https://www.businesstimes.com.sg/international/uae-left-opec-pump-more-end-oil-era-looms-presidential-adviser-says The Business Times en 2026-05-22T21:47:06+08:00 UAE left Opec to pump more as end of oil era looms, presidential adviser says https://cassette.sphdigital.com.sg/image/businesstimes/8b7f677e610b7904b1ec15e9b31d381892a85f6403d45618e0276a668b6b9c10 The Abu Dhabi National Oil Company CEO, Sultan Al-Jaber, said the UAE would continue to be a responsible, stabilising force in energy markets. The Abu Dhabi National Oil Company CEO, Sultan Al-Jaber, said the UAE would continue to be a responsible, stabilising force in energy markets. https://www.businesstimes.com.sg/companies-markets/wall-st-rises-open-dow-hits-record-high The Business Times en 2026-05-22T21:42:48+08:00 Wall St rises at open, Dow hits record high https://cassette.sphdigital.com.sg/image/businesstimes/142705143b8389f0a1f5d23db432cef114de9706525b558e35671209a8e0bc9e The Dow Jones Industrial Average rose 149.0 points, or 0.30 per cent, at the open to 50,434.65. The Dow Jones Industrial Average rose 149.0 points, or 0.30 per cent, at the open to 50,434.65. https://www.businesstimes.com.sg/international/adecco-ceo-warns-hit-swiss-10-million-population-cap The Business Times en 2026-05-22T21:36:03+08:00 Adecco CEO warns of hit from Swiss 10 million population cap https://cassette.sphdigital.com.sg/image/businesstimes/f5ef6739629867271f759af699fa740340efb1953268ff47f16f2d5939464dca Newly constructed housing in Knonau, ahead of a June 14 vote to curb population growth to 10 million inhabitants, Knonau, Switzerland, May 21, 2026. Newly constructed housing in Knonau, ahead of a June 14 vote to curb population growth to 10 million inhabitants, Knonau, Switzerland, May 21, 2026. https://www.businesstimes.com.sg/international/indias-central-bank-approves-record-2-87-trillion-rupee-dividend-government The Business Times en 2026-05-22T20:49:33+08:00 India’s central bank approves record 2.87 trillion rupee dividend to government https://cassette.sphdigital.com.sg/image/businesstimes/a6ca2a6e6504202e7bdacff9430d2e26473cf23dfc4ead3c394df7f4e78ffc4c The Reserve Bank of India's balance sheet expanded by 20.6% to 92 trillion rupees as at Mar 31. The Reserve Bank of India's balance sheet expanded by 20.6% to 92 trillion rupees as at Mar 31. https://www.businesstimes.com.sg/international/global/china-expand-public-service-access-migrant-workers The Business Times en 2026-05-22T20:24:23+08:00 China to expand public service access for migrant workers https://cassette.sphdigital.com.sg/image/businesstimes/9470efb97af785f919ab9ac70b8354673b7162c85bbe46f307eddf24c8a29ff5 A worker carries a sack of textile products past recruiters who wait for job seekers at an urban village in Guangzhou, China March 17, 2026. A worker carries a sack of textile products past recruiters who wait for job seekers at an urban village in Guangzhou, China March 17, 2026. https://www.businesstimes.com.sg/international/german-business-outlook-improves-first-time-iran-war The Business Times en 2026-05-22T19:32:18+08:00 German business outlook improves for first time since Iran war https://cassette.sphdigital.com.sg/image/businesstimes/18be79021f94a11a7fcf6789d4d6c308459d694d7ac75cbd86b1a6f24a7e0917 Germany's economy has not seen meaningful expansion in three years, with government infighting not helping its chances of improving. Germany's economy has not seen meaningful expansion in three years, with government infighting not helping its chances of improving. https://www.businesstimes.com.sg/lifestyle/guardiola-end-decade-long-man-city-reign-end-season The Business Times en 2026-05-22T19:24:31+08:00 Guardiola to end decade-long Man City reign at end of season https://cassette.sphdigital.com.sg/image/businesstimes/512e62c3da7d7016af7c6c19ca8d9bbe4a753e67a5c253a7af29aed2dc9f3a64 Pep Guardiola has won six Premier League titles, three FA Cups, five League Cups and the Champions League with Manchester City. Pep Guardiola has won six Premier League titles, three FA Cups, five League Cups and the Champions League with Manchester City. https://www.businesstimes.com.sg/newsletters/esg-insights/issue-195-temasek-miss-climate-targets-power-evs-dominate-s-e-asia-green-economy The Business Times en 2026-05-22T19:00:00+08:00 Issue 195: Temasek to miss climate targets; Power, EVs dominate S-E Asia green economy https://cassette.sphdigital.com.sg/image/businesstimes/74b26895677dc1e960e7db7bc153c5c45385db2398fdafaf4e7b659ae8a4c26f Singapore Airlines’ contribution to Temasek’s portfolio emissions has been persistently growing post-Covid 19. Singapore Airlines’ contribution to Temasek’s portfolio emissions has been persistently growing post-Covid 19. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-amid-cautious-middle-east-outlook-sti-0-4 The Business Times en 2026-05-22T18:57:23+08:00 Singapore stocks close higher amid cautious Middle East outlook; STI up 0.4% https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 Across the broader market on May 22, gainers outnumbered losers 330 to 244, after 1.4 billion securities worth S$2 billion changed hands. Across the broader market, gainers outnumber losers 330 to 244, as 1.4 billion securities worth S$2 billion change hands. https://www.businesstimes.com.sg/companies-markets/sgx-regco-sets-three-year-limit-suspended-companies-resolve-concerns The Business Times en 2026-05-22T18:53:46+08:00 SGX RegCo sets three-year limit for suspended companies to resolve concerns https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 SGX RegCo says that the move reinforces market discipline, while giving investors clearer expectations on outcomes. SGX RegCo says that the move reinforces market discipline, while giving investors clearer expectations on outcomes. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-may-222 The Business Times en 2026-05-22T18:45:00+08:00 Daily Debrief: What Happened Today (May 22) https://cassette.sphdigital.com.sg/image/businesstimes/4867d3a4278e0bb8fcd20959e365068e6739a4b7d03ced1b24254ee94abc9aac The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”. The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-chief-says-he-agreed-maintain-dialogue-pm-no-talk-june-rate-hike The Business Times en 2026-05-22T18:42:38+08:00 Bank of Japan chief says he agreed to maintain dialogue with PM, no talk of June rate hike https://cassette.sphdigital.com.sg/image/businesstimes/a1ba5b58affc38a1769c56d2be451dd1e367bdd8326e9939ab1f34e88cda853a Bank of Japan Governor Kazuo Ueda said there was no specific discussion on raising interest interests when he met PM Sanae Takaichi. Bank of Japan Governor Kazuo Ueda said there was no specific discussion on raising interest interests when he met PM Sanae Takaichi. https://www.businesstimes.com.sg/international/global/singapore-can-gain-chinas-growing-markets-must-embrace-ai-chinese-have-sm-lee The Business Times en 2026-05-22T18:30:00+08:00 Singapore can gain from China’s growing markets, must ‘embrace’ AI as the Chinese have: SM Lee https://cassette.sphdigital.com.sg/image/businesstimes/31b922e404489b0b1da988527a26c3d82ccec8ebcde3aa81366a0eb5a0e688be SM Lee Hsien Loong speaks to Singapore media at the end of a five-day trip to China. The senior minister says that there will be opportunities for Singapore to do business, treating China as a market for its exports. SM Lee Hsien Loong says that there will be opportunities for Singapore to do business, treating China as a market for its exports. https://www.businesstimes.com.sg/companies-markets/hour-glass-h2-profit-jumps-39-s103-8-million-higher-sales The Business Times en 2026-05-22T18:08:02+08:00 The Hour Glass H2 profit jumps 39% to S$103.8 million on higher sales https://cassette.sphdigital.com.sg/image/businesstimes/b827746f299ac4db7e669de9cf045c6e7009577241b84d2c5a55401fa53e33ae The Hour Glass' earnings per share for FY2026 have risen to S$0.28, from S$0.21 the year before. The Hour Glass' earnings per share for FY2026 have risen to S$0.28, from S$0.21 the year before. https://www.businesstimes.com.sg/international/china-cracks-down-illegal-cross-border-securities-trading The Business Times en 2026-05-22T17:57:03+08:00 China cracks down on illegal cross-border securities trading https://cassette.sphdigital.com.sg/image/businesstimes/f3cbfff674439bc3ae0c8949022edeeefd3f87c42a814078bd3bc6f3f3e4ba52 China Securities Regulatory Commission officials say the measures are designed to clean up the capital market environment and steer investors toward regulated channels for overseas investment. China Securities Regulatory Commission officials say the measures are designed to clean up the capital market environment and steer investors toward regulated channels for overseas investment. https://www.businesstimes.com.sg/podcasts/war-three-months-old-stocks-are-record-highs-and-fed-talking-hikes The Business Times en 2026-05-22T17:46:00+08:00 The war is three months old, stocks are at record highs and the Fed is talking hikes https://cassette.sphdigital.com.sg/image/businesstimes/aa5706413a66b68e3c94146d76f0132f33808b3f06ac9c6a92e61a60af5d2014 Is the "AI trade" now moving into a more selective, post-euphoria phase? Is the "AI trade" now moving into a more selective, post-euphoria phase? https://www.businesstimes.com.sg/companies-markets/banking-finance/what-furore-over-lower-value-human-capital-reveals-about-ai-and-future-banking The Business Times en 2026-05-22T17:37:35+08:00 What the furore over ‘lower-value human capital’ reveals about AI and the future of banking https://cassette.sphdigital.com.sg/image/businesstimes/739a535bde4678cb7c27f1dc52de862991341893e75f62c94d83e4074fbc394b Standard Chartered Bank is among the first major global banks to explicitly link planned job cuts to AI adoption. Standard Chartered Bank is among the first major global banks to explicitly link planned job cuts to AI adoption. https://www.businesstimes.com.sg/international/samsung-workers-begin-voting-pay-deal-some-non-chip-employees-oppose-it The Business Times en 2026-05-22T17:36:26+08:00 Samsung workers begin voting on pay deal, some non-chip employees to oppose it https://cassette.sphdigital.com.sg/image/businesstimes/9ed582b779f52e1d304f1fae64c62db407747fe8e01258e0541f06007c1686a4 Some 89,000 workers will cast their ballots electronically, with the voting running until 10 am on May 27. Some 89,000 workers will cast their ballots electronically, with the voting running until 10 am on May 27. https://www.businesstimes.com.sg/companies-markets/banking-finance/citi-boost-asia-wealth-business-significant-hires-global-head-says The Business Times en 2026-05-22T17:30:53+08:00 Citi to boost Asia wealth business with ‘significant’ hires, global head says https://cassette.sphdigital.com.sg/image/businesstimes/adec697fefac036c61a7ba799db2e3b4fda35db1593621088448e6c2e18ef1fc Citi plans to hire about 100 private bankers globally, alongside roughly 400 other specialists. Citi plans to hire about 100 private bankers globally, alongside roughly 400 other specialists. https://www.businesstimes.com.sg/singapore/teo-siong-seng-take-leave-absence-sbf-economic-task-force-deal-us-allegations The Business Times en 2026-05-22T17:20:17+08:00 Teo Siong Seng to take leave of absence from SBF, economic task force to deal with US allegations https://cassette.sphdigital.com.sg/image/businesstimes/a3867b0daa70442d9e4e362c2aeb0dda87f3b019f9ed26a784c594801718b322 Teo Siong Seng is accused by the US of colluding with executives of other shipping container companies to restrict the production of dry shipping containers . Teo Siong Seng is accused by the US of colluding with executives of other shipping container companies to restrict the production of dry shipping containers . https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-hit-over-two-week-highs-signs-progress-us-iran-talks The Business Times en 2026-05-22T17:02:12+08:00 European shares hit over two-week highs on signs of progress in US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 climbed 0.6 per cent to 624.50 points by 0801 GMT on Friday. The Stoxx 600 climbed 0.6 per cent to 624.50 points by 0801 GMT on Friday. https://www.businesstimes.com.sg/lifestyle/european-champions-spain-quest-regain-world-cup-crown The Business Times en 2026-05-22T17:01:51+08:00 European champions Spain on quest to regain World Cup crown https://cassette.sphdigital.com.sg/image/businesstimes/38a50ef8b5419eaaef6fb7a2154cf2dce61ce7417d5cf1c7e34dc50b7888441a Teenager Lamine Yamal, who plays for Barcelona, is one of the top stars in the Spanish squad at the World Cup. Teenager Lamine Yamal, who plays for Barcelona, is one of the top stars in the Spanish squad at the World Cup. https://www.businesstimes.com.sg/companies-markets/banking-finance/stanchart-ceo-apologises-lower-value-comments-after-outcry The Business Times en 2026-05-22T16:49:38+08:00 StanChart CEO apologises for ‘lower-value’ comments after outcry https://cassette.sphdigital.com.sg/image/businesstimes/b6de26b7dc6ea8a2e396c5020b0208825a71461821b8f25b71c3bc88319a20d7 Standard Chartered CEO Bill Winters wrote in a LinkedIn post on Friday that he recognised his “choice of words” has “caused upset to some colleagues.”  Standard Chartered CEO Bill Winters wrote in a LinkedIn post on Friday that he recognised his “choice of words” has “caused upset to some colleagues.”  