https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/lenovo-shares-near-all-time-high-after-strong-ai-growth The Business Times en 2026-05-22T13:48:17+08:00 Lenovo shares near all-time high after strong AI growth https://cassette.sphdigital.com.sg/image/businesstimes/2d35d30d1c11d5b3540f350e89e1c976f8275909aa05499ae263f2efccd73b12 FILE PHOTO: File Photo: A Lenovo logo is seen at the computer in Kiev, Ukraine April 21, 2016. REUTERS/Gleb Garanich/File Photo/File Photo Lenovo’s share gains buck the trend of other Hong Kong-listed tech companies. https://www.businesstimes.com.sg/international/asean/indonesia-listen-market-new-commodity-export-body-danantara-says The Business Times en 2026-05-22T13:10:56+08:00 Indonesia to ‘listen to market’ on new commodity export body, Danantara says https://cassette.sphdigital.com.sg/image/businesstimes/61eb103f080865231875c1bb42a91e42fc2baf55daf6e90892bd36dffa3cdc43 “The idea is to increase transparency, accountability, traceability – and of course it will have to be market friendly,” Danantara CIO Pandu Sjahrir said. “The idea is to increase transparency, accountability, traceability – and of course it will have to be market friendly,” Danantara CIO Pandu Sjahrir said. https://www.businesstimes.com.sg/startups-tech/meta-manus-deal-reversal-china-does-not-make-tech-firms-reject-foreign-investment-state-planner-says The Business Times en 2026-05-22T13:01:23+08:00 Meta-Manus deal reversal: China does not make tech firms reject foreign investment, state planner says https://cassette.sphdigital.com.sg/image/businesstimes/1af2d02af783c8f7409e4eea1c383ba072f7017dd8e342d5fa7005af56259e4a The state planner’s denial comes as it looks to manage the fallout of a decision to order Meta to unwind its acquisition of Manus. The state planner’s denial comes as it looks to manage the fallout of a decision to order Meta to unwind its acquisition of Manus. https://www.businesstimes.com.sg/companies-markets/banking-finance/philippine-central-bank-governor-says-it-considering-cycle-rate-hike The Business Times en 2026-05-22T12:44:13+08:00 Philippine central bank governor says it is considering off-cycle rate hike https://cassette.sphdigital.com.sg/image/businesstimes/c95b86a12da9aca557516dc52fee4508604e1d77130e4f3729d7da9d11261dd9 The peso has lost about 4.6% of its value against the US dollar, breaching the 60-peso level, according to LSEG data. The peso has lost about 4.6% of its value against the US dollar, breaching the 60-peso level, according to LSEG data. https://www.businesstimes.com.sg/companies-markets/transport-logistics/north-carolina-sues-vietnams-vinfast-over-delayed-ev-project The Business Times en 2026-05-22T12:17:42+08:00 North Carolina sues Vietnam’s VinFast over delayed EV project https://cassette.sphdigital.com.sg/image/businesstimes/4017b353fbf612a3c1afd0f639030760b0dd12199bb033ef4bf3078a677ae92b VinFast has abandoned work on the 712-hectare site in Chatham County for over a year, according to the statement. VinFast has abandoned work on the 712-hectare site in Chatham County for over a year, according to the statement. https://www.businesstimes.com.sg/companies-markets/energy-commodities/3-gifs-how-iran-war-has-changed-tanker-traffic-through-hormuz-malacca-straits The Business Times en 2026-05-22T12:10:00+08:00 In 3 GIFs: How the Iran war has changed tanker traffic through Hormuz, Malacca straits https://www.businesstimes.com.sg/opinion-features/silicon-valley-singapore-bridge-bringing-ai-world The Business Times en 2026-05-22T12:00:00+08:00 The Silicon Valley-Singapore bridge: bringing AI to the world https://cassette.sphdigital.com.sg/image/businesstimes/d2762d9c8403185dc7d0ec3507ec493548c42e7cf3e38405da20fc512a675a98 Singapore is the one place in Asia where global labs, Middle Eastern sovereign capital and Asean enterprise buyers can sit in the same room with minimal political friction. Singapore is the one place in Asia where global labs, Middle Eastern sovereign capital and Asean enterprise buyers can sit in the same room with minimal political friction. https://www.businesstimes.com.sg/startups-tech/startups/deepseek-founder-declares-artificial-general-intelligence-goal-70-billion-yuan-funding-round The Business Times en 2026-05-22T11:57:09+08:00 DeepSeek founder declares artificial general intelligence goal as 70 billion yuan funding round advances https://cassette.sphdigital.com.sg/image/businesstimes/c06ca94e511b9c2c52125d809ba63d2cceed1fdb1f47104bf3eac80104d0fc70 DeepSeek has drawn strong interest from a plethora of investors. DeepSeek has drawn strong interest from a plethora of investors. https://www.businesstimes.com.sg/companies-markets/energy-commodities/hengli-chinas-silk-petrochemicals-empire-faces-chill-us-sanctions The Business Times en 2026-05-22T11:50:14+08:00 Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions https://cassette.sphdigital.com.sg/image/businesstimes/37bc95a704b52568eb77063ef46221ed315b03a637ebc8ad58a1659ff891bf38 Hengli is now the world’s largest producer of purified terephthalic acid, used in making synthetic fibres. Hengli is now the world’s largest producer of purified terephthalic acid, used in making synthetic fibres. https://www.businesstimes.com.sg/property/ban-land-sales-new-launches-developers-deliver-defect-ridden-projects The Business Times en 2026-05-22T11:34:39+08:00 Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects https://cassette.sphdigital.com.sg/image/businesstimes/386bc2b8e6d6dc5ae165b6788cf3c0dbb6d0f4c30032f71262f91819d6acc554 New measures introduced on Friday will see developers that deliver "defect-ridden" homes or commiting safey breaches barred from residential land tenders or selling new homes. These measures will take effect from May 22, following extensive consultations with industry stakeholders. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/investors-look-beyond-tsmc-ai-boom-spreads-new-winners The Business Times en 2026-05-22T11:03:33+08:00 Investors look beyond TSMC as AI boom spreads to new winners https://cassette.sphdigital.com.sg/image/businesstimes/9a198a7cb93e7d792e4fdd3f488e9a5299ca765174eb25669753e2f22d812d50 Still another part of the reason for TSMC’s underperformance is the 10% weighting for single stocks placed on many active funds. TSMC also lacks direct exposure to the memory and storage boom, given its focus on logic chips. https://www.businesstimes.com.sg/international/asean/business-times-insights-asean-intelligence-2026 The Business Times en 2026-05-22T11:01:11+08:00 The Business Times Insights: Asean Intelligence 2026 https://cassette.sphdigital.com.sg/image/businesstimes/29765854b4ec5b2ccb909472702572e8d6e8b1cef1e18c1d8d2d0ce0cb5c802c Asean Intelligence is The Business Times' flagship regional survey on outlook and opportunities in the region. Asean Intelligence is The Business Times' flagship regional survey on outlook and opportunities in the region. https://www.businesstimes.com.sg/international/asean/retail-overload-kl-and-jb-set-flood-malaysias-already-overstuffed-mall-scene The Business Times en 2026-05-22T10:56:32+08:00 Retail overload: KL and JB set to flood Malaysia’s already overstuffed mall scene https://cassette.sphdigital.com.sg/image/businesstimes/8c3d035eff425142bd11a80926e9e4562a3aea7bd2c43d0fc0a07aa2a7fad8d6 Central KL’s retail squeeze is about to get livelier, with 1.27 million sq ft of new mall space coming onstream, led by Ombak KLCC. (PIX BY CHUAH BEE KIM) Central Kuala Lumpur’s retail squeeze is about to get livelier, with about 1.3 million sq ft of new mall space coming onstream. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/starbucks-scraps-ai-tool-nine-months-after-deployment-over-item-counting-flops The Business Times en 2026-05-22T10:50:08+08:00 Starbucks scraps AI tool nine months after deployment over item-counting flops https://cassette.sphdigital.com.sg/image/businesstimes/4917a5f8c5f6f280ead7df696db7a7794aa7b5c630f0365e02912629b917b996 Starbucks cites need for consistency, supply chain improvements in ending programme. Starbucks cites need for consistency, supply chain improvements in ending programme. https://www.businesstimes.com.sg/companies-markets/keppel-rises-6-1-after-m1-simba-deal-falls-through The Business Times en 2026-05-22T10:23:39+08:00 Keppel rises 6.1% after M1-Simba deal falls through https://cassette.sphdigital.com.sg/image/businesstimes/438cd55fdeef23e931fb0546dc3af45b8a389ec7b1d599a831126ad4e1a2f2cc As at 9.04 am, the stock climbed 6.1 per cent or S$0.64 to S$11.06 with 932,800 shares changing hands. As at 9.04 am, the stock climbs 6.1% or S$0.64 to S$11.06 with 932,800 shares changing hands. https://www.businesstimes.com.sg/international/asean/vietnams-richest-man-ploughs-billions-evs-his-stock-booms-1000 The Business Times en 2026-05-22T10:23:30+08:00 Vietnam’s richest man ploughs billions into EVs as his stock booms 1,000% https://cassette.sphdigital.com.sg/image/businesstimes/1bf6abd4205f2461e0abb89157258c5d82bee6a336dc0ccf0e6adfcd46b1652a FILE PHOTO: File Photo: Pham Nhat Vuong, the Chairman of Vingroup and CEO of VinFast, attends Vingroup’s annual meeting in Hanoi, Vietnam, April 25, 2024. REUTERS/Phuong Nguyen/File Photo/File Photo Pham Nhat Vuong has personally contributed at least one-quarter of the US$17 billion of financing that has been deployed since VinFast was founded. https://www.businesstimes.com.sg/singapore/central-banks-need-heightened-vigilance-risks-amid-middle-east-conflict-mas-chief-economist The Business Times en 2026-05-22T10:05:11+08:00 Central banks need ‘heightened vigilance’ to risks amid Middle East conflict: MAS chief economist https://cassette.sphdigital.com.sg/image/businesstimes/f01077a94253e22ea699bc7840892b2de3f6c00dcb1cfab81473fecbbb007bfb The closure of the Strait of Hormuz has disrupted supply chains of various derived materials. The closure of the Strait of Hormuz has disrupted supply chains of various derived materials. https://www.businesstimes.com.sg/companies-markets/gic-backed-co-working-firm-justco-opens-9-6-below-ipo-price-lacklustre-mainboard-debut The Business Times en 2026-05-22T10:02:01+08:00 GIC-backed co-working firm JustCo opens 9.6% below IPO price in lacklustre mainboard debut https://cassette.sphdigital.com.sg/image/businesstimes/6f00553640d1e342d5d601d72fa9d68c74e266885ed1001952326746c77dab8b JustCo's latest space at Labrador Tower is part of its luxury concept The Collective. The firm also offers premium brand JustCo and essentials-focused brand the boring office. JustCo secures commitments from nine cornerstone investors who subscribed for an aggregate of 74.3 million shares. https://www.businesstimes.com.sg/international/japans-core-inflation-hits-4-year-low-rebound-eyed-energy-shock The Business Times en 2026-05-22T10:01:58+08:00 Japan’s core inflation hits 4-year low, rebound eyed on energy shock https://cassette.sphdigital.com.sg/image/businesstimes/ea2a439bf3879a7fb18b1725b2b85cc786b0d29404264ae860c4d6d453a9d35c Bank of Japan policymakers are dropping hawkish comments signalling the chance of an interest rate hike in June as they focus on broadening inflation risks. Bank of Japan policymakers are dropping hawkish comments signalling the chance of an interest rate hike in June as they focus on broadening inflation risks. https://www.businesstimes.com.sg/property/capitaland-chalks-over-80-occupancy-geneo-cluster-science-park-rents-meet-expectations The Business Times en 2026-05-22T10:00:00+08:00 CapitaLand chalks up over 80% occupancy for Geneo cluster at Science Park, rents meet expectations https://cassette.sphdigital.com.sg/image/businesstimes/883d5954e6c65f5b49f0a3c74a291514e17d2d9d00cec11e46856c8a504cb31c Geneo spans three properties – 1, 5 and 7 Science Park Drive – with a total gross floor area of about 180,600 sq m. CLD previously said that the whole area will be about 75% business park, around 20% residential and the rest commercial retail. https://www.businesstimes.com.sg/opinion-features/real-message-behind-beijings-back-back-summits The Business Times en 2026-05-22T09:50:01+08:00 The real message behind Beijing’s back-to-back summits https://cassette.sphdigital.com.sg/image/businesstimes/05bae912001f6f423464a26c6ca2cb95496a3f1a9440d64cb6a492c0baf43bd9 Russian President Vladimir Putin (left) and Chinese President Xi Jinping at a signing ceremony at the Great Hall of the People in Beijing