 AM [JAKARTA] An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units, which prosecutors say caused…
Read MoreGold steady as investors weigh progress in US-Iran talks
Markets currently expect three 25-basis-point rate cuts from the Federal Reserve this year, according to CME’s FedWatch Tool Published Fri, Feb 27, 2026 · 11:07 AM [BENGALURU] Gold prices held broadly steady on Friday (Feb 27), with investors digesting the previous day’s US-Iran nuclear talks, while the US dollar, hovering near three-week highs, pressured the…
Read MoreMeta signs multi-billion-dollar deal to rent Google AI chips: report
The Facebook owner has also signed a deal with Nvidia to buy its current and future AI chips Published Fri, Feb 27, 2026 · 10:20 AM [MEXICO CITY] Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence (AI) chips from Google to develop new AI models, The Information reported on Thursday (Feb…
Read MoreYangzijiang Shipbuilding rises nearly 10% on higher H2 profit
[SINGAPORE] Shares of Yangzijiang Shipbuilding rallied on Friday (Feb 27) morning after the Chinese vesselmaker posted higher earnings for its second half. The counter climbed as much as S$4.31 in early trade, 9.9 per cent or S$0.39 higher than Thursday’s closing price of S$3.92. As at 9.17 am it had eased to S$4.26, up 8.7…
Read MoreCommentary: The Pentagon is demanding to use Claude AI as it pleases. Claude told me that’s ‘dangerous’
Recently, I asked Claude, an artificial-intelligence thingy at the center of a standoff with the Pentagon, if it could be dangerous in the wrong hands. Say, for example, hands that wanted to put a tight net of surveillance around every American citizen, monitoring our lives in real time to ensure our compliance with government. “Yes.…
Read MoreBlock to cut more than 4,000 jobs amid AI disruption of the workplace
Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of payment services Square and Cash App saw its stock surge by more than 23% in after-hours trading after making the layoff announcement. Jack Dorsey,…
Read MoreSmartphone market set for biggest-ever decline in 2026 on memory price surge: IDC
Published Fri, Feb 27, 2026 · 06:29 AM [BENGALURU] The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation (IDC) said on Thursday (Feb 26) Smartphone shipments are expected…
Read MoreEuropean shares retreat from record high, upbeat corporate earnings offset tech declines
Published Fri, Feb 27, 2026 · 05:48 AM [BENGALURU] Europe’s benchmark index retreated from a record high on Thursday (Feb 26), as healthcare and technology shares weighed, while upbeat corporate earnings from the likes of Schneider and Indra limited the overall declines. The pan-European Stoxx 600 index closed 0.1 per cent lower after hitting an…
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