https://www.businesstimes.com.sg/international/uk-borrowing-jumps-reeves-faces-iran-war-challenge The Business Times en 2026-05-22T16:39:35+08:00 UK borrowing jumps as Reeves faces up to Iran war challenge https://cassette.sphdigital.com.sg/image/businesstimes/5e4c12995d4d97934be466daf752e135c8e9f8981db4f45679306dec9d5e7b36 Finance Minister Rachel Reeves is under pressure to help turn around PM Keir Starmer's low standing in opinion polls. Finance Minister Rachel Reeves is under pressure to help turn around PM Keir Starmer's low standing in opinion polls. https://www.businesstimes.com.sg/companies-markets/estee-lauder-puig-talks-fail-after-charlotte-tilbury-tension The Business Times en 2026-05-22T16:37:56+08:00 Estee Lauder-Puig talks fail after Charlotte Tilbury tension https://cassette.sphdigital.com.sg/image/businesstimes/0244363dc0dc6bdf0d0b0c313019c29d556b9274a84533e52056241ecc5dd377 Wall Street analysts had already expressed scepticism about the tie-up, questioning Estee Lauder’s ability to integrate additional brands during its own turnaround that has already seen the company cut thousands of jobs.  Wall Street analysts had already expressed scepticism about the tie-up, questioning Estee Lauder’s ability to integrate additional brands during its own turnaround that has already seen the company cut thousands of jobs.  https://www.businesstimes.com.sg/international/asean/indonesias-commodity-export-shake-sparks-industry-alarm-investor-jitters The Business Times en 2026-05-22T16:32:47+08:00 Indonesia’s commodity export shake-up sparks industry alarm, investor jitters https://cassette.sphdigital.com.sg/image/businesstimes/f85563c117456c96e49c1bc214f75d6cc16ccc5d2f84ab4c6831462105fcd454 The lack of operational clarity in the shake-up of Indonesia’s commodities exports is showing up in trading activity, with fresh fruit bunch prices declining in Sumatra and Kalimantan. The lack of operational clarity in the shake-up of Indonesia’s commodities exports is showing up in trading activity, with fresh fruit bunch prices declining in Sumatra and Kalimantan. https://www.businesstimes.com.sg/companies-markets/transport-logistics/qatar-airways-skip-staff-bonuses-due-iran-war-impact The Business Times en 2026-05-22T16:16:20+08:00 Qatar Airways to skip staff bonuses due to Iran war impact https://cassette.sphdigital.com.sg/image/businesstimes/acb167ece62ce82157c27ca60ab333810157cdfd5772342b7fb0c45e28cc1001 Qatar Airways' profit dropped about 10% to 7.08 billion riyals (S$2.5 billion) in the latest financial year. Qatar Airways' profit dropped about 10% to 7.08 billion riyals (S$2.5 billion) in the latest financial year. https://www.businesstimes.com.sg/singapore/koh-poh-koon-resigns-ministerial-roles-family-reasons-will-stay-mp The Business Times en 2026-05-22T16:10:07+08:00 Koh Poh Koon resigns from ministerial roles for ‘family reasons’, will stay on as MP https://cassette.sphdigital.com.sg/image/businesstimes/1bd0f12c46feed64a56117ab5ec4afb41e54e58b24efe97144165e7b383d55fa Koh will continue to serve residents of Tampines Central Division as MP for Tampines GRC. Dr Koh says he has been "an absent husband, father and son" since entering politics in 2015. https://www.businesstimes.com.sg/companies-markets/earnings-miss-downside-risks-weigh-singtel-shares-rhb-sees-re-entry-opportunity The Business Times en 2026-05-22T16:00:29+08:00 Earnings miss, downside risks weigh on Singtel shares, but RHB sees ‘re-entry opportunity’ https://cassette.sphdigital.com.sg/image/businesstimes/aac5066e4ba99853600ceb3a88b2ca409f4f265640dfc4f4402bd617be1a2c09 Several brokerages say that Singtel's fourth-quarter results are “slightly below expectations”. Several brokerages say that Singtel's fourth-quarter results are “slightly below expectations”. https://www.businesstimes.com.sg/international/malaysia-introduce-new-rules-protect-youth-online-platforms The Business Times en 2026-05-22T15:58:28+08:00 Malaysia to introduce new rules to protect youth on online platforms https://cassette.sphdigital.com.sg/image/businesstimes/a53e4cc9fcb6759e237d2e654f39134c409833e3c2db3d40eb4dc42dc31fcb98 The Malaysian authorities consider online gambling, scams and content related to race, religion and royalty as harmful. The Malaysian authorities consider online gambling, scams and content related to race, religion and royalty as harmful. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/how-china-uses-national-team-influence-trading The Business Times en 2026-05-22T15:57:30+08:00 How China uses a ‘national team’ to influence trading https://cassette.sphdigital.com.sg/image/businesstimes/d354974545d3b63d0258ce9e72cb3d2701814d990ed8e25abaa720fad4189cda The fresh crop of chip designers and large language model companies has helped China stand out among global markets shaken by concerns over AI disruption. Equities are an important piece of the puzzle if China wants to rewire growth towards new economic drivers. https://www.businesstimes.com.sg/property/us-mortgage-rates-hit-highest-august-war-fans-inflation The Business Times en 2026-05-22T15:41:58+08:00 US mortgage rates hit highest since August as war fans inflation https://cassette.sphdigital.com.sg/image/businesstimes/ec5e2ce8df28f263f3222be0744c72986cea321db777d7009edb8f5248f81b05 The housing market has become hostage to geopolitics, with the war in Iran driving up oil prices, inflation and bond yields. The American housing market has become hostage to geopolitics, with the war in Iran driving up oil prices, inflation and bond yields. https://www.businesstimes.com.sg/property/chinas-housing-slump-shows-signs-bottoming-out-weve-been-here The Business Times en 2026-05-22T15:36:44+08:00 China’s housing slump shows signs of bottoming out. We’ve been here before https://cassette.sphdigital.com.sg/image/businesstimes/3281f6eaa0d8900600d1b864cf4ae3c218d32717f10b50594472e85f3fbd1220 After housing prices in several of the country's biggest cities levelled off in the first few months of the year, the market is again at a crossroads. After housing prices in several of the country's biggest cities levelled off in the first few months of the year, the market is again at a crossroads. https://www.businesstimes.com.sg/opinion-features/features/are-singaporeans-tightening-purse-strings-they-tie-knot The Business Times en 2026-05-22T15:30:00+08:00 Are Singaporeans tightening purse strings as they tie the knot? https://cassette.sphdigital.com.sg/image/businesstimes/828c7a24c63fb9213886156301cda7607d4aa955de2f47476c858b9c940bef4d Singapore couples are more particular about spending; smaller party sizes; and emerging new services. Singapore couples are more particular about spending; smaller party sizes; and emerging new services. https://www.businesstimes.com.sg/companies-markets/japans-nikkei-rallies-record-close-ai-shares-shine The Business Times en 2026-05-22T15:03:08+08:00 Japan's Nikkei rallies to record close as AI shares shine https://cassette.sphdigital.com.sg/image/businesstimes/bb25ef4459f38a5e842fa8ff104ca773b864037148aee4570c760fc19f7e5804 The Nikkei ended the day up 2.7 per cent at 63,339.07, despite failing to breach the all-time intraday peak of 63,799.32 from May 14. The Nikkei ended the day up 2.7 per cent at 63,339.07, despite failing to breach the all-time intraday peak of 63,799.32 from May 14. https://www.businesstimes.com.sg/wealth/wealth-investing/retirement-advice-worries-me-most The Business Times en 2026-05-22T15:00:00+08:00 The retirement advice that worries me the most https://cassette.sphdigital.com.sg/image/businesstimes/421f367aa950b06487afbaa8b1878f06faba6319ce4a4996d0d86ce379c8e44e Errant investment advice on CPF Life and ILPs could compromise retirement adequacy in the long run. Errant investment advice on CPF Life and ILPs could compromise retirement adequacy in the long run. https://www.businesstimes.com.sg/international/developments-chinas-economy-now-have-bigger-impact-eu-ecb The Business Times en 2026-05-22T14:46:09+08:00 Developments in China’s economy now have a bigger impact on EU: ECB https://cassette.sphdigital.com.sg/image/businesstimes/e9168d5b6f06349d0e705fd67407729233de4a16c38e8525ebe804117e0b9767 Chinese EV brands are increasingly making inroads in Europe, sometimes at the expense of European carmakers. Chinese EV brands are increasingly making inroads in Europe, sometimes at the expense of European carmakers. https://www.businesstimes.com.sg/companies-markets/taiwan-semiconductor-firm-kyec-pumps-s100-million-new-singapore-plant-creating-over-300-jobs The Business Times en 2026-05-22T14:27:09+08:00 Taiwan semiconductor firm Kyec pumps S$100 million into new Singapore plant, creating over 300 jobs https://cassette.sphdigital.com.sg/image/businesstimes/95ca57b015b3dfdd6b5b208366920c5ba7c8edfcd47c5012bc984d4512d64110 From left: Kyec Singapore chairman Gauss Chang; EDB managing director Jermaine Loy; and Kyec Singapore president Kenneth Seah at the facility's launch. From left: Kyec Singapore chairman Gauss Chang; EDB managing director Jermaine Loy; and Kyec Singapore president Kenneth Seah at the facility's launch. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/amd-ramping-taiwan-capacity-global-cpu-market-tightens The Business Times en 2026-05-22T14:19:27+08:00 AMD ramping up Taiwan capacity as global CPU market tightens https://cassette.sphdigital.com.sg/image/businesstimes/f378b2f8034f4f088df288ffee9d11090f2c420a02252b96a2d8d6fda9a6135a Taiwan plays a pivotal role in the global artificial intelligence (AI) supply chain for companies including Nvidia and Apple. AMD would continue working closely with Chinese customers while complying with US export controls that restrict shipments of some of its high-end AI chips, says CEO Lisa Su. https://www.businesstimes.com.sg/companies-markets/transport-logistics/airspace-bans-iran-war-rising-fuel-costs-air-india-ceo-says-successor-will-have-hands-full The Business Times en 2026-05-22T14:17:49+08:00 Airspace bans, Iran war, rising fuel costs: Air India CEO says successor will have ‘hands full’ https://cassette.sphdigital.com.sg/image/businesstimes/dabe0b3368a2808f8986e03448703120b0869d5e8a06cddaf83dea42ca5f2322 “I’m going to be flexible for as long as it takes for them to find someone and make sure that we do a good transition,” said Air India CEO Campbell Wilson. CEO Campbell Wilson: “I’m going to be flexible for as long as it takes for them to find someone and make sure that we do a good transition.” https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/lenovo-shares-near-all-time-high-after-strong-ai-growth The Business Times en 2026-05-22T13:48:17+08:00 Lenovo shares near all-time high after strong AI growth https://cassette.sphdigital.com.sg/image/businesstimes/2d35d30d1c11d5b3540f350e89e1c976f8275909aa05499ae263f2efccd73b12 FILE PHOTO: File Photo: A Lenovo logo is seen at the computer in Kiev, Ukraine April 21, 2016. REUTERS/Gleb Garanich/File Photo/File Photo Lenovo’s share gains buck the trend of other Hong Kong-listed tech companies. https://www.businesstimes.com.sg/international/asean/indonesia-listen-market-new-commodity-export-body-danantara-says The Business Times en 2026-05-22T13:10:56+08:00 Indonesia to ‘listen to market’ on new commodity export body, Danantara says https://cassette.sphdigital.com.sg/image/businesstimes/61eb103f080865231875c1bb42a91e42fc2baf55daf6e90892bd36dffa3cdc43 “The idea is to increase transparency, accountability, traceability – and of course it will have to be market friendly,” Danantara CIO Pandu Sjahrir said. “The idea is to increase transparency, accountability, traceability – and of course it will have to be market friendly,” Danantara CIO Pandu Sjahrir said. https://www.businesstimes.com.sg/startups-tech/meta-manus-deal-reversal-china-does-not-make-tech-firms-reject-foreign-investment-state-planner-says The Business Times en 2026-05-22T13:01:23+08:00 Meta-Manus deal reversal: China does not make tech firms reject foreign investment, state planner says https://cassette.sphdigital.com.sg/image/businesstimes/1af2d02af783c8f7409e4eea1c383ba072f7017dd8e342d5fa7005af56259e4a The state planner’s denial comes as it looks to manage the fallout of a decision to order Meta to unwind its acquisition of Manus. The state planner’s denial comes as it looks to manage the fallout of a decision to order Meta to unwind its acquisition of Manus. https://www.businesstimes.com.sg/companies-markets/banking-finance/philippine-central-bank-governor-says-it-considering-cycle-rate-hike The Business Times en 2026-05-22T12:44:13+08:00 Philippine central bank governor says it is considering off-cycle rate hike https://cassette.sphdigital.com.sg/image/businesstimes/c95b86a12da9aca557516dc52fee4508604e1d77130e4f3729d7da9d11261dd9 The peso has lost about 4.6% of its value against the US dollar, breaching the 60-peso level, according to LSEG data. The peso has lost about 4.6% of its value against the US dollar, breaching the 60-peso level, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/transport-logistics/north-carolina-sues-vietnams-vinfast-over-delayed-ev-project The Business Times en 2026-05-22T12:17:42+08:00 North Carolina sues Vietnam’s VinFast over delayed EV project https://cassette.sphdigital.com.sg/image/businesstimes/4017b353fbf612a3c1afd0f639030760b0dd12199bb033ef4bf3078a677ae92b VinFast has abandoned work on the 712-hectare site in Chatham County for over a year, according to the statement. VinFast has abandoned work on the 712-hectare site in Chatham County for over a year, according to the statement. https://www.businesstimes.com.sg/international/global/3-gifs-how-iran-war-has-changed-tanker-traffic-through-hormuz-malacca-straits The Business Times en 