https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/openai-broadcom-unveil-chip-run-models-faster-cheaper The Business Times en 2026-06-24T23:07:57+08:00 OpenAI, Broadcom unveil chip to run models faster, cheaper https://cassette.sphdigital.com.sg/image/businesstimes/6699589f2c16751946f3320f8182778febf4dac91b96dc1b0d8a6c75b70e31db OpenAI plans to spend tens of billions of dollars on Broadcom chips. OpenAI plans to spend tens of billions of dollars on Broadcom chips. https://www.businesstimes.com.sg/property/us-new-home-sales-unexpectedly-fall-may The Business Times en 2026-06-24T22:40:41+08:00 US new home sales unexpectedly fall in May https://cassette.sphdigital.com.sg/image/businesstimes/ca55553d9d299d7d74f7a70377915f490a6946970719bac13f9e236cbb4870fb The median new house price of US$424,900 in May was little changed from a year earlier. The median new house price of US$424,900 in May was little changed from a year earlier. https://www.businesstimes.com.sg/international/us-online-spending-hits-us8-3-billion-amazon-prime-day-kicks-adobe-says The Business Times en 2026-06-24T22:01:37+08:00 US online spending hits US$8.3 billion as Amazon Prime Day kicks off, Adobe says https://cassette.sphdigital.com.sg/image/businesstimes/f94e65426c319d9f2410f14509b9a78f3521b65efdba7c40c8788d6449b536b6 Online spending on Tuesday is tracking ahead of its projections and marks the biggest e-commerce day so far in 2026, Adobe said. Online spending on Tuesday is tracking ahead of its projections and marks the biggest e-commerce day so far in 2026, Adobe said. https://www.businesstimes.com.sg/companies-markets/wall-st-subdued-tech-steadies-micron-earnings-focus The Business Times en 2026-06-24T21:45:27+08:00 Wall St subdued as tech steadies, Micron earnings in focus https://cassette.sphdigital.com.sg/image/businesstimes/25a5fc96c59d26410ae771691bb92cdb06233b135975d8bea17c8fedeeb3715d The Dow Jones Industrial Average fell 6.1 points, or 0.01 per cent, at the open to 51,660.75. The Dow Jones Industrial Average fell 6.1 points, or 0.01 per cent, at the open to 51,660.75. https://www.businesstimes.com.sg/companies-markets/energy-commodities/brent-hits-lowest-start-iran-war-expectations-smoother-oil-flows-hormuz The Business Times en 2026-06-24T21:18:39+08:00 Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/d03c3ed880a855787b67e5c114bb105b25f2dd75fa09daf3799aea6e174df736 Brent crude futures were down US$2.32, or 3.01 per cent, at US$74.76 a barrel by 1218 GMT on Wednesday. Brent crude futures were down US$2.32, or 3.01 per cent, at US$74.76 a barrel by 1218 GMT on Wednesday. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/binance-vows-stay-europe-despite-licence-setback The Business Times en 2026-06-24T21:16:10+08:00 Binance vows to stay in Europe despite licence setback https://cassette.sphdigital.com.sg/image/businesstimes/9f8af68b0829f9d8ffbd2f25b9ee9eb2c67bb5760d9143160a7abc231e50dc56 Officials are concerned about the company’s past penalties for money laundering, its complex international structure and what they viewed as a risk-taking culture. Officials are concerned about the company’s past penalties for money laundering, its complex international structure and what they viewed as a risk-taking culture. https://www.businesstimes.com.sg/international/iran-energy-shock-cut-eurozone-growth-0-4-percentage-point-ecb The Business Times en 2026-06-24T21:11:41+08:00 Iran energy shock to cut eurozone growth by 0.4 percentage point: ECB https://cassette.sphdigital.com.sg/image/businesstimes/7ede6d921ba117bf5bfdd01362c535edda0cdd080a56e7e901bc6b8853220825 The European Central Bank expects the eurozone economy to grow by 0.8% this year, 1.2% in 2027 and 1.5% in 2028. The European Central Bank expects the eurozone economy to grow by 0.8% this year, 1.2% in 2027 and 1.5% in 2028. https://www.businesstimes.com.sg/international/asean/quest-global-capital-vietnam-eyes-msci-upgrade-indonesia-fights-downgrade-risk The Business Times en 2026-06-24T21:05:58+08:00 The quest for global capital: Vietnam eyes MSCI upgrade as Indonesia fights downgrade risk https://cassette.sphdigital.com.sg/image/businesstimes/ebb54ec799c42e1195b8ff158797a2b479f7c68a56e00a8e290b96bf475274af Indonesia Stock Exchange and Ho Chi Minh Stock Exchange The two markets have fared very differently this year, with the Jakarta Composite Index slumping nearly 30% and the VN-Index rallying almost 50%. https://www.businesstimes.com.sg/international/global/chinese-ev-makers-are-shut-out-india-their-tech-isnt The Business Times en 2026-06-24T20:13:41+08:00 Chinese EV makers are shut out of India – but their tech isn’t https://cassette.sphdigital.com.sg/image/businesstimes/cb2deefa3d0d8a62f460feb5bd31b98913b98a91a665d194273fabed52ff280b Tata Motors says that it will use Chery’s carmaking platform to manufacture premium EVs in India. Tata Motors says that it will use Chery’s carmaking platform to manufacture premium EVs in India. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-microsoft-lead-us850-billion-boom-data-centre-leases The Business Times en 2026-06-24T20:07:47+08:00 Meta, Microsoft lead US$850 billion boom in data centre leases https://cassette.sphdigital.com.sg/image/businesstimes/93299bad7a3029e3aabf05a1c49a2735104e18cec398878bcf34283995060723 Meta added US$79 billion in new data centre commitments, bringing the total to US$182.9 billion as of March 31. Meta added US$79 billion in new data centre commitments, bringing the total to US$182.9 billion as of March 31. https://www.businesstimes.com.sg/international/asean/ringgit-sinks-seven-month-low-despite-record-bond-inflows-fed-fears-dominate The Business Times en 2026-06-24T19:49:25+08:00 Ringgit sinks to seven-month low despite record bond inflows as Fed fears dominate https://cassette.sphdigital.com.sg/image/businesstimes/7cf4ae899545bec22ff5196393111252dcf6a904df2d26fac455303ea6854e5b CMG20251118-HengYY01 /王彦燕/ 马币、令吉[SPH] Singapore Dollars & Malaysia Ringgit bills,Singapore’s strong exchange rate，currency兑换率、马币、新元 Malaysia Ringgit 马来西亚令吉、马币 The ringgit has weakened in spite of robust domestic fundamentals, including stronger trade data and steady inflation. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/qualcomm-talks-provide-custom-chip-design-services-bytedance-sources The Business Times en 2026-06-24T19:36:31+08:00 Qualcomm in talks to provide custom chip-design services to ByteDance: sources https://cassette.sphdigital.com.sg/image/businesstimes/05cd1fab7596826786808f6c2c6508a0a0ea79b1efd4f7b7d95d15afeae71acd Qualcomm is the world’s largest supplier of smartphone modem chips, which manage cellular communications. Qualcomm is the world’s largest supplier of smartphone modem chips, which manage cellular communications. https://www.businesstimes.com.sg/international/chinas-coal-power-rise-again-2026-reversing-first-decade-decline The Business Times en 2026-06-24T19:33:39+08:00 China's coal power on the rise again in 2026, reversing first-in-a-decade decline https://cassette.sphdigital.com.sg/image/businesstimes/0fb5eea431acddc91cbf7e2ebb92bd7c309fcc16d4934123b84eb51ee84850d4 The world’s biggest power consumer increased its usage of thermal power by 3.4 per cent year-on-year in the first five months of the year to 2.53 trillion kilowatt-hours. The world’s biggest power consumer increased its usage of thermal power by 3.4 per cent year-on-year in the first five months of the year to 2.53 trillion kilowatt-hours. https://www.businesstimes.com.sg/property/buyer-england-striker-harry-kanes-former-mansion-must-pay-ps3-4-million-after-abandoning-deal The Business Times en 2026-06-24T19:27:19+08:00 Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal https://cassette.sphdigital.com.sg/image/businesstimes/70808f351c0fb9cb8ba0dcd4eeeb20c730b361009cd9ca4982bd6004102e40be The house sits on a road just off Bishops Avenue, a north London street known as “Billionaire’s Row”. The house sits on a road just off Bishops Avenue, a north London street known as “Billionaire’s Row”. https://www.businesstimes.com.sg/companies-markets/uob-sets-tech-oversight-committee-board-reshuffle The Business Times en 2026-06-24T19:26:45+08:00 UOB sets up tech oversight committee in board reshuffle https://cassette.sphdigital.com.sg/image/businesstimes/df950fcf8582cd03f2456e2d0521e464e5582e12d40baecb304e4286556d31aa UOB's new Board Technology Committee will guide the bank's technology and digital strategy. UOB's new Board Technology Committee will oversee the bank's technology risk management, operational resilience and governance. https://www.businesstimes.com.sg/international/deadly-heatwave-grips-europe The Business Times en 2026-06-24T19:23:12+08:00 Deadly heatwave grips Europe https://cassette.sphdigital.com.sg/image/businesstimes/6a6075dc70411cd2e483e4abea3b10384a7acf74dbcd20344b69eab1faa3ce0f In Britain, on course for its hottest June day ever, the Met Office weather service issued only the second extreme-heat weather warning in history. In Britain, on course for its hottest June day ever, the Met Office weather service issued only the second extreme-heat weather warning in history. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-sti-0-2 The Business Times en 2026-06-24T19:09:31+08:00 Singapore stocks close higher; STI up 0.2% https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 Across the broader market, gainers outnumber losers 306 to 251, after 1.2 billion securities worth S$1.9 billion change hands. Across the broader market, gainers outnumber losers 306 to 251, after 1.2 billion securities worth S$1.9 billion change hands. https://www.businesstimes.com.sg/companies-markets/jpmorgan-appoints-new-co-heads-south-east-asia-investment-banking The Business Times en 2026-06-24T18:58:57+08:00 JPMorgan appoints new co-heads for South-east Asia investment banking https://cassette.sphdigital.com.sg/image/businesstimes/a3b7ea9c0ce4d712cb5700e680c4ebacdbac29a286c0baa44618df696296500f Kelvin Goh, head of Asia-Pacific financial institutions group, and Alfons Halim, head of Asia-Pacific real estate for investment banking, will retain their current roles and take on the additional titles of co-heads. In 2025, JPMorgan ranked second for equity capital market underwriting, and third for dealmaking activity in the Asia-Pacific region excluding Japan, according to data from the London Stock Exchange Group published in January. https://www.businesstimes.com.sg/companies-markets/vicoms-long-serving-ceo-sim-wing-yew-retire-deputy-step The Business Times en 2026-06-24T18:45:45+08:00 Vicom’s long-serving CEO Sim Wing Yew to retire, deputy to step up https://cassette.sphdigital.com.sg/image/businesstimes/2c242e0cfdb7ec93a789bd46f98dcc8c7288b27e0598fcec34f66bf3ec82ba92 Sim Wing Yew, chief executive of Vicom, will be stepping down as chief executive office after 14 years at the helm. Sim Wing Yew, chief executive of Vicom, will be stepping down after 14 years at the helm. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-241 The Business Times en 2026-06-24T18:45:00+08:00 Daily Debrief: What Happened Today (Jun 24) https://cassette.sphdigital.com.sg/image/businesstimes/292c0f4975702eb2d50e4aee4a3967170534471b52a61aefe0eccb151c7d99d3 From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong, and Acting Minister for Culture, Community and Youth David Neo at a press briefing on the Economic Strategy Review's midterm update in January. From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong, and Acting Minister for Culture, Community and Youth David Neo at a press briefing on the Economic Strategy Review's midterm update in January. https://www.businesstimes.com.sg/singapore/ceo-sing-lun-industrial-mark-lee-elected-sbf-chairman-2026-2028 The Business Times en 2026-06-24T18:38:06+08:00 CEO of Sing Lun Industrial Mark Lee elected as SBF chairman from 2026 to 2028 https://cassette.sphdigital.com.sg/image/businesstimes/54cb602ebcca50e1b0b820f9077a6526a8bc40d0eb32b43f0a58ea2584a0d528 Above: CEO of Sing Lun Industrial Mark lee. Mark Lee, the CEO of Sing Lun Industrial, was elected chairman of the Singapore Business Federation at the federation's annual general meeting on Wednesday (Jun 24). https://www.businesstimes.com.sg/wealth/wealth-investing/ai-cant-match-human-advisers-wealthy-clients-hsbc-survey-shows The Business Times en 2026-06-24T18:01:20+08:00 AI can’t match human advisers for wealthy clients, HSBC survey shows https://cassette.sphdigital.com.sg/image/businesstimes/bd30163a85726733adbb10bdd58cd7c6d6074873984d6ec1cebe629bbbdaec14 The HSBC survey shows that 62 per cent of wealthy people still turn to human professionals as the main source of investment ideas. The HSBC survey shows that 62% of wealthy people still turn to human professionals as the main source of investment ideas. https://www.businesstimes.com.sg/opinion-features/andy-burnham-wants-change-define-his-leadership The Business Times en 2026-06-24T18:00:00+08:00 Andy Burnham wants change to define his leadership https://cassette.sphdigital.com.sg/image/businesstimes/436aae3e11fb08b75902cd5c4a94f3aa99c2767b504cdf35f473300c0a4851d5 It is unclear how much Andy Burnham's popularity in north-west England, home to Manchester, will extend to other areas of the UK. It is unclear how much Andy Burnham's popularity in north-west England, home to Manchester, will extend to other areas of the UK. https://www.businesstimes.com.sg/international/german-business-sentiment-rises-june-ifo-says The Business Times en 2026-06-24T17:54:05+08:00 German business sentiment rises in June, Ifo says https://cassette.sphdigital.com.sg/image/businesstimes/cf958e12f6cba28d83ceba0e67263bcc47f929c9ccafc19a0bf2e8f9262439a4 The rise suggests that the impact of the US-Israeli war on Iran on activity is easing. The rise suggests that the impact of the US-Israeli war on Iran on activity is easing. https://www.businesstimes.com.sg/international/australias-central-bank-still-has-work-do-reduce-inflation-deputy-governor-says The Business Times en 2026-06-24T17:44:34+08:00 Australia’s central bank still has work to do to reduce inflation, deputy governor says https://cassette.sphdigital.com.sg/image/businesstimes/a7d69839432e90ae3efb9bd945fbb57c76f05804eac34a1b1b16bc92b4a70032 Signs show that the labour market in Australia is cooling, with the unemployment rate edging up to a 4½-year high of 4.5 per cent in April. Signs show that the labour market in Australia is cooling, with the unemployment rate edging up to a 4½-year high of 4.5 per cent in April. https://www.businesstimes.com.sg/singapore/singapore-releases-economic-strategy-review-final-report-more-detailed-proposals The Business Times en 2026-06-24T17:37:46+08:00 Singapore releases Economic Strategy Review Final Report with more detailed proposals https://cassette.sphdigital.com.sg/image/businesstimes/ce5a4d663b0566aa50fd8149dd342c3f4684113bb899ccf3b6dea90275c0aef4 Acting Minister for Transport Jeffrey Siow (left), Deputy Prime Minister Gan Kim Yong (middle), and Acting Minister for Culture, Community and Youth David Neo (right) at a press briefing during the mid-term update of the Economic Strategy Review. From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong and Acting Minister for Culture, Community and Youth David Neo meeting the media to deliver the midterm update on the Economic Strategy Review in January. https://www.businesstimes.com.sg/international/intense-ai-use-still-rare-among-eurozone-firms-ecb-researchers-find The Business Times en 2026-06-24T17:34:12+08:00 Intense AI use still rare among eurozone firms, ECB researchers find https://cassette.sphdigital.com.sg/image/businesstimes/8e72f8df09b22ee89f70a698d3b14986c83065e9d881fe908491e01751c06769 Younger firms used AI more intensely than older companies and use was skewed towards high-tech, knowledge-intensive services, the survey found. Younger firms used AI more intensely than older companies and use was skewed towards high-tech, knowledge-intensive services, the survey found. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sk-hynix-seeks-45-45-trillion-won-us-listing-fund-ai-boom The Business Times en 2026-06-24T17:18:00+08:00 SK Hynix seeks 45.45 trillion won with US listing to fund AI boom https://cassette.sphdigital.com.sg/image/businesstimes/5442302fb4013954b0b4a48f425c7de45fc754e82d0517e2dd5ff012b83155b6 SK Hynix expects trading to start on Jul 10, according to a regulatory filing on Wednesday (Jun 24). SK Hynix expects trading to start on Jul 10, according to a regulatory filing on Wednesday (Jun 24). https://www.businesstimes.com.sg/international/trump-calls-probe-petrol-price-gouging The Business Times en 2026-06-24T17:09:31+08:00 Trump calls for probe into petrol price ‘gouging’ https://cassette.sphdigital.com.sg/image/businesstimes/78d4b4d3df3776a849bc9c28d772a72fdb9c92e59988d2cb37e2790b62695e29 The average price of petrol in the US is US$3.906 a gallon on Jun 24, GasBuddy data shows, down more than 14% from May. The average price of petrol in the US is US$3.906 a gallon on Jun 24, GasBuddy data shows, down more than 14% from May. https://www.businesstimes.com.sg/opinion-features/dont-park-bus-s-reits-now-time-goal-rush The Business Times en 2026-06-24T17:08:27+08:00 Don’t ‘park the bus’ with S-Reits. Now is the time for a goal rush https://cassette.sphdigital.com.sg/image/businesstimes/06bde422a27b07e41d25f485ac0c845875eed732537f9feb9be650ecf2155926 Uruguay were stunned by Cape Verde's defending heroics. But investors should consider going on the offensive. Uruguay were stunned by Cape Verde's defending heroics at the World Cup. But investors should consider going on the offensive. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singapore-tech-unfazed-global-sell-low-ai-exposure-supportive-macro-data The Business Times en 2026-06-24T17:05:59+08:00 Singapore tech unfazed by global sell-off on low AI exposure, supportive macro data https://cassette.sphdigital.com.sg/image/businesstimes/1c56a1e15fbe81abbc5fcc873d2d37f8f19e2e3df6bb953f39f89ea7adfd273c Asian stocks fell sharply on Tuesday, with the drop particularly stark in South Korea, where the Kospi plunged over 6% before rebounding on Wednesday morning. Asian stocks fell sharply on Tuesday, with the drop particularly stark in South Korea, where the Kospi plunged over 6% before rebounding on Wednesday morning. https://www.businesstimes.com.sg/international/trump-defends-unfreezing-iran-funds-part-deal The Business Times en 2026-06-24T17:00:41+08:00 Trump defends unfreezing Iran funds as part of deal https://cassette.sphdigital.com.sg/image/businesstimes/f2a6ebd6cf7f627fc0283a9e72e65b03873f88faae9db8ac1c42cca394726e0b US President Donald Trump has said in a social media post that Iran had agreed to the "highest level nuclear inspections long into the future". US President Donald Trump has said in a social media post that Iran had agreed to the "highest level nuclear inspections long into the future". https://www.businesstimes.com.sg/international/asean/haze-beckons-south-east-asias-planters-come-under-strain-godzilla-el-nino-may-just-be-start The Business Times en 2026-06-24T16:55:56+08:00 Haze beckons as South-east Asia’s planters come under strain. A ‘Godzilla’ El Nino may just be the start https://cassette.sphdigital.com.sg/image/businesstimes/edf07f9cae2e7951bb36415e8dce6340cc5fd4d0a17ceb5f23f7722035b4d49b Market pressures have squeezed margins for agricultural producers, which could prompt growers to turn to the cost-cutting “slash-and-burn” methods of clearing land. Market pressures have squeezed margins for agricultural producers, which could prompt growers to turn to cost-cutting “slash-and-burn” methods of clearing land. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/netherlands-lobbies-us-drop-chip-curbs-targeting-asml-sales-china The Business Times en 2026-06-24T16:48:51+08:00 Netherlands lobbies US to drop chip curbs targeting ASML sales to China https://cassette.sphdigital.com.sg/image/businesstimes/b054ca87a61cc40f442167e3223aeb449f4c88b3813bce0721cfc987d89c95a1 The Dutch government is keen to protect Veldhoven, Netherlands-based ASML, which is Europe’s most valuable company. The Dutch government is keen to protect Veldhoven, Netherlands-based ASML, which is Europe’s most valuable company. https://www.businesstimes.com.sg/companies-markets/dbs-provides-us210-million-loan-energy-transition-partnership-under-singapores-blended-finance The Business Times en 2026-06-24T16:39:03+08:00 DBS provides US$210 million loan to energy transition partnership under Singapore’s blended finance initiative https://cassette.sphdigital.com.sg/image/businesstimes/db76227e27247060315e8b2d2877f652bf4e4c384aefe910f33d44aa16b0430b Earlier in May, DBS contributed US$75 million to Fast-P's flagship Green Investments Partnership fund. Earlier in May, DBS contributed US$75 million to Fast-P's flagship Green Investments Partnership fund. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nikkei-falls-fed-rate-hike-bets-tech-valuation-concerns The Business Times en 2026-06-24T16:37:34+08:00 Nikkei falls on Fed rate-hike bets, tech valuation concerns https://cassette.sphdigital.com.sg/image/businesstimes/99ac7c0d311ba251ea1541b29f1333e1f7c588cc28cda3cc7d5aecd320fcee5f The Nikkei 225 slid 0.88 per cent to close at 69,174.97 on Wednesday, retreating further from a record high reached on Monday. The Nikkei 225 slid 0.88 per cent to close at 69,174.97 on Wednesday, retreating further from a record high reached on Monday. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/airpods-maker-luxshare-gauges-interest-us3-billion-hong-kong-listing The Business Times en 2026-06-24T16:34:15+08:00 AirPods maker Luxshare gauges interest for US$3 billion Hong Kong listing https://cassette.sphdigital.com.sg/image/businesstimes/a6d62667694d36201e7b0b988e3292ac1d1c795aec57d90ed0d93c5143607bcc The firm's shares in Shenzhen have more than doubled over the past year, giving it a market capitalisation of more than US$77 billion. The firm's shares in Shenzhen have more than doubled over the past year, giving it a market capitalisation of more than US$77 billion. https://www.businesstimes.com.sg/companies-markets/transport-logistics/airbus-a380-aircraft-require-checks-possible-wing-cracks The Business Times en 2026-06-24T16:17:28+08:00 Airbus A380 aircraft require checks for possible wing cracks https://cassette.sphdigital.com.sg/image/businesstimes/5eca3bc15697478f45904369e549dd0d3d2aab5abd03a13aa381420e3b86cf0d “It has been determined that the cracks found on certain aeroplanes could reduce the structural integrity of the wing,” the European Union Aviation Agency said. “It has been determined that the cracks found on certain aeroplanes could reduce the structural integrity of the wing,” the European Union Aviation Agency said. https://www.businesstimes.com.sg/international/bank-japans-governor-ueda-reiterates-risk-inflation-exceeding-2-target-signals-further-rate-hikes The Business Times en 2026-06-24T16:15:50+08:00 Bank of Japan’s governor Ueda reiterates risk of inflation exceeding 2% target, signals further rate hikes https://cassette.sphdigital.com.sg/image/businesstimes/4eeeecbae3a64b388a29e2ade0f60674f635bb7b9d757e52f8384df3f7516143 “With underlying inflation moving towards 2 per cent and financial conditions remaining accommodative," BOJ governor Kazuo Ueda said in speech. “With underlying inflation moving towards 2 per cent and financial conditions remaining accommodative," BOJ governor Kazuo Ueda said in speech. https://www.businesstimes.com.sg/property/china-developer-shimaos-hong-kong-hotels-seized-and-put-sale-lenders The Business Times en 2026-06-24T16:10:15+08:00 China developer Shimao’s Hong Kong hotels seized and put on sale by lenders https://cassette.sphdigital.com.sg/image/businesstimes/d3e4f7cceaa3c88a2714db130747e02e9764e0277ca10ec2e3626dbdef145337 The Four Points by Sheraton hotel in Hong Kong. The Four Points by Sheraton hotel in Hong Kong. https://www.businesstimes.com.sg/international/global/asias-demand-middle-eastern-oil-slows-after-three-week-buying-spree The Business Times en 2026-06-24T15:50:23+08:00 Asia’s demand for Middle Eastern oil slows after three-week buying spree https://cassette.sphdigital.com.sg/image/businesstimes/3eef416f385deb93ae1aac5814d472811736d9d2a2b8cd6462ba6b15d7267480 Some in the market are assessing whether storing crude could be an option for the impending wave of supply. Some in the market are assessing whether storing crude could be an option for the impending wave of supply. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-muted-investors-assess-us-iran-talks The Business Times en 2026-06-24T15:45:38+08:00 European shares muted as investors assess US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index edged 0.02 per cent lower to 634.50 points by 0715 GMT on Wednesday. The Stoxx 600 index edged 0.02 per cent lower to 634.50 points by 0715 GMT on Wednesday. https://www.businesstimes.com.sg/companies-markets/banking-finance/japan-plans-better-manage-war-chest-yen-intervention The Business Times en 2026-06-24T15:33:18+08:00 Japan plans to better manage war chest for yen intervention https://cassette.sphdigital.com.sg/image/businesstimes/876e61945c5872729985df4d63c466a477c6ae1040eee245967ccbb5e66663b4 The plans reflect the government’s desire to boost returns on the reserves and help replenish its tattered finances. Tokyo resumed massive intervention in late April when the currency slid past 160 per dollar, with a US$73 billion yen-buying operation, leading to a record 5.6% drop in reserves in May, https://www.businesstimes.com.sg/international/rbi-governor-says-it-premature-discuss-rate-hikes The Business Times en 2026-06-24T15:28:32+08:00 RBI governor says it is premature to discuss rate hikes https://cassette.sphdigital.com.sg/image/businesstimes/8c366c3106d4baafcc5052f0e06e689c9ed23bdc7459183cd8d02b0413b5d3d4 Reserve Bank of India (RBI) governor Sanjay Malhotra says the monetary policy committee is keeping a close eye on both monsoon and crude prices.  Reserve Bank of India governor Sanjay Malhotra says the monetary policy committee is keeping a close eye on both monsoon and crude prices. https://www.businesstimes.com.sg/companies-markets/banking-finance/temaseks-seatown-oman-wealth-fund-invest-vinpearls-us255-million-private-credit The Business Times en 2026-06-24T15:25:45+08:00 Temasek’s SeaTown, Oman wealth fund invest in Vinpearl’s US$255 million private credit https://cassette.sphdigital.com.sg/image/businesstimes/20fc635e1eb90700537152e3e4b41c5058700d7c2ec3e95794212c1e01d03710 The proceeds will provide additional resources for the long-term expansion plans of Vinpearl, Vingroup’s hospitality arm. The proceeds will provide additional resources for the long-term expansion plans of Vinpearl, Vingroup’s hospitality arm. https://www.businesstimes.com.sg/international/asean/targeted-credit-relief-vietnam-steers-funding-vingroup-sun-group-masterise-megaprojects The Business Times en 2026-06-24T15:12:32+08:00 Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects https://cassette.sphdigital.com.sg/image/businesstimes/d1b396e1584ec087f3becbef7df0dd33f04aef7cd083dd09e6083551affba061 An artist’s impression of some infrastructure projects being developed by Sun Group in preparation for the Apec summit in 2027, on Vietnam's Phu Quoc Island. The developments are among eligible projects under the State Bank of Vietnam's new credit relief scheme. The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027. https://www.businesstimes.com.sg/opinion-features/who-captures-value-singapores-s37-billion-frontier-tech-bet The Business Times en 2026-06-24T14:48:05+08:00 Who captures the value in Singapore’s S$37 billion frontier tech bet? https://cassette.sphdigital.com.sg/image/businesstimes/7a423baab425a234950d9e6cfffd43aa44d74d0e710f90fd6a7343d9a7fb26f8 Singapore has built what amounts to a full-stack frontier technology position, with hardware, capital, governance and talent in a single jurisdiction. Singapore has built what amounts to a full-stack frontier technology position, with hardware, capital, governance and talent in a single jurisdiction. https://www.businesstimes.com.sg/property/londoners-complain-unbearable-heat-citys-modern-housing The Business Times en 2026-06-24T14:34:58+08:00 Londoners complain of ‘unbearable heat’ in city’s modern housing https://cassette.sphdigital.com.sg/image/businesstimes/7f9c86d5cd4566c4d3cb5dc4a80b2650108b4a3a6fc12f5f9eab70b610e0ce90 The Greater London Authority has tried to create more and denser housing in tight urban sites. The Greater London Authority has tried to create more and denser housing in tight urban sites. https://www.businesstimes.com.sg/companies-markets/emperador-sets-2026-capex-2-4-billion-pesos-more-half-go-towards-whisky-business The Business Times en 2026-06-24T14:27:00+08:00 Emperador sets 2026 capex at 2.4 billion pesos, more than half to go towards whisky business https://cassette.sphdigital.com.sg/image/businesstimes/827a64393caa51e4891376aa2c7f7f44af0897ce067836cc8cf9264d69b3246a In 2025, the firm had earmarked 4 billion pesos for its capex. In 2025, the spirits manufacturer earmarked four billion pesos for its capex. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/japans-ntt-targets-us10-billion-offering-largest-asian-corporate-bond-sale-2026 The Business Times en 2026-06-24T14:17:33+08:00 Japan’s NTT targets US$10 billion offering in largest Asian corporate bond sale of 2026 https://cassette.sphdigital.com.sg/image/businesstimes/d78dadbbf0cac5ed8d350b27a0e42dc69f9dddf4a8f5f8e31be5ecd50ba54f61 NTT priced Asia’s largest bond deal offshore in July 2025, raising nearly US$18 billion. NTT priced Asia’s largest bond deal offshore in July 2025, raising nearly US$18 billion. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/aip-backed-blackrock-and-temasek-said-be-interested-stack-data-centres The Business Times en 2026-06-24T13:47:19+08:00 AIP, backed by BlackRock and Temasek, said to be interested in Stack data centres https://cassette.sphdigital.com.sg/image/businesstimes/08fc6ac3f499063520d43f473099809d8660eb3c9572778f3e3ba6a04d8d5069 Stack’s Apac data centres are in Tokyo, Osaka, Melbourne, Sydney and Johor Bahru in Malaysia. Stack’s Apac data centres are in Tokyo, Osaka, Melbourne, Sydney and Johor Bahru in Malaysia. https://www.businesstimes.com.sg/lifestyle/collective-stronger-society-adds-4-programmes-provide-more-wraparound-support-lower-income-families The Business Times en 2026-06-24T13:39:34+08:00 Collective for a Stronger Society adds 4 programmes to provide more ‘wraparound support’ to lower-income families https://cassette.sphdigital.com.sg/image/businesstimes/9cfa1383ce308685842e3118bf76ad4397081fc19c5541196a7c0fd7958ea03f CSS now has a total of 21 programmes. Senior Minister of State Low Yen Ling (middle, in blue) with CSS' charity and social service partners at the event announcing the onboarding of the new programmes. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/bytedance-seeks-us20-billion-its-largest-ever-offshore-loan The Business Times en 2026-06-24T13:15:36+08:00 ByteDance seeks US$20 billion in its largest-ever offshore loan https://cassette.sphdigital.com.sg/image/businesstimes/599c76a1d9fdb70d242cb33054bc63a8be2cdcaab3eb03d9788bcf99c9bb3627 ByteDance is weighing plans to boost capital spending to as much as US$70 billion this year to expand its data centres and other AI infrastructure. ByteDance is weighing plans to boost capital spending to as much as US$70 billion this year to expand its data centres and other AI infrastructure. https://www.businesstimes.com.sg/singapore/sia-engineerings-lim-sim-seng-chair-new-skills-and-workforce-development-agency The Business Times en 2026-06-24T13:05:36+08:00 SIA Engineering’s Lim Sim Seng to chair new Skills and Workforce Development Agency https://cassette.sphdigital.com.sg/image/businesstimes/db51652efe4be9606abbc2515a87d095c7a4e158006a0612ddbec5dfb32146ca Lim Sim Seng will be supported by 11 other board members representing local enterprises, multinational corporations, the public sector and tripartite partners. Lim Sim Seng will be supported by 11 other board members representing local enterprises, multinational corporations, the public sector and tripartite partners. https://www.businesstimes.com.sg/lifestyle/china-gorges-home-grown-foie-gras-france-faces-new-rival The Business Times en 2026-06-24T13:02:07+08:00 As China gorges on home-grown foie gras, France faces a new rival https://cassette.sphdigital.com.sg/image/businesstimes/266bd079f882f18f100841c723b799184cbb03dc8c83c102a0d51ad815c9a658 Geese are raised at a farm owned by foie gras producer Changhao Biotechnology in Huoqiu County, Anhui province, China. Geese are raised at a farm owned by foie gras producer Changhao Biotechnology in Huoqiu County, Anhui province, China. https://www.businesstimes.com.sg/international/global/chinas-premier-li-downplays-global-trade-disruption-fears-amid-surge-exports The Business Times en 2026-06-24T12:50:27+08:00 China’s Premier Li downplays global trade disruption fears amid surge in exports https://cassette.sphdigital.com.sg/image/businesstimes/703bdff4dc653171c7312faa5118dc47239e923e0eb978ad9e54e77b4a5e4555 “It should not be China Shock 2.0 – it should be China Opportunity 2.0,” Chinese Premier Li Qiang said. Premier Li Qiang says: “China has a complete industrial system and a vast market space. Any niche product can become a big business and a big industry in our huge market of 1.4 billion people.” https://www.businesstimes.com.sg/startups-tech/startups/zhipu-said-weigh-multibillion-dollar-share-sale-hong-kong-after-2000-gain The Business Times en 2026-06-24T12:32:11+08:00 Zhipu said to weigh multibillion-dollar share sale in Hong Kong after 2,000% gain https://cassette.sphdigital.com.sg/image/businesstimes/c25368926be8d1de1bf2aa9d3ed50d4c7f2142aa19adb528f77992859b145b8a A six-month lock-up from its IPO expires on Jul 8. A six-month lock-up from Zhipu's IPO expires on Jul 8. https://www.businesstimes.com.sg/companies-markets/capitaland-investment-secures-approval-its-second-c-reit-4-8-billion-yuan The Business Times en 2026-06-24T12:30:03+08:00 CapitaLand Investment secures approval for its second C-Reit at 4.8 billion yuan https://cassette.sphdigital.com.sg/image/businesstimes/4a87379192d966de399bf23fd453e61c02795063c96ce322401705ec4212d281 Raffles City Shenzhen is situated in Nanshan district, and has direct access to metro lines 9 and 12 at Nanyou station. Raffles City Shenzhen is situated in Nanshan district, and has direct access to metro lines 9 and 12 at Nanyou station. https://www.businesstimes.com.sg/lifestyle/world-cup-turnout-defies-concerns-americans-flock-spectacle The Business Times en 2026-06-24T12:25:07+08:00 World Cup turnout defies concerns, as Americans flock for the spectacle https://cassette.sphdigital.com.sg/image/businesstimes/eb13bac35b1a68522d4965901f3f0571df231578cb63908f79f32454ccca5771 While this year’s World Cup is bigger than its predecessors – totalling 104 matches, up from 64 – attendance is on pace to break the all-time record well before this year’s 64th game. While this year’s World Cup is bigger than its predecessors – totalling 104 matches, up from 64 – attendance is on pace to break the all-time record well before this year’s 64th game. https://www.businesstimes.com.sg/companies-markets/softbanks-masayoshi-son-scraps-plan-retire-his-sixties The Business Times en 2026-06-24T12:01:23+08:00 SoftBank’s Masayoshi Son scraps plan to retire in his sixties https://cassette.sphdigital.com.sg/image/businesstimes/0200118d8c60bbfb79c84149fc3f43ffe42584f6fb356628b2309f65554aff3f Son says that he’s now eager to help accelerate artificial intelligence proliferation and make SoftBank into the world’s preeminent AI-powered robotics company. Masayoshi Son says that he’s now eager to help accelerate AI proliferation and make SoftBank into the world’s preeminent AI-powered robotics company. https://www.businesstimes.com.sg/singapore/smes/tank-tap-how-people-people-turning-local-beer-production-experience-led-business The Business Times en 2026-06-24T12:00:00+08:00 From tank to tap: How People People is turning local beer production into an experience-led business https://cassette.sphdigital.com.sg/image/businesstimes/e1fdbab4c94e0618edae44fa6ac45cbae2057ea882606d5a4f192acb1749c576 Head brewer Nick Calder-Scholes leads the brewing programme at People People Brewing Co in Singapore. Head brewer Nick Calder-Scholes leads the brewing programme at People People Brewing Co. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-korea-says-higher-rates-needed-amid-housing-debt-risks The Business Times en 2026-06-24T11:15:43+08:00 Bank of Korea says higher rates needed amid housing, debt risks https://cassette.sphdigital.com.sg/image/businesstimes/e7b01a21f64899a71907b253b5a4f425ea13e3e5703e9a9534bf0f3fc6bc4fd6 Policymakers also say that authorities should remain vigilant over potential spillovers from global oil prices, interest rates and currency markets. The BOK says the nation’s financial system remains broadly stable despite heightened uncertainty at home and abroad. https://www.businesstimes.com.sg/property/us-house-passes-historic-housing-affordability-bill-sending-it-trump The Business Times en 2026-06-24T11:09:56+08:00 US House passes historic housing affordability Bill, sending it to Trump https://cassette.sphdigital.com.sg/image/businesstimes/0747695317419ca041f858cd38052e65407a04dbad79927e40a192f3c76eb665 The high cost of housing can be traced to a supply shortage nearly 20 years in the making, as construction rates cratered in the wake of the 2008 global financial crisis. The high cost of housing can be traced to a supply shortage nearly 20 years in the making, as construction rates cratered in the wake of the 2008 global financial crisis. https://www.businesstimes.com.sg/international/asean/malaysia-central-bank-pledges-stronger-measures-boost-fx-inflows The Business Times en 2026-06-24T10:43:35+08:00 Malaysia central bank pledges stronger measures to boost FX inflows https://cassette.sphdigital.com.sg/image/businesstimes/0371e73f18d8587ca195f14ee50a339d8195e5c04dae18000e4334485cc94ae5 The country’s solid economic fundamentals will continue to underpin the ringgit, Bank Negara Malaysia said in a statement on Jun 24. This is the latest in a string of measures across emerging Asia to bolster currencies, as surging oil prices put pressure on regional exchange rates. https://www.businesstimes.com.sg/lifestyle/meta-launches-cheaper-range-ai-smart-glasses-starting-299 The Business Times en 2026-06-24T10:43:06+08:00 Meta launches cheaper range of AI smart glasses starting at $299 https://cassette.sphdigital.com.sg/image/businesstimes/29d0ec4192c56ae2bac0d0895ac71fb832033f04d1583d86beeeec3b06cb90f1 The success of Meta’s glasses has spurred other tech companies to explore the development of similar devices. The success of Meta’s glasses has spurred other tech companies to explore the development of similar devices. https://www.businesstimes.com.sg/international/australia-consumer-prices-slip-may-core-inflation-tops-forecasts The Business Times en 2026-06-24T10:35:25+08:00 Australia consumer prices slip in May, but core inflation tops forecasts https://cassette.sphdigital.com.sg/image/businesstimes/b00b142b89f4c762b4da89dc231ede982c673ebad3ea13f3c8d949f04d50a4fc The RBA has raised interest rates three times this year to 4.35% to head off a war-driven energy shock. The RBA has raised interest rates three times this year to 4.35% to head off a war-driven energy shock. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-electronics-plans-90-trillion-won-share-buyback The Business Times en 2026-06-24T10:32:27+08:00 Samsung Electronics plans 90 trillion won share buyback https://cassette.sphdigital.com.sg/image/businesstimes/47abcd54667d17fb0fdc288bdeeef2ddbb33f9615cc3d4aaa414cf175e7a7fab Samsung is estimated to have to spend 154 trillion won on the bonus, including 40% in taxes. Samsung is estimated to have to spend 154 trillion won on the bonus, including 40% in taxes. https://www.businesstimes.com.sg/international/asean/malaysia-launches-plan-commercial-cargo-and-passenger-drone-services-2030 The Business Times en 2026-06-24T10:21:10+08:00 Malaysia launches plan for commercial cargo and passenger drone services by 2030 https://cassette.sphdigital.com.sg/image/businesstimes/d397514a7ce2767e6be1efc5984d1c3ede265fe251e9f9efac904ca944d9f9de Malaysian Transport Minister Anthony Loke said the aviation regulator has been instructed to develop a comprehensive regulatory framework. Malaysian Transport Minister Anthony Loke said the aviation regulator has been instructed to develop a comprehensive regulatory framework. https://www.businesstimes.com.sg/companies-markets/tesla-holders-bet-spacex-merger-elon-musks-real-endgame The Business Times en 2026-06-24T10:14:57+08:00 Tesla holders bet on SpaceX merger as Elon Musk’s real endgame https://cassette.sphdigital.com.sg/image/businesstimes/77e05ac4e8d844903629670bdf0c18d8e16d5bc7892511a26fd232b33a0f5d72 Tesla’s market capitalisation is roughly US$1.5 trillion, while SpaceX was around US$2 trillion as at Monday’s close, down from US$2.6 trillion a week ago. Tesla’s market capitalisation is roughly US$1.5 trillion, while SpaceX was around US$2 trillion as at Monday’s close, down from US$2.6 trillion a week ago. https://www.businesstimes.com.sg/property/supply-chain-shocks-labour-and-power-constraints-weighing-apac-building-boom-report The Business Times en 2026-06-24T10:10:15+08:00 Supply chain shocks, labour and power constraints weighing on Apac building boom: report https://cassette.sphdigital.com.sg/image/businesstimes/69e75c5db24fa1855a6c7e063a17626ba92f90a2cda143ee9b42b5539227439f Delivery risk has become the construction industry's most pressing challenge to navigate amid supply chain disruptions, labour shortages and power constraints. In Singapore, resource constraints are increasing contractor prices and tightening subcontractor capacity as multiple large projects “move forward at pace”. https://www.businesstimes.com.sg/international/asean/thai-central-bank-keeps-key-interest-rate-unchanged-expected The Business Times en 2026-06-24T10:01:30+08:00 Thai central bank keeps key interest rate unchanged, as expected https://cassette.sphdigital.com.sg/image/businesstimes/ae48e07a37281e4f786f4528b4bec37b060bbc0438b755d401235ab19846d710 Thailand could be among the last major Asian economies to raise interest rates as Japan, Indonesia and the Philippines have tightened policy in June. The surge in global energy prices means inflation will remain high this year and moderate next year as supply-side pressures ease, says the central bank. https://www.businesstimes.com.sg/companies-markets/transport-logistics/ship-insurers-set-major-claims-iran-war-allianz-says The Business Times en 2026-06-24T09:29:17+08:00 Ship insurers set for major claims from Iran War, Allianz says https://cassette.sphdigital.com.sg/image/businesstimes/48e46ea65c7286afccee24962a766c8ee2e5df82c22f0bd6c7e07a0836cbd67e Allianz has received claims due to the Iran war, some of which could include total losses of vessels, according to its annual safety and shipping review. Allianz has received claims due to the Iran war, some of which could include total losses of vessels, according to its annual safety and shipping review. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/gamestop-ceo-drops-us35-billion-pay-plan-focus-ebay-bid The Business Times en 2026-06-24T09:27:01+08:00 GameStop CEO drops US$35 billion pay plan to focus on eBay bid https://cassette.sphdigital.com.sg/image/businesstimes/c4a1f915eaa31bdc57150bbd5f1103a44b07c7a6864293fbdeb648a2ce042c9d GameStop said that when its board approved the CEO pay plan it had not yet decided to pursue eBay. GameStop said that when its board approved the CEO pay plan it had not yet decided to pursue eBay. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asian-stock-rebound-loses-steam-tsmc-declines The Business Times en 2026-06-24T09:20:09+08:00 Asian stock rebound loses steam as TSMC declines https://cassette.sphdigital.com.sg/image/businesstimes/e6f0dc58019f5148b333d6953a3c3e46474b71a893d84e0ce4a2bb5066212a75 South Korean stocks opened higher despite massive sell-offs in US semiconductor shares. South Korean stocks opened higher despite massive sell-offs in US semiconductor shares. https://www.businesstimes.com.sg/startups-tech/technology/mark-zuckerberg-directed-meta-create-prediction-markets-app The Business Times en 2026-06-24T08:56:56+08:00 Mark Zuckerberg directed Meta to create a prediction markets app https://cassette.sphdigital.com.sg/image/businesstimes/6149c3ba0e100c99d02e68834eb08f31f83856e4395bd1436b05fe6ee0f01dc0 Staff say Meta aims to direct its social networking audiences towards using the app, which is in development and may not be released. Staff say Meta aims to direct its social networking audiences towards using the app, which is in development and may not be released. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-drops-below-us4100-tech-led-sell-spurs-liquidation The Business Times en 2026-06-24T08:41:05+08:00 Gold drops below US$4,100 as tech-led sell-off spurs liquidation https://cassette.sphdigital.com.sg/image/businesstimes/27275315779eb0708ec3db90553f44649d062674e3de9dfedc9607d3bd7e2aac The tech slump has heaped further pressure on gold, which is already weighed down by concern that lingering inflation risks mean the Federal Reserve will hike interest rates. The tech slump has heaped further pressure on gold, which is already weighed down by concern that lingering inflation risks mean the Fed will hike interest rates. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alibaba-sues-us-being-linked-chinese-military The Business Times en 2026-06-24T08:28:18+08:00 Alibaba sues US for being linked to Chinese military https://cassette.sphdigital.com.sg/image/businesstimes/ead17e7317b6e39caef3058be8380bbf2296febd8e1e4c0cdb7f23f1d3a5b502 The Pentagon says that Alibaba is indirectly affiliated with China’s state asset regulator, known as Sasac. The Pentagon says that Alibaba is indirectly affiliated with China’s state asset regulator, known as Sasac. https://www.businesstimes.com.sg/companies-markets/stocks-watch-singtel-sia-mpact-starhub-ho-bee-land-propnex The Business Times en 2026-06-24T08:27:02+08:00 Stocks to watch: Singtel, SIA, MPACT, StarHub, Ho Bee Land, PropNex https://cassette.sphdigital.com.sg/image/businesstimes/5531fab825eb9869ecfb0932a17f1be8ddf43a88d081584ee6cf8afeb369583a Singtel's wholly owned Australian subsidiary Optus has priced S$200 million 10-year fixed-rate notes at 2.84 per cent. Singtel's wholly owned Australian subsidiary Optus has priced S$200 million 10-year fixed-rate notes at 2.84%. https://www.businesstimes.com.sg/companies-markets/starhub-deputy-ceo-matthew-williams-succeed-nikhil-eapen-chief-executive The Business Times en 2026-06-24T08:15:27+08:00 StarHub deputy CEO Matthew Williams to succeed Nikhil Eapen as chief executive https://cassette.sphdigital.com.sg/image/businesstimes/374e22f9c6cf8453b75a8ef28f01c325b7a126ab1cc2f3a103b2caf43b5dfb13 Matthew Williams joined StarHub in May 2025 as chief of the consumer business group, and was appointed deputy CEO on May 1, 2026. Williams, 55, joined StarHub in May 2025 as chief of the consumer business group, and was appointed deputy CEO on May 1, 2026. https://www.businesstimes.com.sg/companies-markets/transport-logistics/airasia-missing-payments-some-suppliers-fuel-costs-bite The Business Times en 2026-06-24T08:03:38+08:00 AirAsia is missing payments to some suppliers as fuel costs bite https://cassette.sphdigital.com.sg/image/businesstimes/802033378588c50718d250379453966d4f7f4e8d6564aff69f9b27de7850208a FILE PHOTO: AirAsia planes stand on the tarmac at Kuala Lumpur International Airport Terminal 2 (KLIA2) in Sepang, Malaysia, January 21, 2026. REUTERS/Hasnoor Hussain/File Photo AirAsia, which does not hedge fuel prices, has seen its shares fall more than 30% since the onset of conflict in Iran, making it among the worst performers on the Bloomberg World Airlines Index during that time. https://www.businesstimes.com.sg/international/global/us-iran-odds-nuclear-inspections-frozen-assets-deal-end-war The Business Times en 2026-06-24T07:50:27+08:00 US, Iran at odds on nuclear inspections, frozen assets in deal to end war https://cassette.sphdigital.com.sg/image/businesstimes/ed9f26e892908940d7036b8c8eee6b1d8c7ad2b00b206f0be1a09b6ae699a4a1 The agreement calls for Iran to allow traffic to flow freely for 60 days, but Iran has said it might impose tolls or other fees on shipping after that point. The agreement calls for Iran to allow traffic to flow freely for 60 days, but Iran has said it might impose tolls or other fees on shipping after that point. https://www.businesstimes.com.sg/opinion-features/china-can-be-useful-bogeyman-american-politics The Business Times en 2026-06-24T07:00:00+08:00 China can be a useful bogeyman in American politics https://cassette.sphdigital.com.sg/image/businesstimes/015c56d82b99315f75ad5dcc1995c940e454207578db29f8cdc7e696fe48c2a0 China wants international influence to counter Western biases, so as to win the “battle for global public opinion” and “safeguard national interests”. China wants international influence to counter Western biases, so as to win the “battle for global public opinion” and “safeguard national interests”. https://www.businesstimes.com.sg/international/britains-second-thoughts-about-brexit-are-only-growing-stronger The Business Times en 2026-06-24T07:00:00+08:00 Britain’s second thoughts about Brexit are only growing stronger https://cassette.sphdigital.com.sg/image/businesstimes/deba307dd262f7c70c31cf7dacc277c6b41d9c605bff2f65823a7f7b6d66714f Brexit, as the process of leaving the EU came to be known, is itself now the status quo, but the country has quietly turned against it. Brexit, as the process of leaving the EU came to be known, is itself now the status quo, but Britain has quietly turned against it. https://www.businesstimes.com.sg/opinion-features/singaporeans-should-keep-watch-australian-politics-turn-right The Business Times en 2026-06-24T07:00:00+08:00 Singaporeans should keep watch as Australian politics turn right https://cassette.sphdigital.com.sg/image/businesstimes/c3cd70116f24e5c8ce0d1a1b7450530411678d86ab82f62e2f70a0a42d3c4c00 Australian politician Pauline Hanson’s party, One Nation, is the most popular in Australia in terms of primary support, a poll by Roy Morgan shows. Pauline Hanson’s party, One Nation, is the most popular in terms of primary support, a poll shows. https://www.businesstimes.com.sg/companies-markets/bright-side-cse-global-clash The Business Times en 2026-06-24T07:00:00+08:00 The bright side to the CSE Global clash https://cassette.sphdigital.com.sg/image/businesstimes/0fbf7351a25ef3e42d0c9858b1b5326cc2023ac1ae9193a8eb271ff2001de8ec 新加坡交易所（Singapore Exchange，SGX）标志。 Generics of SGX stock exchange. As Singapore’s stock market regulation shifts further towards a “buyer beware” approach, greater transparency on potentially material matters is essential to enabling sound decisions in the market. https://www.businesstimes.com.sg/opinion-features/what-qantas-project-sunrise-really-means-singapore The Business Times en 2026-06-24T07:00:00+08:00 What Qantas’ Project Sunrise really means for Singapore https://cassette.sphdigital.com.sg/image/businesstimes/d7154b488b1da561cf46da594aa9a4e68c9e368c6f09ff23a3c78c58cefb03d7 From October 2027 Qantas will fly Sydney to London nonstop – the world’s longest scheduled flight taking up to 22 hours – aboard a specially modified Airbus A350-1000ULR. From October 2027, Qantas will fly Sydney to London non-stop – the world’s longest scheduled flight, taking up to 22 hours. https://www.businesstimes.com.sg/companies-markets/asia-pacific-investors-outpace-us-and-europe-private-credit-push-state-street The Business Times en 2026-06-24T07:00:00+08:00 Asia-Pacific investors outpace US and Europe in private credit push: State Street https://cassette.sphdigital.com.sg/image/businesstimes/81e40d81df8dbb836ee813f1b07e98f761591c935196d3b5f99b8e73995d80c7 Private market appetite has held up even amid heightened market volatility and geopolitical uncertainty, State Street's survey shows. Private market appetite has held up even amid heightened market volatility and geopolitical uncertainty, State Street's survey shows. https://www.businesstimes.com.sg/international/singapore-investigating-2-men-linked-prince-group-after-us-sanctions-600m-assets-seized-so-far The Business Times en 2026-06-24T06:28:10+08:00 Singapore investigating 2 men linked to Prince Group after US sanctions; $600m in assets seized so far https://cassette.sphdigital.com.sg/image/businesstimes/c48f82ed5cb3b3cdd54da354214334610d3944446499df189074234ee0f6d37f Chen Zhi’s troubles started on Oct 14, 2025, after the US and Britain announced sweeping sanctions on him, his Prince Group and his close associates. The US Treasury Department’s OFAC in October 2025 imposed sanctions on the Prince Group, Chen Zhi and his affiliates in one of the largest financial fraud take-downs in history. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-eases-while-tankers-openly-enter-hormuz-after-peace-deal The Business Times en 2026-06-24T06:04:28+08:00 Oil eases while tankers openly enter Hormuz after peace deal https://cassette.sphdigital.com.sg/image/businesstimes/2ed7df686e2049b20110c5fd6567e66ed3ee984c2593b8878ae4756c38217a72 Oil has fallen precipitously since the US and Iran inked an interim peace deal last week that promised to reopen the strait, a vital chokepoint for seaborne oil trade. Oil futures have retreated by more than a third from their wartime highs, driven in part by expectations of an impending increase in crude supply. https://www.businesstimes.com.sg/property/australias-tax-overhaul-chills-nations-long-love-affair-property The Business Times en 2026-06-24T06:00:00+08:00 Australia’s tax overhaul chills nation’s long love affair with property https://cassette.sphdigital.com.sg/image/businesstimes/51f33fd8b8b835ee4794f4c5b6f44dec1e77b43bdf05157955cf6324319cf39d A person walks past an auction sign outside a property in Sydney, Australia, June 22, 2026. REUTERS/Hollie Adams More than two million people, or roughly 10% of working-age Australians, own an investment property. The central bank estimates around 70% of them own one investment property, while the remainder own several. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-lower-semiconductor-sell-ai-spending-concerns-mount The Business Times en 2026-06-24T05:53:09+08:00 Wall Street ends lower on semiconductor sell-off as AI spending concerns mount https://cassette.sphdigital.com.sg/image/businesstimes/8a7fbe38eb33de1d106440d8b52a8db7bc85dcf4e207c41a2bc0e4bdddd44dc9 Traders are increasingly betting on a second interest rate hike by the Fed by December, according to LSEG data. Traders are increasingly betting on a second interest rate hike by the Fed by December, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-ends-lower-tech-sell-rising-us-fed-hike-bets-weigh The Business Times en 2026-06-24T05:38:31+08:00 Europe’s Stoxx 600 ends lower as tech sell-off, rising US Fed hike bets weigh https://cassette.sphdigital.com.sg/image/businesstimes/7d171b78dc082f1c08e4aed90b5c00e96a5b51be2cb7fb8ca963b3138d7b68f4 Markets are also holding on to bets that the ECB will lift borrowing costs by another 25 bps later this year. Markets are also holding on to bets that the ECB will lift borrowing costs by another 25 bps later this year. https://www.businesstimes.com.sg/international/asean/indonesia-clings-emerging-markets-mantle-msci-extends-review The Business Times en 2026-06-24T05:31:07+08:00 Indonesia clings to emerging markets mantle as MSCI extends review https://cassette.sphdigital.com.sg/image/businesstimes/743a7584fb5062007362f0cec3944d9fd5092b2ba7af8e246be942958d6f6313 Indonesia has held MSCI’s emerging-market status since 1989, and remains one of South-east Asia’s largest equity markets. Indonesia has been besieged by setbacks this year, with credit-rating firms Moody’s and Fitch cutting their debt rating outlooks for the country to negative earlier this year. https://www.businesstimes.com.sg/companies-markets/banking-finance/boes-taylor-backs-extended-hold-interest-rates The Business Times en 2026-06-23T23:13:45+08:00 BOE's Taylor backs extended hold for interest rates https://cassette.sphdigital.com.sg/image/businesstimes/c8934825139fd451694bdadc996f7e0cc47962be70699bf9f8bc0e3887cd160a Bank of England policymaker Alan Taylor places the most weight on downside risks for Britain’s economy that might in the future require rate cuts from their current level of 3.75 per cent. Bank of England policymaker Alan Taylor places the most weight on downside risks for Britain’s economy that might in the future require rate cuts from their current level of 3.75 per cent. https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-hits-two-week-low-tech-selloff-sparks-risk-mood The Business Times en 2026-06-23T23:11:19+08:00 Bitcoin hits two-week low as tech selloff sparks risk-off mood https://cassette.sphdigital.com.sg/image/businesstimes/825bcb6d8a4d149cce23d014b1563edb4ac35f2e02e66be3d089a4e359bf48bf Bitcoin fell as much as 3.9 per cent to US$61,877 on Tuesday, its lowest level since June 11. Bitcoin fell as much as 3.9 per cent to US$61,877 on Tuesday, its lowest level since June 11. https://www.businesstimes.com.sg/companies-markets/ho-bee-land-issue-s150-million-worth-5-year-green-notes-3-3 The Business Times en 2026-06-23T22:34:35+08:00 Ho Bee Land to issue S$150 million worth of 5-year green notes at 3.3% https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 Ho Bee Land is issuing S$150 million worth of 10-year fixed rate green