Meanwhile, we got time for breaking news right now. Emily Wilkins with that out of Washington DC. Emily.>> Hey, Brian. Well, as the shutdown is in its 17th day, the White House is once again looking to ramp up pressure on Democratic senators to get them to vote for a stop gap to reopen the government. And now we can report that the Office of Management and Budget.They've really kind of been at the tip of Trump's budget push. They are announcing that the Army Corps of Engineers no longer has the funding it n ...

Kenyan President William Ruto announced plans to spend about $31 billion over the next decade on large infrastructure projects, a U-turn on his previous pledge https://t.co/USwm7sh7fu ...

India plans to set up a federal Transport Planning Authority to coordinate infrastructure projects and curb wasteful spending, according to people familiar with the matter. https://t.co/oueZ5fGfQM ...

Saudi Arabia is making “uneven” progress on its most ambitious infrastructure projects due to challenges, according to Moody’s https://t.co/eeAqQIO35S ...

Fund managers in Canada are pushing their chips into sectors expected to benefit from Prime Minister Mark Carney’s plan to fast-track major infrastructure projects and become less reliant on trade with the US https://t.co/9Wmf0lhnCd ...

With a shutdown standoff in full swing, the Trump administration is taking aim at New York, the home of the top two Democrats in Congress. Today, Trump's budget director announced that the White House is freezing roughly $18 billion in New York City infrastructure projects, including what would be the newest link between the city and New Jersey, the Hudson Tunnel. I want to bring in Senator Andy Kim, Democrat of New Jersey.It's good to see you. And I don't have to tell you your state will be directly impact ...

As the shutdown stretches into its first day, we're getting an interesting update from the head of the Office of Management and Budget. Remember, this is the agency that warned about numerous layoffs and large-scale layoffs. Now, we know that the head Russ Voy is going to be speaking with Republicans a little later today, and we expect him to give more details about plans, but right now, he is tweeting that the roughly 18 billion project in New York City, infrastructure projects are being put on hold.This i ...

out of Washington this morning. Let's get to Emily Wilkins with details. Morning, Emily. Good morning, Carl.Well, yeah, as the shutdown stretches into its first day. We're getting an interesting update from the head of the Office of Management and Budget. Remember, this is the agency that warned about numerous layoffs and large-scale layoffs.Now, we know that the head Russ Voy is going to be speaking with Republicans a little later today, and we expect him to give more details about plans. But right now he ...

Core Insights - Ten-League International Holdings Limited reported strong financial performance for the first half of fiscal year 2025, with a revenue increase of 21.6% to S$37.7 million (US$29.6 million) driven by demand for heavy equipment linked to major infrastructure projects [3][4] - The company achieved a gross profit of S$8.9 million (US$7.0 million), a 67.7% increase from the previous year, and net income surged 268.9% to S$2.4 million (US$1.9 million) [5][12] - The successful execution of growth initiatives and a focus on large-scale infrastructure opportunities have positioned the company for sustainable growth and long-term value creation [3][19] Financial Performance - Total revenues for the six months ended June 30, 2025, were S$37.7 million (US$29.6 million), up from S$31.0 million for the same period last year [4][5] - Gross profit increased to S$8.9 million (US$7.0 million), with a gross margin of 23.5%, up from 17.0% a year earlier [5][8] - Net income reached S$2.4 million (US$1.9 million), compared to S$0.6 million for the same period last year, reflecting a strong conversion of revenue growth into profitability [12][26] Revenue Breakdown - Sales of heavy equipment and parts accounted for S$30.7 million (US$24.1 million), a 24.6% increase from S$24.7 million last year, driven by projects like Changi Airport Terminal 5 and Marina Bay Sands expansion [6] - Rental income rose 14.9% to S$5.9 million (US$4.6 million), attributed to higher utilization rates [6] - Engineering consultancy service income decreased by 9.4% to S$1.1 million (US$0.9 million) due to the completion of projects in the previous year [6] Cost and Expenses - Cost of revenue was S$28.8 million (US$22.7 million), an increase of 12.2% from S$25.7 million last year [7] - General and administrative expenses rose to S$5.7 million (US$4.4 million) from S$4.0 million in the previous year [10] - Selling and distribution expenses remained stable at S$0.3 million (US$0.2 million) [9] Cash Flow and Financial Condition - As of June 30, 2025, cash and cash equivalents increased to S$5.2 million (US$4.1 million) from S$0.7 million at the end of 2024 [14] - Net cash provided by operating activities was S$10.0 million (US$7.9 million), compared to S$5.5 million for the same period last year [14] - Net cash used in financing activities was S$5.7 million (US$4.5 million), up from S$1.6 million in the previous year [17] Strategic Outlook - The company aims to deepen customer relationships and strengthen vendor partnerships following its Nasdaq listing [3] - The focus on aligning with large-scale infrastructure opportunities and optimizing rental operations is expected to support sustainable growth [3][19]

Large private capital firms are making multi-billion dollar equity investments into large infrastructure projects. The source of the funds? Their private credit funds https://t.co/X3oVZY4v88 ...