https://www.businesstimes.com.sg/international/britains-inflation-fears-can-be-found-its-pubs-and-cafes The Business Times en 2026-06-12T15:37:50+08:00 Britain’s inflation fears can be found in its pubs and cafes https://cassette.sphdigital.com.sg/image/businesstimes/018fdd95c4ea1d717baf45d07c407aa9e02a58baf93b8c214e71f245c7c9da6a British households are increasingly prioritising going out and wellness over furniture or jewellery, and are willing to pay. British households are increasingly prioritising going out and wellness over furniture or jewellery, and are willing to pay. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/global-banks-curb-hedge-fund-bets-sk-hynix-samsung-after-wild-moves The Business Times en 2026-06-12T15:30:36+08:00 Global banks curb hedge fund bets on SK Hynix, Samsung after wild moves https://cassette.sphdigital.com.sg/image/businesstimes/ab16dda6ffb6e37d807211e064081ffcac19ef716eee9b2f27a4d3c513b9ff49 The stock price of SK Hynix has more than tripled ib 2026. The stock price of SK Hynix has more than tripled ib 2026. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/tsmc-boss-frets-about-shortages-talent-water-taiwan The Business Times en 2026-06-12T15:24:20+08:00 TSMC boss frets about shortages of talent, water in Taiwan https://cassette.sphdigital.com.sg/image/businesstimes/e7442b627e7e5c6c72cdde42e651965c5ff95f4bf28583479e72e08669412150 TSMC has repeatedly said most of its production, along with research and development, will remain in Taiwan. TSMC has repeatedly said most of its production, along with research and development, will remain in Taiwan. https://www.businesstimes.com.sg/international/asean/jakarta-deploys-thousands-police-students-protest-prabowo The Business Times en 2026-06-12T15:14:09+08:00 Jakarta deploys thousands of police as students protest Prabowo https://cassette.sphdigital.com.sg/image/businesstimes/c985f8a327ae5b1fceb262e5acd67e00fff0f528522b24c932f17fb0f6c84b6f Violent livelihood demonstrations last year led President Prabowo Subianto (pictured) to fire his finance minister. Violent livelihood demonstrations last year led President Prabowo Subianto (pictured) to fire his finance minister. https://www.businesstimes.com.sg/property/emaar-develop-us55-billion-real-estate-project-dubai-founder The Business Times en 2026-06-12T15:06:47+08:00 Emaar to develop US$55 billion real estate project in Dubai: founder https://cassette.sphdigital.com.sg/image/businesstimes/d687efcb60beaf3f579dd20b3f12e132c9262d5dd1425f576565fdd00cc7f86c The development promises views of the Burj Khalifa, the world’s tallest skyscraper. The development promises views of the Burj Khalifa, the world’s tallest skyscraper. https://www.businesstimes.com.sg/wealth/wealth-investing/are-markets-tipping-point The Business Times en 2026-06-12T15:00:00+08:00 Are markets at a tipping point? https://cassette.sphdigital.com.sg/image/businesstimes/450b6c8df139453bbedcd974c08721f66fb08a600aa414be141ab537652bf09e Do mega IPOs signal a market peak? The data suggests not. Historically, well-telegraphed IPO cycles in bull markets have often deepened liquidity and broadened participation once absorbed – provided they coincide with still-rising earnings. Historically, well-telegraphed IPO cycles in bull markets have deepened liquidity and broadened participation once absorbed. https://www.businesstimes.com.sg/singapore/pm-wong-deliver-national-day-rally-speech-aug-23 The Business Times en 2026-06-12T14:59:03+08:00 PM Wong to deliver National Day Rally speech on Aug 23 https://cassette.sphdigital.com.sg/image/businesstimes/e83a480828dad9921a8c38ce4f5895c1bd6d8f4b5b5046792b970aee6c349c14 PM Lawrence Wong speaking during the National Day Rally held at ITE College Central on Aug 17, 2025. The Aug 23 event will be PM Wong’s third National Day Rally. PM Lawrence Wong speaking during the National Day Rally held at ITE College Central on Aug 17, 2025. The Aug 23 event will be PM Wong’s third National Day Rally. https://www.businesstimes.com.sg/international/uk-economy-shrank-april-iran-war-started-take-its-toll The Business Times en 2026-06-12T14:44:44+08:00 UK economy shrank in April as Iran war started to take its toll https://cassette.sphdigital.com.sg/image/businesstimes/fd04cee37f90409c3e3f5f60e9097001ae567e41d99d44b66e8d7ec729f49f8b Britain's GDP declined 0.1 per cent following gains in the previous two months, the Office for National Statistics said on Friday. Britain's GDP declined 0.1 per cent following gains in the previous two months, the Office for National Statistics said on Friday. https://www.businesstimes.com.sg/companies-markets/banking-finance/singapore-banks-rout-new-china-scrutiny-wealth-flows-overblown-maybank The Business Times en 2026-06-12T14:38:54+08:00 Singapore banks’ rout on new China scrutiny of wealth flows ‘overblown’: Maybank https://cassette.sphdigital.com.sg/image/businesstimes/bfe66a5e7251170153bb55b4a2e42a65986ad389fbaec52ca5c548d5d0c05066 The market anxiety stemmed from fears that China's tighter framework could restrict North Asian wealth management pipelines. The market anxiety stems from fears that China's tighter framework could restrict North Asian wealth management pipelines. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-begins-vera-cpu-sales-pitch-chinese-clients-sources The Business Times en 2026-06-12T14:33:27+08:00 Nvidia begins Vera CPU sales pitch to Chinese clients: sources https://cassette.sphdigital.com.sg/image/businesstimes/6676520cb830c278796fc38c58c0b9fb5ea13f73e4e72aa52bc1333b3e5a3328 Nvidia CEO Jensen Huang introduces the Vera Rubin architecture during a keynote speech on the sidelines of the Computex trade show in Taipei on Jun 1. Nvidia CEO Jensen Huang introduces the Vera Rubin architecture during a keynote speech on the sidelines of the Computex trade show in Taipei on Jun 1. https://www.businesstimes.com.sg/international/asean/vietnam-police-bust-group-planning-large-scale-online-scam-centre The Business Times en 2026-06-12T14:18:02+08:00 Vietnam police bust group planning large-scale online scam centre https://cassette.sphdigital.com.sg/image/businesstimes/a00aab3e42339da84d7a15712e3b8902818b7a87d613a716076df2c261e1a613 Authorities in Sri Lanka have set up a new cybercrimes unit and say they have arrested more than 1,000 people this year alone. Investigators say that many of them had previously worked at scam centres in Cambodia. https://www.businesstimes.com.sg/opinion-features/more-cancer-survivors-are-returning-work-are-employers-ready-support-them The Business Times en 2026-06-12T14:00:00+08:00 More cancer survivors are returning to work. Are employers ready to support them? https://cassette.sphdigital.com.sg/image/businesstimes/8f9b38294efee7a1362b5e6dd6d129d1ee0efdbe18af2352be4648e4e90c093d More cancer survivors are returning to work, but many continue to cope with fatigue, “brain fog” and other lasting effects of treatment that remain largely unseen in the workplace. More cancer survivors are returning to work, but many continue to cope with fatigue, “brain fog” and other lasting effects of treatment that remain largely unseen in the workplace. https://www.businesstimes.com.sg/companies-markets/banking-finance/china-asks-big-banks-curb-interbank-lending-ease-cash-glut The Business Times en 2026-06-12T13:48:38+08:00 China asks big banks to curb interbank lending to ease cash glut https://cassette.sphdigital.com.sg/image/businesstimes/8c4499540dfff78f0c362360eba5482860860883357823d1835277e3d6fe5e20 The People’s Bank of China’s action signals officials are becoming unwilling to tolerate money market rates they deem too low. The People’s Bank of China’s action signals officials are becoming unwilling to tolerate money market rates they deem too low. https://www.businesstimes.com.sg/property/hk563-million-sale-mansion-singapore-citizen-among-hong-kongs-largest-property-deals-2026 The Business Times en 2026-06-12T13:18:24+08:00 HK$563 million sale of mansion to Singapore citizen among Hong Kong’s largest property deals in 2026 https://cassette.sphdigital.com.sg/image/businesstimes/9a1dbbb475de05b5278f9d45c66f3b885c6b52c0deb244eea87d90cfc1bff63d The mansion is located in Shek O, a tranquil enclave on the eastern edge of Hong Kong Island. The mansion is located in Shek O, a tranquil enclave on the eastern edge of Hong Kong Island. https://www.businesstimes.com.sg/international/china-investors-being-shut-out-some-american-ai-firms-including-spacex-go-public-sources The Business Times en 2026-06-12T12:57:04+08:00 China investors being shut out as some American AI firms, including SpaceX, go public: sources https://cassette.sphdigital.com.sg/image/businesstimes/34fa60cb0d94ebe22fcb133291081428c593ec640dd98fbf413ffb0d2d70f06c News that SpaceX would bar Chinese investors from its IPO was reported earlier by Bloomberg. News that SpaceX would bar Chinese investors from its IPO was reported earlier by Bloomberg. https://www.businesstimes.com.sg/property/luxury-retail-goes-big-can-singapores-orchard-road-keep The Business Times en 2026-06-12T12:38:53+08:00 As luxury retail goes big, can Singapore’s Orchard Road keep up?  https://cassette.sphdigital.com.sg/image/businesstimes/ab5ee44f4416bd3550639018f38198d62d606c539f0b3b207b39a4f6bc7da4f5 Singapore continues to be an important market for big luxury houses. Singapore continues to be an important market for big luxury houses, such as Hermes and Chanel. https://www.businesstimes.com.sg/property/whats-wrong-orchard-road-experts-weigh-streets-cachet-and-its-future The Business Times en 2026-06-12T12:32:08+08:00 What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future https://cassette.sphdigital.com.sg/image/businesstimes/40f52279e891ccaeea46b13e0f1ca412fc6f02cb7cae6540a0342158a2f6430a Orchard Road Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ai-boom-drives-memory-chip-prices-insane-levels-us-adding-inflation-pressures The Business Times en 2026-06-12T12:25:14+08:00 AI boom drives memory chip prices to ‘insane’ levels in US, adding to inflation pressures https://cassette.sphdigital.com.sg/image/businesstimes/61bf07e3516904ff4db251c3075b5276f610a99eb10fa32098014c279ffe57e0 RAM chips that sold for US$100 six months ago are an “insane” US$300 now, so customers may be better off just buying a new computer. RAM chips that sold for US$100 six months ago are an “insane” US$300 now, so customers may be better off just buying a new computer. https://www.businesstimes.com.sg/international/asean/singapore-world-dell-technologies-taps-talent-here-scale The Business Times en 2026-06-12T12:00:00+08:00 From Singapore to the world, Dell Technologies taps talent here to scale up https://cassette.sphdigital.com.sg/image/businesstimes/4749462a33747a1e8e21c1679f1ef0ed75b85695621ec77f940cec76d17ad1f7 Dell brings more than just the traditional IT hardware for customers, said Andy Sim, vice president and managing director, Singapore, Dell Technologies Dell brings more than just the traditional IT hardware for customers, says Andy Sim, vice-president and managing director of Dell Technologies Singapore. https://www.businesstimes.com.sg/opinion-features/economic-boost-2026-fifa-world-cup-may-not-live-hype The Business Times en 2026-06-12T12:00:00+08:00 Economic boost from 2026 Fifa World Cup may not live up to the hype https://cassette.sphdigital.com.sg/image/businesstimes/7e9dd5c189b5b16cb194b8da588573455903cf784f094655fd57d6891bcbf281 Fifa projects that the World Cup could inject more than US$40 billion to global GDP, despite the significant challenges lying ahead. Fifa projects that the World Cup could inject more than US$40 billion to global GDP, despite the significant challenges lying ahead. https://www.businesstimes.com.sg/international/asean/bank-indonesias-new-mandate-faces-first-market-test-after-rate-hike The Business Times en 2026-06-12T11:58:42+08:00 Bank Indonesia’s new mandate faces first market test after rate hike https://cassette.sphdigital.com.sg/image/businesstimes/5d6634d54e3efd5ab462cae0d9de1fac05977f1b98da38804cb5c8d7c3929bd5 The Bank Indonesia headquarters in Jakarta. Photographer: Dimas Ardian/Bloomberg The latest rate increase suggests BI remains focused on defending the rupiah and preserving