https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/xpeng-ceo-head-robot-unit-humanoid-mass-production-imminent The Business Times en 2026-06-10T13:57:28+08:00 Xpeng CEO to head robot unit with humanoid mass production imminent https://cassette.sphdigital.com.sg/image/businesstimes/0d38d7e3cb9d5d87adb7fe8ac0f955e9d6af4e77d40d0b30cb2e4035d466c45b The humanoids are expected to see trial use in Xpeng’s retail stores before being delivered to commercial customers in China and overseas from 2027. The humanoids are expected to see trial use in Xpeng’s retail stores before being delivered to commercial customers in China and overseas from 2027. https://www.businesstimes.com.sg/property/morgan-stanley-australia-ceo-warns-weaker-property-market The Business Times en 2026-06-10T13:14:39+08:00 Morgan Stanley Australia CEO warns of weaker property market https://cassette.sphdigital.com.sg/image/businesstimes/e9236c436c8e6c90246e4110edbc39476de6bed3c4fe1797cd31dd0c9d828c9c The fall coincided with falling auction clearance rates and a pick-up in advertised supply, property consultancy Cotality said in a report. The changes have coincided with a challenging economic backdrop that includes interest rate hikes, elevated inflation, cost-of-living pressures and higher fuel costs. https://www.businesstimes.com.sg/companies-markets/transport-logistics/byd-chairman-says-firm-will-be-worlds-biggest-automaker-five-years-shares-slide The Business Times en 2026-06-10T13:02:14+08:00 BYD chairman says firm will be world’s biggest automaker in five years as shares slide https://cassette.sphdigital.com.sg/image/businesstimes/d2b05645494cebd9c19ede596de1f8c23ca2098e11abd59d7dcc12a7783df72d To achieve that goal, the firm would need to overtake Toyota Motor, which sold more than twice as many vehicles as BYD in 2025. To achieve that goal, the firm would need to overtake Toyota Motor, which sold more than twice as many vehicles as BYD in 2025. https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysias-petronas-signs-20-year-lng-supply-deal-japans-jera The Business Times en 2026-06-10T12:34:30+08:00 Malaysia’s Petronas signs 20-year LNG supply deal with Japan’s Jera https://cassette.sphdigital.com.sg/image/businesstimes/13f1fc6ee8e4dec2bcebfb56f26d937b1dc30904e25bdf2f2a39ae6ab90e7182 Petronas is shifting its strategy as a drop in crude prices from a recent peak in 2022 slashed profits and forced the company to lower dividends. The agreement comes as Japan looks to beef up its energy reserves to cope with a global LNG crunch linked to the war in Iran. https://www.businesstimes.com.sg/international/asean/indonesia-authorities-question-maybank-staff-over-salim-group-palm-oil-export-flows-sources The Business Times en 2026-06-10T12:25:48+08:00 Indonesia authorities question Maybank staff over Salim Group palm oil export flows: sources https://cassette.sphdigital.com.sg/image/businesstimes/cd4f89b5c21102121516d840014c27f2ad407d7494525451a256ede37f453081 Maybank Indonesia has for years been a key banking partner to the broader Salim Group. Maybank Indonesia has for years been a key banking partner to the broader Salim Group. https://www.businesstimes.com.sg/international/global/iran-targets-us-bases-jordan-and-gulf-after-trump-orders-strikes-near-hormuz The Business Times en 2026-06-10T12:16:00+08:00 Iran targets US bases in Jordan and the Gulf after Trump orders strikes near Hormuz  https://cassette.sphdigital.com.sg/image/businesstimes/eb8d7060aa0e402d6c965c219a2ed31e5ec88d8226a804473049a79179ea0e17 A drone view of vessles anchored in the Strait of Hormuz as seen from Musandam, Oman on Jun 3. A drone view of vessles anchored in the Strait of Hormuz as seen from Musandam, Oman on Jun 3. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/japans-asics-will-spin-trendy-shoe-brand-onitsuka-tiger The Business Times en 2026-06-10T12:09:41+08:00 Japan’s Asics will spin off trendy shoe brand Onitsuka Tiger https://cassette.sphdigital.com.sg/image/businesstimes/ca73773289618e13b167977a9479cda83d33c8a97e70ea140bcca4394fdc981b Asics said that its board of directors has approved a plan to transfer the Onitsuka Tiger business to OT Group through an absorption-type company split. Onitsuka Tiger has been a key growth driver for Asics in recent years. https://www.businesstimes.com.sg/international/asean/us-working-release-energy-reserves-boost-sales-gas-asean The Business Times en 2026-06-10T11:50:52+08:00 US working to release energy reserves, boost sales of gas to Asean https://cassette.sphdigital.com.sg/image/businesstimes/3e8ee6fa866976d87e7298add2795b6f47a43611973c39b13afdef5eeef0080e It is eager to continue partnering with Asean on expanding the Asean Power Agreement, US Deputy Secretary of State Christopher Landau said. It is eager to continue partnering with Asean on expanding the Asean Power Agreement, US Deputy Secretary of State Christopher Landau said. https://www.businesstimes.com.sg/international/japan-wholesale-inflation-accelerates-fastest-three-years-energy-costs-spike The Business Times en 2026-06-10T11:25:22+08:00 Japan wholesale inflation accelerates to fastest in three years as energy costs spike https://cassette.sphdigital.com.sg/image/businesstimes/675b635c1f81f1d1cbae1b9173db2db63c3449669c053061cb96e74ab8c862d5 Soaring energy costs from the Middle East conflict have complicated the BOJ’s rate decisions, pushing up prices, but also hurting an economy heavily reliant on fuel imports. Soaring energy costs from the Middle East conflict have complicated the BOJ’s rate decisions, pushing up prices, but also hurting an economy heavily reliant on fuel imports. https://www.businesstimes.com.sg/singapore/ai-salaries-singapore-rising-5-times-faster-overall-wages-fresh-grads-earn-s90k-year The Business Times en 2026-06-10T11:08:09+08:00 AI salaries in Singapore rising 5 times faster than overall wages, fresh grads earn up to S$90k a year https://cassette.sphdigital.com.sg/image/businesstimes/fae26947cc0a753347e90cac625959371f7bac2c87b2464c848acf0ad743adfa Within the past year, pay for AI roles has climbed by about 15 to 25 per cent, according to recruitment firm Robert Walters. Within the past year, pay for AI roles has climbed by about 15 to 25 per cent, according to recruitment firm Robert Walters. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/starbucks-weighs-japan-unit-options-including-400-billion-yen-stake-sale-sources The Business Times en 2026-06-10T10:43:59+08:00 Starbucks weighs Japan unit options including 400 billion yen stake sale: sources https://cassette.sphdigital.com.sg/image/businesstimes/6ceb65a36d3547e70dcdbde1b1dcf9d4e2c25e7936f0ee4d32bf3d40cd01fee1 Starbucks has a long history in Japan, where it established a joint venture with Sazaby League in 1995 and held an IPO for the local unit in 2001. Starbucks has a long history in Japan, where it established a joint venture with Sazaby League in 1995 and held an IPO for the local unit in 2001. https://www.businesstimes.com.sg/international/customs-says-us11-4-billion-tied-us-tariff-refund-appeal The Business Times en 2026-06-10T10:35:31+08:00 Customs says US$11.4 billion is tied up in US tariff refund appeal https://cassette.sphdigital.com.sg/image/businesstimes/8563d206a1963f14ff26154a1e4ef5965e1c962e29c0f374ab99541bbf9589d3 he government also argues it cannot refund final tariff payments without a court order because there is no statutory authority for CBP to reopen final tariffs. The government also argues it cannot refund final tariff payments without a court order because there is no statutory authority for CBP to reopen final tariffs. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sti-falls-much-1-7-after-us-strikes-iran-dbs-down-3-3 The Business Times en 2026-06-10T10:27:48+08:00 STI falls as much as 1.7% after US strikes on Iran; DBS down 3.3% https://cassette.sphdigital.com.sg/image/businesstimes/e19dcea04cdd79365caf1b7eb91a8b2711190b64bce00e289a08f13ac5f07b7f The drop came after the US on Tuesday launched fresh strikes against Iran in response to a downed Apache helicopter in the Strait of Hormuz. The drop came after the US on Jun 9 launched fresh strikes against Iran in response to a downed Apache helicopter in the Strait of Hormuz. https://www.businesstimes.com.sg/international/chinese-consumer-inflation-unexpectedly-stalls-despite-oil-shock The Business Times en 2026-06-10T10:12:41+08:00 Chinese consumer inflation unexpectedly stalls despite oil shock https://cassette.sphdigital.com.sg/image/businesstimes/8fed3bbfa7ebc4e0a85e3f9c3bb3d7dfec5f4adbfa988b0b986f3c99178517ce The consumer-price index climbed to 1.2 per cent from a year earlier. The consumer-price index climbed to 1.2 per cent from a year earlier. https://www.businesstimes.com.sg/international/asean/us165-billion-renewable-energy-assets-asean-face-high-risk-climate-hazards-report The Business Times en 2026-06-10T10:00:00+08:00 US$165 billion of renewable energy assets in Asean face high risk of climate hazards: report https://cassette.sphdigital.com.sg/image/businesstimes/98bff396cfc5647d2f05bfabd62aa04413dcc2a9508a187f7ebd57d45bd68229 Solar power faces the steepest near-term exposure with about 80 per cent of capacity facing critical risk, according to the report. Solar power faces the steepest near-term exposure with about 80% of capacity facing critical risk. https://www.businesstimes.com.sg/companies-markets/banking-finance/japans-largest-banks-jointly-issue-stablecoins-march-2027 The Business Times en 2026-06-10T09:51:56+08:00 Japan’s largest banks to jointly issue stablecoins by March 2027 https://cassette.sphdigital.com.sg/image/businesstimes/8961cbbe02f38cc876818e9b4719136e5f33f5cb21e374e4f1f36588067603a5 The gap between Japan’s ultra-low interest rates and those in the US and other major economies remain wide. A Japanese ruling party panel called for promoting usage of yen-based stablecoins for settlement in Asia. https://www.businesstimes.com.sg/international/asean/thailand-pushes-eu-free-trade-deal-reduce-us-reliance The Business Times en 2026-06-10T09:40:51+08:00 Thailand pushes EU free trade deal to reduce US reliance https://cassette.sphdigital.com.sg/image/businesstimes/978fbce8779d2161859e8b610cd2e0430b6b675dbc0c94b3376585b1b89439f3 Thailand is currently negotiating with Trump’s administration over tariff measures and is hoping to secure treatment comparable to other South-east Asian economies. Thailand is currently negotiating with Trump’s administration over tariff measures and is hoping to secure treatment comparable to other South-east Asian economies. https://www.businesstimes.com.sg/companies-markets/labubu-maker-pop-mart-pushes-back-one-hit-wonder-fears The Business Times en 2026-06-10T09:36:42+08:00 Labubu maker Pop Mart pushes back on one-hit wonder fears https://cassette.sphdigital.com.sg/image/businesstimes/1cb11aa3d18521a5ab8ce15ec0b42a98c2237060790fb705069fd7265f70f887 Labubu are a rare instance of a Chinese product sparking a consumer frenzy in Western markets. Labubu are a rare instance of a Chinese product sparking a consumer frenzy in Western markets. https://www.businesstimes.com.sg/international/asean/malaysia-sees-risk-missing-deficit-goals-subsidy-pressures The Business Times en 2026-06-10T09:03:15+08:00 Malaysia sees risk of missing deficit goals on subsidy pressures https://cassette.sphdigital.com.sg/image/businesstimes/243d96cc3087db5b77a40b6572eaebe74f9c08d63eb79393703afcf083e14a2f The government has sheltered the population from some of the impact of the war by maintaining fuel subsidies. The government has sheltered the population from some of the impact of the war by maintaining fuel subsidies. https://www.businesstimes.com.sg/companies-markets/icapital-strengthens-apac-presence-demand-alternatives-surges-among-wealthy-investors The Business Times en 2026-06-10T09:01:00+08:00 iCapital strengthens Apac presence as demand for alternatives surges among wealthy investors https://cassette.sphdigital.com.sg/image/businesstimes/2e6cbf3d401fe18fed97d688591acba5ee81978e90ed5592dae74f5735e61c3c “The biggest trend that we are seeing, and specifically even more recently in Singapore and the broader APAC region, is it is no longer should I do alternatives, it is how I should do alternatives”, said Jeff McGoey, Chief Operating Officer at iCapital with an exclusive interview with The Business Times. “The biggest trend that we are seeing, and specifically even more recently in Singapore and the broader APAC region, is it is no longer should I do alternatives, it is how I should do alternatives”, said Jeff McGoey, Chief Operating Officer at iCapital with an exclusive interview with The Business Times. https://www.businesstimes.com.sg/companies-markets/stocks-watch-nio-wee-hur The Business Times en 2026-06-10T08:31:38+08:00 Stocks to watch: Nio, Wee Hur https://cassette.sphdigital.com.sg/image/businesstimes/05c1b4fd26f98f0d3c03262c35e146dab54233357f851b2af7aae2cd46385a68 Nio on Tuesday denied allegations by the US that it is aiding the Chinese military. Nio denies allegations by the US that it is aiding the Chinese military. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-slumps-below-us4200-renewed-us-iran-clashes-test-truce The Business Times en 2026-06-10T08:05:55+08:00 Gold slumps below US$4,200 as renewed US-Iran clashes test truce https://cassette.sphdigital.com.sg/image/businesstimes/cb98c8fb5c21afe5362f12d4ed8bebcaa499bb60d0f29f53663bedbd38305365 Gold is about a fifth below where it was trading before the Iran war broke out at the end of February. Gold is about a fifth below where it was trading before the Iran war broke out at the end of February. https://www.businesstimes.com.sg/international/taiwan-eyes-curbs-ai-chip-sales-china-align-us The Business Times en 2026-06-10T07:42:58+08:00 Taiwan eyes curbs on AI chip sales to China to align with US https://cassette.sphdigital.com.sg/image/businesstimes/66d75672a3d01cb62f2922d6497f274ba094d41c2613317b58614d2e9105c400 Taipei officials are considering imposing much stronger AI chip controls that would restrict sales to all customers in China. Taiwan, however, does not consider unauthorised AI chip exports to China to be a crime. https://www.businesstimes.com.sg/opinion-features/why-south-east-asia-must-write-its-own-rules-platform-work The Business Times en 2026-06-10T07:15:00+08:00 Why South-east Asia must write its own rules on platform work https://cassette.sphdigital.com.sg/image/businesstimes/a17d9eda61daef1735e58ce3bfd496bd4ab42d258d38f0c7e18e9884df051280 Across the Global South, millions of workers rely on informal work for access to incomes that the formal economy might not provide. Across the Global South, millions of workers rely on informal work for access to incomes that the formal economy might not provide. https://www.businesstimes.com.sg/singapore/single-founders-billion-dollar-valuations-ai-minting-unicorn-startups-birth The Business Times en 2026-06-10T07:00:00+08:00 Single founders, billion-dollar valuations: AI is minting unicorn startups at birth https://cassette.sphdigital.com.sg/image/businesstimes/74f45c25a6aa64bf119cb4a4c687a58f5cf6e57604a3365bd4712c7bf5666b6f Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave. https://www.businesstimes.com.sg/opinion-features/once-deemed-costly-failure-industrial-policy-making-return-led-china The Business Times en 2026-06-10T07:00:00+08:00 Once deemed a costly failure, industrial policy is making a return – led by China https://cassette.sphdigital.com.sg/image/businesstimes/515d16b8ae9cbd3895d786b5ae499600628228c1943f279bed5e3b88cbd09d0b An OECD report indicated that the production of solar photovoltaic panels, semiconductors, aluminium, steel and shipbuilding were the top five recipients of subsidies, as a percentage of sales revenue of firms, across the 15 sectors. An OECD report indicates that the production of solar photovoltaic panels, semiconductors, aluminium, steel and shipbuilding were the top five recipients of subsidies, across 15 sectors. https://www.businesstimes.com.sg/opinion-features/trump-mulling-stakes-big-ai-firms-will-tech-become-public-utility The Business Times en 2026-06-10T07:00:00+08:00 With Trump mulling stakes in big AI firms, will the tech become a public utility? https://cassette.sphdigital.com.sg/image/businesstimes/07dbf6d1238d0f901c473cfc3940c34432817248c74f6f06121ba011f7098ee9 OpenAI CEO Sam Altman was part of talks between senior US officials and major AI companies about the government possibly buying shares in the businesses. OpenAI CEO Sam Altman was part of talks between senior US officials and major AI firms about the American government possibly buying shares in the businesses. https://www.businesstimes.com.sg/companies-markets/cgsi-upgrades-singapore-banking-sector-overweight-net-interest-income-upside The Business Times en 2026-06-10T07:00:00+08:00 CGSI upgrades Singapore banking sector to ‘overweight’ on net interest income upside https://cassette.sphdigital.com.sg/image/businesstimes/7cf6990abdacd7e015241503437212256bfe82193802ed2be4ab09901a73b553 dbs, uob, ocbc atms “Continued liquidity inflows through deposits have supported resilient NII,” say CGSI analysts. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asian-stocks-slide-oil-gains-middle-east-tensions-escalate The Business Times en 2026-06-10T06:42:05+08:00 Asian stocks slide, oil gains as Middle East tensions escalate https://cassette.sphdigital.com.sg/image/businesstimes/cfb40ef866c90a3769775b0eef3b7424fbc63371d8c9a6d889660f5d84bd7b74 MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6%. Japan’s Nikkei fell 0.9% while the tech-heavy South Korean Kospi slumped 2% in a volatile week where AI stocks have come under pressure. https://www.businesstimes.com.sg/international/global/us-launches-new-strikes-iran-after-helicopter-downed The Business Times en 2026-06-10T06:14:12+08:00 US launches new strikes on Iran after helicopter downed https://cassette.sphdigital.com.sg/image/businesstimes/4fc1cd9541211e29d696190a1844cb2820506ea3eedc82c1ffdafb27af9da919 Iran’s state media cited a military source as saying that no offencive air military operations have been conducted in the Strait of Hormuz in the previous 24 hours. Iran’s state media cited a military source as saying that no offensive air military operations had been conducted in the Strait of Hormuz in the previous 24 hours. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-nasdaq-fall-tech-selling-resumes-trump-vows-respond-downed-us-helicopter The Business Times en 2026-06-10T05:58:00+08:00 S&P 500, Nasdaq fall as tech selling resumes, Trump vows to respond to downed US helicopter https://cassette.sphdigital.com.sg/image/businesstimes/0827605ddc1549e2fa4409bfdcd230f410d4275e7f9cafcbcf95898be2d0cf06 The Cboe Volatility Index hit its highest level since Apr 7 during the session as stocks sold off. The Cboe Volatility Index hit its highest level since Apr 7 during the session as stocks sold off. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-close-lower-investors-weigh-middle-east-risks The Business Times en 2026-06-10T05:38:32+08:00 European shares close lower as investors weigh Middle East risks https://cassette.sphdigital.com.sg/image/businesstimes/393a81a5416d75b41295c85f5de26546848cc73384cd7295e220c156a2c313be The European technology sector remains set for the strongest quarterly gain on the Stoxx 600. European technology stocks have seen bouts of volatility recently. https://www.businesstimes.com.sg/property/us-existing-home-sales-jump-highest-year-top-forecasts The Business Times en 2026-06-09T23:21:23+08:00 US existing-home sales jump to highest this year, top forecasts https://cassette.sphdigital.com.sg/image/businesstimes/505d1c8a4a73e27e57d3c029d46559f298d2ef5d6f4b2e208bc8953c584bad77 First-time buyers are returning to the market, accounting for 35 per cent of sales in May, which is the highest share since June 2020. First-time buyers are returning to the market, accounting for 35 per cent of sales in May, which is the highest share since June 2020. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-rises-tech-shares-gain-middle-east-tensions-ease The Business Times en 2026-06-09T22:31:24+08:00 US stocks: Wall Street rises as tech shares gain, Middle East tensions ease https://cassette.sphdigital.com.sg/image/businesstimes/564028d09daf70082227e61eca4238b88c66b1e8d0c8136545c222ffb226cce1 All three major US indices rose on Tuesday morning. All three major US indices rose on Tuesday morning. https://www.businesstimes.com.sg/international/us-trade-gap-narrows-oil-exports-offset-ai-driven-imports The Business Times en 2026-06-09T21:58:35+08:00 US trade gap narrows as oil exports offset AI-driven imports https://cassette.sphdigital.com.sg/image/businesstimes/96d577bf8bcb7791a7a33c0f6dc611db76b1d66539d7a74381c7f55b394159c8 Recent surveys of purchasing managers have suggested US companies are stockpiling merchandise in an effort to front-run additional war-related price hikes. Recent surveys of purchasing managers have suggested US companies are stockpiling merchandise in an effort to front-run additional war-related price hikes. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/chinas-tencent-draws-more-us16-billion-orders-dual-currency-bond The Business Times en 2026-06-09T21:40:06+08:00 China’s Tencent draws more than US$16 billion in orders for dual-currency bond https://cassette.sphdigital.com.sg/image/businesstimes/3872b6465184a3b337281ff31bc5293d04b51606303370dbf96fb127d3c18a06 Tencent had aimed to raise US$4 billion, Reuters reported on Monday. Tencent plans to use the proceeds for general corporate purposes, including refinancing, term sheets showed. https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/bitcoins-worst-week-ftx-crash-may-signal-more-pain-ahead The Business Times en 2026-06-09T21:23:18+08:00 Bitcoin’s worst week since FTX crash may signal more pain ahead https://cassette.sphdigital.com.sg/image/businesstimes/e8429f22e631c62c43f00c19b5b5af4f78498b7be31a46b0e39a4af8ab8a5096 Investors have pulled about US$5.5 billion from US-listed spot Bitcoin ETFs over 13 straight days of net outflows. Investors have pulled about US$5.5 billion from US-listed spot Bitcoin ETFs over 13 straight days of net outflows. https://www.businesstimes.com.sg/singapore/singapore-benefits-middle-east-flight-reroutings-only-temporarily-iata The Business Times en 2026-06-09T21:14:36+08:00 Singapore benefits from Middle East flight reroutings but only temporarily: IATA https://cassette.sphdigital.com.sg/image/businesstimes/ada7a257aefd815207321590ff4c7c53f4c4aa1b8cf61d110ee2699ef0ab51ca IATA director-general Willie Walsh said the benefits are temporary and will not make a long-term difference because the Gulf hubs will recover once stability is restored in the region. IATA director-general Willie Walsh said the benefits are temporary and will not make a long-term difference because the Gulf hubs will recover