https://www.businesstimes.com.sg/lifestyle/arts-design/louis-vuitton-and-campana-stretch-travel-heritage-furniture-and-art The Business Times en 2026-06-03T19:24:50+08:00 Louis Vuitton and Campana stretch travel heritage into furniture and art https://cassette.sphdigital.com.sg/image/businesstimes/545d1be460fcdcececa6e95034b0c3f3acf403ec61494adf9a454ba1be61ed08 The Louis Vuitton x Campana collaboration have resulted in stunning additions to the Objets Nomades collection, such as (from left) the Kaleidoscope Exotic Leather cabinet, Cocoon Dichroic, and Odyssee Babyfoot. The Louis Vuitton x Campana collaboration has resulted in stunning additions to the Objets Nomades collection, such as (from left) the Kaleidoscope Exotic Leather cabinet, Cocoon Dichroic and Odyssee Babyfoot. https://www.businesstimes.com.sg/companies-markets/tiger-brokers-suspend-investors-mainland-china-adding-new-positions The Business Times en 2026-06-03T18:55:15+08:00 Tiger Brokers to suspend investors in mainland China from adding new positions https://cassette.sphdigital.com.sg/image/businesstimes/cc0e5b7259e76e2d038a539f07c471aa0b4edcd8cd38b4351ab1c1b6e231e98c Tiger is among the online brokers that have been told to wind down their cross-border investment accounts. Tiger is among the online brokers that have been told to wind down their cross-border investment accounts. https://www.businesstimes.com.sg/international/eu-risks-losing-more-one-million-jobs-over-global-pressures The Business Times en 2026-06-03T18:48:06+08:00 EU risks losing more than one million jobs over global pressures https://cassette.sphdigital.com.sg/image/businesstimes/2afcddeefdb5da01ec9c37c65231940c29d41f89508cb603280a72c9622adbd0 European firms have been paying extra energy costs for years. The situation only grew worse this year after Iran closed the Strait of Hormuz (above). European firms have been paying extra energy costs for years. The situation only grew worse this year after Iran closed the Strait of Hormuz (above). https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-higher-wednesday-sti-rises-0-8-dbs-ocbc-hit-fresh-highs The Business Times en 2026-06-03T18:45:39+08:00 Singapore stocks end higher on Wednesday as STI rises 0.8%; DBS, OCBC hit fresh highs https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 Across the broader market, losers outnumbered gainers 345 to 259. Across the broader market, losers outnumber gainers 345 to 259. https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-taps-new-state-investment-firm-help-coordinate-its-global-metals-and-mining-deals The Business Times en 2026-06-03T18:41:35+08:00 China taps new state investment firm to help coordinate its global metals and mining deals https://cassette.sphdigital.com.sg/image/businesstimes/52c47039c45835a9cfff6c96d4e9af5defa4fde018cabb667d71759d801a73c2 The new approach shows Beijing’s willingness to take a central role against global protectionism and the tussle for natural resources. The new approach shows Beijing’s willingness to take a central role against global protectionism and the tussle for natural resources. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-jun-32 The Business Times en 2026-06-03T18:35:45+08:00 Daily Debrief: What Happened Today (Jun 3) https://cassette.sphdigital.com.sg/image/businesstimes/d4c68a03ea955aa1371bbf72a65bd5c30b1a6dc57aa6a2d5e01c3702e7d71503 A photo of private housing in Singapore. MND released the government land sales programme for private residential, commercial and hotel sites for second-half 2026 on Wednesday. MND released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/rupiah-hits-new-low-breaches-14000-threshold-against-singdollar The Business Times en 2026-06-03T18:26:34+08:00 Rupiah hits new low, breaches 14,000 threshold against Singdollar https://cassette.sphdigital.com.sg/image/businesstimes/1023837cc9ac2cfcaea21fb242c25342d89766feabd15e062b648825ab9e3ae6 Bank Indonesia said last Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock”. Bank Indonesia said last Friday that it remains committed to maintaining the stability of the rupiah “around the world, round the clock”. https://www.businesstimes.com.sg/opinion-features/chinas-delivery-drivers-are-its-most-obvious-underclass The Business Times en 2026-06-03T18:15:00+08:00 China’s delivery drivers are its most obvious underclass https://cassette.sphdigital.com.sg/image/businesstimes/d773f7c7f34a91e94ede6a87ac72417928bfe7d2d868a97a11974419034fcc55 For years, China’s delivery industry attracted those who knew they could earn more than in factory jobs, or who wanted easy cash while awaiting better opportunities. For years, China’s delivery industry attracted those who knew they could earn more than in factory jobs, or who wanted easy cash while awaiting better opportunities. https://www.businesstimes.com.sg/opinion-features/why-putin-and-trump-should-both-want-quick-peace-deals The Business Times en 2026-06-03T18:00:00+08:00 Why Putin and Trump should both want quick peace deals https://cassette.sphdigital.com.sg/image/businesstimes/21f4e881aaf6d5f34d4c37bb478490c97c55500d37d65a436a6f0b81b4c6d80a Two leaders (above: Russia's Vladimir Putin and the US' Donald Trump) started wars of choice which they thought would bring quick victories, only to find themselves trapped in conflicts they are finding difficult to end. Two leaders (above: Russia's Vladimir Putin and the US' Donald Trump) started wars of choice which they thought would bring quick victories, only to find themselves trapped in conflicts they are finding difficult to end. https://www.businesstimes.com.sg/opinion-features/why-does-it-feel-everything-unaffordable The Business Times en 2026-06-03T18:00:00+08:00 Why does it feel like everything is unaffordable? https://cassette.sphdigital.com.sg/image/businesstimes/e1c7adf6bde6daf1f39d09aa622ef50f276e81e5c3208018db06c6d692a2b66a Surveys by the Bank for International Settlements show that households usually expect higher inflation than what official data or forecasts say.  Surveys show that people expect higher inflation than what official data or forecasts say, with grocery and energy prices shaping these views disproportionately.  https://www.businesstimes.com.sg/property/blackstone-about-take-54-loss-iconic-seattle-office-tower The Business Times en 2026-06-03T17:22:17+08:00 Blackstone is about to take a 54% loss on iconic Seattle office tower https://cassette.sphdigital.com.sg/image/businesstimes/7184c433feb10359601b80e769d300c3d52ee3dcbc4089b653ec8bc72cdc22c9 Blackstone is selling the tower, which it bought for US$612m in 2019, for about US$280m. Blackstone is selling the tower, for which it paid US$612m in 2019, for about US$280m. https://www.businesstimes.com.sg/companies-markets/geopolitical-risks-must-be-considered-investing-tech-temasek-chairman-teo-chee-hean The Business Times en 2026-06-03T17:00:00+08:00 Geopolitical risks must be considered before investing in tech: Temasek chairman Teo Chee Hean https://cassette.sphdigital.com.sg/image/businesstimes/708b49b7f3ca52f8a9896552dc6103f17e37ec43c50ca6d0f9a2a70729297851 AI is going to be a real game changer that's poised to create an entirely new sector of growth that will sweep across many industries, says Temasek's Teo Chee Hean. AI will be a "real game changer" that's poised to create an entirely new sector of growth, says Temasek's Teo Chee Hean. https://www.businesstimes.com.sg/companies-markets/dont-just-pump-money-temaseks-portfolio-firms-markets-must-create-inherent-value-teo-chee-hean The Business Times en 2026-06-03T17:00:00+08:00 Don’t just pump money – Temasek’s portfolio firms, markets must create inherent value: Teo Chee Hean https://cassette.sphdigital.com.sg/image/businesstimes/7b71e708671e13ab1f8d085332ec302bffdd331f92caa21f7b6f3aeac25892c7 Temasek chairman Teo Chee Hean (centre) with CEO Dilhan Pillay (left) at the Ecosperity conference in 2025. Temasek invests in its portfolio companies when needed, and it co-invests with them when they invest too, he says. Temasek invests in its portfolio companies, and co-invests with them too, says its chairman Teo Chee Hean (centre). https://www.businesstimes.com.sg/international/hiking-hotpot-lonely-consumers-china-fuel-50-billion-yuan-companionship-economy The Business Times en 2026-06-03T16:43:40+08:00 From hiking to hotpot, lonely consumers in China fuel a 50 billion yuan companionship economy https://cassette.sphdigital.com.sg/image/businesstimes/fb3457337b584eed4808710ab662adb8e295196f5285c8e37e90fd2ec0d89510 China’s prolonged youth unemployment has coincided with a growing reliance on gig and flexible work among young people. China’s prolonged youth unemployment has coincided with a growing reliance on gig and flexible work among young people. https://www.businesstimes.com.sg/esg/natural-disaster-insurance-gap-now-exceeds-us420-billion-globally-swiss-re-report The Business Times en 2026-06-03T16:39:15+08:00 Natural-disaster insurance gap now exceeds US$420 billion globally: Swiss Re report https://cassette.sphdigital.com.sg/image/businesstimes/bd5792a009c4250cf3cd7b5492c2107f423b6cd4cc850658f9d3b911e5e54c0e The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years. The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years. https://www.businesstimes.com.sg/international/czech-castles-cache-precious-wine-goes-display-new-old-bottles The Business Times en 2026-06-03T16:29:40+08:00 Czech castle’s cache of precious wine goes on display in new-old bottles https://cassette.sphdigital.com.sg/image/businesstimes/c435bbedd839114ac28dfb151e1b32bb7a3b48064adf89a6d4e0459cd24f8ec3 The 133 bottles, most dating from 1892 to 1899, were discovered in 1985, having been hidden at the end of World War II. The 133 bottles, most dating from 1892 to 1899, were discovered in 1985, having been hidden at the end of World War II. https://www.businesstimes.com.sg/international/data-centre-boom-props-australias-slowing-economy The Business Times en 2026-06-03T16:18:59+08:00 Data centre boom props up Australia’s slowing economy https://cassette.sphdigital.com.sg/image/businesstimes/52149e0b74d376dda41c4ab5af8352948f3822f8994c0b459035ec1bc09dc417 The Reserve Bank of Australia is aiming to cool activity and stave off second-round inflationary effects from higher fuel costs. The Reserve Bank of Australia is aiming to cool activity and stave off second-round inflationary effects from higher fuel costs. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/non-us-dollar-stablecoins-can-thrive-where-financial-inefficiencies-remain-including-asean-stanchart The Business Times en 2026-06-03T16:08:01+08:00 Non-US dollar stablecoins can thrive where financial inefficiencies remain, including in Asean: StanChart https://cassette.sphdigital.com.sg/image/businesstimes/ea938084157573a39288598939223d07dc7d9e1c44b24467d71ea1b35327437b US-dollar-pegged stablecoins such as Tether currently make up about 98 per cent of the global stablecoin market USD-pegged stablecoins such as Tether currently make up about 98% of the global stablecoin market. https://www.businesstimes.com.sg/lifestyle/peabo-bryson-soul-singer-known-voice-love-dies-75 The Business Times en 2026-06-03T15:54:20+08:00 Peabo Bryson, soul singer known as the Voice of Love, dies at 75 https://cassette.sphdigital.com.sg/image/businesstimes/fc15f92b921a67b65c3cfaff41dd29edcbfb17c162be5caf0e661655dd720310 Peabo Bryson's songs dealt with complex relationships and passionate love, which spoke to the adult contemporary listeners who made up the core of his fan base. Bryson's songs dealt with complex relationships and passionate love, which spoke to the adult contemporary listeners who made up the core of his fan base. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-coo-steps-down-amid-growing-audit-client-leak-scandal The Business Times en 2026-06-03T15:51:37+08:00 KPMG Australia COO steps down amid growing audit client leak scandal https://cassette.sphdigital.com.sg/image/businesstimes/c005aef4d40565db2c26d82b709fd1a06bd5b72860fc3458beb088c51c7bb760 The Australian Securities and Investments Commission has started a ​preliminary investigation into the conduct of three KPMG registered company auditors. The Australian Securities and Investments Commission has started a ​preliminary investigation into the conduct of three KPMG registered company auditors. https://www.businesstimes.com.sg/property/uk-mortgage-approvals-hit-15-month-high-april-despite-iran-war The Business Times en 2026-06-03T15:46:13+08:00 UK mortgage approvals hit 15-month high in April despite Iran war https://cassette.sphdigital.com.sg/image/businesstimes/9cbaace1f8aa26d04fd2fb05317460fe967e8e9458012cdd235c0c56978937a2 The property market in the UK started the year on a strong footing as aspiring buyers shrugged off fears of tax rises. The property market in the UK started the year on a strong footing as aspiring buyers shrugged off fears of tax rises. https://www.businesstimes.com.sg/international/global/global-economy-risks-slump-prolonged-iran-conflict-oecd The Business Times en 2026-06-03T15:40:40+08:00 Global economy risks slump on prolonged Iran conflict: OECD https://cassette.sphdigital.com.sg/image/businesstimes/09b9962304ae76dd527bd9ba1bcc91d050ba8f5b69e59bc62da4bf7372731656 Should disruptions persist into 2027, global growth would slip to 1.8%, according to the OECD. Should disruptions persist into 2027, global growth would slip to 1.8%, according to the OECD. https://www.businesstimes.com.sg/property/chinas-real-estate-funk-dragging-down-property-service-providers-too The Business Times en 2026-06-03T15:33:01+08:00 China’s real estate funk is dragging down property service providers, too https://cassette.sphdigital.com.sg/image/businesstimes/94b61d2c2cfa4ed8c2eaaa317a28cb96a3e9dd4bd2c0dcf785a08b6a216ad772 Commercial and residential buildings are pictured in Guangzhou, China. After decades of overbuilding, many compounds in the country are now partly vacant. After decades of overbuilding, many compounds in China are now partly vacant. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-scales-back-plan-internal-mouse-tracking-tech-citing-staff-concerns The Business Times en 2026-06-03T15:31:13+08:00 Meta scales back plan for internal mouse-tracking tech, citing staff concerns https://cassette.sphdigital.com.sg/image/businesstimes/5a34aa8048d95f921252bc4bee23153bebde2cc82d8b3211aee2360be613be8c Meta announced in May that it was installing new tracking software on US-based employees’ computers to capture mouse movements, clicks and ​keystrokes for use in training its AI models. Meta announced in May that it was installing new tracking software on US-based employees’ computers to capture mouse movements, clicks and ​keystrokes for use in training its AI models. https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/bitcoins-break-tech-widens-after-strategys-sale-feeds-rout The Business Times en 2026-06-03T15:19:11+08:00 Bitcoin’s break with tech widens after strategy’s sale feeds rout https://cassette.sphdigital.com.sg/image/businesstimes/7810aeb0d01ffd3759199fd0490f43c73a5edfe5f4df6a9d291e64547a6bf330 Investors have pulled nearly US$4 billion from US-listed Bitcoin exchange-traded funds over the past 12 sessions. Investors have pulled nearly US$4 billion from US-listed Bitcoin exchange-traded funds over the past 12 sessions. https://www.businesstimes.com.sg/lifestyle/arts-design/sifa-2026-what-arts-festival-learnt-netflix The Business Times en 2026-06-03T14:59:48+08:00 Sifa 2026: What an arts festival learnt from Netflix https://cassette.sphdigital.com.sg/image/businesstimes/a7e3b56ac7977ebc342cf680a7fab2b306a384b8705edb47726827721f9f6b14 Sifa 2026 leaned into spectacle, public programming and accessible entry points, which helped draw more than 100,000 festival-goers. Sifa 2026 leaned into spectacle, public programming and accessible entry points, which helped draw more than 100,000 festival-goers. https://www.businesstimes.com.sg/companies-markets/dfis-guardian-stores-add-holland-barrett-range-uk-brand-makes-singapore-comeback The Business Times en 2026-06-03T14:33:15+08:00 DFI’s Guardian stores add Holland & Barrett range as UK brand makes Singapore comeback https://cassette.sphdigital.com.sg/image/businesstimes/06da50ffed89420c0aba4982ea258639539f342fdcc615af2629f4de825ad024 DFI, operator of Guardian in Singapore, will be Holland & Barrett's distribution partner in several Asian markets. DFI, operator of Guardian in Singapore, will be Holland & Barrett's distribution partner in several Asian markets. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-funds-buy-japan-they-flee-asias-hottest-stock-markets The Business Times en 2026-06-03T14:13:28+08:00 Global funds buy Japan as they flee Asia’s hottest stock markets https://cassette.sphdigital.com.sg/image/businesstimes/a9b50feaa25162e6852e952939622dd2088fb1e5a5bd4c589126d72b36a6904a While financial firms have been the outperformers in Japan this year, the country’s technology companies also have benefited as the popular AI trade broadened. While financial firms have been the outperformers in Japan this year, the country’s technology companies also have benefited as the popular AI trade broadened. https://www.businesstimes.com.sg/international/asean/worlds-biggest-brandy-maker-and-dalmore-owner-sees-opportunity-expand-agave-based-spirits The Business Times en 2026-06-03T14:00:00+08:00 World’s biggest brandy maker and Dalmore owner sees an opportunity to expand into agave-based spirits https://cassette.sphdigital.com.sg/image/businesstimes/a294ea7023c9aa2e578aecf17ec96d06535fbbb0628ad4ab616fb3413e4f9e66 Emperador, which owns brands such as The Dalmore, thinks changing consumer preferences could represent an opportunity for them to enter the mezcal market. Emperador, which owns brands such as The Dalmore, thinks changing consumer preferences could represent an opportunity for it to enter the mezcal market. https://www.businesstimes.com.sg/international/asean/indonesian-stocks-tumble-five-year-low-rupiah-drops-record The Business Times en 2026-06-03T13:35:48+08:00 Indonesian stocks tumble to five-year low, rupiah drops to record https://cassette.sphdigital.com.sg/image/businesstimes/2371c5f8227f432c948122cf25a90a5401bedfcda7462c13694a6846f4e81992 Materials led the declines, with a subgauge of the sector tumbling more than 9%. Materials led the declines, with a subgauge of the sector tumbling more than 10%. https://www.businesstimes.com.sg/companies-markets/us-deficits-not-de-dollarisation-reshaping-bond-markets-franklin-templeton The Business Times en 2026-06-03T13:00:00+08:00 US deficits, not de-dollarisation, reshaping bond markets: Franklin Templeton https://cassette.sphdigital.com.sg/image/businesstimes/e1b99c5e1d659952982b113d31f6e08f8e1a48c3c580e466a1984f36644c3e17 Desai sees no need to take massive bets on duration right now, saying that observers should focus on active, highly selective allocations with a strict short-duration bias. Franklin Templeton's Sonal Desai says investors should be cautious about making aggressive bets on falling interest rates. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/chinese-investors-exit-hong-kong-stocks-ai-woos-money-onshore The Business Times en 2026-06-03T12:46:47+08:00 Chinese investors exit Hong Kong stocks as AI woos money onshore https://cassette.sphdigital.com.sg/image/businesstimes/87196069eda0a5f2628d97e2def8bfb4e5409c92522a657479c4284704135741 The Hong Kong exchange, which is the most preferred venue for Chinese companies looking to raise offshore capital, was the world’s top market for IPOs last year. Investors’ patience is wearing thin after four consecutive months of Hong Kong stocks’ underperformance to onshore peers. https://www.businesstimes.com.sg/property/orchard-plot-jurong-east-ec-raffles-town-club-site-among-10-new-housing-parcels-h2-gls-plan The Business Times en 2026-06-03T12:22:03+08:00 Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan https://cassette.sphdigital.com.sg/image/businesstimes/1604d9c11141b7afea62f482457223bb39a3cce9f5cb1303a847374d87359b23 The Orchard Boluevard plot (in orange) is estimated to yield around 110 new private homes.  The Orchard Boluevard plot (in orange) is estimated to yield around 110 new private homes.  