stability. https://www.businesstimes.com.sg/companies-markets/banking-finance/futu-founder-brother-leaf-humbled-china-broker-crackdown The Business Times en 2026-06-12T11:51:04+08:00 Futu founder ‘Brother Leaf’ humbled by China broker crackdown https://cassette.sphdigital.com.sg/image/businesstimes/e4ed3c798e4a35682fa1f5a5f298a1083cb353ed10bc7ff27fa8cd115b1ece99 Futu founder Leaf Li is accelerating a global push away from China, which could help him bounce back. Futu founder and billionaire Leaf Li is accelerating a global push away from China, which could help him bounce back. https://www.businesstimes.com.sg/international/china-confronts-g7-during-macrons-call-defending-free-trade The Business Times en 2026-06-12T11:26:10+08:00 China confronts G7 during Macron’s call by defending free trade https://cassette.sphdigital.com.sg/image/businesstimes/6f1eb0ee732d87f70adcbeb6cbc3aabe1004838124acbb447ff224bd854cfac1 Zhang Guoqing has previously travelled to France multiple times, including for the Nuclear Energy Summit in March. While Zhang Guoqing (above), China’s representative on the G7 call, does not usually handle trade matters, Macron has framed his participation as diplomatic progress. https://www.businesstimes.com.sg/international/south-korea-court-sentences-ex-president-yoon-30-year-jail-term-drone-case The Business Times en 2026-06-12T11:04:05+08:00 South Korea court sentences ex-president Yoon to 30-year jail term in drone case https://cassette.sphdigital.com.sg/image/businesstimes/d6aaa4493106bcf0ba9c12c29ae81210a0109f5cfdc2fcecf86b55fae68d3388 While Yoon Suk-yeol’s bid to impose martial law lasted only about six hours before it was met by large street protests and voted down by parliament, it sent shockwaves through South Korea. Yoon Suk-yeol’s martial law order plunged South Korea into its deepest political turmoil in decades. https://www.businesstimes.com.sg/international/asean/shock-pump-indonesias-pertamax-price-hike-fuels-cost-worries-middle-class The Business Times en 2026-06-12T10:52:28+08:00 Shock at the pump: Indonesia’s Pertamax price hike fuels cost worries for middle class https://cassette.sphdigital.com.sg/image/businesstimes/894358b8146a0cd9175a0271e3b33d0681a05fdf33558956139804e24091fa1d Long queues have already been observed at many pump stations across the country as motorists switch from Pertamax to Pertalite. Long queues have already been observed at many pump stations across the country as motorists switch from Pertamax to Pertalite. https://www.businesstimes.com.sg/international/china-learns-live-less-fuel-relief-oil-markets The Business Times en 2026-06-12T10:43:21+08:00 China learns to live on less fuel, to the relief of oil markets https://cassette.sphdigital.com.sg/image/businesstimes/f93a6896e2d4d6e806696c289c0d2420de4ede4de5d6ce156c3da328e18409ab Chinese travelers are changing the way they travel: rail journeys grew by about 10% year on year in March and April. Chinese travelers are changing the way they travel: rail journeys grew by about 10% year on year in March and April. https://www.businesstimes.com.sg/international/asean/philippine-defence-chief-teodoro-vows-press-against-chinas-wickedness-after-sanctions The Business Times en 2026-06-12T10:37:52+08:00 Philippine defence chief Teodoro vows to press on against China’s ‘wickedness’ after sanctions https://cassette.sphdigital.com.sg/image/businesstimes/1ed03c83ac58635f1023bf1b02af13307e3e67cdfc84107e6b2ece77220f0982 “That is truly what they do to those who speak the truth against their deception,” Philippine Defence Secretary Teodoro said in a statement on Jun 12. “That is truly what they do to those who speak the truth against their deception,” Philippine Defence Secretary Teodoro said in a statement on Jun 12. https://www.businesstimes.com.sg/singapore/singapore-announces-new-road-map-improve-standards-and-conformance-capabilities-partnerships The Business Times en 2026-06-12T10:30:00+08:00 Singapore announces new road map to improve standards and conformance capabilities, partnerships https://cassette.sphdigital.com.sg/image/businesstimes/23df76b863632337c559e2d00228423590281e8d806a482646d45f0f1f633f65 The new roadmap aims to “build and deepen trust, so that assurance earned in one market can be recognised, understood and accepted in another”, says DPM Gan. The new road map aims to “build and deepen trust, so that assurance earned in one market can be recognised, understood and accepted in another”, says DPM Gan. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-korea-governor-says-interest-rates-be-raised-time The Business Times en 2026-06-12T10:29:52+08:00 Bank of Korea governor says interest rates to be raised ‘on time’ https://cassette.sphdigital.com.sg/image/businesstimes/f276c2734b5144947e4041b44b02ffcf7a70c415398cf2c4daf20188b0e27ab5 Inflation is expected to exceed the target level for a considerable period of time, Bank of Korea (BOK) governor says. Inflation is expected to exceed the target level for a considerable period of time, Bank of Korea governor says. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/alibaba-bids-us1-5-billion-china-grocer-fight-meituan The Business Times en 2026-06-12T10:12:20+08:00 Alibaba bids US$1.5 billion for China grocer in fight with Meituan https://cassette.sphdigital.com.sg/image/businesstimes/53260268b7c3c4fc47a850e55db1d55ea8d1b2da63f668f7e75ab73f1131cd0d Alibaba’s aggressive offer underscores its determination to prevail in an intensifying battle between three giants of Chinese online commerce. Alibaba’s aggressive offer underscores its determination to prevail in an intensifying battle between three giants of Chinese online commerce. https://www.businesstimes.com.sg/companies-markets/singapore-kitchen-equipment-defends-move-keep-ceo-senior-manager-jobs-despite-criminal-charges The Business Times en 2026-06-12T10:10:49+08:00 Singapore Kitchen Equipment defends move to keep CEO, senior manager in jobs despite criminal charges https://cassette.sphdigital.com.sg/image/businesstimes/6054b485ba7482013d57206b4fc2d8ea7104b19649233c597554c70e0b0eb01a Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee. Singapore Kitchen Equipment was founded by husband-and-wife duo Chua Chwee Choo (left) and Alan Lee. https://www.businesstimes.com.sg/international/asean/upcoming-state-polls-johor-negeri-sembilan-likely-preview-malaysias-national-elections The Business Times en 2026-06-12T10:04:35+08:00 Upcoming state polls in Johor, Negeri Sembilan a likely preview of Malaysia’s national elections https://cassette.sphdigital.com.sg/image/businesstimes/ba916e861e89e3b31a5e99501841fd60626abd9f2f6f78cbebc3fb8e79ba7dd6 Malaysia's Prime Minister Anwar Ibrahim speaks at the Nikkei Forum 'Future of Asia' in Tokyo on Jun 10. In May, he publicly raised the prospect of calling snap polls.  Malaysia's Prime Minister Anwar Ibrahim speaks at the Nikkei Forum 'Future of Asia' in Tokyo on Jun 10. In May, he publicly raised the prospect of calling snap polls.  https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-set-hike-rates-31-year-high-drop-hawkish-signals The Business Times en 2026-06-12T09:49:07+08:00 Bank of Japan set to hike rates to 31-year high, drop hawkish signals https://cassette.sphdigital.com.sg/image/businesstimes/88d69c5b55dc5bab13483d5f6961ab29dd10496676101d54da41f8e9d5c5b93b The BOJ will likely stress its resolve to keep raising rates as the energy shock, rising import costs from a weak yen and a tight labour market fan inflation risks. The BOJ will likely stress its resolve to keep raising rates as the energy shock, rising import costs from a weak yen and a tight labour market fan inflation risks. https://www.businesstimes.com.sg/international/asean/thai-kings-eldest-daughter-dies-aged-47-after-long-illness-royal-palace The Business Times en 2026-06-12T09:34:48+08:00 Thai king’s eldest daughter dies, aged 47, after long illness: Royal Palace https://cassette.sphdigital.com.sg/image/businesstimes/3d4007e4f2ea6da8d3d5aec5006922b827548d155650f7d68db96c9791869466 Princess Bajrakitiyabha Narendira Debyavati died on Thursday evening after her condition worsened. Princess Bajrakitiyabha Narendira Debyavati died on Thursday evening after her condition worsened. https://www.businesstimes.com.sg/companies-markets/banking-finance/deutsche-bank-names-robert-huray-south-east-asia-investment-banking-head The Business Times en 2026-06-12T09:33:49+08:00 Deutsche Bank names Robert Huray South-east Asia investment banking head https://cassette.sphdigital.com.sg/image/businesstimes/672ff3d05111bad72b4c4096f36f5445dd875ad065e035069aedca6d37b4ca14 Deutsche Bank is seeking to expand its South-east Asia franchise. Deutsche Bank is seeking to expand its South-east Asia franchise. https://www.businesstimes.com.sg/opinion-features/moonshot-markets-understand-mechanics-plunging-spacexs-mega-ipo The Business Times en 2026-06-12T09:30:00+08:00 From moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO https://cassette.sphdigital.com.sg/image/businesstimes/c36f3422b38d58a3b03796ace91c822efad561386f28b1b70091843f056b3bfd FILE PHOTO: SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo The SpaceX logo and an Elon Musk silhouette are seen in this illustration. SpaceX will make its debut on the Nasdaq on Jun 12. https://www.businesstimes.com.sg/companies-markets/banking-finance/beijings-investment-clampdown-clouds-outlook-hong-kong-banks-insurers The Business Times en 2026-06-12T09:21:00+08:00 Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers https://cassette.sphdigital.com.sg/image/businesstimes/b8e5cd862a7d8ed314671ca1d5b9eec12969116969a19d25044f9f58cbf6edd1 Caution among the financial firms and mainland investors could weigh on sales of insurance policies, wealth management products and stock offerings in Hong Kong. Caution among the financial firms and mainland investors could weigh on sales of insurance policies, wealth management products and stock offerings in Hong Kong. https://www.businesstimes.com.sg/companies-markets/spacex-scores-record-us75b-ipo-retail-investors-can-turn-etfs-piece-space-economy The Business Times en 2026-06-12T08:51:09+08:00 As SpaceX scores a record US$75b IPO, retail investors can turn to ETFs for a piece of the space economy https://cassette.sphdigital.com.sg/image/businesstimes/b0a5b55e38bb4a095c61c025d0534742ac5dc6cf089175ce35f711a53dcb8a2e Space sector-focused exchange-traded funds can be bought via retail brokerage platforms, similar to US-listed stocks and funds. Space sector-focused exchange-traded funds can be bought via retail brokerage platforms, similar to US-listed stocks and funds. