https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-aia-shares-slide-after-report-hong-kong-bank-account-curbs The Business Times en 2026-06-04T19:40:11+08:00 HSBC, AIA shares slide after report of Hong Kong bank account curbs https://cassette.sphdigital.com.sg/image/businesstimes/94f1cb9ee99d1a88550046516f2ea3a5206964d250d1168ffeff100ef13edb94 HSBC has warned that all funds deposited into investment accounts must comply with Hong Kong’s regulatory requirements. HSBC has warned that all funds deposited into investment accounts must comply with Hong Kong’s regulatory requirements. https://www.businesstimes.com.sg/international/asean/bruneis-sultan-announces-cabinet-shake-appoints-sons-ministers The Business Times en 2026-06-04T19:17:32+08:00 Brunei’s sultan announces Cabinet shake-up, appoints sons as ministers https://cassette.sphdigital.com.sg/image/businesstimes/0631d5676c6f9441d963fd913cba624e9be7496befcb98aaf9078ebb9a565eb9 Sultan Hassanal Bolkiah said he would continue to hold the key roles of prime minister, defence minister and finance minister. Sultan Hassanal Bolkiah said he would continue to hold the key roles of prime minister, defence minister and finance minister. https://www.businesstimes.com.sg/companies-markets/sti-constituents-unchanged-june-review-first-resources-olam-join-reserve-list The Business Times en 2026-06-04T19:01:27+08:00 STI constituents unchanged in June review; First Resources, Olam join reserve list https://cassette.sphdigital.com.sg/image/businesstimes/665393808e44cc1f546eee66022ff1b169c0b0b6dab308b5c539a3957d0ae30a The five companies on the STI reserve list will be First Resources, Keppel Reit, Olam Group, Sheng Siong Group and Suntec Reit. The five companies on the STI reserve list will be First Resources, Keppel Reit, Olam Group, Sheng Siong Group and Suntec Reit. https://www.businesstimes.com.sg/international/asean/thailands-richest-man-plans-140-billion-baht-expansion-amid-ai-boom The Business Times en 2026-06-04T18:48:31+08:00 Thailand’s richest man plans 140 billion baht expansion amid AI boom https://cassette.sphdigital.com.sg/image/businesstimes/defe9ecb6d8f0eeccce0836be46ba5e294b63437001f59f731e1ed4c4ea55ac5 Sarath Ratanavadi has a net worth of about US$12.9 billion. Sarath Ratanavadi has been steering the company into new areas including digital infrastructure, virtual banking and AI-related services. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-jun-42 The Business Times en 2026-06-04T18:43:29+08:00 Daily Debrief: What Happened Today (Jun 4) https://cassette.sphdigital.com.sg/image/businesstimes/6bcd04648d1b59a83a9481d2170a3977bc510c75ab08cd2b240c3c94d7d4dace Marco Polo Marine shifted its focus from oil and gas companies to merchant vessels as shipping boomed amid the Covid-19 pandemic. Marco Polo Marine shifted its focus from oil and gas companies to merchant vessels as shipping boomed amid the Covid-19 pandemic. https://www.businesstimes.com.sg/singapore/commercial-vehicle-coe-likely-breach-s100000-mainstream-car-premiums-remain-elevated The Business Times en 2026-06-04T18:33:04+08:00 Commercial vehicle COE likely to breach S$100,000; mainstream car premiums to remain elevated https://cassette.sphdigital.com.sg/image/businesstimes/f645fa0f5c1bc6e57bd7c1bd61039de27e31c493963c2fbc96974e85e35c16f6 Demand for heavy electric trucks, such as this BYD T35, has been turbocharged by incentives introduced at the start of 2026. Such vehicles use Category C COEs. Demand for heavy electric trucks, such as this BYD T35, has been turbocharged by incentives introduced at the start of 2026. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-retreat-bank-sell-snaps-stis-two-day-winning-streak The Business Times en 2026-06-04T18:27:57+08:00 Singapore stocks retreat as bank sell-off snaps STI’s two-day winning streak https://cassette.sphdigital.com.sg/image/businesstimes/90d328bbbcc7ba5a5ad9525550ba33a6970b8837d261d6024a9053c11afb4e5a Across the broader market, losers outnumbered gainers 386 to 207. Across the broader market, losers outnumber gainers 386 to 207. https://www.businesstimes.com.sg/thrive/career-guide/not-everyone-hungry-corner-office The Business Times en 2026-06-04T18:19:03+08:00 Not everyone is hungry for the corner office https://cassette.sphdigital.com.sg/image/businesstimes/7dfdcfb2d939d90f5136a8dc3a4c0e5b64840da4ce7311855d597adf222fc8f9 BT BT https://www.businesstimes.com.sg/lifestyle/billionaire-bill-ackman-sells-1-42-billion-euro-universal-music-stake-after-failed-takeover The Business Times en 2026-06-04T18:12:13+08:00 Billionaire Bill Ackman sells 1.42 billion-euro Universal Music stake after failed takeover https://cassette.sphdigital.com.sg/image/businesstimes/d24eba4160ddf7736b65a993861b387191de8e49772e733c9f6a3b0f7d7429e3 Pershing Square CEO Bill Ackman proposed acquiring the home of performers such as Taylor Swift and Drake in April in a deal that would have valued Universal Music Group at about 56 billion euros. Pershing Square CEO Bill Ackman proposed acquiring the home of performers such as Taylor Swift and Drake in April in a deal that would have valued Universal Music Group at about 56 billion euros. https://www.businesstimes.com.sg/international/asean/mmc-port-approaches-bidders-potential-stake-sale-sources The Business Times en 2026-06-04T18:11:38+08:00 MMC Port approaches bidders for potential stake sale: sources https://cassette.sphdigital.com.sg/image/businesstimes/3713a791037b45d4dc65643fc29960ca6623eeb459f51d6817dd17f8979b12f0 Parent MMC Corporation, which owns 100 per cent of MMC Port Holdings, will sell up to a 30 per cent stake in the port operator in the IPO, the draft prospectus shows. MMC Port operates seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes, according to its website. https://www.businesstimes.com.sg/singapore/ai-needs-work-support-humans-josephine-teo The Business Times en 2026-06-04T18:11:27+08:00 AI needs to ‘work in support of humans’: Josephine Teo https://cassette.sphdigital.com.sg/image/businesstimes/4258e3d6d04a4dd3eb94f9a03c80fa76d1e3fb1540e862f9717362c203d70ced Against a backdrop of growing concerns about AI-driven job cuts globally, Minister of Digital Development and Information Josephine Teo seeks to reassure that Singapore’s approach places people at the centre of AI adoption. Companies across the world have cut jobs while pursuing greater efficiency through AI and automation. https://www.businesstimes.com.sg/lifestyle/travellers-are-spending-us20000-upfront-never-see-bill-holiday The Business Times en 2026-06-04T18:00:00+08:00 Travellers are spending US$20,000 upfront to never see a bill on holiday https://cassette.sphdigital.com.sg/image/businesstimes/05ab78a844c013fb1a34c2773bc41619d85c89001d29884ba9deb8c691e727d6 Mexico’s Riviera Maya is among the places where travellers can find an all-inclusive resort to holiday in. Mexico’s Riviera Maya is among the places where travellers can holiday in an all-inclusive resort. https://www.businesstimes.com.sg/lifestyle/food-drink/casual-cafe-chic-cloudfields-tan-boon-liat The Business Times en 2026-06-04T18:00:00+08:00 Casual cafe chic at Cloudfields in Tan Boon Liat https://cassette.sphdigital.com.sg/image/businesstimes/655cebae7716a62bcd5c24b26b9bcef4427afca06f9b3e69b7a5f63c3a329541 Cloudfields' breezy alfresco space. Cloudfields' breezy alfresco space. https://www.businesstimes.com.sg/property/bank-ceos-press-mamdani-get-more-new-york-housing-built The Business Times en 2026-06-04T17:51:46+08:00 Bank CEOs press Mamdani to get more New York housing built https://cassette.sphdigital.com.sg/image/businesstimes/8d3f964620517e5cfd7a4b90fc8ec1fddf9ac11f5406b8f1b2d49384e15dd31a New York City Mayor Zohran Mamdani last month released a US$22 billion housing plan that aims to build 200,000 new affordable homes. New York City Mayor Zohran Mamdani last month released a US$22 billion housing plan that aims to build 200,000 new affordable homes. https://www.businesstimes.com.sg/opinion-features/us-and-chinas-ai-race-will-define-century The Business Times en 2026-06-04T17:00:00+08:00 The US and China’s AI race will define the century https://cassette.sphdigital.com.sg/image/businesstimes/975cc4d0a6b8172bb3c487dfecb448e688d9c322eb6a79506e833471c3349ee6 The release of DeepSeek-R1 in January 2025 was, for many observers, a demonstration that hardware disadvantage need not mean capability disadvantage. The release of DeepSeek-R1 in January 2025 was, for many observers, a demonstration that hardware disadvantage need not mean capability disadvantage. https://www.businesstimes.com.sg/international/asean/indonesias-sector-stalwarts-are-growing-yet-many-are-disappearing-global-indices The Business Times en 2026-06-04T16:29:41+08:00 Indonesia’s sector stalwarts are growing, yet many are disappearing from global indices https://cassette.sphdigital.com.sg/image/businesstimes/67c2d04112fb6fbc764fda1dd3ba0e21b841142ca670dd26200958bc5713b8ad FILE PHOTO: People sit near an electronic board showing stock market index at the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, February 2, 2026. REUTERS/Willy Kurniawan/File Photo Market participants warn that the effects of index exclusions can quickly feed through to capital flows and funding costs. https://www.businesstimes.com.sg/singapore/coe-commercial-vehicle-premium-hits-all-time-high-94000-surpassing-previous-record-last-tender The Business Times en 2026-06-04T16:28:38+08:00 COE: Commercial vehicle premium hits all-time high of $94,000, surpassing previous record at last tender https://cassette.sphdigital.com.sg/image/businesstimes/b5a8b596b41069a48366f5e2c57eaf036630d304395a99bf4bb1cc06545fbc29 There is only a S$980 difference between the premiums for Categories A and B. For the Open category (Category E), the premium fell slightly by 0.8%, from S$130,000 to S$129,000. https://www.businesstimes.com.sg/esg/despite-backtracking-climate-commitments-hsbc-says-it-more-ambitious-its-net-zero-strategy The Business Times en 2026-06-04T16:00:00+08:00 Despite backtracking on climate commitments, HSBC says it is ‘more ambitious’ on its net-zero strategy https://cassette.sphdigital.com.sg/image/businesstimes/94f1cb9ee99d1a88550046516f2ea3a5206964d250d1168ffeff100ef13edb94 HSBC has updated its approach, which the bank says is to reflect a significantly changed external landscape since setting its first net-zero targets in 2020. HSBC has updated its approach, which the bank says is to reflect a significantly changed external landscape since setting its first net-zero targets in 2020. https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-expected-raise-interest-rates-june-sources The Business Times en 2026-06-04T15:50:30+08:00 BOJ expected to raise interest rates in June: sources https://cassette.sphdigital.com.sg/image/businesstimes/428c6b4f0af1e65b450cd5c9fdacbcf1daac9a3f7221e024ecff37b0f2ba8dd0 A spike in wholesale inflation has alarmed policymakers over the fast pace at which companies are passing on costs. A spike in wholesale inflation has alarmed policymakers over the fast pace at which companies are passing on costs. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/foxconn-and-intel-team-build-next-gen-ai-systems The Business Times en 2026-06-04T15:48:50+08:00 Foxconn and Intel team up to build next-gen AI systems https://cassette.sphdigital.com.sg/image/businesstimes/b13dd27fd90dbd114b2109530e2179125c4c0bb40fc3841a343e4b1607bf7a10 Foxconn said that the partnership would combine Intel’s chip technology with Foxconn’s manufacturing and system-building expertise. Foxconn said that the partnership would combine Intel’s chip technology with Foxconn’s manufacturing and system-building expertise. https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysian-palm-oil-exports-face-pressure-indonesias-commodity-export-overhaul The Business Times en 2026-06-04T15:38:11+08:00 Malaysian palm oil exports to face pressure from Indonesia’s commodity export overhaul https://cassette.sphdigital.com.sg/image/businesstimes/98f33e0bee85b616d95c291e5afd424da9b065b99c0fb4b052d0d6e427b4065e Malaysian exports fell 6.2% in May from a month earlier to 1.22 million tonnes, according to a Bloomberg survey. Malaysian exports fell 6.2% in May from a month earlier to 1.22 million tonnes, according to a Bloomberg survey. https://www.businesstimes.com.sg/international/global/global-firms-exploit-indias-ipo-boom-take-profits-back-home-countries The Business Times en 2026-06-04T15:25:56+08:00 Global firms exploit India’s IPO boom to take profits back to home countries https://cassette.sphdigital.com.sg/image/businesstimes/78d7bad1a0b02430c51323d9f203fbe25fb0b05bbae69560a16c5c1e8239843c Foreign-based parents of companies have long invested in India pocketed nearly US$5 billion through secondary-offering IPOs – or offer for sale (OFS). Foreign-based parents of companies have long invested in India pocketed nearly US$5 billion through secondary-offering IPOs – or offer for sale (OFS). https://www.businesstimes.com.sg/lifestyle/style-society/how-ultra-rich-buy-property The Business Times en 2026-06-04T15:13:58+08:00 How the ultra-rich buy property https://cassette.sphdigital.com.sg/image/businesstimes/45cf5647805c5ef717c9793b65e57122c319d20ed2b701de22ede8f95ec8616c A residence in Vicolo delle Orsoline, Rome, Italy. A residence in Vicolo delle Orsoline, Rome, Italy. https://www.businesstimes.com.sg/property/new-zealand-home-building-hits-10-year-low-house-prices-stall The Business Times en 2026-06-04T14:53:29+08:00 New Zealand home building hits 10-year low as house prices stall https://cassette.sphdigital.com.sg/image/businesstimes/885f9e5145e0849c2c4b0a56a77f4c66b0b782b3abf6013f43b54260c24f7232 New Zealand's building industry has struggled through a period of high interest rates, followed by a mix of geopolitical concerns that hit buyer confidence and weighed on the residential property market. New Zealand's building industry has struggled through a period of high interest rates, followed by a mix of geopolitical concerns that hit buyer confidence and weighed on the residential property market. https://www.businesstimes.com.sg/lifestyle/arts-design/hiroshi-sugimoto-brings-five-decades-art-singapore The Business Times en 2026-06-04T14:10:00+08:00 Hiroshi Sugimoto brings five decades of art to Singapore https://cassette.sphdigital.com.sg/image/businesstimes/2ae0d28542a6b9f7a181fcd6deae729da0a8fc3610b8c3ac3e04a6ff46e4ebeb Hiroshi Sugimoto's exhibition in Singapore Art Museum is his largest survey in South-east Asia. Hiroshi Sugimoto's exhibition in Singapore Art Museum is his largest survey in South-east Asia to date. https://www.businesstimes.com.sg/international/global/hot-weather-hurts-asian-crops-powerful-el-nino-raises-concerns-about-food-supplies The Business Times en 2026-06-04T14:08:31+08:00 Hot weather hurts Asian crops as powerful El Nino raises concerns about food supplies https://cassette.sphdigital.com.sg/image/businesstimes/2d2906e852a6fa930ac038c17fadc1e1614fd6c4e3600fd88c5a472b09010468 A sign that reads "land for sale or for lease" on a drought-affected rice field in Vietnam on Mar 30, 2016. One of the strongest El Ninos on record is widely expected to develop in the second half of 2026. A sign that reads "land for sale or for lease" on a drought-affected rice field in Vietnam on Mar 30, 2016. One of the strongest El Ninos on record is widely expected to develop in the second half of 2026. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asia-steps-currency-defence-south-korea-indonesia-vow-action The Business Times en 2026-06-04T14:08:26+08:00 Asia steps up currency defence as South Korea, Indonesia vow action https://cassette.sphdigital.com.sg/image/businesstimes/f7961b22a0f032ebdd393892ffefd6d70a68a0350fdc8f66fd4b7032b47fa946 Bank Indonesia says that it’s intensifying interventions to stabilise the rupiah, which had dropped to a record low. Bank Indonesia says that it’s intensifying interventions to stabilise the rupiah, which had dropped to a record low. https://www.businesstimes.com.sg/international/trump-executive-order-directs-customs-crack-down-tariff-cheats The Business Times en 2026-06-04T13:24:52+08:00 Trump executive order directs customs to crack down on tariff cheats https://cassette.sphdigital.com.sg/image/businesstimes/0d4d47d06b42e686c1d454aae1c27ffff5cd1a55c941a6d083ab0bde38c314d3 The order will not take effect right away, and many of the rule changes will be developed with input from stakeholders across the trade industry. The order will not take effect right away, and many of the rule changes will be developed with input from stakeholders across the trade industry. https://www.businesstimes.com.sg/opinion-features/jardines-has-survived-wars-and-market-collapses-can-it-survive-digital-age The Business Times en 2026-06-04T13:00:00+08:00 Jardines has survived wars and market collapses. Can it survive the digital age? https://cassette.sphdigital.com.sg/image/businesstimes/a2711894222daed167f74bc0a64d0bdbfa6d3788633350da20077ce6123d4370 The Jardine Matheson group is said to be mulling over the sale of billions in assets, including its KFC and Pizza Hut chains in Asian markets. Jardine Matheson's restaurant unit has reportedly been seeking to sell its KFC and Pizza Hut chains in Asian markets. https://www.businesstimes.com.sg/international/asean/indonesia-passes-sweeping-bill-expanding-central-bank-role-spur-growth The Business Times en 2026-06-04T12:44:19+08:00 Indonesia passes sweeping Bill expanding central bank role to spur growth https://cassette.sphdigital.com.sg/image/businesstimes/db76b9228ad6f7dd9448c7c3cd67511226a86ee44a2623809428441e10088c53 Parliament passed the bill by acclamation, with support from all parties, according to the deputy speaker, Sufmi Dasco Ahmad, who led on Thursday’s plenary session. Parliament passed the Bill by acclamation, with support from all parties, according to the deputy speaker, Sufmi Dasco Ahmad, who led on Thursday’s plenary session. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/tsmc-ceo-warns-chip-supply-wont-meet-ai-fuelled-demand-years The Business Times en 2026-06-04T12:14:42+08:00 TSMC CEO warns chip supply won’t meet AI-fuelled demand for years https://cassette.sphdigital.com.sg/image/businesstimes/07368e09c7a83707b35c43d0fe549e36cdab220973db9e5b2030531ccfe49565 The CEO reiterates its forecast for sales growth of more than 30 per cent this year The CEO reiterates its forecast for sales growth of more than 30% this year. https://www.businesstimes.com.sg/startups-tech/technology/anthropic-looks-set-shop-singapore-fill-roles-finance-product-support The Business Times en 2026-06-04T11:46:47+08:00 Anthropic looks to set up shop in Singapore, fill roles from finance to product support https://cassette.sphdigital.com.sg/image/businesstimes/e840a29702d2877b2ba6b7826978d180e4c04b74f69f5003aae9493a96a241fb FILE PHOTO: Anthropic logo is seen in this illustration created on March 1, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Anthropic’s international push comes as more enterprise clients seek to use AI for competitive advantage and productivity gains. https://www.businesstimes.com.sg/companies-markets/malaysian-tycoon-vincent-tan-cuts-berjaya-stake-asset-sales The Business Times en 2026-06-04T11:08:55+08:00 Malaysian tycoon Vincent Tan cuts Berjaya stake in asset sales https://cassette.sphdigital.com.sg/image/businesstimes/cc6e4ceb05afadaf67183d3eb16297de5f10d7f7b1bdccec66717fe7aef03929 The tycoon remains a substantial shareholder in 7-Eleven Malaysia Holdings, Berjaya Food and Berjaya Assets, albeit with smaller holdings. The tycoon remains a substantial shareholder in 7-Eleven Malaysia Holdings, Berjaya Food and Berjaya Assets, albeit with smaller holdings. https://www.businesstimes.com.sg/companies-markets/singapore-kitchen-ceo-senior-manager-charged-alleged-fraud-falsifying-accounts-both-stay-jobs-now The Business Times en 2026-06-04T10:32:52+08:00 Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now https://cassette.sphdigital.com.sg/image/businesstimes/2510a522db2654b3c81063c230a03c7c427d8954de181064f2be9f3b2e12b334 Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua and Alan Lee. Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee. https://www.businesstimes.com.sg/companies-markets/decade-high-dividend-income-shareholders-key-takeaways-insurers-2026-agm The Business Times en 2026-06-04T10:23:41+08:00 Decade-high dividend for Income shareholders: Key takeaways from insurer’s 2026 AGM https://cassette.sphdigital.com.sg/image/businesstimes/8b2066c835b6f62acf3350a2f6d39b0e8148c6a8d4f8d91edefa30305ba6f16f Income’s board proposed a total dividend of $1.063 per share, representing the highest payout in the past 10 years. Income’s board proposed a total dividend of $1.063 per share, representing the highest payout in the past 10 years. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/record-singapore-us-rate-gap-may-widen-further-inflows-and-hawkish-fed-outlook The Business Times en 2026-06-04T10:01:42+08:00 Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook https://cassette.sphdigital.com.sg/image/businesstimes/be496ede578507a003f2b3ad2d722c55bca8b97920849abd2ab2c354b1301969 The flush liquidity in Singapore has weakened a historically tight link between interest rates in the city state and the US. The flush liquidity in Singapore has weakened a historically tight link between interest rates in the city state and the US. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-slide-iran-ceasefire-wavers-fed-rate-hike-fears-grow The Business Times en 2026-06-04T09:57:18+08:00 Singapore stocks slide as Iran ceasefire wavers, Fed rate hike fears grow https://cassette.sphdigital.com.sg/image/businesstimes/e19dcea04cdd79365caf1b7eb91a8b2711190b64bce00e289a08f13ac5f07b7f The Straits Times Index fell about 1 per cent within the first 20 minutes of trading at about 5,086 points. The Straits Times Index fell about 1% within the first 20 minutes of trading to about 5,086 points. https://www.businesstimes.com.sg/companies-markets/marco-polo-marine-shares-plans-unlock-value-boutique-fund-manager-becomes-substantial-shareholder The Business Times en 2026-06-04T09:38:13+08:00 Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder https://cassette.sphdigital.com.sg/image/businesstimes/6bcd04648d1b59a83a9481d2170a3977bc510c75ab08cd2b240c3c94d7d4dace The firm on May 15 proposed injecting Marco Polo Shipyard and MP Marine into Fuji Offset Plates Manufacturing. The firm on May 15 proposed injecting Marco Polo Shipyard and MP Marine into Fuji Offset Plates Manufacturing. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rises-dip-buyers-return-after-israel-lebanon-ceasefire The Business Times en 2026-06-04T09:19:59+08:00 Gold rises as dip-buyers return after Israel-Lebanon ceasefire https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Bullion is near US$4,450 an ounce, having lost 1.2% in the previous session. Bullion has moved largely in an inverse relationship with oil since the conflict began in late February. https://www.businesstimes.com.sg/companies-markets/samudera-shipping-sells-two-vessels-us23-million-under-fleet-management-capital-allocation-strategy The Business Times en 2026-06-04T08:49:11+08:00 Samudera Shipping sells two vessels for US$23 million under fleet management, capital allocation strategy https://cassette.sphdigital.com.sg/image/businesstimes/1afedd6dfaba29841750ccf9e598d5fd1fef922e02919794386c875bcdfe9172 The disposals are expected to yield an estimated gain on disposal of around US$1.3 million. Net proceeds will go towards general working capital or may be redeployed for fleet renewal and other investment opportunities. https://www.businesstimes.com.sg/international/us-house-votes-rein-trump-iran-war The Business Times en 2026-06-04T08:43:09+08:00 US House votes to rein in Trump on Iran war https://cassette.sphdigital.com.sg/image/businesstimes/c513343e01625ca24fe7f7720ac23b448814ff5471e7690ddc3f234e047f47fe Trump and his senior aides have dismissed any effort by Congress to limit his war powers as unconstitutional. Trump and his senior aides have dismissed any effort by Congress to limit his war powers as unconstitutional. https://www.businesstimes.com.sg/companies-markets/reits-property/stoneweg-europe-stapled-trust-sells-french-warehouse-asset-parc-de-meslay-5-7-million-euros The Business Times en 2026-06-04T08:42:32+08:00 Stoneweg Europe Stapled Trust sells French warehouse asset Parc de Meslay for 5.7 million euros https://cassette.sphdigital.com.sg/image/businesstimes/e9754c5f1354953d8db8cf5d4b601970dc4ac831b0d5c0df162c668bc54c5e11 Net proceeds from the divestment will be used for reinvestment in opportunities “consistent with Sert’s strategy” and for general working capital purposes. Parc de Meslay is a cold warehouse, comprising about 5,613 square metres of net area. https://www.businesstimes.com.sg/companies-markets/stocks-watch-clar-dfi-retail-group-sert-samudera-shipping The Business Times en 2026-06-04T08:36:35+08:00 Stocks to watch: Clar, DFI Retail Group, Sert, Samudera Shipping https://cassette.sphdigital.com.sg/image/businesstimes/cac96f46281f1428cf9d8676b6481acf33262603356ffa94e1ea1b5230e3713c CapitaLand Ascendas Reit is set to buy a modern ramp-up logistics facility at 5 Tuas Avenue 5 for S$133.9 million, it said on Jun 4, 2026. Clar is buying a modern ramp-up logistics facility at 5 Tuas Avenue 5 for a purchase consideration of S$133.9 million in cash. https://www.businesstimes.com.sg/international/global/us-feds-kevin-warsh-inherits-economy-increasingly-squeezed-inflation The Business Times en 2026-06-04T08:34:37+08:00 US Fed’s Kevin Warsh inherits economy increasingly squeezed by inflation https://cassette.sphdigital.com.sg/image/businesstimes/bd516db94a747a951e3c161894d731014bfe5fb34a42b4549f565db650eaf2df Inflation by the Fed’s targeted measure jumped to 3.8 per cent in April from 3.5 per cent in March. Some of Warsh’s colleagues are already portraying the fight against inflation as gaining urgency. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/broadcom-slides-after-ai-chip-outlook-disappoints-investors The Business Times en 2026-06-04T08:13:36+08:00 Broadcom slides after AI chip outlook disappoints investors https://cassette.sphdigital.com.sg/image/businesstimes/a54128bedd784ad18ba799f77c134151db09223a381a8349706e350f06f2f67e Broadcom has already begun delivering chips to OpenAI and is on track for production later this year. While Nvidia remains the dominant maker of AI accelerators, Broadcom has positioned itself as a key alternative. https://www.businesstimes.com.sg/companies-markets/reits-property/clar-buys-tuas-logistics-property-s133-9-million The Business Times en 2026-06-04T08:07:55+08:00 Clar buys Tuas logistics property for S$133.9 million https://cassette.sphdigital.com.sg/image/businesstimes/6f9726b026faa3ce72653185709bffb863eaab1332dbafa395171d98585fdd6a The facility is currently fully occupied by four tenants, including the vendor -- Hup Hin Transport. The facility is currently fully occupied by four tenants, including the vendor Hup Hin Transport. https://www.businesstimes.com.sg/international/israel-lebanon-ceasefire-raises-hopes-progress-deal-between-us-and-iran The Business Times en 2026-06-04T07:49:25+08:00 Israel-Lebanon ceasefire raises hopes of progress for deal between US and Iran https://cassette.sphdigital.com.sg/image/businesstimes/f27dfc120a6d6ac9c83df19ea7d6ce94ea76feb029320bc170d069e498a2bf86 Iran has said that it will not agree to a deal to end the conflict with the United States and Israel launched in late February unless a ceasefire also covers Lebanon. Iran has said that it will not agree to a deal to end the conflict with the United States and Israel launched in late February unless a ceasefire also covers Lebanon. https://www.businesstimes.com.sg/opinion-features/why-oil-prices-have-defied-us200-forecasts-despite-hormuz-closure The Business Times en 2026-06-04T07:15:00+08:00 Why oil prices have defied US$200 forecasts despite Hormuz closure https://cassette.sphdigital.com.sg/image/businesstimes/6b537bedd41ca0a4b844bdf0b66d26267e47ba51a6c3f000f3991489ee4fcb88 Brent crude, the global benchmark, was trading at about US$96 a barrel on Jun 3. Brent crude, the global benchmark, was trading at about US$96 a barrel on Jun 3. https://www.businesstimes.com.sg/international/global/ships-chips-sg-us-corridor-gears-its-next-chapter The Business Times en 2026-06-04T07:00:00+08:00 From ships to chips, SG-US corridor gears up for its next chapter https://cassette.sphdigital.com.sg/image/businesstimes/f465a80937826ec418f649b3b0b0219ea40b7f46c3935902c1ca9cfd7297eda7 Singapore is becoming a credible funding base for US digital infrastructure players scaling across Asia. Singapore is becoming a credible funding base for US digital infrastructure players scaling across Asia. https://www.businesstimes.com.sg/opinion-features/hidden-dangers-sovereign-debt The Business Times en 2026-06-04T07:00:00+08:00 The hidden dangers of sovereign debt https://cassette.sphdigital.com.sg/image/businesstimes/fe8d86db81c7ffe2ff03441cc80e5c10bb0bea087c856ff87b8415962e75ac0d Advanced economies may be entering a period of structurally higher and more volatile inflation than in the pre-pandemic era. Advanced economies may be entering a period of structurally higher and more volatile inflation than in the pre-pandemic era. https://www.businesstimes.com.sg/companies-markets/outperforming-asia-credit-markets-draw-investors The Business Times en 2026-06-04T07:00:00+08:00 Outperforming Asia credit markets a draw for investors https://cassette.sphdigital.com.sg/image/businesstimes/2200c5b0b24be5381586105372e9feb883a73a2bf76063ffaefac4d0e6f95e56 Asia-Pacific is increasingly seen as an attractive investment destination, with 36% of global asset managers increasing their Asia-Pacific IG credit allocations in 2026. Asia-Pacific is increasingly seen as an attractive investment destination, with 36% of global asset managers increasing their Asia-Pacific investment-grade credit allocations in 2026. https://www.businesstimes.com.sg/international/returnees-inside-chinas-ai-talent-reversal The Business Times en 2026-06-04T07:00:00+08:00 The returnees: Inside China’s AI talent reversal https://cassette.sphdigital.com.sg/image/businesstimes/f0c1e0bd736bd8f1382b021eddf12eddebe024a6aba8f562038aadb21baaa94f FILE PHOTO: The logo of DeepSeek is displayed alongside its AI assistant app on a mobile phone, in this illustration picture taken January 28, 2025. REUTERS/Florence Lo/Illustration/File Photo DeepSeek’s rapid global rise proves that elite Chinese AI talents do not have to work for American companies to achieve massive success. https://www.businesstimes.com.sg/singapore/profit-purpose-kim-choo-kueh-changs-pivot-public-listing-protecting-heritage The Business Times en 2026-06-04T07:00:00+08:00 Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage https://cassette.sphdigital.com.sg/image/businesstimes/18c1b9b451886c1b1c3f9d0833240d983163c50da576128e3c2a7320f078016c Kim Choo Kueh Chang's third-gen owner Edmond Wong Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”. https://www.businesstimes.com.sg/companies-markets/spacex-seeks-us75-billion-record-ipo-fund-ai-launch The Business Times en 2026-06-04T06:50:33+08:00 SpaceX seeks US$75 billion in record IPO to fund AI, launch https://cassette.sphdigital.com.sg/image/businesstimes/8ede59282f8900bf32ce6259df9ca8246aadd34700db662dc91c4ba001dd9c9b SpaceX is expected to start formal marketing of its IPO as soon as Jun 4 and to price as early as Jun 11. The share sale is set for Jun 11 and SpaceX is expected to begin trading the following day, according to terms of the deal. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-israel-and-lebanon-agree-conditional-ceasefire The Business Times en 2026-06-04T06:14:58+08:00 Oil falls as Israel and Lebanon agree to conditional ceasefire https://cassette.sphdigital.com.sg/image/businesstimes/48c33eee57984112362c3f380d0806e6e5858c8a033850d6be16a36ecb1d3aea Oil has erased last week’s drop as the clashes sapped optimism over a deal to extend the current ceasefire, and potentially see flows resume through the strait. Oil has erased last week’s drop as the clashes sapped optimism over a deal to extend the current ceasefire, and potentially see flows resume through the strait. https://www.businesstimes.com.sg/companies-markets/us-tech-stocks-market-dominance-presents-new-risks-it-reaches-new-heights The Business Times en 2026-06-04T06:00:00+08:00 US tech stocks’ market dominance presents new risks as it reaches new heights https://cassette.sphdigital.com.sg/image/businesstimes/172075f1584bd0f83fcdc84ca2619981d3ecf3b0e792a3b2459f2d4ba76036bb While tech has long dominated the S&P 500, its recent outperformance has bolstered its sway. While tech has long dominated the S&P 500, its recent outperformance has bolstered its sway. https://www.businesstimes.com.sg/lifestyle/indonesian-parrot-seen-once-century-reappears-mountain-forest The Business Times en 2026-06-04T06:00:00+08:00 Indonesian parrot, seen once in a century, reappears in mountain forest https://cassette.sphdigital.com.sg/image/businesstimes/6f14950f8735c861e810051963f7e1afacd431479fb56288a8fd6f1b4232709f The blue-fronted lorikeet can be found only on the island of Buru in Indonesia. The blue-fronted lorikeet can be found only on the island of Buru in Indonesia. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-lower-middle-east-tensions-escalate The Business Times en 2026-06-04T05:46:05+08:00 Wall Street ends lower as Middle East tensions escalate https://cassette.sphdigital.com.sg/image/businesstimes/49121e4fd51d58e0be5968afe51943b1193a708eab7041443a7c7f0c8d6931b8 The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-stocks-fall-private-market-stress-middle-east-tensions-dent-sentiment The Business Times en 2026-06-04T05:29:26+08:00 European stocks fall as private market stress, Middle East tensions dent sentiment https://cassette.sphdigital.com.sg/image/businesstimes/c77bf97dfba0d4cb9d367f54a4e33b118b9455f8d238d78ed6ce53948bbb4667 Investors fear that private credit and equity firms are overexposed to mid-sized companies, vulnerable to disruption from emerging artificial intelligence models. Investors fear that private credit and equity firms are overexposed to mid-sized companies, vulnerable to disruption from emerging artificial intelligence models. https://www.businesstimes.com.sg/lifestyle/celebrating-50-years-great-american-wines The Business Times en 2026-06-04T00:29:25+08:00 Celebrating 50 years of great American wines https://cassette.sphdigital.com.sg/image/businesstimes/6a7e47498fb331296b78b43dbed323691a4f75f4bc8b1d4aaab6cbb1fd361de5 In 1976, American winemakers bested their French counterparts at the Judgment of Paris. It is truly remarkable how much progress American wine has made since then. In 1976, American winemakers bested their French counterparts at the Judgment of Paris. It is truly remarkable how much progress American wine has made since then. https://www.businesstimes.com.sg/companies-markets/us-factory-orders-post-biggest-gain-11-months-april The Business Times en 2026-06-03T23:50:54+08:00 US factory orders post biggest gain in 11 months in April https://cassette.sphdigital.com.sg/image/businesstimes/3eea2ca69d53f04dc81b752b52d0fc2b1e8ce90707f39fc9dc44423bb0ae3fef Boeing reports that it received 136 orders in April, most of them for more expensive models, against 33 orders in March. Boeing reports that it received 136 orders in April, most of them for more expensive models, against 33 orders in March. https://www.businesstimes.com.sg/companies-markets/nissan-inks-deal-make-cars-chery-its-uk-plant The Business Times en 2026-06-03T23:42:36+08:00 Nissan inks deal to make cars by Chery at its UK plant https://cassette.sphdigital.com.sg/image/businesstimes/5e7c96ab4f3abda34a5e6baf8572f7a5d2dd6c044b133b3c88db6c08ef06d7b9 In Europe, Nissan is the latest carmaker to seek a deal with a China-based rival to fill spare capacity. In Europe, Nissan is the latest carmaker to seek a deal with a China-based rival to fill spare capacity. https://www.businesstimes.com.sg/international/ai-double-data-centre-power-and-water-consumption-2030-un-researchers The Business Times en 2026-06-03T23:26:32+08:00 AI to double data centre power and water consumption by 2030: UN researchers https://cassette.sphdigital.com.sg/image/businesstimes/5ab0f28fe6e123c07aaee1b741add16a26405311d2d8595602cd883ecd716d68 In 2025, data centres consumed 4.5 trillion litres of water, and generated 189 million tonnes of carbon dioxide emissions. In 2025, data centres consumed 4.5 trillion litres of water, and generated 189 million tonnes of carbon dioxide emissions. https://www.businesstimes.com.sg/international/us-services-sector-growth-picks-may-businesses-face-higher-prices-inputs The Business Times en 2026-06-03T23:23:57+08:00 US services sector growth picks up in May; businesses face higher prices for inputs https://cassette.sphdigital.com.sg/image/businesstimes/06c7978b44306e541d89c6519931ebe6fefb318aeda057121553ff2e178f21be The three-month US-Israel war with Iran has severely disrupted the shipping of commodities and raised prices of goods including energy, aluminium and fertilisers. The three-month US-Israel war with Iran has severely disrupted the shipping of commodities and raised prices of goods including energy, aluminium and fertilisers. https://www.businesstimes.com.sg/companies-markets/uber-cuts-23-people-division-new-president-takes-charge The Business Times en 2026-06-03T23:04:21+08:00 Uber cuts 23% of people division as new president takes charge https://cassette.sphdigital.com.sg/image/businesstimes/d42c47e3867f92f02db99caa5ff4dbb2fd873429157ce377e73dfb7eb361ec6e Uber has about 10 million drivers, most of whom are classified as independent contractors. Uber has about 10 million drivers, most of whom are classified as independent contractors. https://www.businesstimes.com.sg/international/indonesia-arrests-officials-over-alleged-corruption-free-meals-programme The Business Times en 2026-06-03T22:43:27+08:00 Indonesia arrests officials over alleged corruption in free meals programme https://cassette.sphdigital.com.sg/image/businesstimes/78381d2fba278965cf189f39231e75c7728c3ae41529e9eaf50048dce74ac7f9 Former head of the National Nutrition Agency Dadan Hindayana (centre) is escorted to a detention vehicle. Former head of the National Nutrition Agency Dadan Hindayana (centre) is escorted to a detention vehicle. https://www.businesstimes.com.sg/international/meta-launches-enterprise-focused-ai-business-agent-automate-daily-operations The Business Times en 2026-06-03T22:42:18+08:00 Meta launches enterprise-focused AI ‘business agent’ to automate daily operations https://cassette.sphdigital.com.sg/image/businesstimes/9ad220b54ad9629203806585c163281a89f231d87a6176c7bc8384e94783b687 Meta says more than one million businesses are already using earlier chatbot versions of such agents on WhatsApp and Messenger. Meta says more than one million businesses are already using earlier chatbot versions of AI agents on WhatsApp and Messenger. https://www.businesstimes.com.sg/international/india-earmarks-us1-billion-guard-airlines-fuel-shocks The Business Times en 2026-06-03T22:03:30+08:00 India earmarks US$1 billion to guard airlines from fuel shocks https://cassette.sphdigital.com.sg/image/businesstimes/b61554509f6ffe68d11a3321e3198a38ef51936017b4c1530a55bafd7011fcfa India’s biggest airline IndiGo called the intervention a timely and welcome relief for the sector. India’s biggest airline IndiGo called the intervention a timely and welcome relief for the sector. https://www.businesstimes.com.sg/international/global/iran-hits-kuwait-us-strikes-near-hormuz-gulf-flare The Business Times en 2026-06-03T20:43:08+08:00 Iran hits Kuwait, US strikes near Hormuz in Gulf flare-up https://cassette.sphdigital.com.sg/image/businesstimes/73cbbfe58463fd1ac56e0a1bcdc68d0efcc7bc8dce47347dc6910f84a6e15022 Southern Lebanon comes under Israeli strikes on Jun 3. The two sides had agreed in May to a ceasefire but hostilities had continued. Southern Lebanon comes under Israeli strikes on Jun 3. The two sides had agreed in May to a ceasefire but hostilities had continued. https://www.businesstimes.com.sg/international/bojs-ueda-signals-good-chance-june-hike-price-risks-rise The Business Times en 2026-06-03T20:38:12+08:00 BOJ’s Ueda signals good chance of June hike as price risks rise https://cassette.sphdigital.com.sg/image/businesstimes/8723ca78344cf943aa113ed39ed20142d6cc5dd5220e58cd9ae75efe6912b86b Bank of Japan governor Kazuo Ueda appeared to dismiss the weaker inflation data, as he said the BOJ expects prices to pick up due to oil prices. Bank of Japan governor Kazuo Ueda appeared to dismiss the weaker inflation data, as he said the BOJ expects prices to