Posts by Nathan Pine
ThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
[SINGAPORE] Mainboard-listed Thai Beverage (ThaiBev) on Friday (Feb 13) said its sales revenue for the first quarter ended Dec 31, 2025 fell by 6 per cent to 86.7 billion baht (S$3.5 billion) from 92.3 billion baht in the year-ago period. However, its earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 1.8 per cent to…
Read MoreGDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
Published Fri, Feb 13, 2026 · 06:52 PM [SINGAPORE] DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said. The Singapore-based data centre operator has chosen JPMorgan Chase and Morgan Stanley to work on the share sale, they mentioned, asking not to…
Read MoreOng Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high
[SINGAPORE] Hotel Properties Ltd (HPL), owned by real estate magnate Ong Beng Seng, is expected to post a net loss for the financial year ended Dec 31, 2025. Despite higher revenue, finance costs remained elevated, largely due to increased borrowing and the delayed impact of interest rates easing, the group said in a bourse filing…
Read MoreiFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global
The group is repositioning itself to view its customers as international – not just from the markets in which it operates [SINGAPORE] Digital bank and wealth management platform iFast has unveiled its “Truly Global Business Model”, which realises its vision of serving customers across the globe from Singapore and Hong Kong to London. In a…
Read MoreNew MAS-MTI Growth Capital Workgroup aims to close gap between private capital and public listings
Led by Chee Hong Tat, the group includes top executives from GIC, Temasek and DBS, along with public and private sector representatives [SINGAPORE] A newly formed workgroup aimed at enhancing Singapore’s growth capital ecosystem will seek to bridge the gap between private funding and public listings, creating a smoother pipeline from venture capital stage to…
Read MoreDeutsche Bank’s private bank eyes hiring push in emerging markets
Published Fri, Feb 13, 2026 · 01:34 PM [SINGAPORE] Deutsche Bank plans to add up to 50 relationship managers in its emerging markets private banking unit this year, said a senior executive, as the European lender seeks to bolster its wealth footprint in the Gulf region and North Asia. Marco Pagliara, head of emerging markets…
Read MoreChinese automakers’ need for speed comes with a price
IN RECENT years, Chinese carmakers, particularly those focused on electric vehicles (EVs), have hit the accelerator on new model launches with an eye on grabbing a larger share of China’s ferociously competitive market. In 2025, the number of new vehicle models released in the Chinese market hit a record of 167, up from 157 in…
Read MoreSingaporeans flock to gold despite record-high prices ahead of Chinese New Year
Analysts attribute recent spikes in retail demand to wealth-preservation seeking rather than festive buying [SINGAPORE] Festive demand for gold ahead of Chinese New Year has taken a backseat, with wealth preservation – rather than gifting – becoming the primary driver for bullion buyers this year. The yellow metal has climbed around 70 per cent year…
Read MoreUS details new China limits for clean energy tax credits
The restrictions follow an executive order in July signalling stricter limits for the tax credits Published Fri, Feb 13, 2026 · 11:30 AM THE Trump administration issued new guidance on the use of foreign materials and components in US clean energy projects, in a move that would further limit access to lucrative tax credits. Guidelines…
Read MoreCBS News considering new round of layoffs, could cut at least 15% of staff, Variety says
Published Fri, Feb 13, 2026 · 09:44 AM [WASHINGTON] CBS News is considering a new round of layoffs that could see cuts totaling at least 15 per cent of the current staff, Variety reported on Thursday (Feb 12), citing three people familiar with the matter. Variety added that discussions around layoffs and staff reductions remain…
Read MoreBanks drag STI below 5,000 post-Budget, but analysts see ample ‘fiscal dry powder’
The scaled-back handouts leave room for future support; the new measures could enable the continued recovery of the capital market [SINGAPORE] The Singapore market pulled back on Friday (Feb 13) following Budget 2026 announcements, even as the government unveiled measures to boost existing equities, startups and new listings. On Thursday, the Straits Times Index (STI)…
Read MoreAlpha Integrated Reit H2 DPU rises 20.4% to S$0.0183 on higher rent, occupancy
The Reit’s growth in net property income is mainly from positive rental reversions and an overall increase in occupancy rate [SINGAPORE] Alpha Integrated Reit (AI-Reit), formerly known as Sabana Reit, posted a distribution per unit (DPU) of S$0.0183 for the half-year ended Dec 31, 2025, up 20.4 per cent from S$0.0152 in the year-ago period.…
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