https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nasdaq-ends-down-chipmakers-fall-and-bank-earnings-roll The Business Times en 2026-10-14T05:53:50+08:00 Nasdaq ends down as chipmakers fall and bank earnings roll in https://cassette.sphdigital.com.sg/image/businesstimes/54b3e1baf74adcd0fe0bfceb5274b0084f4b47df3ef9fbee87c7433229f25ef5 Analysts on average see S&P 500 third quarter earnings surging over 30%, fuelled largely by AI-related technology companies, according to LSEG data. Analysts on average see S&P 500 third quarter earnings surging over 30%, fuelled largely by AI-related technology companies, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-unveils-new-smart-home-products-showcasing-updated-siri-ai The Business Times en 2026-10-13T22:26:36+08:00 Apple unveils new smart home products, showcasing updated Siri AI https://cassette.sphdigital.com.sg/image/businesstimes/18e75756381802aacdfbafc1fbeea33366caf7b9967179ad414149111b8a1f9b The Apple HomeView, an iPad-like device that showcases an AI-upgraded Siri virtual assistant, during its launch in New York City, US, Oct 13, 2026. The Apple HomeView, an iPad-like device that showcases an AI-upgraded Siri virtual assistant, during its launch in New York City, US, Oct 13, 2026. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-sp-500-opens-lower-after-bank-earnings-chips-weigh The Business Times en 2026-10-13T21:47:46+08:00 US stocks: S&P 500 opens lower after bank earnings; chips weigh https://cassette.sphdigital.com.sg/image/businesstimes/2d5047eae37adf043ba86bfecc2060296b3cb4de28c47adcc9c49caec93f412d The Dow Jones Industrial Average rose 242.4 points, or 0.47 per cent, at the open to 52,092.99. The Dow Jones Industrial Average rose 242.4 points, or 0.47 per cent, at the open to 52,092.99. https://www.businesstimes.com.sg/companies-markets/banking-finance/goldmans-equity-traders-post-big-haul-credit-rates-miss The Business Times en 2026-10-13T21:34:46+08:00 Goldman’s equity traders post big haul as credit, rates miss https://cassette.sphdigital.com.sg/image/businesstimes/5cbd2abdf5463d61556d04c8c4f09b09958b29ba3cf9c0116e0cda3c7411744f Goldman shares rose more than 3 per cent at 7.49 am in early New York trading on Tuesday. Goldman shares rose more than 3 per cent at 7.49 am in early New York trading on Tuesday. https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-posts-surprise-drop-fixed-income-trading-revenue The Business Times en 2026-10-13T21:06:49+08:00 JPMorgan posts surprise drop in fixed-income trading revenue https://cassette.sphdigital.com.sg/image/businesstimes/f425da76c3ccb1e673c25c959be64170e6b51c9b5e9b7dff5ef411727d56e33b The shares, up 3.8 per cent this year through Monday, rose 1 per cent in early New York trading on Tuesday. The shares, up 3.8 per cent this year through Monday, rose 1 per cent in early New York trading on Tuesday. https://www.businesstimes.com.sg/companies-markets/banking-finance/citi-profit-jumps-40-higher-investment-banking-services-and-wealth-revenue The Business Times en 2026-10-13T20:43:16+08:00 Citi profit jumps 40% with higher investment banking, services and wealth revenue https://cassette.sphdigital.com.sg/image/businesstimes/3939fcc134c8d62bea4d90c219ce30080aa9cca44a110c8b7afcc4d036f8a409 Citi is nearing the end of a multi-year restructuring. Citi is nearing the end of a multi-year restructuring. https://www.businesstimes.com.sg/international/greenback-slips-oil-prices-geopolitical-risks-seen-easing-midterms?ai-allowed=1 The Business Times en 2026-10-13T20:12:59+08:00 Greenback slips with oil prices, geopolitical risks seen easing before midterms https://cassette.sphdigital.com.sg/image/businesstimes/373b0f83c86e27c8f0d28ea503aa5822cf7f05bb4983ff5d1e3f396a47e76c4d Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders weighed the prospect of additional diesel supplies from Russia. Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders weighed the prospect of additional diesel supplies from Russia. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/cracks-grow-across-ai-trade-memory-chip-stocks-tumble The Business Times en 2026-10-13T20:11:25+08:00 Cracks grow across the AI trade as memory-chip stocks tumble https://cassette.sphdigital.com.sg/image/businesstimes/bb2096ca03603ff7780bc34d503fed041057566ee8f444471f58eb37f76113f7 Shares tied to the AI boom have been hit as concerns such as intensifying competition from China and rising Interest rates. Shares tied to the AI boom have been hit as concerns such as intensifying competition from China and rising Interest rates. https://www.businesstimes.com.sg/singapore/smes/imda-expands-digital-support-smes?ai-allowed=1 The Business Times en 2026-10-13T19:51:43+08:00 IMDA expands digital support for SMEs https://cassette.sphdigital.com.sg/image/businesstimes/1c1b5852a038523640c53b57fa9cc69bf5a422dfb69903731240c2df54118543 Singapore’s Minister for Digital Development and Information Josephine Teo delivering the ministerial keynote at SMEs Go Digital Day on Tuesday (Oct 13). Minister for Digital Development and Information Josephine Teo says SMEs must consider whether AI tools can support human activities, with an eye towards “practical, purposeful and meaningful” adoption. https://www.businesstimes.com.sg/companies-markets/blackstone-backed-airtrunk-delays-singapore-reit-ipo-amid-ai-stock-sell-sources-say The Business Times en 2026-10-13T19:31:25+08:00 Blackstone-backed AirTrunk delays Singapore Reit IPO amid AI stock sell-off, sources say https://cassette.sphdigital.com.sg/image/businesstimes/7dd7eb7b37245145f546f89446dcac21acf69b7a87b0eceb9abf34b8100396ad The Reit was expected to be valued at about US$15 billion. The Reit was expected to be valued at about US$15 billion. https://www.businesstimes.com.sg/international/asean/trouble-paradise-bali-runs-low-fuel-sparking-long-lines-pumps?ai-allowed=1 The Business Times en 2026-10-13T19:18:49+08:00 Trouble in paradise: Bali runs low on fuel, sparking long lines at pumps https://cassette.sphdigital.com.sg/image/businesstimes/74b2b148fd22c53b42faf7ddc5890f8329e37d738940e7172d633341d70a5576 Motorcyclists queue to refuel at a gas station in Denpasar, Bali, Indonesia, Oct 13. Lines of motorcycles and cars spilled onto Bali’s public roads, disrupting traffic, with some motorists forced to push their vehicles after running out of fuel. https://www.businesstimes.com.sg/international/us-small-business-optimism-falls-dimmer-economic-outlook The Business Times en 2026-10-13T19:03:44+08:00 US small-business optimism falls on dimmer economic outlook https://cassette.sphdigital.com.sg/image/businesstimes/c42bb6fac878bc8e0609fc2ea562edf2b85a1bba721ca61f53fdc390725358f1 The National Federation of Independent Business index slipped 0.8 point to 97.9, according to data. The National Federation of Independent Business index slipped 0.8 point to 97.9, according to data. https://www.businesstimes.com.sg/companies-markets/private-banks-intensify-efforts-build-singapore-talent-bench-wealth-sector-booms?ai-allowed=1 The Business Times en 2026-10-13T18:45:36+08:00 Private banks intensify efforts to build Singapore talent bench as wealth sector booms https://cassette.sphdigital.com.sg/image/businesstimes/9168db067503b59bba5bce545f50cb1bbc812fa2f0535218c403b8ae8f973e1f The expansion comes as banks grapple with a finite pool of experienced private bankers. The expansion comes as banks grapple with a finite pool of experienced private bankers. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-oct-131?ai-allowed=1 The Business Times en 2026-10-13T18:45:00+08:00 Daily Debrief: What Happened Today (Oct 13) https://cassette.sphdigital.com.sg/image/businesstimes/b92ceebb21aa1b53f829bf0210a6b4bb7eefb49ce18d7443725ae7624e922a3c The Private Family Society, co-founded by Sean Tan (left) and Anupum Khaitan, is an invitation-only community for family offices in the Asia-Pacific. The Private Family Society, co-founded by Sean Tan (left) and Anupum Khaitan, is an invitation-only community for family offices in the Asia-Pacific. https://www.businesstimes.com.sg/companies-markets/transport-logistics/malaysias-firefly-extends-seletar-subang-flight-cancellations?ai-allowed=1 The Business Times en 2026-10-13T18:25:00+08:00 Malaysia’s Firefly extends Seletar-Subang flight cancellations https://cassette.sphdigital.com.sg/image/businesstimes/821a7a668f2d843ac6a83b00ce48580bc445e90cc694828bcb4a2e0da717e6af A plane of Firefly, a Malaysian airline. Firefly has extended its cancellation of flights on the Subang-Seletar route to Oct 14. The further extension of Firefly’s service cancellations comes as Singapore is blanketed by smoke haze from forest fires in the region. https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-0-3-tuesday-jardine-matheson-banks-gain?ai-allowed=1 The Business Times en 2026-10-13T18:18:05+08:00 Singapore shares rise 0.3% on Tuesday as Jardine Matheson, banks gain https://cassette.sphdigital.com.sg/image/businesstimes/2f83e9becbc25e5f2e845175e4994eb26e098f6c0aace6a9b2f23742f44317b5 Across the broader market, losers outnumbered gainers 338 to 217, with 992.7 million securities worth S$1.9 billion changing hands. Across the broader market, losers outnumbered gainers 338 to 217, with 992.7 million securities worth S$1.9 billion changing hands. https://www.businesstimes.com.sg/wealth/wealth-investing/markets-can-absorb-current-yields-which-are-still-pretty-normal-says-franklin-templeton-ceo?ai-allowed=1 The Business Times en 2026-10-13T17:55:31+08:00 Markets can absorb current yields which are still ‘pretty normal’, says Franklin Templeton CEO https://cassette.sphdigital.com.sg/image/businesstimes/cdeedd6a8516207203ea57befd930de782678ec8d17e09a29f96faa046318722 Jenny Johnson, president and CEO of Franklin Templeton, says the company is committed to widening access to private assets among private-wealth and long-term retirement investors. Jenny Johnson, president and CEO of Franklin Templeton, says the company is committed to widening access to private assets among private-wealth and long-term retirement investors. https://www.businesstimes.com.sg/esg/singapore-lithium-battery-recycling-startup-neu-battery-materials-raises-us7-6-million?ai-allowed=1 The Business Times en 2026-10-13T17:48:30+08:00 Singapore lithium battery recycling startup Neu Battery Materials raises US$7.6 million https://cassette.sphdigital.com.sg/image/businesstimes/d78c5e00f163eb18e73324a94c17aa20a316d10db5a084c4ed8fb7a2a28f2737 Neu Battery Materials’ co-founder and CEO Bryan Oh (left), with co-founder Kenneth Palmer. Oh expects the funding to help the company scale its technology. Neu Battery Materials’ co-founder and CEO Bryan Oh (left), with co-founder Kenneth Palmer. Oh expects the funding to help the company scale its technology. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-rolls-out-new-phones-and-smart-home-devices-revive-pricey-stock The Business Times en 2026-10-13T17:34:12+08:00 Apple rolls out new phones and smart home devices to revive pricey stock https://cassette.sphdigital.com.sg/image/businesstimes/d600593be756a6509c33e5cc51f8f826e96b9e886a4d552720a86497d47b4317 Apple’s stock has been flat in the months since late July. Apple’s stock has been flat in the months since late July. https://www.businesstimes.com.sg/international/hackers-heat-french-supermarket-fridges-sparking-fires-and-spoiling-food The Business Times en 2026-10-13T17:25:43+08:00 Hackers heat French supermarket fridges, sparking fires and spoiling food https://cassette.sphdigital.com.sg/image/businesstimes/dc759bef425ba75a978cb6485ec4cadf6b9792785c46689393e14def9b0f6852 Les Mousquetaires, owner of retailer Intermarche, said that fridges at around 150 of its stores were heated up to 50 deg C for six hours overnight. A spokesperson said that all affected food had been discarded. Les Mousquetaires, owner of retailer Intermarche, said that fridges at around 150 of its stores were heated up to 50 deg C for six hours overnight. A spokesperson said that all affected food had been discarded. https://www.businesstimes.com.sg/singapore/business-judgement-ai-proficiency-key-cyber-defender-roles-evolve-new-professional-standards-being The Business Times en 2026-10-13T17:05:41+08:00 Business judgement, AI proficiency key as cyber defender roles evolve; new professional standards being developed https://cassette.sphdigital.com.sg/image/businesstimes/f3d50b3839a73e1f28780a4e9a41ee06d90ff2c64da545cfccbae2b102fbf7e4 Senior Minister of State for Digital Development and Information Tan Kiat How announced the Cybersecurity Professional Accreditation Framework at the Singapore International Cyber Week on Oct 13. Senior Minister of State for Digital Development and Information Tan Kiat How announced the Cybersecurity Professional Accreditation Framework at the Singapore International Cyber Week on Oct 13. https://www.businesstimes.com.sg/property/city-plaza-owners-private-talks-after-close-s970-million-en-bloc-tender?ai-allowed=1 The Business Times en 2026-10-13T17:04:26+08:00 City Plaza owners in private talks after close of S$970 million en bloc tender https://cassette.sphdigital.com.sg/image/businesstimes/6ceea83e278704496b982ea5a668f39226b6992fec7a1b069636ced87feee25c City Plaza is a freehold development located close to Paya Lebar MRT station. City Plaza is a freehold development located close to Paya Lebar MRT station. https://www.businesstimes.com.sg/lifestyle/hundreds-queue-hong-kong-glimpse-van-gogh-painting-unseen-public-60-years The Business Times en 2026-10-13T16:41:13+08:00 Hundreds queue in Hong Kong to glimpse Van Gogh painting unseen in public for 60 years https://cassette.sphdigital.com.sg/image/businesstimes/5ffbbf30153703df57e837c0ead47aa39423f429a249d06d255bf119a87665aa Visitors look at Vincent van Gogh’s “Chataigniers en fleurs” (Chestnut Trees in Blossom), on display ahead of its auction in New York, at Sotheby’s in Hong Kong, China, October 13, 2026. Châtaigniers en fleurs is poised to set a new auction record for a Van Gogh work, says Sotheby’s Scott Niichel. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-edge-higher-lower-oil-prices-lift-sentiment The Business Times en 2026-10-13T16:20:17+08:00 European shares edge higher as lower oil prices lift sentiment https://cassette.sphdigital.com.sg/image/businesstimes/f75950ca06c034ebfe74e6c3ae184fd425cb257390b26184c60177b1b3633e77 The Stoxx 600 edged 0.44 per cent higher to 638.44 points by 0714 GMT on Tuesday. The Stoxx 600 edged 0.44 per cent higher to 638.44 points by 0714 GMT on Tuesday. https://www.businesstimes.com.sg/property/beauty-world-plaza-collective-sale-s165-million?ai-allowed=1 The Business Times en 2026-10-13T16:11:20+08:00 Beauty World Plaza up for collective sale for S$165 million https://cassette.sphdigital.com.sg/image/businesstimes/3927983725256ad0e84cf0e4e5800080abd08b61cdec76c6a282a70e4cf6ee4d The eight-storey Beauty World Plaza sits on a 24,817 square foot site in Bukit Timah, on the doorstep of the Beauty World MRT station. The eight-storey Beauty World Plaza sits on a 24,817 square foot site in Bukit Timah, on the doorstep of the Beauty World MRT station. https://www.businesstimes.com.sg/international/global/indias-rupee-recovery-faces-test-oil-prices-capital-outflows?ai-allowed=1 The Business Times en 2026-10-13T16:10:44+08:00 India’s rupee recovery faces test from oil prices, capital outflows https://cassette.sphdigital.com.sg/image/businesstimes/afa96efec2a895cea2f55f57684af32f0ab9518319471b165fda5ab484ccda21 Supplying US dollars to oil companies uses up reserves, but could mean the RBI has to sell fewer dollars in the spot market to support the rupee. Supplying US dollars to oil companies uses up reserves, but could mean the RBI has to sell fewer dollars in the spot market to support the rupee. https://www.businesstimes.com.sg/international/global/business-preventing-haze-demands-more-stakeholders The Business Times en 2026-10-13T16:09:05+08:00 The business of preventing haze demands more from stakeholders https://cassette.sphdigital.com.sg/image/businesstimes/2b9f33e19553cb606121d19e307b6f79a940fba4f42c2ecafb1f7c7aaa075ddd Haze is not only an environmental and public health problem with economic consequences; it is also a business risk. Haze is not only an environmental and public health problem with economic consequences; it is also a business risk. https://www.businesstimes.com.sg/international/saudi-warning-system-stayed-silent-deadly-airport-attacks The Business Times en 2026-10-13T16:04:53+08:00 Saudi warning system stayed silent before deadly airport attacks https://cassette.sphdigital.com.sg/image/businesstimes/2801f8b63e50ccbc3faeaf937267da330f5d12e6ef76924836d55dd7231ca7d3 Surveillance footage shows smoke and fire at the moment of an attack at King Khalid International Airport in Riyadh, Saudi Arabia, Oct 10, 2026. Surveillance footage shows smoke and fire at the moment of an attack at King Khalid International Airport in Riyadh, Saudi Arabia, Oct 10, 2026. https://www.businesstimes.com.sg/companies-markets/family-offices-kept-captive-relationship-managers-turn-independent-advisers-direct-deals?ai-allowed=1 The Business Times en 2026-10-13T16:00:00+08:00 Family offices ‘kept captive’ by relationship managers turn to independent advisers, direct deals https://cassette.sphdigital.com.sg/image/businesstimes/b92ceebb21aa1b53f829bf0210a6b4bb7eefb49ce18d7443725ae7624e922a3c The Private Family Society, co-founded by Sean Tan (left) and Anupum Khaitan, is an invitation-only community for family offices in the Asia-Pacific. The Private Family Society, co-founded by Sean Tan (left) and Anupum Khaitan, is an invitation-only community for family offices in the Asia-Pacific. https://www.businesstimes.com.sg/lifestyle/europes-carmakers-turn-back-time-rival-chinese-evs The Business Times en 2026-10-13T15:56:27+08:00 Europe’s carmakers turn back time to rival Chinese EVs https://cassette.sphdigital.com.sg/image/businesstimes/6a4ec9b944e73935ecea1fd214de4a707775293f15cfa6b180163c18ae607e8d The new electric Citroen 2CV concept car is displayed at the 2026 Paris Motor Show in Paris, France. Stellantis has unveiled an electric version of Citroen’s iconic 2CV. https://www.businesstimes.com.sg/companies-markets/banking-finance/australia-central-bank-saw-upside-risks-inflation-lingering-after-september-rate-hike The Business Times en 2026-10-13T15:43:59+08:00 Australia central bank saw upside risks to inflation lingering after September rate hike https://cassette.sphdigital.com.sg/image/businesstimes/1be9dc015d449f4f0fdea89425bfdbea35ffa5dce31d2d37feaf478899027f5d The board only “briefly” considered holding interest rates steady, before unanimously voting to hike to 4.6 per cent. The board only “briefly” considered holding interest rates steady, before unanimously voting to hike to 4.6 per cent. https://www.businesstimes.com.sg/wealth/wealth-investing/should-you-sell-your-losers-when-market-dips The Business Times en 2026-10-13T15:41:30+08:00 Should you sell your losers when the market dips? https://cassette.sphdigital.com.sg/image/businesstimes/ddf6e7779e1aed2e938f778ef81774ae48ae4cd144ae13d30c7c41d4e49a6e38 The three local banks’ share prices may have dipped recently, but nothing has changed in the financial figures they reported in August. The three local banks’ share prices may have dipped recently, but nothing has changed in the financial figures they reported in August. https://www.businesstimes.com.sg/wealth/wealth-investing/good-yield-hunting-building-resilient-portfolios The Business Times en 2026-10-13T15:13:04+08:00 Good yield hunting: Building resilient portfolios https://cassette.sphdigital.com.sg/image/businesstimes/c19f86a32e202ae8f75e79a58a867890c97e1b092a9a997fd70eb9b0894b1401 Rising rates can pose inherent risks for global financial conditions, and affect companies that are vulnerable to higher costs of capital and rate volatility. Rising rates can pose inherent risks for global financial conditions, and affect companies that are vulnerable to higher costs of capital and rate volatility. https://www.businesstimes.com.sg/opinion-features/starbucks-can-sell-china-not-china-risk The Business Times en 2026-10-13T15:00:00+08:00 Starbucks can sell China, not the China risk https://cassette.sphdigital.com.sg/image/businesstimes/3e4885854edc070eb422c4968b88edfc0a6902a25a0fa4785c2b820830cec6ef There is a limit on how much distance Starbucks can put between itself and its Chinese operations as it still owns 40% of the business. There is a limit on how much distance Starbucks can put between itself and its Chinese operations as it still owns 40% of the business. https://www.businesstimes.com.sg/international/japans-wholesale-inflation-remains-elevated-keeps-alive-boj-rate-hike-view The Business Times en 2026-10-13T14:59:14+08:00 Japan’s wholesale inflation remains elevated, keeps alive BOJ rate-hike view https://cassette.sphdigital.com.sg/image/businesstimes/013fe824f7f77e75e2ce77a3862f6ed02a59638c78cc285beaef323fded55597 A wide range of goods recorded price rises, including processed food, electric machinery and telecommunications equipment, data showed. A wide range of goods recorded price rises, including processed food, electric machinery and telecommunications equipment, data showed. https://www.businesstimes.com.sg/companies-markets/banking-finance/visa-approved-prepare-domestic-payments-business-china The Business Times en 2026-10-13T14:44:46+08:00 Visa approved to prepare domestic payments business in China https://cassette.sphdigital.com.sg/image/businesstimes/70fcc4b19fccdf2b6f774c7fdae7349bd888c4de0e380965702d8b2acc15108c Visa applied for the license in 2017. Visa applied for the license in 2017. https://www.businesstimes.com.sg/wealth/wealth-investing/wisdom-prediction-markets The Business Times en 2026-10-13T14:42:11+08:00 The wisdom of prediction markets https://cassette.sphdigital.com.sg/image/businesstimes/52d0e18fc9f637362076ba91e6475169405ea5b034f510068b5aeba343ea7609 Prediction markets are very well calibrated as measured by the relationship between the implied probability and the outcome.  