https://www.businesstimes.com.sg/international/asean/philippines-scores-investment-pledges-fading-fdi-risks-missing-asean-manufacturing-boom The Business Times en 2026-06-03T12:01:01+08:00 Philippines scores investment pledges, but fading FDI risks missing Asean manufacturing boom https://cassette.sphdigital.com.sg/image/businesstimes/77b782ff05ce7fbe1cc91b60a450a4c9d46f93039effc469fbe0a2d1075c8b64 The Philippines’ approved foreign investment pledges came in at 42.6 billion pesos in the first quarter of 2026, official data shows. The Philippines’ approved foreign investment pledges came in at 42.6 billion pesos in the first quarter of 2026, official data shows. https://www.businesstimes.com.sg/international/global/singapore-among-countries-facing-proposed-us-levy-least-10-over-forced-labour-imports The Business Times en 2026-06-03T11:59:09+08:00 Singapore among countries facing proposed US levy of at least 10% over forced labour imports https://cassette.sphdigital.com.sg/image/businesstimes/cfa1423ea90384666fabae91e337e71333f2e02b8f288752ab1bab177185f025 The move will test the tolerance of the largest US economic partners, who have largely restrained from retaliating against Trump’s tariffs. The move will test the tolerance of the largest US economic partners, who have largely restrained from retaliating against Trump’s tariffs. https://www.businesstimes.com.sg/international/china-expands-outbound-investment-rules-cover-individuals The Business Times en 2026-06-03T11:33:36+08:00 China expands outbound investment rules to cover individuals https://cassette.sphdigital.com.sg/image/businesstimes/71455ed4fbf31f75dd4eb102071836120d9efdf80e45ba67104b3b5f7713ddd7 The regulatory overhaul comes as Beijing grows increasingly concerned about unregulated capital outflows. The regulatory overhaul comes as Beijing grows increasingly concerned about unregulated capital outflows. https://www.businesstimes.com.sg/international/asean/vietnam-posts-largest-trade-deficit-record-imports-surge The Business Times en 2026-06-03T11:28:16+08:00 Vietnam posts largest trade deficit on record as imports surge https://cassette.sphdigital.com.sg/image/businesstimes/b10a06cf264982593f0f05a1461aed74e0fc39268f037f5519669e3a16a86d9e Vietnam's Inflation quickened as a surge in global energy prices driven by the Iran war fed into transport, services and material costs. Vietnam's Inflation quickened as a surge in global energy prices driven by the Iran war fed into transport, services and material costs. https://www.businesstimes.com.sg/international/asean/indonesia-wealth-fund-danantara-taps-lenders-including-dbs-potential-us-dollar-bond-sale The Business Times en 2026-06-03T11:09:20+08:00 Indonesia wealth fund Danantara taps lenders including DBS for potential US dollar bond sale 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 was established last year in a bid to improve the efficiency of Indonesia’s powerful state-owned enterprises. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-edges-lower-uncertainty-clouds-talks-end-us-iran-war The Business Times en 2026-06-03T10:45:26+08:00 Gold edges lower as uncertainty clouds talks to end US-Iran war https://cassette.sphdigital.com.sg/image/businesstimes/5dbfa38bc1cd7ca86983009a086be57de7d50e933a69bc4f60161bd1e227242e Spot gold fell 0.2% to US$4,476.50 per ounce by 9.03 am in Singapore. Bullion fell as much as 0.6% to near US$4,460 an ounce, before paring losses https://www.businesstimes.com.sg/international/japan-approves-3-1-trillion-yen-extra-budget-cushion-middle-east-impact The Business Times en 2026-06-03T10:27:42+08:00 Japan approves 3.1 trillion yen extra Budget to cushion Middle East impact https://cassette.sphdigital.com.sg/image/businesstimes/ac65875ee0b8bd6c163c66d57d0d069c4548786b7f9aa552f1bde4f8801ef7ac The package underscores the growing economic impact of prolonged instability in the Middle East. The package underscores the growing economic impact of prolonged instability in the Middle East. https://www.businesstimes.com.sg/international/tiktok-billionaire-overtakes-mukesh-ambani-asias-second-richest-person The Business Times en 2026-06-03T10:16:51+08:00 TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person https://cassette.sphdigital.com.sg/image/businesstimes/070dbf4184efac3ae7842d575aa5e853fe7b317844d52ec3ea1296e0e08c1d5b ByteDance co-founder Zhang Yiming Zhang Yiming’s net worth climbs to US$92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. https://www.businesstimes.com.sg/companies-markets/vins-holdings-probe-confirms-fraud-risks-linked-s44300-irregular-transactions-involving-ex-staff The Business Times en 2026-06-03T10:02:32+08:00 Vin’s Holdings’ probe confirms fraud risks linked to S$44,300 in irregular transactions involving ex-staff https://cassette.sphdigital.com.sg/image/businesstimes/a0d5810490318a303a19feb3cc7fb2f2b10aa52abe5e62b2a5c64f0194e5ecf4 SGX listed Vin's Automotive Group display at The Car Expo May 2026 Singapore. This follows an investigation into irregular transactions made to an entity controlled by a former staff, which came to light in April. https://www.businesstimes.com.sg/companies-markets/banking-finance/stanchart-sees-growth-opportunities-firms-reduce-single-points-vulnerability The Business Times en 2026-06-03T10:00:00+08:00 StanChart sees growth opportunities as firms reduce ‘single points of vulnerability’ https://cassette.sphdigital.com.sg/image/businesstimes/c3ffde35139d2f5fe261b7b8cb2b7035c7dc0458f6d6a0996e9ef0ee25333bec Standard Chartered’s Ben Hung says the bank is “in a compounding phase of growth”. President for international Benjamin Hung says Standard Chartered is “in a compounding phase of growth”. https://www.businesstimes.com.sg/property/land-4745-private-homes-supplied-h2-2026-gls-confirmed-list-including-jurong-lake-district-white The Business Times en 2026-06-03T09:37:45+08:00 Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site https://cassette.sphdigital.com.sg/image/businesstimes/d4c68a03ea955aa1371bbf72a65bd5c30b1a6dc57aa6a2d5e01c3702e7d71503 A photo of private housing in Singapore. MND released the government land sales programme for private residential, commercial and hotel sites for second-half 2026 on Wednesday. The Ministry of National Development released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday. https://www.businesstimes.com.sg/international/global/how-chinas-wealthy-sidestep-strict-rules-get-money-out-country The Business Times en 2026-06-03T09:01:21+08:00 How China’s wealthy sidestep strict rules to get money out of the country https://cassette.sphdigital.com.sg/image/businesstimes/14c36a813d233aebc67e81614379651408cae7cca89ba21efdf692d1bdf8ac72 Concerns about China’s economic outlook and a drive by President Xi Jinping to reduce inequality have prompted many wealthy families to seek a financial foothold overseas. Individuals are generally limited to transferring US$50,000 overseas each year, while emigrants are given a one-time opportunity to move their assets abroad. https://www.businesstimes.com.sg/international/global/hostilities-flare-iran-war-oil-jumps-talks-stalemate The Business Times en 2026-06-03T08:32:09+08:00 Hostilities flare in Iran war, oil jumps with talks at a stalemate https://cassette.sphdigital.com.sg/image/businesstimes/5d5c5555e85cae3a9515e5f050b11db56b86fc3f84bd9d64c997b804c66b4575 IRGC navy also targeted a vessel it identified as Panaya with missiles in response to what it said. Since the conflict began in late February, Iran has repeatedly attacked targets in the Gulf region where US military bases are located. https://www.businesstimes.com.sg/companies-markets/stocks-watch-esr-reit-del-monte-pacific-vins-holdings The Business Times en 2026-06-03T08:28:51+08:00 Stocks to watch: ESR Reit, Del Monte Pacific, Vin’s Holdings https://cassette.sphdigital.com.sg/image/businesstimes/011a44eaaa277740ee6d47b5fcb2d9f698d88bd34d82337b616dc63865bae6d5 ESR Reit's manager announced the establishment of a S$2 billion Euro Medium Term Securities Programme on Tuesday. ESR Reit's manager announces the establishment of a two billion euro medium term securities programme. https://www.businesstimes.com.sg/companies-markets/nvidias-pc-push-carries-downside-risk-aem-dbs-maintains-buy-s11-80-target The Business Times en 2026-06-03T08:23:00+08:00 Nvidia’s PC push carries downside risk for AEM, but DBS maintains ‘buy’ with S$11.80 target https://cassette.sphdigital.com.sg/image/businesstimes/f5315aaaa20cad6f53ce10cf95a0fd0b175d8344a98101f8dde6efc195d9439e Despite the downside risk, DBS Group Research maintained its buy rating on AEM with a 12-month target price of S$11.80, unchanged from its previous report on May 13. Nvidia’s RTX Spark will add pressure to the wider client processor ecosystem where AEM’s major customers are active, say analysts. https://www.businesstimes.com.sg/companies-markets/banking-finance/asian-central-banks-turn-hawkish-ai-and-oil-shocks-hit-region The Business Times en 2026-06-03T08:10:32+08:00 Asian central banks turn hawkish as AI and oil shocks hit region https://cassette.sphdigital.com.sg/image/businesstimes/fda5c9f488b648fbe559a57e3a80b54a74e5710f05e072590ecd21b406ec3492 The Bank of Japan is widely expected to raise its benchmark interest rate at its meeting in mid-June to the highest level since 1995. The Bank of Japan is widely expected to raise its benchmark interest rate at its meeting in mid-June to the highest level since 1995. https://www.businesstimes.com.sg/international/us-appeals-trade-court-order-broad-ieepa-tariff-refunds The Business Times en 2026-06-03T07:23:42+08:00 US appeals trade court order for broad Ieepa tariff refunds https://cassette.sphdigital.com.sg/image/businesstimes/eca544ec1af3da2c972caa8fdf45e7aa79ac3748a4ae56be688c6f6b76b7e0ab Trade lawyers have expressed concerns for months that the Trump administration’s plan for refunds would place too much of the burden on importers to act. Trade lawyers have expressed concerns for months that the Trump administration’s plan for refunds would place too much of the burden on importers to act. https://www.businesstimes.com.sg/opinion-features/kevin-warshs-fed-regime-change-comes-catch The Business Times en 2026-06-03T07:00:00+08:00 Kevin Warsh’s Fed regime change comes with a catch https://cassette.sphdigital.com.sg/image/businesstimes/44037e7c2c39117638d94058b8b2857956535be2ab576d874fd1261b4197d05a Kevin Warsh, chairman of the US Federal Reserve, speaks during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Warsh, who's promised the biggest shakeup in decades at the US central bank, takes over at a tense moment for the economy and the central bank. Warsh has long argued that the central bank should aggressively shrink its US$6.7 trillion balance sheet, bloated by years of bond buying. https://www.businesstimes.com.sg/opinion-features/columns/markets-are-ignoring-warning-signs The Business Times en 2026-06-03T07:00:00+08:00 Markets are ignoring warning signs https://cassette.sphdigital.com.sg/image/businesstimes/25b4ad3b6416b61b588fb7653a057696d7256bc39214eeb07ba58a2449b2e628 stock markets Wall Street continues climbing to fresh highs despite the ongoing Iran conflict and the very real possibility that sustained high oil prices could reignite inflation. https://www.businesstimes.com.sg/companies-markets/encouraging-momentum-fund-managers-singapores-s6-5-billion-equity-push-amid-volatile-markets The Business Times en 2026-06-03T07:00:00+08:00 ‘Encouraging momentum’: Fund managers on Singapore’s S$6.5 billion equity push amid volatile markets https://cassette.sphdigital.com.sg/image/businesstimes/f3bd1e0b0b4691e61f5edbeffe823ff84909907143cc71511b63ef5e57a40807 MAS is expected to appoint a third batch of asset managers under EQDP in the coming weeks, in line with its target to do so by end-June. MAS is expected to appoint a third batch of asset managers under EQDP in the coming weeks, in line with its target to do so by end-June. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-reveals-new-quantum-chip-made-ai-says-it-will-have-systems-2029 The Business Times en 2026-06-03T06:47:37+08:00 Microsoft reveals new quantum chip made with AI, says it will have systems by 2029 https://cassette.sphdigital.com.sg/image/businesstimes/609636d17a38188863ee53fd18872e60a77b152599171735e0255b86c74a4211 Microsoft’s approach to quantum computing relies on quasiparticles known as Majoranas, which had not been proven to exist until Microsoft claimed to have observed them. Microsoft’s approach to quantum computing relies on quasiparticles known as Majoranas, which had not been proven to exist until Microsoft claimed to have observed them. https://www.businesstimes.com.sg/international/global/oil-prices-rise-one-week-high-iran-reviews-us-proposal-halt-war The Business Times en 2026-06-03T06:18:35+08:00 Oil prices rise to one-week high as Iran reviews US proposal to halt war https://cassette.sphdigital.com.sg/image/businesstimes/5bb1b3d7af2b82522f2599d22adb8e1d690bf55ca62b1fda4bb909d8c3c3c6e8 Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace. Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-modestly-higher-ai-zeal-overcomes-middle-east-jitters The Business Times en 2026-06-03T05:55:58+08:00 Wall Street ends modestly higher as AI zeal overcomes Middle East jitters https://cassette.sphdigital.com.sg/image/businesstimes/25212e0ca64d571b0ea9741ba9dcdb5287b23812d066f499e58831e98e6125f4 The S&P 500 posted 29 new 52-week highs and 17 new lows while the Nasdaq Composite recorded 134 new highs and 96 new lows. Small-cap stocks have been some of the biggest beneficiaries of the ongoing enthusiasm surrounding AI stocks. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-rise-stmicroelectronics-lifts-tech-inflation-backs-ecb-hike-bets The Business Times en 2026-06-03T05:44:01+08:00 European shares rise as STMicroelectronics lifts tech; inflation backs ECB hike bets https://cassette.sphdigital.com.sg/image/businesstimes/9ac999c6cea4911f9038c99b38c0796f836b07541cf1356b802ec0959260e147 The pan-European Stoxx 600 index rose 0.7% to 625.34 points. The pan-European Stoxx 600 index rose 0.7% to 625.34 points. https://www.businesstimes.com.sg/international/us-job-openings-jump-nearly-two-year-high-layoffs-fall The Business Times en 2026-06-02T23:15:29+08:00 US job openings jump to nearly two-year high as layoffs fall https://cassette.sphdigital.com.sg/image/businesstimes/ba5c735c5c1eebee3568b805ee680b5edb5cd2ccdd9c49c92474188d00d13a18 The overall number of hires fell to 5.1 million, partly unwinding a surge in March, while layoffs moderated to 1.7 million. The overall number of hires fell to 5.1 million, partly unwinding a surge in March, while layoffs moderated to 1.7 million. https://www.businesstimes.com.sg/international/oil-drops-iran-reviews-proposed-us-agreement The Business Times en 2026-06-02T22:32:30+08:00 Oil drops as Iran reviews proposed US agreement https://cassette.sphdigital.com.sg/image/businesstimes/69e4b4178f12536a0192bab30c9a2a2917ebf7466ee6aa44ba9b3f21fdd323d5 US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week will be in place. US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week would be in place. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-pull-back-traders-evaluate-new-middle-east-developments The Business Times en 2026-06-02T22:31:30+08:00 US stocks pull back as traders evaluate new Middle East developments https://cassette.sphdigital.com.sg/image/businesstimes/c6f89176c2be5f8d855fb895cdf6020434d133b6c31d34a1aecb14d294cadece Shares of Hewlett Packard Enterprise are up 25% after the company's outlook for annual sales topped estimates. Shares of Hewlett Packard Enterprise are up 25% after the company's outlook for annual sales topped estimates. https://www.businesstimes.com.sg/companies-markets/victorias-secret-soars-turnaround-powers-upbeat-annual-forecasts The Business Times en 2026-06-02T22:00:03+08:00 Victoria’s Secret soars as turnaround powers upbeat annual forecasts https://cassette.sphdigital.com.sg/image/businesstimes/deb085e1af224512f34f33dd7afd7f254ec595fb76277e6de6cdb75666674593 Victoria’s Secret has revived its popular annual runway show after a six-year hiatus. Victoria’s Secret has revived its popular annual runway show after a six-year hiatus. https://www.businesstimes.com.sg/international/asean/indonesian-business-groups-call-clarity-about-new-commodity-export-rules The Business Times en 2026-06-02T21:39:58+08:00 Indonesian business groups call for clarity about new commodity export rules https://cassette.sphdigital.com.sg/image/businesstimes/ca88b1b36f8cc5c871440deee646463ace819dcbc4d0b2a2dbeb5cf21ac528ef President Prabowo Subianto on May 20 announced that Indonesia would centralise exports of strategic commodities through Danantara Sumberdaya Indonesia. President Prabowo Subianto on May 20 announced that Indonesia would centralise exports of strategic commodities through Danantara Sumberdaya Indonesia. https://www.businesstimes.com.sg/singapore/economy-policy/singapores-pmi-inches-51-may-electronics-sector-maintains-growth The Business Times en 2026-06-02T21:00:00+08:00 Singapore’s PMI inches up to 51 in May as electronics sector maintains growth https://cassette.sphdigital.com.sg/image/businesstimes/7ff1a22ca6049d5edec75bef758d121e3c75ce8e043348bd764b2c2132f5d47f singapore manufacturing Many regional economies picked up in May, though China and Malaysia both declined. https://www.businesstimes.com.sg/international/iran-studying-deal-halt-war-stalemate-persists The Business Times en 2026-06-02T20:55:28+08:00 Iran studying deal to halt war as stalemate persists https://cassette.sphdigital.com.sg/image/businesstimes/9b46a60e51c3cc08a597923607c7871368777da885ba6c552bbf76f90bed2c53 A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week. A ceasefire has largely held since early April, but Iran and the US have exchanged strikes several times over the past week. https://www.businesstimes.com.sg/international/tesla-extends-chinese-made-ev-growth-sales-surge-may The Business Times en 2026-06-02T20:48:35+08:00 Tesla extends Chinese-made EV growth as sales surge in May https://cassette.sphdigital.com.sg/image/businesstimes/c9ef5f98219c81c8f186b1f17cdbe165c57b68b6687d7d583ce7009ee625a9a5 Tesla's new registrations rebounded in several European markets in May, extending a recovery after earlier demand weakness in the continent. Tesla's new registrations rebounded in several European markets in May, extending a recovery after earlier demand weakness in the continent. https://www.businesstimes.com.sg/companies-markets/energy-commodities/iea-sees-possibility-critically-low-oil-stockpiles-ahead-peak-summer-demand The Business Times en 2026-06-02T20:25:24+08:00 IEA sees possibility of critically low oil stockpiles ahead of peak summer demand https://cassette.sphdigital.com.sg/image/businesstimes/a3587e4091fa7c771746d61f84516350a7d0df8ce1d67b22acfe4512feb3a192 It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official. It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official. https://www.businesstimes.com.sg/international/un-urges-world-be-ready-extreme-heat-risk-el-nino The Business Times en 2026-06-02T20:16:54+08:00 UN urges the world to be ready for extreme heat risk from El Nino https://cassette.sphdigital.com.sg/image/businesstimes/2e6b41cad183e27cccf1b7c0493244859a35575b55dba5078135b32b440a3e13 WMO secretary-general Celeste Saulo says a strong El Nino will "exacerbate drought and heavy rainfall and increase the risk of heatwaves". WMO secretary-general Celeste Saulo says a strong El Nino will "exacerbate drought and heavy rainfall and increase the risk of heatwaves". https://www.businesstimes.com.sg/international/us-cuts-tariffs-boost-investment-industrial-economy The Business Times en 2026-06-02T19:42:21+08:00 US cuts tariffs to boost investment in industrial economy https://cassette.sphdigital.com.sg/image/businesstimes/69e4b4178f12536a0192bab30c9a2a2917ebf7466ee6aa44ba9b3f21fdd323d5 US President Donald Trump has cited rising costs as a justification for the move.  US President Donald Trump has cited rising costs as a justification for the move.  https://www.businesstimes.com.sg/companies-markets/banking-finance/ubs-offers-its-first-at1-swiss-authorities-paused-reforms The Business Times en 2026-06-02T18:47:55+08:00 UBS offers its first AT1 since Swiss authorities paused reforms https://cassette.sphdigital.com.sg/image/businesstimes/28c1c19f883aa0fbf618f418e9ba5cf7ad22d5708c80ee8c54f6028e5d36472c The offering is the first since the Swiss government decided in late April not to proceed, for the time being, with proposed adjustments to AT1 regulations. The offering is the first since the Swiss government decided in late April not to proceed, for the time being, with proposed adjustments to AT1 regulations. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-jun-22 The Business Times en 2026-06-02T18:40:29+08:00 Daily Debrief: What Happened Today (Jun 2) https://cassette.sphdigital.com.sg/image/businesstimes/25892f17cdd682ce31150042c9cc7bd924e6cfc1c1c647d761e4ac5d3f1775fd Mainboard-listed food and beverage group Del Monte Pacific submitted a group capital and financial recovery plan to the Philippine Stock Exchange (PSE) on Monday (Jun 1), outlining a framework to address the debt obligations of the group. The framework will cover Del Monte's debt restructuring at an operating subsidiary level. https://www.businesstimes.com.sg/international/eurozone-inflation-rises-again-reinforcing-case-ecb-hike The Business Times en 2026-06-02T18:36:10+08:00 Eurozone inflation rises again, reinforcing case for ECB hike https://cassette.sphdigital.com.sg/image/businesstimes/7aa21a944a190364795a63f32e39ac0b61123ef4fee4d207df4910c47a526681 Indicators from PMI surveys to the ECB’s own data point to growing pressure on the real economy. Indicators from PMI surveys to the ECB’s own data point to growing pressure on the real economy. https://www.businesstimes.com.sg/companies-markets/tiger-brokers-parent-fintech-swings-q1-loss-us26-9-million-penalty-china-probe The Business Times en 2026-06-02T18:30:41+08:00 Tiger Brokers’ parent UP Fintech swings into Q1 loss of US$26.9 million on penalty from China probe https://cassette.sphdigital.com.sg/image/businesstimes/cc0e5b7259e76e2d038a539f07c471aa0b4edcd8cd38b4351ab1c1b6e231e98c Tiger Brokers now has 1.28 million funded accounts, having added 28,900 in Q1. Tiger Brokers now has 1.28 million funded accounts, having added 28,900 in Q1. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-rise-tuesday-sti-1-2 The Business Times en 2026-06-02T18:21:38+08:00 Singapore stocks rise on Tuesday; STI up 1.2% https://cassette.sphdigital.com.sg/image/businesstimes/835e5bfcf67dab606b44255527df5f88ada60c5add96626a537934472ee5697f Across the broader market, gainers trailed losers 335 to 347, after 1.9 billion securities worth S$2.9 billion changed hands. Across the broader market, gainers trail losers 335 to 347, after 1.9 billion securities worth S$2.9 billion change hands. https://www.businesstimes.com.sg/lifestyle/arts-design/s40-million-boost-design-singapores-3-year-strategy-supercharge-sector-under-master-plan The Business Times en 2026-06-02T18:08:57+08:00 S$40 million boost for design: Singapore’s 3‑year strategy to supercharge sector under master plan https://cassette.sphdigital.com.sg/image/businesstimes/96753d897d0f9a7e292d2d58a63d6c5635a7dc2e55af82b6554406c6bca6c53d The inaugural Singapore Science Park Design District was a collaboration between CapitaLand and design studio OuterEdit during Singapore Design Week 2025. The Singapore Science Park Design District was a collaboration between CapitaLand and design studio OuterEdit during Singapore Design Week 2025. https://www.businesstimes.com.sg/international/homeownership-not-working-out-uks-middle-class-millennials The Business Times en 2026-06-02T17:57:02+08:00 Homeownership is not working out for the UK’s middle-class millennials https://cassette.sphdigital.com.sg/image/businesstimes/07326b39f0f6cc8f343e204965967c078fc511f6f8c287b1876629f5d39d8723 A glut of apartments has hit the UK market in the past two years, as new, tougher regulations around property-letting have prompted many landlords to sell up. A glut of apartments has hit the UK market in the past two years, as new, tougher regulations around property-letting have prompted many landlords to sell up. https://www.businesstimes.com.sg/companies-markets/sk-hynix-plans-double-capacity-ease-memory-chip-crunch The Business Times en 2026-06-02T17:50:14+08:00 SK Hynix plans to double capacity to ease memory chip crunch https://cassette.sphdigital.com.sg/image/businesstimes/2e6f1e719abc244d89a7624c79a27a8e79a69655f92cb46c397f96567d3bb637 SK Hynix chairman Chey Tae-won says that the company is responding to an endemic deficit of storage chips that could last till 2030. SK Hynix chairman Chey Tae-won says that the company is responding to an endemic deficit of storage chips that could last till 2030. https://www.businesstimes.com.sg/international/euros-global-role-slightly-still-distant-us-dollar The Business Times en 2026-06-02T17:34:31+08:00 Euro’s global role is up slightly, but still distant from the US dollar https://cassette.sphdigital.com.sg/image/businesstimes/c956369e5e0db3c1dad25bab65b935246ceef77a0e18e2630fd5484d468ed1f5 International debt issuance in euros hit a record high in 2025, says the European Central Bank. International debt issuance in euros hit a record high in 2025, says the European Central Bank. https://www.businesstimes.com.sg/international/thailand-sees-2-growth-and-3-inflation-2026-central-bank-chief-says The Business Times en 2026-06-02T17:25:20+08:00 Thailand sees 2% growth and 3% inflation in 2026, central bank chief says https://cassette.sphdigital.com.sg/image/businesstimes/19b874f90ab65f6e62b61626938bb211b3163b63f8da1b5c56ec5b6640d1e254 The annual inflation rate rose to 2.89% in April, the highest rate in more than three years, due to higher energy costs. The annual inflation rate rose to 2.89% in April, the highest rate in more than three years, due to higher energy costs. https://www.businesstimes.com.sg/companies-markets/keppel-should-take-heart-its-success-and-make-firm-pledge-scope-3-emissions The Business Times en 2026-06-02T17:17:48+08:00 Keppel should take heart from its success and make a firm pledge on Scope 3 emissions https://cassette.sphdigital.com.sg/image/businesstimes/7b57d086613d5cf8a82fe0b93c6f81a1265e3d0dc1bc9a4bd8227a401f1061b1 sakeppel28 - Keppel is driving the development of energy-efficient data centres. (In picture: Keppel DC Singapore 7 and Keppel DC Singapore 8, which have achieved the BCA Green Mark Platinum Award, the highest green accolade for new data centre developments in Singapore.) Credit: Keppel Keppel is significantly ahead of schedule on its 2050 target to hit net zero on Scope 1 and 2 emissions. https://www.businesstimes.com.sg/opinion-features/asia-has-three-year-window-seize-ai-leadership-through-digital-sovereignty The Business Times en 2026-06-02T17:00:00+08:00 Asia has a three-year window to seize AI leadership through digital sovereignty https://cassette.sphdigital.com.sg/image/businesstimes/baa7efbf1ec4fa73fd0d686fdf507075d64ad5e12a1d2202e4227eaa89fb73f3 Singapore’s Model AI Governance Framework serves as a vital regional blueprint as governments strengthen safeguards around cybersecurity, data governance and digital resilience. Singapore’s Model AI Governance Framework serves as a vital regional blueprint as governments strengthen safeguards around cybersecurity, data governance and digital resilience. https://www.businesstimes.com.sg/companies-markets/sats-venture-are-top-sti-performers-record-setting-may The Business Times en 2026-06-02T16:38:12+08:00 Sats, Venture are top STI performers in record-setting May https://cassette.sphdigital.com.sg/image/businesstimes/011a44eaaa277740ee6d47b5fcb2d9f698d88bd34d82337b616dc63865bae6d5 The index’s performance came amid a “resilient” macroeconomic backdrop, supported by firm GDP growth, said SGX. The index’s performance came amid a “resilient” macroeconomic backdrop, supported by firm GDP growth, says SGX. https://www.businesstimes.com.sg/international/how-japan-lost-three-million-people-five-years The Business Times en 2026-06-02T16:36:55+08:00 How Japan lost three million people in five years https://cassette.sphdigital.com.sg/image/businesstimes/0bacdc5ceaa49d2501acb26c8bc1c963e7bf8fc8a29322f899ed5b692872f957 All but two of Japan’s 47 prefectures reported population decreases in 2025, census data shows. Japan is a harbinger of the demographic challenges that will soon buffet other developed countries. https://www.businesstimes.com.sg/opinion-features/turnberry-deal-wont-fix-transatlantic-trade-its-start The Business Times en 2026-06-02T16:25:12+08:00 Turnberry deal won’t fix transatlantic trade. But it’s a start https://cassette.sphdigital.com.sg/image/businesstimes/e8f3fede3ceb1007d55d15cdf83ed2c101b70b5faa97412524af7ac30f2300be U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after an announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. US President Donald Trump (right) with European Commission President Ursula von der Leyen, after a trade deal was agreed in Turnberry, Scotland in 2025. https://www.businesstimes.com.sg/lifestyle/paul-mccartney-doesnt-need-make-music-anymore-he-just-loves The Business Times en 2026-06-02T16:20:23+08:00 Paul McCartney doesn’t need to make music anymore. He just loves to https://cassette.sphdigital.com.sg/image/businesstimes/52b6be3b6751de11c5817e69f4fe665bce4f27449ecaf0f2952732bc27d1ef27 Prolific as he has been – through the Beatles, Wings and solo albums – Paul McCartney doesn’t follow any songwriting discipline or routine. Prolific as he has been – through the Beatles, Wings and solo albums – Paul McCartney doesn’t follow any songwriting discipline or routine. https://www.businesstimes.com.sg/property/temaseks-mapletree-investments-fy2026-net-profit-rises-25-7-s285-6-million-lower-revaluation-losses The Business Times en 2026-06-02T16:12:30+08:00 Temasek’s Mapletree Investments FY2026 net profit rises 25.7% to S$285.6 million on lower revaluation losses https://cassette.sphdigital.com.sg/image/businesstimes/731f5b0307138417b1df05b27a8684d31429d839e87b14b284e9a0038f50c1bd In the latest financial year, Mapletree chalked up total gross proceeds of S$4.2 billion from divestments. In the latest financial year, Mapletree chalked up total gross proceeds of S$4.2 billion from divestments. https://www.businesstimes.com.sg/opinion-features/why-smes-are-being-left-behind-ai-integration-race The Business Times en 2026-06-02T16:00:00+08:00 Why SMEs are being left behind in the AI integration race https://cassette.sphdigital.com.sg/image/businesstimes/505a35eef6e4d0770eb643637b9d12f621fb0c9e9f82baa046deeaaf0e66ded6 Although IMDA reported that three-quarters of the Singapore workforce use AI at work, AI adoption is not the same as AI integration. Although IMDA reported that three-quarters of the Singapore workforce use AI at work, AI adoption is not the same as AI integration. https://www.businesstimes.com.sg/wealth/wealth-investing/trouble-calling-market-bubbles The Business Times en 2026-06-02T15:52:19+08:00 The trouble with calling market bubbles https://cassette.sphdigital.com.sg/image/businesstimes/66fccfde3336828ab8cbf3e8c310e2cf523ae171cfcdc712420a66807729f7e7 Based on a Yale study, after a market doubled within one to three years, a crash that erased the gains occurred only about 10 per cent of the time. In 26 per cent of cases, the market simply doubled again. After a market doubled