https://www.businesstimes.com.sg/property/dubai-property-frenzy-cools-sellers-hold-line-prices The Business Times en 2026-06-17T08:00:00+08:00 Dubai property frenzy cools but sellers hold the line on prices https://cassette.sphdigital.com.sg/image/businesstimes/d687efcb60beaf3f579dd20b3f12e132c9262d5dd1425f576565fdd00cc7f86c In the five years leading up to the war, Dubai had become one of the hottest real estate markets globally. In the five years leading up to the war, Dubai had become one of the hottest real estate markets globally. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/singapore-based-shein-and-paris-department-store-end-controversial-partnership The Business Times en 2026-06-17T07:48:10+08:00 Singapore-based Shein and Paris department store end controversial partnership https://cassette.sphdigital.com.sg/image/businesstimes/48c1945e093acb8e8bd0fa2d1681169d9023d57f0589374dc5f686e61b384ba7 Shein says that it respects BHV’s decision but added that it was “regrettable” customers had to navigate ongoing construction works in the department store. Shein says that it respects BHV’s decision but added that it was “regrettable” customers had to navigate ongoing construction works in the department store. https://www.businesstimes.com.sg/opinion-features/humanity-isnt-ready-coming-intelligence-explosion The Business Times en 2026-06-17T07:30:00+08:00 Humanity isn’t ready for the coming intelligence explosion https://cassette.sphdigital.com.sg/image/businesstimes/59b9831394297176dbb8fb84c9238d7b3de6d64bcf86dc81e1e61ecc0193439a Civilisations generally build powerful technologies faster than they develop the capacity to govern them wisely. The dawn of the nuclear age was humanity's first encounter with this dynamic. The age of advanced AI would be the second. Civilisations generally build powerful technologies faster than they develop the capacity to govern them wisely, says the writer. https://www.businesstimes.com.sg/opinion-features/missing-human-touch-singapores-customer-service-costs-more-we-think The Business Times en 2026-06-17T07:15:00+08:00 The missing human touch in Singapore’s customer service costs more than we think https://cassette.sphdigital.com.sg/image/businesstimes/731343b78bac0582602f6e59528b137f952ef5d9a6d30f07ba2100e2d58d7a64 Siloed systems, fragmented processes and data scattered across disparate platforms can impede the work of customer service agents. Siloed systems, fragmented processes and data scattered across disparate platforms can impede the work of customer service agents. https://www.businesstimes.com.sg/property/room-more-offices-homes-and-green-spaces-make-orchard-road-more-vibrant The Business Times en 2026-06-17T07:00:00+08:00 Room for more offices, homes and green spaces to make Orchard Road more vibrant https://cassette.sphdigital.com.sg/image/businesstimes/a09113b814d367f8ff108d428f098d2baafb1158aa03019f2bc37efa8ea08b44 Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer. Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer. https://www.businesstimes.com.sg/opinion-features/byd-boast-shareholders-didnt The Business Times en 2026-06-17T07:00:00+08:00 The BYD boast that shareholders didn’t like https://cassette.sphdigital.com.sg/image/businesstimes/d39bedac2a8c0f412ac594356cf9d53ff105d73163256d48a73679033f3bc00e BYD is the leading EV nameplate in Britain and Indonesia, and has also topped Singapore’s charts for two years running. BYD is the leading EV nameplate in Britain and Indonesia, and has also topped Singapore’s charts for two years running. https://www.businesstimes.com.sg/opinion-features/china-has-powerful-new-oil-price-weapon The Business Times en 2026-06-17T07:00:00+08:00 China has a powerful new oil price weapon https://cassette.sphdigital.com.sg/image/businesstimes/b149d1d8ed55099dd605ba08100ff5df5b6790648254dae8a89f0e6ff166e825 An oil refinery in China, which at the end of 2025 had the largest strategic petroleum reserve with 1.4 billion barrels held back. An oil refinery in China, which at the end of 2025 had the largest strategic petroleum reserve with 1.4 billion barrels held back. https://www.businesstimes.com.sg/international/global/us-iran-prepare-deal-signing-financial-details-emerge The Business Times en 2026-06-17T06:34:58+08:00 US, Iran prepare for deal signing as financial details emerge https://cassette.sphdigital.com.sg/image/businesstimes/db6e86b80dff879bf25e3e72bf27394152dc86dff55728bdeac6b7b0ba4aebe4 Iranian officials have said that the MOU will lead to them getting access to tens of billions of US dollars of frozen funds held in places such as Qatar. Iranian officials have said that the MOU will lead to them getting access to tens of billions of US dollars of frozen funds held in places such as Qatar. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-under-us80-us-iran-deal-set-add-supply The Business Times en 2026-06-17T06:13:17+08:00 Oil falls under US$80 as US-Iran deal set to add supply https://cassette.sphdigital.com.sg/image/businesstimes/be0699ac548a8040a718ea6a95a697dcbf14d5ce0dc416e56c4500cc048f3839 Oil’s drop to the lowest since early March has erased the bulk of the gains seen during the conflict. Oil’s drop to the lowest since early March has erased the bulk of the gains seen during the conflict. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nasdaq-and-sp-500-slip-while-dow-hits-record-close The Business Times en 2026-06-17T05:53:15+08:00 Nasdaq and S&P 500 slip while Dow hits record close https://cassette.sphdigital.com.sg/image/businesstimes/bb157e2e3b7c907144c0c9fad6e349af839f6976cc15c1f1fa2a28bcedcf7094 The Dow Jones Industrial Average rose 328.64 points, or 0.64%, to 51,999.67. The Dow Jones Industrial Average rose 328.64 points, or 0.64%, to 51,999.67. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-extend-rally-investors-await-details-us-iran-agreement The Business Times en 2026-06-17T05:36:50+08:00 European shares extend rally as investors await details of US-Iran agreement https://cassette.sphdigital.com.sg/image/businesstimes/8d443c7f5a54adf2b8c9983fb492cbaf15b680db2dba74a3eb4f1aae3f0d5e97 The index has gained over 7% so far this year compared to the US benchmark S&P 500’s 10% advance. The index has gained over 7% so far this year compared to the US benchmark S&P 500’s 10% advance. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-dow-hits-record-high-oil-slides-spacex-soars The Business Times en 2026-06-16T22:56:31+08:00 US stocks: Dow hits record high as oil slides; SpaceX soars https://cassette.sphdigital.com.sg/image/businesstimes/96da6a3d194d3f332c18d5d1e00ed85c98fdeb9d59a763ed94e253af9d3e7a60 All three major US indices rose in early trading on Tuesday. All three major US indices rose in early trading on Tuesday. https://www.businesstimes.com.sg/international/asean/1mdb-theft-made-attila-hun-look-choirboy-judge-says The Business Times en 2026-06-16T22:37:05+08:00 1MDB theft made Attila the Hun look like ‘choirboy’, judge says https://cassette.sphdigital.com.sg/image/businesstimes/c88f39d3c1b4dc5f656e51f07a0231fc72958558b386877b11622af1aedaa285 Najib Razak, who led Malaysia from 2009 to 2018, has already been in jail since 2022 after being convicted in a separate case linked to 1MDB. Najib Razak, who led Malaysia from 2009 to 2018, has already been in jail since 2022 after being convicted in a separate case linked to 1MDB. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/yum-sell-struggling-pizza-hut-chain-us2-7-billion The Business Times en 2026-06-16T21:55:07+08:00 Yum to sell struggling Pizza Hut chain for US$2.7 billion https://cassette.sphdigital.com.sg/image/businesstimes/f56e5c23c982545e7b776d31f9f1741fcc128157b5c22d75d0245daff75b6f4f LongRange Capital will acquire Pizza Hut ex-China for US$1.5 billion. LongRange Capital will acquire Pizza Hut ex-China for US$1.5 billion. https://www.businesstimes.com.sg/companies-markets/mpact-prices-s200-million-green-bonds-2-53 The Business Times en 2026-06-16T21:47:34+08:00 MPACT prices S$200 million of green bonds at 2.53% https://cassette.sphdigital.com.sg/image/businesstimes/cd7b3bc4d987cc47dd140246c8e7289277801cb137d54789efc12c49db7a1198 Generic shots of Vivocity VivoCity is one of the properties in the Reit's portfolio. The proceeds raised from this issuance will be used to finance eligible green projects. https://www.businesstimes.com.sg/companies-markets/banking-finance/binance-set-lose-eu-licence-bid-permission-offer-services-bloc-sources The Business Times en 2026-06-16T21:43:08+08:00 Binance set to lose EU licence bid, permission to offer services in the bloc: sources  https://cassette.sphdigital.com.sg/image/businesstimes/01d8b93a9cd21fc7cdedcb3e05aae20338dab962d41b2015ac984e079d61fd9b Without a licence, Binance would not qualify to continue operating in the EU from the start of July. Without a licence, Binance would not qualify to continue operating in the EU from the start of July. https://www.businesstimes.com.sg/international/global/us-import-prices-increase-more-expected-may The Business Times en 2026-06-16T21:03:46+08:00 US import prices increase more than expected in May https://cassette.sphdigital.com.sg/image/businesstimes/57e743dfe695c1981dd6f9a29b2505522e33043aaf355c9bab27168290999aa9 In the 12 months through May, US import prices advanced 6.7 per cent. In the 12 months through May, US import prices advanced 6.7 per cent. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-drops-nearly-3-3-month-low-markets-weigh-us-iran-peace-deal The Business Times en 2026-06-16T20:52:17+08:00 Oil drops nearly 3% to 3-month low as markets weigh US-Iran peace deal https://cassette.sphdigital.com.sg/image/businesstimes/4ebe6152ea050193eeb2597ee11c68197637996ace5fda059eca647c2354b818 Brent crude futures were down US$2.48, or about 3 per cent, at US$80.69 a barrel by 1205 GMT on Tuesday. Brent crude futures were down US$2.48, or about 3 per cent, at US$80.69 a barrel by 1205 GMT on Tuesday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/china-signs-26-financial-institutions-digital-yuan-cross-border-payment-platform The Business Times en 2026-06-16T20:29:44+08:00 China signs up 26 financial institutions to digital yuan cross-border payment platform https://cassette.sphdigital.com.sg/image/businesstimes/18cde60ae5313b6f013d289b7f632727ba3325717a37827b5b33546686714df6 China’s central bank is making a push to increase the use of digital yuan at home and abroad, says several industry sources. China’s central bank is making a push to increase the use of digital yuan at home and abroad, says several industry sources. https://www.businesstimes.com.sg/companies-markets/boustead-singapore-unit-renews-contract-australian-government-s60-million The Business Times en 2026-06-16T20:27:50+08:00 Boustead Singapore unit renews contract with Australian government for S$60 million https://cassette.sphdigital.com.sg/image/businesstimes/40c66f5509fad17bc0dd164a91cc2d68dff9a16ca779b4dbf2e206a7928402d5 The entrance of Boustead Singapore’s office. Boustead said that this is the largest enterprise agreement contract for the company’s geospatial division to date. https://www.businesstimes.com.sg/international/trading-platform-robinhood-cut-10-workforce-restructuring The Business Times en 2026-06-16T20:24:31+08:00 Trading platform Robinhood to cut 10% of workforce in restructuring https://cassette.sphdigital.com.sg/image/businesstimes/f75ce05db835768773fbbe0b952c38b6053d7435f4e34b48ae9125ce96f84626 Robinhood expects to incur restructuring charges of about US$20 million for employee severance and benefits costs. Robinhood