https://www.businesstimes.com.sg/companies-markets/banking-finance/boes-taylor-backs-extended-hold-interest-rates The Business Times en 2026-06-23T23:13:45+08:00 BOE's Taylor backs extended hold for interest rates https://cassette.sphdigital.com.sg/image/businesstimes/c8934825139fd451694bdadc996f7e0cc47962be70699bf9f8bc0e3887cd160a Bank of England policymaker Alan Taylor places the most weight on downside risks for Britain’s economy that might in the future require rate cuts from their current level of 3.75 per cent. Bank of England policymaker Alan Taylor places the most weight on downside risks for Britain’s economy that might in the future require rate cuts from their current level of 3.75 per cent. https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-hits-two-week-low-tech-selloff-sparks-risk-mood The Business Times en 2026-06-23T23:11:19+08:00 Bitcoin hits two-week low as tech selloff sparks risk-off mood https://cassette.sphdigital.com.sg/image/businesstimes/825bcb6d8a4d149cce23d014b1563edb4ac35f2e02e66be3d089a4e359bf48bf Bitcoin fell as much as 3.9 per cent to US$61,877 on Tuesday, its lowest level since June 11. Bitcoin fell as much as 3.9 per cent to US$61,877 on Tuesday, its lowest level since June 11. https://www.businesstimes.com.sg/companies-markets/ho-bee-land-issue-s150-million-worth-10-year-green-notes-3-3 The Business Times en 2026-06-23T22:34:35+08:00 Ho Bee Land to issue S$150 million worth of 10-year green notes at 3.3% https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 Ho Bee Land is issuing S$150 million worth of 10-year fixed rate green notes at 3.3 per cent. The Series 002 Notes are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031, Ho Bee Land said in a bourse filing on Tuesday (Jun 23), https://www.businesstimes.com.sg/international/us-business-activity-picks-manufacturing-strength The Business Times en 2026-06-23T22:29:52+08:00 US business activity picks up on manufacturing strength https://cassette.sphdigital.com.sg/image/businesstimes/10652e0983f0fffc244a6762ce3df3a60d77e41c59774d69f42a5c5916541d80 An employee checks solar cells at the QCells North America factory in Cartersville, Georgia, June 8, 2026. An employee checks solar cells at the QCells North America factory in Cartersville, Georgia, June 8, 2026. https://www.businesstimes.com.sg/companies-markets/singtels-australian-unit-optus-prices-s200-million-10-year-fixed-rate-notes-2-84 The Business Times en 2026-06-23T22:18:09+08:00 Singtel’s Australian unit Optus prices S$200 million 10-year fixed-rate notes at 2.84% https://cassette.sphdigital.com.sg/image/businesstimes/424b28c0e890afd617f4c1220ad776a24908e5f6efe7ef9d0bf9d38615253af1 Singtel's wholly owned subsidiary, Singtel Optus, has priced $200 million worth of 10-year fixed rate notes at 2.84 per cent. The notes will be drawn down from Optus Finance's three billion euro medium-term note programme. https://www.businesstimes.com.sg/companies-markets/china-resources-new-energy-draws-6-4-trillion-yuan-retail-bids-biggest-shenzhen-ipo The Business Times en 2026-06-23T22:05:34+08:00 China Resources New Energy draws 6.4 trillion yuan in retail bids for biggest Shenzhen IPO https://cassette.sphdigital.com.sg/image/businesstimes/9de33089454418a20e63299c44b250eefd140f9e19505f6e595fe7bf52461e60 The strong retail demand highlights appetite for one of China’s largest recent listings The strong retail demand highlights appetite for one of China’s largest recent listings https://www.businesstimes.com.sg/companies-markets/transport-logistics/porsches-promised-comeback-does-little-calm-investors-over-china The Business Times en 2026-06-23T21:42:19+08:00 Porsche’s promised comeback does little to calm investors over China https://cassette.sphdigital.com.sg/image/businesstimes/bbbb4063a9efa40a57853d19f3f15c57f8a1f9567a4e5ef2ba6526210a2f6b2f Shares of Porsche, long synonymous with its 911 rear-engine sports cars, have roughly halved since their 2022 listing. Shares of Porsche, long synonymous with its 911 rear-engine sports cars, have roughly halved since their 2022 listing. https://www.businesstimes.com.sg/companies-markets/wall-st-falls-open-tech-selloff-concerns-about-hawkish-fed-ai-spending-mount The Business Times en 2026-06-23T21:42:13+08:00 Wall St falls at open on tech selloff as concerns about hawkish Fed, AI spending mount https://cassette.sphdigital.com.sg/image/businesstimes/d2f407af774e46c43be70e1dacdf88bc6a9ba7a8205a5d031da851df44fcbd7f The Dow Jones Industrial Average fell 22.9 points, or 0.04 per cent, to 51,735.64. The Dow Jones Industrial Average fell 22.9 points, or 0.04 per cent, to 51,735.64. https://www.businesstimes.com.sg/property/us-consumers-favour-homebuying-over-renting-first-time-2023 The Business Times en 2026-06-23T21:35:38+08:00 US consumers favour homebuying over renting for first time since 2023 https://cassette.sphdigital.com.sg/image/businesstimes/7d2b19586fdb76c0cc6c2629a9c6aa0f3b5b9f7aaad9fb72df981ff203a7cbaa Homes in Hercules, California, US, on Wednesday, June 17, 2026. The Federal Housing Finance Association (FHFA) is scheduled to release house price index figures on June 30. Photographer: David Paul Morris/Bloomberg The findings point to improving sentiment toward homeownership, even as elevated mortgage rates, high home prices and limited housing supply continue to weigh on the market. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-prices-1-5-billion-yuan-dim-sum-notes-2-38-cent The Business Times en 2026-06-23T21:14:50+08:00 Singapore Airlines prices 1.5 billion yuan dim sum notes at 2.38 per cent https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 Singapore Airlines is issuing 1.5 billion yuan worth of 2.38 per cent fixed rate five-year dim sum bonds. Singapore Airlines' dim sum bonds are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031. https://www.businesstimes.com.sg/international/burnham-flesh-out-economic-plan-chancellor-pick-looms The Business Times en 2026-06-23T21:10:50+08:00 Burnham to flesh out economic plan as chancellor pick looms https://cassette.sphdigital.com.sg/image/businesstimes/52d1bc64ce2335b3c7b0efebe93f2aedec3dbf26f989b9d819a761a350bf2aab Andy Burnham is widely expected to emerge victorious from a contest next month for the leadership of both the governing Labour Party and the country. Andy Burnham is widely expected to emerge victorious from a contest next month for the leadership of both the governing Labour Party and the country. https://www.businesstimes.com.sg/companies-markets/transport-logistics/goto-grab-cut-driver-commissions-8-indonesia The Business Times en 2026-06-23T20:54:12+08:00 GoTo, Grab to cut driver commissions to 8% in Indonesia https://cassette.sphdigital.com.sg/image/businesstimes/904f9b1b9a14aaa79f548c0642767bf63f169d1d12141f798da7145c24fe8afa Deputy parliament speaker Cucun Ahmad Syamsurijal said the reduced commissions were proof that Prabowo’s administration “is genuinely committed to standing by all ride-hailing drivers.” Deputy parliament speaker Cucun Ahmad Syamsurijal said the reduced commissions were proof that Prabowo’s administration “is genuinely committed to standing by all ride-hailing drivers.” https://www.businesstimes.com.sg/companies-markets/transport-logistics/maersk-ceo-sees-solid-container-demand-through-second-half The Business Times en 2026-06-23T20:53:21+08:00 Maersk CEO sees solid container demand through second half https://cassette.sphdigital.com.sg/image/businesstimes/1fc329c82b2384d27ce407272422a0dba5959b1e07db93ec5d80aa5f126c89ed Spot container rates to move goods to the US and Europe from Asia have surged over the past seven weeks, according to the Drewry World Container Index. Spot container rates to move goods to the US and Europe from Asia have surged over the past seven weeks, according to the Drewry World Container Index. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-rises-one-year-high-fed-hike-bets-yen-hovers-near-40-year-low The Business Times en 2026-06-23T20:46:00+08:00 US dollar rises to one-year high on Fed hike bets; yen hovers near 40-year low https://cassette.sphdigital.com.sg/image/businesstimes/ee47d5b058340205d93460fb92f28925a4523a49e32d5fd06e25b2a6a7aa3418 Fed funds futures are pricing in more than an 85% chance of a quarter-point rate hike by the US Federal Reserve by September. Fed funds futures are pricing in more than an 85% chance of a quarter-point rate hike by the US Federal Reserve by September. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/uk-tribunal-gives-go-ahead-ps3-billion-lawsuit-against-apple-over-icloud-services The Business Times en 2026-06-23T20:35:48+08:00 UK tribunal gives go ahead for £3 billion lawsuit against Apple over iCloud services https://cassette.sphdigital.com.sg/image/businesstimes/df1433f03d8a295c959678d8072517a64f70fec498088a46981f62a79076a040 The case is being brought on behalf of nearly 40 million UK iCloud users who used the service between November 2018 and June 2026. The case is being brought on behalf of nearly 40 million UK iCloud users who used the service between November 2018 and June 2026. https://www.businesstimes.com.sg/international/us-waives-iran-sanctions-trump-warns-teheran-it-must-abide-agreement The Business Times en 2026-06-23T19:58:58+08:00 US waives Iran sanctions, Trump warns Teheran it must abide by agreement https://cassette.sphdigital.com.sg/image/businesstimes/d9d33246fab7bff86d2abe8fd576b7b84fd0b9d2fab51796490a1c9c8aec0d91 Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. https://www.businesstimes.com.sg/international/digital-euro-clears-key-hurdle-eu-seeks-break-free-us-credit-cards The Business Times en 2026-06-23T19:29:02+08:00 Digital euro clears key hurdle as EU seeks to break free from US credit cards https://cassette.sphdigital.com.sg/image/businesstimes/de5e6a4e6dbf7a163ee80318be4e6b13269b1b96664e877130deae126208111a The digital euro will allow all eurozone residents to make payments online and in person. The digital euro will allow all eurozone residents to make payments online and in person. https://www.businesstimes.com.sg/companies-markets/singapore-based-car-marketplace-carro-said-be-exploring-us-ipo The Business Times en 2026-06-23T19:12:16+08:00 Singapore-based car marketplace Carro said to be exploring US IPO https://cassette.sphdigital.com.sg/image/businesstimes/dedceec30dbade04450ceb60e1440ea57593c9076a4709020c8a14b2ede4677a Sources say that Carro is also considering a second listing in Singapore. Sources say that Carro is also considering a second listing in Singapore. https://www.businesstimes.com.sg/international/40-drown-france-people-seek-relief-heatwave The Business Times en 2026-06-23T19:07:10+08:00 40 drown in France as people seek relief from heatwave https://cassette.sphdigital.com.sg/image/businesstimes/af9a6e06e20e781cd4e69e8f5b13a96ab64fd4ad5931136fb772c9e9d069a13b In several places across Paris, shops had run out of electric fans amid surging demand. In several places across Paris, shops had run out of electric fans amid surging demand. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-end-flattish-after-tech-sell-drags-asia-markets-sti-0-03 The Business Times en 2026-06-23T19:00:20+08:00 Singapore stocks end flattish after tech sell-off drags Asia markets; STI up 0.03% https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 Across the broader market, losers outnumber gainers 435 to 193, after 1.6 billion securities worth S$2.1 billion change hands. Across the broader market, losers outnumber gainers 435 to 193, after 1.6 billion securities worth S$2.1 billion change hands. https://www.businesstimes.com.sg/companies-markets/mpact-units-obtain-s150-million-loan The Business Times en 2026-06-23T18:53:41+08:00 MPACT units obtain S$150 million loan https://cassette.sphdigital.com.sg/image/businesstimes/5aba54a5b1dd5f49c4df5acdc83a37780b0768bbb6cecb23310a425c54323c84 The manager of Mapletree Pan Asia Commercial Trust said on Tuesday it has obtained a S$150 million multi-currency loan. The loan has conditions attached to it. For example, it would become immediately repayable if the manager resigns or is removed from its role at MPACT. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-231 The Business Times en 2026-06-23T18:45:00+08:00 Daily Debrief: What Happened Today (Jun 23) https://cassette.sphdigital.com.sg/image/businesstimes/1d1ca2c482b5a6c6ee4da9dc7b47f14f4fd63f3fcd7b5d3a5c0c262c2a80dad2 On a month-on-month basis, Singapore's core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. On a month-on-month basis, Singapore's core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. https://www.businesstimes.com.sg/international/eurozone-inflation-could-stay-high-even-peace-deal-says-ecb-official The Business Times en 2026-06-23T18:33:19+08:00 Eurozone inflation could stay high even with peace deal, says ECB official https://cassette.sphdigital.com.sg/image/businesstimes/2abccf58671c84a8caeb0344c2264f970d0ece7353c292f6b3b870530f4d3591 ECB chief economist Philip Lane said inflation could remain well above target into the first half of 2027 after it rose above 3 per cent last month. ECB chief economist Philip Lane says inflation could remain well above target into the first half of 2027 after rising above 3% last month. https://www.businesstimes.com.sg/companies-markets/propnex-appoints-new-independent-director-board-reshuffle The Business Times en 2026-06-23T18:30:32+08:00 PropNex appoints new independent director in board reshuffle https://cassette.sphdigital.com.sg/image/businesstimes/299d198368cd0a49b46d4cdd372bb6c31f83d6cb0ed19dc91e13679ca6e3e565 PropNex announced a board reshuffle on Tuesday, with the appointment of Danny Lim as its new independent non-executive director. PropNex announced a board reshuffle on Tuesday, with the appointment of Danny Lim as its new independent non-executive director. https://www.businesstimes.com.sg/singapore/mas-likely-hold-july-singapores-may-core-inflation-undershoots-forecasts-economists The Business Times en 2026-06-23T18:27:53+08:00 MAS likely to hold in July as Singapore’s May core inflation undershoots forecasts: economists https://cassette.sphdigital.com.sg/image/businesstimes/787e033ada75e1b86054342e1760c89fb23009a15a4d6fbb7646aa5abbe6ded7 UOB associate economist Jester Koh estimates electricity tariffs will rise by 13 to 15 per cent quarter on quarter in the third quarter of 2026. Inflation risks remain tilted to the upside, as a slower-than-expected resumption in global energy supplies or continued shortages of key inputs to supply chains could further raise imported costs, say MAS and MTI. https://www.businesstimes.com.sg/opinion-features/greenspans-stumbles-hold-lessons-warshs-fed The Business Times en 2026-06-23T18:00:00+08:00 Greenspan’s stumbles hold lessons for Warsh’s Fed https://cassette.sphdigital.com.sg/image/businesstimes/a2beafc1a8970e195c8d8da61fafc4cf6ad5ea2b5e90746ffe5eccdc1a4be642 Kevin Warsh (above) is taking the reins of the Fed after five years of above-target inflation – unlike the virtuous cycle Greenspan inherited. Kevin Warsh (above) is taking the reins of the Fed after five years of above-target inflation – unlike the virtuous circle Greenspan inherited. https://www.businesstimes.com.sg/international/uk-economy-shrinks-second-straight-month-flash-pmi-shows The Business Times en 2026-06-23T17:58:32+08:00 UK economy shrinks for second straight month, flash PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/6d8c074a45e43af0a6f26f5f806c855c4a12ce9faa4ef6aade6fc819aa2ccb46 Rising joblessness has become a problem for Labour and the S&P’s sub-index measuring employment has been in negative territory for 21 months. Rising joblessness has become a problem for the UK's Labour Party; S&P’s sub-index measuring employment has been in negative territory for 21 months. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/indias-tata-electronics-hit-cyber-breach-claiming-expose-apple-tesla-trade-secrets The Business Times en 2026-06-23T17:54:50+08:00 India’s Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets https://cassette.sphdigital.com.sg/image/businesstimes/0bcb5fcc230f7b0d72f00818f3145004a51e7d648b9e2d6f3a12a5035d4746ab Tata has received a ransom demand related to the cyber breach. Tata has received a ransom demand related to the cyber breach. https://www.businesstimes.com.sg/international/global/back-earth-spacex-why-us2-trillion-titan-shed-us600-billion-3-days The Business Times en 2026-06-23T17:51:05+08:00 Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days https://cassette.sphdigital.com.sg/image/businesstimes/b2f6ad608cf717782a70e65095e3a9586f4c9cd799473c7e240d3cee8b9ffd4e The sudden reversal comes mere days after a US$75 billion initial public offering (IPO) that was reportedly more than four times subscribed. The sudden reversal comes a mere days after a US$75 billion initial public offering (IPO) that was reportedly more than four times subscribed. https://www.businesstimes.com.sg/international/uk-services-sector-contracts-fastest-pace-january-2023-pmi The Business Times en 2026-06-23T17:31:41+08:00 UK services sector contracts at fastest pace since January 2023: PMI https://cassette.sphdigital.com.sg/image/businesstimes/3b8beef52a4bf358f695d83fc3803db3ba02dcd113cff9d6657827c4745e7c99 The PMI signals a tough road ahead for Andy Burnham, the likely next prime minister. The PMI signals a tough road ahead for Andy Burnham, the likely next prime minister. https://www.businesstimes.com.sg/singapore/civil-servants-get-0-45-month-mid-year-bonus-marginally-2025 The Business Times en 2026-06-23T17:27:59+08:00 Civil servants get 0.45-month mid-year bonus, up marginally from 2025 https://cassette.sphdigital.com.sg/image/businesstimes/67b3040023b1db27048362dbec1079c8045f1f71e2070e46d442945165551de1 PSD says the payment takes into account Singapore’s Q1 economic performance, as well as the "significant" downside risks to the Republic's economic outlook. The Public Service Division says the payment takes into account Singapore’s Q1 economic performance, as well as the "significant" downside risks to the Republic's economic outlook. https://www.businesstimes.com.sg/international/iran-says-us12-billion-be-unfrozen-ahead-rubios-gulf-tour The Business Times en 2026-06-23T17:21:37+08:00 Iran says US$12 billion to be unfrozen ahead of Rubio’s Gulf tour https://cassette.sphdigital.com.sg/image/businesstimes/b20ea97364f10df52b2250eb8cceec38a6a1453794309fb5f8f78caf8ad07eb3 Traffic through the Strait of Homuz is increasing, pointing to growing confidence among shipowners and traders about sending vessels through as tensions ease. Traffic through the Strait of Homuz is increasing, pointing to growing confidence among shipowners and traders about sending vessels through as tensions ease. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-koreas-kospi-plunges-nearly-10-after-regulator-cautions-leveraged-etfs The Business Times en 2026-06-23T17:12:36+08:00 South Korea’s Kospi plunges nearly 10% after regulator cautions on leveraged ETFs https://cassette.sphdigital.com.sg/image/businesstimes/de3d6d6018a8058d534888a7b7480eb8aeaeeee78ce679dc03073d3bea9e073f The Kospi closed 910.71 points lower, its biggest daily plunge since March 4, at 8,203.84 points on Tuesday. The Kospi closed 910.71 points lower, its biggest daily plunge since March 4, at 8,203.84 points on Tuesday. https://www.businesstimes.com.sg/wealth/wealth-investing/rocket-may-thrill-do-not-forget-power-compounding The Business Times en 2026-06-23T17:10:30+08:00 A rocket may thrill, but do not forget the power of compounding https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 Singapore Airlines is among eight companies with track records spanning four decades, demonstrating resilience. Singapore Airlines is among eight STI-listed companies with track records spanning four decades, demonstrating resilience. https://www.businesstimes.com.sg/companies-markets/want-invest-private-companies-tokenised-shares-could-be-next-frontier The Business Times en 2026-06-23T17:00:00+08:00 Want to invest in private companies? Tokenised shares could be the next frontier https://cassette.sphdigital.com.sg/image/businesstimes/a1aff8bdcd6cb82db3af3f3c38a7bc9bf1cfb61230711e4d30cc00f733448284 A TDR is a digital security that directly represents an interest in the underlying share. A tokenised depositary receipt is a digital security that directly represents an interest in the underlying share. https://www.businesstimes.com.sg/wealth/wealth-investing/mega-ipos-could-turn-tide-public-equity-issuance-fidelity-manager The Business Times en 2026-06-23T16:58:59+08:00 Mega IPOs could turn the tide in public equity issuance: Fidelity manager https://cassette.sphdigital.com.sg/image/businesstimes/d5433b535d15e2a4124388c541d313b8294bf2e8c95623ed38974626c2e8edcf George Efstathopoulos, Fidelity International portfolio manager, said investors should still embrace the US as an investment destination, "but the rest of the world has awakened". Efstathopoulos says investors should still embrace the US as an investment destination, "but the rest of the world has awakened". https://www.businesstimes.com.sg/wealth/wealth-investing/moving-h2-2026-resilience-over-perfection The Business Times en 2026-06-23T16:51:18+08:00 Moving into H2 2026 – resilience over perfection https://cassette.sphdigital.com.sg/image/businesstimes/429f9d8fed2e20f0ad82e328e5020152595056781cce3aa76ddff88bafde9886 The AI trade looks richly positioned and a period of consolidation is likely. But the dips should be bought selectively. The AI trade looks richly positioned, and a period of consolidation is likely. But the dips should be bought selectively. https://www.businesstimes.com.sg/international/eurozone-private-sector-contraction-eases-june-services-stay-weak-pmi-shows The Business Times en 2026-06-23T16:49:17+08:00 Eurozone private sector contraction eases in June, but services stay weak, PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/196f443984a1c20fec0d089bd9ed5ecb126d0523640f524b8d29f464611b046f The Flash Eurozone Manufacturing PMI dipped to 51.3 in June from 51.6 – a four-month low. The Flash Eurozone Manufacturing PMI dipped to 51.3 in June from 51.6 – a four-month low. https://www.businesstimes.com.sg/esg/un-chief-calls-ai-firms-come-clean-environmental-costs The Business Times en 2026-06-23T16:47:47+08:00 UN chief calls on AI firms to come clean on environmental costs https://cassette.sphdigital.com.sg/image/businesstimes/921c595a83aa1261b08dfe8758188755d1a6a51719f01472f3075597f0db3dd4 "If AI is to help build a better future, it must be honest about what it costs us now," UN Secretary-General Antonio Guterres said. "If AI is to help build a better future, it must be honest about what it costs us now," UN Secretary-General Antonio Guterres said. https://www.businesstimes.com.sg/wealth/dont-mistake-familiarity-singapore-equities-diversification The Business Times en 2026-06-23T16:25:20+08:00 Don’t mistake the familiarity of Singapore equities for diversification https://cassette.sphdigital.com.sg/image/businesstimes/299d198368cd0a49b46d4cdd372bb6c31f83d6cb0ed19dc91e13679ca6e3e565 A Singapore-heavy equities portfolio can look diversified on the surface but holdings may share the same underlying sensitivities to local interest rates, Singapore property fundamentals and regional credit conditions. A small number of companies account for a disproportionate share of the Straits Times Index. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-fall-fourth-day-miners-tech-drag The Business Times en 2026-06-23T16:18:01+08:00 Australian shares fall for fourth day as miners, tech drag https://cassette.sphdigital.com.sg/image/businesstimes/4b8265631f6dfc9bdd4ed15611c4a8e80fae1a305d8d14477e1fed9dde57a0c1 The S&P/ASX 200 index fell 0.3 per cent to close at 8,787 on Tuesday. The S&P/ASX 200 index fell 0.3 per cent to close at 8,787 on Tuesday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-slip-fed-hike-bets-tech-drag The Business Times en 2026-06-23T15:57:25+08:00 European shares slip on Fed hike bets, tech drag https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index fell 0.89 per cent to 633.61 points by 0721 GMT on Tuesday. The Stoxx 600 index fell 0.89 per cent to 633.61 points by 0721 GMT on Tuesday. https://www.businesstimes.com.sg/international/german-business-activity-hits-18-month-low-june The Business Times en 2026-06-23T15:54:34+08:00 German business activity hits 18-month low in June https://cassette.sphdigital.com.sg/image/businesstimes/718ee24422670ab77fa163d7be63362b980ee4f8270f102a115a17d03320478f Business expectations for the coming 12 months weakened slightly overall and remained below the long-run trend, the survey showed. Business expectations for the coming 12 months weakened slightly overall and remained below the long-run trend, the survey showed. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nikkei-slides-one-week-low-profit-taking-hits-tech-stocks The Business Times en 2026-06-23T15:44:19+08:00 Nikkei slides to one-week low as profit-taking hits tech stocks https://cassette.sphdigital.com.sg/image/businesstimes/585b33c4d8ea8388c698e5d88852e15282fe0c193c9d19c5d54b0a69db7676c2 The Nikkei dropped 3.6 per cent to 69,788.38 on Tuesday, hitting a one-week low. The Nikkei dropped 3.6 per cent to 69,788.38 on Tuesday, hitting a one-week low. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ibm-partners-openai-enterprise-security-ai The Business Times en 2026-06-23T15:35:57+08:00 IBM partners with OpenAI on enterprise security AI https://cassette.sphdigital.com.sg/image/businesstimes/26b30a83d769aeea98b908e7b9b052e3ce4fe4767e9557bb7b8dfd5952276854 The OpenAI programme will expand our access to advanced AI capabilities, says Mark Hughes, global managing partner, cybersecurity services, IBM Consulting. The OpenAI programme will expand our access to advanced AI capabilities, says Mark Hughes, global managing partner, cybersecurity services, IBM Consulting. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/heineken-names-first-outsider-ceo-lead-turnaround-amid-sales-slump The Business Times en 2026-06-23T15:32:02+08:00 Heineken names first outsider CEO to lead turnaround amid sales slump https://cassette.sphdigital.com.sg/image/businesstimes/f324afe8a58958c2171559db0bdb7302a79cb78cbcd211a5ed865f28e6321f37 Rafael Oliveira will take the CEO role at Heineken on Oct 1. Rafael Oliveira will take the CEO role at Heineken on Oct 1. https://www.businesstimes.com.sg/international/indias-economic-activity-slowed-june-flash-pmi-shows The Business Times en 2026-06-23T15:31:36+08:00 India’s economic activity slowed in June, flash PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/20d5a490ac513d33b956d8b8063ecce061c51bce733b752611eeb5ffd72c3311 Fuel costs and energy availability became a growing concern during the survey period as tensions in the Middle East disrupted gas supplies and briefly pushed oil prices higher. Fuel costs and energy availability became a growing concern during the survey period as tensions in the Middle East disrupted gas supplies and briefly pushed oil prices higher. https://www.businesstimes.com.sg/companies-markets/transport-logistics/sias-dim-sum-bond-what-it-and-will-it-impact-investors The Business Times en 2026-06-23T15:29:55+08:00 SIA’s ‘dim sum’ bond: What is it and will it impact investors? https://cassette.sphdigital.com.sg/image/businesstimes/a7fa13c1ea498b935057b74478a9b631dfb304a5e6ecb1661188bbd77b013128 Maybank analysts said lower offshore yuan rates relative to Singapore dollar and US dollar funding costs could enable the airline to secure cheaper long-term financing. Lower offshore yuan rates relative to Singapore dollar and US dollar funding costs could enable SIA to secure cheaper long-term financing, say Maybank analysts. https://www.businesstimes.com.sg/international/after-interim-deal-rubio-faces-tough-task-selling-us-iran-reset-wary-gulf-allies The Business Times en 2026-06-23T15:10:34+08:00 After interim deal, Rubio faces tough task of selling US-Iran reset to wary Gulf allies https://cassette.sphdigital.com.sg/image/businesstimes/8cc3efeb1e75978d2257ffb72ceb8d3b5deeea871a69bd0e5f5438ac428d2b50 While US Secretary of State Marco Rubio needs to assuage Gulf allies, he must do so without appearing to criticise the US-Iran memorandum of understanding. While US Secretary of State Marco Rubio needs to assuage Gulf allies, he must do so without appearing to criticise the US-Iran memorandum of understanding. https://www.businesstimes.com.sg/international/new-lebanon-israel-talks-begin-shadow-us-iran-deal The Business Times en 2026-06-23T14:49:11+08:00 New Lebanon-Israel talks to begin, in shadow of US-Iran deal https://cassette.sphdigital.com.sg/image/businesstimes/913454b88f979265dd62b2103fc2762cdcf605f8d72c66a9c8422d8c040089d2 A Lebanese official and two foreign officials working in Lebanon say the Iran-US deal reached on Jun 17, 2026, has left the Lebanese state in its weakest position yet. A Lebanese official and two foreign officials working in Lebanon say the Iran-US deal reached on Jun 17, 2026, has left the Lebanese state in its weakest position yet. https://www.businesstimes.com.sg/international/tangled-nest-unwinding-us-sanctions-iran-after-interim-deal-wont-be-easy-or-quick The Business Times en 2026-06-23T14:21:20+08:00 ‘Tangled nest’: Unwinding US sanctions on Iran after interim deal won’t be easy or quick https://cassette.sphdigital.com.sg/image/businesstimes/32ea2311a6f3086074d4d18ce687995bb151fb76f234a684f6961c329f7649f1 Washington first sanctioned Iran in 1979, after revolutionary students seized the US embassy in Teheran, holding diplomats hostage. Washington first sanctioned Iran in 1979, after revolutionary students seized the US embassy in Teheran, holding diplomats hostage. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/softbanks-masayoshi-son-dismisses-musks-idea-orbital-data-centres The Business Times en 2026-06-23T14:19:44+08:00 SoftBank’s Masayoshi Son dismisses Musk’s idea for orbital data centres https://cassette.sphdigital.com.sg/image/businesstimes/7727d2515ab2bd6264738647e463d342c8bb05fb24d833bcb0edb27a3ea3d117 “In the battle for AI, the next few years will be far more important than what might happen a decade or so from now,” SoftBank Group founder Masayoshi Son said. “In the battle for AI, the next few years will be far more important than what might happen a decade or so from now,” SoftBank Group founder Masayoshi Son said. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/baht-drops-one-year-low-expectations-rate-gap-us The Business Times en 2026-06-23T14:07:13+08:00 Baht drops to one-year low on expectations of rate gap with US https://cassette.sphdigital.com.sg/image/businesstimes/88d2d546e2f54cb12b94e2af01ee0cb82a6452fe850958a2e4fcd0c9fd0c6fdb Thailand’s economic outlook remains challenging despite easing oil prices, as high household debt continues to weigh on consumption. The Bank of Thailand is expected to keep borrowing costs steady at 1% at its Jun 24, 2026, meeting. https://www.businesstimes.com.sg/international/asean/asia-pacific-contributing-reasonable-part-lenovos-us21-billion-ai-server-pipeline The Business Times en 2026-06-23T14:00:00+08:00 Asia-Pacific contributing ‘reasonable part’ of Lenovo’s US$21 billion AI server pipeline https://cassette.sphdigital.com.sg/image/businesstimes/b40f4ae8f4db47c2294619dcb4c280d50feaa95fbb91997c4c75aae7a44bc27a Amar Babu, President of Lenovo Asia Pacific, Lenovo Amar Babu, president of Lenovo Asia-Pacific, says that the company is currently only in the first year of what he sees as a decade-long opportunity for it to capitalise on the AI wave. https://www.businesstimes.com.sg/companies-markets/lazada-cuts-about-5-workforce-sign-maturing-e-commerce-sector-s-e-asia The Business Times en 2026-06-23T14:00:00+08:00 Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia https://cassette.sphdigital.com.sg/image/businesstimes/2744b571a97b08159581004180b9f97497ab7d2d3c5a1336ed02c8b022b3f492 Lazada said it would treat impacted employees with the applicable requirements based on the market they are in, Lazada says it will treat affected employees in accordance with the applicable requirements based on the market they are in. https://www.businesstimes.com.sg/companies-markets/energy-commodities/iran-rushes-woo-asias-largest-oil-importers-after-us-waiver The Business Times en 2026-06-23T13:56:49+08:00 Iran rushes to woo Asia’s largest oil importers after US waiver https://cassette.sphdigital.com.sg/image/businesstimes/4b067858db20abbd256fa224eb5c404b1c1f69f82f7decdb228245e9764ff013 Iran, which has long sold its shipments primarily to China, due to sanctions constraints, is eager to find a wider range of buyers and to clear oil currently in tankers. Iran, which has long sold its shipments primarily to China, due to sanctions constraints, is eager to find a wider range of buyers and to clear oil currently in tankers. https://www.businesstimes.com.sg/companies-markets/tencent-talks-offload-marvelous-and-other-global-game-bets The Business Times en 2026-06-23T13:19:03+08:00 Tencent in talks to offload Marvelous and other global game bets https://cassette.sphdigital.com.sg/image/businesstimes/15b35113f94d81fdd36f1a330c5d33fffbb80335f3fa8ae3b73ea31a679fbfb5 Tencent is navigating a prolonged slump for the games industry at the same time as it’s playing catchup in the capital-intensive AI race against peers Alibaba and ByteDance. Tencent is navigating a prolonged slump for the games industry at the same time as it’s playing catchup in the capital-intensive AI race against peers Alibaba and ByteDance. https://www.businesstimes.com.sg/companies-markets/singtel-sells-s1-billion-gulf-development-shares The Business Times en 2026-06-23T13:09:48+08:00 Singtel sells S$1 billion in Gulf Development shares https://cassette.sphdigital.com.sg/image/businesstimes/aac5066e4ba99853600ceb3a88b2ca409f4f265640dfc4f4402bd617be1a2c09 The transaction is the latest under Singtel’s capital recycling programme Singtel28, which has now unlocked S$6.8 billion. The transaction is the latest under Singtel’s capital recycling programme Singtel28, which has now unlocked S$6.8 billion. https://www.businesstimes.com.sg/singapore/singapore-core-inflation-holds-1-4-may-undershooting-forecasts-services-prices-cool The Business Times en 2026-06-23T13:00:00+08:00 Singapore core inflation holds at 1.4% in May, undershooting forecasts as services prices cool https://cassette.sphdigital.com.sg/image/businesstimes/1149883fede7862992315b2592a6de6f579949820170c7b93f17cedab1fe63d6 the all-items consumer price index rose by 0.7 per cent. On a month-on-month basis, the core consumer price index was unchanged, while the all-items CPI rose by 0.7 per cent. https://www.businesstimes.com.sg/wealth/wealth-investing/apollos-us26-billion-private-credit-fund-imposes-5-cap-requests-pull-17 The Business Times en 2026-06-23T12:26:37+08:00 Apollo’s US$26 billion private credit fund imposes 5% cap on requests to pull 17% https://cassette.sphdigital.com.sg/image/businesstimes/9bba85ea90adc396cf01cfe11f822e9622b390b20a3c694d0a2d4961b545f738 Apollo Debt Solutions said it had returned 1.5% in 2026 through May 31. Apollo Debt Solutions said it had returned 1.5% in 2026 through May 31. https://www.businesstimes.com.sg/companies-markets/banking-finance/morgan-stanley-plans-us1-3-billion-tower-dallas-expansion The Business Times en 2026-06-23T12:21:24+08:00 Morgan Stanley plans US$1.3 billion tower for Dallas expansion https://cassette.sphdigital.com.sg/image/businesstimes/14c3058c65f485f9294bc8282ea2c64506b06ffcda2844980d401a7d585c244c The New York-based bank would consolidate several businesses that have been growing in different parts of Dallas into a 709,000-square-foot skyscraper at 2401 McKinney Avenue, according to documents. The New York-based bank would consolidate several businesses that have been growing in different parts of Dallas into a 709,000-sq-ft skyscraper at 2401 McKinney Avenue, according to documents. https://www.businesstimes.com.sg/lifestyle/empty-rooms-and-plunging-prices-world-cup-tourism-slow-start The Business Times en 2026-06-23T12:04:33+08:00 Empty rooms and plunging prices: World Cup tourism is off to a slow start https://cassette.sphdigital.com.sg/image/businesstimes/ab3617bad2c650dd0fab939e976671c3624c55fc4129ae0639eab5a9eb96b2fc View of a US$1 million hotel suite offered as part of “The World Cup 2026 Extravaganza Package” at The Mark Hotel in New York City. A US$1 million hotel suite offered as part of “The World Cup 2026 Extravaganza Package” at The Mark Hotel in New York City. Hotels have been walking back hefty price increases. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-pause-internal-mouse-tracking-tech-while-examining-data-security-issues The Business Times en 2026-06-23T11:49:07+08:00 Meta to pause internal mouse-tracking tech while examining data security issues https://cassette.sphdigital.com.sg/image/businesstimes/93299bad7a3029e3aabf05a1c49a2735104e18cec398878bcf34283995060723 While Meta confirmed the investigation, it declined to say how long Meta planned to halt the programme. While Meta confirmed the investigation, it declined to say how long Meta planned to halt the programme. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sk-hynix-etfs-assets-soar-us17-billion-biggest-hong-kong The Business Times en 2026-06-23T11:34:59+08:00 SK Hynix ETF’s assets soar to US$17 billion, biggest in Hong Kong https://cassette.sphdigital.com.sg/image/businesstimes/ba9b81df1f13d6e6dd530a752491289c846dfd02b665c265d49c67ca7f0d0d96 Shares of memory‑chip giant SK Hynix have jumped over 300% in 2026. Shares of memory‑chip giant SK Hynix have jumped over 300% in 2026. https://www.businesstimes.com.sg/opinion-features/andy-burnhams-victory-may-change-labours-politics-not-britains-business-direction The Business Times en 2026-06-23T11:31:16+08:00 Andy Burnham’s victory may change Labour’s politics, but not Britain’s business direction https://cassette.sphdigital.com.sg/image/businesstimes/057da8231aa4341f5b84ebe2a1a154f4ef4df7a4c80e8f915eaa3c309608056a Burnham’s victory in the Makerfield Parlimentary by-election was significant not simply because he won, but because of how he won. Burnham’s victory in the Makerfield parlimentary by-election was significant not simply because he won, but also because of how he won. https://www.businesstimes.com.sg/companies-markets/temasek-backed-foundation-healthcare-lodges-preliminary-ipo-prospectus The Business Times en 2026-06-23T11:24:42+08:00 Temasek-backed Foundation Healthcare lodges preliminary IPO prospectus https://cassette.sphdigital.com.sg/image/businesstimes/0fbf7351a25ef3e42d0c9858b1b5326cc2023ac1ae9193a8eb271ff2001de8ec Ahead of the launch, the group had locked in S$118,245,000 in total commitments from 10 cornerstone investors. Ahead of the launch, the group had locked in S$118,245,000 in total commitments from 10 cornerstone investors. https://www.businesstimes.com.sg/international/china-pursues-austerity-first-fiscal-gap-cutback-2023 The Business Times en 2026-06-23T11:23:46+08:00 China pursues austerity with first fiscal gap cutback since 2023 https://cassette.sphdigital.com.sg/image/businesstimes/78a03bb93703d94dd52fda587b0fee9b1cbefa2453b65f1173b7653c965a2f3b China's exports are benefiting from a global artificial intelligence boom, reducing the urgency for stimulus to offset weak domestic demand. China's exports are benefiting from a global artificial intelligence boom, reducing the urgency for stimulus to offset weak domestic demand. https://www.businesstimes.com.sg/companies-markets/lot-leeway-spacexs-high-grade-debt-comes-under-scrutiny-sceptics-emerge The Business Times en 2026-06-23T11:12:45+08:00 ‘A lot of leeway’: SpaceX’s high-grade debt comes under scrutiny as sceptics emerge https://cassette.sphdigital.com.sg/image/businesstimes/f85a66e34bbd71e1892c561d20a6587b6244e3fabac7eccbf2c5c41b78de0788 SpaceX still lacks some hallmarks of a typical high-grade borrower. It is spending heavily, burning through cash and relying on future growth to make the numbers work. SpaceX still lacks some hallmarks of a typical high-grade borrower. It is spending heavily, burning through cash and relying on future growth to make the numbers work. https://www.businesstimes.com.sg/lifestyle/move-over-doctors-and-lawyers-samsung-sk-hynix-staff-are-south-koreas-new-marriage-catch The Business Times en 2026-06-23T11:07:17+08:00 Move over, doctors and lawyers: Samsung, SK Hynix staff are South Korea’s new ‘A+’ marriage catch https://cassette.sphdigital.com.sg/image/businesstimes/4072e8d50a81964ce34b07416a747093f7d806224f5933e6ec119cbb560fec57 Cram schools have started courses to help applicants get jobs at these chipmakers as hefty bonuses linked to the AI boom creates a new class of affluent workers. Cram schools have started courses to help applicants get jobs at these chipmakers as hefty bonuses linked to the AI boom creates a new class of affluent workers. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/tech-sell-drags-asian-stocks-lower-record The Business Times en 2026-06-23T10:31:05+08:00 Tech sell-off drags Asian stocks lower from record https://cassette.sphdigital.com.sg/image/businesstimes/df3c2eb4795d4e581dd192d9d122809bed0ba78ae7ca5efadc9c62dcb7af9bdb S&P 500 futures also edged lower after a slide in megacap tech stocks and rising bond yields dragged the benchmark down 0.4 per cent Jun 22. The Asian market moves follow a slide in megacap tech stocks and rising bond yields, that dragged the S&P 500 down 0.4% on Jun 22. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-chair-partners-exit-reset-scandal The Business Times en 2026-06-23T10:14:05+08:00 KPMG Australia chair, partners to exit in reset from scandal https://cassette.sphdigital.com.sg/image/businesstimes/93ae06fe9810a152342c03b72f0c392c02cb6123d32faa743ad1e86ed5f4f015 The senior departures mark a widening list of casualties from the scandal that emerged in March when allegations were first unveiled under parliamentary privilege. The senior departures mark a widening list of casualties from the scandal that emerged in March when allegations were first unveiled under parliamentary privilege. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-taps-new-whatsapp-boss-part-us900-million-investment-gic-backed-indian-startup The Business Times en 2026-06-23T10:10:06+08:00 Meta taps new WhatsApp boss as part of US$900 million investment into GIC-backed Indian startup https://cassette.sphdigital.com.sg/image/businesstimes/54bd0fc9d27d676c726c5ca2ec7f1a8bc276a93ae4bccd48a4418e4fd3396eee Meta said incognito chats will be powered by its private processing technology, ensuring conversations remain invisible to anyone, including the company itself. Meta has made several investments in India over the past few years, one of its most important markets and a major hub for WhatsApp. https://www.businesstimes.com.sg/property/singapore-real-estate-execs-turn-pessimistic-q1-inflation-fears-mount-nus-poll The Business Times en 2026-06-23T10:00:00+08:00 Singapore real estate execs turn pessimistic in Q1 as inflation fears mount: NUS poll https://cassette.sphdigital.com.sg/image/businesstimes/9368dd9e3cf7b6304c7cb7e716c947f25004b4f860f28de78c850d4f8ed193f4 Rising inflation and interest rates shot to top of mind for property players, with 80% citing them as concerns in Q1 – up sharply from 11.8% in Q4. Rising inflation and interest rates shot to top of mind for property players, with 80% citing them as concerns in Q1 – up sharply from 11.8% in Q4. https://www.businesstimes.com.sg/international/japans-factory-activity-expands-faster-pace-june-new-orders-surge-pmi-shows The Business Times en 2026-06-23T09:26:29+08:00 Japan’s factory activity expands at faster pace in June as new orders surge, PMI shows https://cassette.sphdigital.com.sg/image/businesstimes/696426104735d7cebf9cde47ebf1b114b7daa33f74ba87cff097e5cc6bddee3b Factory output rose at a slightly quicker rate, while new orders accelerated to their fastest pace in more than four years. Factory output rose at a slightly quicker rate, while new orders accelerated to their fastest pace in more than four years. https://www.businesstimes.com.sg/working-life/work-home-world-cup-even-jpmorgan-says-yes The Business Times en 2026-06-23T09:24:54+08:00 Work from home? For World Cup, even JPMorgan says yes https://cassette.sphdigital.com.sg/image/businesstimes/11f7e5d30b566f91ad61b5b4d34457397382f443360cedf973f2aa1cd1c46006 Cities from New York to Toronto and Mexico City warn of severe gridlock as fans crowd roadways and public transportation to attend matches. Cities from New York to Toronto and Mexico City warn of severe gridlock as fans crowd roadways and public transportation to attend matches. https://www.businesstimes.com.sg/international/asean/buy-now-pay-later-106-baht-bubble-tea-highlights-thailands-household-debt-risk The Business Times en 2026-06-23T09:02:36+08:00 Buy-now-pay-later for 106 baht bubble tea highlights Thailand’s household debt risk https://cassette.sphdigital.com.sg/image/businesstimes/8477248b2c76ef609e7a8623d7800e91ac7988f1a3576da47f3ec254e7300033 Governor Vitai Ratanakorn is moving to curb the rapid growth of BNPL services, which increasingly allow consumers to split everyday purchases into instalments. BOT governor Vitai Ratanakorn is moving to curb the rapid growth of BNPL services, which increasingly allow consumers to split everyday purchases into instalments. https://www.businesstimes.com.sg/companies-markets/dbs-tops-list-employers-sought-singapores-fresh-graduates-survey The Business Times en 2026-06-23T08:30:00+08:00 DBS tops list of employers sought by Singapore’s fresh graduates: survey https://cassette.sphdigital.com.sg/image/businesstimes/bd95efef113aeb6d03c3d55253a0fdf08befa3f81e74c8e24e26c06cf999bfbc A total of 44 other Singapore based companies and public sector agencies featured in the top 100 companies that Singapore graduates in 2026 want to work for. A total of 45 Singapore-based companies and public-sector agencies featured in the top 100, including top choice DBS. https://www.businesstimes.com.sg/companies-markets/stocks-watch-singapore-airlines-guocoland-geo-energy-resources The Business Times en 2026-06-23T08:29:13+08:00 Stocks to watch: Singapore Airlines, GuocoLand, Geo Energy Resources https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 SIA said on Monday that it plans to sell its first five-year benchmark dim sum bond, an offshore yuan bond issued outside mainland China, and has hired four banks to arrange the potential deal. SIA said on Monday that it plans to sell its first five-year benchmark dim sum bond. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sony-plans-its-first-dollar-bond-sale-nearly-three-decades The Business Times en 2026-06-23T08:21:05+08:00 Sony plans its first dollar-bond sale in nearly three decades https://cassette.sphdigital.com.sg/image/businesstimes/d6f7c812f9209158f697fd4ed62cb3d42c8e7ba6d2920277ec3dab175da94707 Companies have moved to lock in historically tight credit spreads while expectations grow that the US Federal Reserve may begin to raise interest rates. The offering is part of a rush of high-grade bond sales in the US. https://www.businesstimes.com.sg/companies-markets/guocoland-unit-prices-s110-million-fixed-rate-notes-due-2030-2-5 The Business Times en 2026-06-23T08:19:38+08:00 GuocoLand unit prices S$110 million fixed-rate notes due 2030 at 2.5% https://cassette.sphdigital.com.sg/image/businesstimes/48948f624104efbed0c2dd6945c3b3c970d40ea3740e8bc067062ddd0053057e The notes will be issued under the subsidiary’s S$3 billion multicurrency medium term note programme. The notes will be issued under the subsidiary’s S$3 billion multicurrency medium term note programme. https://www.businesstimes.com.sg/companies-markets/transport-logistics/dbs-raises-comfortdelgro-hold-lifts-target-price-s1-30 The Business Times en 2026-06-23T08:17:32+08:00 DBS raises ComfortDelGro to ‘hold’, lifts target price to S$1.30 https://cassette.sphdigital.com.sg/image/businesstimes/94debd13bd993a5abbec42f213fd51e7598a4a33042b44df72bdd9473b9e6daf DBS has also turned more bullish on CDG’s capacity for shareholder-friendly actions, raising its projected dividend payout ratio to 85%from 80%. DBS has turned more bullish on CDG’s capacity for shareholder-friendly actions, raising its projected dividend payout ratio to 85% from 80%. https://www.businesstimes.com.sg/international/can-anyone-fix-britain-regular-change-pm-symptom-uks-malaise The Business Times en 2026-06-23T08:14:53+08:00 Can anyone fix Britain? Regular change of PM a symptom of UK’s malaise https://cassette.sphdigital.com.sg/image/businesstimes/a200d154bac49468f6368af9904f86c59cdc6e0abdd3ea6f123ce230926bff85 Keir Starmer (left) is likely to be succeeded by Andy Burnham, a career politician who was most recently the mayor of Greater Manchester. Keir Starmer (left) is likely to be succeeded by Andy Burnham, a career politician. https://www.businesstimes.com.sg/companies-markets/ocbc-boosts-hiring-indonesia-wealth-business-assets-rise The Business Times en 2026-06-23T08:04:43+08:00 OCBC boosts hiring for Indonesia wealth business as assets rise https://cassette.sphdigital.com.sg/image/businesstimes/fefd51382e3f092faaede76ba558ce6d8f14fbaea99ba310dc2d6321832d8f10 OCBC is eyeing two types of clients for its Indonesian wealth business: those who can park one billion rupiah or more with the bank, as well as US dollar millionaires. OCBC is eyeing two types of clients for its Indonesia wealth business: those who can park one billion rupiah or more with the bank, as well as US dollar millionaires. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-falls-inflation-risks-outweigh-progress-us-iran-talks The Business Times en 2026-06-23T07:41:18+08:00 Gold falls as inflation risks outweigh progress in US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Gold has fallen for three consecutive weeks and is down by 21% since the war began at the end of February. Gold is down about a fifth since the war began at the end of February. https://www.businesstimes.com.sg/opinion-features/beyond-us-china-rivalry-triangular-geopolitics-critical-minerals-reshaping-global-trade The Business Times en 2026-06-23T07:30:00+08:00 Beyond US-China rivalry: triangular geopolitics of critical minerals is reshaping global trade https://cassette.sphdigital.com.sg/image/businesstimes/06914b04b3fcc2afab209a73a732aed665ea86a698d0f9b13ffb8c0771355fdc The competition over critical minerals can no longer be understood simply as a contest between the US and China. The competition over critical minerals can no longer be understood simply as a contest between the US and China. https://www.businesstimes.com.sg/singapore/judiciary-law-society-form-joint-committee-tackle-lawyers-attrition The Business Times en 2026-06-23T07:17:11+08:00 Judiciary, Law Society to form joint committee to tackle lawyers’ attrition https://cassette.sphdigital.com.sg/image/businesstimes/7388f86809561f20a6ae7762614ea0b557793be4c7e25462205a241773a600e2 A number of junior lawyers said they were explicitly advised against litigation careers because of stressful and demoralising interactions with the Bench. A number of junior lawyers said they were explicitly advised against litigation careers because of stressful and demoralising interactions with the Bench. https://www.businesstimes.com.sg/opinion-features/anthropic-vs-trump-administration-who-decides-use-advanced-ai The Business Times en 2026-06-23T07:15:00+08:00 Anthropic vs Trump administration: Who decides the use of advanced AI? https://cassette.sphdigital.com.sg/image/businesstimes/53f3b40d35402d11238310fd62feac976fb034c57493bcb45164d3e736ce4989 Anthropic noted the irony of being penalised by exactly the kind of opaque government authority and process it has spent years arguing should be more transparent and rule-bound. Anthropic noted the irony of being penalised by the kind of opaque government authority and process it has spent years arguing should be more transparent. https://www.businesstimes.com.sg/international/global/spacex-falls-third-day-erases-us600-billion-market-value The Business Times en 2026-06-23T07:05:02+08:00 SpaceX falls for third day, erases US$600 billion in market value https://cassette.sphdigital.com.sg/image/businesstimes/3046ca96026f9dbd760ce0fd723bbe1631cc58513d2bdcd977f10489a910e787 SpaceX is the sixth-largest company in the world with shares about 15% higher than their US$135 IPO price. SpaceX is the sixth-largest company in the world with shares about 15% higher than their US$135 IPO price. https://www.businesstimes.com.sg/startups-tech/technology/buy-or-build-software-firms-need-look-control-reversibility-and-risk The Business Times en 2026-06-23T07:00:00+08:00 Buy or build software? Firms need to look at control, reversibility and risk https://cassette.sphdigital.com.sg/image/businesstimes/c38d48e198b4c4b17441e4a78d879227872c1fbef00d601bfbd6c367e66c79a7 AI has lowered the cost of the last mile, the internal tools, workflow engines and integration layers that used to need a dedicated squad and a year or more to build something. AI has lowered the cost of the last mile, the internal tools, workflow engines and integration layers that used to need a dedicated squad and a year or more to build something. https://www.businesstimes.com.sg/opinion-features/will-climate-risk-derail-south-east-asias-us564-billion-data-centre-boom The Business Times en 2026-06-23T07:00:00+08:00 Will climate risk derail South-east Asia’s US$564 billion data centre boom? https://cassette.sphdigital.com.sg/image/businesstimes/2a0b36a96b24e03ee7b60f2f7e7e2f2e7159a68dc827ca2cc0086d21b8f2f3e3 The vulnerabilities of South-east Asia's cities are exacerbated by climate change, which is increasing the intensity of extreme rainfall events. The vulnerabilities of South-east Asia's cities are exacerbated by climate change, which is increasing the intensity of extreme rainfall events. https://www.businesstimes.com.sg/international/asean/chasing-global-capital-south-east-asia-markets-turn-value-reforms The Business Times en 2026-06-23T07:00:00+08:00 Chasing global capital: South-east Asia markets turn to ‘value up’ reforms https://cassette.sphdigital.com.sg/image/businesstimes/c249854b2873486211642ec2b2f44a0e3911651a7d2420e7600848e636bdb565 Malaysia joined the regional value-creation push in April 2026 with the launch of its MY Value Up Programme, aimed at boosting market quality and narrowing valuation discounts. Malaysia's MY Value Up programme is initially targeting 88 of Bursa Malaysia’s largest listed companies. https://www.businesstimes.com.sg/opinion-features/columns/malaysia-state-funds-can-lift-bursa-market-discipline-must-rule The Business Times en 2026-06-23T07:00:00+08:00 Malaysia state funds can lift Bursa, but market discipline must rule https://cassette.sphdigital.com.sg/image/businesstimes/8266fcd9e2118a66243ee22f52e22a3643982675227eaf9b1d62d161cf41f2d9 Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%. Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/oracle-cut-21000-employees-2026-says-ai-replaced-some-jobs The Business Times en 2026-06-23T06:51:36+08:00 Oracle cut 21,000 employees in 2026, says AI replaced some jobs https://cassette.sphdigital.com.sg/image/businesstimes/e8c0acd9c93fc36d9cf4549af146ddc71419b4a0fa54c1e9d2631ec33058ac4c Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. https://www.businesstimes.com.sg/opinion-features/why-sinodollars-outweigh-petroyuan The Business Times en 2026-06-23T06:30:00+08:00 Why sinodollars outweigh the petroyuan https://cassette.sphdigital.com.sg/image/businesstimes/4bd37d22995b8b0476fa3c2b52c88038bbaf64e848c28112c527f17dd07cfe4f Yuan settlement of China's goods trade reached a record high of 33.5% of the total in March-April 2026. Yuan settlement of China's goods trade reached a record high of 33.5% of the total in March-April 2026. https://www.businesstimes.com.sg/international/global/us-suspends-iran-oil-sanctions-says-nuclear-inspectors-return-amid-optimism-after-first-talks The Business Times en 2026-06-23T06:22:10+08:00 US suspends Iran oil sanctions, says nuclear inspectors to return amid optimism after first talks https://cassette.sphdigital.com.sg/image/businesstimes/1756ff82c9c8299db31273c5b9eda7dafec496883a1571b31e45ec0354bbdcde US Vice-President Vance on Jun 22 said negotiators had “set up the mechanism” to ensure the Strait of Hormuz remains open. US Vice-President Vance on Jun 22 said negotiators had “set up the mechanism” to ensure the Strait of Hormuz remains open. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-inches-down-investors-focus-hormuz-flows-after-peace-talks The Business Times en 2026-06-23T06:15:49+08:00 Oil inches down as investors focus on Hormuz flows after peace talks https://cassette.sphdigital.com.sg/image/businesstimes/48e46ea65c7286afccee24962a766c8ee2e5df82c22f0bd6c7e07a0836cbd67e Transits through the Strait of Hormuz have also ticked up more broadly, even after negotiations got off to a rocky start. Two crude tankers with just under two million barrels of oil sailed through the Strait of Hormuz on Monday, ship-tracking data showed. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-nasdaq-close-lower-dragged-alphabet-and-megacap-tech-focus-iran The Business Times en 2026-06-23T05:49:11+08:00 S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran https://cassette.sphdigital.com.sg/image/businesstimes/92c35bc709eb73d03f7bae6048a0fb49c8c485269d61000bc66eed26c8e0d38a Markets currently expect a 25-basis-point rate hike from the Fed in September, according to LSEG data. Markets currently expect a 25-basis-point rate hike from the Fed in September, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-close-higher-us-iran-talks-uks-starmer-resigns The Business Times en 2026-06-23T05:37:49+08:00 European shares close higher on US-Iran talks; UK’s Starmer resigns https://cassette.sphdigital.com.sg/image/businesstimes/7518a4ccf7e4227166dea99081190a9ac6d0e7f3c4c8a14d8a628a33af906fb9 The pan-European Stoxx 600 index closed 0.6% up after two sessions of declines. The pan-European Stoxx 600 index closed 0.6% up after two sessions of declines. https://www.businesstimes.com.sg/podcasts/high-polarity-former-dyson-ceo-weighs-future-cars-and-getting-south-pole-solo The Business Times en 2026-06-23T05:00:00+08:00 High polarity: former Dyson CEO weighs in on the future of cars and getting to the South Pole solo https://cassette.sphdigital.com.sg/image/businesstimes/ce0c855dc32cb5c846b4f86a40dbbe43496561b2f0ba29caa9fb40ce474b82b0 What does the future of the automobile look like? What does the future of the automobile look like? https://www.businesstimes.com.sg/companies-markets/transport-logistics/uber-board-sued-over-alleged-serial-compliance-failures-sexual-abuse-lawsuits The Business Times en 2026-06-23T00:19:34+08:00 Uber board sued over alleged ‘serial’ compliance failures, sexual abuse lawsuits https://cassette.sphdigital.com.sg/image/businesstimes/5f007c94faa389057d7c37abeb6eb273eceef8a68af7e270c5812f514cf22960 "Uber is a serial compliance offender," whose reputation has been "irredeemably damaged" by negative media coverage, the complaint said. "Uber is a serial compliance offender," whose reputation has been "irredeemably damaged" by negative media coverage, the complaint said. https://www.businesstimes.com.sg/companies-markets/banking-finance/lagarde-sees-no-need-more-forceful-ecb-response-war The Business Times en 2026-06-22T23:14:59+08:00 Lagarde sees no need for more forceful ECB response to war https://cassette.sphdigital.com.sg/image/businesstimes/075bc4e63fa4cd0a4d2935fc3e10f287871226f3c361adfaa4f0f7fcd0050aab “We see no evidence yet of de-anchoring of inflation expectations or second-round effects that would warrant a more forceful policy response at this stage,” Christine Lagarde. “We see no evidence yet of de-anchoring of inflation expectations or second-round effects that would warrant a more forceful policy response at this stage,” Christine Lagarde. https://www.businesstimes.com.sg/international/vance-says-us-iran-talks-lay-good-foundation-final-peace-deal The Business Times en 2026-06-22T22:52:41+08:00 Vance says US-Iran talks lay ‘good foundation’ for final peace deal https://cassette.sphdigital.com.sg/image/businesstimes/90ec7034322d43f7ab757103daeef21c9e82edd27a7d1bf3cea3616b4a4640b2 US Vice-President JD Vance speaks after the US and Iran held high-level talks at the Lake Lucerne Summit, Emmen, Switzerland, June 22, 2026. US Vice-President JD Vance speaks after the US and Iran held high-level talks at the Lake Lucerne Summit, Emmen, Switzerland, June 22, 2026. https://www.businesstimes.com.sg/international/sidelines-centre-stage-who-andy-burnham-frontrunner-be-uks-next-prime-minister The Business Times en 2026-06-22T22:03:55+08:00 Sidelines to centre stage: Who is Andy Burnham - frontrunner to be UK’s next prime minister? https://cassette.sphdigital.com.sg/image/businesstimes/8ecfaa888266cb4fd9dc22d4efed9a32e674f4141b65b9fc73ab9240be5bb7d1 Newly-elected Member of Parliament for Makerfield Andy Burnham arrives in Westminster, London, Britain, June 22, 2026. Newly-elected Member of Parliament for Makerfield Andy Burnham arrives in Westminster, London, Britain, June 22, 2026. https://www.businesstimes.com.sg/companies-markets/wall-st-subdued-open-investors-weigh-us-iran-negotiations The Business Times en 2026-06-22T21:51:12+08:00 Wall St subdued at open as investors weigh US-Iran negotiations https://cassette.sphdigital.com.sg/image/businesstimes/edcd8fdb6109c0e76abbccab27363affd0f0b334ed122840241abd58b47d0d33 The Dow Jones Industrial Average fell 9.5 points, or 0.02 per cent, at the open to 51,555.19. The Dow Jones Industrial Average fell 9.5 points, or 0.02 per cent, at the open to 51,555.19. https://www.businesstimes.com.sg/companies-markets/banking-finance/spacex-bankers-kick-marketing-debut-high-grade-bond-sale The Business Times en 2026-06-22T21:27:28+08:00 SpaceX bankers kick off marketing for debut high-grade bond sale https://cassette.sphdigital.com.sg/image/businesstimes/000cb5942c429e2998161698547961034a051417adb346f31481a1ac7939aba4 Proceeds will refinance a temporary bridge loan of roughly the same size, a facility that makes up the bulk of SpaceX’s US$29.1 billion of long-term debt. Proceeds will refinance a temporary bridge loan of roughly the same size, a facility that makes up the bulk of SpaceX’s US$29.1 billion of long-term debt. https://www.businesstimes.com.sg/international/amazon-prime-day-gauge-us-consumer-strain-focus-shifts-basics The Business Times en 2026-06-22T20:52:40+08:00 Amazon Prime Day to gauge US consumer strain as focus shifts to basics https://cassette.sphdigital.com.sg/image/businesstimes/76c67be6d759fe95d23ac2b139f60a35f89ee0019986be17061f7f0e9fe853f4 Amazon has highlighted deals on groceries, household goods, travel and school items. Amazon has highlighted deals on groceries, household goods, travel and school items. https://www.businesstimes.com.sg/international/asean/indonesia-unveils-26-34-trillion-rupiah-stimulus-offset-external-shocks-and-rupiah-slide The Business Times en 2026-06-22T20:42:42+08:00 Indonesia unveils 26.34 trillion rupiah stimulus to offset external shocks and rupiah slide https://cassette.sphdigital.com.sg/image/businesstimes/5a9df22b1f89a8ee14f525245e2aabb5bb7d0ad3d053e2c2fef7d38fb1e99730 ST20240327_202403978664 Kua Chee Siong/ saindo27/ Profile of Coordinating Minister for Economic Affairs of Indonesia, Airlangga Hartarto during the Indonesia- Singapore Business themed- Forum 2024 Beyond the Ballot: Shaping the Future of Business and Investment in Indonesia held at the Hilton Orchard Hotel on March 27, 2024. Airlangga Hartarto, Indonesia's coordinating economic minister, said the measures aimed to ease supply disruptions in the petrochemical chain, among other things. https://www.businesstimes.com.sg/esg/chinas-push-green-power-use-ai-projects-faces-hurdles-experts The Business Times en 2026-06-22T20:32:59+08:00 China’s push for green power use in AI projects faces hurdles: experts https://cassette.sphdigital.com.sg/image/businesstimes/fa73b23aaacc30e476abf1e6a62e72b97f6e643bc910d35e852cb464dc751bd3 Power demand from China’s data centres is projected to rise by 300 billion to 500 billion kilowatt-hours between 2026 and 2030. A display hall of a data centre cluster in China. Power demand from China’s data centres is projected to rise to 500 billion kilowatt-hours between 2026 and 2030. https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-after-further-us-iran-peace-talks-sti-closes-0-2-higher The Business Times en 2026-06-22T20:21:34+08:00 Singapore shares rise after further US-Iran peace talks; STI closes 0.2% higher https://cassette.sphdigital.com.sg/image/businesstimes/f80d777cd140e0693f6ee3f7305f299f93706bde0fca256a228bcab1b4539304 The worst performer among STI constituents was Jardine Matheson, declining 4% to end at US$62.20. The worst performer among STI constituents was Jardine Matheson, declining 4% to end at US$62.20. https://www.businesstimes.com.sg/international/philippines-cuts-2026-growth-forecast-citing-graft-scandal-and-energy-crisis The Business Times en 2026-06-22T20:20:40+08:00 Philippines cuts 2026 growth forecast, citing graft scandal and energy crisis  https://cassette.sphdigital.com.sg/image/businesstimes/190f1e4546e08e568c82a8dab5f4b7d0c766874f0d8e8d6535985b319332db6e Philippines' central bank raised rates for a second straight meeting on Jun 18. Philippines' central bank raised rates for a second straight meeting on Jun 18. https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-gold-imports-surge-most-more-two-years The Business Times en 2026-06-22T19:52:03+08:00 China’s gold imports surge to most in more than two years https://cassette.sphdigital.com.sg/image/businesstimes/10294d464b8eb3e036453e500c5b8be558c4d0d1381c351e1203dd8d9f0997a4 Gold prices have retreated by about a quarter from the record highs reached in January. Gold prices have retreated by about a quarter from the record highs reached in January. https://www.businesstimes.com.sg/companies-markets/banking-finance/alan-greenspan-economist-and-long-time-head-us-fed-dies-100 The Business Times en 2026-06-22T19:37:14+08:00 Alan Greenspan, economist and long-time head of the US Fed, dies at 100 https://cassette.sphdigital.com.sg/image/businesstimes/85582ebb2ce29ede2a6ae15f4d268264b235d64307c58c6b9d7adb4b857069f6 Former Fed Chairman Alan Greenspan speaks during the SIFMA annual meeting in New York, United States, Oct 23, 2012. Former Fed Chairman Alan Greenspan speaks during the SIFMA annual meeting in New York, United States, Oct 23, 2012. https://www.businesstimes.com.sg/opinion-features/zombie-unicorns-are-haunting-silicon-valley The Business Times en 2026-06-22T19:29:27+08:00 Zombie unicorns are haunting Silicon Valley https://cassette.sphdigital.com.sg/image/businesstimes/6af2042575bbad45b6ee13451918dc13ab2b657bbb3fdaedbe6852850d4b6031 More broadly, the fundraising downturn has punctured unicorns’ ability to raise more money at their old valuations. More broadly, the fundraising downturn has punctured the ability of Silicon Valley's unicorns to raise more money at their old valuations. https://www.businesstimes.com.sg/international/uks-streeting-backs-andy-burnham-replace-starmer-pm The Business Times en 2026-06-22T19:00:44+08:00 UK’s Streeting backs Andy Burnham to replace Starmer as PM https://cassette.sphdigital.com.sg/image/businesstimes/057da8231aa4341f5b84ebe2a1a154f4ef4df7a4c80e8f915eaa3c309608056a Newly-elected Makerfield MP and former Greater Manchester Mayor Andy Burnham leaves for London, in Manchester, Britain, June 22, 2026. Newly-elected Makerfield MP and former Greater Manchester Mayor Andy Burnham leaves for London, in Manchester, Britain, June 22, 2026. https://www.businesstimes.com.sg/companies-markets/geo-energy-doesnt-expect-material-impact-jakartas-plans-centralise-commodity-exports The Business Times en 2026-06-22T18:55:15+08:00 Geo Energy doesn’t expect material impact from Jakarta’s plans to centralise commodity exports https://cassette.sphdigital.com.sg/image/businesstimes/ca69447dbe2e0112cb00cb3b3edcee108a7d5feee4e868855cb5dfc476347a44 Geo Energy does not expect regulatory changes in Indonesia to materially impact its mining operations and export activities. Geo Energy (which has a coal mine in Kalimantan, above) reports significant progress on an integrated infrastructure project in South Sumatra. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-plans-debut-5-year-dim-sum-bond The Business Times en 2026-06-22T18:43:01+08:00 Singapore Airlines plans debut 5-year dim sum bond https://cassette.sphdigital.com.sg/image/businesstimes/13b2517918221d6120ff0384bd32aeaa037b238ac7caa597d63474aedb6d9d55 The airline said it tapped Bank of China, DBS, HSBC and Standard Chartered for the potential bond sale. The airline said it tapped Bank of China, DBS, HSBC and Standard Chartered for the potential bond sale. https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-221 The Business Times en 2026-06-22T18:30:28+08:00 Daily Debrief: What Happened Today (Jun 22) https://cassette.sphdigital.com.sg/image/businesstimes/f90f45ca613c2b2a3bf1c9e9bd89eb3f9bc603aea4caea4ade0b756e5677f7f3 Altitude Xperience argued that the rooftop space in contention was not considered an unused space. Altitude Xperience argued that the rooftop space in contention was not considered an unused space. https://www.businesstimes.com.sg/companies-markets/energy-commodities/apex-court-dismisses-almost-all-appeals-envys-ex-employees-over-s38-million-clawbacks The Business Times en 2026-06-22T18:27:18+08:00 Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks https://cassette.sphdigital.com.sg/image/businesstimes/1b8b38ab6903509bf8a90791264abbc0c2b52a030f897cdbd033ee1cd4e8a492 CMG20250330-ThongKH02唐家鸿/Archival shot - tag: high court, supreme court, UFO, skyline, CBD, justice, crime, lawyer, judge, crime, trial, conviction, acquittal, police, law  The former employees were sued by Envy’s liquidators to claw back payments including commissions, profit-sharing bonuses and referral fees made to them. https://www.businesstimes.com.sg/international/europes-heat-wave-intensifies-france-red-alert The Business Times en 2026-06-22T18:27:10+08:00 Europe’s heat wave intensifies with France on red alert https://cassette.sphdigital.com.sg/image/businesstimes/36eeb09ec06707500af55755f2f1b2190a29a8872374d6c1d2b066ac8f14ca29 A worker stands in the shade near a construction site in Paris as temperatures rise during a heatwave affecting a large part of France. A worker stands in the shade near a construction site in Paris as temperatures rise during a heatwave affecting a large part of France. https://www.businesstimes.com.sg/international/global/decade-chaos-britain-prepares-seventh-prime-minister The Business Times en 2026-06-22T18:01:29+08:00 A decade of chaos: Britain prepares for seventh prime minister https://cassette.sphdigital.com.sg/image/businesstimes/ff1ab6b756f5b3fd9cb148a809b94ce9a418f4c2ca89fdee64a2b1433010f99b (From left) British PM Keir Starmer and his wife Victoria, return to 10 Downing Street, after making a statement outside in London, Britain, June 22, 2026. (From left) British PM Keir Starmer and his wife Victoria, return to 10 Downing Street, after making a statement outside in London, Britain, June 22, 2026. https://www.businesstimes.com.sg/companies-markets/reits-property/shaw-towers-realty-hits-snag-bid-lower-proposed-tax-valuation-shaw-tower The Business Times en 2026-06-22T18:00:40+08:00 Shaw Towers Realty hits snag in bid to lower proposed tax valuation for Shaw Tower https://cassette.sphdigital.com.sg/image/businesstimes/e3b15e8fb4ea3b08f6cb4a04b8c8171f4f8991a571bb82e2fa215129e8d9546a Shaw Tower at 100 Beach Road, taken on 29 Nov 2018. The property in question has been demolished. https://www.businesstimes.com.sg/companies-markets/banking-finance/britains-pound-gilt-prices-hold-lower-after-starmer-steps-down The Business Times en 2026-06-22T17:11:55+08:00 Britain’s pound, gilt prices hold lower after Starmer steps down  https://cassette.sphdigital.com.sg/image/businesstimes/3468a7992de92dd580cba0c5a0e0698bb9141c182a0fdd3649fd44e1bec4d6da Sterling was last down 0.27 per cent at US$1.3202, showing little change on levels traded earlier. Sterling was last down 0.27 per cent at US$1.3202, showing little change on levels traded earlier. https://www.businesstimes.com.sg/international/uk-pm-starmer-resigns-new-leader-be-place-september The Business Times en 2026-06-22T16:46:56+08:00 UK PM Starmer resigns; new leader to be in place by September https://cassette.sphdigital.com.sg/image/businesstimes/51b33c7912b92afbc67ba2bc33e008d290951445822c56ad0fc6aff7fab1186d British PM Keir Starmer says he would support whoever replaces him. British PM Keir Starmer says he would support whoever replaces him. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nikkei-closes-past-new-benchmark-72000-points The Business Times en 2026-06-22T16:44:43+08:00 Nikkei closes past new benchmark of 72,000 points https://cassette.sphdigital.com.sg/image/businesstimes/071074282e35eaf8cb7189e895fe569e4e489eba071dacfc5ff2ffbdabfb7e72 The Nikkei 225 advanced 1.55 per cent to close at 72,353.96 on Monday. The Nikkei 225 advanced 1.55 per cent to close at 72,353.96 on Monday. https://www.businesstimes.com.sg/international/global/airline-ticket-prices-may-stay-high-global-carriers-bank-fuel-relief-iran-deal The Business Times en 2026-06-22T16:42:33+08:00 Airline ticket prices may stay high as global carriers bank fuel relief from Iran deal https://cassette.sphdigital.com.sg/image/businesstimes/e38e01555ea53fdc2fa077ee7e7c6e57c8b185787d539ede251272c8e0122e0b US carriers will recover only about 60 cents of every additional dollar spent on fuel, estimates Deutsche Bank. US carriers will recover only about 60 cents of every additional dollar spent on fuel, estimates Deutsche Bank. https://www.businesstimes.com.sg/startups-tech/technology/tapping-tech-and-ai-key-bringing-down-costs-fullerton-health-ceo The Business Times en 2026-06-22T16:31:20+08:00 Tapping tech and AI key to bringing down costs: Fullerton Health CEO https://cassette.sphdigital.com.sg/image/businesstimes/5df8a2aa64219f97eaedc1b408185e9f3aeb80a97b334af4e55fd783d933743c Ho Kuen Loon of Fullerton Health says: “To us, data and AI are not tools, but engines that enable us to make the whole healthcare system more efficient." Ho Kuen Loon of Fullerton Health says: “To us, data and AI are not tools, but engines that enable us to make the whole healthcare system more efficient." https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/danone-tap-protein-demand-asia-buying-australias-made The Business Times en 2026-06-22T16:23:06+08:00 Danone to tap protein demand in Asia by buying Australia’s Made https://cassette.sphdigital.com.sg/image/businesstimes/bed85bf59458990d75889f02368ba093da1eaedda2437f40114424933e6a2840 The deal is the latest acquisition for Danone, which is looking to tap a surge in interest in healthier eating. The deal is the latest acquisition for Danone, which is looking to tap a surge in interest in healthier eating. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-muted-investors-weigh-us-iran-talks The Business Times en 2026-06-22T16:08:18+08:00 European shares muted as investors weigh US-Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 index edged 0.05 per cent higher to 635.92 points by 0711 GMT on Monday. The Stoxx 600 index edged 0.05 per cent higher to 635.92 points by 0711 GMT on Monday. https://www.businesstimes.com.sg/international/asean/airasia-x-boosts-flights-lowers-fares-fuel-price-drops The Business Times en 2026-06-22T16:05:37+08:00 AirAsia X boosts flights, lowers fares as fuel price drops https://cassette.sphdigital.com.sg/image/businesstimes/2671010c080f474be81125083bc09654c3c25e12aece455e8c696332a8de1a53 Airasia X warned that rising airport charges could become an increasing burden on carriers and potentially undermine tourism growth across South-east Asia region. AirAsia X warns that rising airport charges may undermine tourism growth across South-east Asia. https://www.businesstimes.com.sg/lifestyle/halogen-pilots-accelerator-programme-help-youths-scale-social-impact-projects The Business Times en 2026-06-22T16:00:40+08:00 Halogen pilots Accelerator programme to help youths scale social impact projects https://cassette.sphdigital.com.sg/image/businesstimes/6384d6dfb38aa3c8a75b45043969ef6df06428b64f2f1fdc8497571ed67806c9 The Summit had 185 attendees, including guests from partner, funding and community stakeholder groups. There were 185 attendees at The Accelerator Summit 2026, including guests from partner, funding and community stakeholder groups. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-end-flat-wisetech-slump-offsets-gains-banks-gold The Business Times en 2026-06-22T15:45:12+08:00 Australian shares end flat as WiseTech slump offsets gains in banks, gold https://cassette.sphdigital.com.sg/image/businesstimes/f38c12ac02b2d86b5867ea99746f15d66fd78439783c5714131ea75a9b2cd375 The S&P/ASX 200 index ended 0.1 per cent lower at 8,816.10 points on Monday. The S&P/ASX 200 index ended 0.1 per cent lower at 8,816.10 points on Monday. https://www.businesstimes.com.sg/lifestyle/hyper-goo-glitchy-gloppy-look-now The Business Times en 2026-06-22T15:43:35+08:00 ‘Hyper goo’: The glitchy, gloppy look of now https://www.businesstimes.com.sg/lifestyle/how-warm-world-cup-welcome-endearing-us-football-fans The Business Times en 2026-06-22T15:43:25+08:00 How a warm World Cup welcome is endearing the US to football fans https://cassette.sphdigital.com.sg/image/businesstimes/d8f3e4d17ac34669b9f034054402ece6046b1654563d73f19c40d2db4770bf80 With the 2026 Fifa World Cup under way, social media has been flooded with posts from fans visiting the US for the first time and discovering something positive. With the World Cup under way, social media has been flooded with posts from fans visiting the US for the first time and discovering something positive. https://www.businesstimes.com.sg/international/nomura-raises-ceo-pay-us10-million-after-profit-hits-record The Business Times en 2026-06-22T15:40:08+08:00 Nomura raises CEO pay to US$10 million after profit hits a record https://cassette.sphdigital.com.sg/image/businesstimes/6667f45108b2d6e6aed9a1383ed0af304b6111551bb6d2cf73d2d5661e9594ed Under Okuda’s leadership, Japan’s biggest brokerage generated a second straight year of record net income. Under Okuda’s leadership, Japan’s biggest brokerage generated a second straight year of record net income. https://www.businesstimes.com.sg/international/global/global-banks-drive-india-asset-backed-securities-sales-record The Business Times en 2026-06-22T15:38:38+08:00 Global banks drive India asset-backed securities sales to record https://cassette.sphdigital.com.sg/image/businesstimes/a9f4d86f4ee5d8f4453e686d7b1ec097fb30328288c04bb3a0d76576e24f931d Despite rapid growth, India’s market remains smaller than China’s total issuance of 2.28 trillion yuan in 2025. Despite rapid growth, India’s market remains smaller than China’s total issuance of 2.28 trillion yuan in 2025. https://www.businesstimes.com.sg/property/south-koreas-policy-chief-flags-property-risks-chip-windfall The Business Times en 2026-06-22T15:27:14+08:00 South Korea’s policy chief flags property risks from chip windfall https://cassette.sphdigital.com.sg/image/businesstimes/1d2841a64ff81805b2eed95debdaa97cab56d0aafcb33fb3316cc88a1a73b192 The president has argued on social media that rising apartment prices reflect distorted incentives rather than genuine housing demand. Apartment prices in Seoul have risen for 72 consecutive weeks as of mid-June, defying a series of government measures aimed at cooling the market. https://www.businesstimes.com.sg/international/thailand-raise-its-annual-economic-growth-potential-3-2030-finance-minister-says The Business Times en 2026-06-22T15:20:35+08:00 Thailand to raise its annual economic growth potential to 3% by 2030, finance minister says https://cassette.sphdigital.com.sg/image/businesstimes/a655dce1b7613748dc07058cd87fcd47ee8966ce94fc510f080dd471b0d227b5 The Thailand government will also develop human capital from strategic research and development and make it easier to do business The Thailand government will also develop human capital from strategic research and development and make it easier to do business https://www.businesstimes.com.sg/companies-markets/simba-ordered-pay-s700000-damages-indoor-skydiving-operator-altitude-xperience-trespass The Business Times en 2026-06-22T14:57:33+08:00 Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass https://cassette.sphdigital.com.sg/image/businesstimes/774a877bedc957a8f04ded2e713783bde0c5df268ddfdc44150eccf41655253f Altitude Xperience Altitude Xperience argued that the rooftop space in contention was not considered an unused space. https://www.businesstimes.com.sg/property/red-sea-global-aims-bring-troubled-saudi-luxury-island-back-life The Business Times en 2026-06-22T14:52:33+08:00 Red Sea Global aims to bring troubled Saudi luxury island ‘back to life’ https://cassette.sphdigital.com.sg/image/businesstimes/8aea8f519ad1bf44f7dd5ed5340fdeed9a9efe3ea229a24a5c6c83a17887b47f “It hasn’t officially been handed over but it will, and when it does we will then assume responsibility for it,” John Pagano Red Sea Global CEO John Pagano said. The decision to hand Sindalah to John Pagano (above) reflects his standing as one of the more proven executives in the kingdom’s sprawling sovereign wealth fund ecosystem. https://www.businesstimes.com.sg/lifestyle/toy-story-5-scores-hollywoods-best-opening-weekend-2026 The Business Times en 2026-06-22T14:51:06+08:00 ‘Toy Story 5’ scores Hollywood’s best opening weekend of 2026 https://cassette.sphdigital.com.sg/image/businesstimes/5545a56f3bb2736a68b708cd29e477d4e85e0e72d2f7727886ea3a4cda5f2384 