08 May 2026

Larsen & Toubro expects its revenue growth to moderate to 10–12% in the current fiscal, mainly due to disruptions in the Middle East, a key market contributing around 40% of its order backlog. Ongoing geopolitical tensions have impacted project execution, delayed shipments and payments, and increased logistics and input costs. The company indicated that these pressures may continue in the near term. Despite this, L&T maintains a stable margin outlook and steady order book growth expectations, supported by a diversified portfolio and strong domestic demand pipeline.Read more

08 May 2026

Sam Woo Construction Group Ltd has indicated that it expects to report a profit of at least HKD 50 million for the financial year ended March 2026. The company’s improved performance has been supported by strong contributions from key ongoing projects, particularly work on Lantau Island. This marks a notable improvement compared to previous periods, reflecting better project execution and revenue recognition. The update signals stable business momentum for the Hong Kong-based contractor, supported by infrastructure activity and project completions across its portfolio during the financial year.Read more

08 May 2026

Sentinel Midstream has moved ahead with construction of its Texas GulfLink deepwater oil export project off the Texas coast, marking a rare large-scale development in recent years. The project, backed by funding under the US-Japan trade agreement, is expected to begin operations by late 2028. The development comes as demand for US crude rises in Asia due to supply disruptions in the Middle East. Once operational, the facility will be capable of fully loading supertankers, addressing a key infrastructure gap and supporting the expansion of US oil exports globally.Read more

08 May 2026

EDP Renewables reported a 9% rise in recurring net profit, supported by higher power generation and reduced operating costs. The company outperformed market expectations, even as electricity prices in Europe remained under pressure. Growth was largely driven by North America, which continues to contribute the majority of output. While revenues stayed stable, improved efficiency and controlled expenses helped strengthen earnings. The company also expanded its installed capacity and continues to invest in new renewable projects. However, a rise in net debt reflects ongoing capital deployment for future growth across global markets.Read more

08 May 2026

Thailand’s investment board has approved six major projects with a combined value of USD 29 billion, led by a USD 25 billion data infrastructure investment by TikTok’s local unit. The proposal involves expanding data centres and server capacity across Bangkok, Samut Prakan and Chachoengsao to support rising digital demand. The approvals also include other strategic investments aimed at strengthening the country’s industrial and digital ecosystem. The move reflects Thailand’s push to position itself as a regional hub for data infrastructure and technology services, with large-scale capital deployment expected to influence industrial real estate demand and infrastructure development.Read more

08 May 2026

Bhutan and the World Bank have signed financing agreements worth USD 515 million for the 1,125 MW Dorjilung Hydropower Project, being developed through a public-private partnership between Tata Power and Druk Green Power Corporation. The project, located on the Kurichhu River in eastern Bhutan, is expected to generate over 4,500 GWh annually, with nearly 80% of output supplied to India. The development is aimed at strengthening regional energy security, enabling clean energy exports, and supporting Bhutan’s economic growth through increased power generation capacity.Read more

08 May 2026

Iron Mountain has increased its full-year financial outlook, supported by strong demand for data centres driven by artificial intelligence growth. The company reported better-than-expected first-quarter earnings and revenue, along with higher adjusted funds from operations. Its data centre leasing activity has seen a strong start this year, reflecting growing enterprise reliance on AI infrastructure. Alongside this, its traditional storage and records management business continues to provide steady cash flow from a diversified client base. The company has also announced a quarterly dividend, signalling confidence in its financial position and growth trajectory.Read more

08 May 2026

Federal Realty Investment Trust has revised its annual core funds from operations (FFO) guidance upward, supported by steady leasing demand across its grocery-anchored shopping centres. The company reported better-than-expected quarterly earnings and revenue, reflecting stable tenant demand despite broader economic uncertainty. Rental income saw a notable increase, contributing to overall growth. The revised outlook signals continued confidence in the retail REIT’s portfolio performance. A similar trend was seen in the sector, with peers also reporting stronger-than-expected results, indicating resilience in retail-focused real estate assets.Read more

08 May 2026

Oversea-Chinese Banking Corporation (OCBC) has agreed to acquire selected assets and liabilities of HSBC’s wealth and premier banking business in Indonesia through its local subsidiary, in a transaction expected to complete in the second quarter of 2027. The deal will transfer a portfolio comprising 336,000 customers, assets under management (AUM) of SGD 6.6 billion (approximately USD 5.2 billion), and around 1,300 employees to OCBC’s Indonesian arm. The consideration will be based on net asset value with a premium of up to SGD 480 million. The move comes as global lenders streamline retail operations while Singapore-based banks expand their wealth and consumer banking presence across Southeast Asia, particularly in Indonesia, the region’s largest economy.Read more

08 May 2026

A Canadian Premier League match saw an unusual moment when Inter Toronto striker Tomasz Skublak used his goal celebration to promote his real estate business. After scoring against Atletico Ottawa, he displayed his business card on camera, blending sport with personal branding. The 28-year-old, who balances professional football with a full-time real estate career in Ontario, later added another goal to strengthen his team’s position in the standings. His dual role highlights a growing trend of athletes managing parallel careers, while also reflecting the challenges of maintaining performance across demanding schedules.Read more