pick up due to oil prices. https://www.businesstimes.com.sg/international/global/private-infrastructure-real-estate-capital-play-larger-financing-role-ai-data-centre-boom-goldman The Business Times en 2026-06-03T19:51:57+08:00 Private infrastructure, real-estate capital to play larger financing role in AI data centre boom, Goldman says https://cassette.sphdigital.com.sg/image/businesstimes/d8400b787d18e423145cbdded811c1b66c900c02d875fafde56b481b809e8fbb Goldman Sachs said that private infrastructure’s structured income generation and inflation-protection characteristics will likely boost further growth. Goldman Sachs said that private infrastructure’s structured income generation and inflation-protection characteristics will likely boost further growth. https://www.businesstimes.com.sg/lifestyle/arts-design/louis-vuitton-and-campana-stretch-travel-heritage-furniture-and-art The Business Times en 2026-06-03T19:24:50+08:00 Louis Vuitton and Campana stretch travel heritage into furniture and art https://cassette.sphdigital.com.sg/image/businesstimes/545d1be460fcdcececa6e95034b0c3f3acf403ec61494adf9a454ba1be61ed08 The Louis Vuitton x Campana collaboration have resulted in stunning additions to the Objets Nomades collection, such as (from left) the Kaleidoscope Exotic Leather cabinet, Cocoon Dichroic, and Odyssee Babyfoot. The Louis Vuitton x Campana collaboration has resulted in stunning additions to the Objets Nomades collection, such as (from left) the Kaleidoscope Exotic Leather cabinet, Cocoon Dichroic and Odyssee Babyfoot. https://www.businesstimes.com.sg/companies-markets/tiger-brokers-suspend-investors-mainland-china-adding-new-positions The Business Times en 2026-06-03T18:55:15+08:00 Tiger Brokers to suspend investors in mainland China from adding new positions https://cassette.sphdigital.com.sg/image/businesstimes/cc0e5b7259e76e2d038a539f07c471aa0b4edcd8cd38b4351ab1c1b6e231e98c Tiger is among the online brokers that have been told to wind down their cross-border investment accounts. Tiger is among the online brokers that have been told to wind down their cross-border investment accounts. https://www.businesstimes.com.sg/international/eu-risks-losing-more-one-million-jobs-over-global-pressures The Business Times en 2026-06-03T18:48:06+08:00 EU risks losing more than one million jobs over global pressures https://cassette.sphdigital.com.sg/image/businesstimes/2afcddeefdb5da01ec9c37c65231940c29d41f89508cb603280a72c9622adbd0 European firms have been paying extra energy costs for years. The situation only grew worse this year after Iran closed the Strait of Hormuz (above). European firms have been paying extra energy costs for years. The situation only grew worse this year after Iran closed the Strait of Hormuz (above). https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-higher-dbs-ocbc-hit-fresh-highs-sti-0-8 The Business Times en 2026-06-03T18:45:39+08:00 Singapore stocks end higher as DBS, OCBC hit fresh highs; STI up 0.8% https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 The benchmark Straits Times Index is up 40.82 points at 5,138.24. The benchmark Straits Times Index is up 40.82 points at 5,138.24. https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-taps-new-state-investment-firm-help-coordinate-its-global-metals-and-mining-deals The Business Times en 2026-06-03T18:41:35+08:00 China taps new state investment firm to help coordinate its global metals and mining deals https://cassette.sphdigital.com.sg/image/businesstimes/52c47039c45835a9cfff6c96d4e9af5defa4fde018cabb667d71759d801a73c2 The new approach shows Beijing’s willingness to take a central role against global protectionism and the tussle for natural resources. The new approach shows Beijing’s willingness to take a central role against global protectionism and the tussle for natural resources. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-jun-32 The Business Times en 2026-06-03T18:35:45+08:00 Daily Debrief: What Happened Today (Jun 3) https://cassette.sphdigital.com.sg/image/businesstimes/d4c68a03ea955aa1371bbf72a65bd5c30b1a6dc57aa6a2d5e01c3702e7d71503 A photo of private housing in Singapore. MND released the government land sales programme for private residential, commercial and hotel sites for second-half 2026 on Wednesday. MND released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday. https://www.businesstimes.com.sg/international/asean/rupiah-hits-new-low-breaches-14000-threshold-against-singdollar The Business Times en 2026-06-03T18:26:34+08:00 Rupiah hits new low, breaches 14,000 threshold against Singdollar https://cassette.sphdigital.com.sg/image/businesstimes/07dba992ea5fd06651cbd91d478cee93c83ef55f3f4874c390dfd17563b17d6a The rupiah has weakened consistently through the year, as the Indonesian economy grappled with the higher oil prices caused by the US-led war against Iran. The rupiah has weakened consistently through the year, as the Indonesian economy grappled with the higher oil prices caused by the US-led war against Iran. https://www.businesstimes.com.sg/opinion-features/chinas-delivery-drivers-are-its-most-obvious-underclass The Business Times en 2026-06-03T18:15:00+08:00 China’s delivery drivers are its most obvious underclass https://cassette.sphdigital.com.sg/image/businesstimes/d773f7c7f34a91e94ede6a87ac72417928bfe7d2d868a97a11974419034fcc55 For years, China’s delivery industry attracted those who knew they could earn more than in factory jobs, or who wanted easy cash while awaiting better opportunities. For years, China’s delivery industry attracted those who knew they could earn more than in factory jobs, or who wanted easy cash while awaiting better opportunities. https://www.businesstimes.com.sg/opinion-features/are-we-affordability-crisis The Business Times en 2026-06-03T18:00:00+08:00 Are we in an affordability crisis? https://cassette.sphdigital.com.sg/image/businesstimes/e1c7adf6bde6daf1f39d09aa622ef50f276e81e5c3208018db06c6d692a2b66a Surveys by the Bank for International Settlements show that households usually expect higher inflation than what official data or forecasts say.  Surveys show that people expect higher inflation than what official data or forecasts say, with grocery and energy prices shaping these views disproportionately.  https://www.businesstimes.com.sg/opinion-features/why-putin-and-trump-should-both-want-quick-peace-deals The Business Times en 2026-06-03T18:00:00+08:00 Why Putin and Trump should both want quick peace deals https://cassette.sphdigital.com.sg/image/businesstimes/21f4e881aaf6d5f34d4c37bb478490c97c55500d37d65a436a6f0b81b4c6d80a Two leaders (above: Russia's Vladimir Putin and the US' Donald Trump) started wars of choice which they thought would bring quick victories, only to find themselves trapped in conflicts they are finding difficult to end. Two leaders (above: Russia's Vladimir Putin and the US' Donald Trump) started wars of choice which they thought would bring quick victories, only to find themselves trapped in conflicts they are finding difficult to end. https://www.businesstimes.com.sg/property/blackstone-about-take-54-loss-iconic-seattle-office-tower The Business Times en 2026-06-03T17:22:17+08:00 Blackstone is about to take a 54% loss on iconic Seattle office tower https://cassette.sphdigital.com.sg/image/businesstimes/7184c433feb10359601b80e769d300c3d52ee3dcbc4089b653ec8bc72cdc22c9 Blackstone is selling the tower, which it bought for US$612m in 2019, for about US$280m. Blackstone is selling the tower, for which it paid US$612m in 2019, for about US$280m. https://www.businesstimes.com.sg/companies-markets/its-not-just-about-pumping-money-temaseks-portfolio-firms-and-sgx-must-also-create-value-teo-chee The Business Times en 2026-06-03T17:00:00+08:00 It’s not just about pumping money - Temasek’s portfolio firms and SGX must also create value: Teo Chee Hean https://cassette.sphdigital.com.sg/image/businesstimes/7b71e708671e13ab1f8d085332ec302bffdd331f92caa21f7b6f3aeac25892c7 Temasek chairman Teo Chee Hean (centre) with CEO Dilhan Pillay (left) at the Ecosperity conference in 2025. Temasek invests in its portfolio companies when needed, and it co-invests with them when they invest too, he says. Temasek invests in its portfolio companies, and co-invests with them too, says its chairman Teo Chee Hean (centre). https://www.businesstimes.com.sg/companies-markets/geopolitical-risks-must-be-considered-investing-tech-temasek-chairman-teo-chee-hean The Business Times en 2026-06-03T17:00:00+08:00 Geopolitical risks must be considered before investing in tech: Temasek chairman Teo Chee Hean https://cassette.sphdigital.com.sg/image/businesstimes/708b49b7f3ca52f8a9896552dc6103f17e37ec43c50ca6d0f9a2a70729297851 AI will be a real game changer that is poised to create an entirely new sector of growth that will sweep across many industries, says Temasek chairman Teo Chee Hean. Teo Chee Hean says that AI will be a "real game changer" that is poised to create an entirely new sector of growth. https://www.businesstimes.com.sg/international/hiking-hotpot-lonely-consumers-china-fuel-50-billion-yuan-companionship-economy The Business Times en 2026-06-03T16:43:40+08:00 From hiking to hotpot, lonely consumers in China fuel a 50 billion yuan companionship economy https://cassette.sphdigital.com.sg/image/businesstimes/fb3457337b584eed4808710ab662adb8e295196f5285c8e37e90fd2ec0d89510 China’s prolonged youth unemployment has coincided with a growing reliance on gig and flexible work among young people. China’s prolonged youth unemployment has coincided with a growing reliance on gig and flexible work among young people. https://www.businesstimes.com.sg/esg/natural-disaster-insurance-gap-now-exceeds-us420-billion-globally-swiss-re-report The Business Times en 2026-06-03T16:39:15+08:00 Natural-disaster insurance gap now exceeds US$420 billion globally: Swiss Re report https://cassette.sphdigital.com.sg/image/businesstimes/bd5792a009c4250cf3cd7b5492c2107f423b6cd4cc850658f9d3b911e5e54c0e The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years. The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years. https://www.businesstimes.com.sg/international/czech-castles-cache-precious-wine-goes-display-new-old-bottles The Business Times en 2026-06-03T16:29:40+08:00 Czech castle’s cache of precious wine goes on display in new-old bottles https://cassette.sphdigital.com.sg/image/businesstimes/c435bbedd839114ac28dfb151e1b32bb7a3b48064adf89a6d4e0459cd24f8ec3 The 133 bottles, most dating from 1892 to 1899, were discovered in 1985, having been hidden at the end of World War II. The 133 bottles, most dating from 1892 to 1899, were discovered in 1985, having been hidden at the end of World War II. https://www.businesstimes.com.sg/international/data-centre-boom-props-australias-slowing-economy The Business Times en 2026-06-03T16:18:59+08:00 Data centre boom props up Australia’s slowing economy https://cassette.sphdigital.com.sg/image/businesstimes/52149e0b74d376dda41c4ab5af8352948f3822f8994c0b459035ec1bc09dc417 The Reserve Bank of Australia is aiming to cool activity and stave off second-round inflationary effects from higher fuel costs. The Reserve Bank of Australia is aiming to cool activity and stave off second-round inflationary effects from higher fuel costs. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/non-us-dollar-stablecoins-can-thrive-where-financial-inefficiencies-remain-including-asean-stanchart The Business Times en 2026-06-03T16:08:01+08:00 Non-US dollar stablecoins can thrive where financial inefficiencies remain, including in Asean: StanChart https://cassette.sphdigital.com.sg/image/businesstimes/ea938084157573a39288598939223d07dc7d9e1c44b24467d71ea1b35327437b US-dollar-pegged stablecoins such as Tether currently make up about 98 per cent of the global stablecoin market USD-pegged stablecoins such as Tether currently make up about 98% of the global stablecoin market. https://www.businesstimes.com.sg/lifestyle/peabo-bryson-soul-singer-known-voice-love-dies-75 The Business Times en 2026-06-03T15:54:20+08:00 Peabo Bryson, soul singer known as the Voice of Love, dies at 75 https://cassette.sphdigital.com.sg/image/businesstimes/fc15f92b921a67b65c3cfaff41dd29edcbfb17c162be5caf0e661655dd720310 Peabo Bryson's songs dealt with complex relationships and passionate love, which spoke to the adult contemporary listeners who made up the core of his fan base. Bryson's songs dealt with complex relationships and passionate love, which spoke to the adult contemporary listeners who made up the core of his fan base. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-coo-steps-down-amid-growing-audit-client-leak-scandal The Business Times en 2026-06-03T15:51:37+08:00 KPMG Australia COO steps down amid growing audit client leak scandal https://cassette.sphdigital.com.sg/image/businesstimes/c005aef4d40565db2c26d82b709fd1a06bd5b72860fc3458beb088c51c7bb760 The Australian Securities and Investments Commission has started a ​preliminary investigation into the conduct of three KPMG registered company auditors. The Australian Securities and Investments Commission has started a ​preliminary investigation into the conduct of three KPMG-registered company auditors. https://www.businesstimes.com.sg/property/uk-mortgage-approvals-hit-15-month-high-april-despite-iran-war The Business Times en 2026-06-03T15:46:13+08:00 UK mortgage approvals hit 15-month high in April despite Iran war https://cassette.sphdigital.com.sg/image/businesstimes/9cbaace1f8aa26d04fd2fb05317460fe967e8e9458012cdd235c0c56978937a2 The property market in the UK started the year on a strong footing as aspiring buyers shrugged off fears of tax rises. The property market in the UK started the year on a strong footing as aspiring buyers shrugged off fears of tax rises. https://www.businesstimes.com.sg/international/global/global-economy-risks-slump-prolonged-iran-conflict-oecd The Business Times en 2026-06-03T15:40:40+08:00 Global economy risks slump on prolonged Iran conflict: OECD https://cassette.sphdigital.com.sg/image/businesstimes/09b9962304ae76dd527bd9ba1bcc91d050ba8f5b69e59bc62da4bf7372731656 Should disruptions persist into 2027, global growth would slip to 1.8%, according to the OECD. Should disruptions persist into 2027, global growth would slip to 1.8%, according to the OECD. https://www.businesstimes.com.sg/property/chinas-real-estate-funk-dragging-down-property-service-providers-too The Business Times en 2026-06-03T15:33:01+08:00 China’s real estate funk is dragging down property service providers, too https://cassette.sphdigital.com.sg/image/businesstimes/94b61d2c2cfa4ed8c2eaaa317a28cb96a3e9dd4bd2c0dcf785a08b6a216ad772 Commercial and residential buildings are pictured in Guangzhou, China. After decades of overbuilding, many compounds in the country are now partly vacant. After decades of overbuilding, many compounds in China are now partly vacant. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-scales-back-plan-internal-mouse-tracking-tech-citing-staff-concerns The Business Times en 2026-06-03T15:31:13+08:00 Meta scales back plan for internal mouse-tracking tech, citing staff concerns https://cassette.sphdigital.com.sg/image/businesstimes/5a34aa8048d95f921252bc4bee23153bebde2cc82d8b3211aee2360be613be8c Meta announced in May that it was installing new tracking software on US-based employees’ computers to capture mouse movements, clicks and ​keystrokes for use in training its AI models. Meta announced in May that it was installing new tracking software on US-based employees’ computers to capture mouse movements, clicks and ​keystrokes for use in training its AI models. https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/bitcoins-break-tech-widens-after-strategys-sale-feeds-rout The Business Times en 2026-06-03T15:19:11+08:00 Bitcoin’s break with tech widens after strategy’s sale feeds rout https://cassette.sphdigital.com.sg/image/businesstimes/7810aeb0d01ffd3759199fd0490f43c73a5edfe5f4df6a9d291e64547a6bf330 Investors have pulled nearly US$4 billion from US-listed Bitcoin exchange-traded funds over the past 12 sessions. Investors have pulled nearly US$4 billion from US-listed Bitcoin exchange-traded funds over the past 12 sessions. https://www.businesstimes.com.sg/lifestyle/arts-design/sifa-2026-what-arts-festival-learnt-netflix The Business Times en 2026-06-03T14:59:48+08:00 Sifa 2026: What an arts festival learnt from Netflix https://cassette.sphdigital.com.sg/image/businesstimes/a7e3b56ac7977ebc342cf680a7fab2b306a384b8705edb47726827721f9f6b14 Sifa 2026 leaned into spectacle, public programming and accessible entry points, which helped draw more than 100,000 festival-goers. Sifa 2026 leaned into spectacle, public programming and accessible entry points, which helped draw more than 100,000 festival-goers. https://www.businesstimes.com.sg/companies-markets/dfis-guardian-stores-add-holland-barrett-range-uk-brand-makes-singapore-comeback The Business Times en 2026-06-03T14:33:15+08:00 DFI’s Guardian stores add Holland & Barrett range as UK brand makes Singapore comeback https://cassette.sphdigital.com.sg/image/businesstimes/06da50ffed89420c0aba4982ea258639539f342fdcc615af2629f4de825ad024 DFI, operator of Guardian in Singapore, will be Holland & Barrett's distribution partner in several Asian markets. DFI, operator of Guardian in Singapore, will be Holland & Barrett's distribution partner in several Asian markets. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-funds-buy-japan-they-flee-asias-hottest-stock-markets The Business Times en 2026-06-03T14:13:28+08:00 Global funds buy Japan as they flee Asia’s hottest stock markets https://cassette.sphdigital.com.sg/image/businesstimes/a9b50feaa25162e6852e952939622dd2088fb1e5a5bd4c589126d72b36a6904a While financial firms have been the outperformers in Japan this year, the country’s technology companies also have benefited as the popular AI trade broadened. While financial firms have been the outperformers in Japan this year, the country’s technology companies also have benefited as the popular AI trade broadened. https://www.businesstimes.com.sg/international/asean/worlds-biggest-brandy-maker-and-dalmore-owner-sees-opportunity-expand-agave-based-spirits The Business Times en 2026-06-03T14:00:00+08:00 World’s biggest brandy maker and Dalmore owner sees an opportunity to expand into agave-based spirits https://cassette.sphdigital.com.sg/image/businesstimes/a294ea7023c9aa2e578aecf17ec96d06535fbbb0628ad4ab616fb3413e4f9e66 Emperador, which owns brands such as The Dalmore, thinks changing consumer preferences could represent an opportunity for them to enter the mezcal market. Emperador, which owns brands such as The Dalmore, thinks changing consumer preferences could represent an opportunity for it to enter the mezcal market. https://www.businesstimes.com.sg/international/asean/indonesian-stocks-tumble-five-year-low-rupiah-drops-record The Business Times en 2026-06-03T13:35:48+08:00 Indonesian stocks tumble to five-year low, rupiah drops to record https://cassette.sphdigital.com.sg/image/businesstimes/2371c5f8227f432c948122cf25a90a5401bedfcda7462c13694a6846f4e81992 Materials led the declines, with a subgauge of the sector tumbling more than 9%. Materials led the declines, with a subgauge of the sector tumbling more than 10%. https://www.businesstimes.com.sg/companies-markets/us-deficits-not-de-dollarisation-reshaping-bond-markets-franklin-templeton The Business Times en 2026-06-03T13:00:00+08:00 US deficits, not de-dollarisation, reshaping bond markets: Franklin Templeton https://cassette.sphdigital.com.sg/image/businesstimes/e1b99c5e1d659952982b113d31f6e08f8e1a48c3c580e466a1984f36644c3e17 Desai sees no need to take massive bets on duration right now, saying that observers should focus on active, highly selective allocations with a strict short-duration bias. Franklin Templeton's Sonal Desai says investors should be cautious about making aggressive bets on falling interest rates. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/chinese-investors-exit-hong-kong-stocks-ai-woos-money-onshore The Business Times en 2026-06-03T12:46:47+08:00 Chinese investors exit Hong Kong stocks as AI woos money onshore https://cassette.sphdigital.com.sg/image/businesstimes/87196069eda0a5f2628d97e2def8bfb4e5409c92522a657479c4284704135741 The Hong Kong exchange, which is the most preferred venue for Chinese companies looking to raise offshore capital, was the world’s top market for IPOs last year. Investors’ patience is wearing thin after four consecutive months of Hong Kong stocks’ underperformance to onshore peers. https://www.businesstimes.com.sg/property/orchard-plot-jurong-east-ec-raffles-town-club-site-among-10-new-housing-parcels-h2-gls-plan The Business Times en 2026-06-03T12:22:03+08:00 Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan https://cassette.sphdigital.com.sg/image/businesstimes/65d2969d03d5102c6e3c062ed4cabdc5b5c6cb8de1903a8cba58c235c364b0fc The Orchard Boulevard plot is estimated to yield around 110 new private homes. The Orchard Boulevard plot is estimated to yield around 110 new private homes. https://www.businesstimes.com.sg/international/asean/philippines-scores-investment-pledges-fading-fdi-risks-missing-asean-manufacturing-boom The Business Times en 2026-06-03T12:01:01+08:00 Philippines scores investment pledges, but fading FDI risks missing Asean manufacturing boom https://cassette.sphdigital.com.sg/image/businesstimes/77b782ff05ce7fbe1cc91b60a450a4c9d46f93039effc469fbe0a2d1075c8b64 The Philippines’ approved foreign investment pledges came in at 42.6 billion pesos in the first quarter of 2026, official data shows. The Philippines’ approved foreign investment pledges came in at 42.6 billion pesos in the first quarter of 2026, official data shows. https://www.businesstimes.com.sg/international/global/singapore-could-face-12-5-us-tariff-after-forced-labour-trade-probe The Business Times en 2026-06-03T11:59:09+08:00 Singapore could face 12.5% US tariff after forced labour trade probe https://cassette.sphdigital.com.sg/image/businesstimes/cfa1423ea90384666fabae91e337e71333f2e02b8f288752ab1bab177185f025 The move will test the tolerance of the largest US economic partners, who have largely restrained from retaliating against Trump’s tariffs. Singapore also faces separate USTR investigations into acts, policies and practices relating to structural excess capacity and production in certain manufacturing sectors. https://www.businesstimes.com.sg/international/china-expands-outbound-investment-rules-cover-individuals The Business Times en 2026-06-03T11:33:36+08:00 China expands outbound investment rules to cover individuals https://cassette.sphdigital.com.sg/image/businesstimes/71455ed4fbf31f75dd4eb102071836120d9efdf80e45ba67104b3b5f7713ddd7 The regulatory overhaul comes as Beijing grows increasingly concerned about unregulated capital outflows. The regulatory overhaul comes as Beijing grows increasingly concerned about unregulated capital outflows. https://www.businesstimes.com.sg/international/asean/vietnam-posts-largest-trade-deficit-record-imports-surge The Business Times en 2026-06-03T11:28:16+08:00 Vietnam posts largest trade deficit on record as imports surge https://cassette.sphdigital.com.sg/image/businesstimes/b10a06cf264982593f0f05a1461aed74e0fc39268f037f5519669e3a16a86d9e Vietnam's Inflation quickened as a surge in global energy prices driven by the Iran war fed into transport, services and material costs. Vietnam's Inflation quickened as a surge in global energy prices driven by the Iran war fed into transport, services and material costs. https://www.businesstimes.com.sg/international/asean/indonesia-wealth-fund-danantara-taps-lenders-including-dbs-potential-us-dollar-bond-sale The Business Times en 2026-06-03T11:09:20+08:00 Indonesia wealth fund Danantara taps lenders including DBS for potential US dollar bond sale https://cassette.sphdigital.com.sg/image/businesstimes/5340c24c998cd09cdc255d0fa399e80b86e4348a9d3a698b31a13afc2ca1fffd Danantara planned to combine the asset management firms it owns, aiming to build a larger player to compete locally and across the region. Danantara was established last year in a bid to improve the efficiency of Indonesia’s powerful state-owned enterprises. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rises-softer-us-dollar-oil-markets-weigh-us-iran-peace-optimism The Business Times en 2026-06-03T10:45:26+08:00 Gold rises on softer US dollar, oil as markets weigh US-Iran peace optimism https://cassette.sphdigital.com.sg/image/businesstimes/5dbfa38bc1cd7ca86983009a086be57de7d50e933a69bc4f60161bd1e227242e Spot gold fell 0.2% to US$4,476.50 per ounce by 9.03 am in Singapore. Bullion fell as much as 0.6% to near US$4,460 an ounce, before paring losses https://www.businesstimes.com.sg/international/japan-approves-3-1-trillion-yen-extra-budget-cushion-middle-east-impact The Business Times en 2026-06-03T10:27:42+08:00 Japan approves 3.1 trillion yen extra Budget to cushion Middle East impact https://cassette.sphdigital.com.sg/image/businesstimes/ac65875ee0b8bd6c163c66d57d0d069c4548786b7f9aa552f1bde4f8801ef7ac The package underscores the growing economic impact of prolonged instability in the Middle East. The package underscores the growing economic impact of prolonged instability in the Middle East. https://www.businesstimes.com.sg/international/tiktok-billionaire-overtakes-mukesh-ambani-asias-second-richest-person The Business Times en 2026-06-03T10:16:51+08:00 TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person https://cassette.sphdigital.com.sg/image/businesstimes/070dbf4184efac3ae7842d575aa5e853fe7b317844d52ec3ea1296e0e08c1d5b ByteDance co-founder Zhang Yiming Zhang Yiming’s net worth climbs to US$92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. https://www.businesstimes.com.sg/companies-markets/vins-holdings-probe-confirms-fraud-risks-linked-s44300-irregular-transactions-involving-ex-staff The Business Times en 2026-06-03T10:02:32+08:00 Vin’s Holdings’ probe confirms fraud risks linked to S$44,300 in irregular transactions involving ex-staff https://cassette.sphdigital.com.sg/image/businesstimes/a0d5810490318a303a19feb3cc7fb2f2b10aa52abe5e62b2a5c64f0194e5ecf4 SGX listed Vin's Automotive Group display at The Car Expo May 2026 Singapore. This follows an investigation into irregular transactions made to an entity controlled by a former staff, which came to light in April. https://www.businesstimes.com.sg/companies-markets/banking-finance/stanchart-sees-growth-opportunities-firms-reduce-single-points-vulnerability The Business Times en 2026-06-03T10:00:00+08:00 StanChart sees growth opportunities as firms reduce ‘single points of vulnerability’ https://cassette.sphdigital.com.sg/image/businesstimes/c3ffde35139d2f5fe261b7b8cb2b7035c7dc0458f6d6a0996e9ef0ee25333bec Standard Chartered’s Ben Hung says the bank is “in a compounding phase of growth”. President for international Benjamin Hung says Standard Chartered is “in a compounding phase of growth”. https://www.businesstimes.com.sg/property/land-4745-private-homes-supplied-h2-2026-gls-confirmed-list-including-jurong-lake-district-white The Business Times en 2026-06-03T09:37:45+08:00 Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site https://cassette.sphdigital.com.sg/image/businesstimes/d4c68a03ea955aa1371bbf72a65bd5c30b1a6dc57aa6a2d5e01c3702e7d71503 A photo of private housing in Singapore. MND released the government land sales programme for private residential, commercial and hotel sites for second-half 2026 on Wednesday. The Ministry of National Development released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday. https://www.businesstimes.com.sg/international/global/how-chinas-wealthy-sidestep-strict-rules-get-money-out-country The Business Times en 2026-06-03T09:01:21+08:00 How China’s wealthy sidestep strict rules to get money out of the country https://cassette.sphdigital.com.sg/image/businesstimes/14c36a813d233aebc67e81614379651408cae7cca89ba21efdf692d1bdf8ac72 Concerns about China’s economic outlook and a drive by President Xi Jinping to reduce inequality have prompted many wealthy families to seek a financial foothold overseas. Individuals are generally limited to transferring US$50,000 overseas each year, while emigrants are given a one-time opportunity to move their assets abroad. https://www.businesstimes.com.sg/international/global/hostilities-flare-iran-war-oil-jumps-talks-stalemate The Business Times en 2026-06-03T08:32:09+08:00 Hostilities flare in Iran war, oil jumps with talks at a stalemate https://cassette.sphdigital.com.sg/image/businesstimes/5d5c5555e85cae3a9515e5f050b11db56b86fc3f84bd9d64c997b804c66b4575 IRGC navy also targeted a vessel it identified as Panaya with missiles in response to what it said. Since the conflict began in late February, Iran has repeatedly attacked targets in the Gulf region where US military bases are located. https://www.businesstimes.com.sg/companies-markets/stocks-watch-esr-reit-del-monte-pacific-vins-holdings The Business Times en 2026-06-03T08:28:51+08:00 Stocks to watch: ESR Reit, Del Monte Pacific, Vin’s Holdings https://cassette.sphdigital.com.sg/image/businesstimes/011a44eaaa277740ee6d47b5fcb2d9f698d88bd34d82337b616dc63865bae6d5 ESR Reit's manager announced the establishment of a S$2 billion Euro Medium Term Securities Programme on Tuesday. ESR Reit's manager announces the establishment of a two billion euro medium term securities programme. https://www.businesstimes.com.sg/companies-markets/nvidias-pc-push-carries-downside-risk-aem-dbs-maintains-buy-s11-80-target The Business Times en 2026-06-03T08:23:00+08:00 Nvidia’s PC push carries downside risk for AEM, but DBS maintains ‘buy’ with S$11.80 target https://cassette.sphdigital.com.sg/image/businesstimes/f5315aaaa20cad6f53ce10cf95a0fd0b175d8344a98101f8dde6efc195d9439e Despite the downside risk, DBS Group Research maintained its buy rating on AEM with a 12-month target price of S$11.80, unchanged from its previous report on May 13. Nvidia’s RTX Spark will add pressure to the wider client processor ecosystem where AEM’s major customers are active, say analysts. https://www.businesstimes.com.sg/companies-markets/banking-finance/asian-central-banks-turn-hawkish-ai-and-oil-shocks-hit-region The Business Times en 2026-06-03T08:10:32+08:00 Asian central banks turn hawkish as AI and oil shocks hit region https://cassette.sphdigital.com.sg/image/businesstimes/fda5c9f488b648fbe559a57e3a80b54a74e5710f05e072590ecd21b406ec3492 The Bank of Japan is widely expected to raise its benchmark interest rate at its meeting in mid-June to the highest level since 1995. The Bank of Japan is widely expected to raise its