Posts by Liam Redmond
UltraGreen.ai earnings rise 35% to US$75.6 million for FY2025
[SINGAPORE] UltraGreen.ai on Thursday (Feb 26) posted a 36 per cent increase in net profit to US$75.6 million for the 2025 financial year, from US$56 million the year before. Its revenue was up 24 per cent on the year at US$142.4 million, from US$114.7 million. The fluorescence-guided surgery and digital health platform said the growth…
Read MoreMicrosoft’s Japan chief stresses compliance with antitrust probe
Japan is looking at possible anti-competitive practices involving the Azure cloud services Published Thu, Feb 26, 2026 · 09:23 PM [TOKYO] Microsoft Corp is compliant with Japan’s antitrust watchdog and its inquiry, the chief of its local unit said, as the company fields an investigation over possible anti-competitive practices involving the Azure cloud services. The…
Read MoreSinglife offers new indexed universal life plan amid growing HNW demand
The launch comes amid growing appetite for UL plans, fuelled by rising wealth creation across Asia-Pacific [SINGAPORE] Customers of financial services company Singlife can now gain exposure to global market performance through indices such as the S&P 500 Index without directly investing in equities – all within the structure of an insurance policy. The group…
Read MoreBattle of the AI brands: What’s behind the bad blood between OpenAI and Anthropic
As more than 100 million people watched the Super Bowl, the battle for the future of artificial intelligence spilled out into a massive public arena. In a series of viral commercials, AI upstart Anthropic broadcast to football fans that they should avoid AI with ads. The commercial was obviously targeting OpenAI, which plans to add…
Read MoreWilmar posts 38.3% H2 earnings surge, trims dividend; 2026 to ‘remain challenging’
[SINGAPORE] Agribusiness Wilmar International on Thursday (Feb 26) posted a 38.3 per cent rise in net profit to US$815.9 million for its second half ended Dec 31, 2025, up from US$590.2 million for the same period a year prior. The group attributed the gains mainly to strong performance in its feed and industrial products segment.…
Read MoreRenminbi extends advance to mark longest winning streak since 2010
Exporters are seen stepping up foreign-currency settlements, helping the currency’s strength Published Thu, Feb 26, 2026 · 05:37 PM [BEIJING] The renminbi extended gains on Thursday (Feb 26), marking its longest winning streak against the greenback since 2010, after China’s daily fixing signalled tolerance for a managed appreciation. The onshore renminbi advanced for a 10th…
Read MoreThai Airways eyes 5% revenue growth as it adds jets, expands in Asia
The state-controlled carrier posts a full-year net income of 30.9 billion baht in 2025 Published Thu, Feb 26, 2026 · 04:34 PM [BANGKOK] Thai Airways International expects revenue to grow 5 per cent this year as it adds new aircraft and expands in key Asian markets, including India and China. The state-controlled carrier targets 200…
Read MoreRare earth shortages worsen in US aerospace, chips despite trade truce: sources
Engine makers are already struggling to meet demand for spare parts from airlines and higher production by planemakers Published Thu, Feb 26, 2026 · 02:22 PM [MONTREAL/BEIJING/WASHINGTON] Suppliers to US aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before US President Donald Trump is…
Read MoreSociete Generale expands Japan credit business with Santander, UBS hires
Banks in countries from Canada to Spain have been competing for talent in the Asia’s third-largest economy Published Thu, Feb 26, 2026 · 01:47 PM [TOKYO] Societe Generale has hired two senior people for its business selling credit products in Japan, as opportunities in the country spur global banks to expand their local presence. Mihiro…
Read MoreChina Aviation Oil H2 net profit up 68.3% at US$60.5 million
It recommends a final dividend per share of S$0.0496 for the financial year ended Dec 31 [SINGAPORE] China Aviation Oil posted a net profit of US$60.5 million for its second half of 2025, up 68.3 per cent from US$36 million in the year-ago period. This translated to an earnings per share of US$0.0703, 68.2 per…
Read MoreAsia’s biggest banks line up bids for HSBC assets in Indonesia
Published Thu, Feb 26, 2026 · 12:27 PM [HONG KONG] Some of Asia’s biggest banks are working on bids for HSBC Holdings’ retail assets in Indonesia, according to sources familiar with the matter, helping them to forge ahead in South-east Asia’s largest economy. The banks include Singapore-based DBS, OCBC and UOB, as well as Malaysia’s…
Read MoreMarks & Spencer to exit the Philippines’ shifting retail market
The country has drawn global retailers seeking to tap into its young, consumption-driven population Published Thu, Feb 26, 2026 · 11:03 AM [MANILA] Iconic British retailer Marks & Spencer will leave the Philippines after four decades as changing consumer preferences reshape the retail landscape, its local franchise holder said. The move ends a partnership of…
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