Posts by Liam Redmond
ASML unveils EUV light source advance that could yield 50% more chips by 2030
Published Mon, Feb 23, 2026 · 10:20 PM [SAN DIEGO, California] Researchers at ASML Holding say they have found a way to boost the power of the light source in a key chip making machine to turn out up to 50 per cent more chips by decade’s end, to help retain the Dutch company’s edge…
Read MoreCarlsberg said to begin US$700 million IPO process for India unit
Details, including the size, structure and timing of the transaction, are still being finalised Published Mon, Feb 23, 2026 · 10:11 PM [NEW DELHI] Carlsberg has appointed three banks and begun preparations for a potential listing of its India unit that could raise as much as US$700 million, according to people familiar with the matter.…
Read MoreCenturion Accommodation Reit posts DPU of S$0.01739 in first results since IPO
This is 6.7% higher than its forecast of S$0.0163; its revenue is also higher than forecast [SINGAPORE] (CAReit) reported distribution per unit of S$0.01739 for the financial period ended Dec 31, 2025, 6.7 per cent higher than its forecast of S$0.0163. Revenue was at S$50.7 million for the period from Sep 24 to Dec 31,…
Read MoreGilead to buy US biotech Arcellx for up to US$7.8 billion
Published Mon, Feb 23, 2026 · 08:59 PM [WASHINGTON] Gilead Sciences agreed to buy biotech Arcellx in a deal with an equity value of up to US$7.8 billion as the US drugmaker seeks to boost its cancer drug pipeline. Gilead, which owns 11.5 per cent of Arcellx’s outstanding stock, will pay US$115 per share in…
Read MoreValueMax H2 profit rises 14% to S$54.1 million on higher revenue
[SINGAPORE] ValueMax on Monday (Feb 23) posted a 14 per cent increase in net profit to S$54.1 million for the six months ended Dec 31, 2025, from S$47.4 million in the same period a year ago. This comes on the back of higher revenue for the period, which was up 25.8 per cent at S$284.8…
Read MoreSoftware companies face higher borrowing costs, tougher scrutiny as AI threatens businesses
Published Mon, Feb 23, 2026 · 08:07 PM [NEW YORK] Software companies are delaying debt deals as higher borrowing costs and tougher scrutiny from lenders weigh on the sector, at a time when mounting pressure from artificial intelligence threatens their business models, industry sources said. Software firms both in the US and elsewhere have already…
Read MoreMoneyMax, with H2 2025 profit nearly double at S$42m, declares special dividend
Its board declares a final dividend of S$0.015 a share and a special dividend of S$0.005 a share for the financial year [SINGAPORE] MoneyMax Financial Services reported that its profit for the second half of 2025 nearly doubled to S$42 million, from S$21.6 million the year before, on the back of strong growth in its…
Read MoreiFast appoints Tan Tia Hong as new group COO
[SINGAPORE] Digital wealth platform iFast announced that it has appointed Tan Tia Hong as the new group chief operating officer with effect from Feb 28 in a bourse filing on Monday (Feb 23) This comes after a bourse filing in which iFast announced that current group COO Wong Soon Shyan, 60, would be stepping down…
Read MoreAIA, EPF among potential cornerstone investors for Sunway Healthcare’s RM3 billion IPO: sources
Published Mon, Feb 23, 2026 · 06:55 PM [SINGAPORE] AIA and Malaysia’s Employees Provident Fund (EPF) are among over 20 institutions being sounded out as cornerstone investors for Sunway Healthcare Holdings’ initial public offering (IPO), which could raise more than RM3 billion (S$868 million) in Malaysia’s largest offering in almost 10 years, said two people…
Read MoreDBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia
Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS [SINGAPORE] DBS has initiated coverage on Jardine Cycle & Carriage (C&C) with a “buy” call, on the basis of its “strategic exposure” to Indonesia and Vietnam, the “dual Asean growth engines”. The bank on Monday (Feb…
Read MoreAsia sees ‘temporary’ tariff relief, trade-hub Singapore to benefit despite direct hike: analysts
[SINGAPORE] Analysts expect US President Donald Trump’s new global tariffs to offer Asia some near-term relief, even as he raised them to 15 per cent on Sunday (Feb 22), just a day after setting their rate at 10 per cent. Trump’s actions followed a US Supreme Court’s decision to strike down his sweeping reciprocal tariffs…
Read MoreAsia sees ‘temporary’ tariff relief, Singapore to benefit despite direct hike: analysts
[SINGAPORE] Analysts expect US President Donald Trump’s new global tariffs to offer Asia some near-term relief, even as he raised them to 15 per cent on Sunday (Feb 22), just a day after setting their rate at 10 per cent. Trump’s actions followed a US Supreme Court’s decision to strike down his sweeping reciprocal tariffs…
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