ISHRS MSCI Sg Capped

DBS Analyst Maintains Buy Rating on Singapore Telecom With a Target Price of SGD 5.71

SingTel 10 released FY2026 Q3 earnings on February 11, 2026 (SGT), with actual revenue of SGD 0 (forecast SGD 3.647 B) and actual EPS of SGD 0

SingTel 10 released FY2026 9 Months Earnings on February 11, 2026 SGT, with actual revenue of SGD 10.57 B and EPS of SGD 0.0304

DBS CEO Tan Suee Ann Warns Clients to Brace for Turbulent 2026

Keppel Private Credit Fund III Secures $75 Million Investment from AIIB

Singapore Exchange January Derivatives Trading Volume Reached 32.1 Million

Singapore Exchange January Stock Market Trading Volume Increased by 66% to 34.6 Billion Singapore Dollars

Morgan Stanley Maintains Buy Rating and Price Target for ST Engineering

DBS Group Holdings Increased Its Stake in Shenzhen Rural Commercial Bank

DBS Group Increases Stake in Shenzhen Rural Commercial Bank to 19.90%

DBS Hong Kong Reports 3% Year-on-Year Profit Growth with Rising Non-Performing Loan Ratio

DBS Predicts Two Rate Cuts in 2026 and Analyzes Hong Kong's Real Estate Market Outlook

DBS Hong Kong Reports Loan and Deposit Data for Last Year and NPL Ratio

DBS Bank's AI Investment Leads to Record Deposit Inflows and Wealth Growth

DBS Hong Kong Reports 3% Rise in 2025 Profit to 9.6 Billion

DBS Group Reports FY25 Earnings, Declares 81 Cents Final Dividend

DBS released FY2025 Annual Earnings on February 8, 2026 (SGT), actual revenue SGD 22.11 B (forecast SGD 23.26 B), actual EPS SGD 3.82 (forecast SGD 3.9585)

DBS released FY2025 Q4 earnings on February 8, 2026 (SGT), actual revenue SGD 5.122 B (forecast SGD 5.662 B), actual EPS SGD 0.8273 (forecast SGD 0.8774)

UOB Kay Hian Analyst Adrian Loh Maintains Buy Rating on Keppel Corporation

DBS aims for SGD 100 billion in consumer cross-border flows by 2030

Mega Fortune

ARROWMARK FINANCIAL CORP COM USD0.001 (S/R 18/02/2026)

ChowChow Cloud

BAYVIEW ACQUISITION CORPORATION COM USD0.0001 (S/R)

Fastly

Galecto

Cognex

Haoxin

SCWorx

IPG Photonics

EZBC

BITO

GBTC

Thailand's government has officially included digital assets and carbon credits in its regulated derivatives market, allowing them to be used for futures and options trading. This shift marks a significant move away from treating crypto as merely speculative investments. The Thailand Futures Exchange can now offer products like Bitcoin futures, providing investors with better risk management tools. The government is also introducing strict regulations for crypto firms, aiming to position Thailand as a leader in Southeast Asia's digital economy. This policy change reflects years of evolving views on digital assets and aims to strengthen Thailand's role in the global digital economy.

- In a surprising turn, the Thai government has officially included digital assets and carbon credits in its regulated derivatives market, allowing these assets to be traded as reference products.  
- This decision enables institutional investors to trade in a more structured manner, similar to commodities like gold or oil, while giving the Securities and Exchange Commission more power to connect traditional finance with the digital economy.  
- By enhancing regulations around cryptocurrencies, the government signals a long-term commitment to digital finance, aiming to establish Thailand as a competitive player in the global digital economy by potentially launching a Bitcoin ETF by 2026.

Amb Crypto

Franklin Bitcoin ETF

ProShares Bitcoin Strategy ETF

Grayscale Bitcoin Trust BTC - ETF

WisdomTree Bitcoin Fund

Grayscale Bitcoin Mini Trust ETF

Grayscale Bitcoin Adopters ETF

iShares Bitcoin Trust ETF

ISHRS MSCI Thailand Capped

Invesco Galaxy Bitcoin ETF

ARK 21Shares Bitcoin ETF

CoinShares Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund - ETF

VanEck Bitcoin ETF

KraneShares Global Carbon Strategy ETF

Bitwise Bitcoin ETF

Thailand links crypto & carbon credits to derivatives market: Details

On February 12, 2026, Egan-Jones published a report analyzing the impact of varying national strategies on business location decisions in cities like Singapore, New York, Switzerland, and Monaco. This study delves into how these strategies contribute to the attraction of talent, capital, and legal establishments in a rapidly digitizing global landscape.

Unusual Whales

Egan-Jones study looks at sovereign strategies in global business centers such as Singapore, New York, Switzerland, and Monaco.