on May 20. Russian President Vladimir Putin (left) and Chinese President Xi Jinping at a signing ceremony at the Great Hall of the People in Beijing on May 20. https://www.businesstimes.com.sg/international/can-carneys-middle-powers-stand-us-and-china-g-2-world The Business Times en 2026-05-22T09:28:17+08:00 Can Carney’s ‘middle powers’ stand up to the US and China in a G-2 world? https://cassette.sphdigital.com.sg/image/businesstimes/c3eef2887394b6bcb6b7bff49f3cef10141d3a3a65c1d2605c4e55948f43dbcf US President Donald Trump (right) and Chinese President Xi Jinping at their meeting in Beijing on May 15. US President Donald Trump (right) and Chinese President Xi Jinping at their meeting in Beijing on May 15. https://www.businesstimes.com.sg/companies-markets/transport-logistics/sia-engineering-opens-base-maintenance-facility-subang-sees-strong-potential-malaysian-aerospace The Business Times en 2026-05-22T09:04:08+08:00 SIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector https://cassette.sphdigital.com.sg/image/businesstimes/95cb0476af49ae83edcf1095453e447344597e3bea64ef2d0ab9c45c879ccaa3 SIA Engineering says Malaysia offers a “strong aviation heritage, strategic location, established infrastructure, and a growing pool of skilled aerospace talent”. SIA Engineering says Malaysia offers a “strong aviation heritage, strategic location, established infrastructure and a growing pool of skilled aerospace talent”. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steady-us-iran-signals-keep-rate-hike-bets-simmering The Business Times en 2026-05-22T09:01:40+08:00 Gold steady as US-Iran signals keep rate hike bets simmering https://cassette.sphdigital.com.sg/image/businesstimes/de149dd8479046979671d0d8af3a89257080e90602dc263c09c41ef518e7167a Gold has traded in a tight range since falling sharply in the early days of the conflict. Gold has traded in a tight range since falling sharply in the early days of the conflict. https://www.businesstimes.com.sg/international/global/vista-global-sees-25-rise-apac-private-jet-traffic-malaysia-emerging-key-asean-destination The Business Times en 2026-05-22T09:00:00+08:00 Vista Global sees 25% rise in Apac private jet traffic; Malaysia emerging as key Asean destination https://cassette.sphdigital.com.sg/image/businesstimes/3d9471acf7b4032f8cfaed7399704619ecd6fa0c2bd1ecbf6f64b65821dad764 Vista's Global 8000 jet can fly non-stop for 17 hours, with a range of 8,000 nautical miles. Vista's Global 8000 jet can fly non-stop for 17 hours, with a range of 8,000 nautical miles. https://www.businesstimes.com.sg/international/asean/south-east-asias-fishermen-are-being-pushed-brink-fuel-costs The Business Times en 2026-05-22T08:43:09+08:00 South-east Asia’s fishermen are being pushed to the brink by fuel costs https://cassette.sphdigital.com.sg/image/businesstimes/57e4d05d743d783d1c765cf3e3d9b0fbed184853d87922c7406538de1b4e03f2 Fishermen are struggling as a protracted Hormuz blockade leaves the region desperately short of fuel and pushes up costs for everything from transport to refrigeration. Fishermen are struggling as a protracted Hormuz blockade leaves the region desperately short of fuel and pushes up costs for everything from transport to refrigeration. https://www.businesstimes.com.sg/companies-markets/banking-finance/trump-will-swear-kevin-warsh-may-22-lead-us-federal-reserve The Business Times en 2026-05-22T08:35:12+08:00 Trump will swear in Kevin Warsh on May 22 to lead US Federal Reserve https://cassette.sphdigital.com.sg/image/businesstimes/227aa1e497f9875a51dca77b48fa7cc2be8e5ede5b54864b530412647e493617 Kevin Warsh will take office as fellow governors contemplate raising rates to tame inflation brought on by Trump’s war on Iran. Kevin Warsh will take office as fellow governors contemplate raising rates to tame inflation brought on by Trump’s war on Iran. https://www.businesstimes.com.sg/companies-markets/stocks-watch-keppel-nio-sia-engineering-company-sri-trang-gloves-aims-apac-reit The Business Times en 2026-05-22T08:29:50+08:00 Stocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit https://cassette.sphdigital.com.sg/image/businesstimes/a6090419d0d9e66cbba5375099d61c4e69c3c61a88cee4d633fe859c69c4ef29 Keppel on Friday announced the termination of its proposed divestment of M1. Keppel on Friday announces the termination of its proposed divestment of M1. https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-sachs-pay-us500-million-settle-shareholder-lawsuit-over-1mdb-scandal The Business Times en 2026-05-22T07:59:10+08:00 Goldman Sachs to pay US$500 million to settle shareholder lawsuit over 1MDB scandal https://cassette.sphdigital.com.sg/image/businesstimes/84d05855177de5349b53e07f2ca363ab1d6668aff49516c60917e795c371c0d1 Goldman helped 1MDB sell US$6.5 billion of bonds and collected an estimated US$600 million in fees. Goldman helped 1MDB sell US$6.5 billion of bonds and collected an estimated US$600 million in fees. https://www.businesstimes.com.sg/companies-markets/keppel-tuas-confirm-m1-simba-deal-dead-water The Business Times en 2026-05-22T07:59:09+08:00 Keppel, Tuas confirm M1-Simba deal dead in water https://cassette.sphdigital.com.sg/image/businesstimes/4887fb5cc2257c0a294a0aec30a23f107af13e47f610568465836dacb2b6ccf3 Infocomm Media Development Authority (IMDA) has suspended its review of Simba Telecom’s acquisition bid of M1’s telecommunications business. The suspension comes amid an investigation into allegations that Simba was using certain radio frequency bands to provide mobile services without authorisation. Tuas Ltd says that Simba continues to cooperate with the IMDA investigation of alleged spectrum breaches by the telco. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singapore-based-digital-edge-closes-us575-million-loan-fund-asia-pacific-expansion The Business Times en 2026-05-22T07:54:27+08:00 Singapore-based Digital Edge closes US$575 million loan to fund Asia-Pacific expansion https://cassette.sphdigital.com.sg/image/businesstimes/babed2d248dd94fb9e5a7039d7ae619b087ca01c98fabb3f01917aef345eb711 Turner and Townsend director Alex Quek believes that Singapore will be a significant player in the data centre race, albeit in the context of sustainability rather than pure capacity. Digital Edge said the majority of participating lenders are existing financing partners. https://www.businesstimes.com.sg/opinion-features/business-case-rightsizing-ai-also-environmental-one The Business Times en 2026-05-22T07:00:00+08:00 The business case for rightsizing AI is also an environmental one https://cassette.sphdigital.com.sg/image/businesstimes/440b45b0d8c372cb13d0648aa1073d71bbeded539569aa5fb9ff4a95dc6a01ab Right-sizing AI is pointless if companies do not ask the fundamental question: whether it is even the right solution. Rightsizing AI is pointless if companies do not ask the fundamental question: whether it is even the right solution. https://www.businesstimes.com.sg/international/global/us-and-iran-still-odds-key-issues-both-sides-report-signs-progress The Business Times en 2026-05-22T06:54:29+08:00 US and Iran still at odds on key issues, but both sides report signs of progress https://cassette.sphdigital.com.sg/image/businesstimes/2db6eb38af9d3013b77dcc69e5e22fa453465ef10f3b01073bae649948887a4a Teheran’s control over the Strait of Hormuz reportedly remains a sticking point in the ceasefire deal. Teheran’s control over the Strait of Hormuz reportedly remains a sticking point in the ceasefire deal. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-rise-investors-doubt-breakthrough-us-iran-peace-talks The Business Times en 2026-05-22T06:18:06+08:00 Oil prices rise as investors doubt breakthrough in US-Iran peace talks https://cassette.sphdigital.com.sg/image/businesstimes/3bb376eaa4bf6a69716b8278ef477780c0acc56f8d2f4e1abda255cd9a4f48aa Seven leading Opec+ oil-producing countries will likely agree to a modest hike in July output when they meet on Jun 7, Reuters reported on Thursday, citing four sources. Around 20% of global energy supplies transited the Strait before the war, which has removed 14 million barrels per day of oil from the market. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-indexes-end-slightly-higher-investors-focus-middle-east-peace-hopes The Business Times en 2026-05-22T06:00:01+08:00 Wall Street indexes end slightly higher as investors focus on Middle East peace hopes https://cassette.sphdigital.com.sg/image/businesstimes/c77d7bd71d0d9e12f6917fafbe640d92552230f0b7bb0fd5a55ba619e15001f3 After spending the morning in the red, stocks clawed their way back to gains in afternoon trading while oil prices shifted from a rally to a decline. After spending the morning in the red, stocks clawed their way back to gains in afternoon trading while oil prices shifted from a rally to a decline. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-equities-end-flat-investors-await-middle-east-peace-updates The Business Times en 2026-05-22T05:42:02+08:00 European equities end flat as investors await Middle East peace updates https://cassette.sphdigital.com.sg/image/businesstimes/899f5edd09ef3812778b55e7c88e19c96badf13de325be7ad02c3bc4a0226e61 The pan-European Stoxx 600 was little changed at 620.56 points, a two-week high. The pan-European Stoxx 600 was little changed at 620.56 points, a two-week high. https://www.businesstimes.com.sg/international/global/iran-talks-oman-over-permanent-toll-system-hormuz The Business Times en 2026-05-21T23:43:10+08:00 Iran in talks with Oman over permanent toll system for Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/c367d8d498f6ef12c3cc4673a06740a595ec3797fc6a583e5cbad8997f95d6b6 Vessels sail through the Strait of Hormuz, Musandam, Oman, May 20, 2026. Vessels sail through the Strait of Hormuz, Musandam, Oman, May 20, 2026. https://www.businesstimes.com.sg/companies-markets/transport-logistics/singamas-says-company-teo-siong-seng-have-not-been-served-any-legal-process-doj The Business Times en 2026-05-21T23:07:06+08:00 Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ https://cassette.sphdigital.com.sg/image/businesstimes/60a4840d768b55f6e235bf50f4d059cf7ec9f6f6ccea18661d73b5c3ba9fef8c alshipping21 // ST20221017-202242776928-Lim Yaohui/ Welcome Remarks by Mr Teo Siong Seng, Executive Chairman of PIL, during the donation ceremony at Solitaire on Cecil on Oct 17, 2022. Teo Siong Seng has not been served with any legal process or other legal documentation by the US Department of Justice, says Singamas. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-and-ey-spend-us1-billion-help-clients-adopt-ai The Business Times en 2026-05-21T22:54:03+08:00 Microsoft and EY to spend US$1 billion to help clients adopt AI https://cassette.sphdigital.com.sg/image/businesstimes/4258e3d6d04a4dd3eb94f9a03c80fa76d1e3fb1540e862f9717362c203d70ced The initiative aims to marry Microsoft’s AI products and its engineering expertise with EY’s industry knowledge and change management skills. The initiative aims to marry Microsoft’s AI products and its engineering expertise with EY’s industry knowledge and change management skills. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/grab-hitches-ride-ai-wave-ceo-anthony-tan-steers-company-next-phase-growth The Business Times en 2026-05-21T22:32:00+08:00 Grab hitches a ride on the AI wave as CEO Anthony Tan steers company into next phase of growth https://cassette.sphdigital.com.sg/image/businesstimes/1a0f1fd7cea81280a084c4170dee91b63dcff284781c5e616eee20c5a9f361a6 Grab's co-founder and CEO Anthony Tan is BT's Singapore Business Awards' Businessman of the Year for 2026. Grab's co-founder and CEO Anthony Tan is BT's Singapore Business Awards' Businessman of the Year for 2026. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/how-sats-ceo-kerry-mok-turned-groups-lowest-ebb-sky-high-results-global-stage The Business Times en 2026-05-21T22:31:00+08:00 How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage   https://cassette.sphdigital.com.sg/image/businesstimes/81a14324ed599f03e5b6d719bc3bdaadbd54747c5978e0967b9708f18d75ffba Kerry Mok, president and CEO of SATS Group, says the big task was convincing stakeholders of a multibillion-dollar acquisition in a time of global crisis. Kerry Mok, president and CEO of Sats, says the Covid-19 pandemic clearly showed that the group needed to strengthen through diversification. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/china-world-how-jane-sun-leans-her-global-experience-drive-trip-coms-growth-culture The Business Times en 2026-05-21T22:31:00+08:00 From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture https://cassette.sphdigital.com.sg/image/businesstimes/d5dcedb4448ceadb2e8db398516afe7d34ca8131f39765e474f2fa13efec0bc8 “I’m (one of) the very few female CEOs in a high-tech industry, so I feel tremendous responsibility to pave the way for our young leadership team," says Sun. “I’m (one of) the very few female CEOs in a high-tech industry, so I feel tremendous responsibility to pave the way for our young leadership team," says Trip.com Group’s CEO Jane Sun. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/eric-leongs-steel-ambitions-take-mlion-beyond-singapore The Business Times en 2026-05-21T22:30:00+08:00 Eric Leong’s steel ambitions take Mlion beyond Singapore https://cassette.sphdigital.com.sg/image/businesstimes/567c4ba70eead5d6cb46dc7ffe01e34815b1df44753e05b76212ef18b35a209b Eric Leong, co-founder and CEO of Mlion, has built the company by taking on steel projects and markets others were reluctant to enter. Eric Leong, co-founder and CEO of Mlion, has built the company by taking on steel projects and markets others were reluctant to enter. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/grab-group-ceo-anthony-tan-takes-top-prize-41st-singapore-business-awards The Business Times en 2026-05-21T22:30:00+08:00 Grab group CEO Anthony Tan takes top prize at 41st Singapore Business Awards https://cassette.sphdigital.com.sg/image/businesstimes/e1df7ca9c469a039470dba25acb51d77e75d7b564a61bcf4c7745914dc42fd4e The award winners at the 41st SBA: (from left): William Lim. CEO, Old Chang Kee; Jane Sun, CEO, Trip.com Group; Anthony Tan, Group CEO, Grab; Kerry Mok, CEO, Sats; Eric Leong, CEO, Mlion Corporation. Winners at the 41st SBA (from left) Old Chang Kee CEO William Lim; Trip.com CEO Jane Sun; Grab group CEO Anthony Tan; Sats CEO Kerry Mok; and Mlion CEO Eric Leong. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/singapore-business-awards-2026/hawker-stall-enterprise-award-winner-how-han-keen-juan-scaled-old-chang-kee-empire The Business Times en 2026-05-21T22:30:00+08:00 From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire https://cassette.sphdigital.com.sg/image/businesstimes/cdf8877d0ce06c22781e5d0ceb6ac4d0af9690745bf3b2fd71e0cb041cc910b3 Han Keen Juan, Executive Chairman, Old Chang Kee Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone https://www.businesstimes.com.sg/international/us-manufacturing-activity-rises-four-year-high-may-sp-global-survey-shows The Business Times en 2026-05-21T22:25:22+08:00 US manufacturing activity rises to four-year high in May, S&P Global survey shows https://cassette.sphdigital.com.sg/image/businesstimes/59bc23987181a9bf8b1e7a3bf07289af0ab390d2bf283427857efb4625702fc7 S&P Global said though new order growth at factories slowed, input inventories increased to an 11-month high, attributed to “the building of safety stocks amid price and supply worries.” S&P Global said though new order growth at factories slowed, input inventories increased to an 11-month high, attributed to “the building of safety stocks amid price and supply worries.” https://www.businesstimes.com.sg/property/us-housing-starts-decline-drop-single-family-homes The Business Times en 2026-05-21T21:58:28+08:00 US housing starts decline on drop in single-family homes https://cassette.sphdigital.com.sg/image/businesstimes/4881373b8c81cc1445e95ad7014079e1a6cea5bb478c3a4348279119a6ce34f6 Starts of single-family homes declined 9 per cent, the most since August, to an annualised 930,000 pace. Starts of single-family homes declined 9 per cent, the most since August, to an annualised 930,000 pace. https://www.businesstimes.com.sg/companies-markets/wall-st-opens-lower-oil-jumps-renewed-mideast-concerns The Business Times en 2026-05-21T21:45:19+08:00 Wall St opens lower as oil jumps on renewed Mideast concerns https://cassette.sphdigital.com.sg/image/businesstimes/142705143b8389f0a1f5d23db432cef114de9706525b558e35671209a8e0bc9e The S&P 500 fell 22.2 points, or 0.30 per cent, at the open to 7,410.78​, while the Nasdaq Composite dropped 126.7 points, or 0.48 per cent, to 26,143.616 at the opening bell. The S&P 500 fell 22.2 points, or 0.30 per cent, at the open to 7,410.78​, while the Nasdaq Composite dropped 126.7 points, or 0.48 per cent, to 26,143.616 at the opening bell. https://www.businesstimes.com.sg/companies-markets/transport-logistics/paris-appeals-court-finds-airbus-air-france-guilty-corporate-manslaughter-over-2009-crash The Business Times en 2026-05-21T21:34:30+08:00 Paris appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash https://cassette.sphdigital.com.sg/image/businesstimes/c827c2e53689d8cf99e71985edbb9417adf588793915da3f4985b4d365644d06 The Cockpit Voice Recorder (CVR), one of two flight recorders from the Rio-Paris Air France flight which crashed in 2009. The Cockpit Voice Recorder (CVR), one of two flight recorders from the Rio-Paris Air France flight which crashed in 2009. https://www.businesstimes.com.sg/events-awards/singapore-business-awards/core-strengths-new-capabilities-and-more-connectivity-key-singapores-future-chan-chun-sing The Business Times en 2026-05-21T21:30:00+08:00 Core strengths, new capabilities and more connectivity key to Singapore’s future: Chan Chun Sing https://cassette.sphdigital.com.sg/image/businesstimes/172e41c33402b290e5c5b5f2e3fe065354eeda6d7343f22a6def38192b8c7854 Singapore's stability and predictability are a “source of strength", says Minister for Defence and Coordinating Minister for Public Services Chan Chun Sing. Singapore's stability and predictability are a "source of strength", says Minister for Defence Chan Chun Sing (left) at a fireside chat moderated by DHL Express Singapore's Christopher Ong. https://www.businesstimes.com.sg/esg/simplified-disclosure-standards-launched-support-smes-sustainability-reporting The Business Times en 2026-05-21T21:28:52+08:00 Simplified disclosure standards launched to support SMEs in sustainability reporting