Prediction markets are very well calibrated as measured by the relationship between the implied probability and the outcome.  https://www.businesstimes.com.sg/international/global/imf-cites-ai-slowdown-spiking-yields-looming-global-market-risks The Business Times en 2026-10-13T14:17:22+08:00 IMF cites AI slowdown, spiking yields as looming global market risks https://cassette.sphdigital.com.sg/image/businesstimes/d51d363cb77865eee37231999de403e8f34841c85131565a601d1c991611eeb1 Athanasios Vamvakidis, deputy director in the IMF’s monetary and capital markets department, said while global risk sentiment was very strong, underpinned by solid earnings and optimism about AI, such “resilience is not necessarily safety”.  Athanasios Vamvakidis, deputy director in the IMF’s monetary and capital markets department, said while global risk sentiment was very strong, underpinned by solid earnings and optimism about AI, such “resilience is not necessarily safety”.  https://www.businesstimes.com.sg/international/asean/vietnams-race-growth-tests-pace-energy-transition-experts?ai-allowed=1 The Business Times en 2026-10-13T14:09:30+08:00 Vietnam’s race for growth tests pace of energy transition: experts https://cassette.sphdigital.com.sg/image/businesstimes/24c71ce4cbf1726cfd41a128927c33e2f41a9cd6fac8324cea2d7d262cf89ae0 Attendees at the inaugural Quy Nhon Dialogue on Climate and Transitions, which took place from Oct 10 to 11 in Vietnam’s central province of Binh Dinh. Attendees at the inaugural Quy Nhon Dialogue on Climate and Transitions, which took place from Oct 10 to 11 in Vietnam’s central province of Binh Dinh. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ai-models-may-soon-self-replicate-without-access-data-centres-anthropic-warns The Business Times en 2026-10-13T13:55:53+08:00 AI models may soon self-replicate without access to data centres, Anthropic warns https://cassette.sphdigital.com.sg/image/businesstimes/7137a6c675ed89a496c0c511a5c837c68dbb71862467ba749daf8015d9780859 Anthropic warned that if small models improved at their rate, they would be able to autonomously replicate by the end of this year. Anthropic warned that if small models improved at their rate, they would be able to autonomously replicate by the end of this year. https://www.businesstimes.com.sg/international/trump-says-he-does-not-believe-russia-and-china-are-helping-iran-they-have-too-much-lose The Business Times en 2026-10-13T13:14:51+08:00 Trump says he does not believe Russia and China are helping Iran as they have ‘too much to lose’ https://cassette.sphdigital.com.sg/image/businesstimes/305b5e3e08c8a5717844a8a78ccccd9cc3ecf5651af3098e5bf5fe30c89cc4e6 China and Russia have maintained close ties with Iran for decades but have denied providing arms assistance to Teheran in its conflict with the US. China and Russia have maintained close ties with Iran for decades but have denied providing arms assistance to Teheran in its conflict with the US. https://www.businesstimes.com.sg/international/asean/thailand-eyes-us30-departure-tax-tourists-revenue-push The Business Times en 2026-10-13T13:01:53+08:00 Thailand eyes US$30 departure tax for tourists in revenue push https://cassette.sphdigital.com.sg/image/businesstimes/a31e5c9fc16ed400a09f1f4d4fc427aa2628532d3027b0fcfd68a8b8cc963950 The government is considering an outbound tax of about 1,000 baht on Thai and foreign travellers leaving the country. The government is considering an outbound tax of about 1,000 baht on Thai and foreign travellers leaving the country. https://www.businesstimes.com.sg/singapore/singapore-healthcare-system-outage-services-fully-restored-investigations-ongoing?ai-allowed=1 The Business Times en 2026-10-13T12:45:31+08:00 Singapore healthcare system outage: Services fully restored, investigations ongoing https://cassette.sphdigital.com.sg/image/businesstimes/397a486b784e7a11cf6b8703753bf284d2b42d85fc53f74cd68f251993ee00d5 NHG Health said in a Facebook post at about 9 am that call services across its cluster are “temporarily unavailable”. NHG Health said in a Facebook post at about 9 am that call services across its cluster are “temporarily unavailable”. https://www.businesstimes.com.sg/international/asean/thai-migrant-labour-crunch-leaves-fruit-rotting-jobs-unfilled The Business Times en 2026-10-13T12:14:40+08:00 Thai migrant labour crunch leaves fruit rotting, jobs unfilled https://cassette.sphdigital.com.sg/image/businesstimes/24fe061e9cf6efcb793907a823543b6df7cf9e5e4e97c1d3491550a03ef75c84 A border dispute with Cambodia prompted many Cambodians to leave Thailand, while political turmoil in Myanmar makes hiring workers from the country slower. A border dispute with Cambodia prompted many Cambodians to leave Thailand, while political turmoil in Myanmar makes hiring workers from the country slower. https://www.businesstimes.com.sg/opinion-features/new-eesg-playbook-where-energy-economic-imperative The Business Times en 2026-10-13T12:00:00+08:00 The new EESG playbook: Where energy is an economic imperative https://cassette.sphdigital.com.sg/image/businesstimes/eb8c5e01605e5d86805e8eb13ee15a6b2e3a3ebece3d49c5a9afeeb0ee17335f Renewable energy is not just about getting a “green badge” for reducing emissions; it is also about hedging against energy prices. Renewable energy is not just about getting a “green badge” for reducing emissions; it is also about hedging against energy prices. https://www.businesstimes.com.sg/companies-markets/banking-finance/cgsi-upgrades-dbs-add-raises-target-price-s79-50?ai-allowed=1 The Business Times en 2026-10-13T11:59:18+08:00 CGSI upgrades DBS to ‘add’, raises target price to S$79.50 https://cassette.sphdigital.com.sg/image/businesstimes/5859dbc581cf480584bcd4688d5a68a8e5cf9c2da4467f1a102ed286337e1830 At DBS’ Friday closing price of S$73.36, the revised target price implies a potential upside of 8.4%.  At DBS’ Friday closing price of S$73.36, the revised target price implies a potential upside of 8.4%.  https://www.businesstimes.com.sg/property/balestier-regency-makes-another-en-bloc-bid-s255-million?ai-allowed=1 The Business Times en 2026-10-13T11:50:16+08:00 Balestier Regency makes another en bloc bid at S$255 million https://cassette.sphdigital.com.sg/image/businesstimes/5ae27f063ab234c82fa5055793384ad0ed098f96b223a40aad08558ddbf1c534 After factoring in the land betterment charge and bonus gross floor area for balconies, the effective land rate for Balestier Regency is about S$1,437 psf ppr. After factoring in the land betterment charge and bonus gross floor area for balconies, the effective land rate for Balestier Regency is about S$1,437 psf ppr. https://www.businesstimes.com.sg/international/asean/dayones-johor-data-centre-project-gets-rm15-billion-boost-financing-seven-lenders?ai-allowed=1 The Business Times en 2026-10-13T11:19:33+08:00 DayOne’s Johor data centre project gets RM15 billion boost in financing from seven lenders https://cassette.sphdigital.com.sg/image/businesstimes/f5b1670a1d0fcb19090571f93f6356c5b91edbb39bee42a355506385fcbb64b2 DayOne has expanded its footprint across Asia and Europe since it was established in 2022, in countries such as Singapore, Malaysia and Spain. DayOne has expanded its footprint across Asia and Europe since it was established in 2022, in countries such as Singapore, Malaysia and Spain. https://www.businesstimes.com.sg/companies-markets/energy-commodities/malaysian-king-buys-stake-singapore-listed-mining-firm-expanding-rare-earths The Business Times en 2026-10-13T10:38:00+08:00 Malaysian king buys stake in Singapore-listed mining firm expanding into rare earths https://cassette.sphdigital.com.sg/image/businesstimes/8f5e07fe434011b8b78183a66463618378fed9fcc25cfd8473a78ed552146548 Sultan Ibrahim Iskandar’s S$6.1 million purchase comes as the iron ore producer expands its presence in Malaysia’s rare earths industry. Sultan Ibrahim Iskandar’s S$6.1 million purchase comes as the iron ore producer expands its presence in Malaysia’s rare earths industry. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/aem-shares-down-8-global-chip-stocks-slide?ai-allowed=1 The Business Times en 2026-10-13T10:19:19+08:00 AEM shares down 8% as global chip stocks slide https://cassette.sphdigital.com.sg/image/businesstimes/26dfd6b9e84d663ac734eba1332afeaccc9ea8ed12178d838c2b38dcd81568f8 AEM’s fall mirrors a drop in global chip stocks, including those in Asia. AEM’s fall mirrors a drop in global chip stocks, including those in Asia. https://www.businesstimes.com.sg/international/australias-corporate-regulator-share-big-four-surveillance-findings-after-kpmg-scandal The Business Times en 2026-10-13T10:12:48+08:00 Australia’s corporate regulator to share Big Four surveillance findings after KPMG scandal https://cassette.sphdigital.com.sg/image/businesstimes/ad1d1469cabebd9bc37557b1d47830ce31290875e0f440664202b0d820b953c6 The Australian Securities and Investments Commission launched surveillance of the firms after news of the KPMG scandal emerged. The Australian Securities and Investments Commission launched surveillance of the firms after news of the KPMG scandal emerged. https://www.businesstimes.com.sg/opinion-features/development-finance-needs-more-one-currency The Business Times en 2026-10-13T10:00:00+08:00 Development finance needs more than one currency https://cassette.sphdigital.com.sg/image/businesstimes/4d2fe3dae71e5fc9e23088d376e8e110f21be0cb435264736496a6f5ba8db730 A stack of 100 yuan bank notes. Renminbi-denominated borrowing costs have, in many cases, fallen meaningfully below equivalent US dollar-denominated rates. Renminbi-denominated borrowing costs have, in many cases, fallen meaningfully below equivalent US dollar-denominated rates. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-shares-fall-asian-stocks-decline-tracking-us-chip-losses The Business Times en 2026-10-13T09:13:27+08:00 South Korea shares fall as Asian stocks decline, tracking US chip losses https://cassette.sphdigital.com.sg/image/businesstimes/bf8533a783437bfe9b018fc3fa71f38614922b857d52009fc82eadd6f1b45146 Equities in South Korea slipped over 3%. Hang Seng futures were little changed, Japan’s Topix rose 0.1% and Australia’s S&P/ASX 200 fell 0.3%. Equities in South Korea slipped over 3%. Hang Seng futures were little changed, Japan’s Topix rose 0.1% and Australia’s S&P/ASX 200 fell 0.3%. https://www.businesstimes.com.sg/startups-tech/startups/ai-agent-platform-drylab-ai-raises-us3-million-seed-round-vertex-ventures-and-patsnap?ai-allowed=1 The Business Times en 2026-10-13T09:00:00+08:00 AI agent platform Drylab AI raises US$3 million seed round from Vertex Ventures and PatSnap https://cassette.sphdigital.com.sg/image/businesstimes/ef5889bb295021d025e6a54e65ef37d0e660a7009cf90f4fe5293a8dbe60661c Clockwise from top left: Benedict Tan, associate director, investment, Vertex Ventures SEA & India; Nhi Nguyen, chief science officer, Drylab; Huy Phan, CTO, Drylab; John Phan, co-founder and CEO, Drylab; and Genping Liu, general partner, Vertex Ventures SEA & India. Clockwise from top left: Vertex Ventures’ Benedict Tan; Drylab’s chief science officer Nhi Nguyen; Drylab’s CTO Huy Phan; Drylab’s CEO John Phan; and Vertex Ventures’ Genping Liu. https://www.businesstimes.com.sg/companies-markets/meta-says-new-muse-model-reaches-ai-frontier-after-aggressive-push The Business Times en 2026-10-13T08:58:57+08:00 Meta says new Muse model reaches AI frontier after aggressive push https://cassette.sphdigital.com.sg/image/businesstimes/0b1ddf3d3306f95c796f6a51e08b06f71bc210dde8a69fe9506eb98d1ad2ce4d Meta AI chief Alexandr Wang said the model is “competitive with the best models out there” and “state of the art” on personal and professional agentic work. Meta AI chief Alexandr Wang said the model is “competitive with the best models out there” and “state of the art” on personal and professional agentic work. https://www.businesstimes.com.sg/companies-markets/jardine-matheson-raises-2026-earnings-guidance-high-us5-65-share?ai-allowed=1 The Business Times en 2026-10-13T08:58:52+08:00 Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share https://cassette.sphdigital.com.sg/image/businesstimes/4873e752bfa7fba2bcd71a6a043567a24918d8d4e23b4d831e20f7f4f0b5fec7 The Gammon transaction is expected to be “modestly accretive” from its first year, says Jardine Matheson. The Gammon transaction is expected to be “modestly accretive” from its first year, says Jardine Matheson. https://www.businesstimes.com.sg/companies-markets/stocks-watch-jardine-matheson-frasers-property-advanced-systems-automation-southern-alliance-mining?ai-allowed=1 The Business Times en 2026-10-13T08:45:09+08:00 Stocks to watch: Jardine Matheson, Frasers Property, Advanced Systems Automation, Southern Alliance Mining https://cassette.sphdigital.com.sg/image/businesstimes/2f83e9becbc25e5f2e845175e4994eb26e098f6c0aace6a9b2f23742f44317b5 Jardine Matheson announced an earnings upgrade on Tuesday before trading on SGX begins. Jardine Matheson announced an earnings upgrade on Tuesday before trading on SGX begins. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-edges-down-traders-monitor-oil-prices-fed-rate-outlook The Business Times en 2026-10-13T08:32:33+08:00 Gold edges down as traders monitor oil prices, Fed rate outlook https://cassette.sphdigital.com.sg/image/businesstimes/45d60eaaf7fd06e826020f66ed628a131a900bb3c49c3444ef37e0da0a9adc30 Higher rates are typically a headwind for the non-yielding precious metal. Higher rates are typically a headwind for the non-yielding precious metal. https://www.businesstimes.com.sg/international/global/global-smartphone-shipments-record-worst-third-quarter-14-years-amid-memory-shortage The Business Times en 2026-10-13T08:24:25+08:00 Global smartphone shipments record worst third quarter in 14 years amid memory shortage https://cassette.sphdigital.com.sg/image/businesstimes/82b912a8b6b7613b3b91ca57c14f1cf935b188a133cdd4c2b108e1f763689061 Consumers are holding on to their smartphones longer than estimated and increasingly considering refurbished devices, said a Counterpoint analyst. Consumers are holding on to their smartphones longer than estimated and increasingly considering refurbished devices, said a Counterpoint analyst. https://www.businesstimes.com.sg/startups-tech/technology/where-find-tenets-make-tech-stocks-tantalising?ai-allowed=1 The Business Times en 2026-10-13T07:00:00+08:00 Where to find the tenets that make tech stocks tantalising https://cassette.sphdigital.com.sg/image/businesstimes/597def38bdeec12d08dc6348016fb34adad5fef69bdcc66aed30432a9e2f10b0 The valuation of tech stocks is driven by the ability of the businesses to scale. The question is whether SGX-listed tech companies have that capability. The valuation of tech stocks is driven by the ability of the businesses to scale. The question is whether SGX-listed tech companies have that capability. https://www.businesstimes.com.sg/opinion-features/asias-green-transition-next-phase-must-also-emphasise-market-building The Business Times en 2026-10-13T07:00:00+08:00 Asia’s green transition: The next phase must also emphasise market building https://cassette.sphdigital.com.sg/image/businesstimes/240ebb6eb39b8fc650c05d9299bc7fd0d19cb44b2009f8a8db298a62f95aac00 Buildings in Singapore surrounded by haze. Catastrophic disasters, such as the forest fires in Indonesia that have led to haze in Singapore, increase the urgency of efforts to combat climate breakdown. Catastrophic disasters, such as the forest fires in Indonesia that have led to haze in Singapore, increase the urgency of efforts to combat climate breakdown. https://www.businesstimes.com.sg/singapore/smes/emerging-enterprise-2026/building-solutions-changing-needs?ai-allowed=1 The Business Times en 2026-10-13T07:00:00+08:00 Building solutions for changing needs https://cassette.sphdigital.com.sg/image/businesstimes/9c681b73fe5c6ab96a9fdbac0c73f38321bd440988368ed70f1c1e34e6d48991 Established in 2008, the Emerging Enterprise Award recognises startups and young businesses across Singapore and Asia, providing resources to boost their growth. Established in 2008, the Emerging Enterprise Award recognises startups and young businesses across Singapore and Asia, providing resources to boost their growth. https://www.businesstimes.com.sg/opinion-features/singapores-wealth-management-success-should-extend-everyday-families?ai-allowed=1 The Business Times en 2026-10-13T07:00:00+08:00 Singapore’s wealth management success should extend to everyday families https://cassette.sphdigital.com.sg/image/businesstimes/6ca854505c3ffde7116b4da057a4346c439c390d5d83f45e3c24037f4963bfd6 The wealthy buy time, synthesis and judgment. Everyone else is handed information and left to assemble it themselves. The wealthy buy time, synthesis and judgment. Everyone else is handed information and left to assemble it themselves. https://www.businesstimes.com.sg/companies-markets/applied-materials-will-double-sales-not-headcount-thanks-ai The Business Times en 2026-10-13T06:56:08+08:00 Applied Materials will double sales, not headcount, thanks to AI https://cassette.sphdigital.com.sg/image/businesstimes/9826b1c86023a61525e8ddfdb51c236b78fcb9f523744a04acbea8b81a4b3cc2 Applied Materials, the biggest US producer of chipmaking machinery, is benefiting from a surge in demand for gear to fuel the AI boom.  Applied Materials, the biggest US producer of chipmaking machinery, is benefiting from a surge in demand for gear to fuel the AI boom.  https://www.businesstimes.com.sg/international/saudi-airport-carnage-puts-trump-difficult-position-amid-pressure-boost-us-role-yemen The Business Times en 2026-10-13T06:45:06+08:00 Saudi airport carnage puts Trump in ‘difficult position’ amid pressure to boost US role in Yemen https://cassette.sphdigital.com.sg/image/businesstimes/137c196cadfdef5d75e08a58700fd1bc331867416f16e3da39382e933a1cd6b9 US President Donald Trump said over the weekend that he would look into joining Saudi-backed strikes against the Houthis.  US President Donald Trump said over the weekend that he would look into joining Saudi-backed strikes against the Houthis.  https://www.businesstimes.com.sg/international/saudi-led-coalition-says-it-destroyed-houthi-ballistic-missile-fired-towards-riyadh The Business Times en 2026-10-13T06:26:33+08:00 Saudi-led coalition says it destroyed Houthi ballistic missile fired towards Riyadh https://cassette.sphdigital.com.sg/image/businesstimes/a9593d3def8b13c2e0296ac965bf1a52057b678ddf8ff783cd13675ce69ed824 Footage of an attack at King Khalid International Airport in Riyadh on Oct 10. The Houthis have been attacking Saudi airports and oil facilities since last week. Footage of an attack at King Khalid International Airport in Riyadh on Oct 10. The Houthis have been attacking Saudi airports and oil facilities since last week. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-russian-diesel-supply-prospects-counter-gulf-supply-risks The Business Times en 2026-10-13T06:09:32+08:00 Oil falls as Russian diesel supply prospects counter Gulf supply risks https://cassette.sphdigital.com.sg/image/businesstimes/1b1942a60237feaa6cc95f2cb1e88101c83f6c84b7d0b632ec767291d7a270a3 Oil has risen more than 70% in 2026 so far as the US war on Iran roils energy markets. Oil has risen more than 70% in 2026 so far as the US war on Iran roils energy markets. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-ends-higher-bank-stocks-cushion-oil-price-hit The Business Times en 2026-10-13T05:58:47+08:00 Europe's Stoxx 600 ends higher as bank stocks cushion oil price hit https://cassette.sphdigital.com.sg/image/businesstimes/846ee9c73cbc406152cc186d53a4fbf926e164aa6fb33f32c40fab4434f32bef After weeks of being swayed by broader economic factors such as crude prices and bond yields, investors are expected to zero in on corporate earnings this week. After weeks of being swayed by broader economic factors such as crude prices and bond yields, investors are expected to zero in on corporate earnings this week. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nasdaq-falls-ahead-earnings-economic-data-while-oil-rallies The Business Times en 2026-10-13T05:50:56+08:00 Nasdaq falls ahead of earnings, economic data while oil rallies https://cassette.sphdigital.com.sg/image/businesstimes/1341890d2698684ca95b2f07a1fc914fed85651a4420edabde30ab78c71e2d32 The Dow Jones Industrial Average rose or 0.38% to 51,850.55, the S&P 500 lost 0.06% to 7,807.24 and the Nasdaq Composite lost 0.44% to 27,245.90. The Dow Jones Industrial Average rose or 0.38% to 51,850.55, the S&P 500 lost 0.06% to 7,807.24 and the Nasdaq Composite lost 0.44% to 27,245.90. https://www.businesstimes.com.sg/podcasts/age-longevity-endowment-style-investing-generations?ai-allowed=1 The Business Times en 2026-10-13T05:00:00+08:00 The age of longevity? Endowment-style investing for generations https://cassette.sphdigital.com.sg/image/businesstimes/4d621974d2e58f509690d1a1fce624d16944370c7b5db3bda698e8dd05c34394 Victor Aerni, chief executive officer, Pictet Wealth Management Asia. Victor Aerni, chief executive officer, Pictet Wealth Management Asia. https://www.businesstimes.com.sg/companies-markets/wasting-money-spending-tokens-companies-still-search-ai-use-cases-worthwhile-roi-says-broadcoms-hock?ai-allowed=1 The Business Times en 2026-10-12T23:37:37+08:00 ‘Wasting money, spending tokens’: Companies still in search of AI use cases with worthwhile ROI, says Broadcom’s Hock Tan https://cassette.sphdigital.com.sg/image/businesstimes/6332c7798cb6102901487c7b323b737c225a5ae74b9a551432f694e36e2d8fe5 Broadcom CEO Hock Tan (left) and Intel CEO Lip-Bu Tan (right) in a panel discussion moderated by DBS’ CEO Tan Su Shan. Broadcom CEO Hock Tan (left) and Intel CEO Lip-Bu Tan (right) in a panel discussion moderated by DBS’ CEO Tan Su Shan. https://www.businesstimes.com.sg/international/asean/prabowo-orders-tougher-action-indonesia-fires-foreign-offers-help-tackle-haze-not-discussed?ai-allowed=1 The Business Times en 2026-10-12T23:06:59+08:00 Prabowo orders tougher action on Indonesia fires; foreign offers to help tackle haze not discussed https://cassette.sphdigital.com.sg/image/businesstimes/195f58e49ef9b437b7388e5373250f3db33fd3d7cee7c4db944f55e6fa17d3fb The fires in Indonesia have disrupted flights, forced schools to close and raised health concerns. The fires in Indonesia have disrupted flights, forced schools to close and raised health concerns. https://www.businesstimes.com.sg/international/global/hsbc-moves-wall-street-bonus-model-cuts-fixed-pay-deals The Business Times en 2026-10-12T22:26:44+08:00 HSBC moves to Wall Street bonus model, cuts fixed-pay deals https://cassette.sphdigital.com.sg/image/businesstimes/d85dd49311dbf52f3d5dc49cfb07bdd4888ba91ada4587fd9f192b0539a0fb37 Wall Street bankers have typically received the bulk of their pay through bonuses tied to performance. Wall Street bankers have typically received the bulk of their pay through bonuses tied to performance. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-steady-open-oil-jumps-ahead-key-earnings The Business Times en 2026-10-12T22:02:59+08:00 US stocks: Wall Street steady at open as oil jumps ahead of key earnings https://cassette.sphdigital.com.sg/image/businesstimes/4bcf88001211a53ab8cf4907277f5e65e37b1b49299e9fae2a6be47e144dd30c The Dow Jones Industrial Average rose 92 points, or 0.18 per cent, at the open to 51,746.95. The Dow Jones Industrial Average rose 92 points, or 0.18 per cent, at the open to 51,746.95. https://www.businesstimes.com.sg/international/iran-war-has-no-easy-way-out-ex-us-defence-chief-austin-says The Business Times en 2026-10-12T21:33:33+08:00 Iran war has ‘no easy way out,’ ex-US Defence chief Austin says https://cassette.sphdigital.com.sg/image/businesstimes/c26c7b4301ad7419ba0099c84df066dcdcfc7bbc8b474acf917fe07200a633ab Former US Defense Secretary Lloyd Austin declined to say whether President Trump’s war was a strategic mistake, saying history would be the judge. Former US Defense Secretary Lloyd Austin declined to say whether President Trump’s war was a strategic mistake, saying history would be the judge. https://www.businesstimes.com.sg/companies-markets/asean-needs-come-together-single-market-continue-attracting-investments-pm-wong?ai-allowed=1 The Business Times en 2026-10-12T21:25:05+08:00 Asean needs to come together as ‘single market’ to continue attracting investments: PM Wong https://cassette.sphdigital.com.sg/image/businesstimes/b5d57a40efa2377b24d47f8c424c64f217ad9ae998e41cab34faafa0b9c3fd59 Prime Minister Lawrence Wong participates in a dialogue moderated by DBS Bank CEO Tan Su Shan during the DBS Asia Future Forward Conference at Suntec Convention and Exhibition Centre on Oct 12, 2026. DBS CEO Tan Su Shan (left) and Prime Minister Lawrence Wong at the DBS Asia Future Forward Conference. https://www.businesstimes.com.sg/companies-markets/energy-commodities/saudi-arabia-eyes-raising-its-pipeline-oil-export-capacity-10-million-bpd-energy-minister The Business Times en 2026-10-12T20:54:45+08:00 Saudi Arabia eyes raising its pipeline oil export capacity to 10 million bpd: energy minister https://cassette.sphdigital.com.sg/image/businesstimes/c646f2e134dc9463dde4dfcb630246701fb2d2d9c491c04a67e9bf5a960452f2 The minister said he had told Saudi Aramco it could use the pipeline for oil transport until May, after which it would need to be cleaned and returned to gas service. The minister said he had told Saudi Aramco it could use the pipeline for oil transport until May, after which it would need to be cleaned and returned to gas service. https://www.businesstimes.com.sg/international/byd-plans-hiring-spree-bolster-european-workforce-40000 The Business Times en 2026-10-12T20:30:44+08:00 BYD plans hiring spree to bolster European workforce to 40,000 https://cassette.sphdigital.com.sg/image/businesstimes/957ec606c03ecf50c7478542c3649f92a743525cb94516d93c44a26e19f8c187 Stella Li, executive vice-president of BYD, speaking at a press conference during the 2026 Paris Auto Show in Paris on Monday. Stella Li, executive vice-president of BYD, speaking at a press conference during the 2026 Paris Auto Show in Paris on Monday. https://www.businesstimes.com.sg/international/greenback-firm-near-18-month-highs-gulf-unrest-us-inflation-keep-investors-edge?ai-allowed=1 The Business Times en 2026-10-12T20:15:33+08:00 Greenback firm near 18-month highs, as Gulf unrest, US inflation keep investors on edge https://cassette.sphdigital.com.sg/image/businesstimes/01c9ed433da5fa128f291e5a6a535d3b9d5be472f381babdb1fafabc1d9f62f3 The Indian rupee climbed 1.1% to 95.7 against the dollar, after the central bank moved to alleviate pressure on the currency. The Indian rupee climbed 1.1% to 95.7 against the dollar, after the central bank moved to alleviate pressure on the currency. https://www.businesstimes.com.sg/companies-markets/genting-shares-tumble-most-1998-rights-issue-plan The Business Times en 2026-10-12T19:58:51+08:00 Genting shares tumble most since 1998 on rights issue plan https://cassette.sphdigital.com.sg/image/businesstimes/c32c3f026237477553ededf8a014e977bfd1843f6362e4a9b9e3b1e4d7bd347e Fitch Ratings downgraded Genting to BBB- in September. Fitch Ratings downgraded Genting to BBB- in September. https://www.businesstimes.com.sg/international/asean/india-inflation-jumps-5-54-september-strengthening-case-further-rate-hikes The Business Times en 2026-10-12T19:16:10+08:00 India inflation jumps to 5.54% in September, strengthening case for further rate hikes https://cassette.sphdigital.com.sg/image/businesstimes/39f1c232eb8243826bc8b8fadd7c11ec15827e1409350f7c29130a12d24b8248 September was the fourth consecutive month retail inflation has remained above the Reserve Bank of India’s 4 per cent medium-term target. September was the fourth consecutive month retail inflation has remained above the Reserve Bank of India’s 4 per cent medium-term target. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-oct-121?ai-allowed=1 The Business Times en 2026-10-12T18:35:00+08:00 Daily Debrief: What Happened Today (Oct 12) https://cassette.sphdigital.com.sg/image/businesstimes/930de98d0cdd789ac93a2e709a9c9588a409378c56c774fc4ce41b49f15d9c2c MAS tightened monetary policy in April for the first time since October 2022, and did so again in July. MAS tightened monetary policy in April for the first time since October 2022, and did so again in July. https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-banks-rebound-after-sell-sti-0-3?ai-allowed=1 The Business Times en 2026-10-12T18:32:50+08:00 Singapore shares rise as banks rebound after sell-off; STI up 0.3% https://cassette.sphdigital.com.sg/image/businesstimes/359a9f1db181b6d8581dce1a9978bf8702975a4f4e8d2e938b9a752502e4c1bb Across the broader market, losers outnumbered gainers 282 to 247. Across the broader market, losers outnumbered gainers 282 to 247. https://www.businesstimes.com.sg/international/asean/ioi-properties-advances-reit-listing-backed-us1-8-billion-portfolio?ai-allowed=1 The Business Times en 2026-10-12T18:26:38+08:00 IOI Properties advances Reit listing, backed by US$1.8 billion portfolio https://cassette.sphdigital.com.sg/image/businesstimes/eb4790b0deeb174983fa1cb966cee266fada61faa09bd98f786c056410a48d77 IOIPG Malaysia Real Estate Investment Trust’s initial portfolio comprises nine properties, anchored by IOI City Mall, alongside six hotels and two office developments. IOIPG Malaysia Real Estate Investment Trust’s initial portfolio comprises nine properties, anchored by IOI City Mall, alongside six hotels and two office developments. https://www.businesstimes.com.sg/international/asean/indonesia-central-bank-has-full-autonomy-over-interest-rates-new-chief-says?ai-allowed=1 The Business Times en 2026-10-12T18:02:58+08:00 Indonesia central bank has full autonomy over interest rates, new chief says https://cassette.sphdigital.com.sg/image/businesstimes/174d66f266ca3113496c1cb1e7fbbf0d4ad0189489a3148bc28329408dedb59a Destry Damayanti took over as Bank Indonesia governor in September following the surprise resignation of her predecessor in late July. Destry Damayanti took over as Bank Indonesia governor in September following the surprise resignation of her predecessor in late July. https://www.businesstimes.com.sg/opinion-features/huge-lurking-leverage-ai-hyperscalers The Business Times en 2026-10-12T18:00:00+08:00 The huge lurking leverage of AI hyperscalers https://cassette.sphdigital.com.sg/image/businesstimes/45bf7488484e805be0e7595af502cb4bed596d52d96e3f6bd4acc249423d727d Meta has disclosed some US$347 billion in future lease obligations on projects that have not yet commenced. Meta has disclosed some US$347 billion in future lease obligations on projects that have not yet commenced. https://www.businesstimes.com.sg/international/global/us-cpi-show-overall-inflation-boosted-higher-petrol-prices The Business Times en 2026-10-12T17:32:44+08:00 US CPI to show overall inflation boosted by higher petrol prices https://cassette.sphdigital.com.sg/image/businesstimes/f670819e11c04408da5aedc0ba7e0cef7a4446166be73190cf5ccc2b54fec86e Retail petrol prices approached US$4.50 a gallon in late September, the highest in four months.  