2026-05-22T12:10:00+08:00 In 3 GIFs: How the Iran war has changed tanker traffic through Hormuz, Malacca straits https://www.businesstimes.com.sg/opinion-features/silicon-valley-singapore-bridge-bringing-ai-world The Business Times en 2026-05-22T12:00:00+08:00 The Silicon Valley-Singapore bridge: bringing AI to the world https://cassette.sphdigital.com.sg/image/businesstimes/d2762d9c8403185dc7d0ec3507ec493548c42e7cf3e38405da20fc512a675a98 Singapore is the one place in Asia where global labs, Middle Eastern sovereign capital and Asean enterprise buyers can sit in the same room with minimal political friction. Singapore is the one place in Asia where global labs, Middle Eastern sovereign capital and Asean enterprise buyers can sit in the same room with minimal political friction. https://www.businesstimes.com.sg/startups-tech/startups/deepseek-founder-declares-artificial-general-intelligence-goal-70-billion-yuan-funding-round The Business Times en 2026-05-22T11:57:09+08:00 DeepSeek founder declares artificial general intelligence goal as 70 billion yuan funding round advances https://cassette.sphdigital.com.sg/image/businesstimes/c06ca94e511b9c2c52125d809ba63d2cceed1fdb1f47104bf3eac80104d0fc70 DeepSeek has drawn strong interest from a plethora of investors. DeepSeek has drawn strong interest from a plethora of investors. https://www.businesstimes.com.sg/companies-markets/energy-commodities/hengli-chinas-silk-petrochemicals-empire-faces-chill-us-sanctions The Business Times en 2026-05-22T11:50:14+08:00 Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions https://cassette.sphdigital.com.sg/image/businesstimes/37bc95a704b52568eb77063ef46221ed315b03a637ebc8ad58a1659ff891bf38 Hengli is now the world’s largest producer of purified terephthalic acid, used in making synthetic fibres. Hengli is now the world’s largest producer of purified terephthalic acid, used in making synthetic fibres. https://www.businesstimes.com.sg/property/ban-land-sales-new-launches-developers-deliver-defect-ridden-projects The Business Times en 2026-05-22T11:34:39+08:00 Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects https://cassette.sphdigital.com.sg/image/businesstimes/386bc2b8e6d6dc5ae165b6788cf3c0dbb6d0f4c30032f71262f91819d6acc554 The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”.  The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”.  https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/investors-look-beyond-tsmc-ai-boom-spreads-new-winners The Business Times en 2026-05-22T11:03:33+08:00 Investors look beyond TSMC as AI boom spreads to new winners https://cassette.sphdigital.com.sg/image/businesstimes/9a198a7cb93e7d792e4fdd3f488e9a5299ca765174eb25669753e2f22d812d50 Still another part of the reason for TSMC’s underperformance is the 10% weighting for single stocks placed on many active funds. TSMC also lacks direct exposure to the memory and storage boom, given its focus on logic chips. https://www.businesstimes.com.sg/international/asean/business-times-insights-asean-intelligence-2026 The Business Times en 2026-05-22T11:01:11+08:00 The Business Times Insights: Asean Intelligence 2026 https://cassette.sphdigital.com.sg/image/businesstimes/29765854b4ec5b2ccb909472702572e8d6e8b1cef1e18c1d8d2d0ce0cb5c802c Asean Intelligence is The Business Times' flagship regional survey on outlook and opportunities in the region. Asean Intelligence is The Business Times' flagship regional survey on outlook and opportunities in the region. https://www.businesstimes.com.sg/international/asean/retail-overload-kl-and-jb-set-flood-malaysias-already-overstuffed-mall-scene The Business Times en 2026-05-22T10:56:32+08:00 Retail overload: KL and JB set to flood Malaysia’s already overstuffed mall scene https://cassette.sphdigital.com.sg/image/businesstimes/8c3d035eff425142bd11a80926e9e4562a3aea7bd2c43d0fc0a07aa2a7fad8d6 Central Kuala Lumpur’s retail squeeze is about to get livelier, with about 1.3 million sq ft of new mall space coming onstream. Central Kuala Lumpur’s retail squeeze is about to get livelier, with about 1.3 million sq ft of new mall space coming onstream. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/starbucks-scraps-ai-tool-nine-months-after-deployment-over-item-counting-flops The Business Times en 2026-05-22T10:50:08+08:00 Starbucks scraps AI tool nine months after deployment over item-counting flops https://cassette.sphdigital.com.sg/image/businesstimes/4917a5f8c5f6f280ead7df696db7a7794aa7b5c630f0365e02912629b917b996 Starbucks cites need for consistency, supply chain improvements in ending programme. Starbucks cites need for consistency, supply chain improvements in ending programme. https://www.businesstimes.com.sg/companies-markets/keppel-shares-close-4-7-higher-after-m1-simba-deal-falls-through The Business Times en 2026-05-22T10:23:39+08:00 Keppel shares close 4.7% higher after M1-Simba deal falls through https://cassette.sphdigital.com.sg/image/businesstimes/438cd55fdeef23e931fb0546dc3af45b8a389ec7b1d599a831126ad4e1a2f2cc Shares of Keppel fell earlier in the week after IMDA said that Simba could have used radio frequency bands it had not been assigned to provide mobile services. Shares of Keppel fell earlier in the week after IMDA said that Simba could have used radio frequency bands it had not been assigned to provide mobile services. https://www.businesstimes.com.sg/international/asean/vietnams-richest-man-ploughs-billions-evs-his-stock-booms-1000 The Business Times en 2026-05-22T10:23:30+08:00 Vietnam’s richest man ploughs billions into EVs as his stock booms 1,000% https://cassette.sphdigital.com.sg/image/businesstimes/1bf6abd4205f2461e0abb89157258c5d82bee6a336dc0ccf0e6adfcd46b1652a FILE PHOTO: File Photo: Pham Nhat Vuong, the Chairman of Vingroup and CEO of VinFast, attends Vingroup’s annual meeting in Hanoi, Vietnam, April 25, 2024. REUTERS/Phuong Nguyen/File Photo/File Photo Pham Nhat Vuong has personally contributed at least one-quarter of the US$17 billion of financing that has been deployed since VinFast was founded. https://www.businesstimes.com.sg/singapore/central-banks-need-heightened-vigilance-over-risks-amid-middle-east-conflict-mas-chief-economist The Business Times en 2026-05-22T10:05:11+08:00 Central banks need ‘heightened vigilance’ over risks amid Middle East conflict: MAS chief economist https://cassette.sphdigital.com.sg/image/businesstimes/f01077a94253e22ea699bc7840892b2de3f6c00dcb1cfab81473fecbbb007bfb The closure of the Strait of Hormuz has disrupted supply chains of various derived materials. The closure of the Strait of Hormuz has disrupted supply chains of various derived materials. https://www.businesstimes.com.sg/companies-markets/gic-backed-co-working-firm-justco-ends-17-6-below-ipo-price-lacklustre-mainboard-debut The Business Times en 2026-05-22T10:02:01+08:00 GIC-backed co-working firm JustCo ends 17.6% below IPO price in lacklustre mainboard debut https://cassette.sphdigital.com.sg/image/businesstimes/6f00553640d1e342d5d601d72fa9d68c74e266885ed1001952326746c77dab8b JustCo's latest space at Labrador Tower is part of its luxury concept The Collective. The firm also offers premium brand JustCo and essentials-focused brand the boring office. JustCo secures commitments from nine cornerstone investors who subscribed for an aggregate of 74.3 million shares. https://www.businesstimes.com.sg/international/japans-core-inflation-hits-4-year-low-rebound-eyed-energy-shock The Business Times en 2026-05-22T10:01:58+08:00 Japan’s core inflation hits 4-year low, rebound eyed on energy shock https://cassette.sphdigital.com.sg/image/businesstimes/ea2a439bf3879a7fb18b1725b2b85cc786b0d29404264ae860c4d6d453a9d35c Bank of Japan policymakers are dropping hawkish comments signalling the chance of an interest rate hike in June as they focus on broadening inflation risks. Bank of Japan policymakers are dropping hawkish comments signalling the chance of an interest rate hike in June as they focus on broadening inflation risks. https://www.businesstimes.com.sg/property/capitaland-chalks-over-80-occupancy-geneo-cluster-science-park-rents-meet-expectations The Business Times en 2026-05-22T10:00:00+08:00 CapitaLand chalks up over 80% occupancy for Geneo cluster at Science Park; rents meet expectations https://cassette.sphdigital.com.sg/image/businesstimes/07eb34bd70a79396eec75305227ae9f7d2008c02c6256ca067fd2ddc36de2b66 About 80,000 sq m of space in Geneo is in purpose-built infrastructure for biomedical R&D, flexible laboratories and Grade A business park workspaces. About 80,000 sq m of space in Geneo is in purpose-built infrastructure for biomedical R&D, flexible laboratories and Grade A business park workspaces. https://www.businesstimes.com.sg/opinion-features/real-message-behind-beijings-back-back-summits The Business Times en 2026-05-22T09:50:01+08:00 The real message behind Beijing’s back-to-back summits https://cassette.sphdigital.com.sg/image/businesstimes/05bae912001f6f423464a26c6ca2cb95496a3f1a9440d64cb6a492c0baf43bd9 Russian President Vladimir Putin (left) and Chinese President Xi Jinping at a signing ceremony at the Great Hall of the People in Beijing on May 20. Russian President Vladimir Putin (left) and Chinese President Xi Jinping at a signing ceremony at the Great Hall of the People in Beijing on May 20. https://www.businesstimes.com.sg/international/can-carneys-middle-powers-stand-us-and-china-g-2-world The Business Times en 2026-05-22T09:28:17+08:00 Can Carney’s ‘middle powers’ stand up to the US and China in a G-2 world? https://cassette.sphdigital.com.sg/image/businesstimes/c3eef2887394b6bcb6b7bff49f3cef10141d3a3a65c1d2605c4e55948f43dbcf US President Donald Trump (right) and Chinese President Xi Jinping at their meeting in Beijing on May 15. US President Donald Trump (right) and Chinese President Xi Jinping at their meeting in Beijing on May 15. https://www.businesstimes.com.sg/companies-markets/transport-logistics/sia-engineering-opens-base-maintenance-facility-subang-sees-strong-potential-malaysian-aerospace The Business Times en 2026-05-22T09:04:08+08:00 SIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector https://cassette.sphdigital.com.sg/image/businesstimes/95cb0476af49ae83edcf1095453e447344597e3bea64ef2d0ab9c45c879ccaa3 SIA Engineering says Malaysia offers a “strong aviation heritage, strategic location, established infrastructure, and a growing pool of skilled aerospace talent”. SIA Engineering says Malaysia offers a “strong aviation heritage, strategic location, established infrastructure and a growing pool of skilled aerospace talent”. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steady-us-iran-signals-keep-rate-hike-bets-simmering The Business Times en 2026-05-22T09:01:40+08:00 Gold steady as US-Iran signals keep rate hike bets simmering https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Gold has traded in a tight range since falling sharply in the early days of the conflict. Gold has traded in a tight range since falling sharply in the early days of the conflict. https://www.businesstimes.com.sg/international/global/vista-global-sees-25-rise-apac-private-jet-traffic-malaysia-emerging-key-asean-destination The Business Times en 2026-05-22T09:00:00+08:00 Vista Global sees 25% rise in Apac private jet traffic; Malaysia emerging as key Asean destination https://cassette.sphdigital.com.sg/image/businesstimes/3d9471acf7b4032f8cfaed7399704619ecd6fa0c2bd1ecbf6f64b65821dad764 Vista's Global 8000 jet can fly non-stop for 17 hours, with a range of 8,000 nautical miles. Vista's Global 8000 jet can fly non-stop for 17 hours, with a range of 8,000 nautical miles. https://www.businesstimes.com.sg/international/asean/south-east-asias-fishermen-are-being-pushed-brink-fuel-costs The Business Times en 2026-05-22T08:43:09+08:00 South-east Asia’s fishermen are being pushed to the brink by fuel costs https://cassette.sphdigital.com.sg/image/businesstimes/57e4d05d743d783d1c765cf3e3d9b0fbed184853d87922c7406538de1b4e03f2 Fishermen are struggling as a protracted Hormuz blockade leaves the region desperately short of fuel and pushes up costs for everything from transport to refrigeration. Fishermen are struggling as a protracted Hormuz blockade leaves the region desperately short of fuel and pushes up costs for everything from transport to refrigeration. https://www.businesstimes.com.sg/companies-markets/banking-finance/trump-will-swear-kevin-warsh-may-22-lead-us-federal-reserve The Business Times en 2026-05-22T08:35:12+08:00 Trump will swear in Kevin Warsh on May 22 to lead US Federal Reserve https://cassette.sphdigital.com.sg/image/businesstimes/227aa1e497f9875a51dca77b48fa7cc2be8e5ede5b54864b530412647e493617 Kevin Warsh will take office as fellow governors contemplate raising rates to tame inflation brought on by Trump’s war on Iran. Kevin Warsh will take office as fellow governors contemplate raising rates to tame inflation brought on by Trump’s war on Iran. https://www.businesstimes.com.sg/companies-markets/stocks-watch-keppel-nio-sia-engineering-company-sri-trang-gloves-aims-apac-reit The Business Times en 2026-05-22T08:29:50+08:00 Stocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit https://cassette.sphdigital.com.sg/image/businesstimes/a6090419d0d9e66cbba5375099d61c4e69c3c61a88cee4d633fe859c69c4ef29 Keppel on Friday announced the termination of its proposed divestment of M1. Keppel on Friday announces the termination of its proposed divestment of M1. https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-sachs-pay-us500-million-settle-shareholder-lawsuit-over-1mdb-scandal The Business Times en 2026-05-22T07:59:10+08:00 Goldman Sachs to pay US$500 million to settle shareholder lawsuit over 1MDB scandal https://cassette.sphdigital.com.sg/image/businesstimes/84d05855177de5349b53e07f2ca363ab1d6668aff49516c60917e795c371c0d1 Goldman helped 1MDB sell US$6.5 billion of bonds and collected an estimated US$600 million in fees. Goldman helped 1MDB sell US$6.5 billion of bonds and collected an estimated US$600 million in fees. https://www.businesstimes.com.sg/companies-markets/keppel-tuas-confirm-m1-simba-deal-dead-water The Business Times en 2026-05-22T07:59:09+08:00 Keppel, Tuas confirm M1-Simba deal dead in the water https://cassette.sphdigital.com.sg/image/businesstimes/4887fb5cc2257c0a294a0aec30a23f107af13e47f610568465836dacb2b6ccf3 Tuas Ltd says that Simba continues to cooperate with IMDA's investigation into the alleged spectrum breaches by the telco. Tuas Ltd says that Simba continues to cooperate with IMDA's investigation into the alleged spectrum breaches by the telco. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singapore-based-digital-edge-closes-us575-million-loan-fund-asia-pacific-expansion The Business Times en 2026-05-22T07:54:27+08:00 Singapore-based Digital Edge closes US$575 million loan to fund Asia-Pacific expansion https://cassette.sphdigital.com.sg/image/businesstimes/babed2d248dd94fb9e5a7039d7ae619b087ca01c98fabb3f01917aef345eb711 Turner and Townsend director Alex Quek believes that Singapore will be a significant player in the data centre race, albeit in the context of sustainability rather than pure capacity. Digital Edge said the majority of participating lenders are existing financing partners. https://www.businesstimes.com.sg/opinion-features/business-case-rightsizing-ai-also-environmental-one The Business Times en 2026-05-22T07:00:00+08:00 The business case for rightsizing AI is also an environmental one https://cassette.sphdigital.com.sg/image/businesstimes/440b45b0d8c372cb13d0648aa1073d71bbeded539569aa5fb9ff4a95dc6a01ab Right-sizing AI is pointless if companies do not ask the fundamental question: whether it is even the right solution. Rightsizing AI is pointless if companies do not ask the fundamental question: whether it is even the right solution. https://www.businesstimes.com.sg/international/global/pakistan-seeks-breakthrough-peace-talks-iran-and-us-still-odds-over-uranium-hormuz-tolls The Business Times en 2026-05-22T06:54:29+08:00 Pakistan seeks breakthrough in peace talks, but Iran and US still at odds over uranium, Hormuz tolls https://cassette.sphdigital.com.sg/image/businesstimes/2db6eb38af9d3013b77dcc69e5e22fa453465ef10f3b01073bae649948887a4a Teheran’s control over the Strait of Hormuz reportedly remains a sticking point in the ceasefire deal. Teheran’s control over the Strait of Hormuz reportedly remains a sticking point in the ceasefire deal. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-rise-investors-doubt-breakthrough-us-iran-peace-talks The Business Times en 2026-05-22T06:18:06+08:00 Oil prices rise as investors doubt breakthrough in US-Iran peace talks https://cassette.sphdigital.com.sg/image/businesstimes/3bb376eaa4bf6a69716b8278ef477780c0acc56f8d2f4e1abda255cd9a4f48aa Seven leading Opec+ oil-producing countries will likely agree to a modest hike in July output when they meet on Jun 7, Reuters reported on Thursday, citing four sources. Around 20% of global energy supplies transited the Strait before the war, which has removed 14 million barrels per day of oil from the market. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-indexes-end-slightly-higher-investors-focus-middle-east-peace-hopes The Business Times en 2026-05-22T06:00:01+08:00 Wall Street indexes end slightly higher as investors focus on Middle East peace hopes https://cassette.sphdigital.com.sg/image/businesstimes/c77d7bd71d0d9e12f6917fafbe640d92552230f0b7bb0fd5a55ba619e15001f3 After spending the morning in the red, stocks clawed their way back to gains in afternoon trading while oil prices shifted from a rally to a decline. After spending the morning in the red, stocks clawed their way back to gains in afternoon trading while oil prices shifted from a rally to a decline. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-equities-end-flat-investors-await-middle-east-peace-updates The Business Times en 2026-05-22T05:42:02+08:00 European equities end flat as investors await Middle East peace updates https://cassette.sphdigital.com.sg/image/businesstimes/899f5edd09ef3812778b55e7c88e19c96badf13de325be7ad02c3bc4a0226e61 The pan-European Stoxx 600 was little changed at 620.56 points, a two-week high. The pan-European Stoxx 600 was little changed at 620.56 points, a two-week high. https://www.businesstimes.com.sg/international/global/iran-talks-oman-over-permanent-toll-system-hormuz The Business Times en 2026-05-21T23:43:10+08:00 Iran in talks with Oman over permanent toll system for Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/c367d8d498f6ef12c3cc4673a06740a595ec3797fc6a583e5cbad8997f95d6b6 Vessels sail through the Strait of Hormuz, Musandam, Oman, May 20, 2026. Vessels sail through the Strait of Hormuz, Musandam, Oman, May 20, 2026. https://www.businesstimes.com.sg/companies-markets/transport-logistics/singamas-says-company-teo-siong-seng-have-not-been-served-any-legal-process-doj The Business Times en 2026-05-21T23:07:06+08:00 Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ https://cassette.sphdigital.com.sg/image/businesstimes/60a4840d768b55f6e235bf50f4d059cf7ec9f6f6ccea18661d73b5c3ba9fef8c alshipping21 // ST20221017-202242776928-Lim Yaohui/ Welcome Remarks by Mr Teo Siong Seng, Executive Chairman of PIL, during the donation ceremony at Solitaire on Cecil on Oct 17, 2022. Teo Siong Seng has not been served with any legal process or other legal documentation by the US Department of Justice, says Singamas. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-and-ey-spend-us1-billion-help-clients-adopt-ai The Business Times en 2026-05-21T22:54:03+08:00 Microsoft and EY to spend US$1 billion to help clients adopt AI https://cassette.sphdigital.com.sg/image/businesstimes/4258e3d6d04a4dd3eb94f9a03c80fa76d1e3fb1540e862f9717362c203d70ced The initiative aims to marry Microsoft’s AI products and its engineering expertise with EY’s industry knowledge and change management skills. The initiative aims to marry Microsoft’s AI products and its engineering expertise with EY’s industry knowledge and change management skills. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/grab-hitches-ride-ai-wave-ceo-anthony-tan-steers-company-next-phase-growth The Business Times en 2026-05-21T22:32:00+08:00 Grab hitches a ride on the AI wave as CEO Anthony Tan steers company into next phase of growth https://cassette.sphdigital.com.sg/image/businesstimes/1a0f1fd7cea81280a084c4170dee91b63dcff284781c5e616eee20c5a9f361a6 Grab's co-founder and CEO Anthony Tan is BT's Singapore Business Awards' Businessman of the Year for 2026. Grab's co-founder and CEO Anthony Tan is BT's Singapore Business Awards' Businessman of the Year for 2026. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/china-world-how-jane-sun-leans-her-global-experience-drive-trip-coms-growth-culture The Business Times en 2026-05-21T22:31:00+08:00 From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture https://cassette.sphdigital.com.sg/image/businesstimes/d5dcedb4448ceadb2e8db398516afe7d34ca8131f39765e474f2fa13efec0bc8 “I’m (one of) the very few female CEOs in a high-tech industry, so I feel tremendous responsibility to pave the way for our young leadership team," says Sun. “I’m (one of) the very few female CEOs in a high-tech industry, so I feel tremendous responsibility to pave the way for our young leadership team," says Trip.com Group’s CEO Jane Sun. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/how-sats-ceo-kerry-mok-turned-groups-lowest-ebb-sky-high-results-global-stage The Business Times en 2026-05-21T22:31:00+08:00 How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage  https://cassette.sphdigital.com.sg/image/businesstimes/81a14324ed599f03e5b6d719bc3bdaadbd54747c5978e0967b9708f18d75ffba Kerry Mok, president and CEO of SATS Group, says the big task was convincing stakeholders of a multibillion-dollar acquisition in a time of global crisis. Kerry Mok, president and CEO of Sats, says the Covid-19 pandemic clearly showed that the group needed to strengthen through diversification. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/hawker-stall-enterprise-award-winner-how-han-keen-juan-scaled-old-chang-kee-empire The Business Times en 2026-05-21T22:30:00+08:00 From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire https://cassette.sphdigital.com.sg/image/businesstimes/cdf8877d0ce06c22781e5d0ceb6ac4d0af9690745bf3b2fd71e0cb041cc910b3 Han Keen Juan, Executive Chairman, Old Chang Kee Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/eric-leongs-steel-ambitions-take-mlion-beyond-singapore The Business Times en 2026-05-21T22:30:00+08:00 Eric Leong’s steel ambitions take Mlion beyond Singapore https://cassette.sphdigital.com.sg/image/businesstimes/567c4ba70eead5d6cb46dc7ffe01e34815b1df44753e05b76212ef18b35a209b Eric Leong, co-founder and CEO of Mlion, has built the company by taking on steel projects and markets others were reluctant to enter. Eric Leong, co-founder and CEO of Mlion, has built the company by taking on steel projects and markets others were reluctant to enter. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/grab-group-ceo-anthony-tan-takes-top-prize-41st-singapore-business-awards The Business Times en 2026-05-21T22:30:00+08:00 Grab group CEO Anthony Tan takes top prize at 41st Singapore Business Awards https://cassette.sphdigital.com.sg/image/businesstimes/e1df7ca9c469a039470dba25acb51d77e75d7b564a61bcf4c7745914dc42fd4e The award winners at the 41st SBA: (from left): William Lim. CEO, Old Chang Kee; Jane Sun, CEO, Trip.com Group; Anthony Tan, Group CEO, Grab; Kerry Mok, CEO, Sats; Eric Leong, CEO, Mlion Corporation. Winners at the 41st SBA (from left) Old Chang Kee CEO William Lim; Trip.com CEO Jane Sun; Grab group CEO Anthony Tan; Sats CEO Kerry Mok; and Mlion CEO Eric Leong. https://www.businesstimes.com.sg/international/us-manufacturing-activity-rises-four-year-high-may-sp-global-survey-shows The Business Times en 2026-05-21T22:25:22+08:00 US manufacturing activity rises to four-year high in May, S&P Global survey shows https://cassette.sphdigital.com.sg/image/businesstimes/59bc23987181a9bf8b1e7a3bf07289af0ab390d2bf283427857efb4625702fc7 S&P Global said though new order growth at factories slowed, input inventories increased to an 11-month high, attributed to “the building of safety stocks amid price and supply worries.” S&P Global said though new order growth at factories slowed, input inventories increased to an 11-month high, attributed to “the building of safety stocks amid price and supply worries.” https://www.businesstimes.com.sg/property/us-housing-starts-decline-drop-single-family-homes The Business Times en 2026-05-21T21:58:28+08:00 US housing starts decline on drop in single-family homes https://cassette.sphdigital.com.sg/image/businesstimes/4881373b8c81cc1445e95ad7014079e1a6cea5bb478c3a4348279119a6ce34f6 Starts of single-family homes declined 9 per cent, the most since August, to an annualised 930,000 pace. Starts of single-family homes declined 9 per cent, the most since August, to an annualised 930,000 pace. https://www.businesstimes.com.sg/companies-markets/wall-st-opens-lower-oil-jumps-renewed-mideast-concerns The Business Times en 2026-05-21T21:45:19+08:00 Wall St opens lower as oil jumps on renewed Mideast concerns https://cassette.sphdigital.com.sg/image/businesstimes/142705143b8389f0a1f5d23db432cef114de9706525b558e35671209a8e0bc9e The S&P 500 fell 22.2 points, or 0.30 per cent, at the open to 7,410.78​, while the Nasdaq Composite dropped 126.7 points, or 0.48 per cent, to 26,143.616 at the opening bell. The S&P 500 fell 22.2 points, or 0.30 per cent, at the open to 7,410.78​, while the Nasdaq Composite dropped 126.7 points, or 0.48 per cent, to 26,143.616 at the opening bell. https://www.businesstimes.com.sg/companies-markets/transport-logistics/paris-appeals-court-finds-airbus-air-france-guilty-corporate-manslaughter-over-2009-crash The Business Times en 2026-05-21T21:34:30+08:00 Paris appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash https://cassette.sphdigital.com.sg/image/businesstimes/c827c2e53689d8cf99e71985edbb9417adf588793915da3f4985b4d365644d06 The Cockpit Voice Recorder (CVR), one of two flight recorders from the Rio-Paris Air France flight which crashed in 2009. The Cockpit Voice Recorder (CVR), one of two flight recorders from the Rio-Paris Air France flight which crashed in 2009. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/core-strengths-new-capabilities-and-more-connectivity-key-singapores-future-chan-chun-sing The Business Times en 2026-05-21T21:30:00+08:00 Core strengths, new capabilities and more connectivity key to Singapore’s future: Chan Chun Sing https://cassette.sphdigital.com.sg/image/businesstimes/172e41c33402b290e5c5b5f2e3fe065354eeda6d7343f22a6def38192b8c7854 Singapore's stability and predictability are a “source of strength", says Minister for Defence and Coordinating Minister for Public Services Chan Chun Sing. Singapore's stability and predictability are a "source of strength", says Minister for Defence Chan Chun Sing (left) at a fireside chat moderated by DHL Express Singapore's Christopher Ong. https://www.businesstimes.com.sg/esg/simplified-disclosure-programme-launched-support-smes-sustainability-reporting The Business Times en 2026-05-21T21:28:52+08:00 Simplified disclosure programme launched to support SMEs in sustainability reporting https://cassette.sphdigital.com.sg/image/businesstimes/6ced308cf2edf70a626cf632678512c72cce9fb02f93668c49632d61fb987c79 CMG20260521-SeyuTW01/萧紫薇/ 甘田/ Launch Of Green 100 At Ecosperity Week 2026 [MBS]Opening remarks by Singapore’s Ambassador for Climate Action, Ravi Menon. Ravi Menon, Singapore’s ambassador for climate action, says that Green 100 is aimed at making SMEs’ climate action commercially meaningful. https://www.businesstimes.com.sg/international/global/chinas-first-humanoid-robot-incubator-has-its-eyes-set-south-east-asia-starting-singapore-office The Business Times en 2026-05-21T21:28:02+08:00 China’s first humanoid robot incubator has its eyes set on South-east Asia – starting with a Singapore office https://cassette.sphdigital.com.sg/image/businesstimes/36cd0e22685a31182419b8cc36e87b2a8a4069b13800e333c5b58a6fc6bd0cd2 SM Lee Hsien Loong tours the Shanghai Municipal Humanoid Robot Innovation Incubator with (left) Rong Guoqiang, general manager of the incubator, and (third from left) Wang Bing, head of the incubator. SM Lee Hsien Loong (centre) at the Shanghai Municipal Humanoid Robot Innovation Incubator with general manager Rong Guoqiang (left) and incubator head Wang Bing (third from left). https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-fall-amid-labour-market-resilience The Business Times en 2026-05-21T21:15:36+08:00 US weekly jobless claims fall amid labour market resilience https://cassette.sphdigital.com.sg/image/businesstimes/95863eb727e13ebb4ff05e0a226d83314971b453d8a3f695710881d82768799a Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 209,000 for the week ended May 16. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 209,000 for the week ended May 16. https://www.businesstimes.com.sg/singapore/toyota-launch-its-first-mainstream-ev-singapore-q3-2026 The Business Times en 2026-05-21T21:05:06+08:00 Toyota to launch its first mainstream EV in Singapore in Q3 2026 https://cassette.sphdigital.com.sg/image/businesstimes/52704e775849de6bc088592b8a077ebee5becf2b5132ff01480f1e2f16c74a95 Toyota is expanding its electric model range with the (from left) BZ4X Touring and Urban Cruiser. Toyota is expanding its electric model range with the (from left) BZ4X Touring and Urban Cruiser. https://www.businesstimes.com.sg/property/haidilao-co-founders-family-buys-second-bungalow-cluny-hill-s85-million The Business Times en 2026-05-21T21:01:21+08:00 Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million https://cassette.sphdigital.com.sg/image/businesstimes/5b7646743f8cb5c54e2596f3496f0d6a5aa190d5d1f0ce97dec606c3d57643ae The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft. The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft. https://www.businesstimes.com.sg/international/us-invest-quantum-computing-firms-exchange-stakes The Business Times en 2026-05-21T20:52:28+08:00 US to invest in quantum computing firms in exchange for stakes https://cassette.sphdigital.com.sg/image/businesstimes/f67d12287084d1ce04abb183fd6d27f76cb7a3bda13bf685c5732a5e0ee04b57 IBM will receive US$1 billion from the Trump administration in exchange for a stake in the company. IBM will receive US$1 billion from the Trump administration in exchange for a stake in the company. https://www.businesstimes.com.sg/companies-markets/sri-trang-gloves-q1-profit-falls-9-5-384-1-million-baht The Business Times en 2026-05-21T20:51:30+08:00 Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht https://cassette.sphdigital.com.sg/image/businesstimes/0951fb196c74bcbebd9e271a3acd5cb77d3e097be379f88f06678e4d0ba32c33 Sri Trang says that it retains a competitive advantage in manufacturing by using natural rubber latex, prices of which have risen by about 30%. Sri Trang says that it retains a competitive advantage in manufacturing by using natural rubber latex, prices of which have risen by about 30%. https://www.businesstimes.com.sg/international/google-meta-tiktok-face-eu-consumer-complaints-about-handling-financial-scams The Business Times en 2026-05-21T20:49:49+08:00 Google, Meta, TikTok face EU consumer complaints about handling of financial scams https://cassette.sphdigital.com.sg/image/businesstimes/274e6a1a708d494ca54c45fee5ea061053469d0f1e6ed5ce809f91aa250b855d The complaints were submitted to the European Commission and national regulators under the Digital Services Act (DSA). The complaints were submitted to the European Commission and national regulators under the Digital Services Act (DSA). https://www.businesstimes.com.sg/international/asean/asean-may-be-forced-choose-between-economic-growth-and-climate-if-both-are-not-decoupled-ravi-menon The Business Times en 2026-05-21T20:19:10+08:00 Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon https://cassette.sphdigital.com.sg/image/businesstimes/dce2240520d6c855d88990aba60a0d082bb0a4aed862dfc52d4bafcce34147cd Ravi Menon, Singapore's ambassador for climate action, says that despite challenges in carbon markets, it is key to "rebuild integrity so that financing can follow". Ravi Menon, Singapore's ambassador for climate action, says that despite challenges in carbon markets, it is key to "rebuild integrity so that financing can follow". https://www.businesstimes.com.sg/international/saudis-us1-trillion-wealth-fund-weighs-creating-logistics-giant The Business Times en 2026-05-21T20:14:14+08:00 Saudi’s US$1 trillion wealth fund weighs creating a logistics giant https://cassette.sphdigital.com.sg/image/businesstimes/50e7976c14806d92790fd92e7b60a146ed91bf69ebbc5c9bb82113782efc4925 The fund is increasingly prioritising businesses that generate steady returns, while supporting the domestic economy. The fund is increasingly prioritising businesses that generate steady returns, while supporting the domestic economy. https://www.businesstimes.com.sg/companies-markets/nio-q1-net-loss-narrows-332-1-million-yuan-revenue-doubles The Business Times en 2026-05-21T20:12:52+08:00 Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles https://cassette.sphdigital.com.sg/image/businesstimes/bafbb4f3b172bdccff7b296c5542ed8de13e223a79dde86cd3619268c3de4c01 On a quarter-on-quarter basis, however, its net loss was a reversal from the net profit of 282.7 million yuan in the fourth quarter of 2025. On a quarter-on-quarter basis, Nio's net loss was a reversal from the net profit of 282.7 million yuan in the fourth quarter of 2025. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-hits-session-high-report-iran-wants-keep-its-uranium The Business Times en 2026-05-21T20:11:25+08:00 Oil hits session high on report Iran wants to keep its uranium https://cassette.sphdigital.com.sg/image/businesstimes/de5c67be881da9fbb48ca926dc056b30cd9d081e054790103d50d1c848db5daa Brent traded near US$107 a barrel on Thursday, after sliding 5.6 per cent in the previous session. Brent traded near US$107 a barrel on Thursday, after sliding 5.6 per cent in the previous session. https://www.businesstimes.com.sg/companies-markets/aims-apac-reit-secures-sustainability-linked-loan-facilities-s450-million-160-million The Business Times en 2026-05-21T19:47:40+08:00 Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million https://cassette.sphdigital.com.sg/image/businesstimes/21c095ad2a3aab27cfc991e132060f05d0876a76c7d2d355c195a5b872bd3127 The sustainability-linked loan is tied to AA Reit's performance, with pre-determined targets focused on reducing Scope 2 carbon emissions, among others. The sustainability-linked loan is tied to AA Reit's performance, with pre-determined targets focused on reducing Scope 2 carbon emissions, among others. https://www.businesstimes.com.sg/international/executive-assistants-making-us100000-year-are-losing-jobs-ai The Business Times en 2026-05-21T19:10:09+08:00 Executive assistants making US$100,000 a year are losing jobs to AI https://cassette.sphdigital.com.sg/image/businesstimes/75b3537df7b3d036be3c5f9f5d24fa3d440d787be315b2b2acbb208e1bb80088 EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report. EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report. https://www.businesstimes.com.sg/companies-markets/manus-weighs-raising-us1-billion-unwind-meta-takeover The Business Times en 2026-05-21T19:08:49+08:00 Manus weighs raising US$1 billion to unwind Meta takeover https://cassette.sphdigital.com.sg/image/businesstimes/e4161417d9b851952c32478f44d61fe2bd7135da12f2a54934da396f96b63854 It’s unclear how new owners would carve out Manus’s agentic AI technology, much of which has been integrated into Meta’s systems. It’s unclear how new owners would carve out Manus’s agentic AI technology, much of which has been integrated into Meta’s systems. https://www.businesstimes.com.sg/international/uk-net-migration-falls-below-200000-visa-clampdown-bites The Business Times en 2026-05-21T18:41:56+08:00 UK net migration falls below 200,000 as visa clampdown bites https://cassette.sphdigital.com.sg/image/businesstimes/57de7169f457744dd8196d45d85f9819e222300a4e217c2bd7a3034123496ccc Britons and Europeans continued to depart the UK in large numbers. Britons and Europeans continued to depart the UK in large numbers. https://www.businesstimes.com.sg/international/war-weighs-global-growth-inflation-worries-intensifying The Business Times en 2026-05-21T18:38:05+08:00 War weighs on global growth with inflation worries intensifying https://cassette.sphdigital.com.sg/image/businesstimes/c290c43ea0b7133b4a8bffa0de0068086ede4bdd511ea886976a45267dc967fd Overall, the numbers add to evidence that the growth and inflation shocks to the world from the Middle East crisis are spreading, complicating the task for central bankers. Overall, the numbers add to evidence that the growth and inflation shocks to the world from the Middle East crisis are spreading, complicating the task for central bankers. https://www.businesstimes.com.sg/international/eurozone-economic-activity-contracts-fastest-pace-over-two-years-may The Business Times en 2026-05-21T18:30:18+08:00 Eurozone economic activity contracts at fastest pace in over two years in May https://cassette.sphdigital.com.sg/image/businesstimes/274e6a1a708d494ca54c45fee5ea061053469d0f1e6ed5ce809f91aa250b855d New orders across the private sector fell at their fastest pace in 18 months, with new export orders declining at the steepest rate since January 2025. New orders across the private sector fell at their fastest pace in 18 months, with new export orders declining at the steepest rate since January 2025. https://www.businesstimes.com.sg/newsletters/daily-debrief/daily-debrief-what-happened-today-may-212 The Business Times en 2026-05-21T18:30:00+08:00 Daily Debrief: What Happened Today (May 21) https://cassette.sphdigital.com.sg/image/businesstimes/de9ba03584bb7dee9907662d37d0161aa02273d805d5776b4cf1b0ddaee518a0 Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". https://www.businesstimes.com.sg/singapore/ai-reshapes-entry-level-work-fresh-grads-must-prepare-third-year-job-panel The Business Times en 2026-05-21T18:14:47+08:00 As AI reshapes entry-level work, fresh grads must prepare for the ‘third-year job’: panel https://cassette.sphdigital.com.sg/image/businesstimes/807163155b3681cc3995fb467b7b5a867d81b429cd95bb3d53cc0da8f2b867e2 From left: IMDA's Yvonne Lim, who moderated the panel; Acting Minister for Transport Jeffrey Siow; SMU's Professor Lily Kong; and Singtel's Ng Tian Chong. From left: IMDA's Yvonne Lim, who moderated the panel; Acting Minister for Transport Jeffrey Siow; SMU's Professor Lily Kong; and Singtel's Ng Tian Chong. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-flattish-amid-mixed-regional-showing-sti-0-02 The Business Times en 2026-05-21T18:02:17+08:00 Singapore stocks end flattish amid mixed regional showing; STI up 0.02% https://cassette.sphdigital.com.sg/image/businesstimes/663fb47215d9cba8966fbe4a43e94a2eaaf5e7921408401fabcebc72782c681e Across the broader market, gainers edged out losers 315 to 285, after 1.8 billion securities worth S$2.6 billion changed hands. Across the broader market, gainers outnumber losers 315 to 285, after 1.8 billion securities worth S$2.6 billion change hands. https://www.businesstimes.com.sg/lifestyle/food-drink/japanese-food-singaporean-tastebuds-jiin-omakase The Business Times en 2026-05-21T18:00:00+08:00 Japanese food for Singaporean tastebuds at Jiin Omakase https://cassette.sphdigital.com.sg/image/businesstimes/1e8905bfd962a9fe4f9397c1a6e67100383c68c4c266acc317dde8a96b88ffdf Jiin Omakase's cosy interiors. Jiin Omakase's cosy interiors. https://www.businesstimes.com.sg/lifestyle/food-drink/rose-wine-forgotten-sister-deserves-more The Business Times en 2026-05-21T18:00:00+08:00 Rose wine – the forgotten sister that deserves more https://cassette.sphdigital.com.sg/image/businesstimes/f6f15ac9ebebaf9d983c884b00fbac8d0723f4782e6ba2fe07e7fcc9294e2a34 Rosé wines go very well with Asian food. Rose wines go very well with Asian food. https://www.businesstimes.com.sg/lifestyle/style-travel/exploring-great-outdoors-school-holidays The Business Times en 2026-05-21T18:00:00+08:00 Exploring the great outdoors for school holidays https://cassette.sphdigital.com.sg/image/businesstimes/93f15a94cfc6b2513e704f3095b9b7bb5fc61c29a9d683455a4a1106d90b3cbc Kids enjoying a bonfire at Nikoi Island. Kids enjoying a bonfire on Nikoi Island. https://www.businesstimes.com.sg/international/analysts-doubt-over-whether-bank-indonesias-rate-hike-will-stem-rupiahs-slide The Business Times en 2026-05-21T17:57:36+08:00 Analysts in doubt over whether Bank Indonesia’s rate hike will stem rupiah’s slide https://cassette.sphdigital.com.sg/image/businesstimes/586a436b7c7d38bc15e64102fd81409e06c807b5116671d995226fd3d3967b20 Indonesian President Prabowo Subianto announces steps to support local assets, such as a state-owned entity to centralise exports of strategic commodities. Indonesian President Prabowo Subianto has also announced steps to support local assets through a state-owned entity to centralise exports of strategic commodities. https://www.businesstimes.com.sg/international/seoul-apartment-price-rally-gains-pace-ahead-bank-korea-decision The Business Times en 2026-05-21T17:31:14+08:00 Seoul apartment price rally gains pace ahead of Bank of Korea decision https://cassette.sphdigital.com.sg/image/businesstimes/d63d46bda86a9003552b4163c7368286f0a260dbd24f97537d706630f38e5f68 The Bank of Korea next sets policy on May 28, which will be governor Shin Hyun-song’s first rate decision since taking office in April. The Bank of Korea next sets policy on May 28, which will be governor Shin Hyun-song’s first rate decision since taking office in April. https://www.businesstimes.com.sg/companies-markets/transport-logistics/thai-watchdog-sue-volvo-cars-over-ex30-fires-consumers-demand-refunds The Business Times en 2026-05-21T17:29:56+08:00 Thai watchdog to sue Volvo Cars over EX30 fires as consumers demand refunds https://cassette.sphdigital.com.sg/image/businesstimes/19af3e09702a1cae2be7e939bc96e6daef001f5dd899832770341ec0b7250c03 The decision to take court action follows two EX30 fires in Thailand this month. The decision to take court action follows two EX30 fires in Thailand this month. https://www.businesstimes.com.sg/international/uk-private-sector-shrinks-starmer-crisis-adds-iran-shock The Business Times en 2026-05-21T17:21:52+08:00 UK private sector shrinks as Starmer crisis adds to Iran shock https://cassette.sphdigital.com.sg/image/businesstimes/57f72baba7a2ba5221c529c805c37656c8c29aeae42ec023e509cb2f4cfdbe32 The survey will deliver a further blow to Starmer’s Labour government, which has struggled to deliver on its promise to boost economic growth. The survey will deliver a further blow to Starmer’s Labour government, which has struggled to deliver on its promise to boost economic growth. https://www.businesstimes.com.sg/international/us-philippines-reach-deal-economic-security-zone-sooner-rather-later-us-official-says The Business Times en 2026-05-21T16:47:03+08:00 US, Philippines to reach deal on economic security zone ‘sooner rather than later’, US official says https://cassette.sphdigital.com.sg/image/businesstimes/e6cf53b02030c57c5e15ac14594a7be1b81fcfcf59d7d244b9c98e0c4d9cd217 US officials led by Undersecretary of State for Economic Affairs Jacob Helberg talks to reporters in Pampanga, Philippines on May 18, 2028. US officials led by Undersecretary of State for Economic Affairs Jacob Helberg talks to reporters in Pampanga, Philippines on May 18, 2028. https://www.businesstimes.com.sg/singapore/policy-changes-construction-demand-push-commercial-vehicle-coe-premiums-new-record The Business Times en 2026-05-21T16:36:51+08:00 Policy changes, construction demand push commercial vehicle COE premiums to new record https://cassette.sphdigital.com.sg/image/businesstimes/ec76c3937ab21e675e7a16da872dbfa3cd28930e0902235b29effb1dfa6d9eeb Heavy vehicle demand to serve major construction projects has helped drive Category C COE premiums to new heights. Heavy vehicle demand to serve major construction projects has helped drive Category C COE premiums to new heights. https://www.businesstimes.com.sg/thrive/money-talk/some-young-singaporeans-renting-worthy-expense The Business Times en 2026-05-21T16:20:15+08:00 For some young Singaporeans, renting is a worthy expense https://cassette.sphdigital.com.sg/image/businesstimes/ead4ac253160fb34abdc279c4d1e1e0c686a340e11b5454bb285c036e6cb924b BT BT https://www.businesstimes.com.sg/companies-markets/goldman-ceo-slides-elon-musks-dms-during-bid-lead-spacex-ipo The Business Times en 2026-05-21T16:20:03+08:00 Goldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO https://cassette.sphdigital.com.sg/image/businesstimes/4a3382339cc6e2422373c764977e96eed3835e037e09d1a2ca6f15d45892b5b7 Goldman Sachs CEO David Solomon is known for using gimmicks to help win a deal. Goldman Sachs CEO David Solomon is known for using gimmicks to help win a deal. https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-faces-calls-pause-bond-taper-energy-shock-jolts-yields The Business Times en 2026-05-21T16:15:30+08:00 BOJ faces calls to pause bond taper as energy shock jolts yields https://cassette.sphdigital.com.sg/image/businesstimes/79e70c27fe377933af85d26a2f65d51fa81d56dd0384c69f067b7355397ceb48 The BOJ has been tapering its huge bond purchases since 2024 and currently buys roughly 2.1 trillion yen worth of Japanese government bonds per month. The BOJ has been tapering its huge bond purchases since 2024 and currently buys roughly 2.1 trillion yen worth of Japanese government bonds per month. https://www.businesstimes.com.sg/international/asean/malaysian-palm-oil-groups-worried-indonesian-export-revamp-could-cause-short-term-disruption The Business Times en 2026-05-21T16:10:47+08:00 Malaysian palm oil groups worried Indonesian export revamp could cause short-term disruption https://cassette.sphdigital.com.sg/image/businesstimes/f85563c117456c96e49c1bc214f75d6cc16ccc5d2f84ab4c6831462105fcd454 Malaysia could potentially benefit if buyers view its supply as more stable and predictable during the initial implementation of Indonesia's new measures. Malaysia could potentially benefit if buyers view its supply as more stable and predictable during the initial implementation of Indonesia's new measures. https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-will-hire-more-ai-fewer-bankers-ceo-dimon-says The Business Times en 2026-05-21T15:58:07+08:00 JPMorgan will hire more for AI, fewer bankers, CEO Dimon says https://cassette.sphdigital.com.sg/image/businesstimes/e3074e93efb69f4cc60967e41967f7fcc174843b6e7e37e6fded4db5df0ab963 Unlike some of his banking peers, Jamie Dimon struck a measured tone, arguing that the AI-driven transition can largely be managed through natural turnover. Unlike some of his banking peers, Jamie Dimon struck a measured tone, arguing that the AI-driven transition can largely be managed through natural turnover. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-jump-weak-jobs-data-tempers-rba-rate-hike-bets The Business Times en 2026-05-21T15:52:44+08:00 Australian shares jump as weak jobs data tempers RBA rate-hike bets https://cassette.sphdigital.com.sg/image/businesstimes/3ad57876201f6b3d4692bf1739fa533fad449648a074cef2829262e16944ab18 The S&P/ASX 200 index rose 1.5 per cent to 8,621.70 points, logging its best close in a week. The S&P/ASX 200 index rose 1.5 per cent to 8,621.70 points, logging its best close in a week. https://www.businesstimes.com.sg/companies-markets/why-singtel-seeking-aussie-partner-optus The Business Times en 2026-05-21T15:50:00+08:00 Why is Singtel seeking an Aussie partner for Optus? https://cassette.sphdigital.com.sg/image/businesstimes/82e111eed6a8d6cdade412e4b1f5d674bb5bc1427071ce86448909f8fb2dd72b The minority partner must ensure that Optus continues to be “a strong alternative operator in the industry", says Singtel. Singtel is seeking a “like-minded long-term local partner” that would take a “meaningful minority stake” in Optus. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-equities-ease-investors-await-middle-east-peace-updates The Business Times en 2026-05-21T15:42:41+08:00 European equities ease as investors await Middle East peace updates https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 was down 0.2 per cent at 618.79 points, as of 0701 GMT on Thursday. The Stoxx 600 was down 0.2 per cent at 618.79 points, as of 0701 GMT on Thursday. https://www.businesstimes.com.sg/international/australia-jobless-rate-jumps-41-2-year-high-rba-bets-fade The Business Times en 2026-05-21T15:36:21+08:00 Australia jobless rate jumps to 4½ year high as RBA bets fade https://cassette.sphdigital.com.sg/image/businesstimes/45b259a26999b5b4cb266a4e1d36b3d16ba4b2f56a5870865f89f5e2c88719e2 FILE PHOTO: People shop at Pitt Street Mall in Sydney, Australia, September 29, 2025. REUTERS/Hollie Adams/File Photo/File Photo Australia has seen a wave of layoffs this year, particularly in the tech sector, where companies have blamed AI adoption, restructuring and cost pressures. https://www.businesstimes.com.sg/lifestyle/was-winning-entry-commonwealth-short-story-prize-generated-ai The Business Times en 2026-05-21T15:14:42+08:00 Was a winning entry of the Commonwealth Short Story Prize generated by AI? https://cassette.sphdigital.com.sg/image/businesstimes/5a8c8c25891d2687d599be36c1964cf216aa52cf8468103335493d5959774676 The overall winner of the Commonwealth Short Story Prize will be announced on Jun 30. The overall winner of the Commonwealth Short Story Prize will be announced on Jun 30. https://www.businesstimes.com.sg/international/asean/danantara-indonesia-will-honour-commodity-export-contracts-will-review-prices The Business Times en 2026-05-21T15:13:20+08:00 Danantara Indonesia will honour commodity export contracts, but will review prices https://cassette.sphdigital.com.sg/image/businesstimes/5340c24c998cd09cdc255d0fa399e80b86e4348a9d3a698b31a13afc2ca1fffd Danantara planned to combine the asset management firms it owns, aiming to build a larger player to compete locally and across the region. Danantara said that when the sovereign wealth fund has visibility on pricing, it may renegotiate prices that were set below global benchmarks. https://www.businesstimes.com.sg/lifestyle/why-these-are-sobering-times-alcohol-companies The Business Times en 2026-05-21T14:48:09+08:00 Why these are sobering times for alcohol companies https://cassette.sphdigital.com.sg/image/businesstimes/0ecb27812b32b3429621c83784842fba874ba19a2421fc7e22e5be1a69ba095a FILE PHOTO: A waiter takes a bottle of Kingfisher beer out of a fridge at a pub in Mumbai, India. Health concerns and tighter household budgets are prompting people to drink less. Health concerns and tighter household budgets are prompting people to drink less. https://www.businesstimes.com.sg/singapore/some-things-know-about-teo-siong-seng-singapore-shipping-veteran-accused-us-price-collusion The Business Times en 2026-05-21T14:33:59+08:00 Some things to know about Teo Siong Seng, the Singapore shipping veteran accused by US of price collusion https://cassette.sphdigital.com.sg/image/businesstimes/55e0d97ab3accc1a705c2140583252cef7f594cd72ebeb45982be224c04f5ca8 Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement. Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/circular-ai-boom-goes-global-asia-windfall-funds-hyperscalers The Business Times en 2026-05-21T14:21:18+08:00 Circular AI boom goes global as Asia windfall funds hyperscalers https://cassette.sphdigital.com.sg/image/businesstimes/24eb861b809356aa761fdd9c588025f5818cab0ac1a9dc2b7dac5c5d8a2ddfaf India, Vietnam, Malaysia and other parts of South-east Asia are taking advantage as companies adopt a China-plus-one strategy to diversify their supply. India, Vietnam, Malaysia and other parts of South-east Asia are taking advantage as companies adopt a China-plus-one strategy to diversify their supply. https://www.businesstimes.com.sg/events-awards/design-ai-and-tech-awards/gallery/2026-final-award-presentation1 The Business Times en 2026-05-21T14:17:04+08:00 2026 Final Award Presentation https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singtel-seeks-clarity-taking-part-telco-consolidation-analysts-note-very-high-bar-approval The Business Times en 2026-05-21T14:11:17+08:00 Singtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval https://cassette.sphdigital.com.sg/image/businesstimes/c12aefbd72c5cce8587ece988d0f6cb9af6b04aa9b07be98211cd12f298a97dc Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". https://www.businesstimes.com.sg/international/asean/who-would-buy-vietnams-state-owned-stakes-when-hanoi-ready-sell The Business Times en 2026-05-21T14:06:42+08:00 Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell? https://cassette.sphdigital.com.sg/image/businesstimes/16d0085bdc05cf3c90df92dafe47dfbc68893b09edd1672eeaafc1ab2b5a418f Vietnam is set to be upgraded to secondary emerging market status later this year, which could pull billions of dollars into its stock market. Vietnam is set to be upgraded to secondary emerging market status later this year, which could pull billions of dollars into its stock market. https://www.businesstimes.com.sg/lifestyle/arts-design/sifa-2026-festival-finds-its-balance The Business Times en 2026-05-21T14:05:00+08:00 Sifa 2026: A festival finds its balance https://cassette.sphdigital.com.sg/image/businesstimes/50e330afa9b0b19ae87c6f05d0da6c5ca4d2e1c081088db1f901a718a0de2609 The return of the Festival Village at the Singapore International Festival of Arts drew large crowds with its varied attractions. The return of the Festival Village at the Singapore International Festival of Arts drew large crowds with its varied attractions, such as Noli Timere. https://www.businesstimes.com.sg/singapore/singapore-ramps-ai-push-smes-new-initiatives-partnerships The Business Times en 2026-05-21T13:48:12+08:00 Singapore ramps