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/adobes-cfo-departs-while-company-also-searches-new-ceo The Business Times en 2026-06-12T08:48:13+08:00 Adobe’s CFO departs while company also searches for new CEO https://cassette.sphdigital.com.sg/image/businesstimes/320e508a20ddcef7a986618d8068e8db02adf3fd71f2a73b3b0dd2439d7e6001 Generative AI has made it easier to create visual media without Adobe’s expensive offerings and many of the most popular new AI tools are built by competitors. Generative AI has made it easier to create visual media without Adobe’s expensive offerings and many of the most popular new AI tools are built by competitors. https://www.businesstimes.com.sg/companies-markets/stocks-watch-cdl-singapore-kitchen-equipment The Business Times en 2026-06-12T08:31:51+08:00 Stocks to watch: CDL, Singapore Kitchen Equipment https://cassette.sphdigital.com.sg/image/businesstimes/2fb1a45fbefb18288bd48c0c60fc8aa15060a503e240885edfa05f99ab4a25d7 A tie-up between CDL and Hong Realty on Thursday has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road. A tie-up between CDL and Hong Realty has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road. https://www.businesstimes.com.sg/singapore/economy-policy/rate-hikes-unlikely-despite-hot-inflation-and-strong-jobs-us-amundi The Business Times en 2026-06-12T08:31:46+08:00 Rate hikes unlikely despite hot inflation and strong jobs in US: Amundi https://cassette.sphdigital.com.sg/image/businesstimes/78a35c53e1c07082dcfe41d9221944ce6ad4e4dcfe2e73e3b57533ea9cb32b12 Former Fed chair Janet Yellen speaking with Amundi CEO Valerie Baudson at Amundi World Investment Forum 2026. Former Fed chair Janet Yellen (left) speaking with Amundi CEO Valerie Baudson at the Amundi World Investment Forum 2026. https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-danantara-unit-raises-us1-5-billion-debut-dollar-bond The Business Times en 2026-06-12T08:19:58+08:00 Indonesia’s Danantara unit raises US$1.5 billion in debut dollar bond https://cassette.sphdigital.com.sg/image/businesstimes/d31e08bf946b5a575b9347f196844f0c145ff37c5239f161459370f3f4af58e4 Danantara Investment Management will use the proceeds for general corporate purposes, including investments and refinancing existing debt. Danantara Investment Management will use the proceeds for general corporate purposes, including investments and refinancing existing debt. https://www.businesstimes.com.sg/companies-markets/asian-stocks-joins-global-rally-us-iran-breakthrough-hopes The Business Times en 2026-06-12T08:08:00+08:00 Asian stocks joins global rally on US-Iran breakthrough hopes https://cassette.sphdigital.com.sg/image/businesstimes/12b84284178093210a68bd6e16512e02027ad755fd90a34736dabe7d9746114c Equity-index futures for Japan, Australia and Hong Kong pointed to gains at the open Equity-index futures for Japan, Australia and Hong Kong pointed to gains at the open https://www.businesstimes.com.sg/international/global/spacex-ipo-makes-elon-musk-worlds-first-trillionaire The Business Times en 2026-06-12T07:30:57+08:00 SpaceX IPO makes Elon Musk the world’s first trillionaire https://cassette.sphdigital.com.sg/image/businesstimes/2652bc21f29c1467e85006cdd787b246133650d6d70ccecaabdf077b0ea85106 Most of Elon Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly US$866 billion Most of Elon Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly US$866 billion. https://www.businesstimes.com.sg/companies-markets/energy-commodities/trafigura-and-vitol-sell-more-venezuelan-oil-asia-war-roils-supply The Business Times en 2026-06-12T07:10:21+08:00 Trafigura and Vitol sell more Venezuelan oil to Asia as war roils supply https://cassette.sphdigital.com.sg/image/businesstimes/0503d1b0a5219ecb2ce6d9c1c65958980186aaca257424bd8f7f6bc7d3010399 The increase in offers to Asia comes as the Iran war limits tanker traffic through the vital Strait of Hormuz and a peace deal appears elusive. The increase in offers to Asia comes as the Iran war limits tanker traffic through the vital Strait of Hormuz and a peace deal appears elusive. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-tech-sell-start-bear-market-or-just-correction-what-experts-say The Business Times en 2026-06-12T07:00:00+08:00 Is the global tech sell-off the start of a bear market or just a correction? What experts say https://cassette.sphdigital.com.sg/image/businesstimes/e58464b9de42b718533825a9107cddeb9bf5085ac19691c5393a009c99a9ccba A correction is typically defined as a dip of 10% or more in a stock index and asset’s market peak, while a bear market refers to a more prolonged fall of 20% or more. A correction is typically defined as a dip of 10% or more in a stock index and asset’s market peak, while a bear market refers to a more prolonged fall of 20% or more. https://www.businesstimes.com.sg/companies-markets/keppel-eyes-constrained-markets-next-frontier-data-centre-growth The Business Times en 2026-06-12T07:00:00+08:00 Keppel eyes constrained markets as next frontier of data centre growth https://cassette.sphdigital.com.sg/image/businesstimes/ce417f0e191176b8e534fbbb6540254772766c6140bf7bd5f55138903e2e6247 “The whole world is running out of power,” said Wong Wai Meng, CEO of Keppel's data centre business “The whole world is running out of power,” says Wong Wai Meng, CEO of Keppel's data centre business. https://www.businesstimes.com.sg/companies-markets/oiltek-marco-polo-marine-nam-cheong-okp-singapore-boutique-fund-bets-big-sgx-small-caps The Business Times en 2026-06-12T07:00:00+08:00 Oiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps https://cassette.sphdigital.com.sg/image/businesstimes/888715797afdfc419d824dd2aefd4c914fa5cbbd48489c91b5730f40eea6b327 The AGT team includes (from left) director and portfolio manager Avrian Tan; CEO and chief investment officer Gregory See; and director and portfolio manager Tim Kusumo. The AGT team includes (from left) director and portfolio manager Avrian Tan; CEO and chief investment officer Gregory See; and director and portfolio manager Tim Kusumo. https://www.businesstimes.com.sg/international/global/spacex-ipo-raises-us75-billion-biggest-debut-all-time The Business Times en 2026-06-12T06:57:44+08:00 SpaceX IPO raises US$75 billion in biggest debut of all time https://cassette.sphdigital.com.sg/image/businesstimes/60377e32726468cf9f9741f3edc43ddd4d01d68c7f754f1c2852d96b6c8b857e SpaceX building SpaceX will rank seventh among US-listed firms when its shares begin trading on the Nasdaq on Jun 12 (US Eastern time). https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-jumps-after-trump-signals-us-iran-truce-deal-close The Business Times en 2026-06-12T06:44:18+08:00 Gold jumps after Trump signals US-Iran truce deal is close https://cassette.sphdigital.com.sg/image/businesstimes/c7759ccf122b003c7074d5cfce7dd6a02a041e4913ea7a7e5b631fc7e4eb3068 Higher rates are typically negative for gold. Higher rates are typically negative for gold. https://www.businesstimes.com.sg/international/global/trump-says-iran-war-deal-close-strait-hormuz-tensions-linger The Business Times en 2026-06-12T06:32:56+08:00 Trump says Iran war deal close as Strait of Hormuz tensions linger https://cassette.sphdigital.com.sg/image/businesstimes/a0c5135c3ffd444c6527ab6c1366f116b6b1efd466af4d6866f63f71acd14e20 Trump said US Vice-President JD Vance could sign the deal for the United States. Trump said US Vice-President JD Vance could sign the deal for the United States. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-tumbles-trump-signals-us-drawing-closer-deal-iran The Business Times en 2026-06-12T06:20:00+08:00 Oil tumbles as Trump signals US drawing closer to deal with Iran https://cassette.sphdigital.com.sg/image/businesstimes/6e1492bf3d859ad8f0f5a40246fc0231096de443fb9d2f7c4a6f18f9037a1de5 Oil prices are down by more than a quarter from their Iran-conflict peak, even as a lasting peace deal has remained elusive Oil prices are down by more than a quarter from their Iran-conflict peak, even as a lasting peace deal has remained elusive https://www.businesstimes.com.sg/lifestyle/audemars-piguet-and-tag-heuer-explore-new-grounds-collaboration-timepieces The Business Times en 2026-06-12T06:00:00+08:00 Audemars Piguet and Tag Heuer explore new grounds with collaboration timepieces https://cassette.sphdigital.com.sg/image/businesstimes/878bf41cdb398a32b92a5757b798966902822bdf6deab52544fea117a2b49db8 Yoon Ahn, creative director and one-half of Ambush, wears the Audemars Piguet Royal Oak Concept Flying Tourbillon. Yoon Ahn, creative director and one-half of Ambush, wears the Audemars Piguet Royal Oak Concept Flying Tourbillon. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-indexes-jump-trump-says-strikes-against-iran-cancelled The Business Times en 2026-06-12T05:56:23+08:00 Wall Street indexes jump, Trump says strikes against Iran cancelled https://cassette.sphdigital.com.sg/image/businesstimes/c62a6ed8920e4eebb8d3bf8a88db3ac3da47a7ae0b2031888e583018793dd50f The S&P 500 has pulled back since hitting a record closing high in early June, with the Middle East conflict stoking inflationary pressures. The S&P 500 has pulled back since hitting a record closing high in early June, with the Middle East conflict stoking inflationary pressures. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-snap-four-day-losing-streak-investors-weigh-ecb-rate-hike The Business Times en 2026-06-12T05:38:00+08:00 European shares snap four-day losing streak as investors weigh ECB rate hike https://cassette.sphdigital.com.sg/image/businesstimes/818996a93201015fca065b0285521a27847ea7c317d72a195a108dd9f1e75831 Traders still expect borrowing costs to rise another 25 basis points before the end of the year, according to LSEG-compiled data. Traders still expect borrowing costs to rise another 25 basis points before the end of the year, according to LSEG-compiled data. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-ticks-chips-rebound-middle-east-focus The Business Times en 2026-06-11T22:45:33+08:00 US stocks: Wall Street ticks up as chips rebound, Middle East in focus https://cassette.sphdigital.com.sg/image/businesstimes/1340c7818b397e21d09d5e77bb71a748adbdaecca817d915b00336108c34aadc All three major US indices rose in early trading on Thursday. All three major US indices rose in early trading on Thursday. https://www.businesstimes.com.sg/companies-markets/banking-finance/long-term-care-not-just-age-related-issue-great-eastern The Business Times en 2026-06-11T22:34:29+08:00 Long-term care is not just an age-related issue: Great Eastern https://cassette.sphdigital.com.sg/image/businesstimes/5ea48f43e110fa4b923b06cc21fa72d9454eafa464465ffe94d41e421a2a2a68 A new study released on Thursday by Great Eastern found that while a majority of Singaporeans prefer home-based care for long-term care needs, many underestimate the financial and emotional pressures involved. A new study released on Thursday (Jun 11) by Great Eastern has found that while most Singaporeans prefer home-based care for long-term care needs, many underestimate the financial and emotional pressures involved. https://www.businesstimes.com.sg/international/global/world-bank-cuts-global-growth-outlook-2-5-warns-drop-1-3-if-war-fallout-spreads-markets The Business Times en 2026-06-11T22:00:23+08:00 World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets https://cassette.sphdigital.com.sg/image/businesstimes/56e16cc6415146f31900cf5078bc6d8e518a7f60bb0d11da1cc62fa18e8b17e6 Vessels anchored in the Strait of Hormuz as seen from Musandam, Oman, June 8, 2026. Vessels anchored in the Strait of Hormuz as seen from Musandam, Oman, June 8, 2026. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/spacex-ipo-draws-more-us70-billion-retail-orders The Business Times en 2026-06-11T21:48:49+08:00 SpaceX IPO draws more than US$70 billion in retail orders https://cassette.sphdigital.com.sg/image/businesstimes/7027db95f1cce6e55632d7155ac1c65073b9f1f89d850ce630a022e94f852ec5 Retail investors are expected to be allocated at least 20 per cent of the available shares, sources said. Retail investors are expected to be allocated at least 20 per cent of the available shares, sources said. https://www.businesstimes.com.sg/international/china-sanctions-philippine-defence-secretary-over-erroneous-remarks The Business Times en 2026-06-11T21:10:16+08:00 China sanctions Philippine defence secretary over ‘erroneous remarks’ https://cassette.sphdigital.com.sg/image/businesstimes/bb93b3aa8748e69ceec7df18008f725a287d9aa0cbf2ee93e8afd894d38c77a3 Gilberto Teodoro (pictured), his spouse and children are prohibited from entering mainland China, Hong Kong and Macau, China's foreign ministry said. Gilberto Teodoro (pictured), his spouse and children are prohibited from entering mainland China, Hong Kong and Macau, China's foreign ministry said. https://www.businesstimes.com.sg/international/global/trump-vows-strike-iran-thursday-if-it-holds-out-deal The Business Times en 2026-06-11T20:57:29+08:00 Trump vows to strike Iran on Thursday if it holds out on deal https://cassette.sphdigital.com.sg/image/businesstimes/bab46b58940ab6bc7750fc6e53ef064312056c8541da8dbaf083bd1f02309c5e A plume of smoke rises in Karaj, Iran, June 11, 2026. A plume of smoke rises in Karaj, Iran, June 11, 2026. https://www.businesstimes.com.sg/companies-markets/energy-commodities/opec-lowers-2026-global-oil-demand-growth-forecast-again The Business Times en 2026-06-11T20:53:52+08:00 Opec lowers 2026 global oil demand growth forecast again https://cassette.sphdigital.com.sg/image/businesstimes/482cb6c15d4f0c617361c33beb8b917093378bdbdc60cc03b47b244daed6c8f6 Based on the report on OPEC’s website, it also raises its forecast for 2027 oil demand growth. Based on the report on OPEC’s website, it also raises its forecast for 2027 oil demand growth. https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-raises-rates-nip-war-led-inflation-bud The Business Times en 