Singapore introduced a series of artificial intelligence support measures in this year's budget, including tax reductions for businesses and AI skills training for employees. Prime Minister Jensen Huang announced the establishment of the "National Artificial Intelligence Council" and launched the "AI Pioneer" program to support business transformation. The Business Innovation Program will be expanded, allowing eligible expenditures to enjoy a 400% tax deduction, including AI expenditures, limited to SGD 50,000 per year in 2027 and 2028

AASTOCKS

FTSE Straits Times Index

Singapore introduced artificial intelligence support measures and tax reductions in this year's budget proposal

The latest update on quantum computing highlights significant developments: NIST awarded $3.19 million to eight firms for quantum tech advancements; Infleqtion collaborates with NASA on a $20 million space-based quantum sensor project; Singapore commits $37 billion to quantum research, emphasizing its importance in various sectors; and QuantaMap introduces a new imaging tool to enhance quantum chip testing. These initiatives reflect a shift towards practical applications and public investment in quantum technologies.

Tip Ranks

Quantum Computing News: NIST Funding, Infleqtion's Space Sensor, and Singapore's $37 Billion Bet on the Sector

Budget 2026 emphasizes steady, practical steps rather than grand announcements, focusing on enhancements to existing programs like Startup SG Equity and the Anchor Fund. It marks the beginning of a new government term and aligns with the Forward Singapore agenda, implementing early recommendations from the Economic Strategy Review. Finance Minister Lawrence Wong highlighted the importance of targeted AI missions and disciplined investments in research and development. The budget also includes a cost-of-living payment for eligible Singaporeans, reflecting a pragmatic approach to navigating future challenges.

- The 2026 Singapore budget emphasizes enhancements to existing programs rather than introducing dramatic changes, reflecting a long-term planning approach.  
- Major allocations include increases to initiatives like Startup SG Equity and Anchor Fund, indicating a focus on pragmatic, targeted strategies in a changing world.  
- Finance Minister Lawrence Wong asserts the need for disciplined investments in areas where Singapore has clear advantages, showcasing a commitment to steady progress amidst uncertainty.

Businesstimes News

Budget 2026: Not grand pronouncements, but steady steps in longer-term plans

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- Asian stock markets continued to rise for the fifth consecutive trading day, outpacing the U.S. markets due to valuation advantages and growth prospects.  
- The MSCI Asia Pacific Index reached a record high, up 0.4%, with the South Korean and Nikkei 225 indices also hitting all-time highs.  
- U.S. bond yields increased following stronger-than-expected employment data, causing a reevaluation of the Federal Reserve's interest rate cuts, with predictions now pushed from June to July.

Wallstreetcn

Samsung Electronics 

SPDR S&P Semicon

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

iShares Semiconductor ETF

Both the Japanese and South Korean stock markets hit new highs, with Samsung Electronics rising to a record high

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The pan-European Stoxx 600 index rose 0.5%, reaching a record high, while the UK FTSE 100 and the French CAC index also hit new highs. Siemens AG's stock price increased by 6.4% due to an upward revision of its earnings guidance; meanwhile, Sanofi's stock price fell by 5% following the CEO's dismissal. U.S. stock futures performed well, and some indices in the Asia-Pacific market reached historical highs

Sanofi

Siemens AG

SINOMED

Huaan France CAC40 ETF(QDII)

"European Stocks" The pan-European Stoxx 600 index hits a record high, with French and British stocks both reaching historical highs in early trading. Siemens rises over 6%, while Sanofi's CEO faces a 5% drop

SCHE

DFEV

Emerging-market currencies remained stable as investors analyzed U.S. jobs data and awaited Russia's interest-rate decision. Turkey's lira fluctuated amid a new inflation forecast of 15-21% for 2026, while Hungary's forint fell after inflation eased to 2.1%. The MSCI emerging-market equity index rose 0.5%, indicating a strong week for EM stocks. Singapore's index surpassed 5,000 points, and Poland's GDP grew 4% year-on-year. Overall, markets are adjusting to a firmer U.S. job market, impacting rate-cut expectations.

- Emerging market stocks rose 0.5%, while currencies gained 0.2%, as investors assessed local economic data and awaited Russia's interest rate decision.  
- Turkey's inflation forecast for the end of 2026 was increased to a range of 15-21%, and Hungary's January inflation rate dropped to 2.1%, potentially paving the way for rate cuts.  
- Meanwhile, Singapore's STI index surpassed the 5000 milestone, and the Polish GDP grew 4% year-on-year in the fourth quarter, amid strong U.S. job reports affecting global market dynamics.

Reuters

Schw Em Mkt

iShares MSCI Turkey

Dimensional Emerging Markets Value ETF

SPDR S&P Em Mkt Dvd

iShares Emerging Markets Equity Factor ETF

iShares Core MSCI EM

Avantis Emerging Markets Equity ETF

Wisdomtree EM High Dividend Fund

iShares MSCI EM Ex-China

ISHRS MSCI Em S-Cap

iShares MSCI Em

VG Em Mkts

iShares MSCI Emerging Mkts Val Fac ETF

Avantis Emerging Markets Value ETF

SPDR Em Mkt

EMERGING MARKETS-EM currencies rangebound after hot US jobs data; Turkey's inflation report in focus

Singapore is set to raise the effective tax rate for large multinational corporations to 15% as part of the BEPS Pillar Two implementation. Prime Minister Lawrence Wong announced this on February 12, expecting increased corporate tax collections from FY2027. The government plans to enhance spending on healthcare, infrastructure, and external relations, with a focus on investment promotion. Wong noted that the GST rate increase will help fund higher healthcare expenditures, alongside investments in Changi Airport and other economic strategies.