within one to three years, a crash that erased the gains occurred 10% of the time while the market doubled again in 26% of cases. https://www.businesstimes.com.sg/lifestyle/luxury-brands-seek-lure-americas-ai-super-rich The Business Times en 2026-06-02T15:41:26+08:00 Luxury brands seek to lure America’s AI super-rich https://cassette.sphdigital.com.sg/image/businesstimes/0b627266d1ffb56fdbbd35fc1e6db2295fe0b07ba03bb8a0b8da7197cdc60086 Luxury brands, such as LVMH, Moncler and Gucci, have been quick to respond to the new crop of wealthy shoppers in the US enriched by the AI and tech boom. Luxury brands, such as LVMH, Moncler and Gucci, have been quick to respond to the new crop of wealthy shoppers in the US enriched by the AI and tech boom. https://www.businesstimes.com.sg/wealth/wealth-investing/nodx-macro-tailwind-can-sgx-listed-semiconductor-stocks-deliver The Business Times en 2026-06-02T15:37:10+08:00 NODX a macro tailwind, but can SGX-listed semiconductor stocks deliver? https://cassette.sphdigital.com.sg/image/businesstimes/85b2d7695b5a3bf7b65194b73250b65b043720e43f2bad10d9646b239423b1a2 Singapore accounts for roughly 20 per cent of global semiconductor equipment production. Its position across memory, advanced packaging and equipment becomes structurally harder to bypass as AI chip complexity increases. Singapore accounts for roughly 20% of global semiconductor equipment production. Its position across memory, advanced packaging and equipment becomes structurally harder to bypass as AI chip complexity increases. https://www.businesstimes.com.sg/international/indonesia-april-trade-surplus-smallest-six-years-may-inflation-quickens The Business Times en 2026-06-02T15:27:09+08:00 Indonesia April trade surplus smallest in six years, May inflation quickens https://cassette.sphdigital.com.sg/image/businesstimes/c8c5a0b145cee936b66bff6652c09a8425c5199d66f9bc8c98f35f6112eb02db FILE PHOTO: A worker stands on a container at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. Picture taken January 11, 2021. REUTERS/Willy Kurniawan/File Photo Exports jumped 21.98 per cent on a yearly basis to US$25.3 billion, helped by a strong rise in shipments of manufactured goods. https://www.businesstimes.com.sg/companies-markets/hedge-fund-arrowpoint-hires-10-trading-teams-seeks-boost-capital The Business Times en 2026-06-02T15:15:14+08:00 Hedge fund Arrowpoint hires 10 trading teams, seeks to boost capital https://cassette.sphdigital.com.sg/image/businesstimes/50e0739df181059f0d61bd94ced34af7a68a0b1fac1c0b745b7359e226577eed Arrowpoint counts the Seviora Capital unit of Singapore’s Temasek Holdings as investors Arrowpoint counts the Seviora Capital unit of Singapore’s Temasek Holdings as investors https://www.businesstimes.com.sg/companies-markets/del-monte-pacific-submits-us1-2-billion-restructuring-plan-after-us-units-bankruptcy The Business Times en 2026-06-02T15:11:49+08:00 Del Monte Pacific submits US$1.2 billion restructuring plan after US unit’s bankruptcy https://cassette.sphdigital.com.sg/image/businesstimes/25892f17cdd682ce31150042c9cc7bd924e6cfc1c1c647d761e4ac5d3f1775fd Mainboard-listed food and beverage group Del Monte Pacific submitted a group capital and financial recovery plan to the Philippine Stock Exchange (PSE) on Monday (Jun 1), outlining a framework to address the debt obligations of the group. The framework will cover debt restructuring at an operating subsidiary level, which involves the refinancing and restructuring of Del Monte Philippines’ existing credit facilities. https://www.businesstimes.com.sg/wealth/wealth-investing/magnificent-seven-old-wineskin-new-wine The Business Times en 2026-06-02T15:10:20+08:00 The Magnificent Seven: Old wineskin for new wine https://cassette.sphdigital.com.sg/image/businesstimes/d7b021bb0237f9fae881b30d68e467d51e18a33c7aca69d93170de056ad71874 Agentic AI systems won’t just answer questions; they will act, plan, reason, and execute complex tasks with minimal human intervention. Agentic AI systems will act, plan, reason and execute complex tasks with minimal human intervention. https://www.businesstimes.com.sg/international/japan-considering-sales-tax-cut-april-2027 The Business Times en 2026-06-02T14:58:54+08:00 Japan considering sales tax cut in April 2027 https://cassette.sphdigital.com.sg/image/businesstimes/8d6b2133aaab2234600d43a8c06ab2399a98ef573425e05e3eb1b2de189facf4 Key to the move would be knowing how to fund the temporary tax cut as bond vigilantes continue to test PM Takaichi’s resolve to pursue her expansionary fiscal policies without relying too heavily on new debt issuance. Key to the move would be knowing how to fund the temporary tax cut as bond vigilantes continue to test PM Takaichi’s resolve to pursue her expansionary fiscal policies without relying too heavily on new debt issuance. https://www.businesstimes.com.sg/international/global/china-robotics-firms-line-ipos-pitch-next-phase-ai The Business Times en 2026-06-02T14:17:15+08:00 China robotics firms line up IPOs to pitch next phase of AI https://cassette.sphdigital.com.sg/image/businesstimes/02f378a8f9a66302f9f6bb24bed36b7b697b1a96082d8a8dc9819d850940daf4 Unitree Robotics, one of the most recognisable names in the industry, on Monday received approval for a listing in Shanghai. Unitree Robotics, one of the most recognisable names in the industry, on Monday received approval for a listing in Shanghai. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-has-capacity-supply-robust-ai-growth-despite-constraints-ceo-jensen-huang The Business Times en 2026-06-02T13:34:22+08:00 Nvidia has capacity to supply robust AI growth despite constraints: CEO Jensen Huang https://cassette.sphdigital.com.sg/image/businesstimes/79676e1395bbf4d6e6fd6cd265150aa78b69a3d0839186e58a53d23cb4c24eae Nvidia's Jensen Huang on May 27 announced plans to invest around US$150 billion a year in Taiwan, describing it as the epicentre of the AI revolution. Nvidia's Jensen Huang on May 27 announced plans to invest around US$150 billion a year in Taiwan, describing it as the epicentre of the AI revolution. https://www.businesstimes.com.sg/international/trump-administration-proposes-25-tariff-punish-brazil-over-trade-practices The Business Times en 2026-06-02T13:20:55+08:00 Trump administration proposes 25% tariff to punish Brazil over trade practices https://cassette.sphdigital.com.sg/image/businesstimes/1c2f9f8fe695025a1ab291d853622bc8b301f49171c6ebea9afbafcc2f86b9fc The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and ethanol market access, the USTR says. The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and ethanol market access, the USTR says. https://www.businesstimes.com.sg/international/asean/gojek-founder-nadiem-pleads-not-guilty-says-world-felt-it-was-ending-when-prison The Business Times en 2026-06-02T13:06:20+08:00 Gojek founder Nadiem pleads not guilty, says ‘the world felt like it was ending’ when in prison https://cassette.sphdigital.com.sg/image/businesstimes/3bf60366e869952181e07600bd31c96aa8bdc74fc4e9ef632f0aba0f9270767c Gojek founder Nadiem Makarim and his wife Franka Makarim at his plea hearing in Central Jakarta District Court on Jun 2. Gojek founder Nadiem Makarim and his wife Franka Makarim at his plea hearing in Central Jakarta District Court on Jun 2. https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-central-bank-cuts-cash-operation-record-low-bond-rally-deepens The Business Times en 2026-06-02T12:53:37+08:00 China’s central bank cuts cash operation to record low as bond rally deepens https://cassette.sphdigital.com.sg/image/businesstimes/0c62a660bd1727672abe283937b42c5d2681eb45f5cf92ee52aa0fa232127821 The PBOC has withdrawn a total of 1.75 trillion yuan of medium- to long-term liquidity over the past three months. The PBOC has withdrawn a total of 1.75 trillion yuan of medium- to long-term liquidity over the past three months. https://www.businesstimes.com.sg/international/global/blackstone-raises-its-largest-asia-private-equity-fund-us13-1-billion-final-close-third-such-fund The Business Times en 2026-06-02T12:21:02+08:00 Blackstone raises its largest Asia private equity fund with US$13.1 billion in final close of third such fund https://cassette.sphdigital.com.sg/image/businesstimes/2b2816927d48b853424f7340198dc02e976f985d980f99d75ab9d8afb04f33a2 Blackstone has raised its largest Asia private equity fund with the final closing of US$13.1 billion for Blackstone Capital Partners Asia III. The fund, BCP Asia III, has exceeded its US$10 billion target. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/general-mills-sell-mainland-china-haagen-dazs-ice-cream-shops-local-tea-brand-ningji The Business Times en 2026-06-02T12:02:52+08:00 General Mills to sell mainland China Haagen-Dazs ice-cream shops to local tea brand Ningji https://cassette.sphdigital.com.sg/image/businesstimes/44c149898595cce0c4fa798cd7b3ec8a14040be394456fb7ed9f187f0cdd4a72 Ningji has more than 3,000 premium tea shops in China. The buyers will be exclusively licensed to use the Haagen-Dazs brand in ice-cream shops and gifting businesses in mainland China. https://www.businesstimes.com.sg/singapore/temaseks-tan-chong-meng-succeeds-eddie-teo-chair-council-presidential-advisers The Business Times en 2026-06-02T11:51:18+08:00 Temasek’s Tan Chong Meng succeeds Eddie Teo as chair of the Council of Presidential Advisers https://cassette.sphdigital.com.sg/image/businesstimes/8124ddc321ccf556030e72e506bcd5e893ff2128cfdc0fb4d80937323f927270 Tan, who was appointed a council member from June 2024 to June 2030, succeeds Eddie Teo, who retired from the council as of Monday. Tan Chong Meng was appointed to be a council member from June 2024 to June 2030. https://www.businesstimes.com.sg/singapore/wp-cadres-meet-june-28-discuss-chief-pritam-singhs-suitability-leader The Business Times en 2026-06-02T11:24:29+08:00 WP cadres to meet on June 28 to discuss chief Pritam Singh’s suitability as leader https://cassette.sphdigital.com.sg/image/businesstimes/7032dd8a82cbb0ad8e0a28f99c337ad708b608003f05cd5168d0846e11e8c71e If he does not resign, he will face a secret vote by cadres to determine if he should remain in the post, according to the notice. Pritam Singh, in his fourth term as an MP for Aljunied GRC, has been party chief since 2018. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alphabet-plans-raise-us80-billion-ai-goals-berkshire-invest-us10-billion The Business Times en 2026-06-02T11:13:13+08:00 Alphabet plans to raise US$80 billion for AI goals, Berkshire to invest US$10 billion https://cassette.sphdigital.com.sg/image/businesstimes/0c8f5ae0feb5a45af8423f4fc427ded256adfe8df67d5790d22c223da1d61286 Google is trying to capitalise on a growing appetite for its homegrown AI chips, known as tensor processing units, or TPUs. Google is trying to capitalise on a growing appetite for its homegrown AI chips, known as tensor processing units, or TPUs. https://www.businesstimes.com.sg/international/prominent-short-seller-andrew-left-found-guilty-securities-fraud-us The Business Times en 2026-06-02T11:06:41+08:00 Prominent short seller Andrew Left found guilty of securities fraud in US https://cassette.sphdigital.com.sg/image/businesstimes/1f3f94a80ec62fa0dc78065568a6400f6dc94b00b9bcae40f62124ac912ba300 Citron Research founder Andrew Left was convicted on 13 of the 17 counts on Jun 1 after a three-week trial in Los Angeles. Citron Research founder Andrew Left was convicted on 13 of the 17 counts on Jun 1 after a three-week trial in Los Angeles. https://www.businesstimes.com.sg/companies-markets/banking-finance/blackstone-raises-us13-1-billion-its-largest-asia-private-equity-fund The Business Times en 2026-06-02T10:28:33+08:00 Blackstone raises US$13.1 billion for its largest Asia private equity fund https://cassette.sphdigital.com.sg/image/businesstimes/2b2816927d48b853424f7340198dc02e976f985d980f99d75ab9d8afb04f33a2 Global institutional and high-net-worth investors have looked to diversify from the US due to high valuations, inflation risks and overall geopolitical uncertainty. Global institutional and high-net-worth investors have looked to diversify from the US due to high valuations, inflation risks and overall geopolitical uncertainty. https://www.businesstimes.com.sg/companies-markets/dbs-ocbc-close-fresh-highs-singapore-banks-lead-sti-gains The Business Times en 2026-06-02T10:13:13+08:00 DBS, OCBC close at fresh highs as Singapore banks lead STI gains https://cassette.sphdigital.com.sg/image/businesstimes/7cf6990abdacd7e015241503437212256bfe82193802ed2be4ab09901a73b553 DBS and OCBC are each up 2.9%, while UOB has advanced 2.1%. DBS and OCBC are each up 2.9%, while UOB has advanced 2.1%. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-overtakes-india-worlds-sixth-largest-stock-market The Business Times en 2026-06-02T10:07:12+08:00 South Korea overtakes India as world’s sixth-largest stock market https://cassette.sphdigital.com.sg/image/businesstimes/7b4658925374566c5db51a406ec138157909051410abc2fb04083d56ea4eecc3 Samsung Electronics and SK Hynix have powered South Korea’s equity surge, lifting the Kospi’s 2026 gains to more than 100%. The total market capitalisation of South Korea-listed companies has soared 86% this year to US$5 trillion. https://www.businesstimes.com.sg/companies-markets/us-sec-defends-settlement-elon-musk-over-twitter-after-judge-overseeing-case-cites-red-flags The Business Times en 2026-06-02T09:50:05+08:00 US SEC defends settlement with Elon Musk over Twitter after judge overseeing case cites ‘red flags’ https://cassette.sphdigital.com.sg/image/businesstimes/0ec3e63b5e929178040a2eb28c0a5923924056779497b3aaa28fd79ffbb71a01 The judge said she must consider whether the settlement between the SEC and Musk served the public interest, and was not tainted by collusion or corruption. The judge said she must consider whether the settlement between the SEC and Musk served the public interest, and was not tainted by collusion or corruption. https://www.businesstimes.com.sg/property/chinese-curbs-risk-derailing-record-hong-kong-home-buying-spree The Business Times en 2026-06-02T09:35:36+08:00 Chinese curbs risk derailing record Hong Kong home-buying spree https://cassette.sphdigital.com.sg/image/businesstimes/8f93a0e1c96b52437d1a6ef6cea2fe0b08991b3f63708e0f1cb1f66f7849c369 Highly educated and affluent Chinese are driving a wave of immigration from the mainland to the former British colony. Highly educated and affluent Chinese are driving a wave of immigration from the mainland to the former British colony. https://www.businesstimes.com.sg/international/south-koreas-inflation-accelerates-supporting-central-banks-hawkish-tilt The Business Times en 2026-06-02T09:01:27+08:00 South Korea’s inflation accelerates, supporting the central bank’s hawkish tilt https://cassette.sphdigital.com.sg/image/businesstimes/574447951e2233042a405fa8898b69b291eadde030fdee0053659a305ed3f93e Core inflation rises 2.5%, suggesting that underlying price pressures are also beginning to broaden alongside higher headline inflation. Core inflation rises 2.5%, suggesting that underlying price pressures are also beginning to broaden alongside higher headline inflation. https://www.businesstimes.com.sg/companies-markets/i-felt-dying-thai-singha-beer-scion-speaks-after-disclosure-alleged-sexual-abuse The Business Times en 2026-06-02T09:00:00+08:00 ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse https://cassette.sphdigital.com.sg/image/businesstimes/e87a42182a5e76612c3ac52e721a2c87461d2017e365ae114c171fe0bfb06384 Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years. Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years. https://www.businesstimes.com.sg/companies-markets/transport-logistics/nio-delivers-37705-vehicles-may-62-3-year-year The Business Times en 2026-06-02T08:55:37+08:00 Nio delivers 37,705 vehicles in May, up 62.3% year on year https://cassette.sphdigital.com.sg/image/businesstimes/50009b37db7ee5fcf5134361130fbb3b9c8263dfaf91878c23456008b3f37edd Cumulative deliveries hit 1.1 million as of end-May, the Chinese electric vehicle maker said on Jun 1, 2026, in its delivery update for May. The Chinese electric vehicle maker delivered 150,526 vehicles in the year to date, a 68.7 per cent year-on-year rise. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-holds-fall-traders-digest-confusion-over-us-iran-talks The Business Times en 2026-06-02T08:39:37+08:00 Gold holds fall as traders digest confusion over US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/c7759ccf122b003c7074d5cfce7dd6a02a041e4913ea7a7e5b631fc7e4eb3068 Higher rates for longer would be a headwind for gold, which does not pay interest. Higher rates for longer would be a headwind for gold, which does not pay interest. https://www.businesstimes.com.sg/companies-markets/stocks-watch-dbs-nio-thomson-medical-group-concord-new-energy-jumbo-group-mm2-asia The Business Times en 2026-06-02T08:34:05+08:00 Stocks to watch: DBS, Nio, Thomson Medical Group, Concord New Energy, Jumbo Group, mm2 Asia https://cassette.sphdigital.com.sg/image/businesstimes/bd95efef113aeb6d03c3d55253a0fdf08befa3f81e74c8e24e26c06cf999bfbc DBS will open 18 new and 36 upgraded wealth centres across the Asia-Pacific by end-2027. DBS will open 18 new and 36 upgraded wealth centres across the Asia-Pacific by end-2027. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidias-ai-chips-sought-chinese-labs-ties-military The Business Times en 2026-06-02T08:07:17+08:00 Nvidia’s AI chips sought by Chinese labs with ties to military https://cassette.sphdigital.com.sg/image/businesstimes/a3f673d2dab416e40f2724b0cb3234e585455d9ef660cb5ef2d106b56985634a Several blacklisted entities say on their websites that they are already using the older generation Nvidia chips. Several blacklisted entities say on their websites that they are already using the older generation Nvidia chips. https://www.businesstimes.com.sg/companies-markets/executive-search-firms-still-needed-c-suite-search-even-ai-reshapes-hiring The Business Times en 2026-06-02T07:30:00+08:00 Executive search firms still needed for C-suite search even as AI reshapes hiring https://cassette.sphdigital.com.sg/image/businesstimes/463527d580ce9b5d6ad07428ba130d933e6fb51bdf8f235d1f5c7e753b1e4953 In Singapore, the nuanced and relationship-driven work of executive search firms remains crucial in securing top leadership talent. In Singapore, the nuanced and relationship-driven work of executive search firms remains crucial in securing top leadership talent. https://www.businesstimes.com.sg/startups-tech/startups/anthropic-moves-towards-ipo-stepping-race-openai The Business Times en 2026-06-02T07:15:05+08:00 Anthropic moves towards IPO, stepping up race with OpenAI https://cassette.sphdigital.com.sg/image/businesstimes/e840a29702d2877b2ba6b7826978d180e4c04b74f69f5003aae9493a96a241fb Anthropic’s valuation has more than doubled from US$380 billion in February, when it raised US$30 billion in a funding round. Anthropic’s valuation has more than doubled from US$380 billion in February, when it raised US$30 billion in a funding round. https://www.businesstimes.com.sg/opinion-features/how-fix-coe-system The Business Times en 2026-06-02T07:15:00+08:00 How to fix the COE system https://cassette.sphdigital.com.sg/image/businesstimes/27c40b32ec6256529d71142f039afd364d99f729477f1ecf368cd984df80478d Ordinary people need cars. Yet, the fundamental flaw of the COE system is that it ignores this human element. Ordinary people need cars. Yet, the fundamental flaw of the COE system is that it ignores this human element. https://www.businesstimes.com.sg/opinion-features/singapore-can-be-asias-super-connector-and-strengthen-global-trade The Business Times en 2026-06-02T07:00:00+08:00 Singapore can be Asia’s ‘super-connector’ and strengthen global trade https://cassette.sphdigital.com.sg/image/businesstimes/3e55d8bf71aa1e7b0a76f55d4b0c9787cb1ab2d5f044e90e0bf82f09c004743c Singapore increasingly serves as a pathfinder, helping global firms enter South-east Asia and chart pathways for regional expansion. Singapore increasingly serves as a pathfinder, helping global firms enter South-east Asia and chart pathways for regional expansion. https://www.businesstimes.com.sg/opinion-features/affordability-crisis-about-more-prices The Business Times en 2026-06-02T07:00:00+08:00 The affordability crisis is about more than prices https://cassette.sphdigital.com.sg/image/businesstimes/481fee7bb69fce7c598eb8766e67063b034d7897fd206f5f1188093ee7c34012 Customers enter a J Sainsbury Plc supermarket in Colney, UK, on Monday, Oct. 31, 2022. Sainsbury's are due to report their latest earnings on Nov. 3. Photographer: Chris Ratcliffe/Bloomberg By targeting supermarket prices alone, governments miss an opportunity to tackle the