2026-06-11T20:42:42+08:00 ECB raises rates to nip war-led inflation in the bud https://cassette.sphdigital.com.sg/image/businesstimes/320d0a20fd6875bb4b89780bd7a243eefd8a183af20da629454972ec17d29f78 Several ECB watchers had characterised the move as an “insurance hike” - a precautionary step that could be reversed if price pressures fade. Several ECB watchers had characterised the move as an “insurance hike” - a precautionary step that could be reversed if price pressures fade. https://www.businesstimes.com.sg/international/euro-awaits-ecb-rate-hike-dollar-muted The Business Times en 2026-06-11T20:21:57+08:00 Euro awaits ECB rate hike, dollar muted https://cassette.sphdigital.com.sg/image/businesstimes/96ec70ae86f1a7f62fe62210540cf65a577c2fd282b2009ad02975c0f8fe790b The common European currency was steady on the day at US$1.1536. The common European currency was steady on the day at US$1.1536. https://www.businesstimes.com.sg/companies-markets/thai-hospitality-group-minor-international-said-mull-singapore-ipo-instead-hong-kong The Business Times en 2026-06-11T19:56:54+08:00 Thai hospitality group Minor International said to mull Singapore IPO instead of Hong Kong https://cassette.sphdigital.com.sg/image/businesstimes/9e232dc355a019c392aff5e3d6f2f86a17abc85033e2bebd5e274444c0db6ab8 William Heinecke, the founder of Minor International. William Heinecke, the founder of Minor International. https://www.businesstimes.com.sg/international/global/ai-sparks-alarm-china-call-protect-worker-rights The Business Times en 2026-06-11T19:43:59+08:00 AI sparks alarm in China with call to protect worker rights https://cassette.sphdigital.com.sg/image/businesstimes/1bb7af5f5a8f1742cef273c12c340169a4e3bc6567ba2b637f720696213c0c48 An employee assembles robots at Beijing Innovation Centre of Humanoid Robotics in Beijing, China, March 20, 2026. An employee assembles robots at Beijing Innovation Centre of Humanoid Robotics in Beijing, China, March 20, 2026. https://www.businesstimes.com.sg/lifestyle/alcohol-drinking-will-shrink-next-decade-research-finds The Business Times en 2026-06-11T18:46:51+08:00 Alcohol drinking will shrink in the next decade, research finds  https://cassette.sphdigital.com.sg/image/businesstimes/e1758614f525c35979ce4132d348bf6978f277243626ea985d89706cf58a98f6 Spirits, beer and wine will all lose volumes by 2035 under IWSR’s forecast, as newer types of drink, such as canned cocktails, take their place. Spirits, beer and wine will all lose volumes by 2035 under IWSR’s forecast, as newer types of drink, such as canned cocktails, take their place. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-112 The Business Times en 2026-06-11T18:45:00+08:00 Daily Debrief: What Happened Today (Jun 11) https://cassette.sphdigital.com.sg/image/businesstimes/90d328bbbcc7ba5a5ad9525550ba33a6970b8837d261d6024a9053c11afb4e5a Derivatives traded volume increases 20% year on year to 30.5 million contracts in May, while daily average volume for derivatives gains 27% to 1.6 million contracts. Derivatives traded volume increases 20% year on year to 30.5 million contracts in May, while daily average volume for derivatives gains 27% to 1.6 million contracts. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-sti-0-6 The Business Times en 2026-06-11T18:31:34+08:00 Singapore stocks close higher; STI up 0.6% https://cassette.sphdigital.com.sg/image/businesstimes/835e5bfcf67dab606b44255527df5f88ada60c5add96626a537934472ee5697f The benchmark Straits Times Index is up 29.25 points at 4,988.10. The benchmark Straits Times Index is up 29.25 points at 4,988.10. https://www.businesstimes.com.sg/international/everyone-stakeholder-ai-microsoft-ceo-says The Business Times en 2026-06-11T18:27:06+08:00 ‘Everyone is a stakeholder’ in AI, Microsoft CEO says https://cassette.sphdigital.com.sg/image/businesstimes/c08c0c0d879c4b94a0f99a58683306f3bfe0110b6e456157ec4c6277a6c007e2 Microsoft CEO Satya Nadella has been steering the business, one of the largest public companies in the world, through a fierce AI race. Microsoft CEO Satya Nadella has been steering the business, one of the largest public companies in the world, through a fierce AI race. https://www.businesstimes.com.sg/lifestyle/food-drink/42-pasta-answer-offers-home-style-cooking-s42 The Business Times en 2026-06-11T18:22:18+08:00 42 Pasta is the Answer offers home-style cooking at S$42 https://cassette.sphdigital.com.sg/image/businesstimes/c2022fd506e3ee79c772813d4734cde28d53daada4c13102f1677b0c4fa3f5fc Located just outside Thomson Plaza in Singapore, the restaurant 42 Pasta is the Answer has been fully booked since it opened in late 2024. Located just outside Thomson Plaza, 42 Pasta is the Answer has been fully booked since it opened in late 2024. https://www.businesstimes.com.sg/opinion-features/columns/spacexs-ipo-success-may-rub-ambanis-listing-jio-platforms The Business Times en 2026-06-11T18:00:00+08:00 SpaceX’s IPO success may rub off on Ambani’s listing of Jio Platforms https://cassette.sphdigital.com.sg/image/businesstimes/240274d42ca6aec3cce3e90e36ba9f8204ac2bf491293a46452f689526d8ca09 Local institutions and retail savers in India may have the stomach for Jio’s US$4 billion float.  Local institutions and retail savers in India may have the stomach for Jio’s US$4 billion float.  https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/ai-predictions-consumer-plays-analysts-offer-sgx-playbook-world-cup-2026 The Business Times en 2026-06-11T17:55:18+08:00 AI predictions, consumer plays: Analysts offer SGX playbook for World Cup 2026 https://cassette.sphdigital.com.sg/image/businesstimes/5a6f372798b859444f0d0839e2968e37a71fb2078281436571f2d7b1556ac268 Maybank highlighted Raffles Medical as a less obvious beneficiary, anticipating increased demand for general practitioner consultations, on top of picks like SIA, Singtel and DBS. During World Cup years, the Straits Times Index has historically outperformed US and global equities. https://www.businesstimes.com.sg/property/cdl-hong-realty-trump-3-other-bidders-s542-4-million-offer-s1865-psf-ppr-peck-hay-plot The Business Times en 2026-06-11T17:50:38+08:00 CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot https://cassette.sphdigital.com.sg/image/businesstimes/1ce70f72b3d84ded7b2a64b5eb83495c3d45ff24752e9503fadcb79c91011de8 The site in Peck Hay Road can yield about 315 private homes. The site in Peck Hay Road can yield about 315 private homes, according to URA. https://www.businesstimes.com.sg/thrive/personal-growth/i-tested-networking-experts-tips-third-place The Business Times en 2026-06-11T17:20:56+08:00 I tested a networking expert’s tips at a ‘third place’  https://cassette.sphdigital.com.sg/image/businesstimes/caa11e396c1095a0a212b0827261d5523f25e4aa497caa57ef388473e7516294 BT BT https://www.businesstimes.com.sg/companies-markets/evergreen-funds-making-inroads-asia-harbourvest The Business Times en 2026-06-11T17:10:00+08:00 Evergreen funds making inroads into Asia: HarbourVest https://cassette.sphdigital.com.sg/image/businesstimes/a75759a37ecfafe8893fbf034ba141e209ecfdbb0d88843da222be680afe1bfc Craig MacDonald, managing director at HarbourVest Investors have to understand the liquidity limits of evergreen funds before investing in them, says Craig MacDonald, managing director at HarbourVest. https://www.businesstimes.com.sg/international/asean/airasia-x-postpones-bahrain-flight-route-due-regional-conflict The Business Times en 2026-06-11T16:55:36+08:00 AirAsia X postpones Bahrain flight route due to regional conflict https://cassette.sphdigital.com.sg/image/businesstimes/3ba307bc7d0f211178ae618f578db97edcc30858473b5ad47e882f108e783fa1 AirAsia was hit hard by volatile jet fuel prices as it was forced to cut 10% of flights and introduce a surcharge of about 20% on fuel. AirAsia was hit hard by volatile jet fuel prices as it was forced to cut 10% of flights and introduce a surcharge of about 20% on fuel. https://www.businesstimes.com.sg/companies-markets/dbs-initiates-coverage-centurion-corp-buy-call-strong-bed-growth-visibility The Business Times en 2026-06-11T16:50:44+08:00 DBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility https://cassette.sphdigital.com.sg/image/businesstimes/c52b3b05dc42246a496ae3958a56a629b59bded111e95eacc0995a40aa50f114 The firm’s “earnings framework has evolved from a purely asset-heavy accommodation operator into a diversified platform with multiple income streams”., DBS analysts said. The firm’s “earnings framework has evolved from a purely asset-heavy accommodation operator into a diversified platform with multiple income streams”, say DBS analysts. https://www.businesstimes.com.sg/lifestyle/bounty-frida-kahlo-art-emerges-mexicos-restored-museum The Business Times en 2026-06-11T16:47:54+08:00 Bounty of Frida Kahlo art emerges in Mexico’s restored museum https://cassette.sphdigital.com.sg/image/businesstimes/ab998954916759192d194e5a124178796dff9b41620a1f6c9e3fd9de1bb05819 Frida Kahlo's 'A Few Small Nips' (1935) is among the pieces on display. Frida Kahlo's 'A Few Small Nips' (1935) is among the pieces on display. https://www.businesstimes.com.sg/international/asean/world-bank-says-indonesias-gdp-slow-5-2026-fiscal-pressures-rise The Business Times en 2026-06-11T16:45:40+08:00 World Bank says Indonesia’s GDP to slow to 5% in 2026 as fiscal pressures rise https://cassette.sphdigital.com.sg/image/businesstimes/fa8a5f67b4b7de34740eb855778044cfecdebeed6ff14ad3d4778e4c2cb2900b The forecast by the World Bank is lower than Indonesia’s growth projections of 5.4 per cent to 6 per cent. The forecast by the World Bank is lower than Indonesia’s growth projections of 5.4 per cent to 6 per cent. https://www.businesstimes.com.sg/international/meta-starts-unwinding-singapore-based-manus-deal-splitting-operations-data The Business Times en 2026-06-11T16:35:44+08:00 Meta starts unwinding Singapore-based Manus deal by splitting operations, data 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. Meta has barred Manus and its staff from accessing the US company’s internal data systems since the beginning of June. https://www.businesstimes.com.sg/property/cuscaden-peak-sells-50-stake-south-australia-mall-us469-million The Business Times en 2026-06-11T16:22:25+08:00 Cuscaden Peak sells 50% stake in South Australia mall for US$469 million https://cassette.sphdigital.com.sg/image/businesstimes/e7dd9e796593dbd83c4b5fb48cc253cc3560d3e54237791365a5b2a990fa24ba The price tag is 15.4% higher than Westfield Marion Shopping Centre’s latest valuation of A$580 million as at Dec 31, 2024, but in line with its original acquisition cost The price tag is 15.4% higher than Westfield Marion Shopping Centre’s latest valuation of A$580 million as at Dec 31, 2024, but in line with its original acquisition cost. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-edge-higher-ahead-ecb-rate-verdict-middle-east-tensions-eyed The Business Times en 2026-06-11T16:10:52+08:00 European shares edge higher ahead of ECB rate verdict; Middle East tensions eyed  https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index edged 0.3 per cent higher to 620.24 points by 0717 GMT on Thursday. The Stoxx 600 index edged 0.3 per cent higher to 620.24 points by 0717 GMT on Thursday. https://www.businesstimes.com.sg/international/asean/malaysias-sd-guthrie-working-indonesia-palm-oil-plantation-seizures-ceo The Business Times en 2026-06-11T15:58:26+08:00 Malaysia’s SD Guthrie working with Indonesia on palm oil plantation seizures: CEO https://cassette.sphdigital.com.sg/image/businesstimes/213fe19fbe73bef54e7b7146e1e30f995b82533608a4adbfd5ac562f285175fb The Indonesian task force seized around 4.1 million ha of plantations in 2025 for operating illegally in forest areas. The Indonesian task force seized around 4.1 million ha of plantations in 2025 for operating illegally in forest areas. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alibabas-dingtalk-chief-departs-after-debate-erupts-over-ai-strategy The Business Times en 2026-06-11T15:50:22+08:00 Alibaba’s DingTalk chief departs after debate erupts over AI strategy https://cassette.sphdigital.com.sg/image/businesstimes/798130049efeeff4d4e936a1262c97567493a9d4e436048dc23ae76110ceff64 Dingtalk, known as Dingding in Chinese, plays a crucial role in Alibaba’s bid to pivot towards AI in the post-ChatGPT era. Dingtalk, known as Dingding in Chinese, plays a crucial role in Alibaba’s bid to pivot towards AI in the post-ChatGPT era. https://www.businesstimes.com.sg/international/asean/indonesian-bonds-resume-decline-market-confidence-stays-weak The Business Times en 2026-06-11T15:48:39+08:00 Indonesian bonds resume decline as market confidence stays weak https://cassette.sphdigital.com.sg/image/businesstimes/161296417f772d507c12ad2da957a669467679dbbadfd1ef8265fe02606a8c01 Indonesian markets remain volatile as investors assess whether officials can rebuild confidence shaken by President Prabowo Subianto’s interventionist agenda. Investors are assessing whether officials can rebuild confidence shaken by President Prabowo Subianto’s interventionist agenda. https://www.businesstimes.com.sg/international/japan-moves-regulate-crypto-stocks-market-growth-push The Business Times en 2026-06-11T15:20:11+08:00 Japan moves to regulate crypto like stocks in market growth push https://cassette.sphdigital.com.sg/image/businesstimes/5af71dc512738a55c33e89af5620b665a44070ee0a8fb60f41bf3d83a1d210f5 The bill seeks to tighten restrictions on crypto insider trading. The bill seeks to tighten restrictions on crypto insider trading. https://www.businesstimes.com.sg/property/uk-housing-market-slump-shows-signs-stabilising The Business Times en 2026-06-11T15:11:50+08:00 UK housing market slump shows signs of stabilising https://cassette.sphdigital.com.sg/image/businesstimes/34e84db8b854c6ebec0653dd0bb7befdfedbe1bda986888956d726e60f558d0a Caution remains dominant, however, with households delaying big-ticket purchases and preparing for a jump in energy bills. Caution remains dominant, however, with households delaying big-ticket purchases and preparing for a jump in energy bills. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/lseg-slowly-sheds-ai-risk-tag-drive-show-growth The Business Times en 2026-06-11T15:02:51+08:00 LSEG slowly sheds ‘AI risk’ tag with drive to show growth https://cassette.sphdigital.com.sg/image/businesstimes/ee1eb4200fab58a047f7f6644730d07d81886bfa4c5b11f5ba2369e7fd94bd9f FILE PHOTO: Signage is seen outside the LSEG (London Stock Exchange Group) headquarters in Paternoster Square, London, Britain, April 25, 2025. REUTERS/Toby Melville/File Photo LSEG shares rebound as investors reassess AI risks, up 27% since Elliott stake revealed. https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-hengli-seeks-west-african-middle-eastern-oil-after-us-sanctions-sources The Business Times en 2026-06-11T14:57:35+08:00 China’s Hengli seeks West African, Middle Eastern oil after US sanctions: sources https://cassette.sphdigital.com.sg/image/businesstimes/9567c4205497ac9f0956644bd6fd2a1762a90238e30bd2804c6c4b0c19b9e112 Hengli had since late 2024 been heavily reliant on Iranian oil and had also purchased Russian crude, according to multiple traders. Hengli had since late 2024 been heavily reliant on Iranian oil and had also purchased Russian crude, according to multiple traders. https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-set-insurance-hike-iran-war-fans-eurozone-inflation The Business Times en 2026-06-11T14:42:44+08:00 ECB set for ‘insurance hike’ as Iran war fans eurozone inflation https://cassette.sphdigital.com.sg/image/businesstimes/4b3d58a1b7f4ee98724b7edeecb4386262f494c1fc8d3d856a2e84ab42a7c427 Thursday’s hike would be the first in nearly three years and take the ECB’s benchmark deposit rate to 2.25 per cent from 2 per cent. Thursday’s hike would be the first in nearly three years and take the ECB’s benchmark deposit rate to 2.25 per cent from 2 per cent. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/alibaba-jd-com-shares-slide-after-beijing-slams-price-cut-promotions The Business Times en 2026-06-11T14:28:23+08:00 Alibaba, JD.com shares slide after Beijing slams price-cut promotions https://cassette.sphdigital.com.sg/image/businesstimes/237a5fdf9936beb1ce33840cb65c55c420b4c39ca9319e357d9c03c44ec68ceb Alibaba shares fell as much as 5.9 per cent on Thursday (Jun 11) morning in Hong Kong, the biggest intraday decline in nearly three months. Alibaba shares fell as much as 5.9 per cent on Thursday (Jun 11) morning in Hong Kong, the biggest intraday decline in nearly three months. https://www.businesstimes.com.sg/lifestyle/health-wellness/why-singapore-men-are-joining-new-mentoo-movement The Business Times en 2026-06-11T14:10:00+08:00 Why Singapore men are joining the new ‘MenToo’ movement https://cassette.sphdigital.com.sg/image/businesstimes/94ea3362d93a2767bb3031171d4622da4c3a5c37d76f827ce0b86e1f8aec6cd2 The launch of MenToo at Timbre+ One North brought together men’s groups seeking to open up conversations on men's mental health and what it means to be a man in Singapore today. MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore. https://www.businesstimes.com.sg/opinion-features/malaysias-stability-dividend-faces-its-next-test-state-elections-loom The Business Times en 2026-06-11T14:00:00+08:00 Malaysia’s stability dividend faces its next test as state elections loom https://cassette.sphdigital.com.sg/image/businesstimes/bb96ed70bad0d623a619feb15eddfa7303033d2c3bc20f60eafa96f02f69d5ab Beyond state elections, the wider question is whether Anwar’s coalition can manage the pressures building beneath the surface. Beyond state elections, the coalition of Malaysian Prime Minister Anwar Ibrahim is also contending with pressures building beneath the surface. https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-doubles-private-bankers-singapore-team-top-50 The Business Times en 2026-06-11T13:42:40+08:00 JPMorgan doubles private bankers in Singapore team to top 50 https://cassette.sphdigital.com.sg/image/businesstimes/5b4b20faa7dacf23c8ef120ae527bf7390960503805828bbcbf19e838f629040 Indonesia is a major market for private banks in Singapore, where billionaires often keep their offshore accounts. Indonesia is a major market for private banks in Singapore, where billionaires often keep their offshore accounts. https://www.businesstimes.com.sg/international/asean/thai-consumer-confidence-drops-lowest-level-over-three-years-may The Business Times en 2026-06-11T13:19:30+08:00 Thai consumer confidence drops to lowest level in over three years in May https://cassette.sphdigital.com.sg/image/businesstimes/eee90f6ad19c35a25e7051f54438df12bf0d1376c2d6f436f9ab9b3e856f3339 The government has launched a 176 billion baht consumer subsidy scheme to ease the cost of living. The government has launched a 176 billion baht consumer subsidy scheme to ease the cost of living. https://www.businesstimes.com.sg/singapore/singaporeans-and-prs-can-now-open-ocbc-malaysia-business-accounts-singpass The Business Times en 2026-06-11T13:03:20+08:00 Singaporeans and PRs can now open OCBC Malaysia business accounts with Singpass https://cassette.sphdigital.com.sg/image/businesstimes/6aaf27da64c266aa8c52000c1ae9e758662fe445cc2c74ffac2161777dc89257 This marks the first use of Singpass beyond Singapore-based services. This marks the first use of Singpass beyond Singapore-based services. https://www.businesstimes.com.sg/singapore/s500-cdc-vouchers-all-singaporean-households-june-11-government-ready-do-more-if-needed-dpm-gan The Business Times en 2026-06-11T12:24:02+08:00 S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan https://cassette.sphdigital.com.sg/image/businesstimes/8108216c62d04469880438420eac25d79e2e6b62a7812e9f9c5609511ada4ffd As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets. As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/five-areas-watch-renewed-us-iran-hostilities-rattle-global-markets The Business Times en 2026-06-11T12:18:57+08:00 Five areas to watch as renewed US-Iran hostilities rattle global markets https://cassette.sphdigital.com.sg/image/businesstimes/439d222f7a93c526c59887641ae32fa0c0c36072593ba02c576f21008a9c1274 US-Iran war The threat of a prolonged conflict in the Middle East is triggering a broad reassessment of portfolios. https://www.businesstimes.com.sg/international/asean/vietnams-vingroup-forges-ahead-worlds-largest-stadium-despite-demand-doubts The Business Times en 2026-06-11T12:12:21+08:00 Vietnam’s Vingroup forges ahead with ‘world’s largest stadium’ despite demand doubts https://cassette.sphdigital.com.sg/image/businesstimes/4564dde1589be0fb38ead27e153efa3e704d6afa7de5fdd2985ff487bd01478a A drone view shows construction work at Hung Vuong Stadium, a planned 135,000-seat football stadium being developed by Vingroup. A drone view shows construction work at Hung Vuong Stadium, a planned 135,000-seat football stadium being developed by Vingroup. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/south-korea-fines-coupang-record-624-7-billion-won-data-leak The Business Times en 2026-06-11T11:47:23+08:00 South Korea fines Coupang record 624.7 billion won for data leak https://cassette.sphdigital.com.sg/image/businesstimes/03f164f399acfe6650ee2ff2a45c0de5b983a734e45119d8529c44cb6e8af782 Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts, undetected for months. Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts, undetected for months. https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-governor-uedas-absence-fuels-market-nerves-over-rate-meeting The Business Times en 2026-06-11T11:34:24+08:00 BOJ governor Ueda’s absence fuels market nerves over rate meeting https://cassette.sphdigital.com.sg/image/businesstimes/a9d4eb2e1946205b7cdca0527847191e199a5af75d9429e9d8a5fd0e6ad65eb2 Bank of Japan Governor Kazuo Ueda attends a press conference after a BOJ policy meeting in Tokyo, Japan, March 19, 2026. REUTERS/Kim Kyung-Hoon Bank of Japan governor Kazuo Ueda’s absence is unlikely to shift expectations of a hike. https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-danantara-eyes-us1-billion-bond-sale-test-investor-appetite The Business Times en 2026-06-11T11:12:42+08:00 Indonesia’s Danantara eyes US$1 billion bond sale in test of investor appetite 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 is also planning to issue local-currency bonds that would carry coupons below prevailing market rates, according to sources. https://www.businesstimes.com.sg/international/asean/thailand-malaysia-clash-over-seafood-trade-curbs The Business Times en 2026-06-11T11:10:39+08:00 Thailand, Malaysia clash over seafood trade curbs https://cassette.sphdigital.com.sg/image/businesstimes/89b1ba417c482888f2efb155c436f5d2efc787c9cc619397791cb4ab3fdcb337 The shrimp industry accounts for roughly a fifth of Thailand’s seafood exports. The shrimp industry accounts for roughly a fifth of Thailand’s seafood exports. https://www.businesstimes.com.sg/companies-markets/dbs-launch-tokenised-physical-gold-retail-customers-singapore The Business Times en 2026-06-11T11:00:00+08:00 DBS to launch tokenised physical gold for retail customers in Singapore https://cassette.sphdigital.com.sg/image/businesstimes/e598fdaf28c29206eee368d550c74f43f38eed0497cdb51b3727a0d49fe30980 Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years, says the bank. Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years. https://www.businesstimes.com.sg/international/asean/stripe-moves-head-global-product-singapore-drive-asia-pacific-growth The Business Times en 2026-06-11T11:00:00+08:00 Stripe moves head of global product to Singapore to drive Asia-Pacific growth https://cassette.sphdigital.com.sg/image/businesstimes/101ef121b13449189b8be4a6fbd101b95fa183611db140d27aeea36dc667a2cf Stripe's head of global product Abhinav Tiwari said being in Singapore will Stripe better serve its clients in the region. Stripe's head of global product Abhinav Tiwari said that being in Singapore will help Stripe better serve its clients in the region. https://www.businesstimes.com.sg/international/asean/thai-farm-debt-crisis-deepens-early-test-anutins-government The Business Times en 2026-06-11T10:50:21+08:00 Thai farm debt crisis deepens in early test for Anutin’s government  https://cassette.sphdigital.com.sg/image/businesstimes/833b28169f4944760005335b46bad1a09c00acee8bfe94a75fa7a8e712da7efb The struggles of Thai farmers underscore the broader pressures weighing on South-east Asia’s second-largest economy, which has struggled with low growth. The struggles of Thai farmers underscore the broader pressures weighing on South-east Asia’s second-largest economy, which has struggled with low growth. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/gallery/2026 The Business Times en 2026-06-11T10:47:36+08:00 2026 https://www.businesstimes.com.sg/companies-markets/banking-finance/thai-long-bonds-draw-funds-steepest-curve-emerging-asia The Business Times en 2026-06-11T10:42:26+08:00 Thai long bonds draw funds with steepest curve in emerging Asia https://cassette.sphdigital.com.sg/image/businesstimes/cec7b80690b6993ea63531a97e7fb800b4bed53cc62ee02021b1b148751ae2dc Foreign investors have purchased about US$342 million of Thai bonds so far this quarter, reversing part of the roughly US$1 billion of net outflows recorded in March Foreign investors have purchased about US$342 million of Thai bonds so far this quarter, reversing part of the roughly US$1 billion of net outflows recorded in March. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/oracles-ai-spending-blows-past-estimates-raising-worries-over-growing-debt The Business Times en 2026-06-11T10:29:30+08:00 Oracle’s AI spending blows past estimates, raising worries over growing debt https://cassette.sphdigital.com.sg/image/businesstimes/386366ac3246bbc4239a076b477be90effe58ef7b603a437f2ff2864d9556870 Oracle reported total revenue of US$19.18 billion for the fourth quarter. Oracle reported total revenue of US$19.18 billion for the fourth quarter. https://www.businesstimes.com.sg/international/asean/stocks-fall-tensions-flare-new-us-attacks-iran The Business Times en 2026-06-11T10:21:21+08:00 Stocks fall as tensions flare up with new US attacks on Iran https://cassette.sphdigital.com.sg/image/businesstimes/eee7cf4afe21cc83543b7e83f84b6aae02af9dc73e4211e43a64e223107b6a5c The weak sentiment at the start of the Asian day stabilised with US equity-index futures flipping earlier losses to rise as much as 0.6%. The weak sentiment at the start of the Asian day stabilised with US equity-index futures flipping earlier losses to rise as much as 0.6%. https://www.businesstimes.com.sg/companies-markets/banking-finance/openai-visa-team-let-ai-agents-make-purchases-online The Business Times en 2026-06-11T10:15:30+08:00 OpenAI, Visa team up to let AI agents make purchases online https://cassette.sphdigital.com.sg/image/businesstimes/c18443e63e79adcde1dd56b52cad90222b210bd4cb8dc61108d8ce72267a94c3 The company’s cross-border indicators are closely monitored by analysts and economists. Visa’s payment services will be integrated into OpenAI’s platform so online retailers can accept agent-driven transactions. https://www.businesstimes.com.sg/international/global/global-junk-debt-flashes-warning-growing-risk-stagflation The Business Times en 2026-06-11T10:10:41+08:00 Global junk debt flashes warning on growing risk of stagflation https://cassette.sphdigital.com.sg/image/businesstimes/540bf75e8b76e9f50d6c4f9cd32be0a709d4117a0574bcfb8c5a0b6ed5091c32 More than three months into the Iran conflict, higher oil prices are compounding risks for highly indebted borrowers. More than three months into the Iran conflict, higher oil prices are compounding risks for highly indebted borrowers. https://www.businesstimes.com.sg/property/evergrandes-liquidation-prompts-some-pwc-partners-shield-assets-contemplate-divorce The Business Times en 2026-06-11T09:38:25+08:00 Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce https://cassette.sphdigital.com.sg/image/businesstimes/a8588a838171ae0900ca69fd38d0f3cb726ed9affee037ebd83034b656f59cdb Evergrande’s debt burden is larger than previously estimated, reaching HK$350 billion, according to court-appointed liquidators. Evergrande’s liquidators have claimed “negligence” and “misrepresentation” in the auditing work done by PwC’s mainland and Hong Kong affiliates. https://www.businesstimes.com.sg/companies-markets/transport-logistics/air-india-ahmedabad-crash-report-miss-one-year-deadline-engine-probe-pending The Business Times en 2026-06-11T09:37:38+08:00 Air India Ahmedabad crash report to miss one-year deadline with engine probe pending https://cassette.sphdigital.com.sg/image/businesstimes/2d65e9bd455570ab3723c0503edf4b979cc33a5fd1a152e3575e8a30cb1555d3 The Air India 787 headed to London crashed shortly after take-off from Ahmedabad on Jun 12, 2025. The Air India 787 headed to London crashed shortly after take-off from Ahmedabad on Jun 12, 2025. https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-hedge-fund-managers-set-pay-bump-tax-plan The Business Times en 2026-06-11T09:33:00+08:00 Hong Kong hedge fund managers set for pay bump in tax plan https://cassette.sphdigital.com.sg/image/businesstimes/f594bdcd8c859fbe6d72473900c65f593109e87b0af4ebdd1cd09b41d8c95ef7 The Hong Kong government plans to present a bill, proposing tax exemptions for a wide range of alternative asset managers on so-called carried interest. The Hong Kong government plans to present a bill, proposing tax exemptions for a wide range of alternative asset managers on so-called carried interest. https://www.businesstimes.com.sg/international/global/chinas-nascent-medical-tourism-lures-foreign-patients-cutting-edge-cheap-medical-care The Business Times en 2026-06-11T09:02:14+08:00 China’s nascent medical tourism lures foreign patients with cutting-edge, cheap medical care https://cassette.sphdigital.com.sg/image/businesstimes/e858e3d472e467f53c8a1f0db2a0c83ff6901585176549b5d707c50e295a2beb China has rapidly emerged as an important player in global medical research and innovation. SinoUnited Health, a Shanghai-based healthcare provider, has already received about 30 foreign patients for CAR-T therapy since it treated the first in late 2024. https://www.businesstimes.com.sg/companies-markets/sgx-securities-trading-value-jumps-70-may-amid-robust-trading-activity The Business Times en 2026-06-11T08:53:07+08:00 SGX securities trading value jumps 70% in May amid ‘robust’ trading activity https://cassette.sphdigital.com.sg/image/businesstimes/835e5bfcf67dab606b44255527df5f88ada60c5add96626a537934472ee5697f This came as Singapore’s stock market claimed the title of Southeast Asia’s largest by market capitalisation and demand for trusted risk-management tools expanded across equities, FX and commodities, SGX said. Derivatives traded volume increases 20% year on year to 30.5 million contracts in May, while daily average volume for derivatives gains 27% to 1.6 million contracts. https://www.businesstimes.com.sg/companies-markets/banking-finance/programme-income-insurance-shareholders-sell-shares-relaunched The Business Times en 2026-06-11T08:37:53+08:00 Programme for Income Insurance shareholders to sell shares relaunched https://cassette.sphdigital.com.sg/image/businesstimes/fe8635188bb49e893ab88b71672fab09cce119be75344bad3dfc704bfca63fc2 Under the programme, Phillip Securities may buy shares from willing sellers and place them with accredited and institutional investors through AltaX. While Income is not listed on the stock exchange, it is a public company with more than 15,000 retail shareholders, many of whom are elderly. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/stocks-watch-capitaland-integrated-commercial-trust-sgx The Business Times en 2026-06-11T08:31:23+08:00 Stocks to watch: CapitaLand Integrated Commercial Trust, SGX https://cassette.sphdigital.com.sg/image/businesstimes/a15d8cb6d4ceef8c4dad0a8fd8ac701c53207cd395bafffc7eff74e53b39003e Unitholders pressed hard for answers at an extraordinary general meeting on Wednesday to approve its proposed S$3.9 billion acquisition Paragon. Unitholders of CICT pressed hard for answers at an extraordinary general meeting on Wednesday to approve the proposed S$3.9 billion acquisition of Paragon. https://www.businesstimes.com.sg/companies-markets/spacex-ipo-more-four-times-oversubscribed-sources The Business Times en 2026-06-11T08:23:22+08:00 SpaceX IPO more than four times oversubscribed: sources https://cassette.sphdigital.com.sg/image/businesstimes/c21091cea37047162b239713566c2a830d13974c0addb21f584c2da2dff60374 SpaceX’s IPO is set to price on Jun 11 and trade on Jun 12. SpaceX’s IPO is set to price on Jun 11 and trade on Jun 12. https://www.businesstimes.com.sg/international/us-refunds-us22-billion-tariffs-offsetting-customs-revenue The Business Times en 2026-06-11T08:10:46+08:00 US refunds US$22 billion in tariffs, offsetting customs revenue https://cassette.sphdigital.com.sg/image/businesstimes/eb014bd6e4a4b2bffa20cd52f5b273001d95137208284c276d7a9c55fb4665d1 The administration began processing refunds in April after the Supreme Court ruled that President Donald Trump did not have the authority to impose tariffs using Ieepa. The administration began processing refunds in April after the Supreme Court ruled that President Donald Trump did not have the authority to impose tariffs using Ieepa. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-hits-over-six-month-low-rate-hike-concerns-amid-middle-east-conflict The Business Times en 2026-06-11T07:41:07+08:00 Gold hits over six-month low on rate-hike concerns amid Middle East conflict https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Gold is more than a fifth below where it was trading before the Iran war broke out at the end of February. While gold is seen as a hedge against inflation, higher interest rates tend to weigh on the non-yielding metal. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsofts-xbox-plans-significant-layoffs-it-transforms-under-new-ceo The Business Times en 2026-06-11T07:16:20+08:00 Microsoft’s Xbox plans significant layoffs as it transforms under new CEO https://cassette.sphdigital.com.sg/image/businesstimes/dbccf431a983762bd1095bf806dae7437f525b434e8eaebb31ef065917588be0 This will be the first sweeping change under Asha Sharma, who became CEO of Xbox in February. This will be the first sweeping change under Asha Sharma, who became CEO of Xbox in February. https://www.businesstimes.com.sg/opinion-features/agentic-ai-banks-wont-make-workers-obsolete-theyll-become-more-important The Business Times en 2026-06-11T07:15:00+08:00 Agentic AI in banks won’t make workers obsolete – they’ll become more important https://cassette.sphdigital.com.sg/image/businesstimes/5603407e04b16e427c989cb1e3ba57b1c80a1ea271905e7515e521cba086f3fb Institutions will need people who can interrogate AI reasoning, not just consume AI outputs. Institutions will need people who can interrogate AI reasoning, not just consume AI outputs. https://www.businesstimes.com.sg/companies-markets/deloittes-lee-boon-teck-new-isca-chief-urges-accountants-be-fluent-accounting-and-tech The Business Times en 2026-06-11T07:00:00+08:00 Deloitte’s Lee Boon Teck, new Isca chief, urges accountants to be fluent in accounting and tech https://cassette.sphdigital.com.sg/image/businesstimes/7d987a805428c0b0967b2c8938a7a62b14e20e2f1631bc8bd0117341e751f355 Lee Boon Teck, the newly-minted president of Isca and regional managing partner for audit and assurance at Deloitte South-east Asia. Lee Boon Teck, the new president of the Institute of Singapore Chartered Accountants (Isca), is regional managing partner for audit and assurance at Deloitte South-east Asia. https://www.businesstimes.com.sg/companies-markets/tech-stocks-could-surpass-s-reits-iedge-singapore-next-50-index-if-growth-momentum-keeps-sgx The Business Times en 2026-06-11T07:00:00+08:00 Tech stocks could surpass S-Reits on iEdge Singapore Next 50 index if growth momentum keeps up: SGX https://cassette.sphdigital.com.sg/image/businesstimes/c8c032180d27e2fee416942e32c9aee7ff6ea6d1e1beebab48eb84d192ee2205 Above: A Top Glove plant in Malaysia. The company's year-to-date average daily trading value, powered by AI-led test demand, rose from S$4.05 million to S$34.7 million year on year. A Top Glove plant in Malaysia. The company's year-to-date average daily trading value, powered by AI-led test demand, rose from S$4.05 million to S$34.7 million year on year. https://www.businesstimes.com.sg/international/global/how-digital-asset-custody-next-backbone-digital-finance The Business Times en 2026-06-11T07:00:00+08:00 How digital asset custody is the next backbone of digital finance  