up AI push for SMEs with new initiatives, partnerships https://cassette.sphdigital.com.sg/image/businesstimes/01c8243679623f1a579ac637f77db13f6a089f39f16e70b040b7ac6d9996a2aa Senior Minister of State for Digital Development and Information Tan Kiat How announced new initiatives to help enterprises adopt AI with confidence, strengthen cyber resilience, and future-proof Singapore’s digital infrastructure, at Asia Tech x Singapore (ATx) on Thursday (May 21) Senior Minister of State for Digital Development and Information Tan Kiat How says enterprises need to go beyond the AI buzz and focus on practical deployment. https://www.businesstimes.com.sg/international/asean/vietnamese-ev-maker-vinfasts-move-shift-us7-billion-debt-raises-red-flags The Business Times en 2026-05-21T13:37:28+08:00 Vietnamese EV maker VinFast’s move to shift US$7 billion in debt raises ‘red flags’ https://cassette.sphdigital.com.sg/image/businesstimes/48f8c80ed2bfa9de709e10d9a651c7b0ca1749a0342e6fd1d7249ef6b4e5c480 Testing of the Robo-Car system is underway in controlled zones in Hanoi, with plans to expand trials to larger cities and overseas markets, the companies say. VinFast will retain its assembly plants in Indonesia and India, along with patents for its newest generation of EVs. https://www.businesstimes.com.sg/international/asean/iran-war-spurs-extreme-bear-scenarios-asia-currencies-bonds The Business Times en 2026-05-21T13:03:22+08:00 Iran war spurs extreme bear scenarios for Asia currencies, bonds https://cassette.sphdigital.com.sg/image/businesstimes/1509243a33d6f4c5752da8c4ba4702fca58dce3bfc72a8c10893eb370706512d The rupiah, rupee and the peso have been among the worst-performing emerging-market currencies, falling between 4.5% and 6.5% since the war began. The rupiah, rupee and the peso have been among the worst-performing emerging-market currencies, falling between 4.5% and 6.5% since the war began. https://www.businesstimes.com.sg/opinion-features/asean-could-be-hard-hit-intensifying-iran-crisis-g7-broods The Business Times en 2026-05-21T12:44:13+08:00 Asean could be hard hit by intensifying Iran crisis as G7 broods https://cassette.sphdigital.com.sg/image/businesstimes/c8f927d6b2048668ca405d41ee8a0d1d8b60445d5f5655877768fa2c35a40926 Some traders forecast that key Asian countries, including those in Asean, might face physical shortages of gasoil around a month before Europe does. Some traders forecast that key Asian countries, including those in Asean, might face physical shortages of gasoil around a month before Europe does. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-tells-sceptical-investors-ai-ready-go-mainstream The Business Times en 2026-05-21T12:33:57+08:00 Nvidia tells sceptical investors that AI is ready to go mainstream https://cassette.sphdigital.com.sg/image/businesstimes/962896d9f18f799e2eba17942b8bfa03a2bdbe5db42fb97dd1c12cb92a26d89e Wall Street predicts that revenue for Jensen Huang's Nvidia will account for more than a third of the entire semiconductor sector’s sales in 2026. Wall Street predicts that revenue for Jensen Huang's Nvidia will account for more than a third of the entire semiconductor sector’s sales in 2026. https://www.businesstimes.com.sg/international/global/singamas-shares-plunge-after-us-doj-allegations-against-ceo-teo-siong-seng The Business Times en 2026-05-21T12:19:59+08:00 Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng https://cassette.sphdigital.com.sg/image/businesstimes/60a4840d768b55f6e235bf50f4d059cf7ec9f6f6ccea18661d73b5c3ba9fef8c Singapore shipping veteran Teo Siong Seng is one of seven executives the US has accused of colluding to fix the prices of dry containers. Singapore shipping veteran Teo Siong Seng is one of seven executives the US has accused of colluding to fix the prices of dry containers. https://www.businesstimes.com.sg/international/china-lowers-spending-most-six-months-blow-economy The Business Times en 2026-05-21T12:17:49+08:00 China lowers spending most in six months in blow to economy https://cassette.sphdigital.com.sg/image/businesstimes/8512e5a792fe8fa80d3b60c56308c02c8cea0729a2affdde8bc2fe7ca00c7adf Solid economic growth in the first quarter may have reduced the impetus for authorities to step up spending. Solid economic growth in the first quarter may have reduced the impetus for authorities to step up spending. https://www.businesstimes.com.sg/companies-markets/airbnb-pushes-beyond-stays-luggage-storage-car-rentals-hotels The Business Times en 2026-05-21T11:39:46+08:00 Airbnb pushes beyond stays with luggage storage, car rentals, hotels https://cassette.sphdigital.com.sg/image/businesstimes/d06ba5b630bcb907156b564334648d495f43db6c34edb9cd79c015f90decacde CEO Brian Chesky says Airbnb wants to “become an ecosystem of services” to address the top pain points in travel. CEO Brian Chesky says Airbnb wants to “become an ecosystem of services” to address the top pain points in travel. https://www.businesstimes.com.sg/companies-markets/banking-finance/citadel-securities-hires-more-60-across-asia-including-singapore The Business Times en 2026-05-21T11:04:39+08:00 Citadel Securities hires more than 60 across Asia, including Singapore https://cassette.sphdigital.com.sg/image/businesstimes/1f69af202ad03e3b3af0eea613f9d4857272273966091fa7a97f4ee4e1b2901d Citadel Securities has been expanding in Asia with plans to bolster its “high-touch” business by allowing clients in the region to trade US equity blocks. Citadel Securities has been expanding in Asia with plans to bolster its “high-touch” business by allowing clients in the region to trade US equity blocks. https://www.businesstimes.com.sg/international/asean/prabowos-biggest-crackdown-tycoons-shocked-his-own-officials The Business Times en 2026-05-21T11:00:51+08:00 Prabowo’s biggest crackdown on tycoons shocked his own officials https://cassette.sphdigital.com.sg/image/businesstimes/e4fa3320221dc9af0ed0be21ac4945fe01031f491f8665924e1ae51517e0f8d1 “The era of impunity is ending,” Indonesia's President Prabowo Subianto said. “The era of impunity is ending,” Indonesia's President Prabowo Subianto said. https://www.businesstimes.com.sg/property/apex-court-rejects-resulting-trust-claim-99-1-condo-dispute The Business Times en 2026-05-21T10:32:21+08:00 Apex court rejects resulting trust claim in 99-1 condo dispute https://cassette.sphdigital.com.sg/image/businesstimes/632639ca37bcfbdd38c7d1ed60ca2a2a7c57372af18b7a35d25d6fb37fdfb1c1 The Court of Appeal found that the evidence showed the parties intended the 99-1 ratio to reflect both their legal and beneficial ownership of the property. Evidence showed the parties intended the 99-1 ratio to reflect both their legal and beneficial ownership of the property. https://www.businesstimes.com.sg/companies-markets/banking-finance/us-fed-minutes-show-more-policymakers-open-rate-hike The Business Times en 2026-05-21T10:14:12+08:00 US Fed minutes show more policymakers open to a rate hike https://cassette.sphdigital.com.sg/image/businesstimes/754b28f14f17bbede63f29d63af56881aa96cfd09ffd8509420cbe151685f224 The Federal Open Market Committee left its short-term policy rate unchanged in a range of 3.5% to 3.75% last month, but four policymakers dissented, the most since 1992. US and global bond markets increasingly reflect a conviction that top central banks will be lifting interest rates before long to lean against war-induced inflation. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-funds-pile-back-chinese-stocks-april The Business Times en 2026-05-21T10:06:56+08:00 Global funds pile back into Chinese stocks in April https://cassette.sphdigital.com.sg/image/businesstimes/6df02fe2c7c763c14ffa0dc00bbf7914a7e7824b8988c86e1f209e838f7f7be2 Estimated net inflows into mainland equities hit roughly 200 billion yuan (S$37.6 billion) last month, the most since January. Estimated net inflows into mainland equities hit roughly 200 billion yuan (S$37.6 billion) last month, the most since January. https://www.businesstimes.com.sg/international/global/putin-leaves-beijing-after-xi-meeting-little-progress-key-china-russia-gas-pipeline-project The Business Times en 2026-05-21T10:04:40+08:00 Putin leaves Beijing after Xi meeting with little progress on key China-Russia gas pipeline project https://cassette.sphdigital.com.sg/image/businesstimes/2c5e1239d49e11542718803e02da653f50f29a14a6fa53fd721e6d78f797e79b Russian President Putin (left) and Chinese President Xi following their meeting at Beijing's Great Hall of the People on May 20. Russian President Putin (left) and Chinese President Xi following their meeting at Beijing's Great Hall of the People on May 20. https://www.businesstimes.com.sg/companies-markets/energy-commodities/deep-under-chinas-coal-basins-petrochina-unlocking-gas-rocks The Business Times en 2026-05-21T10:01:55+08:00 Deep under China’s coal basins, PetroChina is unlocking gas from rocks https://cassette.sphdigital.com.sg/image/businesstimes/d9e0ec30a18eb88d50ac032f5b18f4946b5ecde82aba1b374074217886297d87 A key obstacle to expanding coal rock gas output is the high production cost, reflecting the technical challenges of drilling deep underground. A key obstacle to expanding coal rock gas output is the high production cost, reflecting the technical challenges of drilling deep underground. https://www.businesstimes.com.sg/property/hong-kongs-sogo-department-store-racing-refinance-loan-sources The Business Times en 2026-05-21T09:42:47+08:00 Hong Kong’s Sogo Department store racing to refinance loan: sources https://cassette.sphdigital.com.sg/image/businesstimes/28cb658d1e16eb2dbc96be82ec0ca44ebf384dbad704d9119fd3ab7d82723724 Sogo malls, especially the flagship Causeway Bay one, have long been among Hong Kong’s prime retail destinations. The shortfall represents about a third of the refinancing for the loan, which is secured against the iconic Sogo department store in shopping district Causeway Bay. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steadies-hopes-us-iran-truce-ease-rate-hike-bets The Business Times en 2026-05-21T09:22:29+08:00 Gold steadies as hopes of US-Iran truce ease rate-hike bets https://cassette.sphdigital.com.sg/image/businesstimes/cd427c249dc2a8de5cae74558882992f738b76f493a59e85dc03e50eadec963f Gold has traded in a narrow range since falling sharply in the early days of the Middle East conflict. Gold has traded in a narrow range since falling sharply in the early days of the Middle East conflict. https://www.businesstimes.com.sg/companies-markets/elon-musks-tight-grip-heavy-losses-what-spacexs-potentially-largest-ever-ipo-filing-reveals The Business Times en 2026-05-21T08:43:04+08:00 Elon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals https://cassette.sphdigital.com.sg/image/businesstimes/bcf004f9ea07e6922bff7942ae3840345bcd7c5ed0ba26f4de5e3816d55b8fc1 The audacious plan by Elon Musk (left) for an IPO of unprecedented size is set to transform both the public and private markets if it succeeds. The audacious plan by Elon Musk (left) for an IPO of unprecedented size is set to transform both the public and private markets if it succeeds. https://www.businesstimes.com.sg/companies-markets/stocks-watch-singtel-cdl The Business Times en 2026-05-21T08:29:29+08:00 Stocks to watch: Singtel, CDL https://cassette.sphdigital.com.sg/image/businesstimes/354fe92b8ec4307ce649aee8fa518bb3d6eba19249cf28460307b7e02afc296c On Thursday, it posted a net profit of S$2.2 billion for its second half ended Mar 31, 20.9 per cent down from S$2.8 billion in the year-ago period. Singtel posts a net profit of S$2.2 billion for its second half ended Mar 31, down 20.9% year on year. https://www.businesstimes.com.sg/property/airbnbs-ceo-says-us-misunderstanding-use-chinese-open-source-ai-models The Business Times en 2026-05-21T08:24:49+08:00 Airbnb’s CEO says US ‘misunderstanding’ use of Chinese open-source AI models https://cassette.sphdigital.com.sg/image/businesstimes/27f7cbd4cc2bd8cfb40eddd59597908a0a0b90e2b1f929d7e69283247d8515c7 “An open-source model does not have access to data. It doesn’t work that way,” said Brian Chesky, chief executive officer of Airbnb. “An open-source model does not have access to data. It doesn’t work that way,” said Brian Chesky, chief executive officer of Airbnb. https://www.businesstimes.com.sg/companies-markets/singtel-h2-net-profit-down-20-9-s2-2-billion-telco-open-aussie-minority-partner-optus The Business Times en 2026-05-21T08:19:13+08:00 Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus https://cassette.sphdigital.com.sg/image/businesstimes/0b0093e0104f244f5fae8a721ba1649622c704be278b7e784cdb91a0385a1582 For the second half, revenue stood at S$7.4 billion, up 2.7 per cent on the year from S$7.2 billion. Singtel's full-year EPS stood at S$0.3398, up from S$0.2434 in the previous financial year. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-shares-soar-strike-averted-bonuses-us416000-some-stoke-concern The Business Times en 2026-05-21T08:02:51+08:00 Samsung shares soar as strike averted, but bonuses of US$416,000 for some stoke concern https://cassette.sphdigital.com.sg/image/businesstimes/7dff141eebd4ee54885cd8974110a555ff4ac738f256a2f722849bb37900c7de Yeo Myeong-gu (left), head of Samsung Electronics’ device solutions division's people team, and Choi Seung-ho, head of Samsung’s largest labour union, sign an agreement on a wage deal in Seoul on May 20. Yeo Myeong-gu (left), head of Samsung Electronics’ device solutions division's people team, and Choi Seung-ho, head of Samsung’s largest labour union, sign an agreement on a wage deal in Seoul on May 20. https://www.businesstimes.com.sg/startups-tech/startups/openai-preparing-file-ipo-coming-weeks The Business Times en 2026-05-21T07:51:18+08:00 OpenAI is preparing to file for an IPO in the coming weeks https://cassette.sphdigital.com.sg/image/businesstimes/ebf3dbf188c0ca32dd723a99d3c94ea5c6a5baea22e0ed64c42a66d8af3efbaf Since the release of ChatGPT, OpenAI has evolved into one of the world’s most valuable and powerful AI companies. Since the release of ChatGPT, OpenAI has evolved into one of the world’s most valuable and powerful AI companies. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidias-profit-hits-us58-3-billion-ai-boom-gathers-more-steam The Business Times en 2026-05-21T07:39:45+08:00 Nvidia’s profit hits US$58.3 billion as AI boom gathers more steam https://cassette.sphdigital.com.sg/image/businesstimes/6bbc503a0cb7d9bb198fa450037a4bc267d3a3a73231fb09ebfb717b86c3c2e7 Nvidia’s chips are an essential part of big AI projects, and other tech companies have been lining up to spend tens of billions of US dollars on those chips. Nvidia’s chips are an essential part of big AI projects, and other tech companies have been lining up to spend tens of billions of US dollars on those chips. https://www.businesstimes.com.sg/international/global/singapore-shipping-veteran-sbf-chair-teo-siong-seng-and-others-accused-us-price-fixing The Business Times en 2026-05-21T07:20:28+08:00 Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing https://cassette.sphdigital.com.sg/image/businesstimes/6a88c03061003c6036e05d4dd4945a735e5d0c5b979af6d8a898a4c056258f32 Teo Siong Seng, chief executive of Singamas, was named as one of the individuals alleged to be involved in price fixing. Teo Siong Seng, chief executive of Singamas, was named as one of the individuals alleged to be involved in price fixing. https://www.businesstimes.com.sg/opinion-features/fast-tracking-asean-power-grid-amid-global-energy-turmoil The Business Times en 2026-05-21T07:15:00+08:00 Fast-tracking the Asean Power Grid amid global energy turmoil https://cassette.sphdigital.com.sg/image/businesstimes/fe029543d08bdd601117e533b5680c889089e3facf71a44fc06d9ef55bc49828 In 2025, Asean member states signed an enhanced Asean Power Grid memorandum of understanding, building on the original 2007 agreement. In 2025, Asean member states signed an enhanced Asean Power Grid memorandum of understanding, building on the original 2007 agreement. https://www.businesstimes.com.sg/international/asean/hormuz-crisis-makes-aseans-push-sustainable-aviation-fuel-more-urgent The Business Times en 2026-05-21T07:00:00+08:00 Hormuz crisis makes Asean’s push for sustainable aviation fuel more urgent https://cassette.sphdigital.com.sg/image/businesstimes/519f231f9f7ba11c892d5fcd515d532bc49211f0a4fa368506c94d9a590ff3d1 Asean could potentially produce up to 8.5 million barrels a day of the fuel by 2050, based on publicly available biomass and waste‑residue assessments. Asean could potentially produce up to 8.5 million barrels a day of sustainable aviation fuel by 2050, based on publicly available biomass and waste‑residue assessments. https://www.businesstimes.com.sg/opinion-features/india-iran-war-costs-sitting-still The Business Times en 2026-05-21T07:00:00+08:00 India on Iran war: the costs of sitting still https://cassette.sphdigital.com.sg/image/businesstimes/cbc5e9a5471feb16abd443b0a95b16f8ea1d9fdc09e4b6c943c81f3d5f9e2003 Indian Prime Minister Narendra Modi in Oslo on Tuesday. India has neither condemned the US-Israeli strikes nor played a meaningful mediator role. Its neutrality has been hard to miss. In response to India's strained petroleum reserves, Prime Minister Narendra Modi has asked Indians to drive less, work from home when possible, and ease off on gold purchases. https://www.businesstimes.com.sg/opinion-features/singapore-businesses-must-be-proactive-combat-rise-ai-enabled-fraud The Business Times en 2026-05-21T07:00:00+08:00 Singapore businesses must be proactive to combat rise of AI-enabled fraud https://cassette.sphdigital.com.sg/image/businesstimes/518c89f86fd614623329df565e1ba41a523d27749df9a098cb2db5b7a010fa17 The sophistication of social engineering scams using deepfake AI impersonation is evolving. The sophistication of social engineering scams using deepfake AI impersonation is evolving. https://www.businesstimes.com.sg/singapore/why-singapore-overtook-indonesia-become-s-e-asias-largest-stock-market-and-what-happens-next The Business Times en 2026-05-21T07:00:00+08:00 Why Singapore overtook Indonesia to become S-E Asia’s largest stock market – and what happens next  https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 The total market capitalisation of companies listed on the Singapore Exchange (SGX) has climbed to about US$644 billion, surpassing Indonesia’s stock market, which has fallen to about US$618 billion following a prolonged decline in Jakarta-listed shares, according to Bloomberg data as at May 19. Analysts say that the Singapore bourse is likely to retain its lead barring major shocks, given its improving market depth, regulatory stability and safe-haven status. https://www.businesstimes.com.sg/events-awards/sustainability-impact-awards/asean-must-balance-energy-security-sustainability-power-its-future-say-panellists-bt-uob The Business Times en 2026-05-21T07:00:00+08:00 Asean must balance energy security with sustainability to power its future, say panellists at BT-UOB Sustainability Impact Dialogue https://cassette.sphdigital.com.sg/image/businesstimes/cb766713906ca473858dca81f19ffbba0f9ab7866f7dcd0997875d76a2266cef From left: Melissa Moi, head of sustainable business, UOB; Puah Kok Keong, chief executive, Energy Market Authority (EMA); Joshua Ngu, vice chairman for Asia Pacific, Wood Mackenzie. From left: Moderator Melissa Moi, head of sustainable business at UOB, and panellists Puah Kok Keong, chief executive of the Energy Market Authority, and Joshua Ngu, vice-chairman for Asia-Pacific at Wood Mackenzie. https://www.businesstimes.com.sg/opinion-features/does-singapore-have-shot-setting-another-raffles-hotel The Business Times en 2026-05-21T07:00:00+08:00 Does Singapore have a shot at setting up another Raffles Hotel? https://cassette.sphdigital.com.sg/image/businesstimes/71160902ff1f03b7338442c2267c2b1a680ebcdf79c04dca95041e39764d8f1c Raffles Hotel's success illustrates that its heritage-rich past does have an advantage. Raffles Hotel's success illustrates that its heritage-rich past does have an advantage in this day and age, with modern luxury hotels being a dime a dozen. https://www.businesstimes.com.sg/international/global/iran-reviewing-trumps-latest-proposal-ending-war-clock-ticks-ceasefire-us The Business Times en 2026-05-21T06:43:11+08:00 Iran reviewing Trump’s latest proposal on ending war, as clock ticks on ceasefire with US https://cassette.sphdigital.com.sg/image/businesstimes/3e8de5f9469aa8cf1a173109ab455181fd1de06d23a154b62a01e9ab6502d823 Iran has largely shut the Strait of Hormuz to all ships apart from its own since the US-Israeli attacks began on Feb 28, causing the biggest disruption to global energy supplies in history. Iran has largely shut the Strait of Hormuz to all ships apart from its own since the US-Israeli attacks began on Feb 28. https://www.businesstimes.com.sg/opinion-features/bond-yields-may-be-finally-baking-ai-world The Business Times en 2026-05-21T06:30:00+08:00 Bond yields may be finally baking in an AI world https://cassette.sphdigital.com.sg/image/businesstimes/e4b8b0584447b482001fa8e0b11c1c58cbb8c7b94528ef271f0c7ba8cef64e49 Humanoid robotics may lift economy-wide productivity more than other AI forecasts suggest – but it will also affect more jobs. Humanoid robotics may lift economy-wide productivity more than other AI forecasts suggest – but it will also affect more jobs. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rebounds-us-iran-peace-deal-uncertainty-and-inventory-drawdowns The Business Times en 2026-05-21T06:14:54+08:00 Oil rebounds on US-Iran peace deal uncertainty and inventory drawdowns https://cassette.sphdigital.com.sg/image/businesstimes/44df98f249e6b299a881961479ac6e3e264c2f81f2070c3a9b81b67be6af4a4d Iran on May 20 announced a new “Persian Gulf Strait Authority,” saying there would be a “controlled maritime zone” in the Strait of Hormuz. Iran on May 20 announced a new “Persian Gulf Strait Authority,” saying there would be a “controlled maritime zone” in the Strait of Hormuz. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-climbs-1-chip-stocks-rallying-nvidia-results The Business Times en 2026-05-21T06:02:28+08:00 Wall Street climbs 1% with chip stocks rallying before Nvidia results https://cassette.sphdigital.com.sg/image/businesstimes/fdb793860bd6c2390711b88f1df849ad49ddf3e475cf789a6e9da8f443334e79 The report from Nvidia is viewed as a window into whether the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector. The report from Nvidia is viewed as a window into whether the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector. https://www.businesstimes.com.sg/lifestyle/worlds-rarest-pasta-hidden-mountains-sardinia The Business Times en 2026-05-21T06:00:00+08:00 The world’s rarest pasta is hidden in the mountains of Sardinia https://cassette.sphdigital.com.sg/image/businesstimes/3e0b863bab792e1b9bc6cb47d11e4cc470a18b6b86fb24d5e34447efa511ade5 Hundreds of pilgrims set out from Nuoro, traversing over 32 km of mountainous terrain to the church of San Francesco di Lula in the village of Lula. Hundreds of pilgrims set out from Nuoro, traversing over 32 km of mountainous terrain to the church of San Francesco di Lula in the village of Lula. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-end-near-two-week-highs-defence-tech-boost The Business Times en 2026-05-21T05:40:27+08:00 European shares end near two-week highs on defence, tech boost https://cassette.sphdigital.com.sg/image/businesstimes/1f678221153e4deaa8b6d9ce7ec4e3512ca22178801674fdae395352afbc3bec The pan-European Stoxx 600 ended 1.6% higher at 620.29 points, with major indexes in the region, including Germany and France, up over 1.4% each. The pan-European Stoxx 600 ended 1.6% higher at 620.29 points, with major indexes in the region, including Germany and France, up over 1.4% each. https://www.businesstimes.com.sg/podcasts/how-fly-f1-drivers-pop-stars-and-billionaires The Business Times en 2026-05-21T05:00:00+08:00 How to fly like F1 drivers, pop stars and billionaires https://cassette.sphdigital.com.sg/image/businesstimes/81d416058d00d3e99ff7de44267718b4ab77d7a6164aa4a2b61e1fc53da741ed How does Singapore stand as a business aviation market and key air hub? How does Singapore stand as a business aviation market and key air hub? https://www.businesstimes.com.sg/international/barclays-ceo-says-uk-should-seek-ways-lower-cost-brexit The Business Times en 2026-05-21T00:11:20+08:00 Barclays CEO says UK should seek ways to lower cost of Brexit https://cassette.sphdigital.com.sg/image/businesstimes/09b9962304ae76dd527bd9ba1bcc91d050ba8f5b69e59bc62da4bf7372731656 Barclays CEO CS Venkatakrishnan.  said Brexit had a definite economic cost to the UK economy over the past decade. Barclays CEO CS Venkatakrishnan.  said Brexit had a definite economic cost to the UK economy over the past decade. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-ceos-ai-obsession-collides-warning-watchdogs The Business Times en 2026-05-20T23:43:19+08:00 Bank CEOs’ AI obsession collides with warning from watchdogs https://cassette.sphdigital.com.sg/image/businesstimes/94f1cb9ee99d1a88550046516f2ea3a5206964d250d1168ffeff100ef13edb94 HSBC Holdings, the UK’s largest lender, is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices. HSBC is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices. https://www.businesstimes.com.sg/international/samsung-union-shelves-strike-plan-tentative-deal-yonhap-says The Business Times en 2026-05-20T22:55:13+08:00 Samsung union shelves strike plan on tentative deal, Yonhap says https://cassette.sphdigital.com.sg/image/businesstimes/73cdc23911fe6b7f8d176c07e4f825008820fe1ddd63134d06a539a1065adf92 A strike would have disrupted not just production but also complicated Samsung’s efforts to accelerate development of next-generation semiconductors. A strike would have disrupted not just production but also complicated Samsung’s efforts to accelerate development of next-generation semiconductors. https://www.businesstimes.com.sg/international/switzerland-wants-workers-retire-later-wont-force-them The Business Times en 2026-05-20T22:25:11+08:00 Switzerland wants workers to retire later but won’t force them https://cassette.sphdigital.com.sg/image/businesstimes/191cdb2dbd247bf8ea442d51173cfa8b38337582b7fb6cc915f4559187c3398f Due to Switzerland’s high wages, workers in the country have a special incentive to retire early, adding extra strain. Due to Switzerland’s high wages, workers in the country have a special incentive to retire early, adding extra strain. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/intuit-cut-17-global-jobs-streamline-operations-memo The Business Times en 2026-05-20T22:16:46+08:00 Intuit to cut 17% of global jobs to streamline operations: memo https://cassette.sphdigital.com.sg/image/businesstimes/6a8ef610d2a3bb6bed95fea9ddcdb65acd6040c71a937242021b02f96932e8f0 Over 140 tech companies have laid off more than 111,000 employees this year, according to Layoffs.fyi. Over 140 tech companies have laid off more than 111,000 employees this year, according to Layoffs.fyi.