real causes of the affordability crisis. https://www.businesstimes.com.sg/opinion-features/worried-over-job-prospects-young-adults-should-go-forth-fearlessly-buy-hdb-bto-flat The Business Times en 2026-06-02T07:00:00+08:00 Worried over job prospects? Young adults should go forth fearlessly to buy an HDB BTO flat https://cassette.sphdigital.com.sg/image/businesstimes/84bf58b7c444dd44e9f01fafd6bbf7d4e2649f0fe192083db2d8d7c52c036ec2 HDB BTO flats Young adults, worried over job security, should not hold back from applying for HDB BTO flats. https://www.businesstimes.com.sg/property/rising-land-bids-push-new-condo-prices-focus-will-s3000-psf-be-new-normal The Business Times en 2026-06-02T07:00:00+08:00 Rising land bids push new condo prices into focus – will S$3,000 psf be a new normal? https://cassette.sphdigital.com.sg/image/businesstimes/04bd65091182542bc060095b7028094ce13d265777bef47de563915c98ba6aaf Singapore condos The average land rate for sites with a residential component is up almost 13% from the previous year, PropNex data shows. https://www.businesstimes.com.sg/companies-markets/tokenmaxxing-and-ai-costs-take-companies-turn-private-token-factories-dell The Business Times en 2026-06-02T07:00:00+08:00 As ‘tokenmaxxing’ and AI costs take off, companies turn to private token factories: Dell https://cassette.sphdigital.com.sg/image/businesstimes/f3bd1e0b0b4691e61f5edbeffe823ff84909907143cc71511b63ef5e57a40807 As companies grapple with rising bills from AI use, owning a token generation machine becomes a viable solution. As companies grapple with rising bills from AI use, owning a token-generating machine becomes a viable solution. https://www.businesstimes.com.sg/opinion-features/should-you-sacrifice-some-cpf-life-income-favour-ilps-tread-carefully The Business Times en 2026-06-02T07:00:00+08:00 Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully https://cassette.sphdigital.com.sg/image/businesstimes/96742f8b671e67c8ad1197cd6e3d09e001eaaeeefc0d6e5f62f9a4370a067b83 Be wary of sales pitches that dangle high income but are not explicit on where risks lurk. Be wary of sales pitches that dangle high income but are not explicit on where risks lurk. https://www.businesstimes.com.sg/international/asean/next-phase-south-east-asias-energy-transition-fixing-grid The Business Times en 2026-06-02T07:00:00+08:00 The next phase of South-east Asia’s energy transition: Fixing the grid https://cassette.sphdigital.com.sg/image/businesstimes/a1c2ac5308d80383edf5a4a6c2c8b0902797658f6e3834b4a1c3d1a840c03c7e Surging demand from data centres, electric vehicles and green industrial parks is placing unprecedented strain on power systems. Surging demand from data centres, electric vehicles and green industrial parks is placing unprecedented strain on power systems. https://www.businesstimes.com.sg/opinion-features/columns/what-if-remote-working-not-ai-blame-weak-junior-hiring The Business Times en 2026-06-02T07:00:00+08:00 What if remote working, not AI, is to blame for weak junior hiring? https://cassette.sphdigital.com.sg/image/businesstimes/02826f0aa812de803d8c1bd605958fb8233be67bc869236cb6c60c7e7656495b New evidence suggests the rise of working from home has made entry-level hires a less attractive proposition The rise of working from home has been a boon for 30-somethings, but has slowed the climb up the career ladder for the youngest workers. https://www.businesstimes.com.sg/international/global/lebanon-announces-partial-ceasefire-between-israel-hizbollah-attacks-continue The Business Times en 2026-06-02T06:49:27+08:00 Lebanon announces partial ceasefire between Israel, Hizbollah but attacks continue https://cassette.sphdigital.com.sg/image/businesstimes/d9890dcff8e28eabd8336ed27569ba2ac04e514756b90b97e3049cffe91db3b1 Smoke billows from southern Lebanon following an Israeli strike on Jun 1. Iran has insisted on a halt to Israeli attacks in Lebanon as a condition of any deal to end the war.. The aftermath of an Israeli strike on southern Lebanon on Jun 1. Iran has insisted on a halt to Israeli attacks in Lebanon as a condition of any deal to end the war.. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-ends-higher-boosted-tech-gains-us-iran-peace-hopes The Business Times en 2026-06-02T05:59:16+08:00 Wall Street ends higher, boosted by tech gains, US-Iran peace hopes https://cassette.sphdigital.com.sg/image/businesstimes/64bc98991c8a99ad045d04b8ce9abeb6c7a11648cd171e3f5623f5e9db7ef179 Of the 11 major sectors in the S&P 500, only technology and energy enjoyed gains, while utilities suffered the largest percentage drop. Of the 11 major sectors in the S&P 500, only technology and energy enjoyed gains, while utilities suffered the largest percentage drop. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-hit-one-week-low-middle-east-risks-deepen The Business Times en 2026-06-02T05:41:04+08:00 European shares hit one-week low as Middle East risks deepen https://cassette.sphdigital.com.sg/image/businesstimes/953246bab2fca7cea8c1993df83d7f0f09879d30e34e0f41ab8a3b9e4cc1db45 The pan-European Stoxx 600 index ended a volatile session down 0.8% to a more than one-week low of 621.24. The pan-European Stoxx 600 index ended a volatile session down 0.8% to a more than one-week low of 621.24. https://www.businesstimes.com.sg/podcasts/marco-polo-marine-powers-conversation-its-ceo The Business Times en 2026-06-02T05:00:00+08:00 Marco Polo Marine powers on: A conversation with its CEO https://cassette.sphdigital.com.sg/image/businesstimes/de890d625bd3e840f1444fc937fe4f5f7602ca1f420439a3185c82f66fb8ebf2 How did Marco Polo Marine break into Taiwan? How did Marco Polo Marine break into Taiwan? https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-slip-after-trump-says-talks-iran-end-war-are-ongoing The Business Times en 2026-06-01T22:47:40+08:00 Oil prices slip after Trump says talks with Iran to end war are ongoing https://cassette.sphdigital.com.sg/image/businesstimes/cfc304c3f097cc2cda302e8c361d7c7a292617d60915eb4cf8daa95ed6b709d3 The dramatic slowdown in shipping through the vital Strait of Hormuz has driven up Brent futures by more than 30% since the war started at the end of February. Saudi Arabia is likely to cut its official selling prices for crude oil to Asia in July for a second consecutive month. https://www.businesstimes.com.sg/international/us-manufacturing-activity-expands-most-4-years The Business Times en 2026-06-01T22:36:52+08:00 US manufacturing activity expands by most in 4 years https://cassette.sphdigital.com.sg/image/businesstimes/e50d3c13eb9b730ffbd27f164564fd31951324273b20a65c02a972eab8f67ad2 Data has signalled expansion for five straight months, pointing to renewed vigour in the manufacturing sector. Data has signalled expansion for five straight months, pointing to renewed vigour in the manufacturing sector. https://www.businesstimes.com.sg/companies-markets/wall-street-opens-near-record-highs-ai-optimism-counters-us-iran-war-worries The Business Times en 2026-06-01T21:45:38+08:00 Wall Street opens near record highs as AI optimism counters US-Iran war worries https://cassette.sphdigital.com.sg/image/businesstimes/3cc9db510ca0236b4e4287145338fc12d227ea6d469c62ced6df4fff078415e4 The Dow Jones Industrial Average rose 128.6 points, or 0.25%, at Monday's open to 51,161.1. The Dow Jones Industrial Average rose 128.6 points, or 0.25%, at Monday's open to 51,161.1. https://www.businesstimes.com.sg/international/trump-says-deal-will-work-out-well-even-us-iran-clash The Business Times en 2026-06-01T21:14:50+08:00 Trump says deal will ‘work out well’ even as US, Iran clash https://cassette.sphdigital.com.sg/image/businesstimes/8d64ad159adf5393d2474be7017c4d9b537e0be761a3297bc7e4535314586d25 Israel has deepened its invasion of Lebanon, capturing the Crusader-era Beaufort Castle over the weekend. Israel has deepened its invasion of Lebanon, capturing the Crusader-era Beaufort Castle over the weekend. https://www.businesstimes.com.sg/companies-markets/thomson-medical-group-names-cassandra-loh-acting-ceo-its-singapore-operations The Business Times en 2026-06-01T20:53:37+08:00 Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations https://cassette.sphdigital.com.sg/image/businesstimes/dd482e6cc99f0e9450f1262e60354ba10a4039eae0fc9ac3e0644424a2193833 Cassandra Loh Cassandra Loh aims to continue building "services around the real needs of patients and families". https://www.businesstimes.com.sg/companies-markets/us-dollar-holding-pattern-markets-await-progress-middle-east-peace-talks The Business Times en 2026-06-01T20:27:10+08:00 US dollar in holding pattern as markets await progress on Middle East peace talks https://cassette.sphdigital.com.sg/image/businesstimes/5b6def601320de16688405133ab91e7f52c810329b47de68e34763729d72cf94 Fed governor Jerome Powell, whose term as chair formally ended on May 15, warned in a speech on May 31 about the politicisation of monetary policy. Fed governor Jerome Powell, whose term as chair formally ended on May 15, warned in a speech on May 31 about the politicisation of monetary policy. https://www.businesstimes.com.sg/companies-markets/global-stocks-hold-near-highs-ai-boom-outweighs-middle-east-tensions The Business Times en 2026-06-01T20:13:37+08:00 Global stocks hold near highs as AI boom outweighs Middle East tensions https://cassette.sphdigital.com.sg/image/businesstimes/6375cde26aee3ea6f2df081d54cefe0b235df7526ee9a8c0b3c79c7ea7a411f8 S&P 500 futures firmed 0.3% on Monday (Jun 1), while Nasdaq futures rose 0.3% after the benchmark indexes hit records last week. S&P 500 futures firmed 0.3% on Monday (Jun 1), while Nasdaq futures rose 0.3% after the benchmark indexes hit records last week. https://www.businesstimes.com.sg/companies-markets/byd-sales-rise-first-time-9-months-overseas-demand The Business Times en 2026-06-01T19:32:40+08:00 BYD sales rise for first time in 9 months on overseas demand https://cassette.sphdigital.com.sg/image/businesstimes/535ebf59059b8868f0e4266eb56eeb28ce61f19e4f37c34647cf34f749af1994 BYD delivered 383,453 vehicles last month, up 0.3% from a year earlier. Of that, 160,644 were sold in overseas markets, underscoring the importance of global expansion as demand in China cools. BYD delivered 383,453 vehicles last month, up 0.3% from a year earlier. Of that, 160,644 were sold in overseas markets, underscoring the importance of global expansion as demand in China cools.