benchmark interest rate at its meeting in mid-June to the highest level since 1995. https://www.businesstimes.com.sg/international/us-appeals-trade-court-order-broad-ieepa-tariff-refunds The Business Times en 2026-06-03T07:23:42+08:00 US appeals trade court order for broad Ieepa tariff refunds https://cassette.sphdigital.com.sg/image/businesstimes/eca544ec1af3da2c972caa8fdf45e7aa79ac3748a4ae56be688c6f6b76b7e0ab Trade lawyers have expressed concerns for months that the Trump administration’s plan for refunds would place too much of the burden on importers to act. Trade lawyers have expressed concerns for months that the Trump administration’s plan for refunds would place too much of the burden on importers to act. https://www.businesstimes.com.sg/companies-markets/encouraging-momentum-fund-managers-singapores-s6-5-billion-equity-push-amid-volatile-markets The Business Times en 2026-06-03T07:00:00+08:00 ‘Encouraging momentum’: Fund managers on Singapore’s S$6.5 billion equity push amid volatile markets https://cassette.sphdigital.com.sg/image/businesstimes/f3bd1e0b0b4691e61f5edbeffe823ff84909907143cc71511b63ef5e57a40807 MAS is expected to appoint a third batch of asset managers under EQDP in the coming weeks, in line with its target to do so by end-June. MAS is expected to appoint a third batch of asset managers under EQDP in the coming weeks, in line with its target to do so by end-June. https://www.businesstimes.com.sg/opinion-features/columns/markets-are-ignoring-warning-signs The Business Times en 2026-06-03T07:00:00+08:00 Markets are ignoring warning signs https://cassette.sphdigital.com.sg/image/businesstimes/25b4ad3b6416b61b588fb7653a057696d7256bc39214eeb07ba58a2449b2e628 stock markets Wall Street continues climbing to fresh highs despite the ongoing Iran conflict and the very real possibility that sustained high oil prices could reignite inflation. https://www.businesstimes.com.sg/opinion-features/kevin-warshs-fed-regime-change-comes-catch The Business Times en 2026-06-03T07:00:00+08:00 Kevin Warsh’s Fed regime change comes with a catch https://cassette.sphdigital.com.sg/image/businesstimes/44037e7c2c39117638d94058b8b2857956535be2ab576d874fd1261b4197d05a Kevin Warsh, chairman of the US Federal Reserve, speaks during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Warsh, who's promised the biggest shakeup in decades at the US central bank, takes over at a tense moment for the economy and the central bank. Warsh has long argued that the central bank should aggressively shrink its US$6.7 trillion balance sheet, bloated by years of bond buying. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-reveals-new-quantum-chip-made-ai-says-it-will-have-systems-2029 The Business Times en 2026-06-03T06:47:37+08:00 Microsoft reveals new quantum chip made with AI, says it will have systems by 2029 https://cassette.sphdigital.com.sg/image/businesstimes/609636d17a38188863ee53fd18872e60a77b152599171735e0255b86c74a4211 Microsoft’s approach to quantum computing relies on quasiparticles known as Majoranas, which had not been proven to exist until Microsoft claimed to have observed them. Microsoft’s approach to quantum computing relies on quasiparticles known as Majoranas, which had not been proven to exist until Microsoft claimed to have observed them. https://www.businesstimes.com.sg/international/global/oil-prices-rise-one-week-high-iran-reviews-us-proposal-halt-war The Business Times en 2026-06-03T06:18:35+08:00 Oil prices rise to one-week high as Iran reviews US proposal to halt war https://cassette.sphdigital.com.sg/image/businesstimes/5bb1b3d7af2b82522f2599d22adb8e1d690bf55ca62b1fda4bb909d8c3c3c6e8 Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace. Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-modestly-higher-ai-zeal-overcomes-middle-east-jitters The Business Times en 2026-06-03T05:55:58+08:00 Wall Street ends modestly higher as AI zeal overcomes Middle East jitters https://cassette.sphdigital.com.sg/image/businesstimes/25212e0ca64d571b0ea9741ba9dcdb5287b23812d066f499e58831e98e6125f4 The S&P 500 posted 29 new 52-week highs and 17 new lows while the Nasdaq Composite recorded 134 new highs and 96 new lows. Small-cap stocks have been some of the biggest beneficiaries of the ongoing enthusiasm surrounding AI stocks. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-rise-stmicroelectronics-lifts-tech-inflation-backs-ecb-hike-bets The Business Times en 2026-06-03T05:44:01+08:00 European shares rise as STMicroelectronics lifts tech; inflation backs ECB hike bets https://cassette.sphdigital.com.sg/image/businesstimes/9ac999c6cea4911f9038c99b38c0796f836b07541cf1356b802ec0959260e147 The pan-European Stoxx 600 index rose 0.7% to 625.34 points. The pan-European Stoxx 600 index rose 0.7% to 625.34 points. https://www.businesstimes.com.sg/international/us-job-openings-jump-nearly-two-year-high-layoffs-fall The Business Times en 2026-06-02T23:15:29+08:00 US job openings jump to nearly two-year high as layoffs fall https://cassette.sphdigital.com.sg/image/businesstimes/ba5c735c5c1eebee3568b805ee680b5edb5cd2ccdd9c49c92474188d00d13a18 The overall number of hires fell to 5.1 million, partly unwinding a surge in March, while layoffs moderated to 1.7 million. The overall number of hires fell to 5.1 million, partly unwinding a surge in March, while layoffs moderated to 1.7 million. https://www.businesstimes.com.sg/international/oil-drops-iran-reviews-proposed-us-agreement The Business Times en 2026-06-02T22:32:30+08:00 Oil drops as Iran reviews proposed US agreement https://cassette.sphdigital.com.sg/image/businesstimes/69e4b4178f12536a0192bab30c9a2a2917ebf7466ee6aa44ba9b3f21fdd323d5 US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week will be in place. US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week would be in place. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-pull-back-traders-evaluate-new-middle-east-developments The Business Times en 2026-06-02T22:31:30+08:00 US stocks pull back as traders evaluate new Middle East developments https://cassette.sphdigital.com.sg/image/businesstimes/c6f89176c2be5f8d855fb895cdf6020434d133b6c31d34a1aecb14d294cadece Shares of Hewlett Packard Enterprise are up 25% after the company's outlook for annual sales topped estimates. Shares of Hewlett Packard Enterprise are up 25% after the company's outlook for annual sales topped estimates. https://www.businesstimes.com.sg/companies-markets/victorias-secret-soars-turnaround-powers-upbeat-annual-forecasts The Business Times en 2026-06-02T22:00:03+08:00 Victoria’s Secret soars as turnaround powers upbeat annual forecasts https://cassette.sphdigital.com.sg/image/businesstimes/deb085e1af224512f34f33dd7afd7f254ec595fb76277e6de6cdb75666674593 Victoria’s Secret has revived its popular annual runway show after a six-year hiatus. Victoria’s Secret has revived its popular annual runway show after a six-year hiatus. https://www.businesstimes.com.sg/international/asean/indonesian-business-groups-call-clarity-about-new-commodity-export-rules The Business Times en 2026-06-02T21:39:58+08:00 Indonesian business groups call for clarity about new commodity export rules https://cassette.sphdigital.com.sg/image/businesstimes/ca88b1b36f8cc5c871440deee646463ace819dcbc4d0b2a2dbeb5cf21ac528ef President Prabowo Subianto on May 20 announced that Indonesia would centralise exports of strategic commodities through Danantara Sumberdaya Indonesia. President Prabowo Subianto on May 20 announced that Indonesia would centralise exports of strategic commodities through Danantara Sumberdaya Indonesia. https://www.businesstimes.com.sg/singapore/economy-policy/singapores-pmi-inches-51-may-electronics-sector-maintains-growth The Business Times en 2026-06-02T21:00:00+08:00 Singapore’s PMI inches up to 51 in May as electronics sector maintains growth https://cassette.sphdigital.com.sg/image/businesstimes/7ff1a22ca6049d5edec75bef758d121e3c75ce8e043348bd764b2c2132f5d47f singapore manufacturing Many regional economies picked up in May, though China and Malaysia both declined. https://www.businesstimes.com.sg/international/iran-studying-deal-halt-war-stalemate-persists The Business Times en 2026-06-02T20:55:28+08:00 Iran studying deal to halt war as stalemate persists https://cassette.sphdigital.com.sg/image/businesstimes/9b46a60e51c3cc08a597923607c7871368777da885ba6c552bbf76f90bed2c53 A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week. A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week. https://www.businesstimes.com.sg/international/tesla-extends-chinese-made-ev-growth-sales-surge-may The Business Times en 2026-06-02T20:48:35+08:00 Tesla extends Chinese-made EV growth as sales surge in May https://cassette.sphdigital.com.sg/image/businesstimes/c9ef5f98219c81c8f186b1f17cdbe165c57b68b6687d7d583ce7009ee625a9a5 Tesla's new registrations rebounded in several European markets in May, extending a recovery after earlier demand weakness in the continent. Tesla's new registrations rebounded in several European markets in May, extending a recovery after earlier demand weakness in the continent. https://www.businesstimes.com.sg/companies-markets/energy-commodities/iea-sees-possibility-critically-low-oil-stockpiles-ahead-peak-summer-demand The Business Times en 2026-06-02T20:25:24+08:00 IEA sees possibility of critically low oil stockpiles ahead of peak summer demand https://cassette.sphdigital.com.sg/image/businesstimes/a3587e4091fa7c771746d61f84516350a7d0df8ce1d67b22acfe4512feb3a192 It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official. It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official. https://www.businesstimes.com.sg/international/un-urges-world-be-ready-extreme-heat-risk-el-nino The Business Times en 2026-06-02T20:16:54+08:00 UN urges the world to be ready for extreme heat risk from El Nino https://cassette.sphdigital.com.sg/image/businesstimes/2e6b41cad183e27cccf1b7c0493244859a35575b55dba5078135b32b440a3e13 WMO secretary-general Celeste Saulo says a strong El Nino will "exacerbate drought and heavy rainfall and increase the risk of heatwaves". WMO secretary-general Celeste Saulo says a strong El Nino will "exacerbate drought and heavy rainfall and increase the risk of heatwaves".