once stability is restored in the region. https://www.businesstimes.com.sg/international/us-dollar-eases-middle-east-hopes-outweigh-prospects-higher-us-rates The Business Times en 2026-06-09T21:12:31+08:00 US dollar eases as Middle East hopes outweigh prospects of higher US rates https://cassette.sphdigital.com.sg/image/businesstimes/ce64df36fd58e078d19039945a86143783aa1b53c75c73aa988049e6d8a1759d The US dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was down 0.24% at 99.77. The US dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was down 0.24% at 99.77. https://www.businesstimes.com.sg/esg/global-offshore-wind-capacity-set-grow-420-gw-end-2035-gwec-report-says The Business Times en 2026-06-09T20:46:58+08:00 Global offshore wind capacity set to grow to 420 GW by end of 2035, Gwec report says https://cassette.sphdigital.com.sg/image/businesstimes/33ee65e6c3c9b05f0efac5d6a5058b05f8cf6915d980a4fda4b6572cd66aeeeb China accounts for 52 per cent of the global offshore wind market, having overtaken Britain in 2021. China accounts for 52 per cent of the global offshore wind market, having overtaken Britain in 2021. https://www.businesstimes.com.sg/singapore/singapore-negotiate-fta-regional-bloc-8-east-african-countries The Business Times en 2026-06-09T20:37:24+08:00 Singapore to negotiate FTA with regional bloc of 8 East African countries https://cassette.sphdigital.com.sg/image/businesstimes/1b9ac7e6cd8af900ec9578e47f9cd3b56b9f3a8006e399d23774f43e5ca0a02b President Tharman Shanmugaratnam, accompanied by his Tanzanian counterpart Samia Suluhu Hassan, during a welcome ceremony for his state visit to Tanzania, June 9, 2026. President Tharman Shanmugaratnam (left), accompanied by his Tanzanian counterpart Samia Suluhu Hassan, during a welcome ceremony for his state visit to Tanzania on Jun 9. https://www.businesstimes.com.sg/international/asean/malaysias-government-linked-funds-invest-firms-under-my-value-programme The Business Times en 2026-06-09T20:29:01+08:00 Malaysia’s government-linked funds to invest in firms under MY Value Up programme https://cassette.sphdigital.com.sg/image/businesstimes/aa416818395a21013c37c45a5a5091a651b3cf9b5eb2b834a00de0e8d8e0724d My Value Up programme guidebook launching ceremony in Kuala Lumpur. (From left) Securities Commission managing director Azalina Adham, Securities Commission executive chairman Mohammad Faiz Azmi, Minister of Finance II Amir Hamzah, Deputy Prime Minister Ahmad Zahid Hamidi, Deputy Minister of Economy Mohd Shahar Abdullah, Bursa Malaysia chairman Abdul Farid Alias and Bursa CEO Fad’l Mohamed. Among those at the launch of the MY Value Up programme guidebook on Jun 9 were Securities Commission executive chairman Mohammad Faiz Azmi (second from left); Deputy Prime Minister Ahmad Zahid Hamidi (fourth from left); and Bursa Malaysia CEO Fad’l Mohamed (extreme right). https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/chinese-hackers-pose-biggest-espionage-threat-tech-firms-crowdstrike-says The Business Times en 2026-06-09T20:27:29+08:00 Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says https://cassette.sphdigital.com.sg/image/businesstimes/518c89f86fd614623329df565e1ba41a523d27749df9a098cb2db5b7a010fa17 The technology sector was once again the most targeted industry by both foreign governments and cybercriminals, the report found. The technology sector was once again the most targeted industry by both foreign governments and cybercriminals, the report found. https://www.businesstimes.com.sg/international/global/chinas-trade-imbalance-eu-swells-imports-new-slump The Business Times en 2026-06-09T19:49:33+08:00 China’s trade imbalance with EU swells with imports in new slump https://cassette.sphdigital.com.sg/image/businesstimes/d614f18ce051ad8799d8ba1d890142689e9a492008fb8788119a0ec3f6104826 French President Emmanuel Macron is to host a video call between the Group of Seven countries and China to address global trade imbalances, Politico reports. French President Emmanuel Macron is to host a video call between the Group of Seven countries and China to address global trade imbalances, Politico reports. https://www.businesstimes.com.sg/international/us-small-business-optimism-falls-lowest-october-2024 The Business Times en 2026-06-09T19:37:39+08:00 US small-business optimism falls to lowest since October 2024 https://cassette.sphdigital.com.sg/image/businesstimes/306d3c9307a011bc8494599914f469170ff27231e738c67021ea8cc853ab5e69 The share of small businesses saying they’re planning new hires or are having trouble filling jobs fell to six-year lows. The share of small businesses saying they’re planning new hires or are having trouble filling jobs fell to six-year lows. https://www.businesstimes.com.sg/international/global/ai-saves-clinicians-time-most-lack-training-survey-finds The Business Times en 2026-06-09T19:11:19+08:00 AI saves clinicians time but most lack training, survey finds https://cassette.sphdigital.com.sg/image/businesstimes/c8976ad29ddcb9bf4f4e6603b5721e5e85dc8601abebc1c8f4daf473eb13a547 Nurses and doctors said AI helped them become more precise and careful, better keep up with research and clinical developments, and think through cases in detail. Nurses and doctors said AI helped them become more precise and careful, better keep up with research and clinical developments, and think through cases in detail. https://www.businesstimes.com.sg/companies-markets/transport-logistics/emirates-will-not-cut-flights-despite-middle-east-war-pressures The Business Times en 2026-06-09T18:54:39+08:00 Emirates will not cut flights despite Middle East war pressures https://cassette.sphdigital.com.sg/image/businesstimes/3f903ea6f452e1770ec9971f60bce35ef7350ff8adb899dadd25da0b3079cc8c Emirates president Tim Clark at the Berlin Aviation Summit in Berlin, Germany, June 9, 2026. Emirates president Tim Clark at the Berlin Aviation Summit in Berlin, Germany, June 9, 2026. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-91 The Business Times en 2026-06-09T18:45:00+08:00 Daily Debrief: What Happened Today (Jun 9) https://cassette.sphdigital.com.sg/image/businesstimes/cccc6ab7064a6857b836dce18962c34315e4ecb7eaac42b37b4eb8531638edd8 The new facility will help support demand for Bombardier's jets, such as the Global 8000. The new facility will help support demand for Bombardier's jets, such as the Global 8000. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-after-rebound-global-chipmakers-sti-1-2 The Business Times en 2026-06-09T18:16:45+08:00 Singapore stocks close higher after rebound of global chipmakers; STI up 1.2% https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 Thai Beverage leads the gainers on The Straits Times Index, ending 3.5% or S$0.015 up at S$0.44 on Jun 9. Thai Beverage leads the gainers on The Straits Times Index, ending 3.5% or S$0.015 up at S$0.44 on Jun 9. https://www.businesstimes.com.sg/companies-markets/energy-commodities/giant-oil-supertanker-orders-eclipse-record-set-2008 The Business Times en 2026-06-09T18:12:25+08:00 Giant oil supertanker orders eclipse record set in 2008 https://cassette.sphdigital.com.sg/image/businesstimes/e483262a3807d49657af183a5a485b83d61264d0d8f5b03af9e633efdbd72f2c The Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, June 6, 2026. At the start of the Iran war, around 9% of the world’s non-sanctioned, compliant VLCC fleet was locked up in the Persian Gulf, though some supertankers have managed to leave the area in the weeks since. https://www.businesstimes.com.sg/companies-markets/nio-denies-us-allegations-says-inclusion-chinese-military-companies-list-will-not-impact-business The Business Times en 2026-06-09T18:06:35+08:00 Nio denies US allegations, says inclusion on Chinese military companies list ‘will not impact’ business https://cassette.sphdigital.com.sg/image/businesstimes/cd84b564f3b14602ddfda3960e56e0a9ce09448618f0f641a78acad489977a79 Nio says that it will be engaging the US Department of Defense over its inclusion on the list. Nio says that it will be engaging the US Department of Defense over its inclusion on the list. https://www.businesstimes.com.sg/opinion-features/trumps-sliding-approval-ratings-weigh-republicans-prospects-us-midterms The Business Times en 2026-06-09T18:00:00+08:00 Trump’s sliding approval ratings weigh on Republicans’ prospects in US midterms https://cassette.sphdigital.com.sg/image/businesstimes/8cd0637bf375ebea678adcde923d01f8a1a5b4885f8283836bfeae805c0b031c More than half of Americans believe US President Donald Trump is using his office for personal gain, according to a poll. More than half of Americans believe US President Donald Trump is using his office for personal gain, according to a poll. https://www.businesstimes.com.sg/international/asean/bank-indonesias-emergency-rate-hike-buys-time-battered-rupiah-investor-doubts-linger The Business Times en 2026-06-09T17:54:08+08:00 Bank Indonesia’s emergency rate hike buys time for battered rupiah, but investor doubts linger https://cassette.sphdigital.com.sg/image/businesstimes/3838fe11211ce7a7947d236a47ead02ab5ce119c43db42b78be7df429298c624 epa13008313 A gas station attendant makes a transaction using Indonesian rupiah banknotes at a gas station in Aceh, Indonesia, 01 June 2026. The rupiah touched IDR 17,910 per US dollar at the start of the Asian trading session, weakening 0.61 percent from the previous close of IDR 17,801 per US dollar amid growing market concerns over the country's economic fundamentals. EPA/HOTLI SIMANJUNTAK The rupiah strengthened modestly to around 18,085 per US dollar after the central bank's announcement on Jun 9, recovering from the record low of 18,190 touched a day earlier. https://www.businesstimes.com.sg/singapore/grab-enterprisesg-launch-scheme-help-small-fb-businesses-grow-customer-demand-and-capabilities The Business Times en 2026-06-09T17:22:37+08:00 Grab, EnterpriseSG launch scheme to help small F&B businesses grow customer demand and capabilities https://cassette.sphdigital.com.sg/image/businesstimes/933dd193facbc5c515ac855ca19868b130eaa5370a546b500593e9edad1d0301 Grab and EnterpriseSG's new initiative aims to improve small F&B merchants' visibility and business capabilities through promotional deals and providing guidance. Senior Minister of State for Trade and Industry Low Yen Ling (in pink jacket) and Grab Singapore's managing director Alejandro Osorio (to the immediate right of the sign) at the launch of the “Grab Full House Mission” on Tuesday (Jun 9). https://www.businesstimes.com.sg/property/buyer-flips-london-mega-mansion-ps56-million-mark The Business Times en 2026-06-09T17:21:49+08:00 Buyer flips London mega mansion for £56 million mark up https://cassette.sphdigital.com.sg/image/businesstimes/32062ccccdbf16a89a864cb7ead4d0b08f0bcd1447c2666407331de8e0aa63c7 The Holme is a white stucco villa located next to London Zoo and a boating lake in Regent's Park. The Holme is a white stucco villa located next to London Zoo and a boating lake in Regent's Park. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/gsk-buy-nuvalent-us10-6-billion-expand-cancer-drugs The Business Times en 2026-06-09T17:05:48+08:00 GSK to buy Nuvalent for US$10.6 billion to expand in cancer drugs https://cassette.sphdigital.com.sg/image/businesstimes/0e239211cd30b3508a1751310ac5d62d952c2a4080c572a1e14591464a90c975 This marks a significant expansion of GSK’s cancer portfolio, which has been slowly growing since it returned to the disease space in 2019. This marks a significant expansion of GSK’s cancer portfolio, which has been slowly growing since it returned to the disease space in 2019. https://www.businesstimes.com.sg/international/china-prepares-two-trillion-yuan-plan-fund-nationwide-ai-build-out The Business Times en 2026-06-09T16:57:48+08:00 China prepares two trillion yuan plan to fund nationwide AI build-out https://cassette.sphdigital.com.sg/image/businesstimes/41cd2444fdbb631885dccc10e89924ff734310985b1e65ad1ec6f5153f63e745 The over-arching plan represents Beijing’s most aggressive endeavour yet to lay the foundation for future Chinese AI development. The overarching plan represents Beijing’s most aggressive endeavour yet to lay the foundation for future Chinese AI development. https://www.businesstimes.com.sg/wealth/wealth-investing/state-play-half-time-2026 The Business Times en 2026-06-09T16:57:37+08:00 State of play at half-time of 2026 https://cassette.sphdigital.com.sg/image/businesstimes/c96a7ff74925a3c63b23ce4fa9d0e5af8b42a21f3e835d3bd34c8b4c7f731d79 Equity markets rallied in April and May despite headwinds in the Middle East peace process, inflationary pressure and rising bond yields. Equity markets rallied in April and May despite headwinds in the Middle East peace process, inflationary pressure and rising bond yields. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-funds-skilled-trades-jobs-programme-ai-data-centre-buildout The Business Times en 2026-06-09T16:55:05+08:00 Meta funds skilled trades jobs programme for AI data-centre buildout https://cassette.sphdigital.com.sg/image/businesstimes/9ad220b54ad9629203806585c163281a89f231d87a6176c7bc8384e94783b687 The investment is a tiny slice of the US$600 billion total Meta has pledged to invest in US infrastructure and jobs over the next three years. The investment is a tiny slice of the US$600 billion total Meta has pledged to invest in US infrastructure and jobs over the next three years. https://www.businesstimes.com.sg/opinion-features/columns/sgxs-global-listing-board-needs-few-strong-listings-right-out-gate The Business Times en 2026-06-09T16:53:58+08:00 SGX’s Global Listing Board needs a few strong listings right out the gate https://cassette.sphdigital.com.sg/image/businesstimes/ed441987dfccc67460955aedfcdfb4083107465771c8642f84ac791b6827536b With the Global Listing Board, the stakes are high for SGX to ensure the first few listing perform well. With the Global Listing Board, the stakes are high for SGX to ensure the first few listings perform well. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-steady-middle-east-tensions-focus The Business Times en 2026-06-09T16:32:55+08:00 European shares steady; Middle East tensions in focus https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index edged 0.1 per cent higher to 622.68 points by 0708 GMT on Tuesday. The Stoxx 600 index edged 0.1 per cent higher to 622.68 points by 0708 GMT on Tuesday. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apples-ios-27-filled-hints-about-its-upcoming-foldable-iphone The Business Times en 2026-06-09T16:17:04+08:00 Apple’s iOS 27 is filled with hints about its upcoming foldable iPhone https://cassette.sphdigital.com.sg/image/businesstimes/19472a2e7ee76f30b806aada0c8ef2ac40bcf7ceb9a93bd16d5feec5d4e1ac42 Apple's chief executive Tim Cook speaks during Apple's annual developers conference in Cupertino, California, June 8, 2026. Apple's chief executive Tim Cook speaks during Apple's annual developers conference in Cupertino, California, June 8, 2026. https://www.businesstimes.com.sg/lifestyle/mexico-world-cup-cartels-are-least-your-worries The Business Times en 2026-06-09T16:07:27+08:00 In Mexico for the World Cup? Cartels are the least of your worries https://cassette.sphdigital.com.sg/image/businesstimes/146b49de079188505c097fd6a7b690286edaa8acc650296421cc217a5fa097fa People participate in an attempt to break the Guinness World Record for the world’s largest “Mexican wave” along Reforma Avenue as part of activities ahead of the FIFA World Cup 2026, in Mexico City, Mexico, June 6, 2026. REUTERS/Luis Cortes People participating in an attempt to break the Guinness World Record for the world’s largest “Mexican wave” as part of activities ahead of the Fifa World Cup in Mexico City. https://www.businesstimes.com.sg/companies-markets/bombardier-grow-apac-service-hub-singapore-s100-million-expansion The Business Times en 2026-06-09T15:46:57+08:00 Bombardier to grow Apac service hub in Singapore with S$100 million expansion https://cassette.sphdigital.com.sg/image/businesstimes/901ca08d70a4c87115df4e85566a84bff8f1329443f54e15c61b295978ddd4f4 The new facility will help support demand for Bombardier's jets, such as the Global 8000. The new facility will help support demand for Bombardier's jets, such as the Global 8000. https://www.businesstimes.com.sg/international/asean/oil-shock-drives-philippine-underemployment-rate-near-three-year-high The Business Times en 2026-06-09T15:43:55+08:00 Oil shock drives Philippine underemployment rate to near three-year high https://cassette.sphdigital.com.sg/image/businesstimes/38cdf23019e187f330d0c9bf65d4e5466886854ba0414b7b5642531bb5d92cb7 "Underemployment is present in specific subsectors" such as transportation that includes drivers of taxis, jeepneys and ride-hailing services. "Underemployment is present in specific subsectors" such as transportation that includes drivers of taxis, jeepneys and ride-hailing services. https://www.businesstimes.com.sg/international/global/spacex-ipo-fever-sparks-hunt-proxy-plays-asia The Business Times en 2026-06-09T15:41:33+08:00 SpaceX IPO fever sparks hunt for proxy plays in Asia https://cassette.sphdigital.com.sg/image/businesstimes/2ab2c2cc8189dc6f6f90f8c1041985284248bd12b8bf2a036880e0923d4dd3e5 Retail investors are set for a larger-than-usual slice of the big-ticket IPO, with SpaceX considering allocating as much as 30 per cent to individual investors. Retail investors are set for a larger-than-usual slice of the big-ticket IPO, with SpaceX considering allocating as much as 30 per cent to individual investors. https://www.businesstimes.com.sg/wealth/wealth-investing/three-questions-cut-through-market-noise The Business Times en 2026-06-09T15:34:36+08:00 Three questions to cut through the market noise https://cassette.sphdigital.com.sg/image/businesstimes/eef10a7ed00c8a6a18b8924444947b43a62c6e3824a44ba33c597bb0dd789952 Stock market volatility is 10 times greater today than it was between 2010 and 2019. Stock market volatility is 10 times greater today than it was between 2010 and 2019. https://www.businesstimes.com.sg/international/global/how-anil-ambanis-once-sprawling-business-empire-landed-investigators-crosshairs The Business Times en 2026-06-09T15:24:59+08:00 How Anil Ambani’s once-sprawling business empire landed in investigators’ crosshairs https://cassette.sphdigital.com.sg/image/businesstimes/7d632a95bdd786fd3aee2d3ee55e2140512f76fa85db5d3c5a708932d8f92560 A member of one of India’s wealthiest families, Anil Ambani is embroiled in a series of overlapping probes into his companies. A member of one of India’s wealthiest families, Anil Ambani is embroiled in a series of overlapping probes into his companies. https://www.businesstimes.com.sg/companies-markets/transport-logistics/how-hondas-old-guard-tried-and-failed-oust-its-ceo The Business Times en 2026-06-09T15:19:50+08:00 How Honda’s old guard tried, and failed, to oust its CEO https://cassette.sphdigital.com.sg/image/businesstimes/65d9a3b171e20ae97840aee260ffffe91a02f73ed1161fb7ac8d0a67f8d097a3 Honda CEO Toshihiro Mibe, who became CEO in 2021, will accept a 30% pay cut for three months to take responsibility for the annual loss. Honda CEO Toshihiro Mibe, who became CEO in 2021, will accept a 30% pay cut for three months to take responsibility for the annual loss. https://www.businesstimes.com.sg/lifestyle/ms-academy-offers-alternative-employment-pathways-music-persons-disabilities The Business Times en 2026-06-09T15:19:01+08:00 MS Academy offers alternative employment pathways in music for persons with disabilities https://cassette.sphdigital.com.sg/image/businesstimes/6ccccc4882ed12d3ef837b918659d1f4c20aecfe6e4736f99d22bf3920e9b95d From left: MS Academy students Jonathan Tan, John Chan; and Music Solutions associate director Lenny Mazlan. From left: MS Academy students Jonathan Tan and John Chan with Music Solutions associate director Lenny Mazlan. https://www.businesstimes.com.sg/wealth/wealth-investing/geopolitical-shocks-what-moves-first-and-why-it-matters The Business Times en 2026-06-09T15:18:05+08:00 Geopolitical shocks: What moves first and why it matters https://cassette.sphdigital.com.sg/image/businesstimes/3d85e6340c5dd177d13aab283d899c8344e3c552675c7f1e24417b5459870c62 Energy markets were the first and most forceful point of impact in the Middle East conflict. Energy markets were the first and most forceful point of impact in the Middle East conflict. https://www.businesstimes.com.sg/wealth/wealth-investing/governance-key-families-ability-sustain-generational-wealth-says-us-adviser The Business Times en 2026-06-09T15:14:13+08:00 Governance is key to families’ ability to sustain generational wealth, says US adviser https://cassette.sphdigital.com.sg/image/businesstimes/851e42c6c198d769a4e57fa1ddfc090aeb5b0bb9f0ba1c216e7ce9e9d9adeb93 Vanquour chief executive Lu Zhou aims to build a presence in Asia, with financial education as a linchpin. Vanquour chief executive Zhou Lu aims to build a presence in Asia, with financial education as a linchpin. https://www.businesstimes.com.sg/international/asean/rescuers-race-reach-trapped-after-powerful-quake-southern-philippines The Business Times en 2026-06-09T15:02:15+08:00 Rescuers race to reach trapped after powerful quake in southern Philippines https://cassette.sphdigital.com.sg/image/businesstimes/bdc2943dc59c51024f0c2b3da3a6408a3a1c1f8dc5f26f3bddca2c9c008e8304 An emergency response team member at a damaged building in General Santos City on Jun 9, a day after an earthquake hit the southern Philippines. An emergency response team member at a damaged building in General Santos City on Jun 9, a day after an earthquake hit the southern Philippines. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-consider-pausing-bond-taper-next-fiscal-year-sources The Business Times en 2026-06-09T15:01:08+08:00 Bank of Japan to consider pausing bond taper next fiscal year: sources https://cassette.sphdigital.com.sg/image/businesstimes/a82ec01e5ff29beac1ce80dfd029fd1d8580c89b1983fe1f602f9aad095a8b10 At its Jun 15 to 16 meeting, the BOJ will review its bond taper plan, running through March next year, and lay out a new plan for fiscal 2027 and beyond. At its Jun 15 to 16 meeting, the BOJ will review its bond taper plan, running through March next year, and lay out a new plan for fiscal 2027 and beyond. https://www.businesstimes.com.sg/international/asean/cimb-says-good-time-invest-battered-indonesia-seeks-m The Business Times en 2026-06-09T14:34:42+08:00 CIMB says ‘good time’ to invest in battered Indonesia, seeks M&A https://cassette.sphdigital.com.sg/image/businesstimes/897cacc487bb59025114f42cd69dd288eb6e8fa2d6d95f2fba33a8564b6f50be “For investors who see long-term potential in Indonesia, certainly it is a good time to come in,” CIMB CEO Novan Amirudin said. “For investors who see long-term potential in Indonesia, certainly it is a good time to come in,” CIMB CEO Novan Amirudin said. https://www.businesstimes.com.sg/companies-markets/transport-logistics/glp-aims-us2-billion-asset-sales-year-sources The Business Times en 2026-06-09T14:19:41+08:00 GLP aims for US$2 billion of asset sales this year: sources https://cassette.sphdigital.com.sg/image/businesstimes/f5bd835a26618110b8667117426122387f11d8f1bdd9af059b00a610910daac5 GLP’s US$1 billion bond due in 2028 fell around 20 cents this week – its biggest weekly decline ever – to 75 cents on the US dollar. GLP still has about US$5 billion of assets outside of China after the sale of GCP International. https://www.businesstimes.com.sg/companies-markets/banking-finance/indias-paytm-plans-10-staff-boost-ai-pivot-some-roles-cut The Business Times en 2026-06-09T14:19:34+08:00 India’s Paytm plans 10% staff boost in AI pivot with some roles cut https://cassette.sphdigital.com.sg/image/businesstimes/ec72f0a5f1e916cb4f4b292654a45e4792730500c9e371cad5bd13f72d009f63 Paytm has posted four straight quarters of profit, rebounding from the turmoil caused by India’s banking regulator all but shutting down its banking affiliate. Paytm has posted four straight quarters of profit, rebounding from the turmoil caused by India’s banking regulator all but shutting down its banking affiliate. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/indonesia-raises-rates-surprise-move-support-sinking-rupiah The Business Times en 2026-06-09T14:19:24+08:00 Indonesia raises rates in surprise move to support sinking rupiah https://cassette.sphdigital.com.sg/image/businesstimes/29a5535d5df5c470eb59474412bebccc4d84739177fc1e4094fac73a344f4165 The off-cycle rate hike was necessary because “the rupiah exchange rate has weakened more than expected” since Bank indonesia's last meeting. The off-cycle rate hike was necessary because “the rupiah exchange rate has weakened more than expected” since Bank indonesia's last meeting. https://www.businesstimes.com.sg/international/asean/indonesia-races-plant-rice-early-against-risk-el-nino The Business Times en 2026-06-09T13:42:54+08:00 Indonesia races to plant rice early against risk of El Nino https://cassette.sphdigital.com.sg/image/businesstimes/0dd82fad1955d22c904769e1140d3c3185a0752467bb6a97dfe8e5e3a06e8000 Indonesia’s dry season normally runs from May to August, but this year the weather agency predicts it will stretch longer than usual. Indonesia’s dry season normally runs from May to August, but this year the weather agency predicts it will stretch longer than usual. https://www.businesstimes.com.sg/international/asean/malaysia-eyes-nearly-rm800-billion-electronics-exports-2026 The Business Times en 2026-06-09T13:21:31+08:00 Malaysia eyes nearly RM800 billion in electronics exports in 2026 https://cassette.sphdigital.com.sg/image/businesstimes/c66ace53643a5957453a88e40c9edc97b782a93d983e334e6d4f419c2ff55371 The forecast will likely be achieved despite higher cost pressures on semiconductor manufacturing due to the war in Iran, which has driven up the price of helium. The forecast will likely be achieved despite higher cost pressures on semiconductor manufacturing due to the war in Iran, which has driven up the price of helium. https://www.businesstimes.com.sg/companies-markets/transport-logistics/singpost-unveils-s30-million-sortation-machines-will-boost-its-parcels-processing-capacity The Business Times en 2026-06-09T13:00:00+08:00 SingPost unveils S$30 million sortation machines that will boost its parcels processing capacity https://cassette.sphdigital.com.sg/image/businesstimes/a24d4a2fc64b6e4a6a20ceb0e1ae73eeab93771f545bc5422db987c7c7f796be The facility was launched by (from right) Minister for Digital Development and Information Josephine Teo on Tuesday (Jun 9), pictured here with Teo Swee Lian, SingPost non-independent non-executive director and chairman, and CEO Mark Chong. Minister for Digital Development and Information Josephine Teo (far right) at the launch of the facility. With her are SingPost CEO Mark Chong (at left) and chairman Teo Swee Lian (partially hidden). https://www.businesstimes.com.sg/companies-markets/reits-property/s-reits-positioned-recovery-yield-spreads-widen-analysts The Business Times en 2026-06-09T12:42:10+08:00 S-Reits ‘positioned for recovery’ as yield spreads widen: analysts https://cassette.sphdigital.com.sg/image/businesstimes/3c934b7e0d37ffd1ef7705599e06453640ad859c9728061e83039bf7b063900f Both brokerages' mutual favourite CapitaLand Integrated Commercial Trust is fully acquiring Paragon for about $3.9 billion. Both brokerages' mutual favourite CapitaLand Integrated Commercial Trust is fully acquiring Paragon for about $3.9 billion. https://www.businesstimes.com.sg/property/sime-darby-property-launches-rm1-25-billion-fund-data-centres-industrial-assets The Business Times en 2026-06-09T12:41:13+08:00 Sime Darby Property launches RM1.25 billion fund for data centres, industrial assets https://cassette.sphdigital.com.sg/image/businesstimes/07ad6804e82116af3c3f375d97726cc63c6545caf188fcdf855b6d34f8e35b7e Sime Darby Property will act as the fund’s general partner and sponsor. Sime Darby Property will act as the fund’s general partner and sponsor. https://www.businesstimes.com.sg/international/japans-budget-reform-biggest-1945-finance-minister-says The Business Times en 2026-06-09T12:21:31+08:00 Japan’s budget reform biggest since 1945, finance minister says https://cassette.sphdigital.com.sg/image/businesstimes/19d0db6f18769e59ce1442baaa8af19d71af2d88c1d617ed7cd69ce01ff62c48 Katayama has emphasised the importance of maintaining market confidence through communication. Satsuki Katayama emphasises the importance of maintaining market confidence through communication. https://www.businesstimes.com.sg/property/daiwa-real-estate-unit-aims-raise-rents-fight-higher-rates The Business Times en 2026-06-09T12:15:59+08:00 Daiwa real estate unit aims to raise rents to fight higher rates https://cassette.sphdigital.com.sg/image/businesstimes/fad6ba32294a05151da296ba57140d11772ceda54778f1b2154d6103428737a7 Daiwa uses the consumer price index as a benchmark for raising rents. Daiwa uses the consumer price index as a benchmark for raising rents. https://www.businesstimes.com.sg/lifestyle/arts-design/cj-hendrys-wildly-successful-flower-market-town-juju-world-follow The Business Times en 2026-06-09T12:13:48+08:00 CJ Hendry’s wildly successful Flower Market is in town, with JuJu World to follow https://cassette.sphdigital.com.sg/image/businesstimes/03c349c4030881459454759ea052f4234b504e2d95d0a8f8e93f436f4bc2e9fc CJ Hendry's Flower Market at IMBA Theatre, Gardens by the Bay. CJ Hendry's Flower Market at IMBA Theatre, Gardens by the Bay, is making its South-east Asian debut in Singapore this week. https://www.businesstimes.com.sg/international/asean/vietnam-orders-airlines-accelerate-us-deals-washington-trade-probes-mount The Business Times en 2026-06-09T12:01:38+08:00 Vietnam orders airlines to accelerate US deals as Washington trade probes mount https://cassette.sphdigital.com.sg/image/businesstimes/45c19b7938997defc5909d01d307edfd5a7689fb2e4d1987b601745654624847 Vietnam Airlines and Vietjet Air together signed a deal to purchase 250 Boeing 737 MAX aircraft. Vietnam Airlines and Vietjet Air together signed a deal to purchase 250 Boeing 737 MAX aircraft. https://www.businesstimes.com.sg/opinion-features/why-europes-tariff-plans-china-wont-solve-its-trade-problem The Business Times en 2026-06-09T12:00:00+08:00 Why Europe’s tariff plans on China won’t solve its trade problem https://cassette.sphdigital.com.sg/image/businesstimes/619a1bc03eff1d0bf4b5b26fa0a81c8cd2f6881216a4adf5138d679c62b926eb Nearly 40% of the EU’s total car production is for export, and the unit value of European auto exports is twice as high as that of imports from China. Nearly 40% of the EU’s total car production is for export, and the unit value of European auto exports is twice as high as that of imports from China. https://www.businesstimes.com.sg/international/global/china-export-growth-beats-forecasts-may-ai-boom-gulf-war-stockpiling The Business Times en 2026-06-09T11:31:31+08:00 China export growth beats forecasts in May on AI boom, Gulf war stockpiling https://cassette.sphdigital.com.sg/image/businesstimes/2d957943f7a9f54e3359a57b0405b2a48bbbc26c3b6f4e9419a2e51149e3da9f Exports expanded 19.4% from a year earlier in US dollar value terms. Exports expanded 19.4% from a year earlier in US dollar value terms, outpacing the 14.1% gain in April. https://www.businesstimes.com.sg/international/global/sri-lanka-emerging-new-base-asias-scam-networks-after-crackdown-cambodia The Business Times en 2026-06-09T11:20:56+08:00 Sri Lanka emerging as a new base for Asia’s scam networks after crackdown in Cambodia https://cassette.sphdigital.com.sg/image/businesstimes/a00aab3e42339da84d7a15712e3b8902818b7a87d613a716076df2c261e1a613 Authorities in Sri Lanka have set up a new cybercrimes unit and say they have arrested more than 1,000 people this year alone. Some operators appear to be shifting from large compounds to hotels, apartment buildings and office space that can be rented quickly and abandoned just as fast. https://www.businesstimes.com.sg/international/global/north-korean-and-chinese-leaders-pledge-deeper-economic-cooperation-pyongyang-summit The Business Times en 2026-06-09T11:07:44+08:00 North Korean and Chinese leaders pledge deeper economic cooperation at Pyongyang summit https://cassette.sphdigital.com.sg/image/businesstimes/852d247d5faf4124d511f3c59edeb9b9762e560e82efa806280527ed1de3669d Chinese President Xi Jinping shakes hands with North Korean leader Kim Jong Un during Xi's state visit to Pyongyang on Jun 8. Chinese President Xi Jinping shakes hands with North Korean leader Kim Jong Un during Xi's state visit to Pyongyang on Jun 8. https://www.businesstimes.com.sg/property/global-hotel-giants-bet-indias-local-travel-boom-can-defy-slowdown The Business Times en 2026-06-09T10:42:49+08:00 Global hotel giants bet India’s local travel boom can defy slowdown https://cassette.sphdigital.com.sg/image/businesstimes/13bf888466e26d70bc9caeee96dea4c679861ee90b7a869dd8f8b4286de6c1b1 IHG Hotels & Resorts in May said that it would work with the airports arm of Adani Group to develop five hotels in key aviation hubs and debut its ultra-luxury Kimpton brand in India. IHG Hotels & Resorts in May said that it would work with the airports arm of Adani Group to develop five hotels in key aviation hubs and debut its ultra-luxury Kimpton brand in India. https://www.businesstimes.com.sg/companies-markets/banking-finance/maybank-handles-rm20-billion-deals-singapore-malaysia-hub The Business Times en 2026-06-09T10:31:05+08:00 Maybank handles RM20 billion deals for Johor-Singapore Special Economic Zone https://cassette.sphdigital.com.sg/image/businesstimes/3a38abb449fd3dd6623478c089c953f8ada648d90125d3121b467cbef6ad84c0 Maybank has helped establish nine family offices in Johor. Maybank has helped establish nine family offices in Johor. https://www.businesstimes.com.sg/startups-tech/perplexity-planning-2028-ipo-regardless-anthropic-or-openai-listings-reports-cnbc The Business Times en 2026-06-09T10:23:28+08:00 Perplexity planning 2028 IPO regardless of Anthropic or OpenAI listings, reports CNBC https://cassette.sphdigital.com.sg/image/businesstimes/dc9edcdff2421d72a03b7c57ca6a38ea3b72b3929e20952853e0aa7881101d10 In 2025, addressing speculation about Perplexity’s finances, its CEO said the firm was not running out of money and had no plans to