expects to incur restructuring charges of about US$20 million for employee severance and benefits costs. https://www.businesstimes.com.sg/international/global/spacex-vaults-past-amazons-market-value-options-listing-fuels-surge The Business Times en 2026-06-16T20:17:26+08:00 SpaceX vaults past Amazon’s market value as options listing fuels surge https://cassette.sphdigital.com.sg/image/businesstimes/1e4618cafc9057bdd1c59220dbfba04be47c0c61cfdb707e5095f571261707dc The stock was last up 8.5 per cent at US$208.90, jumping more than 54 per cent above its US$135 IPO price. The stock is expected to enjoy additional demand in the coming weeks as it joins major indexes. https://www.businesstimes.com.sg/international/eu-lawmakers-clear-us-trade-deal-avert-return-trade-conflict The Business Times en 2026-06-16T19:37:23+08:00 EU lawmakers clear US trade deal to avert return to trade conflict https://cassette.sphdigital.com.sg/image/businesstimes/9d673b0d8164fd956270ab54c01e67f461a612866ea396510bc3bd5330d11e55 Tuesday’s vote should avert US President Trump's July 4 tariff threat, but leaves many uncertainties Tuesday’s vote should avert US President Trump's July 4 tariff threat, but leaves many uncertainties https://www.businesstimes.com.sg/companies-markets/sgx-mulls-new-coking-coal-and-steel-contracts-executive-says The Business Times en 2026-06-16T19:29:04+08:00 SGX mulls new coking coal and steel contracts, executive says https://cassette.sphdigital.com.sg/image/businesstimes/299d198368cd0a49b46d4cdd372bb6c31f83d6cb0ed19dc91e13679ca6e3e565 SGX currently has derivatives contracts for steel reinforcing, typically used in construction. SGX currently has derivatives contracts for steel reinforcing, typically used in construction. https://www.businesstimes.com.sg/singapore/mas-revises-takeover-and-merger-code-enhance-competition-and-disclosures The Business Times en 2026-06-16T19:28:50+08:00 MAS revises takeover and merger code to enhance competition and disclosures https://cassette.sphdigital.com.sg/image/businesstimes/a4b5e636d89a695ce612afab0487b83cdeca3150884d42d5bc9619e65f0d26b8 The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC. The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC. https://www.businesstimes.com.sg/international/asean/malaysian-tycoon-vincent-tans-sell-downs-point-pruning-rather-exit-plan The Business Times en 2026-06-16T19:26:49+08:00 Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan https://cassette.sphdigital.com.sg/image/businesstimes/cc6e4ceb05afadaf67183d3eb16297de5f10d7f7b1bdccec66717fe7aef03929 Malaysian billionaire Vincent Tan, the founder of Berjaya Group, has reduced his holdings in multiple group companies, triggering market curiosity over the sudden wave of equity restructuring. Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group. https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-tuesday-sti-0-8 The Business Times en 2026-06-16T18:53:55+08:00 Singapore shares rise on Tuesday; STI up 0.8% https://cassette.sphdigital.com.sg/image/businesstimes/be1f056e67c73e5fe94c322140529e0bebaf3e6b61da67d656adfe8314786144 Across the broader market, losers beat gainers 342 to 256, after 1.2 billion securities worth S$2 billion change hands. Across the broader market, losers beat gainers 342 to 256, with 1.2 billion securities worth S$2 billion having changed hands. https://www.businesstimes.com.sg/international/ai-splitting-job-market-two-pwc-study The Business Times en 2026-06-16T18:42:32+08:00 AI splitting job market in two: PwC study https://cassette.sphdigital.com.sg/image/businesstimes/6ee6e033f497ad33c69b880a98ea156d2ecd0901e68e234cde23660f719d7569 Jobs that can use AI to amplify human skills such as creativity and judgment are rising the fastest. Jobs that can use AI to amplify human skills such as creativity and judgment are rising the fastest. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-161 The Business Times en 2026-06-16T18:30:00+08:00 Daily Debrief: What Happened Today (Jun 16) https://cassette.sphdigital.com.sg/image/businesstimes/25babd63f38b54b9dc84daaad1cf56afca1953134cf7def3b91162a9ea342919 Captive coal, which refers to off-grid coal plants operated by industrial companies to power their operations, has generally fallen outside financing restrictions. Captive coal, which refers to off-grid coal plants operated by industrial companies to power their operations, has generally fallen outside financing restrictions. https://www.businesstimes.com.sg/international/australia-declares-el-nino-be-strongest-decades The Business Times en 2026-06-16T18:26:12+08:00 Australia declares El Nino to be strongest in decades https://cassette.sphdigital.com.sg/image/businesstimes/fcbd656b103f3b1f308adefa8e46f50fc6de210ed679ea4b6b823945fb6f9035 The last El Nino experienced in Australia, which was from 2023 to 2024, caused the driest three-month period on record. The last El Nino experienced in Australia, which was from 2023 to 2024, caused the driest three-month period on record. https://www.businesstimes.com.sg/international/iran-deal-could-expand-market-gains-consumer-shares-small-caps-seen-benefitting The Business Times en 2026-06-16T17:01:53+08:00 Iran deal could expand market gains, with consumer shares, small caps seen benefitting https://cassette.sphdigital.com.sg/image/businesstimes/25a5fc96c59d26410ae771691bb92cdb06233b135975d8bea17c8fedeeb3715d Investors may be looking for relative bargains in a market that has been dominated by tech. Investors may be looking for relative bargains in a market that has been dominated by tech. https://www.businesstimes.com.sg/startups-tech/technology/singtel-kkr-owned-stt-gdc-opens-its-first-south-korean-data-centre-tap-ai-boom The Business Times en 2026-06-16T17:01:28+08:00 Singtel, KKR-owned STT GDC opens its first South Korean data centre to tap AI boom https://cassette.sphdigital.com.sg/image/businesstimes/2bf120de5b121c19cdafb28432d1b608f6348e64f8109b33a51a1226dcedbf39 The new data centre is located in Gasan-dong, Geumcheon-gu, Seoul and has about 40,000 square metres of gross floor area. The new data centre is in Seoul's Geumcheon district and has about 40,000 sq m of gross floor area. https://www.businesstimes.com.sg/lifestyle/artist-anish-kapoor-presents-works-old-and-new-london-gallery-return The Business Times en 2026-06-16T17:00:00+08:00 Artist Anish Kapoor presents works old and new in London gallery return https://cassette.sphdigital.com.sg/image/businesstimes/b9d0962a679582b2fd215bb6ea9f21be4b7d8023af8b59a45ffa5dc691a5929f The Hayward Gallery was the first in the UK to hold a major survey of British artist Anish Kapoor’s works in 1998. Kapoor with his expansive vivid red pigment piece called Ha Makom. https://www.businesstimes.com.sg/international/back-square-one-us-iran-deal-resolves-little-and-could-make-things-worse The Business Times en 2026-06-16T17:00:00+08:00 Back to square one? A US-Iran ‘deal’ that resolves little and could make things worse https://cassette.sphdigital.com.sg/image/businesstimes/4854f2e5330f4271c5786f58fb866cdfe41c17f99816d811d80b467df21b988d In practical terms, all that the US and Iran have agreed to now is to open the Strait of Hormuz, says the writer. In practical terms, all that the US and Iran have agreed to now is to open the Strait of Hormuz, says the writer. https://www.businesstimes.com.sg/companies-markets/banking-finance/germany-rejects-unicredits-39-billion-euro-commerzbank-offer The Business Times en 2026-06-16T16:45:19+08:00 Germany rejects UniCredit’s 39 billion euro Commerzbank offer https://cassette.sphdigital.com.sg/image/businesstimes/222ccb55635324a6436675ed46a74494450535741936cce26a77a62b61539dea Commerzbank "plays an important role in financing the German economy", Germany’s Finance Agency says. Commerzbank "plays an important role in financing the German economy", Germany’s Finance Agency says. https://www.businesstimes.com.sg/international/global/china-mine-disaster-indonesia-policy-changes-upend-global-coal-market The Business Times en 2026-06-16T16:38:15+08:00 China mine disaster, Indonesia policy changes upend global coal market https://cassette.sphdigital.com.sg/image/businesstimes/03197f4a6269256537713c70d14c0fc09f2e40273d990b8da23ae99c67a463b4 For the first four months of 2026, Indonesia’s thermal coal production was down 7% from a year earlier. Indonesia’s plan to bring all coal exports under the control of a new state-run company called Danantara has compounded the uncertainty. https://www.businesstimes.com.sg/international/worlds-500-richest-add-record-us336-billion-wealth-one-day The Business Times en 2026-06-16T16:38:01+08:00 World’s 500 richest add record US$336 billion to wealth in one day https://cassette.sphdigital.com.sg/image/businesstimes/e9a051fe9b33e1fa83b407002598b0175394cf844039f0d059086c9dbe28afa1 Elon Musk extended his lead over the group with his net worth rising more than 10 per cent to US$1.27 trillion. Elon Musk extended his lead over the group with his net worth rising more than 10 per cent to US$1.27 trillion. https://www.businesstimes.com.sg/international/global/new-fed-chief-warsh-faces-bumpy-road-he-leads-tough-first-rate-meeting The Business Times en 2026-06-16T16:21:31+08:00 New Fed chief Warsh faces bumpy road as he leads tough first rate meeting https://cassette.sphdigital.com.sg/image/businesstimes/44037e7c2c39117638d94058b8b2857956535be2ab576d874fd1261b4197d05a Fed chief Kevin Warsh is expected to keep interest rates unchanged at the end of this week's policy-meeting on Wednesday. Fed chief Kevin Warsh, who took over from Jerome Powell last month, is in a tricky position. https://www.businesstimes.com.sg/singapore/nearly-s100-million-be-pumped-municipal-industrial-water-solutions-gan-kim-yong The Business Times en 2026-06-16T16:10:19+08:00 Nearly S$100 million to be pumped into municipal, industrial water solutions: Gan Kim Yong https://cassette.sphdigital.com.sg/image/businesstimes/a97ddd8c0690bf964fb3bee4330da0e534a5e81dd6c0541ba2f32c409eaac19e Tengah Service Reservoir will supply water to Tengah Town. Tengah Service Reservoir will supply water to Tengah Town. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-inch-investors-assess-us-iran-agreement The Business Times en 2026-06-16T16:04:42+08:00 European shares inch up as investors assess US-Iran agreement https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index edged 0.3 per cent higher to 636.01 points by 0717 GMT in early trading on Tuesday. The Stoxx 600 index edged 0.3 per cent higher to 636.01 points by 0717 GMT in early trading on Tuesday. https://www.businesstimes.com.sg/international/chinas-deepseek-closes-over-50-billion-yuan-funding-unusual-deal-structure-information The Business Times en 2026-06-16T16:00:47+08:00 China’s DeepSeek closes over 50 billion yuan funding with unusual deal structure: The Information https://cassette.sphdigital.com.sg/image/businesstimes/975cc4d0a6b8172bb3c487dfecb448e688d9c322eb6a79506e833471c3349ee6 DeepSeek became China’s national AI champion and garnered global fame early last year with its V3 and R1 models. DeepSeek became China’s national AI champion and garnered global fame early last year with its V3 and R1 models. https://www.businesstimes.com.sg/lifestyle/secrets-football-turf-master The Business Times en 2026-06-16T16:00:00+08:00 The secrets of a football turf master https://cassette.sphdigital.com.sg/image/businesstimes/f3c3387721e422f2f2d029d75d4314257645fb317aa749b356a7da00c3e56812 Turf scientist John Sorochan heads the Fifa Pitch Research Project. He has led the years-long, multimillion-dollar effort to develop perfect fields for the World Cup, Prof Sorochan is an expert in turf grass science and management at the University of Tennessee. https://www.businesstimes.com.sg/international/india-curbs-telegram-use-over-medical-exam-fraud-concerns The Business Times en 2026-06-16T15:54:50+08:00 India curbs Telegram use over medical exam fraud concerns https://cassette.sphdigital.com.sg/image/businesstimes/6974d1fbdff46babc809613ff895e57ec4971f7f80ad52a5cae01b45afc9f243 Telegram has grown rapidly in India and the country is its biggest market by downloads. Telegram has grown rapidly in India and the country is its biggest market by downloads. https://www.businesstimes.com.sg/property/evergrande-liquidators-seek-quash-regulators-pwc-hong-kong-deal The Business Times en 2026-06-16T15:31:32+08:00 Evergrande liquidators seek to quash regulator’s PwC Hong Kong deal https://cassette.sphdigital.com.sg/image/businesstimes/5ef37d5f7cb508c56dc0ed26016514c192cc5fd32b790c09efb4aac2d76d53a4 Evergrande's debt burden is larger than previously estimated, reaching HK$350 billion, liquidators said. Evergrande's debt burden is larger than previously estimated, reaching HK$350 billion, liquidators said. https://www.businesstimes.com.sg/wealth/wealth-investing/why-singapores-manufacturing-story-holds The Business Times en 2026-06-16T15:31:15+08:00 Why Singapore’s manufacturing story holds https://cassette.sphdigital.com.sg/image/businesstimes/43c06234dfd4d41d4ae00d6473fc50793a66ff6eee76807922174443ed7dc491 Electronics accounts for roughly one-third of Singapore’s manufacturing output, and its sustained strength underscores the continued support from artificial intelligence-driven semiconductor demand. Electronics accounts for roughly one-third of Singapore’s manufacturing output, and its sustained strength underscores the continued support from artificial intelligence-driven semiconductor demand. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/spacex-investors-us-retail-brokers-got-least-one-ipo-share The Business Times en 2026-06-16T15:23:02+08:00 SpaceX investors at US retail brokers got at least one IPO share https://cassette.sphdigital.com.sg/image/businesstimes/7116a39621cd5efa277abad2f72e8fb3f803faeb5d526ef0b8c62165db440e5f SpaceX ended up allocating about 20% of its initial public offering to retail investors globally. SpaceX ended up allocating about 20% of its initial public offering to retail investors globally. https://www.businesstimes.com.sg/property/us-homebuilder-sentiment-falls-driven-large-drop-south The Business Times en 2026-06-16T15:13:52+08:00 US homebuilder sentiment falls, driven by large drop in South https://cassette.sphdigital.com.sg/image/businesstimes/90a4e05549dce312be10b9842c440b8d7baa35732d8831934b8fbed2ebd01cd0 Builder sentiment will remain soft until barriers are eased and conditions improve for home building, says NAHB chairman Bill Owens. Builder sentiment will remain soft until barriers are eased and conditions improve for home building, says NAHB chairman Bill Owens. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korean-shares-log-two-week-closing-high-us-iran-deal The Business Times en 2026-06-16T15:12:11+08:00 South Korean shares log two-week closing high on US-Iran deal https://cassette.sphdigital.com.sg/image/businesstimes/357771b5a92d576ea539a21f0eed927f28a8e3dd72e3508eb4be73af745394fe The benchmark Kospi closed 180.62 points, or 2.11 per cent, higher at 8,726.60 on Tuesday, its highest closing level since June 2. The benchmark Kospi closed 180.62 points, or 2.11 per cent, higher at 8,726.60 on Tuesday, its highest closing level since June 2. https://www.businesstimes.com.sg/opinion-features/can-st-engineering-aspire-challenge-dbs-be-king-local-bourse The Business Times en 2026-06-16T15:00:00+08:00 Can ST Engineering aspire to challenge DBS to be king of the local bourse? https://cassette.sphdigital.com.sg/image/businesstimes/186f618ea074b6830f3a8278caadf6ac30d209727811041e0c3990068ae9ae9b Should ST Engineering execute well in capturing burgeoning defence opportunities, expect investors to view the company’s stock highly favourably. Should ST Engineering execute well in capturing burgeoning defence opportunities, expect investors to view the company’s stock highly favourably. https://www.businesstimes.com.sg/wealth/wealth-investing/when-will-stock-market-crash The Business Times en 2026-06-16T14:54:31+08:00 When will the stock market crash? https://cassette.sphdigital.com.sg/image/businesstimes/c62a6ed8920e4eebb8d3bf8a88db3ac3da47a7ae0b2031888e583018793dd50f Over the past five years, the S&P 500 has risen by more than 70 per cent. Over the past five years, the S&P 500 has risen by more than 70%. https://www.businesstimes.com.sg/international/fujitsu-chairman-quits-following-woman-related-improper-behaviour The Business Times en 2026-06-16T14:48:08+08:00 Fujitsu chairman quits following ‘woman-related’ improper behaviour https://cassette.sphdigital.com.sg/image/businesstimes/befa36587b6fad6ec22f612cf92beab628e7ba4bb14fcba148bb8f6f51d30054 Hidenori Furuta became Fujitsu‘s chairman in 2024 after serving in various capacities. Hidenori Furuta became Fujitsu‘s chairman in 2024 after serving in various capacities. https://www.businesstimes.com.sg/companies-markets/banking-finance/more-central-banks-increasing-domestic-gold-storage-diversifying-overseas-vaulting-survey The Business Times en 2026-06-16T14:35:39+08:00 More central banks increasing domestic gold storage, diversifying overseas vaulting: survey https://cassette.sphdigital.com.sg/image/businesstimes/c276d07f5064c8e2b8156b78a6b829019faab15a4855301e45a6e51eb9871582 As some central banks continued relocating their gold, 9%of respondents said they had increased domestic storage in the past 12 months. In the last 12 months, 9% of the respondents said they had increased domestic gold storage, up from 5% in the year before. https://www.businesstimes.com.sg/wealth/wealth-investing/what-us-can-do-control-rising-yields The Business Times en 2026-06-16T14:33:27+08:00 What the US can do to control rising yields https://cassette.sphdigital.com.sg/image/businesstimes/66ed75461037a5ce2cf9af8fd72e011a98ecc44c5e056da2e1cdc9101c166475 By scaling up the buyback program, a partnership between the Fed and US Treasury partnership could effectively replicate Operation Twist, used to lower long-term borrowing costs in 1961 and briefly in 2011. By scaling up the Treasury’s buyback programme, a Fed-Treasury partnership could effectively replicate Operation Twist, used to lower long-term borrowing costs in 1961 and briefly in 2011. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-scandal-deepens-big-four-accounting-firms-woes-australia The Business Times en 2026-06-16T14:15:46+08:00 KPMG scandal deepens Big Four accounting firms’ woes in Australia https://cassette.sphdigital.com.sg/image/businesstimes/93e6213707e0b5ea9c3db2b1ca3875934ba3d7635a3e4a1120038b77e9ad2971 KPMG is embroiled in a scandal after allegedly sharing confidential company information with prospective private-sector clients to bid for auditing work. KPMG is embroiled in a scandal after allegedly sharing confidential company information with prospective private-sector clients to bid for auditing work. https://www.businesstimes.com.sg/opinion-features/scenario-ai-driven-jobless-economic-growth-need-not-scare-investors-and-society The Business Times en 2026-06-16T14:15:04+08:00 Scenario of AI-driven jobless economic growth need not scare investors and society https://cassette.sphdigital.com.sg/image/businesstimes/b4a3d8a8febafd6d402bd85ef27758686e2ff9504156df15b7c4ca0bbad9cf65 Workers displaced by AI could create new businesses, pursue artistic interests, set up social enterprises or launch community initiatives. Workers displaced by AI could create new businesses, pursue artistic interests, set up social enterprises or launch community initiatives. https://www.businesstimes.com.sg/international/xi-jinping-endorses-leadership-myanmars-president-both-leaders-meet-beijing The Business Times en 2026-06-16T14:14:08+08:00 Xi Jinping endorses leadership of Myanmar’s president as both leaders meet in Beijing https://cassette.sphdigital.com.sg/image/businesstimes/1905ded6d52a3ecdc215a9da9f66c1bb1139867f42112620c26606c32363dc26 Chinese President Xi Jinping (left) and Myanmar's President Min Aung Hlaing attend a welcoming ceremony at the Great Hall of the People in Beijing on Jun 16. Chinese President Xi Jinping (left) and Myanmar's President Min Aung Hlaing attend a welcoming ceremony at the Great Hall of the People in Beijing on Jun 16. https://www.businesstimes.com.sg/international/australias-central-bank-warns-rate-hikes-might-not-be-over-after-holding-fire The Business Times en 2026-06-16T13:46:30+08:00 Australia’s central bank warns rate hikes might not be over after holding fire https://cassette.sphdigital.com.sg/image/businesstimes/b2272f0b1166b729c6bfa0ebba8f86e94214d2344856c7d1a7ba5888db3ad10b The RBA has already raised rates by 75 basis points since February as it struggled to contain stubborn inflationary pressures in the face of surging energy costs. Annual inflation slowed to 4.2% in April but a measure of underlying inflation picked up to 3.4%, above the target band of 2% to 3%. https://www.businesstimes.com.sg/international/global/strait-hormuz-transit-will-take-weeks-resume-mitsui-osk-ceo-tells-ft The Business Times en 2026-06-16T13:37:47+08:00 Strait of Hormuz transit will take ‘weeks’ to resume, Mitsui OSK CEO tells FT https://cassette.sphdigital.com.sg/image/businesstimes/20b400d63c2f3e57a107400225d7777ec15be60f1ec21899112df84a27dc291f Mitsui OSK’s Jotaro Tamura says: “What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz....” Mitsui OSK’s Jotaro Tamura says: “What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz....” https://www.businesstimes.com.sg/international/asean/vietnam-stocks-see-biggest-foreign-inflows-nearly-six-years The Business Times en 2026-06-16T13:04:14+08:00 Vietnam stocks see biggest foreign inflows in nearly six years https://cassette.sphdigital.com.sg/image/businesstimes/c4e9c1db7742ddf4e4f975b6676c790efe2648591a80cbe0030a3046ea6a3f1f Global investors’ purchases in Vietnam were part of their broader buying spree in several Asian emerging markets after the US and Iran agreed to reopen the Strait of Hormuz. Global investors’ purchases in Vietnam were part of their broader buying spree in several Asian emerging markets after the US and Iran agreed to reopen the Strait of Hormuz. https://www.businesstimes.com.sg/esg/singapore-banks-may-need-address-indirect-exposure-captive-coal-their-financing-policies The Business Times en 2026-06-16T13:00:00+08:00 Singapore banks may need to address indirect exposure to captive coal in their financing policies https://cassette.sphdigital.com.sg/image/businesstimes/03197f4a6269256537713c70d14c0fc09f2e40273d990b8da23ae99c67a463b4 Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. Captive coal, which refers to off-grid coal plants operated by industrial companies to power their operations, has generally fallen outside financing restrictions. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/japans-nikkei-hits-record-high-yen-steady-after-boj-hikes-rates-expected The Business Times en 2026-06-16T12:50:05+08:00 Japan’s Nikkei hits record high, yen steady after BOJ hikes rates as expected https://cassette.sphdigital.com.sg/image/businesstimes/fb0e009453521f5571196e829fa9b172fd98a84676e0aeb1644d51fbf88efd4e The BOJ’s decision came during the trading break for stocks and bonds. The BOJ’s decision came during the trading break for stocks and bonds. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/chinas-property-stocks-tumble-back-pre-2024-stimulus-levels The Business Times en 2026-06-16T12:28:04+08:00 China’s property stocks tumble back to pre-2024 stimulus levels https://cassette.sphdigital.com.sg/image/businesstimes/60e6006465869e8f1b681a9821936ce12be9df77414a7292c106fb7afb62d304 The property gauge has fallen 13% this year while the Star 50 Index, which has chipmakers as its members, gained 30%. The property gauge has fallen 13% this year while the Star 50 Index, which has chipmakers as its members, gained 30%. https://www.businesstimes.com.sg/opinion-features/fragile-iran-peace-follows-war-without-victors The Business Times en 2026-06-16T12:00:00+08:00 A fragile Iran peace follows a war without victors https://cassette.sphdigital.com.sg/image/businesstimes/d08b0ba296d0c8004d134ab67322719fcf9767841f3cd60d3b2900be927acc8c A gradual reopening of the Strait of Hormuz – while talks begin over the issue of Iran’s nuclear programme – leaves plenty of room for disputes and misunderstandings. A gradual reopening of the Strait of Hormuz – while talks begin over Iran’s nuclear programme – leaves a lot of room for disputes and misunderstandings. https://www.businesstimes.com.sg/companies-markets/zouk-expands-mice-and-concerts-s6-million-revamp-focuses-differentiated-experiences The Business Times en 2026-06-16T12:00:00+08:00 Zouk expands into Mice and concerts with S$6 million revamp, focuses on differentiated experiences https://cassette.sphdigital.com.sg/image/businesstimes/b8ce3d6bc7d396e972917f98afd6fc8155daf55b121e9e2c68b5851ff140d0f0 Andrew Li, chief executive of Zouk Group. CEO Andrew Li says to capture partygoers today, Zouk Group must offer differentiated experiences for distinct demographics, from Gen Zs to high spenders. https://www.businesstimes.com.sg/esg/south-east-asias-green-power-investments-hit-new-high-us17-billion-2025-iea The Business Times en 2026-06-16T12:00:00+08:00 South-east Asia’s green power investments hit new high of US$17 billion in 2025: IEA https://cassette.sphdigital.com.sg/image/businesstimes/a16f933427f50fa36fb58b276ad95cfbadfbdb3512ff5156bdd464e6dcd03f39 The International Energy Agency says US$27 billion is needed between 2025 and 2040 to deliver the region's proposed energy interconnection projects. The International Energy Agency says US$27 billion is needed between 2025 and 2040 to deliver the region's proposed energy interconnection projects. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-raises-interest-rates-31-year-high-widely-expected-move The Business Times en 2026-06-16T11:39:56+08:00 Bank of Japan raises interest rates to 31-year high in widely expected move https://cassette.sphdigital.com.sg/image/businesstimes/5a2a7afaeeeb25a222656790a4011e2b05ecae779272058ea3b3b0f13224a7e8 Bank of Japan deputy governor Shinichi Uchida says: "Price rises are broadening and there is a risk underlying inflation may deviate from our target.” Bank of Japan deputy governor Shinichi Uchida says: "Price rises are broadening and there is a risk underlying inflation may deviate from our target.” https://www.businesstimes.com.sg/international/asean/oil-slide-brings-little-relief-hard-hit-philippine-consumers The Business Times en 2026-06-16T11:27:22+08:00 Oil slide brings little relief to hard-hit Philippine consumers https://cassette.sphdigital.com.sg/image/businesstimes/f421d680cd5fd1c711f21e92ad79952fe47dde677ec9b14d458ba5ba6064bf5a The malaise is evident from the streets to the supermarkets in what was once the fastest-growing economy in South-east Asia. The nation's debt-to-gross domestic product ratio is already at the highest in over two decades and exceeds the internationally accepted 60 per cent threshold. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asia-markets-temper-iran-deal-optimism-investors-assess-boj-rate-hike The Business Times en 2026-06-16T10:42:20+08:00 Asia markets temper Iran deal optimism; investors assess BOJ rate hike https://cassette.sphdigital.com.sg/image/businesstimes/989654c49900ff26e43205b351ede896bed8e7ff82ef9d3b8df7a269c73d7aff Investors continue to monitor developments in the Middle East, watching for signs whether shipping traffic through Hormuz is returning to normal and assessing if the peace accord will hold. Investors continue to monitor developments in the Middle East, watching for signs whether shipping traffic through Hormuz is returning to normal and assessing if the peace accord will hold. https://www.businesstimes.com.sg/companies-markets/banking-finance/aia-prudential-create-senior-roles-hong-kong-wealthy-china-clients The Business Times en 2026-06-16T10:36:17+08:00 AIA, Prudential create senior roles in Hong Kong for wealthy China clients https://cassette.sphdigital.com.sg/image/businesstimes/8e134c6c60397a9d38f970ed31b6117ef01340e9d4c0018fbbddda7c0388f591 Insurers have increasingly been looking to target Asia’s growing wealthy class, after years of focusing on mass-affluent customers Insurers have increasingly been looking to target Asia’s growing wealthy class, after years of focusing on mass-affluent customers. https://www.businesstimes.com.sg/international/chinese-economy-stalls-spending-investment-drop-covid-era-levels1 The Business Times en 2026-06-16T10:35:24+08:00 Chinese economy stalls as spending, investment drop to Covid-era levels https://cassette.sphdigital.com.sg/image/businesstimes/cc696ff610ed67827af7a57aa54455324917563f06e4d0f4dbfd25f6088fd5cd Retail sales declined 0.6% last month from a year ago, posting a worse-than-forecast drop. Retail sales declined 0.6% last month from a year ago, posting a worse-than-forecast drop. https://www.businesstimes.com.sg/companies-markets/jardine-matheson-targets-5-annual-dividend-growth-launches-us500-million-share-buyback The Business Times en 2026-06-16T10:14:46+08:00 Jardine Matheson targets 5% annual dividend growth, launches US$500 million share buyback https://cassette.sphdigital.com.sg/image/businesstimes/b687b0acd454dbcc1b436bd64dad94df6e42da0dde21a37619e1644b2fd54e2e Mandarin Oriental, which was delisted from SGX on Jan 20, is among the portfolio companies of Jardine Matheson Holdings. Mandarin Oriental, which was delisted from SGX on Jan 20, is among the portfolio companies of Jardine Matheson Holdings. https://www.businesstimes.com.sg/property/chinas-new-home-prices-fall-faster-pace-may-soft-demand The Business Times en 2026-06-16T10:10:05+08:00 China’s new home prices fall at faster pace in May on soft demand https://cassette.sphdigital.com.sg/image/businesstimes/dc2d9cad47574d91b66271fcdc31a1f1ff0b801504bf598bc3d8a9acd657476c China’s property downturn has weighed on the economy for almost five years, hampering efforts by officials to spur household spending and reduce reliance on exports. Home prices are expected to fall at a slower pace than forecast in a March survey this year and edge up in 2027. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hong-kong-market-faces-pressure-hk255-billion-locked-shares-expire-july The Business Times en 2026-06-16T10:07:00+08:00 Hong Kong market faces pressure as HK$255 billion in locked shares expire in July https://cassette.sphdigital.com.sg/image/businesstimes/87196069eda0a5f2628d97e2def8bfb4e5409c92522a657479c4284704135741 Pressured by China’s struggling economy and doubts on Chinese firms’ heavy AI spending, the Hang Seng Index has fallen 3% this year. Pressured by China’s struggling economy and doubts on Chinese firms’ heavy AI spending, the Hang Seng Index has fallen 3% this year. https://www.businesstimes.com.sg/companies-markets/reits-property/elite-uk-reit-buy-five-government-leased-uk-properties-ps31-9-million The Business Times en 2026-06-16T09:48:53+08:00 Elite UK Reit to buy five government-leased UK properties for £31.9 million https://cassette.sphdigital.com.sg/image/businesstimes/80d7de3366fbf66219eddef23ad3f531691d1ee10d6c09d87d8a22e7f0bd19e0 Joshua Liaw, CEO of the Reit's manager, said that the pairing of government-leased properties and living sector assets will enhance the resilience of distributions amid continued macroeconomic volatility. Joshua Liaw, CEO of the Reit's manager, says the pairing of government-leased properties and living sector assets will enhance the resilience of distributions. https://www.businesstimes.com.sg/companies-markets/xiaohongshu-targets-end-june-confidential-hong-kong-ipo-sources The Business Times en 2026-06-16T09:44:09+08:00 Xiaohongshu targets end of June for confidential Hong Kong IPO: sources https://cassette.sphdigital.com.sg/image/businesstimes/d85fcc4cefab8551f5c332e8ea48ded2ab150ac39839f8dc439728c048e3ad89 Xiaohongshu - known in the US as RedNote - emerged this year as a viable competitor to TikTok, which faces threats of a ban in the US. Xiaohongshu has grown into a lifestyle and social-commerce powerhouse in China’s online arena. https://www.businesstimes.com.sg/international/trump-thanks-china-and-russia-partners-iran-diplomatic-help-sealing-ceasefire-deal The Business Times en 2026-06-16T09:03:58+08:00 Trump thanks China and Russia, partners of Iran, for diplomatic help in sealing ceasefire deal https://cassette.sphdigital.com.sg/image/businesstimes/8183508ff2c59f87bf9fc965805bc9bbac61e44b3b07cd7137e898be246350e6 US President Donald Trump praised two world leaders he has called his friends, Xi Jinping (left) of China and Vladimir Putin of Russia. US President Donald Trump praised two world leaders he has called his friends, Xi Jinping (left) of China and Vladimir Putin of Russia. https://www.businesstimes.com.sg/international/trump-says-hormuz-will-reopen-jun-19-americas-g7-allies-arent-so-sure The Business Times en 2026-06-16T09:00:54+08:00 Trump says Hormuz will reopen by Jun 19. America’s G7 allies aren’t so sure https://cassette.sphdigital.com.sg/image/businesstimes/f2fa1efb9cadc4145478d1e2c8d0100131084d52b895c749abe144728b0f0626 French President Emmanuel Macron (left) and UK PM Keir Starmer (right) have led an effort by US allies to produce a plan to help reopen the strait in the event of a final peace deal. French President Emmanuel Macron (left) and UK PM Keir Starmer (right) have led an effort by US allies to produce a plan to help reopen the strait in the event of a final peace deal. https://www.businesstimes.com.sg/international/asean/fintech-titans-gcash-and-maya-test-ipo-goals-philippine-market-thins The Business Times en 2026-06-16T08:51:44+08:00 Fintech titans GCash and Maya test IPO goals as Philippine market thins https://cassette.sphdigital.com.sg/image/businesstimes/fce488ba9e315138365c7a5c6c631f90685168717446861eda75d852db037b2b GCash, owned by mobile payment firm Mynt, is now the Philippines' largest platform for cashless transactions.  GCash, owned by mobile payment firm Mynt, is now the Philippines' largest platform for cashless transactions.  https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/stocks-watch-sia-jardine-matheson-holdings-elite-uk-reit The Business Times en 2026-06-16T08:20:11+08:00 Stocks to watch: SIA, Jardine Matheson Holdings, Elite UK Reit https://cassette.sphdigital.com.sg/image/businesstimes/2d4408670c8710687a057ee17eee365ed0440e1878c1fff191892564560ccdb3 SIA Group passenger traffic grew 4.9 per cent year on year in May. SIA Group's passenger traffic grew 4.9% year on year in May. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-holds-gain-trump-touts-reopening-hormuz-week The Business Times en 2026-06-16T08:07:21+08:00 Gold holds gain as Trump touts reopening of Hormuz this week https://cassette.sphdigital.com.sg/image/businesstimes/35ea4ac229f3a5389969b715ed71628c9123888830b53a589ef3db45b812f63b Gold is down about 18% since the US and Israel launched strikes on Iran in late February. Gold is down about 18% since the US and Israel launched strikes on Iran in late February. https://www.businesstimes.com.sg/companies-markets/banking-finance/blackrock-sheds-another-200-jobs-adopting-regular-cycle-cuts The Business Times en 2026-06-16T07:47:56+08:00 BlackRock sheds another 200 jobs, adopting regular cycle of cuts https://cassette.sphdigital.com.sg/image/businesstimes/443e61a0e56590447fca74fa5d0f2bfdfbda31bd879c9b0c11bb135524d50173 While the cuts are measured, the regularity is helping redefine the culture at the investment firm that has grown with major acquisitions in recent years. While the cuts are measured, the regularity is helping redefine the culture at the investment firm that has grown with major acquisitions in recent years. https://www.businesstimes.com.sg/international/global/spacex-surges-20-first-full-day-trading-add-us412-billion-value The Business Times en 2026-06-16T07:47:27+08:00 SpaceX surges 20% in first full day of trading to add US$412 billion in value https://cassette.sphdigital.com.sg/image/businesstimes/057d58afba5208f3c57bb9f64c9e7c91ec2b401f5eb512ab628198933ae3f180 At its current market capitalisation, SpaceX is less than US$135 billion away from overtaking Amazon.com, which boasts a nearly US$2.7 trillion value. At its current market capitalisation, SpaceX is less than US$135 billion away from overtaking Amazon.com, which boasts a nearly US$2.7 trillion value. https://www.businesstimes.com.sg/international/worst-us-inflation-may-be-over-if-iran-peace-deal-sticks The Business Times en 2026-06-16T07:23:32+08:00 Worst of US inflation may be over if Iran peace deal sticks https://cassette.sphdigital.com.sg/image/businesstimes/549aec111769485e6c5f1417cddf0e1e8c225353a0190a7fdbe93e1f56e036c7 Petrol prices now average US$4.07 a gallon in the US, based on American Automobile Association data. Consumer spending has remained resilient despite the run-up in petrol prices and other costs due to the war. https://www.businesstimes.com.sg/opinion-features/russia-test-europes-strategic-autonomy The Business Times en 2026-06-16T07:15:00+08:00 Russia is the test of Europe’s strategic autonomy https://cassette.sphdigital.com.sg/image/businesstimes/5200702c2b9240583ef9bc83a42fafc62024faf844715886b07a953744e33531 Russian President Vladimir Putin refuses to acknowledge he can fail in Ukraine, but a debate has begun among the country's elite that is at once promising and worrying. Russian President Vladimir Putin refuses to acknowledge he can fail in Ukraine, but a debate has begun among the country's elite that is at once promising and worrying. https://www.businesstimes.com.sg/opinion-features/dumb-choices-make-smart-glasses-so-appealing The Business Times en 2026-06-16T07:15:00+08:00 The dumb choices that make smart glasses so appealing https://cassette.sphdigital.com.sg/image/businesstimes/29d0ec4192c56ae2bac0d0895ac71fb832033f04d1583d86beeeec3b06cb90f1 Meta has removed facial-recognition code from an artificial intelligence companion app for its smart glasses. Meta has removed facial-recognition code from an artificial intelligence companion app for its smart glasses. https://www.businesstimes.com.sg/startups-tech/technology/singapore-startups-double-down-ai-usage-running-multiple-platforms-aspire-report The Business Times en 2026-06-16T07:00:00+08:00 Singapore startups double down on AI usage, running multiple platforms: Aspire report https://cassette.sphdigital.com.sg/image/businesstimes/3146a0d7049df2188c22c748d6135d58f6759d69898478478be28696def456eb ChatGPT was the top AI platform among startups with 2,377 unique paying clients in FY2026 – a 31% increase from that in FY2024. ChatGPT was the top AI platform among startups with 2,377 unique paying clients in FY2026 – a 31% increase from the number in FY2024. https://www.businesstimes.com.sg/companies-markets/tiger-beer-lines-new-products-singapore-operations-role-shifts-brewing-innovation The Business Times en 2026-06-16T07:00:00+08:00 Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation https://cassette.sphdigital.com.sg/image/businesstimes/9d5ff3ba528e9ba4d0bd2b78ccbef2d4af60c40a494b346a576affb83d46b639 SJ Heng, senior director of commerce at Heineken Asia-Pacific, says that a beer's brand is "not determined by the postal code of the brewery". SJ Heng, senior director of commerce at Heineken Asia-Pacific, says that a beer's brand is "not determined by the postal code of the brewery". https://www.businesstimes.com.sg/opinion-features/eu-and-asean-50-time-bold-action The Business Times en 2026-06-16T07:00:00+08:00 EU and Asean at 50: time for bold action https://cassette.sphdigital.com.sg/image/businesstimes/b49882f69f2915469f9fc949016a688ceb7faa7a80e4e836f45587541c85a301 Asean is now in a position to revisit the idea of a bloc-to-bloc agreement with the EU. Asean is now in a position to revisit the idea of a bloc-to-bloc agreement with the EU. https://www.businesstimes.com.sg/startups-tech/technology/biggest-ai-skill-may-not-be-technical The Business Times en 2026-06-16T07:00:00+08:00 The biggest AI skill may not be technical https://cassette.sphdigital.com.sg/image/businesstimes/569d2ab482320fc3f473a55603a8ecc0c019983fe376920bcf2a825b2278411f From L-R: Claressa Monteiro, Dean Tong, head of group human resources at UOB, and Victor Chua, deputy chief executive officer of NUS-ISS, National University of Singapore From left: Claressa Monteiro, The Business Times' head of audio and host of the "Lens on Singapore" podcast, with Dean Tong, head of group human resources at UOB, and Victor Chua, deputy chief executive officer of NUS-ISS. https://www.businesstimes.com.sg/international/trumps-first-term-china-tariffs-survive-supreme-court-challenge The Business Times en 2026-06-16T06:49:29+08:00 Trump’s first-term China tariffs survive Supreme Court challenge https://cassette.sphdigital.com.sg/image/businesstimes/8db2d6031684e51cb50e247d10bfff6f1cdabd43e910957b8de762aaf4f185b4 The companies told the Supreme Court that Trump was trying to use Section 307 to circumvent Section 301’s more stringent procedural requirements. The Trump administration urged the Supreme Court to leave the Federal Circuit ruling in place, saying the president did exactly what Congress envisioned. https://www.businesstimes.com.sg/international/global/us-iran-deal-promises-end-war-how-it-will-work-remains-unclear The Business Times en 2026-06-16T06:44:43+08:00 US-Iran deal promises end to war but how it will work remains unclear https://cassette.sphdigital.com.sg/image/businesstimes/b41247db9cf95fdf69cb5e81901c036b8800d2d60fbe6f81a71929ab9c205700 Negotiators would address difficult issues like the future of Iran’s nuclear programme during the next phase of talks to be held during the 60-day window. Negotiators would address difficult issues like the future of Iran’s nuclear programme during the next phase of talks to be held during the 60-day window. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-markets-weigh-return-supply-us-iran-peace-deal The Business Times en 2026-06-16T06:20:36+08:00 Oil falls as markets weigh return of supply, US-Iran peace deal https://cassette.sphdigital.com.sg/image/businesstimes/8abd2cdfc7a3627a962ec00b929e7e85d77ab3de96ebfba1c4217e28320d4296 Some analysts expect a resumption of supply soon via the strait, with other factors weighing down physical market prices. Some analysts expect a resumption of supply soon via the strait, with other factors weighing down physical market prices. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-rallies-dow-ends-record-us-iran-deal-oil-price-slide The Business Times en 2026-06-16T06:01:01+08:00 Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide https://cassette.sphdigital.com.sg/image/businesstimes/2b17cb87626555a9e0a45f16781e98036fa16d1e01421c4e97440ba82316c203 The S&P 500 energy index was its biggest laggard, finishing down 3.6%. The three main indexes marked their third consecutive session of gains. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-ends-record-high-us-iran-deal-lifts-sentiment The Business Times en 2026-06-16T05:39:24+08:00 Europe’s Stoxx 600 ends at record high as US-Iran deal lifts sentiment https://cassette.sphdigital.com.sg/image/businesstimes/932ba353b64d44d2a7a404599e0d2d3eecda6e774e8c8862bcf25101c5ee05b4 Concerns over energy-driven inflation led the European Central Bank to hike interest rates by 25 basis points last week. Concerns over energy-driven inflation led the European Central Bank to hike interest rates by 25 basis points last week. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-dow-hits-record-high-iran-deal-optimism-lower-oil-prices The Business Times en 2026-06-15T22:36:35+08:00 US stocks: Dow hits record high on Iran deal optimism, lower oil prices https://cassette.sphdigital.com.sg/image/businesstimes/a69336b09080483838dec18213ca75648490da211e4987c17fa266bbd80a396a All three main indexes were on track for a third straight session of gains on Monday. All three main indexes were on track for a third straight session of gains on Monday. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-looks-raise-least-us20-billion-bond-offering The Business Times en 2026-06-15T22:28:05+08:00 Nvidia looks to raise at least US$20 billion from bond offering https://cassette.sphdigital.com.sg/image/businesstimes/1fe29cdbe08a346163e105c4a55ee21495ac500385e912ab0fe649b6405e1926 Proceeds from Nvidia’s sale will help fund general corporate purposes, including the repayment and refinancing of outstanding notes. Proceeds from Nvidia’s sale will help fund general corporate purposes, including the repayment and refinancing of outstanding notes. https://www.businesstimes.com.sg/international/us-manufacturing-output-stalls-first-time-year The Business Times en 2026-06-15T21:57:26+08:00 US manufacturing output stalls for the first time this year https://cassette.sphdigital.com.sg/image/businesstimes/30400bc66e8b389c6f6e043bb2110e85188b7a380f6d11dbd7af851f93af0b05 US factory output was little changed last month after an upwardly revised 0.7 per cent advance in April. US factory output was little changed last month after an upwardly revised 0.7 per cent advance in April. https://www.businesstimes.com.sg/singapore/erp-alerts-roadside-e-parking-payment-trial-ahead-erp-2-roll-out The Business Times en 2026-06-15T21:52:34+08:00 ERP alerts, roadside e-parking payment in trial ahead of ERP 2 roll-out https://cassette.sphdigital.com.sg/image/businesstimes/ba633da9c47eab4a570b5465180e982e1214fc1a810fd0f8cacdf9c0a988d158 The “ERP Ahead” notification will appear at the last possible exit before motorists reach a charging location. The “ERP Ahead” notification will appear at the last possible exit before motorists reach a charging location. https://www.businesstimes.com.sg/international/vance-hopes-release-text-agreement-halt-war-iran-week The Business Times en 2026-06-15T21:48:40+08:00 Vance hopes to release text of agreement to halt war in Iran this week https://cassette.sphdigital.com.sg/image/businesstimes/4ec59049338af8e6ec91d33b7fab8581bd445d9e23faf9ee0c7f0d97aeb79257 US Vice-President JD Vance said Iran’s foreign minister and House speaker will represent Iran at the signing in Switzerland on Jun 19. US Vice-President JD Vance said Iran’s foreign minister and House speaker will represent Iran at the signing in Switzerland on Jun 19. https://www.businesstimes.com.sg/international/macron-rebuffs-trumps-threats-wine-tariffs-g7-meets The Business Times en 2026-06-15T21:32:35+08:00 Macron rebuffs Trump’s threats of wine tariffs as G7 meets https://cassette.sphdigital.com.sg/image/businesstimes/b3fc176498784d80be85afff1325623f101ef3ce018c482e66391e29b16c4ba0 “This digital tax, which several European countries have decided on and implemented, is part of our law,” French President Macron said on TF1 television. “This digital tax, which several European countries have decided on and implemented, is part of our law,” French President Macron said on TF1 television. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-hits-3-month-low-us-iran-reach-peace-deal-reopen-strait-hormuz The Business Times en 2026-06-15T21:06:43+08:00 Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/5bdad6343eb6a01a2f91a17dad053e94e1cb74927d8bfeffb67fa3ea37766cd0 US President Trump said on Sunday that the Strait of Hormuz would be open “toll free” and that a US naval blockade of Iranian ports would also end. US President Trump said on Sunday that the Strait of Hormuz would be open “toll free” and that a US naval blockade of Iranian ports would also end. https://www.businesstimes.com.sg/property/blackrock-evaluating-s330m-hotel-purchase-singapore-cbd-chinatown-area The Business Times en 2026-06-15T20:14:32+08:00 BlackRock evaluating S$330m hotel purchase in Singapore CBD, Chinatown area https://cassette.sphdigital.com.sg/image/businesstimes/faa7d456496fa87a0bcfa39c91dae8058225c8dc3537b2af47233c2f8f191e7b Capri by Fraser China Square. The 16-storey Capri by Fraser China Square opened in 2019. https://www.businesstimes.com.sg/singapore/allianzs-reported-hsbc-life-bid-reflects-race-scale-singapores-competitive-life-insurance-sector The Business Times en 2026-06-15T20:14:26+08:00 Allianz’s reported HSBC Life bid reflects race for scale in Singapore’s competitive life insurance sector https://cassette.sphdigital.com.sg/image/businesstimes/1b616b51c8c6e64a89bc260170e0b834a040d0b3b42f5a10b9f4c0cc1a5509db Consolidation trends are likely to persist in Singapore as insurers seek greater scale, improved efficiency, and stronger distribution capabilities to sustain profitability in the competitive market. Consolidation trends are likely to persist in Singapore as insurers seek greater scale, says Fitch Ratings' Asia-Pacific insurance team. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/retail-investors-face-tighter-limits-funds-spacex-ipo-flipping The Business Times en 2026-06-15T19:36:54+08:00 Retail investors face tighter limits than funds in SpaceX IPO flipping https://cassette.sphdigital.com.sg/image/businesstimes/4dca233b71841a2ce3ad73df516a0b38996b1af43532284f1644f33030bfd7e8 Retail investors took 20 per cent in SpaceX's IPO. Retail investors took 20 per cent in SpaceX's IPO. https://www.businesstimes.com.sg/international/asean/very-low-chance-us-iran-deal-reverts-energy-flows-south-east-asia-through-hormuz-bloomberg-economics The Business Times en 2026-06-15T19:25:38+08:00 ‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics https://cassette.sphdigital.com.sg/image/businesstimes/61c22cdc3303485322d530d7b35d5751d584096e3faf1d0633254e4df5ab5368 Iran has been emboldened by the relative ease with which it has been able to influence shipping flows through the strait since the conflict began, noted economist Tamara Henderson.. As much as 90% of the crude oil supply of South-east Asian economies is imported from the Middle East, with much of it shipped through the Strait of Hormuz. https://www.businesstimes.com.sg/international/global/shippers-remain-cautious-hormuz-strait-transit-after-us-and-iran-agree-deal The Business Times en 2026-06-15T19:21:39+08:00 Shippers remain cautious on Hormuz strait transit after US and Iran agree deal https://cassette.sphdigital.com.sg/image/businesstimes/c1702bdbae0d867bc55d0cbdad43e512fe3d0f521a5c8badf217a8615cfe6175 Shipping association BIMCO said on Monday it still considers transits through the strait highly risky, with mines remaining a key concern. Shipping association Bimco said on Monday it still considers transits through the strait highly risky, with mines remaining a key concern. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-continue-rally-sti-1 The Business Times en 2026-06-15T18:52:52+08:00 Singapore stocks continue rally; STI up 1% https://cassette.sphdigital.com.sg/image/businesstimes/9e786973166f66e34784ff2d1be0d49e0fe99faea88fdd483ec821d7ef07c64d Across the broader market, gainers beat losers 435 to 196, after 1.5 billion securities worth S$2.1 billion change hands. Across the broader market, gainers beat losers 435 to 196, after 1.5 billion securities worth S$2.1 billion change hands. https://www.businesstimes.com.sg/esg/china-sets-sights-heavy-truck-electrification-blow-diesel-demand The Business Times en 2026-06-15T18:35:12+08:00 China sets sights on heavy truck electrification in blow to diesel demand https://cassette.sphdigital.com.sg/image/businesstimes/8e9db87814af2e8dff36bcf455a5c2224ec68a760f924edf5d324f9591708c08 Electric heavy trucks are parked at a fleet depot equipped with electric truck chargers, Tangshan, Hebei province, China, April 1, 2026. Electric heavy trucks are parked at a fleet depot equipped with electric truck chargers, Tangshan, Hebei province, China, April 1, 2026. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-15 The Business Times en 2026-06-15T18:30:00+08:00 Daily Debrief: What Happened Today (Jun 15) https://cassette.sphdigital.com.sg/image/businesstimes/ac4f376f62f03121aede2e3fb4dafba0eaa45fb5e52735850b34532b4541495c DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds. DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds. https://www.businesstimes.com.sg/companies-markets/transport-logistics/sia-group-passenger-traffic-rises-4-9-may The Business Times en 2026-06-15T18:13:09+08:00 SIA Group passenger traffic rises 4.9% in May https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 The group, which comprises flagship carrier SIA and budget arm Scoot, posted a passenger traffic of 13.5 billion revenue passenger-kilometres in May. SIA Group fields these gains amid shifting operational dynamics. https://www.businesstimes.com.sg/international/uk-losing-jobs-abroad-due-high-energy-costs-manufacturers-and-union-warn The Business Times en 2026-06-15T17:29:06+08:00 UK losing jobs abroad due to high energy costs, manufacturers and union warn https://cassette.sphdigital.com.sg/image/businesstimes/146ecc0b81750657cfb4e26db1b95ee81a4899470c5076e56096899bd9dff263 British PM Keir Starmer is also facing discontent among his Labour lawmakers after a series of U-turns and resignations. British PM Keir Starmer is also facing discontent among his Labour lawmakers after a series of U-turns and resignations. https://www.businesstimes.com.sg/companies-markets/banking-finance/billionaire-partners-group-founder-moves-split-family-office The Business Times en 2026-06-15T17:22:10+08:00 Billionaire Partners Group founder moves to split family office https://cassette.sphdigital.com.sg/image/businesstimes/9f66443ac4b3a0017b1a828e681fca6e82f6aa0536ba22675543a8e58b8e0a89 A building at the Partners Group Holding AG headquarters in Baar, Switzerland, June 5, 2026. A building at the Partners Group Holding AG headquarters in Baar, Switzerland, June 5, 2026. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/foundation-healthcare-plans-file-singapore-ipo-soon-sources The Business Times en 2026-06-15T17:22:03+08:00 Foundation Healthcare plans to file Singapore IPO soon: sources https://cassette.sphdigital.com.sg/image/businesstimes/ab83dd70b6f178023c0c976ddb81845812709ad937f4e36b327cd2fe281f4c62 Foundation Healthcare was established in 2023 with a US$150 million investment by SeaTown Holdings, an affiliate of Temasek. Singapore-based SeaTown invested S$150 million in Foundation Healthcare in 2023. https://www.businesstimes.com.sg/companies-markets/banking-finance/scandal-hit-kpmg-australia-will-not-bid-new-federal-work-until-end-september The Business Times en 2026-06-15T17:07:49+08:00 Scandal-hit KPMG Australia will not bid for new federal work until end-September https://cassette.sphdigital.com.sg/image/businesstimes/ce5f21650033e8b8681ebfe68c0299a650a824426062f5b245dcc7e5170fd158 KPMG will not seek any new government work while the firm’s governance, culture, ethics and integrity are being investigated. KPMG will not seek any new government work while the firm’s governance, culture, ethics and integrity are being investigated. https://www.businesstimes.com.sg/international/britain-announces-sweeping-social-media-ban-under-16s The Business Times en 2026-06-15T16:53:51+08:00 Britain announces sweeping social media ban for under-16s https://cassette.sphdigital.com.sg/image/businesstimes/4219ac64bd7c68d5d2241842866149faa45833d3a5bae04fba8a883292d9399b Britain has increasingly toughened its approach to tech companies in recent years. Britain has increasingly toughened its approach to tech companies in recent years. https://www.businesstimes.com.sg/international/fitch-affirms-chinas-credit-rating The Business Times en 2026-06-15T16:45:21+08:00 Fitch affirms China’s credit rating at ‘A’ https://cassette.sphdigital.com.sg/image/businesstimes/f630b2b92ee24cabdf40c5d59f24c6574c4aa584f3e7de9fc1d026a74170c887 China’s official manufacturing PMI fell to a 3-month low of 50 in May from 50.3 in April, pointing to weakening demand, official data showed. China’s official manufacturing PMI fell to a 3-month low of 50 in May from 50.3 in April, pointing to weakening demand, official data showed. https://www.businesstimes.com.sg/singapore/not-just-venue-manager-kallang-goes-all-out-court-worlds-top-concerts-and-sports-events The Business Times en 2026-06-15T16:30:00+08:00 ‘Not just a venue manager’: The Kallang goes all out to court the world’s top concerts and sports events https://cassette.sphdigital.com.sg/image/businesstimes/8adb95e99fa0fbe0461b15007126560aa035be27e04115c751c451bbce52db32 The Kallang Group chairman Keith Magnus at the National Stadium, which has hosted the likes of Taylor Swift, Coldplay and Blackpink in recent years. The Kallang Group chairman Keith Magnus at the National Stadium, which has hosted the likes of Taylor Swift, Coldplay and Blackpink in recent years. https://www.businesstimes.com.sg/companies-markets/transport-logistics/tesla-presented-misleading-full-self-driving-safety-data-european-regulators The Business Times en 2026-06-15T16:25:55+08:00 Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators https://cassette.sphdigital.com.sg/image/businesstimes/33cc9d70f25a6a18df026b0f7063728ce93042e9cfe209b1d92c14f71f66dc56 Tesla enthusiast Kees Roelandschap drives around hands-free with his electric car, several days after Dutch regulators approved the use of Tesla's self-driving software, in Amsterdam, Netherlands, April 17, 2026. Tesla enthusiast Kees Roelandschap drives around hands-free with his electric car, several days after Dutch regulators approved the use of Tesla's self-driving software, in Amsterdam, Netherlands, April 17, 2026. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-hits-record-high-after-us-iran-preliminary-peace-deal The Business Times en 2026-06-15T15:52:05+08:00 Europe’s Stoxx 600 hits record high after US-Iran preliminary peace deal https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index was little changed on Monday. The Stoxx 600 index rose 1.2 per cent to 640.94 points by 0711 GMT on Monday. https://www.businesstimes.com.sg/lifestyle/spielbergs-disclosure-day-leads-box-office-us44m The Business Times en 2026-06-15T15:49:02+08:00 Spielberg’s Disclosure Day leads box office with US$44m https://cassette.sphdigital.com.sg/image/businesstimes/19a6d8c816a6755ac2329c0014cdfc6adc66f26bb584c89c46a6e4e91dd43adf Disclosure Day retreads a genre that has fascinated Spielberg throughout his career, building on the success of his films Close Encounters of the Third Kind and E.T. The Extra-Terrestrial. Disclosure Day retreads a genre that has fascinated Spielberg throughout his career, building on the success of his films Close Encounters of the Third Kind and E.T. The Extra-Terrestrial. https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-insurance-regulator-vows-crackdown-rule-breakers The Business Times en 2026-06-15T15:30:59+08:00 Hong Kong insurance regulator vows crackdown on rule-breakers https://cassette.sphdigital.com.sg/image/businesstimes/c692fb9af2f5642b786b9c7b8e8da81272119bf40c4a6285466d6acd2429a03f Wealthy mainland Chinese flock to Hong Kong to buy insurance policies, to accumulate foreign currency and manage wealth. Wealthy mainland Chinese flock to Hong Kong to buy insurance policies, to accumulate foreign currency and manage wealth. https://www.businesstimes.com.sg/international/trump-threatens-100-tariff-french-wine-over-tech-tax-g7-meets-ny-post The Business Times en 2026-06-15T15:30:25+08:00 Trump threatens 100% tariff on French wine over tech tax as G7 meets: NY Post https://cassette.sphdigital.com.sg/image/businesstimes/51e0994321b6e2b6d169feeb651751ceb585f154428cbaf38abd05f0aeee7ff9 Wines and spirits exported to the US from the EU currently face a 15 per cent tariff. Wines and spirits exported to the US from the EU currently face a 15 per cent tariff. https://www.businesstimes.com.sg/opinion-features/what-world-cup-can-tell-us-about-finance The Business Times en 2026-06-15T15:27:28+08:00 What the World Cup can tell us about finance https://cassette.sphdigital.com.sg/image/businesstimes/915282c05b58099db5a5b884a5662068ef48c9739c1cf30453c677cd9110b8d9 Netherlands might be a relative outsider, but the team is the 2026 pick of a World Cup forecasting model designed by Panmure Liberum’s Joachim Klement. Spain might be the current favourite in betting markets, but the Netherlands is the 2026 pick of a World Cup forecasting model designed by Joachim Klement. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/china-bonds-emerge-surprise-haven-iran-war-reshapes-portfolios The Business Times en 2026-06-15T15:19:40+08:00 China bonds emerge as surprise haven as Iran war reshapes portfolios https://cassette.sphdigital.com.sg/image/businesstimes/44500db41206806f2afde7f52317086409788ab80dd9aac837ef6503be7b80f6 China’s tight capital controls are keeping money within its borders. China’s tight capital controls are keeping money within its borders. https://www.businesstimes.com.sg/international/chinas-pet-owners-splurge-preschools-pamper-puppies The Business Times en 2026-06-15T15:11:51+08:00 China’s pet owners splurge on preschools to pamper puppies https://cassette.sphdigital.com.sg/image/businesstimes/328717ff2396efb329aa942230b34558fc07521ae4d001a1fcceedf38a9618ee Paw3 founder Jann Zhang says he started the preschool after struggling to find help for his golden retriever, Fuzai, who had anxiety-related behavioural problems. Paw3 founder Jann Zhang says he started the preschool after struggling to find help for his golden retriever, Fuzai, who had anxiety-related behavioural problems. https://www.businesstimes.com.sg/companies-markets/banking-finance/australias-asx-admits-misleading-software-upgrade-agrees-20-5-million-penalty The Business Times en 2026-06-15T15:02:43+08:00 Australia’s ASX admits to misleading on software upgrade, agrees to A$20.5 million penalty https://cassette.sphdigital.com.sg/image/businesstimes/1c0e8d677719acd698c7c5122efbd3697e941d7785cbc72b0a6e7ba20048dfea ASX shelved the previous Chess project in November 2022, following repeated failures and heavy spending to reassess it. ASX shelved the previous Chess project in November 2022, following repeated failures and heavy spending to reassess it. https://www.businesstimes.com.sg/opinion-features/what-iran-us-peace-deal-means-businesses The Business Times en 2026-06-15T15:00:00+08:00 What the Iran-US peace deal means for businesses https://cassette.sphdigital.com.sg/image/businesstimes/61c22cdc3303485322d530d7b35d5751d584096e3faf1d0633254e4df5ab5368 The closure of the Strait of Hormuz triggered what the International Energy Agency characterised as the “largest supply disruption in the history of the global oil market”. The closure of the Strait of Hormuz triggered what the International Energy Agency characterised as the “largest supply disruption in the history of the global oil market”. https://www.businesstimes.com.sg/international/global/asias-oil-thirsty-economies-cautiously-welcome-us-iran-deal The Business Times en 2026-06-15T14:58:01+08:00 Asia’s oil-thirsty economies cautiously welcome US-Iran deal https://cassette.sphdigital.com.sg/image/businesstimes/3e52a9dc6b4eacdd08647b680eb380f9e0a5bff3f977bc11721f551d09f30152 Reopening the Strait of Hormuz would provide relief across Asia, which consumed about 90 per cent of the oil flowing through the waterway. Reopening the Strait of Hormuz would provide relief across Asia, which consumed about 90 per cent of the oil flowing through the waterway. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singapore-public-sector-commands-highest-ai-salary-premium-job-postings-surge-pwc-study The Business Times en 2026-06-15T14:56:54+08:00 Singapore public sector commands highest AI salary premium as job postings surge: PwC study https://cassette.sphdigital.com.sg/image/businesstimes/fae26947cc0a753347e90cac625959371f7bac2c87b2464c848acf0ad743adfa AI jobs in high demand in the public sector “Findings suggest that roles are being reconfigured, rather than phased out, as demand for AI-related jobs rose,” the PwC report noted. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/musk-says-spacex-could-bring-us1-trillion-revenue-2030 The Business Times en 2026-06-15T14:50:32+08:00 Musk says SpaceX could bring US$1 trillion in revenue by 2030 https://cassette.sphdigital.com.sg/image/businesstimes/b7c684d80341212816b6bfed4885f6db24d48943253aac292246020742476a20 Elon Musk became the world's first trillionaire with the launch of SpaceX's IPO. Elon Musk became the world's first trillionaire with the launch of SpaceX's IPO. https://www.businesstimes.com.sg/companies-markets/energy-commodities/singapore-marine-fuel-sales-fall-6-8-may-likely-due-cheaper-bunker-china The Business Times en 2026-06-15T14:33:47+08:00 Singapore marine fuel sales fall 6.8% in May, likely due to cheaper bunker in China https://cassette.sphdigital.com.sg/image/businesstimes/78e21ed35f32896e6453bff5d233364e8ede07402ca9f0008bcd2ce9221b4adc Sales of bunker or marine fuel slipped 6.8% year on year to 4.5 million tonnes in May. Sales of bunker or marine fuel slipped 6.8% year on year to 4.5 million tonnes in May. https://www.businesstimes.com.sg/companies-markets/starbucks-korea-give-staff-history-training-after-backlash-over-tank-day-marketing-campaign The Business Times en 2026-06-15T14:21:46+08:00 Starbucks Korea to give staff history training after backlash over ‘Tank Day’ marketing campaign https://cassette.sphdigital.com.sg/image/businesstimes/655b1ff373817b2638661d7610ff4ab50dac66e1f2506c2f3de699933c24d203 Starbucks Korea plans to overhaul marketing approval procedures. Starbucks Korea plans to overhaul marketing approval procedures. https://www.businesstimes.com.sg/international/global/us-iran-peace-deal-what-it-means-strait-hormuz-and-oil-supply The Business Times en 2026-06-15T13:56:55+08:00 US-Iran peace deal: What it means for the Strait of Hormuz and oil supply https://cassette.sphdigital.com.sg/image/businesstimes/48feda1f88e253f1f953e2efe8cd7175f00c53774349e0365b192dd799925eab The strait is an essential route for the energy market, handling around a fifth of the world’s oil and liquefied natural gas supply. The strait is an essential route for the energy market, handling around a fifth of the world’s oil and liquefied natural gas supply. https://www.businesstimes.com.sg/property/new-private-home-sales-three-month-low-may-only-one-major-new-launch-developers-sell-447-units-all The Business Times en 2026-06-15T13:24:22+08:00 New private home sales at three-month low in May, with only one major new launch; developers sell 447 units in all https://cassette.sphdigital.com.sg/image/businesstimes/896f181f5b63883250bbd30ee42ef6bfc8283b70bc9240b5e9a78c3f26cef67c The Rest of Central Region led Singapore's condo and private apartment sales, accounting for about three-quarters of sales in May 2026. The Rest of Central Region led in condo and private apartment sales, accounting for about three-quarters of sales. https://www.businesstimes.com.sg/international/hong-kongs-leader-dodges-questions-potential-second-term The Business Times en 2026-06-15T13:18:46+08:00 Hong Kong’s leader dodges questions on potential second term https://cassette.sphdigital.com.sg/image/businesstimes/86594bcf5bec444d1146a8f1c5dfe248a81a08a3b306f545cebe99c4f047398e Looking back after his four years in office, the former security chief lauded his administration’s ability to tackle long-standing problems. Hong Kong Chief Executive John Lee will finish his current term at the end of next June. https://www.businesstimes.com.sg/international/bbc-cut-hundreds-jobs-britain-news-division-downsize-report The Business Times en 2026-06-15T13:07:30+08:00 BBC to cut hundreds of jobs in Britain in news division downsize: report https://cassette.sphdigital.com.sg/image/businesstimes/ff88ef4030eddff25a8add59fb7e5a0f51bf0cb161de91192673075929fd3daf BBC's downsizing plans are expected to result in a total of about 2,000 jobs lost to save hundreds of millions of pounds. BBC's downsizing plans are expected to result in a total of about 2,000 jobs lost to save hundreds of millions of pounds. https://www.businesstimes.com.sg/opinion-features/enduring-enigma-economic-growth The Business Times en 2026-06-15T13:00:00+08:00 The enduring enigma of economic growth https://cassette.sphdigital.com.sg/image/businesstimes/f3ac3a0511047520b4ec4d73f71ff0328689a6a0264c4440614aa009f812503a Innovation requires what economists call rents: abnormally large profits that more than compensate for innovators’ costs. Parts for various robots in Shenzhen. Innovation requires what economists call rents: abnormally large profits that more than compensate for innovators’ costs. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/south-korea-watchdog-probes-brokerage-over-failed-spacex-ipo-share-allocation The Business Times en 2026-06-15T12:30:32+08:00 South Korea watchdog probes brokerage over failed SpaceX IPO share allocation https://cassette.sphdigital.com.sg/image/businesstimes/2c9d5dabd5feeeb7e5eafe2fa73b5df74c49ee29cf9c519906054df57759bfe3 The failed allocation disrupted plans by some Korea asset managers to add SpaceX shares through the offering. The failed allocation disrupted plans by some Korea asset managers to add SpaceX shares through the offering. https://www.businesstimes.com.sg/singapore/singapores-total-employment-growth-slows-q1-job-vacancies-dip-while-retrenchments-inch The Business Times en 2026-06-15T12:30:00+08:00 Singapore’s total employment growth slows in Q1; job vacancies dip while retrenchments inch up https://cassette.sphdigital.com.sg/image/businesstimes/75403c65f38017c2526c77ab87af972095b3d74b75a8248c27a24604dbb2e2f0 Total employment's expansion in Q1 is underpinned by stronger resident employment gains, even as non-resident employment growth moderates. Total employment's expansion in Q1 is underpinned by stronger resident employment gains. https://www.businesstimes.com.sg/opinion-features/investment-story-trumps-size-reits-key-be-sufficiently-differentiated The Business Times en 2026-06-15T12:29:46+08:00 Investment story trumps size for Reits; the key is to be sufficiently differentiated  https://cassette.sphdigital.com.sg/image/businesstimes/16323b8bef546bce083d532d6fd7fef8ed0e2e05a3e7f19da13ed02c8f339659 As Singapore's Reit sector matures, Reits need to stand out by having unique selling points As Singapore's Reit sector matures, Reits need to stand out by having unique selling points. https://www.businesstimes.com.sg/international/global/strait-hormuz-reopening-would-offer-relief-asia-economic-scars-will-remain The Business Times en 2026-06-15T12:14:36+08:00 Strait of Hormuz reopening would offer relief for Asia, but economic scars will remain https://cassette.sphdigital.com.sg/image/businesstimes/8b72e0d0f0b8769cbbe14fc00c55ce348edabe0f7d0acc6ef8cb3d7da764157e More than four-fifths of the petroleum and liquefied natural gas transiting the waterway is typically bound for Asian markets. More than four-fifths of the petroleum and liquefied natural gas transiting the waterway is typically bound for Asian markets. https://www.businesstimes.com.sg/companies-markets/transport-logistics/shipowners-seek-clarity-us-iran-deal-open-hormuz-600-vessels-eye-exit-strait The Business Times en 2026-06-15T11:42:54+08:00 Shipowners seek clarity on US-Iran deal to open Hormuz as 600 vessels eye exit from strait https://cassette.sphdigital.com.sg/image/businesstimes/5ae5d54717cffe73761475897a167253f76cabb7858c350484273cf7d22547f2 Iran’s grip on Hormuz, combined with a US blockade, has created an unprecedented disruption to the global energy trade. Iran’s grip on Hormuz, combined with a US blockade, has created an unprecedented disruption to the global energy trade. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asia-hedge-funds-notch-triple-digit-gains-ai-led-rally The Business Times en 2026-06-15T11:42:07+08:00 Asia hedge funds notch triple-digit gains in AI-led rally https://cassette.sphdigital.com.sg/image/businesstimes/6df02fe2c7c763c14ffa0dc00bbf7914a7e7824b8988c86e1f209e838f7f7be2 China’s Shanghai Composite has climbed to its highest level in more than a decade. China’s Shanghai Composite has climbed to its highest level in more than a decade. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/bytedance-talks-chinas-iluvatar-corex-purchase-ai-chips-sources The Business Times en 2026-06-15T11:40:43+08:00 ByteDance in talks with China’s Iluvatar CoreX to purchase AI chips: sources https://cassette.sphdigital.com.sg/image/businesstimes/1c8c8a9f84fd4cb8bfa918373de0d4af04ca035acefb9f37f3c2ef57f2ddeb3b Iluvatar CoreX is expected to ship at least 50,000 chips to ByteDance this year and most of them will be used for inference workloads. Iluvatar CoreX is expected to ship at least 50,000 chips to ByteDance this year and most of them will be used for inference workloads. https://www.businesstimes.com.sg/companies-markets/banking-finance/top-banks-rush-fill-chief-ai-roles-talent-jumps-rivals The Business Times en 2026-06-15T11:22:59+08:00 Top banks rush to fill chief AI roles as talent jumps to rivals https://cassette.sphdigital.com.sg/image/businesstimes/6db015d68ac14616e29a206beddbef9ab64bc690bc8dd7a720221321e272c8dc Banks that struggle to integrate AI risk losing clients, market share and talent to rivals. Banks that struggle to integrate AI risk losing clients, market share and talent to rivals. https://www.businesstimes.com.sg/singapore/keep-what-works-change-what-does-not-pm-wong-singapores-approach-navigating-challenges The Business Times en 2026-06-15T11:16:32+08:00 ‘Keep what works, change what does not’: PM Wong on Singapore’s approach to navigating challenges https://cassette.sphdigital.com.sg/image/businesstimes/1874817c41fcd7cbb5fbf17124e3de6344848a2561857a6135d5e4ee8f0ac6cc Prime Minister Lawrence Wong noted that every city must navigate constraints and tap its unique strengths to deal with challenges. Prime Minister Lawrence Wong noted that every city must navigate constraints and tap its unique strengths to deal with challenges. https://www.businesstimes.com.sg/international/us-feds-kevin-warsh-caught-between-trump-and-bond-market-betting-rate-hikes The Business Times en 2026-06-15T11:16:28+08:00 US Fed’s Kevin Warsh caught between Trump and bond market betting on rate hikes https://cassette.sphdigital.com.sg/image/businesstimes/bb6603b4fc7e38eb1248f11bec8653748bb13de74be32930e6cb050b05d26420 Kevin Warsh’s (left) maiden press conference, and the Fed’s post-meeting statement and forecasts, will be scoured for clues on what’s next. Kevin Warsh’s (left) maiden press conference, and the Fed’s post-meeting statement and forecasts, will be scoured for clues on what’s next. https://www.businesstimes.com.sg/companies-markets/energy-commodities/exxonmobil-studies-takeover-targets-including-australias-woodside-energy The Business Times en 2026-06-15T10:26:58+08:00 ExxonMobil studies takeover targets including Australia’s Woodside Energy https://cassette.sphdigital.com.sg/image/businesstimes/02a8d1f686e801330e7f38d3d76b4c9d754d667a61729e439dde3657b2df3df3 Woodside is Australia’s largest LNG exporter, and is developing a project on the US Gulf Coast which is set to come online by 2029. Woodside is Australia’s largest LNG exporter, and is developing a project on the US Gulf Coast which is set to come online by 2029. https://www.businesstimes.com.sg/international/trump-veers-toward-exit-iran-war-risks-loom The Business Times en 2026-06-15T10:13:48+08:00 Trump veers toward exit in Iran war, but risks loom https://cassette.sphdigital.com.sg/image/businesstimes/5e7092829cc6eba01e55675cffc215870fce445358d7efcfab186c6dd20e89f1 Trump has settled for a deal that appears short of many of the goals he outlined in the early days of the conflict Trump has settled for a deal that appears short of many of the goals he outlined in the early days of the conflict https://www.businesstimes.com.sg/companies-markets/banking-finance/jack-ma-backed-ant-group-set-high-stakes-overhaul-billion-user-alipay The Business Times en 2026-06-15T09:51:22+08:00 Jack Ma-backed Ant Group set for high-stakes overhaul of billion-user Alipay https://cassette.sphdigital.com.sg/image/businesstimes/1a5c732614785ba052ff5252f7a3068dc9b16ae31f6e46a3f4b86cb9d806b3bc Super-apps such as Alipay are already plugged into every aspect of daily life in China. Super-apps such as Alipay are already plugged into every aspect of daily life in China. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-iran-peace-deal-s-reits-aviation-stocks-developers-investors-radar-potential-winners The Business Times en 2026-06-15T09:44:25+08:00 US-Iran peace deal: S-Reits, aviation stocks, developers on investors’ radar as potential winners https://cassette.sphdigital.com.sg/image/businesstimes/06fb1c698753ab6d9bfac64cd7e3ce3ad4e1c97ddb1c154514476b2266e3953e Analysts believe the initial oil supply shock has already been discounted by investors, including in the Singapore market. Analysts believe the initial oil supply shock has already been discounted by investors, including in the Singapore market. https://www.businesstimes.com.sg/singapore/economy-policy/singapore-offer-otc-gold-clearing-central-bank-vaulting-end-2026-amid-gold-hub-push The Business Times en 2026-06-15T09:30:00+08:00 Singapore to offer OTC gold clearing, central bank vaulting by end-2026 amid gold-hub push https://cassette.sphdigital.com.sg/image/businesstimes/76ae375f4f05b97205e81bf88889be297deb384387bece448a96cc46bd0243c9 DPM Gan Kim Yong DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds. https://www.businesstimes.com.sg/companies-markets/banking-finance/japan-central-bank-set-hike-rates-highest-1995-despite-governor-absence The Business Times en 2026-06-15T09:23:35+08:00 Japan central bank set to hike rates to highest since 1995 despite governor absence https://cassette.sphdigital.com.sg/image/businesstimes/7e1700db5d99421797d92891cdbfe978c9eda361ebc1093d71c6d354d06ef269 The BOJ expects inflation to accelerate later this year as higher energy costs stemming from the Middle East conflict feed filter through the economy. Markets will watch for clues on how soon the BOJ might move again, with traders wary of potential currency intervention after the meeting if the yen weakens. https://www.businesstimes.com.sg/companies-markets/stocks-watch-annica-holdings-cosco-shipping-innotek The Business Times en 2026-06-15T08:35:07+08:00 Stocks to watch: Annica Holdings, Cosco Shipping, InnoTek https://cassette.sphdigital.com.sg/image/businesstimes/9e786973166f66e34784ff2d1be0d49e0fe99faea88fdd483ec821d7ef07c64d Generic photos for stories related to SGX, SGX-Nasdaq dual-listing bridge as well as broadening investor participation and boosting trading activity. InnoTek says that it has incorporated a new wholly owned subsidiary in Thailand to support its first liquid cooling components project. https://www.businesstimes.com.sg/companies-markets/lendlease-seeks-new-auditor-kpmg-australia-faces-regulatory-probe The Business Times en 2026-06-15T08:30:29+08:00 Lendlease seeks new auditor as KPMG Australia faces regulatory probe https://cassette.sphdigital.com.sg/image/businesstimes/c005aef4d40565db2c26d82b709fd1a06bd5b72860fc3458beb088c51c7bb760 KPMG is Lendlease’s auditor, as per its financial statements. KPMG is Lendlease’s auditor, as per its financial statements. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rises-over-2-after-us-iran-reach-peace-deal The Business Times en 2026-06-15T08:26:54+08:00 Gold rises over 2% after US, Iran reach peace deal https://cassette.sphdigital.com.sg/image/businesstimes/3f7336a48fddd71ea321aa910b13381d05e9c32c882a17fd202129cb9641314a Gold prices have fallen about 20% since the start of the US-Israeli war against Iran in late February. Gold prices have fallen about 20% since the start of the US-Israeli war against Iran in late February. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hong-kong-issuers-seek-boost-trading-overlooked-stocks The Business Times en 2026-06-15T08:17:50+08:00 Hong Kong issuers seek to boost trading in overlooked stocks https://cassette.sphdigital.com.sg/image/businesstimes/e370f997ee654d123aca92f7c1b5557b4229b6491878b49bd5e54dca7e7eade0 With about 400 companies in the pipeline, maiden share sales in Hong Kong are poised to top US$43 billion this year, in what would be a six-year high. With about 400 companies in the pipeline, maiden share sales in Hong Kong are poised to top US$43 billion this year, in what would be a six-year high. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/japan-south-korean-stocks-soar-us-iran-deal-reopen-hormuz-drive-optimism The Business Times en 2026-06-15T08:08:45+08:00 Japan, South Korean stocks soar as US-Iran deal to reopen Hormuz drive optimism https://cassette.sphdigital.com.sg/image/businesstimes/be109e45c1acd4d72a1f4442c9030d5e0a302d4071cae4ec70778f5f9166db69 Nikkei futures rose 2% to 68,685 on Jun 15, far above Jun 12’s cash close of 66,020. Nikkei futures rose 2% to 68,685 on Jun 15, far above Jun 12’s cash close of 66,020.