Posts by Liam Redmond
Samudera Shipping’s H2 2025 profit down 30.2% at US$34.9 million; special dividend proposed
The decline in profit in the second half is attributed to the cost of services outpacing revenue growth [SINGAPORE] Samudera Shipping posted a 30.2 per cent drop in net profit to US$34.9 million for H2 FY2025, from US$50 million in the year before. This came despite its revenue rising 3.6 per cent to US$320.2 million,…
Read MoreS&P 500 opens subdued as Nvidia’s strong results draw muted reaction
Published Thu, Feb 26, 2026 · 10:42 PM [NEW YORK] The S&P 500 and the Nasdaq were muted at the open on Thursday (Feb 26), as Nvidia’s stellar earnings garnered a tepid reception, while broader technology stocks lost ground as investors assessed risks to the AI trade. The Dow Jones Industrial Average rose 62.4 points,…
Read MoreCenturion Corporation H2 profit drops 82% to S$40.9 million on lower fair-value gains
[SINGAPORE] Centurion Corporation on Thursday (Feb 26) posted a 82 per cent drop in net profit to S$40.9 million for its second half ended Dec 31, 2025, from S$226.6 million in the previous corresponding period. For the full year ended Dec 31, 2025, net profit was down 67 per cent to S$114.8 million. The decrease…
Read MoreOutside group spends $4.8 million on TV ads backing San Jose Mayor Matt Mahan for governor
An independent expenditure committee backed by Silicon Valley executives spent $4.8 million on television ads supporting San Jose Mayor Matt Mahan’s gubernatorial bid that will begin airing Thursday. The two 30-second ads highlight the Democrat’s life story — being raised in a working-class family and working on a grounds crew and as a middle school…
Read MoreTencent said to be in talks for stake in ‘Block Blast!’ gaming studio
Published Thu, Feb 26, 2026 · 09:43 PM [SHENZHEN] Tencent Holdings is in talks to acquire a small stake in Hungry Studio, a gaming developer behind popular title Block Blast!, according to people familiar with the situation. An investment could materialise soon following months of discussions, the people said, asking not to be identified because…
Read MoreUltraGreen.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…
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