Retail petrol prices approached US$4.50 a gallon in late September, the highest in four months.  https://www.businesstimes.com.sg/singapore/economy-policy/economists-expect-mas-tighten-monetary-policy-again-october-though-some-see-room-pause?ai-allowed=1 The Business Times en 2026-10-12T17:25:37+08:00 Economists expect MAS to tighten monetary policy again in October, though some see room for a pause https://cassette.sphdigital.com.sg/image/businesstimes/930de98d0cdd789ac93a2e709a9c9588a409378c56c774fc4ce41b49f15d9c2c The Monetary Authority of Singapore’s logo is displayed at the MAS Building. MAS is widely expected to tighten monetary policy again on Oct 14, though some economists say it could hold instead. MAS tightened monetary policy in April for the first time since October 2022, and did so again in July. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/asia-pacific-medical-trend-rate-expected-edge-downwards-2027-not-singapore-aon?ai-allowed=1 The Business Times en 2026-10-12T17:22:08+08:00 Asia-Pacific medical trend rate expected to edge downwards in 2027 – but not in Singapore: Aon https://cassette.sphdigital.com.sg/image/businesstimes/846e198fad74df097c1d90985fcb27b60378256a823421d5ff9ddce11ef8f43c Hospitalisation, clinics and laboratories remain the costliest elements of the cost of medical plans. Hospitalisation, clinics and laboratories remain the costliest elements of the cost of medical plans. https://www.businesstimes.com.sg/property/san-francisco-isnt-giving-turning-more-its-offices-homes The Business Times en 2026-10-12T17:11:38+08:00 San Francisco isn’t giving up on turning more of its offices into homes https://cassette.sphdigital.com.sg/image/businesstimes/ea1ddf861912323a9d57198e59379955579aa548bd502f3db3a866c0f379f208 Old cubicles in the 150 Hayes Street building that is being converted into housing in San Francisco. Old cubicles in the 150 Hayes Street building that is being converted into housing in San Francisco. https://www.businesstimes.com.sg/companies-markets/banking-finance/biggest-rupee-defence-decade-draws-line-under-97-us-dollar The Business Times en 2026-10-12T16:59:16+08:00 Biggest rupee defence in a decade draws line under 97 per US dollar https://cassette.sphdigital.com.sg/image/businesstimes/afa96efec2a895cea2f55f57684af32f0ab9518319471b165fda5ab484ccda21 For the first time, the RBI introduced a foreign-exchange risk reserve, requiring lenders to hold with the central bank the rupee equivalent of 20% of the notional value of each derivative transaction above US$2 million.  For the first time, the RBI introduced a foreign-exchange risk reserve, requiring lenders to hold with the central bank the rupee equivalent of 20% of the notional value of each derivative transaction above US$2 million.  https://www.businesstimes.com.sg/international/global/imf-says-ai-investment-keeps-global-growth-around-3-brings-massive-disruption The Business Times en 2026-10-12T16:46:17+08:00 IMF says AI investment keeps global growth around 3% but brings massive disruption https://cassette.sphdigital.com.sg/image/businesstimes/544cf40ffa0fd6ccfd1cc1708f0909ef1c22c048d9c4464fb6219e37b1542828 The IMF’s Kristalina Georgieva, speaking about AI, said: “It is a transformative technology. It so completely changes how we work, how we live.” The IMF’s Kristalina Georgieva, speaking about AI, said: “It is a transformative technology. It so completely changes how we work, how we live.” https://www.businesstimes.com.sg/property/frasers-hospitality-selective-about-expanding-luxury-serviced-living-brand?ai-allowed=1 The Business Times en 2026-10-12T16:38:55+08:00 Frasers Hospitality selective about expanding luxury serviced-living brand https://cassette.sphdigital.com.sg/image/businesstimes/b25801bd531f2638b7ef369d7edad7dc71c5335160e8188907f3ada6823c6dd7 Rendering of an apartment in Fraser Suites Reserve Bangkok. The Reserve brand targets affluent travellers seeking greater privacy, personalisation and well-being. Rendering of an apartment in Fraser Suites Reserve Bangkok. The Reserve brand targets affluent travellers seeking greater privacy, personalisation and well-being. https://www.businesstimes.com.sg/companies-markets/sgx-woos-european-traders-new-futures-window?ai-allowed=1 The Business Times en 2026-10-12T16:30:50+08:00 SGX woos European traders with new futures window https://cassette.sphdigital.com.sg/image/businesstimes/359a9f1db181b6d8581dce1a9978bf8702975a4f4e8d2e938b9a752502e4c1bb SGX launched government bond futures for India, Indonesia, Thailand, Malaysia and the Philippines earlier in 2026, alongside 20-year Japanese futures. SGX launched government bond futures for India, Indonesia, Thailand, Malaysia and the Philippines earlier in 2026, alongside 20-year Japanese futures. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-rise-lower-oil-prices-bank-strength-ahead-earnings The Business Times en 2026-10-12T16:12:30+08:00 European shares rise on lower oil prices, bank strength ahead of earnings https://cassette.sphdigital.com.sg/image/businesstimes/f75950ca06c034ebfe74e6c3ae184fd425cb257390b26184c60177b1b3633e77 The Stoxx 600 index gained 0.43 per cent to 634.25 points by 0709 GMT on Monday.  The Stoxx 600 index gained 0.43 per cent to 634.25 points by 0709 GMT on Monday.  https://www.businesstimes.com.sg/international/eu-deal-hastens-need-byd-chery-build-chinese-cars-europe?ai-allowed=1 The Business Times en 2026-10-12T15:56:54+08:00 EU deal hastens need for BYD, Chery to build Chinese cars in Europe https://cassette.sphdigital.com.sg/image/businesstimes/0511a3ea8b181da178b1d7af4b87332f7c08a109763022d83b58c5d836864217 Some companies have a head start on production in Europe, with BYD planning to start output at its new plant in Hungary in 2026. Some companies have a head start on production in Europe, with BYD planning to start output at its new plant in Hungary in 2026. https://www.businesstimes.com.sg/esg/rare-super-el-nino-year-shaping-be-worst-record The Business Times en 2026-10-12T15:54:26+08:00 Rare ‘super’ El Nino this year shaping up to be the worst on record https://cassette.sphdigital.com.sg/image/businesstimes/96c4220efaffbc789614ab635fc3d8ab1b553766e2b735eb41b2f7af13c112f0 The Alegria lagoon affected by prolonged dry conditions, in Alegria, El Salvador, Aug 26, 2026. A state of national emergency was declared on Oct 7, due to the effects of El Nino. The Alegria lagoon affected by prolonged dry conditions, in Alegria, El Salvador, Aug 26, 2026. A state of national emergency was declared on Oct 7, due to the effects of El Nino. https://www.businesstimes.com.sg/singapore/unhealthy-air-quality-singapore-enough-trigger-haze-pollution-law-nea-monitoring-situation?ai-allowed=1 The Business Times en 2026-10-12T15:40:33+08:00 Unhealthy air quality in Singapore enough to trigger haze pollution law; NEA is monitoring situation https://cassette.sphdigital.com.sg/image/businesstimes/a381db8ceb27eb03c3c76b0f1cc817766219b7ccec974821f850b4e6cb536839 The haze episode on Sep 4 breached the threshold for Singapore’s anti-haze law to be enacted, when the PSI crept into the “unhealthy” range for at least 24 hours. The haze episode on Sep 4 breached the threshold for Singapore’s anti-haze law to be enacted, when the PSI crept into the “unhealthy” range for at least 24 hours. https://www.businesstimes.com.sg/opinion-features/line-between-public-servants-and-private-property?ai-allowed=1 The Business Times en 2026-10-12T15:34:46+08:00 The line between public servants and private property https://cassette.sphdigital.com.sg/image/businesstimes/ecca3d5f3f5f3d24d0bbcf7c64f254e95bd23be7a6b7880de5772bffb04c121e Buying a private home is a long-term investment based on confidence in Singapore’s future. Buying a private home is a long-term investment based on confidence in Singapore’s future. https://www.businesstimes.com.sg/singapore/mas-introduces-enhanced-safeguards-around-public-events-financial-institutions?ai-allowed=1 The Business Times en 2026-10-12T15:12:06+08:00 MAS introduces enhanced safeguards around public events by financial institutions https://cassette.sphdigital.com.sg/image/businesstimes/974826e877d4ef4001a6ee22a8b6efd5760b8d2c374f60ad3b50617df291e3f3 MAS says representatives from financial institutions must inform consumers at the outset that they intend to market financial products or services. MAS says representatives from financial institutions must inform consumers at the outset that they intend to market financial products or services. https://www.businesstimes.com.sg/opinion-features/economic-shock-s-almost-too-hot-handle The Business Times en 2026-10-12T15:00:00+08:00 The economic shock that’s almost too hot to handle https://cassette.sphdigital.com.sg/image/businesstimes/02a78100ef2e18a50d8aea9afff9e4b113cbdd345c439f16fb0c288c85e251ca El Nino disrupts markets for commodities such as rice, contributes to water shortages and slows traffic in the Panama Canal, forcing up shipping costs. El Nino disrupts markets for commodities such as rice, contributes to water shortages and slows traffic in the Panama Canal, forcing up shipping costs. https://www.businesstimes.com.sg/esg/singapores-low-carbon-electricity-2035-target-aspirational-ema?ai-allowed=1 The Business Times en 2026-10-12T14:59:42+08:00 Singapore’s low-carbon electricity 2035 target is ‘aspirational’: EMA https://cassette.sphdigital.com.sg/image/businesstimes/b0737ff832f0aed2d6cd92706e12f8f949094f9db946fd9ac266d4910ada6a8a