Tom Hanks and Woody, the character he voices in "Toy Story 5", at the film's UK launch event in London. It is one of the most highly anticipated pictures on the movie calendar this summer. Tom Hanks and Woody, the character he voices in "Toy Story 5", at the film's UK launch event in London. It is one of the most highly anticipated pictures on the movie calendar this summer. https://www.businesstimes.com.sg/companies-markets/one-year-countdown-existing-sfos-evaluate-how-they-can-align-revised-mas-framework The Business Times en 2026-06-22T14:33:10+08:00 One-year countdown: Existing SFOs evaluate how they can align with revised MAS framework https://cassette.sphdigital.com.sg/image/businesstimes/353b2764704ec6cc810711da8baaf1979938a7348c70001812f1ef0d9e27b76b The new structure relies on three core requirements: notifying MAS, maintaining a relationship with a regulated bank and filing an annual return. The new structure relies on three core requirements: notifying MAS, maintaining a relationship with a regulated bank and filing an annual return. https://www.businesstimes.com.sg/international/chinese-ai-stocks-rally-demand-optimism-and-policy-support The Business Times en 2026-06-22T14:25:24+08:00 Chinese AI stocks rally on demand optimism and policy support https://cassette.sphdigital.com.sg/image/businesstimes/6ee6e033f497ad33c69b880a98ea156d2ecd0901e68e234cde23660f719d7569 China's securities regulator has pledged to ease listing requirements and encourage dual listings for AI firms. China's securities regulator has pledged to ease listing requirements and encourage dual listings for AI firms. https://www.businesstimes.com.sg/international/global/trump-rebuilds-us-tariff-wall-new-claims-trade-unfairness The Business Times en 2026-06-22T14:02:43+08:00 Trump rebuilds US tariff wall with new claims of trade unfairness https://cassette.sphdigital.com.sg/image/businesstimes/70b395b9e4e18e223a8d3bc3060aafe38a4629a2c6d29df480b58b8b6d146595 Businesses, struggling to navigate Trump’s volatile trade war, were still digesting the latest threat of levies. Several countries that engage in less than US$10 billion of US trade are set to benefit from the new tariff wall. https://www.businesstimes.com.sg/companies-markets/comfortdelgro-begins-free-autonomous-shuttle-rides-punggol The Business Times en 2026-06-22T14:00:00+08:00 ComfortDelGro begins free autonomous shuttle rides in Punggol  https://cassette.sphdigital.com.sg/image/businesstimes/50f6e87b6aeb52b2628d2478025511acfadd06ba84e085c939c02a62c34cdee7 ComfortDelGro's autonomous shuttles have been available on an invite-only basis since April. ComfortDelGro's autonomous shuttles have been available on an invite-only basis since April. https://www.businesstimes.com.sg/international/not-education-employment-or-training-why-more-hong-kong-youths-are-opting-out-work The Business Times en 2026-06-22T14:00:00+08:00 Not in education, employment or training: Why more Hong Kong youths are opting out of work https://cassette.sphdigital.com.sg/image/businesstimes/b110f4c66bf58ff62fb40521c551d8897c5e3333fa6e04bc5e1b3db0246294f0 FILE PHOTO: Tourists relax by the Victoria Harbour waterfront, with the iconic skyline providing a scenic backdrop, in Hong Kong, China, July 10, 2023. REUTERS/Tyrone Siu/File Photo Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life. https://www.businesstimes.com.sg/companies-markets/energy-commodities/more-50-injured-and-18-missing-after-explosion-qatars-ras-laffan-lng-site-authorities-say The Business Times en 2026-06-22T13:50:21+08:00 More than 50 injured and 18 missing after explosion at Qatar’s Ras Laffan LNG site, authorities say https://cassette.sphdigital.com.sg/image/businesstimes/6ba9b4f9e9fb3d11a2f0056370a04e0605148e0c6312f8ce78e57d7a93614c1a Qatar's Ras Laffan Industrial City, as seen on Mar 2. QatarEnergy did not indicate whether the Jun 21 explosion had caused any damage to the plant. Qatar's Ras Laffan Industrial City, as seen on Mar 2. QatarEnergy did not indicate whether the Jun 21 explosion had caused any damage to the plant. https://www.businesstimes.com.sg/international/asean/hanoi-breaks-ground-five-metro-lines-worth-1315-trillion-dong-targeted-2030 The Business Times en 2026-06-22T13:22:54+08:00 Hanoi breaks ground on five metro lines worth 1,315 trillion dong, targeted for 2030 https://cassette.sphdigital.com.sg/image/businesstimes/9f19bd8716ea321d934b7203bcb1e7a617bf0f8b838630c884432a8bbedd5719 Hanoi currently has two metro services in operation: the Cat Linh-Ha Dong line and the elevated section of the Nhon-Hanoi Station line. Hanoi currently has two metro services in operation: the Cat Linh-Ha Dong line and the elevated section of the Nhon-Hanoi Station line. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sk-hynix-overtakes-samsung-become-south-koreas-most-valuable-company The Business Times en 2026-06-22T12:49:47+08:00 SK Hynix overtakes Samsung to become South Korea’s most valuable company https://cassette.sphdigital.com.sg/image/businesstimes/c15607edb40da8c383bfb5edfee6337394ac68814123d294212cb81492fdf195 In May, SK Hynix topped US$1 trillion ​in market value for the first time. Shares of SK Hynix, now the world’s most valuable memory chipmaker, closed up 5.6%, lifting its market capitalisation to 2,080.4 trillion won. https://www.businesstimes.com.sg/companies-markets/transport-logistics/boeing-names-travis-sullivan-new-south-east-asia-president The Business Times en 2026-06-22T12:49:19+08:00 Boeing names Travis Sullivan as new South-east Asia president https://cassette.sphdigital.com.sg/image/businesstimes/9cd3660a1ad8338c9b46937277b3b40418e04e17d3748f6f15258e98d2acd5c6 Sullivan previously led Boeing’s strategy organisation and before that led strategy and business development teams at Boeing Defense, Space & Security and Boeing Commercial Airplanes. Sullivan will relocate to Singapore from Miami to oversee Boeing’s strategy and operations in the region. https://www.businesstimes.com.sg/companies-markets/energy-commodities/hong-kong-pulling-large-gold-bars-ahead-clearing-launch The Business Times en 2026-06-22T12:46:52+08:00 Hong Kong is pulling in large gold bars ahead of clearing launch https://cassette.sphdigital.com.sg/image/businesstimes/b45d8d82017c55d568868c6c91a982ed6bd50b8d366346d2cba0e963c9baac4f The 400-ounce bars are typically traded by banks and sovereign entities in London but are less common in the Asian market, which is dominated by much smaller kilobars. By launching its gold clearing system, Hong Kong could secure first-mover advantage in a push to become Asia’s preeminent hub for bullion trading. https://www.businesstimes.com.sg/companies-markets/energy-commodities/vietnams-masan-high-tech-materials-says-mine-expansion-could-supply-115-million-tonnes-additional The Business Times en 2026-06-22T12:22:46+08:00 Vietnam’s Masan High-Tech Materials says mine expansion could supply 115 million tonnes of additional tungsten ore https://cassette.sphdigital.com.sg/image/businesstimes/799a126b6f82ddab810383c6ddd19e7fc75f7593d9221173f9a17e2b903e2037 The potential resources include about 55.19 million tonnes at the Nui Phao Expansion area and about 60 million tonnes at Nui Chiem. The potential resources include about 55.19 million tonnes at the Nui Phao Expansion area and about 60 million tonnes at Nui Chiem. https://www.businesstimes.com.sg/opinion-features/meet-rental-demand-letting-developers-keep-ownership-some-condo-units-without-hefty-penalties The Business Times en 2026-06-22T12:15:59+08:00 Meet rental demand by letting developers keep ownership of some condo units without hefty penalties https://cassette.sphdigital.com.sg/image/businesstimes/a970c6b27f9cfe7e844100b96d17aba9ba86e80c869781f5d03fe24d5d3d1b47 With private homes largely bought for owner-occupation, might there be a future shortage of homes available for lease? With private homes largely bought for owner-occupation, might a future shortage of rental homes loom? https://www.businesstimes.com.sg/international/global/fragmented-supply-chains-loom-trade-tensions-grow-warns-chinese-vice-premier The Business Times en 2026-06-22T11:47:08+08:00 Fragmented supply chains loom as trade tensions grow, warns Chinese vice-premier https://cassette.sphdigital.com.sg/image/businesstimes/a07f435780323325a0c998a10b31ffb6aaac95ac50b782b40b0c721806df640c “Unilateralism and protectionism are on the rise, the risk of global supply chain fragmentation is growing,” Chinese Vice-Premier Ding Xuexiang said. “Unilateralism and protectionism are on the rise, the risk of global supply chain fragmentation is growing,” Chinese Vice-Premier Ding Xuexiang said. https://www.businesstimes.com.sg/international/global/global-business-leaders-back-faster-electrification-shift-cut-fossil-fuel-costs-and-boost-energy The Business Times en 2026-06-22T11:23:58+08:00 Global business leaders back faster electrification shift to cut fossil fuel costs and boost energy security https://cassette.sphdigital.com.sg/image/businesstimes/a7fe50c7646c39ee44ff3011ea0e33e1dd50c2da89a79575af49d77f7e492c1d The call aligns with COP31 host Turkey’s push for a global target of electricity supplying 35% of the world’s energy demand by 2035. The call aligns with COP31 host Turkey’s push for a global target of electricity supplying 35% of the world’s energy demand by 2035. https://www.businesstimes.com.sg/companies-markets/banking-finance/china-keeps-benchmark-lending-rates-unchanged-13th-month-june The Business Times en 2026-06-22T11:07:59+08:00 China keeps benchmark lending rates unchanged for 13th month in June https://cassette.sphdigital.com.sg/image/businesstimes/5cdfbe609ac1dde1332976b4f6c4d6095ddbc9b6ac0b30a2e38d881faf82d000 The swap line is a key tool for supplying yuan to the global financial system. The one-year loan prime rate (LPR) was kept at 3%, while the five-year LPR was unchanged at 3.5%. https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-targets-us-rare-earth-and-other-firms-export-controls The Business Times en 2026-06-22T11:06:17+08:00 China targets US rare earth and other firms with export controls https://cassette.sphdigital.com.sg/image/businesstimes/1018f9e225ca420761cf1b5499df952b929e984f521a738412b0e19f4b4707ae The move amounts to a full ban on dual-use exports to the named firms, tightening rules that previously only required export licences. The move amounts to a full ban on dual-use exports to the named firms, tightening rules that previously only required export licences. https://www.businesstimes.com.sg/international/asean/scaling-berli-juckers-retail-empire-daughter-thai-beer-billionaire-seeks-growth-outside-home The Business Times en 2026-06-22T11:00:00+08:00 Scaling Berli Jucker’s retail empire – daughter of Thai beer billionaire seeks growth outside home country https://cassette.sphdigital.com.sg/image/businesstimes/751eeeecb30e05d935106e9660078fe52067469b3e88a169e93b4214bc231b48 Thapanee Techajareonvikul, CEO and president of Berli Jucker, sees Vietnam as an important growth enginee for BJC, which has traditionally been heavily invested in Thailand. Thapanee Techajareonvikul, CEO and president of Berli Jucker, sees Vietnam as an important growth enginee for BJC, which has traditionally been heavily invested in Thailand. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/stocks-rally-asia-iran-cites-progress-talks The Business Times en 2026-06-22T10:41:19+08:00 Stocks rally in Asia as Iran cites progress in talks https://cassette.sphdigital.com.sg/image/businesstimes/50abbdb40616a51da8bab1eb2e47b6b836ccf1a87fe73bdc5556dd306e0b1aeb MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1%, while Chinese blue chips were flat. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1%, while Chinese blue chips were flat. https://www.businesstimes.com.sg/international/asean/malaysia-cut-price-diesel-nationwide-july-curb-smuggling-and-revenue-losses The Business Times en 2026-06-22T10:19:48+08:00 Malaysia to cut price of diesel nationwide from July to curb smuggling and revenue losses https://cassette.sphdigital.com.sg/image/businesstimes/652c4ce7cbb661b8565a633396279a5cb2d79f5e701baa5c65d546afa7b10c14 The price gap had created room for revenue leakage and the smuggling of subsidised diesel, including across borders. The price gap had created room for revenue leakage and the smuggling of subsidised diesel, including across borders. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/japans-nikkei-rises-past-72000-mark-first-time-ai-euphoria-persists The Business Times en 2026-06-22T10:12:43+08:00 Japan’s Nikkei rises past 72,000 mark for first time as AI euphoria persists https://cassette.sphdigital.com.sg/image/businesstimes/734afdc1fe7860267e660e50ff44e1a3afc5c2968e9f1084e67729c930f2e191 The largest losers were Taiyo Yuden, down 3.37%, followed by Tokyo Electric Power, 3.05% lower, and Obayashi, which lost 2.99%. The largest losers were Taiyo Yuden, down 3.37%, followed by Tokyo Electric Power, 3.05% lower, and Obayashi, which lost 2.99%. https://www.businesstimes.com.sg/singapore/economy-policy/disengaged-workers-cost-singapore-economy-some-us73-6-billion-lost-productivity-report The Business Times en 2026-06-22T10:00:00+08:00 Disengaged workers cost the Singapore economy some US$73.6 billion in lost productivity: report https://cassette.sphdigital.com.sg/image/businesstimes/99705c02ede8bd2d28614739d33fe4d2d7f3e40be98085b15cba542db239667d Singapore office worker Gallup’s research suggests managers have a substantial influence on workforce engagement. https://www.businesstimes.com.sg/international/south-koreas-early-exports-jump-again-ai-boom-fuels-chip-demand The Business Times en 2026-06-22T09:48:40+08:00 South Korea’s early exports jump again as AI boom fuels chip demand https://cassette.sphdigital.com.sg/image/businesstimes/79013050cd7461c3b4293bbdfb1d25574c804c6db22855e107a70c94258e1c2e The Bank of Korea has turned more hawkish in recent months, citing inflation risks stemming from higher oil prices, a weaker won and resilient economic activity. The Bank of Korea has turned more hawkish in recent months, citing inflation risks stemming from higher oil prices, a weaker won and resilient economic activity. https://www.businesstimes.com.sg/international/hong-kong-seeks-more-investment-quotas-ipo-access-chinese-mainland-investors The Business Times en 2026-06-22T09:31:56+08:00 Hong Kong seeks more investment quotas, IPO access for Chinese mainland investors https://cassette.sphdigital.com.sg/image/businesstimes/7874d0d4a382070f44e07c595dce378bfbdf611716d0cc4267b97d3ca80c5361 Paul Chan, Hong Kong's financial secretary, during the Bloomberg Invest summit in Hong Kong, China, on Wednesday, June 10, 2026. Growth in the first quarter hit the fastest pace in almost five years and topped estimates, despite a global energy crisis unleashed by the war in Iran, demonstrating Hong Kong’s traditional strength as a transshipment hub and finance center, which are both lifted by the global AI buildout. Photographer: Lam Yik/Bloomberg Hong Kong Financial Secretary Paul Chan said that legitimate investments will still be “encouraged”. https://www.businesstimes.com.sg/international/global/us-iran-conclude-high-level-talks-switzerland-mediators-say-amid-tensions-over-trumps-threats The Business Times en 2026-06-22T09:10:39+08:00 US, Iran conclude high-level talks in Switzerland, mediators say, amid tensions over Trump’s threats https://cassette.sphdigital.com.sg/image/businesstimes/630b7b955d8bb9c46c6d5b656de1f4698893233aff5776a8d0e577a2c580bbc5 (From left) US Vice-President JD Vance, Pakistan's Prime Minister Shehbaz Sharif and Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani at the start of US-Iran talks in Switzerland. (From left) US Vice-President JD Vance, Pakistan's Prime Minister Shehbaz Sharif and Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani at the start of US-Iran talks in Switzerland. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-dollar-set-gain-despite-hawkish-us-fed-analysts The Business Times en 2026-06-22T09:02:18+08:00 Singapore dollar set to gain despite hawkish US Fed: analysts https://cassette.sphdigital.com.sg/image/businesstimes/68f9dabef7d264cdfed84b3d701fba06d0ff038489223ed612dfeb39481bfc23 singapore dollar notes Unlike many of its global peers, the MAS uses the exchange rate rather than interest rates as its primary monetary policy tool. https://www.businesstimes.com.sg/companies-markets/china-ai-rally-broadens-funds-move-past-overvalued-first-tier-winners-indirect-beneficiaries The Business Times en 2026-06-22T09:00:00+08:00 China AI rally broadens as funds move past overvalued first-tier winners to indirect beneficiaries https://cassette.sphdigital.com.sg/image/businesstimes/1a78769c24bacb23857234335f1225bd0394a51c5fe0b56e9ab62629fe00d186 Estimates from the China Academy of Information and Communications Technology and Frost & Sullivan show China’s AI market growing from US$23 billion in 2024 to US$31 billion in 2025. Estimates show China’s AI market growing from US$23 billion in 2024 to US$31 billion in 2025. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rebounds-one-week-low-iran-cites-progress-peace-talks The Business Times en 2026-06-22T08:38:44+08:00 Gold rebounds from one-week low as Iran cites progress in peace talks https://cassette.sphdigital.com.sg/image/businesstimes/01650614682d6c6880142f6ffcaf5f5ac6ce00ff33b2045ab0d6c1ba943b348a Gold has fallen for three consecutive weeks and is down by more than a fifth since the war began at the end of February. Gold tends to lose appeal when rates are high, as it does not yield interest. https://www.businesstimes.com.sg/international/shipping-slows-after-iran-says-it-has-again-shut-strait-hormuz The Business Times en 2026-06-22T08:34:25+08:00 Shipping slows after Iran says it has again shut the Strait of Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/de13826b4f89afee3bb8c8e29ca877c02210a415fc3a6e390740921a5fa5d734 This comes as Tehran’s Islamic Revolutionary Guard Corps on Jun 20 declared the waterway shut again in response to Israeli strikes in Lebanon. This comes as Tehran’s Islamic Revolutionary Guard Corps on Jun 20 declared the waterway shut again in response to Israeli strikes in Lebanon. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/taiwanese-brothers-amass-us1-billion-boom-display-chips The Business Times en 2026-06-22T08:08:46+08:00 Taiwanese brothers amass US$1 billion from boom in display chips https://cassette.sphdigital.com.sg/image/businesstimes/c31cc648dea2b5658ce7c944505182c291936c4156de38bade4167c399c19231 Economists expect growth in Singapore exports to persist in the months ahead, with sustained outperformance of the electronics and semiconductor segments. Himax has 2,200 employees, of whom it says more than 90% are engineers, and offices in Taiwan, China, South Korea and the US. https://www.businesstimes.com.sg/international/global/why-its-nearly-impossible-build-robot-without-china The Business Times en 2026-06-22T07:26:10+08:00 Why it’s nearly impossible to build a robot without China https://cassette.sphdigital.com.sg/image/businesstimes/efc4c2636664c7cb34163afb3babb2b2b162f24d0945cdd0e0edacdd00c4d900 Tech investors, startup founders and government officials around the world are betting that AI will spur growth for robots, that lead no longer belongs to Japan. Tech investors, startup founders and government officials around the world are betting that AI will spur growth for robots, that lead no longer belongs to Japan. https://www.businesstimes.com.sg/companies-markets/us-startup-databricks-raise-singapore-headcount-50-ai-demand-grows The Business Times en 2026-06-22T07:00:00+08:00 US startup Databricks to raise Singapore headcount by up to 50% as AI demand grows https://cassette.sphdigital.com.sg/image/businesstimes/f256110030e7ce59ae05177168288877a3cd1a93db3367abc0df38498c5343be The roles on hire span the “full gamut” of sales, engineering, marketing and other functions, says Arsalan Tavakoli-Shiraji, senior vice-president of field engineering and one of Databricks’ seven co-founders. Arsalan Tavakoli-Shiraji, senior vice-president of field engineering and one of Databricks’ seven co-founders, says that the roles on hire span the “full gamut” of sales, engineering, marketing and other functions. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/info-tech-systems-wants-leverage-customers-overseas-expansion-future-growth The Business Times en 2026-06-22T07:00:00+08:00 Info-Tech Systems wants to leverage customers’ overseas expansion for future growth https://cassette.sphdigital.com.sg/image/businesstimes/68fae596e922a04ff8593957bd84f807aaace4e64b8be893ac00499f9979178b Info-Tech Systems Info-Tech Systems has an academy to capitalise on demand for artificial intelligence training. https://www.businesstimes.com.sg/companies-markets/healthcare-sector-least-affected-geopolitical-tensions-say-cbc-group-and-gho-capital-after-us21 The Business Times en 2026-06-22T07:00:00+08:00 Healthcare is sector least affected by geopolitical tensions, say CBC Group and GHO Capital after US$21 billion merger https://cassette.sphdigital.com.sg/image/businesstimes/e7b604045d799d02c4bb84cb5c5e6401bf9aa1eb3c791c424a847463f7b58a5e The combined asset management firm will be in a different league compared to our peers, said Fu Wei, CEO of CBC Capital Fu Wei, CBC Group CEO, says the combined entity will be "in a different league" compared with other specialist healthcare asset managers. https://www.businesstimes.com.sg/opinion-features/why-fragile-us-iran-mou-wont-restart-rate-cut-cycle The Business Times en 2026-06-22T07:00:00+08:00 Why the fragile US-Iran MOU won’t restart the rate-cut cycle https://cassette.sphdigital.com.sg/image/businesstimes/83904278dcbad47d5cc0249ed43646dbfa1ba0891477b1dbfc7a75b5a4b8db50 A neighbourhood destroyed by an Israeli airstrike in Lebanon's Tyre district. Key threats to the US-Iran deal include the non-trivial possibility that Israel may derail it. A neighbourhood destroyed by an Israeli airstrike in Lebanon's Tyre district. Key threats to the US-Iran deal include the non-trivial possibility that Israel may derail it. https://www.businesstimes.com.sg/international/baltic-exchange-shipping-insights74 The Business Times en 2026-06-22T07:00:00+08:00 Baltic Exchange Shipping Insights https://cassette.sphdigital.com.sg/image/businesstimes/63af1798d32564312b436e657ec7b818b960578c1b5a6a9ad51406daa472ca48 A roundup of the week’s tanker and dry bulk market (Jun 19, 2026). A roundup of the week’s tanker and dry bulk market (Jun 19, 2026). https://www.businesstimes.com.sg/opinion-features/asian-playbook-global-brands-no-longer-works The Business Times en 2026-06-22T07:00:00+08:00 The Asian playbook for global brands no longer works https://cassette.sphdigital.com.sg/image/businesstimes/1ac1fe0abb0e8d6c6b9cb3d49387178b33a1ede21ba0a281052c45f34690f3a4 Some global consumer brands have exited, yet other international brands such as Chick-fil-A have entered or are expanding in Singapore. Some global consumer brands have exited, yet other international brands such as Chick-fil-A have entered or are expanding in Singapore. https://www.businesstimes.com.sg/companies-markets/great-eastern-goes-high-net-worth-offensive-dont-call-it-pivot The Business Times en 2026-06-22T07:00:00+08:00 ​Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot https://cassette.sphdigital.com.sg/image/businesstimes/de4dad7f854183e4f77c8799798b957806df02801fb08731f9d7ce5ea6420d49 “I want people to be very proud of Great Eastern as a local champion,” says group CEO Greg Hingston. “I want people to be very proud of Great Eastern as a local champion,” says group CEO Greg Hingston. https://www.businesstimes.com.sg/companies-markets/middle-east-conflict-pushes-asia-next-phase-energy-rethink-bank-america The Business Times en 2026-06-22T07:00:00+08:00 Middle East conflict pushes Asia into next phase of energy rethink: Bank of America https://cassette.sphdigital.com.sg/image/businesstimes/3e321b372b4b5de6e195e5856199d388417ee1f809c38e8065efdcd57cd1e7ba Bernard Mensah, president of international at Bank of America Asia is where there will be "corporate and policy conversations" about energy security, says Bernard Mensah, president of international at Bank of America. https://www.businesstimes.com.sg/wealth/mass-affluent-are-losing-their-allure-wealth-managers-navigating-ai The Business Times en 2026-06-22T07:00:00+08:00 The ‘mass affluent’ are losing their allure for wealth managers navigating AI https://cassette.sphdigital.com.sg/image/businesstimes/c0fe30c727e401a5556fd28ec1a57a38a9394f91daa3442e1257945a0af5a5d1 Professionals in the wealth management industry are trying to figure out what exactly makes a human adviser irreplaceable by AI. Professionals in the wealth management industry are trying to figure out what exactly makes a human adviser irreplaceable by AI. https://www.businesstimes.com.sg/companies-markets/sp-500-holds-bullish-momentum-amid-increasing-volatility The Business Times en 2026-06-22T07:00:00+08:00 S&P 500 holds on to bullish momentum amid increasing volatility https://cassette.sphdigital.com.sg/image/businesstimes/1b1747b556d4ec3a9c1e54ce8e866ac882f85faac387072b3b37b71946947f5d Since the April reversal, the S&P 500 has continued to form a series of higher highs and higher lows, while remaining comfortably above its major moving averages. Since the April reversal, the S&P 500 has continued to form a series of higher highs and higher lows, while remaining comfortably above its major moving averages. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-declines-after-us-iran-talks-conclude-switzerland The Business Times en 2026-06-22T06:40:27+08:00 Oil declines after US-Iran talks conclude in Switzerland https://cassette.sphdigital.com.sg/image/businesstimes/b951e57f82548805c28e1f351c28d5e0a9eeda8a8bead5dcb726ae7020457a57 The war in the Middle East has choked off supply in a region responsible for a third of the world’s oil production. Over 25 million barrels of Iranian oil have passed through the virtual blockade line since Monday, the head of the National Iranian Oil Company, Hamid Bovard says. https://www.businesstimes.com.sg/international/while-world-scrambles-oil-china-sits-full-tanks The Business Times en 2026-06-22T06:03:09+08:00 While the world scrambles for oil, China sits on full tanks https://cassette.sphdigital.com.sg/image/businesstimes/b149d1d8ed55099dd605ba08100ff5df5b6790648254dae8a89f0e6ff166e825 China overtook the United States in 2024 to become the world’s largest oil refiner and is typically a major supplier of refined fuels to neighbouring countries. China overtook the United States in 2024 to become the world’s largest oil refiner and is typically a major supplier of refined fuels to neighbouring countries. https://www.businesstimes.com.sg/podcasts/stop-waiting-right-time-why-micro-investing-new-wealth-superpower The Business Times en 2026-06-22T05:00:00+08:00 Stop waiting for the ‘right time’: why micro-investing is the new wealth superpower https://cassette.sphdigital.com.sg/image/businesstimes/2631d4d1cafae82050a87d17168f58c96754fb15d3bb9e1d17f1276585eea762 What stops everyday Singaporeans from investing, and how can these friction points be tackled? What stops everyday Singaporeans from investing, and how can these friction points be tackled?