https://cassette.sphdigital.com.sg/image/businesstimes/3d5407bda387354ecf1b53307ba84ad02e5e61616e2dc8fe547937cbc0e0fcee Standard Chartered projects the total market cap of stablecoins to reach US$2 trillion by end-2028 Standard Chartered projects that the global tokenised real-world assets market, excluding stablecoins, will surge to US$2 trillion by 2028. https://www.businesstimes.com.sg/opinion-features/next-financial-crisis-could-start-advanced-economies-sovereign-debt The Business Times en 2026-06-11T07:00:00+08:00 The next financial crisis could start with advanced economies’ sovereign debt https://cassette.sphdigital.com.sg/image/businesstimes/ce64df36fd58e078d19039945a86143783aa1b53c75c73aa988049e6d8a1759d Recent strains in private equity and private credit are a reminder that vulnerabilities built during years of ultra-low interest rates are now surfacing. Recent strains in private equity and private credit are a reminder that vulnerabilities built during years of ultra-low interest rates are now surfacing. https://www.businesstimes.com.sg/companies-markets/software-sell-singapores-private-wealth-gets-more-discerning-ai-era-technology-exposure The Business Times en 2026-06-11T07:00:00+08:00 Software sell-off: Singapore’s private wealth gets more discerning on AI-era technology exposure https://cassette.sphdigital.com.sg/image/businesstimes/d57c64be7117c99d2e7e235008bd33ac2f63b80cddf7e607437fd1948d258855 According to the UBS Global Family Office Report 2026 released late May, 65 per cent of family offices are already invested across AI, which include software and plans to maintain or increase their exposure, balancing opportunity with resilience. Sophisticated clients including Singapore family offices are selectively investing into the technology space via the public market and equity funds. https://www.businesstimes.com.sg/lifestyle/years-long-effort-woo-trump-culminates-world-cup The Business Times en 2026-06-11T07:00:00+08:00 A years-long effort to woo Trump culminates with the World Cup https://cassette.sphdigital.com.sg/image/businesstimes/64fe7abdb37d1bdf4eb6ded0566ff7a1687b96fbf8c8b71f3dbf1df08b631324 Fifa president Gianni Infantino's amity with US President Donald Trump has him defending his way of operating in what is supposed to be a politically neutral position. Fifa president Gianni Infantino's amity with US President Donald Trump has him defending his way of operating in what is supposed to be a politically neutral position. https://www.businesstimes.com.sg/international/global/asml-cut-fewer-jobs-planned-after-union-negotiations The Business Times en 2026-06-11T06:46:02+08:00 ASML to cut fewer jobs than planned after union negotiations https://cassette.sphdigital.com.sg/image/businesstimes/57af4673045cf0a35f11403ed80ecec13ff1efa0323eb3156f3fae3ea75cb503 ASML has benefited from the hundreds of billions of US dollars pouring into artificial intelligence infrastructure. ASML is the only producer of cutting-edge lithography machines that are needed to make advanced semiconductors. https://www.businesstimes.com.sg/international/global/us-iran-trade-attacks-second-day-undermining-shaky-ceasefire-teheran-says-it-closed-hormuz The Business Times en 2026-06-11T06:39:40+08:00 US, Iran trade attacks for a second day, undermining shaky ceasefire; Teheran says it closed Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/17fdbb3147ad75bbbca2f248bc5f0cd7a9b87c7fbb2448c1f6c5f0085c16f0f8 USS Michael Murphy launches missiles from an unknown location, as the US struck multiple targets overnight in Iran on Jun 10. USS Michael Murphy launches missiles from an unknown location, as the US struck multiple targets overnight in Iran on Jun 10. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rises-more-us1-escalation-us-iran-strikes-unnerve-traders The Business Times en 2026-06-11T06:07:21+08:00 Oil rises more than US$1 as escalation in US-Iran strikes unnerve traders https://cassette.sphdigital.com.sg/image/businesstimes/152d8360803f762467232e96e0f6c6bf2d0fac87bad4bd0f7521840b00193e39 Global oil consumption is roughly 100 million barrels per day. Iran has continued to block most shipping through the strait while Washington has imposed its own blockade of Iranian ports. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-indexes-fall-more-1-hit-tech-iran-war-worries The Business Times en 2026-06-11T05:54:50+08:00 Wall Street indexes fall more than 1%, hit by tech, Iran war worries https://cassette.sphdigital.com.sg/image/businesstimes/020ef290f206ef5a52c73275dcf97d732df10c9a73126f85fc0f38bbbad024f0 The rotation out of high-flying technology shares has helped other areas of the markets that have lagged this year, including healthcare, real estate and consumer staples. The rotation out of high-flying technology shares has helped other areas of the markets that have lagged this year, including healthcare, real estate and consumer staples. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-steady-investors-weigh-us-iran-flare The Business Times en 2026-06-11T05:37:00+08:00 European shares steady as investors weigh US-Iran flare-up https://cassette.sphdigital.com.sg/image/businesstimes/14ad8ca046da4cedd67cbcff8d352a95cf5c7f2e064b6c81f73be825699e48a2 The pan-European Stoxx 600 index was down 0.01% at 618.63 points, closing lower for the fourth consecutive session. Markets will be focused on policymakers’ guidance for the rate path beyond this week. https://www.businesstimes.com.sg/podcasts/my-job-my-skills-my-future The Business Times en 2026-06-11T05:00:00+08:00 My job, my skills, my future https://cassette.sphdigital.com.sg/image/businesstimes/37a2bd02c5a90fbb8f320d00ed08d2b9ffb9de6cb813c7b74b08026b996dc986 (From right) Victor Chua, Dean Tong and host Claressa Monteiro. (From right) Victor Chua, Dean Tong and host Claressa Monteiro. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-dips-tech-declines-middle-east-tensions-mount The Business Times en 2026-06-10T22:20:27+08:00 US stocks: Wall Street dips as tech declines, Middle East tensions mount https://cassette.sphdigital.com.sg/image/businesstimes/e569eb27e988fc3211a460cb3f81497e08d5274ba61a0e640862eb47cb7ef119 All three major US indices fell in early trading on Wednesday. All three major US indices fell in early trading on Wednesday. https://www.businesstimes.com.sg/international/bill-gates-arrives-closed-door-epstein-panel-testimony The Business Times en 2026-06-10T22:07:54+08:00 Bill Gates arrives for closed-door Epstein panel testimony https://cassette.sphdigital.com.sg/image/businesstimes/3c376ede40661ccee30fb88cbad538c24335b6c42b87f7b6c97e7b81ee9488fd Bill Gates speaks to the media as he arrives for a closed door interview before the House Oversight Committee investigating Jeffrey Epstein, Washington, DC, June 10, 2026. Bill Gates speaks to the media as he arrives for a closed door interview before the House Oversight Committee investigating Jeffrey Epstein, Washington, DC, June 10, 2026. https://www.businesstimes.com.sg/lifestyle/style-society/football-fever-fifa-world-cup-merchandise-get-your-hands The Business Times en 2026-06-10T21:37:57+08:00 Football fever: Fifa World Cup merchandise to get your hands on https://cassette.sphdigital.com.sg/image/businesstimes/90eeb172a1ad0217e81bdfd5cea51ef336317bde0c235d9ba94f92f08ca9c439 World Cup fever has arrived. World Cup fever has arrived. https://www.businesstimes.com.sg/international/us-inflation-accelerates-though-core-gauge-comes-softer The Business Times en 2026-06-10T21:33:22+08:00 US inflation accelerates, though core gauge comes in softer https://cassette.sphdigital.com.sg/image/businesstimes/5890b43577028559eb312bca9e87172d644efc66e632acbda61b07f04e84049c The CPI climbed 4.2 per cent from a year earlier, the most since early 2023, according to Bureau of Labor Statistics data out on Wednesday. The CPI climbed 4.2 per cent from a year earlier, the most since early 2023, according to Bureau of Labor Statistics data out on Wednesday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/greenback-treads-water-us-iran-clashes-inflation-data-focus The Business Times en 2026-06-10T21:11:48+08:00 Greenback treads water with US-Iran clashes, inflation data in focus https://cassette.sphdigital.com.sg/image/businesstimes/29c34cf8015d3f78a527fcad3cba28a4533dcef239429a0840dd6b08cd18fec5 The dollar index, which measures the greenback against a basket of currencies including the yen and euro, was last steady at 99.97. The dollar index, which measures the greenback against a basket of currencies including the yen and euro, was last steady at 99.97. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-inspects-major-fx-banks-destabilising-won-trades The Business Times en 2026-06-10T20:58:12+08:00 South Korea inspects major FX banks for destabilising won trades https://cassette.sphdigital.com.sg/image/businesstimes/ecade7ef1bbd75cef9fbec5975d318fb1189ae1ca833c1664b6c262f389e3102 The Korean won remains one of Asia’s worst performers, down 5.8% this year, trailing only the Indonesian rupiah. The Korean won remains one of Asia’s worst performers, down 5.8% this year, trailing only the Indonesian rupiah. https://www.businesstimes.com.sg/international/global/trump-says-iran-will-have-pay-price-after-tit-tat-strikes The Business Times en 2026-06-10T20:36:42+08:00 Trump says Iran will ‘have to pay the price’ after tit-for-tat strikes https://cassette.sphdigital.com.sg/image/businesstimes/c9442018be524df856c6f316c2e88f49bb520c5b5815972ad200c9ff74e3f660 An Iranian missile is launched in Teheran, Iran in an image released on June 10, 2026 An Iranian missile is launched in Teheran, Iran in an image released on June 10, 2026 https://www.businesstimes.com.sg/international/visa-mastercard-us38-billion-swipe-fee-settlement-wins-us-judges-approval The Business Times en 2026-06-10T20:32:21+08:00 Visa, Mastercard US$38 billion swipe fee settlement wins US judge’s approval https://cassette.sphdigital.com.sg/image/businesstimes/6c72c9725aa89f2ad1961f56e57a36bcb4e9e32f60d7861c68e98708a5a7c182 Visa and Mastercard agreed to lower swipe fees by 0.1 percentage point for five years, while standard consumer rates would be lowered to no more than 1.25% for eight years. Visa and Mastercard agreed to lower swipe fees by 0.1 percentage point for five years, while standard consumer rates would be lowered to no more than 1.25% for eight years. https://www.businesstimes.com.sg/lifestyle/20-affordable-and-joyous-wines The Business Times en 2026-06-10T20:16:48+08:00 20 affordable and joyous wines https://cassette.sphdigital.com.sg/image/businesstimes/b358d4864c385be017429b608f81a62bc35f5eb436fc9c71dc7e15a783ba9ddb The price of almost everything is rising, including wine. But distinctive, delicious bottles can still be found in the US$15 to US$20 range. The price of almost everything is rising, including wine. But distinctive, delicious bottles can still be found in the US$15-to-US$20 range. https://www.businesstimes.com.sg/international/asean/stt-gdc-expands-jakarta-data-centre-campus-tap-indonesias-growing-ai-needs The Business Times en 2026-06-10T20:05:01+08:00 STT GDC expands Jakarta data centre campus to tap Indonesia’s growing AI needs https://cassette.sphdigital.com.sg/image/businesstimes/947995e308945c2e7df47b851b434de231455909f15d0fa5241f982473f5d72f Above: Artist impression of STT GDC 2 and 3. An artist's impression of STT Jakarta 2 and 3. STT Jakarta 3 is designed to meet energy-efficiency benchmarks aligned with recognised green-financing frameworks. https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysia-palm-reserves-jump-most-five-months-after-sharp-drop-exports The Business Times en 2026-06-10T19:37:24+08:00 Malaysia palm reserves jump most in five months after sharp drop in exports https://cassette.sphdigital.com.sg/image/businesstimes/f1565ca19fc7982bed22cb6cb0679f93b6601115a2459226f488b35cbb55b637 Competition in the palm-oil sector between the two neighbouring countries may intensify in the coming months as Indonesia tightens export controls. Competition in the palm oil sector between the two neighbouring countries may intensify in the coming months as Indonesia tightens export controls. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-102 The Business Times en 2026-06-10T18:55:07+08:00 Daily Debrief: What Happened Today (Jun 10) https://cassette.sphdigital.com.sg/image/businesstimes/76d0b99ea8be43e039b4eede0170595e9b57d7ac0d2f49cc985869fe264cfaca CICT sees “good potential” in Paragon and is taking a longer-term view of the acquisition, says the chairperson of the manager. CICT sees “good potential” in Paragon and is taking a longer-term view of the acquisition, says the chairperson of the manager. https://www.businesstimes.com.sg/property/cicts-s3-9-billion-paragon-buy-draws-scrutiny-over-timing-funding-egm The Business Times en 2026-06-10T18:47:53+08:00 CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM https://cassette.sphdigital.com.sg/image/businesstimes/76d0b99ea8be43e039b4eede0170595e9b57d7ac0d2f49cc985869fe264cfaca Unitholders voted overwhelmingly in favour of CapitaLand Integrated Commercial Trust's S$3.9 billion acquisition of Paragon on Wednesday (Jun 10). CICT sees “good potential” in Paragon and is taking a longer-term view of the acquisition, says the chairperson of the manager. https://www.businesstimes.com.sg/international/half-americans-fear-ai-could-put-someone-their-household-out-work-reutersipsos-poll The Business Times en 2026-06-10T18:40:21+08:00 Half of Americans fear AI could put someone in their household out of work: Reuters/Ipsos poll https://cassette.sphdigital.com.sg/image/businesstimes/56d8f308705a879f5fe2f9c3ea5f147bedee4d3b588135a834535d73320ec8ac Some 73 per cent of Americans polled said they were worried about increased use of AI. Some 73 per cent of Americans polled said they were worried about increased use of AI. https://www.businesstimes.com.sg/singapore/applied-materials-boosts-singapore-manufacturing-operations-us500-million-campus-meet-ai-chip-demand The Business Times en 2026-06-10T18:10:16+08:00 Applied Materials boosts Singapore manufacturing operations with US$500 million campus to meet AI chip demand https://cassette.sphdigital.com.sg/image/businesstimes/460df1a2b46de244dd6ed6363e7fbcfc70bbddb2074c8983dc73174d5721b0bf From left: Applied Materials regional vice-president Brian Tan; EDB chairman Png Cheong Boon; Applied Materials president and CEO Gary Dickerson; DPM Gan Kim Yong; Applied Materials board chairman Thomas Iannotti; JTC CEO Jacqueline Poh; and Applied Materials group vice-president and head of worldwide manufacturing KC Ong, at the opening of Applied Materials' Tampines campus in Singapore on Jun 10, 2026. DPM Gan Kim Yong (fourth from left) with Applied Materials CEO Gary Dickerson (third from left) at the Tampines campus' opening. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-governor-ueda-hospitalised-will-miss-june-meeting The Business Times en 2026-06-10T18:06:45+08:00 Bank of Japan governor Ueda hospitalised, will miss June meeting https://cassette.sphdigital.com.sg/image/businesstimes/6fb7e74f0975b84fe36f59a2570c0e8dbed1e111a93763982ac91661d239e7fc Kazuo Ueda is expected to remain in hospital for about two weeks. Kazuo Ueda is expected to remain in hospital for about two weeks. https://www.businesstimes.com.sg/companies-markets/bank-singapore-taps-veteran-banker-lim-leong-guan-lead-dubai-franchise The Business Times en 2026-06-10T18:01:10+08:00 Bank of Singapore taps veteran banker Lim Leong Guan to lead Dubai franchise https://cassette.sphdigital.com.sg/image/businesstimes/b236dfaf046c63b3d1cb73d23bf72010a9fcf0ab2a8b07e7c8b1429015448cf0 Lim Leong Guan joined BOS in 2020 and currently serves as global head of financial intermediaries, family office and wealth advisory. Lim Leong Guan joined BOS in 2020 and is currently global head of financial intermediaries, family office and wealth advisory. https://www.businesstimes.com.sg/opinion-features/spacex-ipo-proves-us-stock-market-broken The Business Times en 2026-06-10T18:00:00+08:00 The SpaceX IPO proves the US stock market is broken https://cassette.sphdigital.com.sg/image/businesstimes/b58fa5bceabaf1c8c4434e77cafa58c1adad261b14a92b4deec378b7d1cdca8a SpaceX is targeting a US$1.75 trillion valuation, which will make it one of the 10 most valuable companies in the world. SpaceX is targeting a US$1.75 trillion valuation, which will make it one of the 10 most valuable companies in the world. https://www.businesstimes.com.sg/international/asean/philippines-vietnam-us10-billion-trade-push-risks-running-rice-politics The Business Times en 2026-06-10T17:37:01+08:00 Philippines-Vietnam US$10 billion trade push risks running into rice politics https://cassette.sphdigital.com.sg/image/businesstimes/fd588c60f4eaaf7e6ea9e829de26a11d64198da186181ed013185b04c259ac76 Vietnam has reached an agreement to sell 240,000 tonnes of rice to Malaysia, although the small volume and an eight-month loading schedule mean grain export prices will stay near multi-month lows, a state-run newspaper and traders said on Monday. Rice remains the centrepiece and a volatile variable of the Philippine-Vietnam relationship, as Manila relies heavily on Hanoi to ensure its national food security.  https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/south-koreas-sk-hynix-eyes-us-listing-soon-august-sources The Business Times en 2026-06-10T17:36:46+08:00 South Korea’s SK Hynix eyes US listing as soon as August: sources https://cassette.sphdigital.com.sg/image/businesstimes/44278e1e44b5c026b496ad529d8eb65af16ec7d01be1ecb235ed463e24763458 SK Hynix is one beneficiary of the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers. SK Hynix's share price has jumped 240% in 2026, and its market value has topped US$1 trillion since May. https://www.businesstimes.com.sg/singapore/phantom-cashier-tracing-journey-singapores-unmanned-stores The Business Times en 2026-06-10T17:30:00+08:00 The phantom cashier: Tracing the journey of Singapore’s unmanned stores https://cassette.sphdigital.com.sg/image/businesstimes/f4b34950249b866d3788ee04df8b05ddd0a961897cbb3da309543c940e176d71 Unmanned convenience store Unmanned convenience store https://www.businesstimes.com.sg/companies-markets/banking-finance/ant-international-considers-raising-us1-billion-boost-growth The Business Times en 2026-06-10T17:19:47+08:00 Ant International considers raising US$1 billion to boost growth https://cassette.sphdigital.com.sg/image/businesstimes/36aacde5cf5a4b04f062e4399b41e7166523cec7310822f52ce9ab319e203593 Ant Group has been investing in new technologies to tap fresh revenue streams, including large language models and humanoid robots. Ant Group has been investing in new technologies to tap fresh revenue streams, including large language models and humanoid robots. https://www.businesstimes.com.sg/international/asean/malaysia-says-it-seeking-new-sources-fuel-amid-energy-crunch The Business Times en 2026-06-10T17:13:35+08:00 Malaysia says it is seeking new sources of fuel amid energy crunch https://cassette.sphdigital.com.sg/image/businesstimes/e5f9a859153ca2784e47a9d7027eb87984f7e198814a0eb44d9818adea37021c Malaysia was looking to procure oil from African countries, Russia and Turkey, among others, Economy Minister Akmal Nasir told reporters. Malaysia was looking to procure oil from African countries, Russia and Turkey, among others, Economy Minister Akmal Nasir told reporters. https://www.businesstimes.com.sg/international/global/global-ai-debt-issuance-top-us500-billion-2026-morgan-stanley The Business Times en 2026-06-10T17:09:11+08:00 Global AI debt issuance to top US$500 billion in 2026: Morgan Stanley https://cassette.sphdigital.com.sg/image/businesstimes/56d8f308705a879f5fe2f9c3ea5f147bedee4d3b588135a834535d73320ec8ac Morgan Stanley estimates AI-related global debt issuance stood at nearly US$236 billion as of May 31, 2026, fourfold more than the same period last year. Morgan Stanley estimates AI-related global debt issuance stood at nearly US$236 billion as of May 31, 2026, fourfold more than the same period last year. https://www.businesstimes.com.sg/opinion-features/apple-handing-ai-power-its-rival-google The Business Times en 2026-06-10T17:00:00+08:00 Apple is handing AI power to its rival Google https://cassette.sphdigital.com.sg/image/businesstimes/9156fad75bd9ecdea280333a46a36cc03471ab44f842bff656b626166ba3e073 A presentation during Apple’s annual developers’ conference in Cupertino, California, on Jun 8. Apple will roll out the upgraded Siri, which uses technology from Google, along with a range of apps with more AI features, later this year. A presentation during Apple’s annual developers’ conference in Cupertino, California, on Jun 8. Apple will roll out the upgraded Siri, which uses technology from Google, along with a range of apps with more AI features, later this year. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/global-watchdog-calls-tighter-controls-agentic-ai-finance The Business Times en 2026-06-10T16:50:36+08:00 Global watchdog calls for tighter controls on agentic AI in finance https://cassette.sphdigital.com.sg/image/businesstimes/6db015d68ac14616e29a206beddbef9ab64bc690bc8dd7a720221321e272c8dc Agentic AI is already being used by financial firms for fraud detection, customer service and back-office functions. Agentic AI is already being used by financial firms for fraud detection, customer service and back-office functions. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-partners-reliance-first-india-ai-data-centre The Business Times en 2026-06-10T16:50:02+08:00 Meta partners with Reliance on first India AI data centre https://cassette.sphdigital.com.sg/image/businesstimes/679e3cbce8c5503c10fee63b410fb5ca23bb02d934f3359f683dc44cc92a1151 CEO Mark Zuckerberg says the facility will scale Meta's global AI infrastructure and deepen its long-term investment in India’s economy. CEO Mark Zuckerberg says the facility will scale Meta's global AI infrastructure and deepen its long-term investment in India’s economy. https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-central-bank-governor-touts-higher-bond-yields-investor-pitch The Business Times en 2026-06-10T16:40:31+08:00 Indonesia’s central bank governor touts higher bond yields in investor pitch https://cassette.sphdigital.com.sg/image/businesstimes/91ad4eeadfcb3daab06d9353c50e1c5aa9be76a899b853cc6c5ede881938e0d2 Bank Indonesia’s primary focus is the stability of the currency, governor Perry Warjiyo said. Bank Indonesia’s primary focus is the stability of the currency, governor Perry Warjiyo said. https://www.businesstimes.com.sg/international/indias-modi-trump-likely-meet-g7-discuss-trade-visas-source-says The Business Times en 2026-06-10T16:12:16+08:00 India’s Modi, Trump likely to meet at G7, discuss trade, visas, source says https://cassette.sphdigital.com.sg/image/businesstimes/220ff09ba3ffdc09e79df09894f2cea445c64da91e316c50ca13e41c7a0f1e5a File photo of US President Donald Trump and Indian Prime Minister Narendra Modi at the White House in Washington, DC, Feb 13, 2025. File photo of US President Donald Trump and Indian Prime Minister Narendra Modi at the White House in Washington, DC, Feb 13, 2025. https://www.businesstimes.com.sg/international/china-taps-commercial-oil-stockpiles-help-weather-gulf-shock The Business Times en 2026-06-10T16:04:12+08:00 China taps commercial oil stockpiles to help weather Gulf shock https://cassette.sphdigital.com.sg/image/businesstimes/84821bf08e6ff8fb1b265fddf208b23f86f7485af9de2132ef921c54b329f5aa The estimated number of inventory draws comes up to about a third of the crude that China is no longer receiving since the conflict led to the near-total closure of the Strait of Hormuz. The estimated number of inventory draws comes up to about a third of the crude that China is no longer receiving since the conflict led to the near-total closure of the Strait of Hormuz. https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-dollar-carry-trade-appeal-dims-funding-costs-climb The Business Times en 2026-06-10T15:57:20+08:00 Hong Kong dollar carry trade appeal dims as funding costs climb https://cassette.sphdigital.com.sg/image/businesstimes/13a7eb86e454bf8d0954c67882b6588512028def6e1c7236779fd583ca483269 Hong Kong five-hundred, one-hundred and twenty-dollar banknotes in Hong Kong, China. Photographer: Paul Yeung/Bloomberg Carry trades have pushed the Hong Kong dollar towards the weak end of its 7.75-to-7.85 band versus the US dollar.