Beyond electricity imports, Singapore is also pursuing other low-carbon energy sources including solar, biomethane and ammonia. Beyond electricity imports, Singapore is also pursuing other low-carbon energy sources including solar, biomethane and ammonia. https://www.businesstimes.com.sg/lifestyle/not-even-tom-cruise-could-save-digger The Business Times en 2026-10-12T14:41:02+08:00 Not even Tom Cruise could save ‘Digger’ https://cassette.sphdigital.com.sg/image/businesstimes/bc33c440042846d5150a41941a094d660e6c219f14963117296f61cf3826c201 Tom Cruise will keep putting his body on the line to entertain audiences. After “Digger”, he may not be as willing to do the same with his career. Tom Cruise will keep putting his body on the line to entertain audiences. After “Digger”, he may not be as willing to do the same with his career. https://www.businesstimes.com.sg/singapore/sit-sets-lifelong-learning-school-combines-assessment-training-and-research?ai-allowed=1 The Business Times en 2026-10-12T14:20:52+08:00 SIT sets up lifelong learning school that combines assessment, training and research https://cassette.sphdigital.com.sg/image/businesstimes/dd636cde195c5f496a7365187c147c9b679d1554cd1ca0bc421bcb10804c4bd2 A rendering of a seminar room in the upcoming SITLearn hub, which is expected to be ready in the first half of 2027. A rendering of a seminar room in the upcoming SITLearn hub, which is expected to be ready in the first half of 2027. https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/apac-institutional-investors-call-greater-regulatory-clarity-digital-assets-report?ai-allowed=1 The Business Times en 2026-10-12T14:19:45+08:00 Apac institutional investors call for greater regulatory clarity on digital assets: report https://cassette.sphdigital.com.sg/image/businesstimes/c1547619429eccb3cfaddb59c1c2da56f8064671f82a1188f6beb8deb75e9fca Tokenised asset settlement was identified as a leading use case among institutional investors in State Street’s survey in October. Tokenised asset settlement was identified as a leading use case among institutional investors in State Street’s survey in October. https://www.businesstimes.com.sg/international/asean/airasia-talks-malaysian-government-over-potential-funding-support-sources The Business Times en 2026-10-12T14:11:37+08:00 AirAsia in talks with Malaysian government over potential funding support: sources https://cassette.sphdigital.com.sg/image/businesstimes/b40984d52a6c5c79673f32859687daf67677c7e266fb37ae4c3583baa39ab1e1 The airline has been hit by soaring jet fuel costs that surged 66% in Q2 from the prior quarter to an average of US$183 a barrel, stemming from the US-Israeli war on Iran. The airline has been hit by soaring jet fuel costs that surged 66% in Q2 from the prior quarter to an average of US$183 a barrel, stemming from the US-Israeli war on Iran. https://www.businesstimes.com.sg/startups-tech/technology/bains-bridge-data-centres-seeks-upsize-loan-us6-6-billion The Business Times en 2026-10-12T14:03:48+08:00 Bain’s Bridge Data Centres seeks to upsize loan to US$6.6 billion https://cassette.sphdigital.com.sg/image/businesstimes/0c9cbc51e9029dcd611e2604d8a5c4232c497a80b3a4e33d0bea7ee5cdeb7448 A Bridge Data Centres campus under construction in Johor. This builds on a previous effort to increase the loan size to at least US$5 billion from US$2.8 billion. A Bridge Data Centres campus under construction in Johor. This builds on a previous effort to increase the loan size to at least US$5 billion from US$2.8 billion. https://www.businesstimes.com.sg/international/asean/1mdb-reaches-settlement-deutsche-bank-us1-1-billion-lawsuit The Business Times en 2026-10-12T13:49:31+08:00 1MDB reaches settlement with Deutsche Bank in US$1.1 billion lawsuit https://cassette.sphdigital.com.sg/image/businesstimes/4acc9dffd3f9e56eb22dc2bf58a1b6c2eb835c2f48b8740e8c202eace9a5038e Malaysia still faces RM51.4 billion (US$12.6 billion) in financial obligations tied to the scandal, while recovery efforts have brought in RM31.3 billion. Malaysia still faces RM51.4 billion (US$12.6 billion) in financial obligations tied to the scandal, while recovery efforts have brought in RM31.3 billion. https://www.businesstimes.com.sg/international/asean/no-chicken-feed-how-malayan-flour-mills-built-empire-flour-fowl?ai-allowed=1 The Business Times en 2026-10-12T13:25:32+08:00 No chicken feed: How Malayan Flour Mills built an empire from flour to fowl https://cassette.sphdigital.com.sg/image/businesstimes/56abbd67fc9062efc05d77b80930460bf6422f8f384cc2ef2414316f8b5d74ba Malayan Flour Mills executive deputy chairman and managing director Teh Wee Chye constantly pursues diversification, recognising that even defensive food businesses remain vulnerable to global events. Malayan Flour Mills executive deputy chairman and managing director Teh Wee Chye constantly pursues diversification, recognising that even defensive food businesses remain vulnerable to global events. https://www.businesstimes.com.sg/singapore/singapore-workers-embrace-ai-faster-global-peers-fewer-feel-secure-their-jobs-pwc-survey?ai-allowed=1 The Business Times en 2026-10-12T12:58:22+08:00 Singapore workers embrace AI faster than global peers, but fewer feel secure in their jobs: PwC survey https://cassette.sphdigital.com.sg/image/businesstimes/59a5d334447135204323c85b3e4e72f66df6ba2e371004dbe97c5d00e8544b97 Only 69% of Singapore workers surveyed by PwC are confident about their job security over the next 12 months, down from 84% in 2024. Only 69% of Singapore workers surveyed by PwC are confident about their job security over the next 12 months, down from 84% in 2024. https://www.businesstimes.com.sg/international/malaysia-suspends-sale-chery-omoda-5-after-viral-incident-singapore-cars-not-affected?ai-allowed=1 The Business Times en 2026-10-12T12:43:48+08:00 Malaysia suspends sale of Chery Omoda 5 after viral incident; Singapore cars not affected  https://cassette.sphdigital.com.sg/image/businesstimes/db8bada045346552a86f29103e08fa1908c19da0aaf3206e6170c6ff800d9383 The Omoda 5, a sport utility vehicle, has had its second recall in two years, both in relation to rear axle issues. The Omoda 5, a sport utility vehicle, has had its second recall in two years, both in relation to rear axle issues. https://www.businesstimes.com.sg/companies-markets/ai-can-become-superior-humans-certain-aspects-tiktoks-chew-shou-zi?ai-allowed=1 The Business Times en 2026-10-12T12:30:07+08:00 AI can become superior to humans in certain aspects: TikTok’s Chew Shou Zi https://cassette.sphdigital.com.sg/image/businesstimes/4806bbd9a53dc3b36a7ad07695163c5738d6fc3daa44cceb9e73f324848d1d21 TikTok CEO Chew Shou Zi says the world is only at the beginning of what AI can do, with humans yet to understand its impact on their lives. TikTok CEO Chew Shou Zi says the world is only at the beginning of what AI can do, with humans yet to understand its impact on their lives. https://www.businesstimes.com.sg/opinion-features/whats-special-about-negotiating-agreements-mining-critical-minerals The Business Times en 2026-10-12T12:14:36+08:00 What’s special about negotiating agreements for mining critical minerals? https://cassette.sphdigital.com.sg/image/businesstimes/da32cfc055aaa5d677fe82f4b9436867a9027d49666fdb33fdbe151521ca427a Mining, and especially processing, of many critical minerals are concentrated in China. Mining, and especially processing, of many critical minerals are concentrated in China. https://www.businesstimes.com.sg/property/tycoon-says-taiwans-tech-boom-filling-his-luxury-hotels The Business Times en 2026-10-12T12:09:32+08:00 Tycoon says Taiwan’s tech boom is filling up his luxury hotels https://cassette.sphdigital.com.sg/image/businesstimes/6e19df02556b68e4322950cb041eacf0f8b6d746a71c088f154b7cad0861e551 Pan, who leads Formosa International Hotels, says the firm’s room revenue rose 10% year to date its luxury retail business’ sales jumped 20% due to the AI boom. Pan, who leads Formosa International Hotels, says the firm’s room revenue rose 10% year to date its luxury retail business’ sales jumped 20% due to the AI boom. https://www.businesstimes.com.sg/companies-markets/citi-drops-target-price-laopu-gold-hk400-consumer-spending-faces-pressure?ai-allowed=1 The Business Times en 2026-10-12T11:06:23+08:00 Citi drops target price on Laopu Gold to HK$400 as consumer spending faces pressure https://cassette.sphdigital.com.sg/image/businesstimes/d2c772e68fcc380dcd651170a8169aa3776044b3fcd9e7806aeda3dd3ba3f8d5 Laopu Gold’s revenue is estimated to increase 9% qoq in Q3 to 3.6 billion yuan (US$537.9 million), but net profit is expected to decline 12% to 589 million yuan. Laopu Gold’s revenue is estimated to increase 9% qoq in Q3 to 3.6 billion yuan (US$537.9 million), but net profit is expected to decline 12% to 589 million yuan. https://www.businesstimes.com.sg/international/asean/senais-second-act-js-sez-reshapes-johors-factory-town-singapores-industrial-ally?ai-allowed=1 The Business Times en 2026-10-12T11:00:00+08:00 Senai’s second act: JS-SEZ reshapes Johor’s factory town as Singapore’s industrial ally https://cassette.sphdigital.com.sg/image/businesstimes/77af02a2e89c3c0de29baa76f7957b8272c0d0e31e4646f38b620423ab686149 A view of Senai in Johor, Malaysia. Cross-border investments are turning the town from a low-cost assembly node into a high-value manufacturing and logistics hub. Senai has evolved from a low-cost assembly node into a high-value manufacturing and logistics hub. https://www.businesstimes.com.sg/companies-markets/sheng-siong-shares-fall-2-1-after-maybank-downgrade-target-price-cut?ai-allowed=1 The Business Times en 2026-10-12T10:59:40+08:00 Sheng Siong shares fall 2.1% after Maybank downgrade, target price cut https://cassette.sphdigital.com.sg/image/businesstimes/ce668e89a58f01438550b75469a8f33f72f5ef6ec42218f99c6162ab05328ebd Maybank has lowered its forecast for new Sheng Siong stores in 2028 from five to four. Maybank has lowered its forecast for new Sheng Siong stores in 2028 from five to four. https://www.businesstimes.com.sg/startups-tech/technology/market-has-spoken-dbs-ceo-tan-su-shan-says-market-repricing-ai-financing-risks The Business Times en 2026-10-12T10:54:50+08:00 ‘The market has spoken’: DBS CEO Tan Su Shan says market is repricing AI financing risks https://cassette.sphdigital.com.sg/image/businesstimes/5cf69ebba716e2a20177b12c207509fbc3318f498c158223747911ed6d143aa9 Tan, who leads South-east Asia’s largest bank, said risk repricing is “healthy” as the market wants to make sure that big financial commitments are sustainable.  