Recovery plan: Toshiba Corp, which is selling off non-core chip operations, plans to invest heavily in its flash memory production capacity in Japan to better compete with South Korea's Samsung Electronics Co Ltd. — Reuters
OCBC flags oil sector woes as Q4 profit hits 3-year low: Oversea-Chinese Banking Corp, Singapore’s second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18% drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. OCBC’s net profit came in at S$789 million in the three months ending December, versus S$960 million a year earlier. - Reuters
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