go public before 2028. In 2025, addressing speculation about Perplexity’s finances, its CEO said the firm was not running out of money and had no plans to go public before 2028. https://www.businesstimes.com.sg/companies-markets/keppel-enters-south-koreas-data-centre-market-60-mw-greenfield-project The Business Times en 2026-06-09T10:12:47+08:00 Keppel enters South Korea’s data centre market with 60 MW greenfield project https://cassette.sphdigital.com.sg/image/businesstimes/c6ceed1e3f7aafcf7a7b3fbfb0d42f9a0c8d7aa6fb8bd3f1a2d87bfbeb3ffb9d Keppel's private fund has secured land in Ansan, located within the Seoul Metropolitan Area (SMA), to develop a 60 megawatt (MW) greenfield data centre. Keppel's private fund has secured land in Ansan, within the Seoul Metropolitan Area, to develop the greenfield data centre. https://www.businesstimes.com.sg/international/asean/ev-maker-vinfasts-revenue-jumps-south-east-asian-demand-loss-widens The Business Times en 2026-06-09T10:05:05+08:00 EV maker VinFast’s revenue jumps on South-east Asian demand, but loss widens https://cassette.sphdigital.com.sg/image/businesstimes/6c4e23b4e591615d2092e6dedd9462a30bcaa09f101e4811373c13d7afb12afe In recent years, VinFast has shifted focus to South-east Asia and India, targeting high-population markets, though it did not provide a sales breakdown by geography. In recent years, VinFast has shifted focus to South-east Asia and India, targeting high-population markets, though it did not provide a sales breakdown by geography. https://www.businesstimes.com.sg/companies-markets/banking-finance/ubs-reduces-asia-esg-staff-half-global-restructuring The Business Times en 2026-06-09T09:34:20+08:00 UBS reduces Asia ESG staff by half in global restructuring https://cassette.sphdigital.com.sg/image/businesstimes/a8f28f2ce741e4f9c2082f16dba24dc90d79fa7b279cf0e77149c496186d404c UBS has been scaling back its environmental, social and governance functions following its integration of Credit Suisse. UBS has been scaling back its environmental, social and governance functions following its integration of Credit Suisse. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/spacex-ipo-well-oversubscribed-us10-billion-orders The Business Times en 2026-06-09T09:33:12+08:00 SpaceX IPO is well oversubscribed with US$10 billion orders https://cassette.sphdigital.com.sg/image/businesstimes/b4001cbb771009efd4fde679df95abc2e3e25bcd877cf840e2942927dd6cbac9 A SpaceX Super Heavy booster lifts off at Starbase in Texas on May 22. The company is allocating as much as 30% of the initial public offering to retail. A SpaceX Super Heavy booster lifts off at Starbase in Texas on May 22. The company is allocating as much as 30% of the initial public offering to retail. https://www.businesstimes.com.sg/international/now-you-see-it-now-you-dont-why-data-cant-capture-ai-revolution The Business Times en 2026-06-09T09:26:52+08:00 Now you see it, now you don’t: Why data can’t capture the AI revolution https://cassette.sphdigital.com.sg/image/businesstimes/b668e5011c66d23d75abcd0055a0ceacfc644b0fdc1760fed0fe1f031e3af26e Michael Spence says that when something revolutionary like AI arrives, people tend to overestimate its impact in the short run and underestimate it in the long run. Michael Spence says that when something revolutionary like AI arrives, people tend to overestimate its impact in the short run and underestimate it in the long run. https://www.businesstimes.com.sg/companies-markets/banking-finance/how-banks-are-using-spacex-woo-super-rich The Business Times en 2026-06-09T09:21:02+08:00 How banks are using SpaceX to woo the super rich https://cassette.sphdigital.com.sg/image/businesstimes/ac8e98097bf994a71c360b6e6dcf630f5a70a7cb2ea533a7be188e1c4711d976 Recently, Morgan Stanley hosted an event for its wealth management clients to hear from the SpaceX management team. Recently, Morgan Stanley hosted an event for its wealth management clients to hear from the SpaceX management team. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/us-says-byd-baidu-alibaba-and-other-tech-giants-are-aiding-chinas-military The Business Times en 2026-06-09T08:57:49+08:00 US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military https://cassette.sphdigital.com.sg/image/businesstimes/37dca417213bd99662ad704e0247ee4995df7acfbf7a1ef02e1a1f08cad1cb2a Listed companies can petition for removal, Pentagon says. Listed companies can petition for removal, Pentagon says. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steadies-after-israel-and-iran-agree-end-missile-strikes The Business Times en 2026-06-09T08:27:34+08:00 Gold steadies after Israel and Iran agree to end missile strikes https://cassette.sphdigital.com.sg/image/businesstimes/d0c55e2988b5d1ccc382883ca9fda612b9775c106a1c5ccb595821e9ac1cc954 Bullion fell sharply in the early days of the Middle East conflict and remains about 18% below its immediate prewar level. Bullion fell sharply in the early days of the Middle East conflict and remains about 18% below its immediate prewar level. https://www.businesstimes.com.sg/companies-markets/stocks-watch-keppel-starhill-global-reit-ley-choon The Business Times en 2026-06-09T08:24:20+08:00 Stocks to watch: Keppel, Starhill Global Reit, Ley Choon https://cassette.sphdigital.com.sg/image/businesstimes/a6090419d0d9e66cbba5375099d61c4e69c3c61a88cee4d633fe859c69c4ef29 The Keppel Data Centre Fund III has secured land to develop a 60 megawatt greenfield data centre in Seoul, South Korea. The Keppel Data Centre Fund III has secured land to develop a 60 megawatt greenfield data centre in Seoul, South Korea. https://www.businesstimes.com.sg/esg/singapore-brings-back-19th-century-tech-beat-warming-climate The Business Times en 2026-06-09T08:06:31+08:00 Singapore brings back 19th-century tech to beat warming climate https://cassette.sphdigital.com.sg/image/businesstimes/24b2e262c2fc3dc0a4868a9fa306f19cc0b9edf467ad3eb1f06419d59dbe0862 district cooling pipes The old technology uses less electricity than centralised air conditioners is a major advantage for a resource-starved country. https://www.businesstimes.com.sg/startups-tech/technology/apple-investors-give-lukewarm-reaction-new-siri-ai-platform The Business Times en 2026-06-09T07:53:47+08:00 Apple investors give lukewarm reaction to new Siri, AI platform https://cassette.sphdigital.com.sg/image/businesstimes/7015e045167bd80848c2fcbdb8b2151c663453949d7bf0e80b4d73c1fb55c042 The Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on Jun 8. The Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on Jun 8. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alphabet-taps-intel-make-three-million-house-chips-report The Business Times en 2026-06-09T07:31:45+08:00 Alphabet taps Intel to make three million in-house chips: report https://cassette.sphdigital.com.sg/image/businesstimes/b1feb1fcb63e09a9565fba2b7a37a0aa7ab85e222ed882b378bde1475c484933 Google has been pushing to make its in-house AI chips a viable alternative to Nvidia’s dominant GPUs. Google has been pushing to make its in-house AI chips a viable alternative to Nvidia’s dominant GPUs. https://www.businesstimes.com.sg/opinion-features/oil-market-calm-masks-host-unknowns The Business Times en 2026-06-09T07:15:00+08:00 Oil market calm masks a host of unknowns https://cassette.sphdigital.com.sg/image/businesstimes/fbbce8fe09bca846dc47f85e2b2794d9d367ac165e9f16c674045f45d1ec72a0 Oil storage tanks and facilities of Xinhai Oils Storage Co in China's Zhejiang province. China has never published timely or comprehensive data of its consumption, creating a big unknown for the oil market. Oil storage tanks and facilities of Xinhai Oils Storage Co in China's Zhejiang province. China does not publish timely or comprehensive consumption data, creating a big unknown for the oil market. https://www.businesstimes.com.sg/opinion-features/south-east-asia-can-lead-energy-transition-its-partners The Business Times en 2026-06-09T07:00:00+08:00 South-east Asia can lead the energy transition with its partners https://cassette.sphdigital.com.sg/image/businesstimes/f3bd1e0b0b4691e61f5edbeffe823ff84909907143cc71511b63ef5e57a40807 South-east Asia's growth trajectory means its energy choices will have global consequences, and Singapore is emerging as a key player in the coming years.  South-east Asia's growth trajectory means its energy choices will have global consequences, and Singapore is emerging as a key player in the coming years. https://www.businesstimes.com.sg/singapore/singapore-employers-willing-pay-premium-ai-skills-amid-softer-hiring-sentiment-survey The Business Times en 2026-06-09T07:00:00+08:00 Singapore employers willing to pay premium for AI skills amid softer hiring sentiment: survey https://cassette.sphdigital.com.sg/image/businesstimes/109ad0c40e9aef53c2590f86ec52622ea607ea1d2862507369ee699e4de5af20 singapore workers Survey found that 35% of Singapore employers plan to increase headcounts between July and September. https://www.businesstimes.com.sg/opinion-features/world-long-drawn-crises-wait-and-see-may-be-decreasingly-tenable-stance The Business Times en 2026-06-09T07:00:00+08:00 In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance https://cassette.sphdigital.com.sg/image/businesstimes/7850f22a1f6493af2b41ffb98c0d1d86d8129ca68537abe1d432d3a25e5a8abe Maritime vessels off Singapore's waters. The war on Iran, which has disrupted global supply chains, entered its 100th day on Jun 6. Maritime vessels off Singapore's waters. The war on Iran, which has disrupted global supply chains, entered its 100th day on Jun 6. https://www.businesstimes.com.sg/singapore/strong-us-dollar-and-tariff-threats-ignite-broad-asian-currency-sell The Business Times en 2026-06-09T07:00:00+08:00 Strong US dollar and tariff threats ignite broad Asian currency sell-off https://cassette.sphdigital.com.sg/image/businesstimes/3d8973918c46d7bd1b17ef6f80ad955e7edb170347884dea935d9538426b8fd9 兑换率、新币、新元、美金、美元、马币、令吉、钞票、纸钞、人民币、日元。Currency, US Dollar，Malaysian Ringgit，Singapore dollars，stock photo. The rupiah sank to lows a few times in the past week, with the currency breaching the 14,000 threshold against the Singapore dollar on Wednesday. https://www.businesstimes.com.sg/companies-markets/new-ncs-chief-bets-deeper-government-contracts-even-ai-shrinks-workload The Business Times en 2026-06-09T07:00:00+08:00 New NCS chief bets deeper on government contracts, even as AI shrinks the workload https://cassette.sphdigital.com.sg/image/businesstimes/1d6b8878b2bf507779e52e8e35c7c728b18a1f6b5911318af11e8b15e52d1295 “I worry about whether our people will reskill quick enough,” said Sam Liew, CEO of NCS. “I worry about whether our people will reskill quickly enough,” says Sam Liew, CEO of NCS. https://www.businesstimes.com.sg/international/trumps-us100000-h-1b-visa-application-fee-rejected-judge The Business Times en 2026-06-09T06:53:24+08:00 Trump’s US$100,000 H-1B visa application fee rejected by judge https://cassette.sphdigital.com.sg/image/businesstimes/d8758a8cb75f8569b738094ed3e81a14789debd25801c0d8aa1a0d3fdadb37a8 The H-1B visa programme is a cornerstone of employment-based immigration, allowing companies in the US to hire college-educated foreign workers for specialised occupations. The administration has defended the application fee as a necessary step to reform the H-1B visa programme. https://www.businesstimes.com.sg/startups-tech/openai-files-us-ipo-after-rival-anthropic-ai-giants-head-public-markets The Business Times en 2026-06-09T06:42:31+08:00 OpenAI files for US IPO after rival Anthropic as AI giants head to public markets https://cassette.sphdigital.com.sg/image/businesstimes/bd344d8dee54b300a130560ca1799d7e6f80476366b49ad7008cea3c2a283605 OpenAI faces a number of challenges, including heightened competition from Anthropic and Alphabet’s Google.  