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Shares of  Singapore Airlines (SIA)  plunged more than  8%  after the carrier reported a  59% decline in net profit  for the first quarter of its 2025/2026 financial year, marking its steepest intra-day fall since August 2024. Key Financials Net Profit:  S$186 million (US$144 million), down from last year. Operating Profit:  S$405 million, a  13.8% drop YoY . Stock Performance:  Currently trading  7.11% lower , after falling over 8% earlier in the day. What Caused the Drop? Lower interest income  due to reduced cash balances and interest rate cuts. Losses from associates , including a negative contribution from Air India. In December 2024, SIA began equity accounting for Air India following the full merger of Vistara, taking a 25.1% stake. Bright Spot Despite the earnings hit, SIA noted that  demand for air travel and cargo remains strong  even amid geopolitical uncertainties. Bottom Line The steep profit decline high...

  Market Snapshot Singapore Shares: Opened higher on Monday, with the Straits Times Index (STI) up 0.01% to 3,745.24 as of 9:11 a.m. Market Activity: 98 gainers, 66 decliners, with 68.25M securities worth S$96.23M changing hands. Takeaways: SIA  and  ST Engineering  show strong growth, reflecting recovery in travel and robust business performance. Property developers  are set for a standout November, with key launches driving sales. Singapore’s  tech advancements  come with heightened cybersecurity risks, necessitating proactive measures to safeguard critical systems. Investors should watch for continued updates on major project launches and cybersecurity strategies shaping Singapore's economic and technological landscape. Breaking News Developer Sales Surge Predicted for November 2024 Major Launches Driving Sales: November sales expected to reach up to 2,100 units , the highest since March 2013. Total 2024 sales projected at 5,500-6,000 units , ...

According to the Semiconductor Industry Association (SIA) blog post,  U.S. semiconductor companies, including several SIA members, were among the top corporate recipients of U.S. patents in 2015 based on an analysis of new data from the  U.S. Patent and Trademark Office. SIA industry  statistics and economic policy director Falan Yinug said five of the top 15 US corporate patent recipients are major semiconductor producers. The top five names on the list were iBM Corporation, Qualcomm Inc., Google,Inc., Intel Corporation and Microsoft Technology Licencing LLC. He said that this is  partly because U.S. semiconductor companies invest a higher share of sales into research and development than any other U.S. industry. On average, the U.S. semiconductor industry invests about one-fifth of total sales into R&D.  “While this is a huge amount, it does not guarantee company success in the industry. Rather, it is simply the business model that ...

Semiconductor Industry Association (SIA) is showing data that is pointing towards a declining attraction in the semiconductor industry, with a worldwide sales of semiconductors that fell by 5.8% year-on-year to US$26.9 billion in January this year compared to the US$28.5 billion a year ago. In a statement on its website March 3, SIA said that the figure was 2.7% lower month-on-month and 16.9% year-to-year. SIA president and CEO John Neuffer said global semiconductor sales decreased in January across most regional markets and product categories, largely due to softening demand and lingering macroeconomic headwinds. Regionally, sales decreased in most regions: China (-0.4% m-o-m/+4.3% y-o-y), Europe (-1.7%/-7.7%), Japan (-3.3%/-5.1%), Asia Pacific/All Other (-2.8%/-6.5%), and the Americas (-5.9%/-16.9%).  “Despite these challenges, modest market growth is projected for 2016, following essentially flat sales last year,” he said. It said sales also decreased acro...