Tan, who leads South-east Asia’s largest bank, said risk repricing is “healthy” as the market wants to make sure that big financial commitments are sustainable.  https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-stocks-fall-while-asian-shares-stay-cautious-earnings-loom-oil-slips The Business Times en 2026-10-12T10:31:32+08:00 South Korea stocks fall while Asian shares stay cautious as earnings loom, oil slips https://cassette.sphdigital.com.sg/image/businesstimes/32283a4837955de9cf54eb6e343644fbdf8d435e89ccd0172352078459eff758 South Korean stocks fell 1.1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. South Korean stocks fell 1.1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. https://www.businesstimes.com.sg/international/moonshot-execs-talks-settle-dispute-shareholder-ahead-planned-ipo-people-say The Business Times en 2026-10-12T09:53:42+08:00 Moonshot execs in talks to settle dispute with shareholder ahead of planned IPO, people say https://cassette.sphdigital.com.sg/image/businesstimes/0f94c434a6c8f5b589370c8cf3131becd1deb71593b687e863c317a4169d10c4 A dispute that has been going on since 2024 could raise governance, ownership and disclosure issues for prospective investors of the Alibaba-backed firm. A dispute that has been going on since 2024 could raise governance, ownership and disclosure issues for prospective investors of the Alibaba-backed firm. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-gains-weaker-oil-greenback-us-inflation-data-focus The Business Times en 2026-10-12T09:38:01+08:00 Gold gains on weaker oil, greenback; US inflation data in focus https://cassette.sphdigital.com.sg/image/businesstimes/f77b338dbb6bb680b21d534901e239cfcfd63fef7f06560be242d42005252874 A muted US dollar made greenback-priced bullion more affordable for buyers holding other currencies.  A muted US dollar made greenback-priced bullion more affordable for buyers holding other currencies.  https://www.businesstimes.com.sg/companies-markets/sgx-securities-trading-value-27-september-derivatives-volume-rebounds?ai-allowed=1 The Business Times en 2026-10-12T09:03:54+08:00 SGX securities trading value up 27% in September as derivatives volume rebounds https://cassette.sphdigital.com.sg/image/businesstimes/57d1354a6efb5999691a23fc8389611c88c0c1ae0795b0a99b6c11c606981e36 The total securities market turnover is up 27% year on year, reaching S$42.2 billion across 22 trading days in September. The total securities market turnover is up 27% year on year, reaching S$42.2 billion across 22 trading days in September. https://www.businesstimes.com.sg/international/us-reverses-course-request-ai-developers-not-share-models-uk-testing-telegraph The Business Times en 2026-10-12T08:48:31+08:00 US reverses course on request that AI developers not share models for UK testing: Telegraph https://cassette.sphdigital.com.sg/image/businesstimes/2d2961461360aab438d9297e8e3f78e3fc85bee451a05b94e1d87b3b95a0a948 The US reversed a decision that requested developers not share new AI models with Britain’s AI Security Institute before release, the Telegraph said on Oct 11. The US reversed a decision that requested developers not share new AI models with Britain’s AI Security Institute before release, the Telegraph said on Oct 11. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/stocks-watch-sgx-ums-integration?ai-allowed=1 The Business Times en 2026-10-12T08:47:06+08:00 Stocks to watch: SGX, UMS Integration https://cassette.sphdigital.com.sg/image/businesstimes/a12682dfab73a56d88989b5d1e2fb03b3081cb0abd73aaa9f4372fa4f741b49d UMS Integration’s 52.9 million new shares will begin trading on Monday. UMS Integration’s 52.9 million new shares will begin trading on Monday. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-trump-claims-russia-ukraine-agree-energy-ceasefire The Business Times en 2026-10-12T07:04:41+08:00 Oil falls as Trump claims Russia-Ukraine agree to ‘energy ceasefire’ https://cassette.sphdigital.com.sg/image/businesstimes/116c9abe4d121304d19ff3923847839ab00d1ae28bf929e7d853a2fdafea0bc4 Brent crude futures fell US$1.54, or 1.47 per cent, to US$103.18 a barrel by 0154 GMT. Brent crude futures fell US$1.54, or 1.47 per cent, to US$103.18 a barrel by 0154 GMT. https://www.businesstimes.com.sg/companies-markets/gridlock-or-growth-asean-power-grid-faces-critical-window-opportunity?ai-allowed=1 The Business Times en 2026-10-12T07:00:00+08:00 Gridlock or growth? The Asean Power Grid faces a critical window of opportunity https://cassette.sphdigital.com.sg/image/businesstimes/11ffb50c0c3495b32f53b6bf22418ed880e3f4debb6075a4fa189db2192543d6 Recent events have created a compelling business case for regional clean energy trade. Recent events have created a compelling business case for regional clean energy trade. https://www.businesstimes.com.sg/companies-markets/asean-companies-keen-ai-business-benefits-despite-its-energy-costs?ai-allowed=1 The Business Times en 2026-10-12T07:00:00+08:00 Asean companies keen on AI for business benefits, despite its energy costs https://cassette.sphdigital.com.sg/image/businesstimes/35e1e3569d513d1247590d3a1eff7f3bc4edc0eed4d67d4ecd51621551df0b71 Companies should assess not just the token prices before building an AI application, but also its carbon footprint, says one expert. Companies should assess not just the token prices before building an AI application, but also its carbon footprint, says one expert. https://www.businesstimes.com.sg/paid-press-release/from-one-cheesecake-to-four-stores-queic-by-olivia-celebrates-five-years-of-growth The Business Times en 2026-10-12T07:00:00+08:00 From One Cheesecake to Four Stores: Queic by Olivia Celebrates Five Years of Growth https://cassette.sphdigital.com.sg/image/businesstimes/6a01dcbd1ee498a7b3e237ceb2571cb348858c0bedfd5acee69fd9802e726530 Olivia’s Signature Cheesecake — the blue cheese cheesecake that became the foundation of Queic. Olivia’s Signature Cheesecake — the blue cheese cheesecake that became the foundation of Queic. https://www.businesstimes.com.sg/opinion-features/can-imf-adapt-world-transformed-debt-and-ai The Business Times en 2026-10-12T07:00:00+08:00 Can the IMF adapt to a world transformed by debt and AI? https://cassette.sphdigital.com.sg/image/businesstimes/35b0b772b97367d1678b38f2fe45ef9e94f2eb9b57081e17688ba5bc2a9512b4 IMF managing director Kristalina Georgieva says the eventual dividend from AI remains uncertain, but it could widen inequality within and between countries. IMF managing director Kristalina Georgieva says the eventual dividend from AI remains uncertain, but it could widen inequality within and between countries. https://www.businesstimes.com.sg/companies-markets/more-family-offices-are-turning-asia-pacific-private-credit-lighthouse-canton?ai-allowed=1 The Business Times en 2026-10-12T07:00:00+08:00 More family offices are turning to Asia-Pacific private credit: Lighthouse Canton https://cassette.sphdigital.com.sg/image/businesstimes/f11ad3a090fef8b3339c09629392e556aadae9c088dd5d8e67d030d073b84311 Pedestrians in the Otemachi district in Tokyo, Japan. Japan is seen as a key Apac market where capital can be deployed for private-credit deals. https://www.businesstimes.com.sg/esg/cost-over-climate-most-asean-firms-scaling-back-decarbonisation-plans-higher-energy-prices-bite?ai-allowed=1 The Business Times en 2026-10-12T07:00:00+08:00 Cost over climate: Most Asean firms scaling back decarbonisation plans as higher energy prices bite https://cassette.sphdigital.com.sg/image/businesstimes/82032872bd0ea93ac20370bbf0e2c3ca6974c38204b8d2d7ab8411c15543216b While most businesses say higher costs are eroding their profits, the impact is more keenly felt among companies from Malaysia, Indonesia and Singapore. While most businesses say higher costs are eroding their profits, the impact is more keenly felt among companies from Malaysia, Indonesia and Singapore. https://www.businesstimes.com.sg/companies-markets/gold-looks-greenback-next-direction?ai-allowed=1 The Business Times en 2026-10-12T07:00:00+08:00 Gold looks to greenback for next direction https://cassette.sphdigital.com.sg/image/businesstimes/c55c523616410248da13af53e6b7e91d174be43cc2c999620d16a402e2ae0bcf Gold continues to find buyers at around US$4,100 an ounce, rather than extending its September sell-off. Gold continues to find buyers at around US$4,100 an ounce, rather than extending its September sell-off. https://www.businesstimes.com.sg/international/china-moves-stave-wider-eu-trade-war-hybrid-deal The Business Times en 2026-10-12T06:48:52+08:00 China moves to stave off wider EU trade war with hybrid deal https://cassette.sphdigital.com.sg/image/businesstimes/824fd2447ed3181b82e006ca79c7f952e7aab188d8df261363d2d2648f81c703 The agreement on Oct 9 buys time for further negotiations, with the two sides planning for more talks in January and March, said Trivium China. The agreement on Oct 9 buys time for further negotiations, with the two sides planning for more talks in January and March, said Trivium China. https://www.businesstimes.com.sg/international/houthi-attacks-saudi-arabia-raise-risk-wider-war The Business Times en 2026-10-12T06:37:45+08:00 Houthi attacks on Saudi Arabia raise risk of wider war https://cassette.sphdigital.com.sg/image/businesstimes/15dac5dddae196be839aad11b5df2199249d0ddb31eeac88f225e3425b25a32c A satellite image of King Khalid Airport, the day after Yemen’s Iran-backed Houthis said they attacked the airport in Riyadh, Saudi Arabia, on Oct 11.  A satellite image of King Khalid Airport, the day after Yemen’s Iran-backed Houthis said they attacked the airport in Riyadh, Saudi Arabia, on Oct 11.  https://www.businesstimes.com.sg/international/global/global-bond-sell-may-mean-fewer-rate-hikes-central-banks The Business Times en 2026-10-12T06:05:05+08:00 Global bond sell-off may mean fewer rate hikes from central banks https://cassette.sphdigital.com.sg/image/businesstimes/ae75b15cc03ac57f18f8a0013461e2aa86b038d243b5c42254a90b42c0fc616b There are few signs the bond sell-off is abating as concerns over fiscal spending from the US to Japan and France push investors to demand more compensation. There are few signs the bond sell-off is abating as concerns over fiscal spending from the US to Japan and France push investors to demand more compensation.