- Singapore anticipates an increase in spending on healthcare and infrastructure.  
- Effective from FY 2027, the corporate tax rate for large multinational companies operating in Singapore will rise to 15% as part of the OECD's BEPS initiative.  
- The Prime Minister emphasized the need for significant investments and highlighted plans to enhance Singapore's investment promotion, as well as ongoing support for major projects like Changi Airport's development.

Singapore Business Review

STI ETF

Nikko AM STI ETF

Budget 2026: MNC tax rates to be raised to 15%

The Singapore government, led by Prime Minister Lawrence Wong, announced a $400 million boost for long-term care in the 2026 budget. This funding will enhance support for persons with disabilities, seniors, and retirement adequacy. A task force will review disability support, focusing on community facilities and employment integration. CareShield Life payouts and premium subsidies will increase, while seniors with low CPF balances will receive top-ups. A new Lifetime Retirement Investment Scheme will be introduced for CPF members, shifting investments from high-risk to safer assets as they age. Further details will be provided by the Minister for Social and Family Development.

- A working group led by Minister Wu Peiming will review support policies for individuals with disabilities in Singapore.  
- The government plans to enhance support for the elderly and retirement security, including increased subsidies and adjustments to the Central Provident Fund for those aged 50 and above.  
- Additional resources will be allocated to implement the working group's suggestions and improve community facilities, employment opportunities for special education graduates, and investment options for fund members.

BUDGET 2026: Wong says $400m boost will fund longer-term care

The Budget 2026 highlights include a focus on AI adoption, with new programs and a National AI Council to drive initiatives in key sectors. Support for SMEs to expand globally will be enhanced, and the Startup SG Equity scheme will receive a S$1 billion boost for growth-stage funding. Foreign worker policies will see salary increases for Employment Pass and S Pass holders, while CPF members will gain new investment options. Vehicle taxes will rise to promote electric vehicle adoption, and more vouchers will be provided for lower-income households.

Budget 2026 highlights: AI ‘champions’, foreign worker policy tweaks, more CDC vouchers

Singapore's fiscal surplus for FY2025 has been revised up to a record S$15.1 billion, driven by higher-than-expected tax revenue, particularly from corporate income tax and asset-related collections. This is more than double the previous estimate of S$6.8 billion. Operating revenue is now projected at S$130.9 billion, a 6.6% increase from earlier estimates. Total expenditure is revised to S$124.5 billion, reflecting increased spending in transport and home affairs. The surplus is smaller as a percentage of GDP at 1.9% compared to 2.1% in 2017.

FY2025 surplus revised up to record S$15.1 billion on higher tax revenue

The Singapore government is expanding training support under the Progressive Wage Model (PWM) as part of the Budget 2026. Prime Minister Lawrence Wong announced an increase in hourly allowances for long-form courses and enhanced support for lifelong learning through SkillsFuture. The government will merge SkillsFuture Singapore and Workforce Singapore into a new agency for better coordination in skills training and job matching. Additionally, support for mid-career workers will be strengthened, with the mid-career training allowance extended to part-time courses.

BUDGET 2026: Singapore expands progressive wage training as job shifts intensify

The Singapore dollar strengthened slightly against its U.S. counterpart in the Asian session amid prospects of Fed rate cuts

Singapore dollar strengthens slightly amid Fed rate-cut prospects

EPHE

Asia-Pacific is becoming a key focus for global limited partners (LPs), according to Coller Capital's latest report. The study reveals that 71% of LPs prefer Asia-focused funds for South East Asia, with India showing the strongest growth potential. Over the next three years, 44% of LPs plan to increase their exposure to India. The report also highlights a significant shift towards IPO preparations among LPs, with 87% of Asia-Pacific LPs expecting their GPs to gear up for 2026 IPOs. Additionally, private credit is attracting the most allocation growth, with 42% of LPs planning to increase their investments in this area.

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ISHRS MSCI Phillpines

SPDR S&P Em Asia

BetaShares Holdings Pty Ltd.

The Vanguard Group, Inc.

iShares MSCI EM Market Asia

ISHRS MSCI Indonesia

ISHRS MSCI India

Nippon Life Insurance Co.

Wtree India Earnings

ISHRS MSCI My

First Trust India Nifty 50 Equal Weight

Asia-Pacific is re-emerging as a priority region for global limited partners – Coller Capital

ISHRS MSCI Sg Capped(EWS.US)

Thailand links crypto & carbon credits to derivatives market: Details

Egan-Jones study looks at sovereign strategies in global business centers such as Singapore, New York, Switzerland, and Monaco.

Singapore introduced artificial intelligence support measures and tax reductions in this year's budget proposal

Quantum Computing News: NIST Funding, Infleqtion's Space Sensor, and Singapore's $37 Billion Bet on the Sector

Budget 2026: Not grand pronouncements, but steady steps in longer-term plans