notes at 3.3 per cent. The Series 002 Notes are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031, Ho Bee Land said in a bourse filing on Tuesday (Jun 23), https://www.businesstimes.com.sg/international/us-business-activity-picks-manufacturing-strength The Business Times en 2026-06-23T22:29:52+08:00 US business activity picks up on manufacturing strength https://cassette.sphdigital.com.sg/image/businesstimes/10652e0983f0fffc244a6762ce3df3a60d77e41c59774d69f42a5c5916541d80 An employee checks solar cells at the QCells North America factory in Cartersville, Georgia, June 8, 2026. An employee checks solar cells at the QCells North America factory in Cartersville, Georgia, June 8, 2026. https://www.businesstimes.com.sg/companies-markets/singtels-australian-unit-optus-prices-s200-million-10-year-fixed-rate-notes-2-84 The Business Times en 2026-06-23T22:18:09+08:00 Singtel’s Australian unit Optus prices S$200 million 10-year fixed-rate notes at 2.84% https://cassette.sphdigital.com.sg/image/businesstimes/424b28c0e890afd617f4c1220ad776a24908e5f6efe7ef9d0bf9d38615253af1 Singtel's wholly owned subsidiary, Singtel Optus, has priced $200 million worth of 10-year fixed rate notes at 2.84 per cent. The notes will be drawn down from Optus Finance's three billion euro medium-term note programme. https://www.businesstimes.com.sg/companies-markets/china-resources-new-energy-draws-6-4-trillion-yuan-retail-bids-biggest-shenzhen-ipo The Business Times en 2026-06-23T22:05:34+08:00 China Resources New Energy draws 6.4 trillion yuan in retail bids for biggest Shenzhen IPO https://cassette.sphdigital.com.sg/image/businesstimes/9de33089454418a20e63299c44b250eefd140f9e19505f6e595fe7bf52461e60 The strong retail demand highlights appetite for one of China’s largest recent listings The strong retail demand highlights appetite for one of China’s largest recent listings https://www.businesstimes.com.sg/companies-markets/transport-logistics/porsches-promised-comeback-does-little-calm-investors-over-china The Business Times en 2026-06-23T21:42:19+08:00 Porsche’s promised comeback does little to calm investors over China https://cassette.sphdigital.com.sg/image/businesstimes/bbbb4063a9efa40a57853d19f3f15c57f8a1f9567a4e5ef2ba6526210a2f6b2f Shares of Porsche, long synonymous with its 911 rear-engine sports cars, have roughly halved since their 2022 listing. Shares of Porsche, long synonymous with its 911 rear-engine sports cars, have roughly halved since their 2022 listing. https://www.businesstimes.com.sg/companies-markets/wall-st-falls-open-tech-selloff-concerns-about-hawkish-fed-ai-spending-mount The Business Times en 2026-06-23T21:42:13+08:00 Wall St falls at open on tech selloff as concerns about hawkish Fed, AI spending mount https://cassette.sphdigital.com.sg/image/businesstimes/d2f407af774e46c43be70e1dacdf88bc6a9ba7a8205a5d031da851df44fcbd7f The Dow Jones Industrial Average fell 22.9 points, or 0.04 per cent, to 51,735.64. The Dow Jones Industrial Average fell 22.9 points, or 0.04 per cent, to 51,735.64. https://www.businesstimes.com.sg/property/us-consumers-favour-homebuying-over-renting-first-time-2023 The Business Times en 2026-06-23T21:35:38+08:00 US consumers favour homebuying over renting for first time since 2023 https://cassette.sphdigital.com.sg/image/businesstimes/7d2b19586fdb76c0cc6c2629a9c6aa0f3b5b9f7aaad9fb72df981ff203a7cbaa Homes in Hercules, California, US, on Wednesday, June 17, 2026. The Federal Housing Finance Association (FHFA) is scheduled to release house price index figures on June 30. Photographer: David Paul Morris/Bloomberg The findings point to improving sentiment toward homeownership, even as elevated mortgage rates, high home prices and limited housing supply continue to weigh on the market. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-prices-1-5-billion-yuan-dim-sum-notes-2-38 The Business Times en 2026-06-23T21:14:50+08:00 Singapore Airlines prices 1.5 billion yuan dim sum notes at 2.38% https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 Singapore Airlines is issuing 1.5 billion yuan worth of 2.38 per cent fixed rate five-year dim sum bonds. Singapore Airlines' dim sum bonds are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031. https://www.businesstimes.com.sg/international/burnham-flesh-out-economic-plan-chancellor-pick-looms The Business Times en 2026-06-23T21:10:50+08:00 Burnham to flesh out economic plan as chancellor pick looms https://cassette.sphdigital.com.sg/image/businesstimes/52d1bc64ce2335b3c7b0efebe93f2aedec3dbf26f989b9d819a761a350bf2aab Andy Burnham is widely expected to emerge victorious from a contest next month for the leadership of both the governing Labour Party and the country. Andy Burnham is widely expected to emerge victorious from a contest next month for the leadership of both the governing Labour Party and the country. https://www.businesstimes.com.sg/companies-markets/transport-logistics/goto-grab-cut-driver-commissions-8-indonesia The Business Times en 2026-06-23T20:54:12+08:00 GoTo, Grab to cut driver commissions to 8% in Indonesia https://cassette.sphdigital.com.sg/image/businesstimes/904f9b1b9a14aaa79f548c0642767bf63f169d1d12141f798da7145c24fe8afa Deputy parliament speaker Cucun Ahmad Syamsurijal said the reduced commissions were proof that Prabowo’s administration “is genuinely committed to standing by all ride-hailing drivers.” Deputy parliament speaker Cucun Ahmad Syamsurijal said the reduced commissions were proof that Prabowo’s administration “is genuinely committed to standing by all ride-hailing drivers.” https://www.businesstimes.com.sg/companies-markets/transport-logistics/maersk-ceo-sees-solid-container-demand-through-second-half The Business Times en 2026-06-23T20:53:21+08:00 Maersk CEO sees solid container demand through second half https://cassette.sphdigital.com.sg/image/businesstimes/1fc329c82b2384d27ce407272422a0dba5959b1e07db93ec5d80aa5f126c89ed Spot container rates to move goods to the US and Europe from Asia have surged over the past seven weeks, according to the Drewry World Container Index. Spot container rates to move goods to the US and Europe from Asia have surged over the past seven weeks, according to the Drewry World Container Index. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-rises-one-year-high-fed-hike-bets-yen-hovers-near-40-year-low The Business Times en 2026-06-23T20:46:00+08:00 US dollar rises to one-year high on Fed hike bets; yen hovers near 40-year low https://cassette.sphdigital.com.sg/image/businesstimes/ee47d5b058340205d93460fb92f28925a4523a49e32d5fd06e25b2a6a7aa3418 Fed funds futures are pricing in more than an 85% chance of a quarter-point rate hike by the US Federal Reserve by September. Fed funds futures are pricing in more than an 85% chance of a quarter-point rate hike by the US Federal Reserve by September. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/uk-tribunal-gives-go-ahead-ps3-billion-lawsuit-against-apple-over-icloud-services The Business Times en 2026-06-23T20:35:48+08:00 UK tribunal gives go ahead for £3 billion lawsuit against Apple over iCloud services https://cassette.sphdigital.com.sg/image/businesstimes/df1433f03d8a295c959678d8072517a64f70fec498088a46981f62a79076a040 The case is being brought on behalf of nearly 40 million UK iCloud users who used the service between November 2018 and June 2026. The case is being brought on behalf of nearly 40 million UK iCloud users who used the service between November 2018 and June 2026. https://www.businesstimes.com.sg/international/us-waives-iran-sanctions-trump-warns-teheran-it-must-abide-agreement The Business Times en 2026-06-23T19:58:58+08:00 US waives Iran sanctions, Trump warns Teheran it must abide by agreement https://cassette.sphdigital.com.sg/image/businesstimes/d9d33246fab7bff86d2abe8fd576b7b84fd0b9d2fab51796490a1c9c8aec0d91 Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. https://www.businesstimes.com.sg/international/digital-euro-clears-key-hurdle-eu-seeks-break-free-us-credit-cards The Business Times en 2026-06-23T19:29:02+08:00 Digital euro clears key hurdle as EU seeks to break free from US credit cards https://cassette.sphdigital.com.sg/image/businesstimes/de5e6a4e6dbf7a163ee80318be4e6b13269b1b96664e877130deae126208111a The digital euro will allow all eurozone residents to make payments online and in person. The digital euro will allow all eurozone residents to make payments online and in person. https://www.businesstimes.com.sg/companies-markets/singapore-based-car-marketplace-carro-said-be-exploring-us-ipo The Business Times en 2026-06-23T19:12:16+08:00 Singapore-based car marketplace Carro said to be exploring US IPO https://cassette.sphdigital.com.sg/image/businesstimes/dedceec30dbade04450ceb60e1440ea57593c9076a4709020c8a14b2ede4677a Sources say that Carro is also considering a second listing in Singapore. Sources say that Carro is also considering a second listing in Singapore. https://www.businesstimes.com.sg/international/40-drown-france-people-seek-relief-heatwave The Business Times en 2026-06-23T19:07:10+08:00 40 drown in France as people seek relief from heatwave https://cassette.sphdigital.com.sg/image/businesstimes/af9a6e06e20e781cd4e69e8f5b13a96ab64fd4ad5931136fb772c9e9d069a13b In several places across Paris, shops had run out of electric fans amid surging demand. In several places across Paris, shops had run out of electric fans amid surging demand. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-end-flattish-after-tech-sell-drags-asia-markets-sti-0-03 The Business Times en 2026-06-23T19:00:20+08:00 Singapore stocks end flattish after tech sell-off drags Asia markets; STI up 0.03% https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 Across the broader market, losers outnumber gainers 435 to 193, after 1.6 billion securities worth S$2.1 billion change hands. Across the broader market, losers outnumber gainers 435 to 193, after 1.6 billion securities worth S$2.1 billion change hands. https://www.businesstimes.com.sg/companies-markets/mpact-units-obtain-s150-million-loan The Business Times en 2026-06-23T18:53:41+08:00 MPACT units obtain S$150 million loan https://cassette.sphdigital.com.sg/image/businesstimes/5aba54a5b1dd5f49c4df5acdc83a37780b0768bbb6cecb23310a425c54323c84 The manager of Mapletree Pan Asia Commercial Trust said on Tuesday it has obtained a S$150 million multi-currency loan. The loan has conditions attached to it. For example, it would become immediately repayable if the manager resigns or is removed from its role at MPACT. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-231 The Business Times en 2026-06-23T18:45:00+08:00 Daily Debrief: What Happened Today (Jun 23) https://cassette.sphdigital.com.sg/image/businesstimes/1d1ca2c482b5a6c6ee4da9dc7b47f14f4fd63f3fcd7b5d3a5c0c262c2a80dad2 On a month-on-month basis, Singapore's core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. On a month-on-month basis, Singapore's core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. https://www.businesstimes.com.sg/international/eurozone-inflation-could-stay-high-even-peace-deal-says-ecb-official The Business Times en 2026-06-23T18:33:19+08:00 Eurozone inflation could stay high even with peace deal, says ECB official https://cassette.sphdigital.com.sg/image/businesstimes/2abccf58671c84a8caeb0344c2264f970d0ece7353c292f6b3b870530f4d3591 ECB chief economist Philip Lane said inflation could remain well above target into the first half of 2027 after it rose above 3 per cent last month. ECB chief economist Philip Lane says inflation could remain well above target into the first half of 2027 after rising above 3% last month. https://www.businesstimes.com.sg/companies-markets/propnex-appoints-new-independent-director-board-reshuffle The Business Times en 2026-06-23T18:30:32+08:00 PropNex appoints new independent director in board reshuffle https://cassette.sphdigital.com.sg/image/businesstimes/299d198368cd0a49b46d4cdd372bb6c31f83d6cb0ed19dc91e13679ca6e3e565 PropNex announced a board reshuffle on Tuesday, with the appointment of Danny Lim as its new independent non-executive director. PropNex announced a board reshuffle on Tuesday, with the appointment of Danny Lim as its new independent non-executive director. https://www.businesstimes.com.sg/singapore/mas-likely-hold-july-singapores-may-core-inflation-undershoots-forecasts-economists The Business Times en 2026-06-23T18:27:53+08:00 MAS likely to hold in July as Singapore’s May core inflation undershoots forecasts: economists https://cassette.sphdigital.com.sg/image/businesstimes/787e033ada75e1b86054342e1760c89fb23009a15a4d6fbb7646aa5abbe6ded7 UOB associate economist Jester Koh estimates electricity tariffs will rise by 13 to 15 per cent quarter on quarter in the third quarter of 2026. Inflation risks remain tilted to the upside, as a slower-than-expected resumption in global energy supplies or continued shortages of key inputs to supply chains could further raise imported costs, say MAS and MTI. https://www.businesstimes.com.sg/opinion-features/greenspans-stumbles-hold-lessons-warshs-fed The Business Times en 2026-06-23T18:00:00+08:00 Greenspan’s stumbles hold lessons for Warsh’s Fed https://cassette.sphdigital.com.sg/image/businesstimes/a2beafc1a8970e195c8d8da61fafc4cf6ad5ea2b5e90746ffe5eccdc1a4be642 Kevin Warsh (above) is taking the reins of the Fed after five years of above-target inflation – unlike the virtuous cycle Greenspan inherited. Kevin Warsh (above) is taking the reins of the Fed after five years of above-target inflation – unlike the virtuous circle Greenspan inherited. https://www.businesstimes.com.sg/international/uk-economy-shrinks-second-straight-month-flash-pmi-shows The Business Times en 2026-06-23T17:58:32+08:00 UK economy shrinks for second straight month, flash PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/6d8c074a45e43af0a6f26f5f806c855c4a12ce9faa4ef6aade6fc819aa2ccb46 Rising joblessness has become a problem for Labour and the S&P’s sub-index measuring employment has been in negative territory for 21 months. Rising joblessness has become a problem for the UK's Labour Party; S&P’s sub-index measuring employment has been in negative territory for 21 months. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/indias-tata-electronics-hit-cyber-breach-claiming-expose-apple-tesla-trade-secrets The Business Times en 2026-06-23T17:54:50+08:00 India’s Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets https://cassette.sphdigital.com.sg/image/businesstimes/0bcb5fcc230f7b0d72f00818f3145004a51e7d648b9e2d6f3a12a5035d4746ab Tata has received a ransom demand related to the cyber breach. Tata has received a ransom demand related to the cyber breach. https://www.businesstimes.com.sg/international/global/back-earth-spacex-why-us2-trillion-titan-shed-us600-billion-3-days The Business Times en 2026-06-23T17:51:05+08:00 Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days https://cassette.sphdigital.com.sg/image/businesstimes/b2f6ad608cf717782a70e65095e3a9586f4c9cd799473c7e240d3cee8b9ffd4e The sudden reversal comes mere days after a US$75 billion initial public offering (IPO) that was reportedly more than four times subscribed. The sudden reversal comes a mere days after a US$75 billion initial public offering (IPO) that was reportedly more than four times subscribed. https://www.businesstimes.com.sg/international/uk-services-sector-contracts-fastest-pace-january-2023-pmi The Business Times en 2026-06-23T17:31:41+08:00 UK services sector contracts at fastest pace since January 2023: PMI https://cassette.sphdigital.com.sg/image/businesstimes/3b8beef52a4bf358f695d83fc3803db3ba02dcd113cff9d6657827c4745e7c99 The PMI signals a tough road ahead for Andy Burnham, the likely next prime minister. The PMI signals a tough road ahead for Andy Burnham, the likely next prime minister. https://www.businesstimes.com.sg/singapore/civil-servants-get-0-45-month-mid-year-bonus-marginally-2025 The Business Times en 2026-06-23T17:27:59+08:00 Civil servants get 0.45-month mid-year bonus, up marginally from 2025 https://cassette.sphdigital.com.sg/image/businesstimes/67b3040023b1db27048362dbec1079c8045f1f71e2070e46d442945165551de1 PSD says the payment takes into account Singapore’s Q1 economic performance, as well as the "significant" downside risks to the Republic's economic outlook. The Public Service Division says the payment takes into account Singapore’s Q1 economic performance, as well as the "significant" downside risks to the Republic's economic outlook. https://www.businesstimes.com.sg/international/iran-says-us12-billion-be-unfrozen-ahead-rubios-gulf-tour The Business Times en 2026-06-23T17:21:37+08:00 Iran says US$12 billion to be unfrozen ahead of Rubio’s Gulf tour https://cassette.sphdigital.com.sg/image/businesstimes/b20ea97364f10df52b2250eb8cceec38a6a1453794309fb5f8f78caf8ad07eb3 Traffic through the Strait of Homuz is increasing, pointing to growing confidence among shipowners and traders about sending vessels through as tensions ease. Traffic through the Strait of Homuz is increasing, pointing to growing confidence among shipowners and traders about sending vessels through as tensions ease. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-koreas-kospi-plunges-nearly-10-after-regulator-cautions-leveraged-etfs The Business Times en 2026-06-23T17:12:36+08:00 South Korea’s Kospi plunges nearly 10% after regulator cautions on leveraged ETFs https://cassette.sphdigital.com.sg/image/businesstimes/de3d6d6018a8058d534888a7b7480eb8aeaeeee78ce679dc03073d3bea9e073f The Kospi closed 910.71 points lower, its biggest daily plunge since March 4, at 8,203.84 points on Tuesday. The Kospi closed 910.71 points lower, its biggest daily plunge since March 4, at 8,203.84 points on Tuesday. https://www.businesstimes.com.sg/wealth/wealth-investing/rocket-may-thrill-do-not-forget-power-compounding The Business Times en 2026-06-23T17:10:30+08:00 A rocket may thrill, but do not forget the power of compounding https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 Singapore Airlines is among eight companies with track records spanning four decades, demonstrating resilience. Singapore Airlines is among eight STI-listed companies with track records spanning four decades, demonstrating resilience. https://www.businesstimes.com.sg/companies-markets/want-invest-private-companies-tokenised-shares-could-be-next-frontier The Business Times en 2026-06-23T17:00:00+08:00 Want to invest in private companies? Tokenised shares could be the next frontier https://cassette.sphdigital.com.sg/image/businesstimes/a1aff8bdcd6cb82db3af3f3c38a7bc9bf1cfb61230711e4d30cc00f733448284 A TDR is a digital security that directly represents an interest in the underlying share. A tokenised depositary receipt is a digital security that directly represents an interest in the underlying share. https://www.businesstimes.com.sg/wealth/wealth-investing/mega-ipos-could-turn-tide-public-equity-issuance-fidelity-manager The Business Times en 2026-06-23T16:58:59+08:00 Mega IPOs could turn the tide in public equity issuance: Fidelity manager https://cassette.sphdigital.com.sg/image/businesstimes/d5433b535d15e2a4124388c541d313b8294bf2e8c95623ed38974626c2e8edcf George Efstathopoulos, Fidelity International portfolio manager, said investors should still embrace the US as an investment destination, "but the rest of the world has awakened". Efstathopoulos says investors should still embrace the US as an investment destination, "but the rest of the world has awakened". https://www.businesstimes.com.sg/wealth/wealth-investing/moving-h2-2026-resilience-over-perfection The Business Times en 2026-06-23T16:51:18+08:00 Moving into H2 2026 – resilience over perfection https://cassette.sphdigital.com.sg/image/businesstimes/429f9d8fed2e20f0ad82e328e5020152595056781cce3aa76ddff88bafde9886 The AI trade looks richly positioned and a period of consolidation is likely. But the dips should be bought selectively. The AI trade looks richly positioned, and a period of consolidation is likely. But the dips should be bought selectively. https://www.businesstimes.com.sg/international/eurozone-private-sector-contraction-eases-june-services-stay-weak-pmi-shows The Business Times en 2026-06-23T16:49:17+08:00 Eurozone private sector contraction eases in June, but services stay weak, PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/196f443984a1c20fec0d089bd9ed5ecb126d0523640f524b8d29f464611b046f The Flash Eurozone Manufacturing PMI dipped to 51.3 in June from 51.6 – a four-month low. The Flash Eurozone Manufacturing PMI dipped to 51.3 in June from 51.6 – a four-month low. https://www.businesstimes.com.sg/esg/un-chief-calls-ai-firms-come-clean-environmental-costs The Business Times en 2026-06-23T16:47:47+08:00 UN chief calls on AI firms to come clean on environmental costs https://cassette.sphdigital.com.sg/image/businesstimes/921c595a83aa1261b08dfe8758188755d1a6a51719f01472f3075597f0db3dd4 "If AI is to help build a better future, it must be honest about what it costs us now," UN Secretary-General Antonio Guterres said. "If AI is to help build a better future, it must be honest about what it costs us now," UN Secretary-General Antonio Guterres said. https://www.businesstimes.com.sg/wealth/dont-mistake-familiarity-singapore-equities-diversification The Business Times en 2026-06-23T16:25:20+08:00 Don’t mistake the familiarity of Singapore equities for diversification https://cassette.sphdigital.com.sg/image/businesstimes/299d198368cd0a49b46d4cdd372bb6c31f83d6cb0ed19dc91e13679ca6e3e565 A Singapore-heavy equities portfolio can look diversified on the surface but holdings may share the same underlying sensitivities to local interest rates, Singapore property fundamentals and regional credit conditions. A small number of companies account for a disproportionate share of the Straits Times Index. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-fall-fourth-day-miners-tech-drag The Business Times en 2026-06-23T16:18:01+08:00 Australian shares fall for fourth day as miners, tech drag https://cassette.sphdigital.com.sg/image/businesstimes/4b8265631f6dfc9bdd4ed15611c4a8e80fae1a305d8d14477e1fed9dde57a0c1 The S&P/ASX 200 index fell 0.3 per cent to close at 8,787 on Tuesday. The S&P/ASX 200 index fell 0.3 per cent to close at 8,787 on Tuesday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-slip-fed-hike-bets-tech-drag The Business Times en 2026-06-23T15:57:25+08:00 European shares slip on Fed hike bets, tech drag https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index fell 0.89 per cent to 633.61 points by 0721 GMT on Tuesday. The Stoxx 600 index fell 0.89 per cent to 633.61 points by 0721 GMT on Tuesday. https://www.businesstimes.com.sg/international/german-business-activity-hits-18-month-low-june The Business Times en 2026-06-23T15:54:34+08:00 German business activity hits 18-month low in June https://cassette.sphdigital.com.sg/image/businesstimes/718ee24422670ab77fa163d7be63362b980ee4f8270f102a115a17d03320478f Business expectations for the coming 12 months weakened slightly overall and remained below the long-run trend, the survey showed. Business expectations for the coming 12 months weakened slightly overall and remained below the long-run trend, the survey showed. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nikkei-slides-one-week-low-profit-taking-hits-tech-stocks The Business Times en 2026-06-23T15:44:19+08:00 Nikkei slides to one-week low as profit-taking hits tech stocks https://cassette.sphdigital.com.sg/image/businesstimes/585b33c4d8ea8388c698e5d88852e15282fe0c193c9d19c5d54b0a69db7676c2 The Nikkei dropped 3.6 per cent to 69,788.38 on Tuesday, hitting a one-week low. The Nikkei dropped 3.6 per cent to 69,788.38 on Tuesday, hitting a one-week low. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ibm-partners-openai-enterprise-security-ai The Business Times en 2026-06-23T15:35:57+08:00 IBM partners with OpenAI on enterprise security AI https://cassette.sphdigital.com.sg/image/businesstimes/26b30a83d769aeea98b908e7b9b052e3ce4fe4767e9557bb7b8dfd5952276854 The OpenAI programme will expand our access to advanced AI capabilities, says Mark Hughes, global managing partner, cybersecurity services, IBM Consulting. The OpenAI programme will expand our access to advanced AI capabilities, says Mark Hughes, global managing partner, cybersecurity services, IBM Consulting. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/heineken-names-first-outsider-ceo-lead-turnaround-amid-sales-slump The Business Times en 2026-06-23T15:32:02+08:00 Heineken names first outsider CEO to lead turnaround amid sales slump https://cassette.sphdigital.com.sg/image/businesstimes/f324afe8a58958c2171559db0bdb7302a79cb78cbcd211a5ed865f28e6321f37 Rafael Oliveira will take the CEO role at Heineken on Oct 1. Rafael Oliveira will take the CEO role at Heineken on Oct 1. https://www.businesstimes.com.sg/international/indias-economic-activity-slowed-june-flash-pmi-shows The Business Times en 2026-06-23T15:31:36+08:00 India’s economic activity slowed in June, flash PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/20d5a490ac513d33b956d8b8063ecce061c51bce733b752611eeb5ffd72c3311 Fuel costs and energy availability became a growing concern during the survey period as tensions in the Middle East disrupted gas supplies and briefly pushed oil prices higher. Fuel costs and energy availability became a growing concern during the survey period as tensions in the Middle East disrupted gas supplies and briefly pushed oil prices higher. https://www.businesstimes.com.sg/companies-markets/transport-logistics/sias-dim-sum-bond-what-it-and-will-it-impact-investors The Business Times en 2026-06-23T15:29:55+08:00 SIA’s ‘dim sum’ bond: What is it and will it impact investors? https://cassette.sphdigital.com.sg/image/businesstimes/a7fa13c1ea498b935057b74478a9b631dfb304a5e6ecb1661188bbd77b013128 Maybank analysts said lower offshore yuan rates relative to Singapore dollar and US dollar funding costs could enable the airline to secure cheaper long-term financing. Lower offshore yuan rates relative to Singapore dollar and US dollar funding costs could enable SIA to secure cheaper long-term financing, say Maybank analysts. https://www.businesstimes.com.sg/international/after-interim-deal-rubio-faces-tough-task-selling-us-iran-reset-wary-gulf-allies The Business Times en 2026-06-23T15:10:34+08:00 After interim deal, Rubio faces tough task of selling US-Iran reset to wary Gulf allies https://cassette.sphdigital.com.sg/image/businesstimes/8cc3efeb1e75978d2257ffb72ceb8d3b5deeea871a69bd0e5f5438ac428d2b50 While US Secretary of State Marco Rubio needs to assuage Gulf allies, he must do so without appearing to criticise the US-Iran memorandum of understanding. While US Secretary of State Marco Rubio needs to assuage Gulf allies, he must do so without appearing to criticise the US-Iran memorandum of understanding. https://www.businesstimes.com.sg/international/new-lebanon-israel-talks-begin-shadow-us-iran-deal The Business Times en 2026-06-23T14:49:11+08:00 New Lebanon-Israel talks to begin, in shadow of US-Iran deal https://cassette.sphdigital.com.sg/image/businesstimes/913454b88f979265dd62b2103fc2762cdcf605f8d72c66a9c8422d8c040089d2 A Lebanese official and two foreign officials working in Lebanon say the Iran-US deal reached on Jun 17, 2026, has left the Lebanese state in its weakest position yet. A Lebanese official and two foreign officials working in Lebanon say the Iran-US deal reached on Jun 17, 2026, has left the Lebanese state in its weakest position yet. https://www.businesstimes.com.sg/international/tangled-nest-unwinding-us-sanctions-iran-after-interim-deal-wont-be-easy-or-quick The Business Times en 2026-06-23T14:21:20+08:00 ‘Tangled nest’: Unwinding US sanctions on Iran after interim deal won’t be easy or quick https://cassette.sphdigital.com.sg/image/businesstimes/32ea2311a6f3086074d4d18ce687995bb151fb76f234a684f6961c329f7649f1 Washington first sanctioned Iran in 1979, after revolutionary students seized the US embassy in Teheran, holding diplomats hostage. Washington first sanctioned Iran in 1979, after revolutionary students seized the US embassy in Teheran, holding diplomats hostage. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/softbanks-masayoshi-son-dismisses-musks-idea-orbital-data-centres The Business Times en 2026-06-23T14:19:44+08:00 SoftBank’s Masayoshi Son dismisses Musk’s idea for orbital data centres https://cassette.sphdigital.com.sg/image/businesstimes/7727d2515ab2bd6264738647e463d342c8bb05fb24d833bcb0edb27a3ea3d117 “In the battle for AI, the next few years will be far more important than what might happen a decade or so from now,” SoftBank Group founder Masayoshi Son said. “In the battle for AI, the next few years will be far more important than what might happen a decade or so from now,” SoftBank Group founder Masayoshi Son said. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/baht-drops-one-year-low-expectations-rate-gap-us The Business Times en 2026-06-23T14:07:13+08:00 Baht drops to one-year low on expectations of rate gap with US https://cassette.sphdigital.com.sg/image/businesstimes/88d2d546e2f54cb12b94e2af01ee0cb82a6452fe850958a2e4fcd0c9fd0c6fdb Thailand’s economic outlook remains challenging despite easing oil prices, as high household debt continues to weigh on consumption. The Bank of Thailand is expected to keep borrowing costs steady at 1% at its Jun 24, 2026, meeting. https://www.businesstimes.com.sg/international/asean/asia-pacific-contributing-reasonable-part-lenovos-us21-billion-ai-server-pipeline The Business Times en 2026-06-23T14:00:00+08:00 Asia-Pacific contributing ‘reasonable part’ of Lenovo’s US$21 billion AI server pipeline https://cassette.sphdigital.com.sg/image/businesstimes/b40f4ae8f4db47c2294619dcb4c280d50feaa95fbb91997c4c75aae7a44bc27a Amar Babu, President of Lenovo Asia Pacific, Lenovo Amar Babu, president of Lenovo Asia-Pacific, says that the company is currently only in the first year of what he sees as a decade-long opportunity for it to capitalise on the AI wave. https://www.businesstimes.com.sg/companies-markets/lazada-cuts-about-5-workforce-sign-maturing-e-commerce-sector-s-e-asia The Business Times en 2026-06-23T14:00:00+08:00 Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia https://cassette.sphdigital.com.sg/image/businesstimes/2744b571a97b08159581004180b9f97497ab7d2d3c5a1336ed02c8b022b3f492 Lazada said it would treat impacted employees with the applicable requirements based on the market they are in, Lazada says it will treat affected employees in accordance with the applicable requirements based on the market they are in. https://www.businesstimes.com.sg/companies-markets/energy-commodities/iran-rushes-woo-asias-largest-oil-importers-after-us-waiver The Business Times en 2026-06-23T13:56:49+08:00 Iran rushes to woo Asia’s largest oil importers after US waiver https://cassette.sphdigital.com.sg/image/businesstimes/4b067858db20abbd256fa224eb5c404b1c1f69f82f7decdb228245e9764ff013 Iran, which has long sold its shipments primarily to China, due to sanctions constraints, is eager to find a wider range of buyers and to clear oil currently in tankers. Iran, which has long sold its shipments primarily to China, due to sanctions constraints, is eager to find a wider range of buyers and to clear oil currently in tankers. https://www.businesstimes.com.sg/companies-markets/tencent-talks-offload-marvelous-and-other-global-game-bets The Business Times en 2026-06-23T13:19:03+08:00 Tencent in talks to offload Marvelous and other global game bets https://cassette.sphdigital.com.sg/image/businesstimes/15b35113f94d81fdd36f1a330c5d33fffbb80335f3fa8ae3b73ea31a679fbfb5 Tencent is navigating a prolonged slump for the games industry at the same time as it’s playing catchup in the capital-intensive AI race against peers Alibaba and ByteDance. Tencent is navigating a prolonged slump for the games industry at the same time as it’s playing catchup in the capital-intensive AI race against peers Alibaba and ByteDance. https://www.businesstimes.com.sg/companies-markets/singtel-sells-s1-billion-stake-thailands-gulf-development-placement-leaves-it-4-95-interest The Business Times en 2026-06-23T13:09:48+08:00 Singtel sells S$1 billion stake in Thailand’s Gulf Development; placement leaves it with 4.95% interest https://cassette.sphdigital.com.sg/image/businesstimes/aac5066e4ba99853600ceb3a88b2ca409f4f265640dfc4f4402bd617be1a2c09 The transaction is the latest under Singtel’s capital recycling programme Singtel28, which has now unlocked S$6.8 billion. The transaction is the latest under Singtel’s capital recycling programme Singtel28, which has now unlocked S$6.8 billion. https://www.businesstimes.com.sg/singapore/singapore-core-inflation-holds-1-4-may-undershooting-forecasts-services-prices-cool The Business Times en 2026-06-23T13:00:00+08:00 Singapore core inflation holds at 1.4% in May, undershooting forecasts as services prices cool https://cassette.sphdigital.com.sg/image/businesstimes/1149883fede7862992315b2592a6de6f579949820170c7b93f17cedab1fe63d6 the all-items consumer price index rose by 0.7 per cent. On a month-on-month basis, the core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. https://www.businesstimes.com.sg/wealth/wealth-investing/apollos-us26-billion-private-credit-fund-imposes-5-cap-requests-pull-17 The Business Times en 2026-06-23T12:26:37+08:00 Apollo’s US$26 billion private credit fund imposes 5% cap on requests to pull 17% https://cassette.sphdigital.com.sg/image/businesstimes/9bba85ea90adc396cf01cfe11f822e9622b390b20a3c694d0a2d4961b545f738 Apollo Debt Solutions said it had returned 1.5% in 2026 through May 31. Apollo Debt Solutions said it had returned 1.5% in 2026 through May 31. https://www.businesstimes.com.sg/companies-markets/banking-finance/morgan-stanley-plans-us1-3-billion-tower-dallas-expansion The Business Times en 2026-06-23T12:21:24+08:00 Morgan Stanley plans US$1.3 billion tower for Dallas expansion https://cassette.sphdigital.com.sg/image/businesstimes/14c3058c65f485f9294bc8282ea2c64506b06ffcda2844980d401a7d585c244c The New York-based bank would consolidate several businesses that have been growing in different parts of Dallas into a 709,000-square-foot skyscraper at 2401 McKinney Avenue, according to documents. The New York-based bank would consolidate several businesses that have been growing in different parts of Dallas into a 709,000-sq-ft skyscraper at 2401 McKinney Avenue, according to documents. https://www.businesstimes.com.sg/lifestyle/empty-rooms-and-plunging-prices-world-cup-tourism-slow-start The Business Times en 2026-06-23T12:04:33+08:00 Empty rooms and plunging prices: World Cup tourism is off to a slow start https://cassette.sphdigital.com.sg/image/businesstimes/ab3617bad2c650dd0fab939e976671c3624c55fc4129ae0639eab5a9eb96b2fc View of a US$1 million hotel suite offered as part of “The World Cup 2026 Extravaganza Package” at The Mark Hotel in New York City. A US$1 million hotel suite offered as part of “The World Cup 2026 Extravaganza Package” at The Mark Hotel in New York City. Hotels have been walking back hefty price increases. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-pause-internal-mouse-tracking-tech-while-examining-data-security-issues The Business Times en 2026-06-23T11:49:07+08:00 Meta to pause internal mouse-tracking tech while examining data security issues https://cassette.sphdigital.com.sg/image/businesstimes/93299bad7a3029e3aabf05a1c49a2735104e18cec398878bcf34283995060723 While Meta confirmed the investigation, it declined to say how long Meta planned to halt the programme. While Meta confirmed the investigation, it declined to say how long Meta planned to halt the programme. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sk-hynix-etfs-assets-soar-us17-billion-biggest-hong-kong The Business Times en 2026-06-23T11:34:59+08:00 SK Hynix ETF’s assets soar to US$17 billion, biggest in Hong Kong https://cassette.sphdigital.com.sg/image/businesstimes/ba9b81df1f13d6e6dd530a752491289c846dfd02b665c265d49c67ca7f0d0d96 Shares of memory‑chip giant SK Hynix have jumped over 300% in 2026. Shares of memory‑chip giant SK Hynix have jumped over 300% in 2026. https://www.businesstimes.com.sg/opinion-features/andy-burnhams-victory-may-change-labours-politics-not-britains-business-direction The Business Times en 2026-06-23T11:31:16+08:00 Andy Burnham’s victory may change Labour’s politics, but not Britain’s business direction https://cassette.sphdigital.com.sg/image/businesstimes/057da8231aa4341f5b84ebe2a1a154f4ef4df7a4c80e8f915eaa3c309608056a Burnham’s victory in the Makerfield Parlimentary by-election was significant not simply because he won, but because of how he won. Burnham’s victory in the Makerfield parlimentary by-election was significant not simply because he won, but also because of how he won. https://www.businesstimes.com.sg/companies-markets/temasek-backed-foundation-healthcare-lodges-preliminary-ipo-prospectus The Business Times en 2026-06-23T11:24:42+08:00 Temasek-backed Foundation Healthcare lodges preliminary IPO prospectus https://cassette.sphdigital.com.sg/image/businesstimes/0fbf7351a25ef3e42d0c9858b1b5326cc2023ac1ae9193a8eb271ff2001de8ec Ahead of the launch, the group had locked in S$118,245,000 in total commitments from 10 cornerstone investors. Ahead of the launch, the group had locked in S$118,245,000 in total commitments from 10 cornerstone investors. https://www.businesstimes.com.sg/international/china-pursues-austerity-first-fiscal-gap-cutback-2023 The Business Times en 2026-06-23T11:23:46+08:00 China pursues austerity with first fiscal gap cutback since 2023 https://cassette.sphdigital.com.sg/image/businesstimes/78a03bb93703d94dd52fda587b0fee9b1cbefa2453b65f1173b7653c965a2f3b China's exports are benefiting from a global artificial intelligence boom, reducing the urgency for stimulus to offset weak domestic demand. China's exports are benefiting from a global artificial intelligence boom, reducing the urgency for stimulus to offset weak domestic demand. https://www.businesstimes.com.sg/companies-markets/lot-leeway-spacexs-high-grade-debt-comes-under-scrutiny-sceptics-emerge The Business Times en 2026-06-23T11:12:45+08:00 ‘A lot of leeway’: SpaceX’s high-grade debt comes under scrutiny as sceptics emerge https://cassette.sphdigital.com.sg/image/businesstimes/f85a66e34bbd71e1892c561d20a6587b6244e3fabac7eccbf2c5c41b78de0788 SpaceX still lacks some hallmarks of a typical high-grade borrower. It is spending heavily, burning through cash and relying on future growth to make the numbers work. SpaceX still lacks some hallmarks of a typical high-grade borrower. It is spending heavily, burning through cash and relying on future growth to make the numbers work. https://www.businesstimes.com.sg/lifestyle/move-over-doctors-and-lawyers-samsung-sk-hynix-staff-are-south-koreas-new-marriage-catch The Business Times en 2026-06-23T11:07:17+08:00 Move over, doctors and lawyers: Samsung, SK Hynix staff are South Korea’s new ‘A+’ marriage catch https://cassette.sphdigital.com.sg/image/businesstimes/4072e8d50a81964ce34b07416a747093f7d806224f5933e6ec119cbb560fec57 Cram schools have started courses to help applicants get jobs at these chipmakers as hefty bonuses linked to the AI boom creates a new class of affluent workers. Cram schools have started courses to help applicants get jobs at these chipmakers as hefty bonuses linked to the AI boom creates a new class of affluent workers. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/tech-sell-drags-asian-stocks-lower-record The Business Times en 2026-06-23T10:31:05+08:00 Tech sell-off drags Asian stocks lower from record https://cassette.sphdigital.com.sg/image/businesstimes/df3c2eb4795d4e581dd192d9d122809bed0ba78ae7ca5efadc9c62dcb7af9bdb S&P 500 futures also edged lower after a slide in megacap tech stocks and rising bond yields dragged the benchmark down 0.4 per cent Jun 22. The Asian market moves follow a slide in megacap tech stocks and rising bond yields, that dragged the S&P 500 down 0.4% on Jun 22. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-chair-partners-exit-reset-scandal The Business Times en 2026-06-23T10:14:05+08:00 KPMG Australia chair, partners to exit in reset from scandal https://cassette.sphdigital.com.sg/image/businesstimes/93ae06fe9810a152342c03b72f0c392c02cb6123d32faa743ad1e86ed5f4f015 The senior departures mark a widening list of casualties from the scandal that emerged in March when allegations were first unveiled under parliamentary privilege. The senior departures mark a widening list of casualties from the scandal that emerged in March when allegations were first unveiled under parliamentary privilege. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-taps-new-whatsapp-boss-part-us900-million-investment-gic-backed-indian-startup The Business Times en 2026-06-23T10:10:06+08:00 Meta taps new WhatsApp boss as part of US$900 million investment into GIC-backed Indian startup https://cassette.sphdigital.com.sg/image/businesstimes/54bd0fc9d27d676c726c5ca2ec7f1a8bc276a93ae4bccd48a4418e4fd3396eee Meta said incognito chats will be powered by its private processing technology, ensuring conversations remain invisible to anyone, including the company itself. Meta has made several investments in India over the past few years, one of its most important markets and a major hub for WhatsApp. https://www.businesstimes.com.sg/property/singapore-real-estate-execs-turn-pessimistic-q1-inflation-fears-mount-nus-poll The Business Times en 2026-06-23T10:00:00+08:00 Singapore real estate execs turn pessimistic in Q1 as inflation fears mount: NUS poll https://cassette.sphdigital.com.sg/image/businesstimes/9368dd9e3cf7b6304c7cb7e716c947f25004b4f860f28de78c850d4f8ed193f4 Rising inflation and interest rates shot to top of mind for property players, with 80% citing them as concerns in Q1 – up sharply from 11.8% in Q4. Rising inflation and interest rates shot to top of mind for property players, with 80% citing them as concerns in Q1 – up sharply from 11.8% in Q4. https://www.businesstimes.com.sg/international/japans-factory-activity-expands-faster-pace-june-new-orders-surge-pmi-shows The Business Times en 2026-06-23T09:26:29+08:00 Japan’s factory activity expands at faster pace in June as new orders surge, PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/696426104735d7cebf9cde47ebf1b114b7daa33f74ba87cff097e5cc6bddee3b Factory output rose at a slightly quicker rate, while new orders accelerated to their fastest pace in more than four years. Factory output rose at a slightly quicker rate, while new orders accelerated to their fastest pace in more than four years. https://www.businesstimes.com.sg/working-life/work-home-world-cup-even-jpmorgan-says-yes The Business Times en 2026-06-23T09:24:54+08:00 Work from home? For World Cup, even JPMorgan says yes https://cassette.sphdigital.com.sg/image/businesstimes/11f7e5d30b566f91ad61b5b4d34457397382f443360cedf973f2aa1cd1c46006 Cities from New York to Toronto and Mexico City warn of severe gridlock as fans crowd roadways and public transportation to attend matches. Cities from New York to Toronto and Mexico City warn of severe gridlock as fans crowd roadways and public transportation to attend matches. https://www.businesstimes.com.sg/international/asean/buy-now-pay-later-106-baht-bubble-tea-highlights-thailands-household-debt-risk The Business Times en 2026-06-23T09:02:36+08:00 Buy-now-pay-later for 106 baht bubble tea highlights Thailand’s household debt risk https://cassette.sphdigital.com.sg/image/businesstimes/8477248b2c76ef609e7a8623d7800e91ac7988f1a3576da47f3ec254e7300033 Governor Vitai Ratanakorn is moving to curb the rapid growth of BNPL services, which increasingly allow consumers to split everyday purchases into instalments. BOT governor Vitai Ratanakorn is moving to curb the rapid growth of BNPL services, which increasingly allow consumers to split everyday purchases into instalments. https://www.businesstimes.com.sg/companies-markets/dbs-tops-list-employers-sought-singapores-fresh-graduates-survey The Business Times en 2026-06-23T08:30:00+08:00 DBS tops list of employers sought by Singapore’s fresh graduates: survey https://cassette.sphdigital.com.sg/image/businesstimes/bd95efef113aeb6d03c3d55253a0fdf08befa3f81e74c8e24e26c06cf999bfbc A total of 44 other Singapore based companies and public sector agencies featured in the top 100 companies that Singapore graduates in 2026 want to work for. A total of 45 Singapore-based companies and public-sector agencies featured in the top 100, including top choice DBS. https://www.businesstimes.com.sg/companies-markets/stocks-watch-singapore-airlines-guocoland-geo-energy-resources The Business Times en 2026-06-23T08:29:13+08:00 Stocks to watch: Singapore Airlines, GuocoLand, Geo Energy Resources https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 SIA said on Monday that it plans to sell its first five-year benchmark dim sum bond, an offshore yuan bond issued outside mainland China, and has hired four banks to arrange the potential deal. SIA said on Monday that it plans to sell its first five-year benchmark dim sum bond. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sony-plans-its-first-dollar-bond-sale-nearly-three-decades The Business Times en 2026-06-23T08:21:05+08:00 Sony plans its first dollar-bond sale in nearly three decades https://cassette.sphdigital.com.sg/image/businesstimes/d6f7c812f9209158f697fd4ed62cb3d42c8e7ba6d2920277ec3dab175da94707 Companies have moved to lock in historically tight credit spreads while expectations grow that the US Federal Reserve may begin to raise interest rates. The offering is part of a rush of high-grade bond sales in the US. https://www.businesstimes.com.sg/companies-markets/guocoland-unit-prices-s110-million-fixed-rate-notes-due-2030-2-5 The Business Times en 2026-06-23T08:19:38+08:00 GuocoLand unit prices S$110 million fixed-rate notes due 2030 at 2.5% https://cassette.sphdigital.com.sg/image/businesstimes/48948f624104efbed0c2dd6945c3b3c970d40ea3740e8bc067062ddd0053057e The notes will be issued under the subsidiary’s S$3 billion multicurrency medium term note programme. The notes will be issued under the subsidiary’s S$3 billion multicurrency medium term note programme. https://www.businesstimes.com.sg/companies-markets/transport-logistics/dbs-raises-comfortdelgro-hold-lifts-target-price-s1-30 The Business Times en 2026-06-23T08:17:32+08:00 DBS raises ComfortDelGro to ‘hold’, lifts target price to S$1.30 https://cassette.sphdigital.com.sg/image/businesstimes/94debd13bd993a5abbec42f213fd51e7598a4a33042b44df72bdd9473b9e6daf DBS has also turned more bullish on CDG’s capacity for shareholder-friendly actions, raising its projected dividend payout ratio to 85%from 80%. DBS has turned more bullish on CDG’s capacity for shareholder-friendly actions, raising its projected dividend payout ratio to 85% from 80%. https://www.businesstimes.com.sg/international/can-anyone-fix-britain-regular-change-pm-symptom-uks-malaise The Business Times en 2026-06-23T08:14:53+08:00 Can anyone fix Britain? Regular change of PM a symptom of UK’s malaise https://cassette.sphdigital.com.sg/image/businesstimes/a200d154bac49468f6368af9904f86c59cdc6e0abdd3ea6f123ce230926bff85 Keir Starmer (left) is likely to be succeeded by Andy Burnham, a career politician who was most recently the mayor of Greater Manchester. Keir Starmer (left) is likely to be succeeded by Andy Burnham, a career politician. https://www.businesstimes.com.sg/companies-markets/ocbc-boosts-hiring-indonesia-wealth-business-assets-rise The Business Times en 2026-06-23T08:04:43+08:00 OCBC boosts hiring for Indonesia wealth business as assets rise https://cassette.sphdigital.com.sg/image/businesstimes/fefd51382e3f092faaede76ba558ce6d8f14fbaea99ba310dc2d6321832d8f10 OCBC is eyeing two types of clients for its Indonesian wealth business: those who can park one billion rupiah or more with the bank, as well as US dollar millionaires. OCBC is eyeing two types of clients for its Indonesia wealth business: those who can park one billion rupiah or more with the bank, as well as US dollar millionaires. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-falls-inflation-risks-outweigh-progress-us-iran-talks The Business Times en 2026-06-23T07:41:18+08:00 Gold falls as inflation risks outweigh progress in US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Gold has fallen for three consecutive weeks and is down by 21% since the war began at the end of February. Gold is down about a fifth since the war began at the end of February. https://www.businesstimes.com.sg/opinion-features/beyond-us-china-rivalry-triangular-geopolitics-critical-minerals-reshaping-global-trade The Business Times en 2026-06-23T07:30:00+08:00 Beyond US-China rivalry: triangular geopolitics of critical minerals is reshaping global trade https://cassette.sphdigital.com.sg/image/businesstimes/06914b04b3fcc2afab209a73a732aed665ea86a698d0f9b13ffb8c0771355fdc The competition over critical minerals can no longer be understood simply as a contest between the US and China. The competition over critical minerals can no longer be understood simply as a contest between the US and China. https://www.businesstimes.com.sg/singapore/judiciary-law-society-form-joint-committee-tackle-lawyers-attrition The Business Times en 2026-06-23T07:17:11+08:00 Judiciary, Law Society to form joint committee to tackle lawyers’ attrition https://cassette.sphdigital.com.sg/image/businesstimes/7388f86809561f20a6ae7762614ea0b557793be4c7e25462205a241773a600e2 A number of junior lawyers said they were explicitly advised against litigation careers because of stressful and demoralising interactions with the Bench. A number of junior lawyers said they were explicitly advised against litigation careers because of stressful and demoralising interactions with the Bench. https://www.businesstimes.com.sg/opinion-features/anthropic-vs-trump-administration-who-decides-use-advanced-ai The Business Times en 2026-06-23T07:15:00+08:00 Anthropic vs Trump administration: Who decides the use of advanced AI? https://cassette.sphdigital.com.sg/image/businesstimes/53f3b40d35402d11238310fd62feac976fb034c57493bcb45164d3e736ce4989 Anthropic noted the irony of being penalised by exactly the kind of opaque government authority and process it has spent years arguing should be more transparent and rule-bound. Anthropic noted the irony of being penalised by the kind of opaque government authority and process it has spent years arguing should be more transparent. https://www.businesstimes.com.sg/international/global/spacex-falls-third-day-erases-us600-billion-market-value The Business Times en 2026-06-23T07:05:02+08:00 SpaceX falls for third day, erases US$600 billion in market value https://cassette.sphdigital.com.sg/image/businesstimes/3046ca96026f9dbd760ce0fd723bbe1631cc58513d2bdcd977f10489a910e787 SpaceX is the sixth-largest company in the world with shares about 15% higher than their US$135 IPO price. SpaceX is the sixth-largest company in the world with shares about 15% higher than their US$135 IPO price. https://www.businesstimes.com.sg/international/asean/chasing-global-capital-south-east-asia-markets-turn-value-reforms The Business Times en 2026-06-23T07:00:00+08:00 Chasing global capital: South-east Asia markets turn to ‘value up’ reforms https://cassette.sphdigital.com.sg/image/businesstimes/c249854b2873486211642ec2b2f44a0e3911651a7d2420e7600848e636bdb565 Malaysia joined the regional value-creation push in April 2026 with the launch of its MY Value Up Programme, aimed at boosting market quality and narrowing valuation discounts. Malaysia's MY Value Up programme is initially targeting 88 of Bursa Malaysia’s largest listed companies. https://www.businesstimes.com.sg/startups-tech/technology/buy-or-build-software-firms-need-look-control-reversibility-and-risk The Business Times en 2026-06-23T07:00:00+08:00 Buy or build software? Firms need to look at control, reversibility and risk https://cassette.sphdigital.com.sg/image/businesstimes/c38d48e198b4c4b17441e4a78d879227872c1fbef00d601bfbd6c367e66c79a7 AI has lowered the cost of the last mile, the internal tools, workflow engines and integration layers that used to need a dedicated squad and a year or more to build something. AI has lowered the cost of the last mile, the internal tools, workflow engines and integration layers that used to need a dedicated squad and a year or more to build something. https://www.businesstimes.com.sg/opinion-features/will-climate-risk-derail-south-east-asias-us564-billion-data-centre-boom The Business Times en 2026-06-23T07:00:00+08:00 Will climate risk derail South-east Asia’s US$564 billion data centre boom? https://cassette.sphdigital.com.sg/image/businesstimes/2a0b36a96b24e03ee7b60f2f7e7e2f2e7159a68dc827ca2cc0086d21b8f2f3e3 The vulnerabilities of South-east Asia's cities are exacerbated by climate change, which is increasing the intensity of extreme rainfall events. The vulnerabilities of South-east Asia's cities are exacerbated by climate change, which is increasing the intensity of extreme rainfall events. https://www.businesstimes.com.sg/opinion-features/columns/malaysia-state-funds-can-lift-bursa-market-discipline-must-rule The Business Times en 2026-06-23T07:00:00+08:00 Malaysia state funds can lift Bursa, but market discipline must rule https://cassette.sphdigital.com.sg/image/businesstimes/8266fcd9e2118a66243ee22f52e22a3643982675227eaf9b1d62d161cf41f2d9 Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%. Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/oracle-cut-21000-employees-2026-says-ai-replaced-some-jobs The Business Times en 2026-06-23T06:51:36+08:00 Oracle cut 21,000 employees in 2026, says AI replaced some jobs https://cassette.sphdigital.com.sg/image/businesstimes/e8c0acd9c93fc36d9cf4549af146ddc71419b4a0fa54c1e9d2631ec33058ac4c Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. https://www.businesstimes.com.sg/opinion-features/why-sinodollars-outweigh-petroyuan The Business Times en 2026-06-23T06:30:00+08:00 Why sinodollars outweigh the petroyuan https://cassette.sphdigital.com.sg/image/businesstimes/4bd37d22995b8b0476fa3c2b52c88038bbaf64e848c28112c527f17dd07cfe4f Yuan settlement of China's goods trade reached a record high of 33.5% of the total in March-April 2026. Yuan settlement of China's goods trade reached a record high of 33.5% of the total in March-April 2026. https://www.businesstimes.com.sg/international/global/us-suspends-iran-oil-sanctions-says-nuclear-inspectors-return-amid-optimism-after-first-talks The Business Times en 2026-06-23T06:22:10+08:00 US suspends Iran oil sanctions, says nuclear inspectors to return amid optimism after first talks https://cassette.sphdigital.com.sg/image/businesstimes/1756ff82c9c8299db31273c5b9eda7dafec496883a1571b31e45ec0354bbdcde US Vice-President Vance on Jun 22 said negotiators had “set up the mechanism” to ensure the Strait of Hormuz remains open. US Vice-President Vance on Jun 22 said negotiators had “set up the mechanism” to ensure the Strait of Hormuz remains open. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-inches-down-investors-focus-hormuz-flows-after-peace-talks The Business Times en 2026-06-23T06:15:49+08:00 Oil inches down as investors focus on Hormuz flows after peace talks https://cassette.sphdigital.com.sg/image/businesstimes/48e46ea65c7286afccee24962a766c8ee2e5df82c22f0bd6c7e07a0836cbd67e Transits through the Strait of Hormuz have also ticked up more broadly, even after negotiations got off to a rocky start. Two crude tankers with just under two million barrels of oil sailed through the Strait of Hormuz on Monday, ship-tracking data showed. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-nasdaq-close-lower-dragged-alphabet-and-megacap-tech-focus-iran The Business Times en 2026-06-23T05:49:11+08:00 S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran https://cassette.sphdigital.com.sg/image/businesstimes/92c35bc709eb73d03f7bae6048a0fb49c8c485269d61000bc66eed26c8e0d38a Markets currently expect a 25-basis-point rate hike from the Fed in September, according to LSEG data. Markets currently expect a 25-basis-point rate hike from the Fed in September, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-close-higher-us-iran-talks-uks-starmer-resigns The Business Times en 2026-06-23T05:37:49+08:00 European shares close higher on US-Iran talks; UK’s Starmer resigns https://cassette.sphdigital.com.sg/image/businesstimes/7518a4ccf7e4227166dea99081190a9ac6d0e7f3c4c8a14d8a628a33af906fb9 The pan-European Stoxx 600 index closed 0.6% up after two sessions of declines. The pan-European Stoxx 600 index closed 0.6% up after two sessions of declines. https://www.businesstimes.com.sg/podcasts/high-polarity-former-dyson-ceo-weighs-future-cars-and-getting-south-pole-solo The Business Times en 2026-06-23T05:00:00+08:00 High polarity: former Dyson CEO weighs in on the future of cars and getting to the South Pole solo https://cassette.sphdigital.com.sg/image/businesstimes/ce0c855dc32cb5c846b4f86a40dbbe43496561b2f0ba29caa9fb40ce474b82b0 What does the future of the automobile look like? What does the future of the automobile look like? https://www.businesstimes.com.sg/companies-markets/transport-logistics/uber-board-sued-over-alleged-serial-compliance-failures-sexual-abuse-lawsuits The Business Times en 2026-06-23T00:19:34+08:00 Uber board sued over alleged ‘serial’ compliance failures, sexual abuse lawsuits https://cassette.sphdigital.com.sg/image/businesstimes/5f007c94faa389057d7c37abeb6eb273eceef8a68af7e270c5812f514cf22960 "Uber is a serial compliance offender," whose reputation has been "irredeemably damaged" by negative media coverage, the complaint said. "Uber is a serial compliance offender," whose reputation has been "irredeemably damaged" by negative media coverage, the complaint said.