OpenAI faces a number of challenges, including heightened competition from Anthropic and Alphabet’s Google.  https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-investors-await-clarity-after-iran-israel-halt-attacks The Business Times en 2026-06-09T06:03:10+08:00 Oil falls as investors await clarity after Iran-Israel halt attacks https://cassette.sphdigital.com.sg/image/businesstimes/1a77bd7d2cd9e30fbc7409605615437944a943356f2b74e932096373bb6968d1 A specialist works at a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. REUTERS/Pavel Mikheyev Prices climbed as much as 5% in the previous session after renewed Israeli strikes on Iran and attacks in Lebanon reduced hopes of an imminent end to the wider war. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-nasdaq-rise-tech-chipmakers-rebound The Business Times en 2026-06-09T05:46:21+08:00 S&P 500, Nasdaq rise as tech, chipmakers rebound https://cassette.sphdigital.com.sg/image/businesstimes/83624d9a5fd50a362ff115c1931154acad505422cfeccd377e12c7e451ca4be8 The Dow ended lower and stocks overall closed off the day’s highs. Stocks sold off on Friday after hitting a series of record highs recently. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-closes-subdued-oil-rally-fades-italian-banks-focus The Business Times en 2026-06-09T05:33:39+08:00 Europe’s Stoxx 600 closes subdued as oil rally fades; Italian banks in focus https://cassette.sphdigital.com.sg/image/businesstimes/4d210ff5745edfde8c925cb749aebe0f05bbe2f023b4862efabdca28cda8caf4 The pan-European Stoxx 600 index ended 0.2 per cent lower at 621.73 points, after hitting a two-week low earlier in the session. Markets pricing in a 25-basis-point rate hike as the Iran conflict threatens to intensify Europe’s energy crunch and revive inflation concerns. https://www.businesstimes.com.sg/podcasts/cpf-life-vs-ilp-false-choice The Business Times en 2026-06-09T05:00:00+08:00 CPF Life vs ILP: a false choice? https://cassette.sphdigital.com.sg/image/businesstimes/8204909aa27e5770add75f4e6d0a19e3a8f2ad6b6bae60272a36ed589589e4be What’s the best way to guard against such mis-selling? What’s the best way to guard against such mis-selling? https://www.businesstimes.com.sg/international/global/us-helicopter-pilots-who-went-down-strait-hormuz-are-fine-says-trump The Business Times en 2026-06-08T23:04:38+08:00 US helicopter pilots who went down in Strait of Hormuz are fine, says Trump https://cassette.sphdigital.com.sg/image/businesstimes/da8d7d2a9f37f24f4afd16cc5df98732ae6fb1a4048d4987aafbce06c7b20acf It was not clear whether the Apache was shot down by Iranian fire, experienced mechanical failure or encountered some other problem as it went down near Hormuz. It was not clear whether the Apache was shot down by Iranian fire, experienced mechanical failure or encountered some other problem as it went down near Hormuz. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-gains-chips-rebound-middle-east-tensions-ease The Business Times en 2026-06-08T22:49:34+08:00 US stocks: Wall Street gains as chips rebound, Middle East tensions ease https://cassette.sphdigital.com.sg/image/businesstimes/b8198e42599bd9a7d6c1476334546eaa0f0ba2d291a0475518feaade5cf779b3 At 9.37 am ET on Monday, the Dow Jones Industrial Average rose 146.11 points, or 0.29 per cent, to 51,015.91. At 9.37 am ET on Monday, the Dow Jones Industrial Average rose 146.11 points, or 0.29 per cent, to 51,015.91. https://www.businesstimes.com.sg/international/uk-sets-out-ps1-1-billion-ai-hardware-plan-supercomputer-chip-funding The Business Times en 2026-06-08T22:15:45+08:00 UK sets out £1.1 billion AI hardware plan with supercomputer, chip funding https://cassette.sphdigital.com.sg/image/businesstimes/74045255be1778475976af6c8266cec15a5085fe02893c9d5c8b22f4f9a5e432 A £750 million national AI supercomputer will deploy in 2030, using a mixed chip system combining proven and next-generation processors. A £750 million national AI supercomputer will deploy in 2030, using a mixed chip system combining proven and next-generation processors. https://www.businesstimes.com.sg/international/us-dollar-eases-slightly-after-iran-says-attacks-israel-have-ended The Business Times en 2026-06-08T21:50:39+08:00 US dollar eases slightly after Iran says attacks on Israel have ended https://cassette.sphdigital.com.sg/image/businesstimes/7300f4e36b106f3b042cccef9d1b158d351006934a92acfa91b92e79a21ad3e4 The Federal Open Market Committee meets next week for the first time under new Chair Kevin Warsh. Markets see a roughly 50 per cent chance of a hike by September. The US dollar held most of the gains made on the back of Friday’s non-farm payrolls report https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-investors-look-ai-power-next-leg-gains The Business Times en 2026-06-08T21:18:15+08:00 Apple investors look for AI to power next leg of gains https://cassette.sphdigital.com.sg/image/businesstimes/6bd3466175fd6df84e2a5d786e832dac3727ebdb63761f242788d87dec6c840d Many analysts are optimistic that a strong AI showing at WWDC will support further gains for Apple shares. Many analysts are optimistic that a strong AI showing at WWDC will support further gains for Apple shares. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/jj-buy-cancer-drug-technology-developer-firefly-bio-us1-billion The Business Times en 2026-06-08T20:52:01+08:00 J&J to buy cancer drug technology developer Firefly Bio for US$1 billion https://cassette.sphdigital.com.sg/image/businesstimes/7a86a5d240b6dd542259a804f40574482bc996c671292bc0d093201c867333d3 The transaction is expected to close later this year. The transaction is expected to close later this year. https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-steadies-after-us60000-breach-saylor-hints-buying The Business Times en 2026-06-08T20:26:27+08:00 Bitcoin steadies after US$60,000 breach as Saylor hints at buying https://cassette.sphdigital.com.sg/image/businesstimes/2d5df5d531ff60c59e3648c21e092a9966d476cad15de5a666a56d2835a54f1a The recovery comes after Bitcoin had slumped roughly 7 per cent to US$59,101 on Friday. The recovery comes after Bitcoin had slumped roughly 7 per cent to US$59,101 on Friday. https://www.businesstimes.com.sg/singapore/singapore-must-become-more-cohesive-global-outlook-remains-uncertain-pm-wong The Business Times en 2026-06-08T19:59:42+08:00 Singapore must become more cohesive as global outlook remains uncertain: PM Wong https://cassette.sphdigital.com.sg/image/businesstimes/4cce0abb822efc6952ba44f59fe9f651094cc218a1ed3c85fe316926a9e80029 Prime Minister Lawrence Wong speaking to the Singapore Press Club members at the Eminent Speaker Series event at SPH on June 8, 2026. PM Lawrence Wong (left) speaking at the dialogue which was part of the Singapore Press Club’s Eminent Speaker Series. The session was moderated by Zakir Hussain (right), the associate editor of "The Straits Times" . https://www.businesstimes.com.sg/international/asean/indonesia-asks-police-probe-hundreds-firms-palm-prices The Business Times en 2026-06-08T19:21:39+08:00 Indonesia asks police to probe hundreds of firms on palm prices https://cassette.sphdigital.com.sg/image/businesstimes/f85563c117456c96e49c1bc214f75d6cc16ccc5d2f84ab4c6831462105fcd454 The Indonesian government announced late last month it would take control of some key commodity exports in a sweeping overhaul.  The Indonesian government announced late last month it would take control of some key commodity exports in a sweeping overhaul.  https://www.businesstimes.com.sg/international/universal-music-sounds-out-investors-one-billion-euro-bond-sale The Business Times en 2026-06-08T19:16:00+08:00 Universal Music sounds out investors for one billion euro bond sale https://cassette.sphdigital.com.sg/image/businesstimes/c7e92d2ade59482b81e9ecdc2d800fba2771655d86223bc01cdd19bbd4c25e60 Universal Music has a one euro billion bridge loan, which was arranged earlier in 2026, that matures in late July. Universal Music has a one euro billion bridge loan, which was arranged earlier in 2026, that matures in late July. https://www.businesstimes.com.sg/companies-markets/aem-top-glove-among-additions-iedge-singapore-next-50-indices-june-review The Business Times en 2026-06-08T19:05:26+08:00 AEM, Top Glove among additions to iEdge Singapore Next 50 Indices in June review https://cassette.sphdigital.com.sg/image/businesstimes/90d328bbbcc7ba5a5ad9525550ba33a6970b8837d261d6024a9053c11afb4e5a The iEdge Singapore Next 50 Indices saw movement in its June review. Four companies were added and four dropped from the iEdge Singapore Next 50 Indices in the June review. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-8 The Business Times en 2026-06-08T19:04:47+08:00 Daily Debrief: What Happened Today (Jun 8) https://cassette.sphdigital.com.sg/image/businesstimes/86d21e6d51ed3715f369a1d7630aba2ae83723c8fd34d8c6bef0ffffe0682da6 "To deepen capital flows, Singapore needs a more vibrant ecosystem around stored gold, including collateralised lending and gold-backed financing," says Priyanka Sachdeva of Phillip Nova. "To deepen capital flows, Singapore needs a more vibrant ecosystem around stored gold, including collateralised lending and gold-backed financing," says Priyanka Sachdeva of Phillip Nova. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/tencent-seeks-us4-billion-us-dollar-bond-and-offshore-yuan-bond-sale-sources The Business Times en 2026-06-08T18:44:52+08:00 Tencent seeks US$4 billion via US dollar bond and offshore yuan bond sale: sources https://cassette.sphdigital.com.sg/image/businesstimes/a14066b6dfd7d62178ef038120bba3752807746d85840b8f47493ef2b584e007 Tencent will sell 10 and 20-year notes for the US dollar bond and 10 and 30-year notes for the offshore yuan bond. Tencent will sell 10 and 20-year notes for the US dollar bond and 10 and 30-year notes for the offshore yuan bond. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-retreat-following-ai-headwind-fears-sti-closes-lower The Business Times en 2026-06-08T18:42:29+08:00 Singapore stocks retreat following AI headwind fears; STI closes lower https://cassette.sphdigital.com.sg/image/businesstimes/39eb32a241e7a3b6350852c719903b5d01c4450e93c43ff44fb5e87e80cc18c1 Across the broader market, losers beat gainers 489 to 149, after 1.5 billion securities worth S$2.2 billion changed hands. Across the broader market, losers beat gainers 489 to 149, after 1.5 billion securities worth S$2.2 billion changed hands. https://www.businesstimes.com.sg/startups-tech/technology/unicorn-patent-intelligence-platform-patsnap-harnesses-genai-and-customer-needs-growth The Business Times en 2026-06-08T18:29:17+08:00 Unicorn patent intelligence platform PatSnap harnesses GenAI and customer needs for growth https://cassette.sphdigital.com.sg/image/businesstimes/88046e9bda7f455ef2b798461cceaf639c25caea8457c10df720a8059acd57e0 There was some anxiety over Gen AI when it came out, said Jeffrey Tiong, co-founder and CEO, Patsnap Jeffrey Tiong, co-founder and CEO of Patsnap, says there was some anxiety over GenAI when it came out. https://www.businesstimes.com.sg/companies-markets/transport-logistics/china-car-sales-downturn-extends-may-volkswagen-tests-ev-revamp The Business Times en 2026-06-08T17:57:01+08:00 China car sales downturn extends into May as Volkswagen tests EV revamp https://cassette.sphdigital.com.sg/image/businesstimes/d39bedac2a8c0f412ac594356cf9d53ff105d73163256d48a73679033f3bc00e BYD’s total vehicle sales rose for the first time in nine months in May. BYD’s total vehicle sales rose for the first time in nine months in May. https://www.businesstimes.com.sg/companies-markets/banking-finance/human-judgment-vital-even-ais-introduction-hsbc-ceo The Business Times en 2026-06-08T17:55:06+08:00 ‘Human judgment’ is vital even with AI’s introduction: HSBC CEO https://cassette.sphdigital.com.sg/image/businesstimes/03fb396cafe0db73cf55e083f3c6ead095381d2c9e8631b9b1149394f4d18d43 HSBC CEO Georges Elhedery's remarks come as many CEO comments in recent weeks have rattled staffers about the future of the industry. HSBC CEO Georges Elhedery's remarks come as many CEO comments in recent weeks have rattled staffers about the future of the industry. https://www.businesstimes.com.sg/international/ai-boom-upends-san-francisco-housing-market The Business Times en 2026-06-08T17:26:49+08:00 AI boom upends San Francisco housing market https://cassette.sphdigital.com.sg/image/businesstimes/c0d58aa40441a7c5453e9a1b5bf80cd8a6a02e0adebb2a262428a5eda206c608 San Francisco's Pacific Heights neighbourhood is among the most expensive in the country. San Francisco's Pacific Heights neighbourhood is among the most expensive in the country. https://www.businesstimes.com.sg/companies-markets/energy-commodities/eni-and-petronas-launch-gas-joint-venture-south-east-asia The Business Times en 2026-06-08T16:55:25+08:00 Eni and Petronas launch gas joint venture in South-east Asia https://cassette.sphdigital.com.sg/image/businesstimes/083534d1e5d3383a05820d8b53cbcfe327a4a668e8b6cb5890ae4ab1caa3678f The joint venture between Italy’s Eni and Malaysia’s Petronas plans to invest more than US$15 billion over the next five years to develop roughly three billion barrels of discovered reserves and explore a further 10 billion barrels. The joint venture between Eni and Petronas will hold a portfolio of 19 gas-producing and development assets, 14 in Indonesia and five in Malaysia. https://www.businesstimes.com.sg/companies-markets/banking-finance/italys-top-bank-intesa-launches-unsolicited-30-6-billion-euro-bid-rival-monte-dei-paschi The Business Times en 2026-06-08T16:53:36+08:00 Italy’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi https://cassette.sphdigital.com.sg/image/businesstimes/b0ae3967ae2f1c0926ca8a4301deb73b62bc94043905bd9d1539468821d57d67 The offer will comprise 635 Monte dei Paschi di Siena (MPS) branches and the MPS brand. The offer will comprise 635 Monte dei Paschi di Siena (MPS) branches and the MPS brand. https://www.businesstimes.com.sg/companies-markets/spacex-ipo-will-not-break-capital-markets-add-strains The Business Times en 2026-06-08T16:30:00+08:00 SpaceX IPO will not break capital markets but add to strains https://cassette.sphdigital.com.sg/image/businesstimes/3df228f2217a4c205c2be8d554527c17dabb45a1ec031188c8e51e984989a096 SpaceX (above), Anthropic and OpenAI's IPOs are expected to raise US$170 billion combined at valuations that may exceed US$4 trillion. SpaceX (above), Anthropic and OpenAI's IPOs are expected to raise US$170 billion combined at valuations that may exceed US$4 trillion. https://www.businesstimes.com.sg/international/uk-pm-starmer-set-ban-harmful-social-media-under-16s The Business Times en 2026-06-08T16:21:06+08:00 UK PM Starmer set to ban ‘harmful’ social media for under-16s https://cassette.sphdigital.com.sg/image/businesstimes/5fb06aa41ac7548d9848f581298cf3f7d879ef42af37015168d254ac8b55524f Worries over the impact of social media on mental health and online safety prompted Britain to hold a consultation on children’s access to social media earlier this year. Worries over the impact of social media on mental health and online safety prompted Britain to hold a consultation on children’s access to social media earlier this year. https://www.businesstimes.com.sg/opinion-features/what-strategic-autonomy-and-why-everyone-suddenly-reaching-it The Business Times en 2026-06-08T16:12:00+08:00 What is ‘strategic autonomy’ – and why is everyone suddenly reaching for it? https://cassette.sphdigital.com.sg/image/businesstimes/8ebdba39413e8c1fdf5ccf58a489468302ed3b48291e9746f5e4e09fdb870771 India's Minister of External Affairs Subrahmanyam Jaishankar at the Quad Foreign Ministers' Meeting in New Delhi in May. India is still part of this bloc with the US, Australia and Japan, but runs its own foreign policy when its interests do not align with Washington's. Indian Minister of External Affairs Subrahmanyam Jaishankar at the Quad Foreign Ministers' Meeting in New Delhi in May. India is still part of this bloc with the US, Australia and Japan, but runs its own foreign policy when its interests do not align with Washington's. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-hits-two-week-low-middle-east-escalation-ai-jitters The Business Times en 2026-06-08T16:05:32+08:00 Europe’s Stoxx 600 hits two-week low on Middle East escalation, AI jitters https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index fell 0.9 per cent to 616.04 points by 0812 GMT on Monday, with all major regional indexes also in the red. The Stoxx 600 index fell 0.9 per cent to 616.04 points by 0812 GMT on Monday, with all major regional indexes also in the red. https://www.businesstimes.com.sg/companies-markets/carlsberg-nears-filing-us700-million-india-ipo-sources The Business Times en 2026-06-08T15:47:24+08:00 Carlsberg nears filing for US$700 million India IPO: sources https://cassette.sphdigital.com.sg/image/businesstimes/ad248ad4319a643e5c1f3e6d3a6febc4a6886c5ae89295d11382997e9e2076cb Carlsberg India is the country’s second-largest brewer, with a market share of about 22 per cent, a company presentation revealed. Carlsberg India is the country’s second-largest brewer, with a market share of about 22 per cent, a company presentation revealed. https://www.businesstimes.com.sg/lifestyle/france-edge-out-spain-world-cup-glory-economists The Business Times en 2026-06-08T15:44:28+08:00 France to edge out Spain for World Cup glory: economists https://cassette.sphdigital.com.sg/image/businesstimes/5039484fdd38d735149501a4aca4ca8fda4ab41371851572ea20989fe7e52808 Off the pitch, organisers face a daunting logistical test as millions of fans prepare to descend on North America, with affordability already a flashpoint. Off the pitch, organisers face a daunting logistical test as millions of fans prepare to descend on North America, with affordability already a flashpoint. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-koreas-kospi-craters-over-8-fed-fears-spark-tech-rout The Business Times en 2026-06-08T15:38:38+08:00 South Korea’s Kospi craters over 8% as Fed fears spark tech rout https://cassette.sphdigital.com.sg/image/businesstimes/de3d6d6018a8058d534888a7b7480eb8aeaeeee78ce679dc03073d3bea9e073f FILE PHOTO: A currency dealer works as an electronic board displays the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ), at the dealing room of a bank in Seoul, South Korea, May 15, 2026. REUTERS/Kim Hong-Ji/File Photo FILE PHOTO: A currency dealer works as an electronic board displays the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ), at the dealing room of a bank in Seoul, South Korea, May 15, 2026. REUTERS/Kim Hong-Ji/File Photo https://www.businesstimes.com.sg/startups-tech/startups/temasek-backed-startup-physicsx-hits-us2-4-billion-valuation-provide-ai-manufacturing The Business Times en 2026-06-08T15:38:27+08:00 Temasek-backed startup PhysicsX hits US$2.4 billion valuation to provide AI for manufacturing https://cassette.sphdigital.com.sg/image/businesstimes/9233ac0eee587bea19814440138db99dca77ee1f0fd51214c13c717a37410195 PhysicsX CEO Jacomo Corbo said revenue will be “close to US$50 million” for the year and the company aims to more than double the figure in 2027. PhysicsX CEO Jacomo Corbo said that revenue will be “close to US$50 million” for the year and the company aims to more than double the figure in 2027. https://www.businesstimes.com.sg/international/global/iranian-crude-offered-china-discount-demand-softens The Business Times en 2026-06-08T15:25:57+08:00 Iranian crude offered to China at discount as demand softens https://cassette.sphdigital.com.sg/image/businesstimes/845313d85f021987046feac483eec8c46cfdfd5a69625e5bb9f84dbe1a62d6bc Close to 56 million barrels of Iran's crude are on vessels globally, with over 60% anchored in Singapore (above) and off China, data from Kpler shows. Close to 56 million barrels of Iran's crude are on vessels globally, with over 60% anchored in Singapore (above) and off China, data from Kpler shows. https://www.businesstimes.com.sg/international/uk-jobs-slump-deepens-starmer-woes-add-headwinds-rec-says The Business Times en 2026-06-08T15:18:51+08:00 UK jobs slump deepens as Starmer woes add to headwinds, REC says https://cassette.sphdigital.com.sg/image/businesstimes/fd04cee37f90409c3e3f5f60e9097001ae567e41d99d44b66e8d7ec729f49f8b Placements of permanent staff dropped the most in 10 months with firms citing low confidence and increased cost pressures, the poll found. Placements of permanent staff dropped the most in 10 months with firms citing low confidence and increased cost pressures, the poll found. https://www.businesstimes.com.sg/international/south-korea-names-first-female-pm-decades-lead-ai-push The Business Times en 2026-06-08T14:43:05+08:00 South Korea names first female PM in decades to lead AI push https://cassette.sphdigital.com.sg/image/businesstimes/cfba776373dee185cc3a25ad9a9e30afd99ed3e41e8dee04880a4c7833a1fe73 Han Seong Sook arrives at her temporary office to prepare for her parliamentary confirmation hearing, Seoul, South Korea, June 8, 2026. Han Seong-sook arrives at her temporary office to prepare for her parliamentary confirmation hearing on Jun 8. https://www.businesstimes.com.sg/international/asean/west-explores-new-frontiers-south-east-asia-looking-back-down-earth-space The Business Times en 2026-06-08T14:27:48+08:00 As the West explores new frontiers, South-east Asia is looking back down at Earth from space https://cassette.sphdigital.com.sg/image/businesstimes/6045af75235390030f4dcbac21933cba4dce87f0c7c47eade86ed110e7263d7d Satellites such as Singapore's TeLEOS-2 (above) are generating a growing stream of data that can be used across industries ranging from agriculture and logistics to climate monitoring and maritime security. Satellites such as Singapore's TeLEOS-2 (above) are generating a growing stream of data that can be used across industries ranging from agriculture and logistics to climate monitoring and maritime security. https://www.businesstimes.com.sg/international/asean/indonesia-issues-technical-regulations-centralise-coal-palm-oil-ferroalloy-exports The Business Times en 2026-06-08T14:25:24+08:00 Indonesia issues technical regulations to centralise coal, palm oil, ferroalloy exports https://cassette.sphdigital.com.sg/image/businesstimes/213fe19fbe73bef54e7b7146e1e30f995b82533608a4adbfd5ac562f285175fb Palm oil export permits are granted based on compliance with the domestic market obligation. Palm oil export permits are granted based on compliance with the domestic market obligation.