https://cassette.sphdigital.com.sg/image/businesstimes/6ced308cf2edf70a626cf632678512c72cce9fb02f93668c49632d61fb987c79 CMG20260521-SeyuTW01/萧紫薇/ 甘田/ Launch Of Green 100 At Ecosperity Week 2026 [MBS]Opening remarks by Singapore’s Ambassador for Climate Action, Ravi Menon. Ravi Menon, Singapore’s ambassador for climate action, says that Green 100 is aimed at making SMEs’ climate action commercially meaningful. https://www.businesstimes.com.sg/international/global/chinas-first-humanoid-robot-incubator-has-its-eyes-set-south-east-asia-starting-singapore-office The Business Times en 2026-05-21T21:28:02+08:00 China’s first humanoid robot incubator has its eyes set on South-east Asia – starting with a Singapore office https://cassette.sphdigital.com.sg/image/businesstimes/36cd0e22685a31182419b8cc36e87b2a8a4069b13800e333c5b58a6fc6bd0cd2 SM Lee Hsien Loong tours the Shanghai Municipal Humanoid Robot Innovation Incubator with (left) Rong Guoqiang, general manager of the incubator, and (third from left) Wang Bing, head of the incubator. SM Lee Hsien Loong (centre) at the Shanghai Municipal Humanoid Robot Innovation Incubator with general manager Rong Guoqiang (left) and incubator head Wang Bing (third from left). https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-fall-amid-labour-market-resilience The Business Times en 2026-05-21T21:15:36+08:00 US weekly jobless claims fall amid labour market resilience https://cassette.sphdigital.com.sg/image/businesstimes/95863eb727e13ebb4ff05e0a226d83314971b453d8a3f695710881d82768799a Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 209,000 for the week ended May 16. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 209,000 for the week ended May 16. https://www.businesstimes.com.sg/singapore/toyota-launch-its-first-mainstream-ev-singapore-q3-2026 The Business Times en 2026-05-21T21:05:06+08:00 Toyota to launch its first mainstream EV in Singapore in Q3 2026 https://cassette.sphdigital.com.sg/image/businesstimes/52704e775849de6bc088592b8a077ebee5becf2b5132ff01480f1e2f16c74a95 Toyota is expanding its electric model range with the (from left) BZ4X Touring and Urban Cruiser. Toyota is expanding its electric model range with the (from left) BZ4X Touring and Urban Cruiser. https://www.businesstimes.com.sg/property/haidilao-co-founders-family-buys-second-bungalow-cluny-hill-s85-million The Business Times en 2026-05-21T21:01:21+08:00 Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million https://cassette.sphdigital.com.sg/image/businesstimes/5b7646743f8cb5c54e2596f3496f0d6a5aa190d5d1f0ce97dec606c3d57643ae The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft. The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft. https://www.businesstimes.com.sg/international/us-invest-quantum-computing-firms-exchange-stakes The Business Times en 2026-05-21T20:52:28+08:00 US to invest in quantum computing firms in exchange for stakes https://cassette.sphdigital.com.sg/image/businesstimes/f67d12287084d1ce04abb183fd6d27f76cb7a3bda13bf685c5732a5e0ee04b57 IBM will receive US$1 billion from the Trump administration in exchange for a stake in the company. IBM will receive US$1 billion from the Trump administration in exchange for a stake in the company. https://www.businesstimes.com.sg/companies-markets/sri-trang-gloves-q1-profit-falls-9-5-384-1-million-baht The Business Times en 2026-05-21T20:51:30+08:00 Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht https://cassette.sphdigital.com.sg/image/businesstimes/0951fb196c74bcbebd9e271a3acd5cb77d3e097be379f88f06678e4d0ba32c33 Sri Trang says that it retains a competitive advantage in manufacturing by using natural rubber latex, prices of which have risen by about 30%. Sri Trang says that it retains a competitive advantage in manufacturing by using natural rubber latex, prices of which have risen by about 30%. https://www.businesstimes.com.sg/international/google-meta-tiktok-face-eu-consumer-complaints-about-handling-financial-scams The Business Times en 2026-05-21T20:49:49+08:00 Google, Meta, TikTok face EU consumer complaints about handling of financial scams https://cassette.sphdigital.com.sg/image/businesstimes/274e6a1a708d494ca54c45fee5ea061053469d0f1e6ed5ce809f91aa250b855d The complaints were submitted to the European Commission and national regulators under the Digital Services Act (DSA). The complaints were submitted to the European Commission and national regulators under the Digital Services Act (DSA). https://www.businesstimes.com.sg/international/asean/asean-may-be-forced-choose-between-economic-growth-and-climate-if-both-are-not-decoupled-ravi-menon The Business Times en 2026-05-21T20:19:10+08:00 Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon https://cassette.sphdigital.com.sg/image/businesstimes/dce2240520d6c855d88990aba60a0d082bb0a4aed862dfc52d4bafcce34147cd Ravi Menon, Singapore's ambassador for climate action, says that despite challenges in carbon markets, it is key to "rebuild integrity so that financing can follow". Ravi Menon, Singapore's ambassador for climate action, says that despite challenges in carbon markets, it is key to "rebuild integrity so that financing can follow". https://www.businesstimes.com.sg/international/saudis-us1-trillion-wealth-fund-weighs-creating-logistics-giant The Business Times en 2026-05-21T20:14:14+08:00 Saudi’s US$1 trillion wealth fund weighs creating a logistics giant https://cassette.sphdigital.com.sg/image/businesstimes/50e7976c14806d92790fd92e7b60a146ed91bf69ebbc5c9bb82113782efc4925 The fund is increasingly prioritising businesses that generate steady returns, while supporting the domestic economy. The fund is increasingly prioritising businesses that generate steady returns, while supporting the domestic economy. https://www.businesstimes.com.sg/companies-markets/nio-q1-net-loss-narrows-332-1-million-yuan-revenue-doubles The Business Times en 2026-05-21T20:12:52+08:00 Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles https://cassette.sphdigital.com.sg/image/businesstimes/bafbb4f3b172bdccff7b296c5542ed8de13e223a79dde86cd3619268c3de4c01 On a quarter-on-quarter basis, however, its net loss was a reversal from the net profit of 282.7 million yuan in the fourth quarter of 2025. On a quarter-on-quarter basis, Nio's net loss was a reversal from the net profit of 282.7 million yuan in the fourth quarter of 2025. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-hits-session-high-report-iran-wants-keep-its-uranium The Business Times en 2026-05-21T20:11:25+08:00 Oil hits session high on report Iran wants to keep its uranium https://cassette.sphdigital.com.sg/image/businesstimes/de5c67be881da9fbb48ca926dc056b30cd9d081e054790103d50d1c848db5daa Brent traded near US$107 a barrel on Thursday, after sliding 5.6 per cent in the previous session. Brent traded near US$107 a barrel on Thursday, after sliding 5.6 per cent in the previous session. https://www.businesstimes.com.sg/companies-markets/aims-apac-reit-secures-sustainability-linked-loan-facilities-s450-million-160-million The Business Times en 2026-05-21T19:47:40+08:00 Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million https://cassette.sphdigital.com.sg/image/businesstimes/21c095ad2a3aab27cfc991e132060f05d0876a76c7d2d355c195a5b872bd3127 The sustainability-linked loan is tied to AA Reit's performance, with pre-determined targets focused on reducing Scope 2 carbon emissions, among others. The sustainability-linked loan is tied to AA Reit's performance, with pre-determined targets focused on reducing Scope 2 carbon emissions, among others. https://www.businesstimes.com.sg/international/executive-assistants-making-us100000-year-are-losing-jobs-ai The Business Times en 2026-05-21T19:10:09+08:00 Executive assistants making US$100,000 a year are losing jobs to AI https://cassette.sphdigital.com.sg/image/businesstimes/75b3537df7b3d036be3c5f9f5d24fa3d440d787be315b2b2acbb208e1bb80088 EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report. EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report. https://www.businesstimes.com.sg/companies-markets/manus-weighs-raising-us1-billion-unwind-meta-takeover The Business Times en 2026-05-21T19:08:49+08:00 Manus weighs raising US$1 billion to unwind Meta takeover https://cassette.sphdigital.com.sg/image/businesstimes/e4161417d9b851952c32478f44d61fe2bd7135da12f2a54934da396f96b63854 It’s unclear how new owners would carve out Manus’s agentic AI technology, much of which has been integrated into Meta’s systems. It’s unclear how new owners would carve out Manus’s agentic AI technology, much of which has been integrated into Meta’s systems. https://www.businesstimes.com.sg/international/uk-net-migration-falls-below-200000-visa-clampdown-bites The Business Times en 2026-05-21T18:41:56+08:00 UK net migration falls below 200,000 as visa clampdown bites https://cassette.sphdigital.com.sg/image/businesstimes/57de7169f457744dd8196d45d85f9819e222300a4e217c2bd7a3034123496ccc Britons and Europeans continued to depart the UK in large numbers. Britons and Europeans continued to depart the UK in large numbers. https://www.businesstimes.com.sg/international/war-weighs-global-growth-inflation-worries-intensifying The Business Times en 2026-05-21T18:38:05+08:00 War weighs on global growth with inflation worries intensifying https://cassette.sphdigital.com.sg/image/businesstimes/c290c43ea0b7133b4a8bffa0de0068086ede4bdd511ea886976a45267dc967fd Overall, the numbers add to evidence that the growth and inflation shocks to the world from the Middle East crisis are spreading, complicating the task for central bankers. Overall, the numbers add to evidence that the growth and inflation shocks to the world from the Middle East crisis are spreading, complicating the task for central bankers. https://www.businesstimes.com.sg/international/eurozone-economic-activity-contracts-fastest-pace-over-two-years-may The Business Times en 2026-05-21T18:30:18+08:00 Eurozone economic activity contracts at fastest pace in over two years in May https://cassette.sphdigital.com.sg/image/businesstimes/274e6a1a708d494ca54c45fee5ea061053469d0f1e6ed5ce809f91aa250b855d New orders across the private sector fell at their fastest pace in 18 months, with new export orders declining at the steepest rate since January 2025. New orders across the private sector fell at their fastest pace in 18 months, with new export orders declining at the steepest rate since January 2025. https://www.businesstimes.com.sg/newsletters/daily-debrief/daily-debrief-what-happened-today-may-212 The Business Times en 2026-05-21T18:30:00+08:00 Daily Debrief: What Happened Today (May 21) https://cassette.sphdigital.com.sg/image/businesstimes/de9ba03584bb7dee9907662d37d0161aa02273d805d5776b4cf1b0ddaee518a0 Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". https://www.businesstimes.com.sg/singapore/ai-reshapes-entry-level-work-fresh-grads-must-prepare-third-year-job-panel The Business Times en 2026-05-21T18:14:47+08:00 As AI reshapes entry-level work, fresh grads must prepare for the ‘third-year job’: panel https://cassette.sphdigital.com.sg/image/businesstimes/807163155b3681cc3995fb467b7b5a867d81b429cd95bb3d53cc0da8f2b867e2 From left: IMDA's Yvonne Lim, who moderated the panel; Acting Minister for Transport Jeffrey Siow; SMU's Professor Lily Kong; and Singtel's Ng Tian Chong. From left: IMDA's Yvonne Lim, who moderated the panel; Acting Minister for Transport Jeffrey Siow; SMU's Professor Lily Kong; and Singtel's Ng Tian Chong. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-flattish-amid-mixed-regional-showing-sti-0-02 The Business Times en 2026-05-21T18:02:17+08:00 Singapore stocks end flattish amid mixed regional showing; STI up 0.02% https://cassette.sphdigital.com.sg/image/businesstimes/663fb47215d9cba8966fbe4a43e94a2eaaf5e7921408401fabcebc72782c681e Across the broader market, gainers edged out losers 315 to 285, after 1.8 billion securities worth S$2.6 billion changed hands. Across the broader market, gainers outnumber losers 315 to 285, after 1.8 billion securities worth S$2.6 billion change hands. https://www.businesstimes.com.sg/lifestyle/style-travel/exploring-great-outdoors-school-holidays The Business Times en 2026-05-21T18:00:00+08:00 Exploring the great outdoors for school holidays https://cassette.sphdigital.com.sg/image/businesstimes/93f15a94cfc6b2513e704f3095b9b7bb5fc61c29a9d683455a4a1106d90b3cbc Kids enjoying a bonfire at Nikoi Island. Kids enjoying a bonfire on Nikoi Island. https://www.businesstimes.com.sg/lifestyle/food-drink/japanese-food-singaporean-tastebuds-jiin-omakase The Business Times en 2026-05-21T18:00:00+08:00 Japanese food for Singaporean tastebuds at Jiin Omakase https://cassette.sphdigital.com.sg/image/businesstimes/1e8905bfd962a9fe4f9397c1a6e67100383c68c4c266acc317dde8a96b88ffdf Jiin Omakase's cosy interiors. Jiin Omakase's cosy interiors. https://www.businesstimes.com.sg/lifestyle/food-drink/rose-wine-forgotten-sister-deserves-more The Business Times en 2026-05-21T18:00:00+08:00 Rose wine – the forgotten sister that deserves more https://cassette.sphdigital.com.sg/image/businesstimes/f6f15ac9ebebaf9d983c884b00fbac8d0723f4782e6ba2fe07e7fcc9294e2a34 Rosé wines go very well with Asian food. Rose wines go very well with Asian food. https://www.businesstimes.com.sg/international/analysts-doubt-over-whether-bank-indonesias-rate-hike-will-stem-rupiahs-slide The Business Times en 2026-05-21T17:57:36+08:00 Analysts in doubt over whether Bank Indonesia’s rate hike will stem rupiah’s slide https://cassette.sphdigital.com.sg/image/businesstimes/586a436b7c7d38bc15e64102fd81409e06c807b5116671d995226fd3d3967b20 Indonesian President Prabowo Subianto announces steps to support local assets, such as a state-owned entity to centralise exports of strategic commodities. Indonesian President Prabowo Subianto has also announced steps to support local assets through a state-owned entity to centralise exports of strategic commodities. https://www.businesstimes.com.sg/international/seoul-apartment-price-rally-gains-pace-ahead-bank-korea-decision The Business Times en 2026-05-21T17:31:14+08:00 Seoul apartment price rally gains pace ahead of Bank of Korea decision https://cassette.sphdigital.com.sg/image/businesstimes/d63d46bda86a9003552b4163c7368286f0a260dbd24f97537d706630f38e5f68 The Bank of Korea next sets policy on May 28, which will be governor Shin Hyun-song’s first rate decision since taking office in April. The Bank of Korea next sets policy on May 28, which will be governor Shin Hyun-song’s first rate decision since taking office in April. https://www.businesstimes.com.sg/companies-markets/transport-logistics/thai-watchdog-sue-volvo-cars-over-ex30-fires-consumers-demand-refunds The Business Times en 2026-05-21T17:29:56+08:00 Thai watchdog to sue Volvo Cars over EX30 fires as consumers demand refunds https://cassette.sphdigital.com.sg/image/businesstimes/19af3e09702a1cae2be7e939bc96e6daef001f5dd899832770341ec0b7250c03 The decision to take court action follows two EX30 fires in Thailand this month. The decision to take court action follows two EX30 fires in Thailand this month. https://www.businesstimes.com.sg/international/uk-private-sector-shrinks-starmer-crisis-adds-iran-shock The Business Times en 2026-05-21T17:21:52+08:00 UK private sector shrinks as Starmer crisis adds to Iran shock https://cassette.sphdigital.com.sg/image/businesstimes/57f72baba7a2ba5221c529c805c37656c8c29aeae42ec023e509cb2f4cfdbe32 The survey will deliver a further blow to Starmer’s Labour government, which has struggled to deliver on its promise to boost economic growth. The survey will deliver a further blow to Starmer’s Labour government, which has struggled to deliver on its promise to boost economic growth. https://www.businesstimes.com.sg/international/us-philippines-reach-deal-economic-security-zone-sooner-rather-later-us-official-says The Business Times en 2026-05-21T16:47:03+08:00 US, Philippines to reach deal on economic security zone ‘sooner rather than later’, US official says https://cassette.sphdigital.com.sg/image/businesstimes/e6cf53b02030c57c5e15ac14594a7be1b81fcfcf59d7d244b9c98e0c4d9cd217 US officials led by Undersecretary of State for Economic Affairs Jacob Helberg talks to reporters in Pampanga, Philippines on May 18, 2028. US officials led by Undersecretary of State for Economic Affairs Jacob Helberg talks to reporters in Pampanga, Philippines on May 18, 2028. https://www.businesstimes.com.sg/singapore/policy-changes-construction-demand-push-commercial-vehicle-coe-premiums-new-record The Business Times en 2026-05-21T16:36:51+08:00 Policy changes, construction demand push commercial vehicle COE premiums to new record https://cassette.sphdigital.com.sg/image/businesstimes/ec76c3937ab21e675e7a16da872dbfa3cd28930e0902235b29effb1dfa6d9eeb Heavy vehicle demand to serve major construction projects has helped drive Category C COE premiums to new heights. Heavy vehicle demand to serve major construction projects has helped drive Category C COE premiums to new heights. https://www.businesstimes.com.sg/thrive/money-talk/some-young-singaporeans-renting-worthy-expense The Business Times en 2026-05-21T16:20:15+08:00 For some young Singaporeans, renting is a worthy expense https://cassette.sphdigital.com.sg/image/businesstimes/ead4ac253160fb34abdc279c4d1e1e0c686a340e11b5454bb285c036e6cb924b BT BT https://www.businesstimes.com.sg/companies-markets/goldman-ceo-slides-elon-musks-dms-during-bid-lead-spacex-ipo The Business Times en 2026-05-21T16:20:03+08:00 Goldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO https://cassette.sphdigital.com.sg/image/businesstimes/4a3382339cc6e2422373c764977e96eed3835e037e09d1a2ca6f15d45892b5b7 Goldman Sachs CEO David Solomon is known for using gimmicks to help win a deal. Goldman Sachs CEO David Solomon is known for using gimmicks to help win a deal. https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-faces-calls-pause-bond-taper-energy-shock-jolts-yields The Business Times en 2026-05-21T16:15:30+08:00 BOJ faces calls to pause bond taper as energy shock jolts yields https://cassette.sphdigital.com.sg/image/businesstimes/79e70c27fe377933af85d26a2f65d51fa81d56dd0384c69f067b7355397ceb48 The BOJ has been tapering its huge bond purchases since 2024 and currently buys roughly 2.1 trillion yen worth of Japanese government bonds per month. The BOJ has been tapering its huge bond purchases since 2024 and currently buys roughly 2.1 trillion yen worth of Japanese government bonds per month. https://www.businesstimes.com.sg/international/asean/malaysian-palm-oil-groups-worried-indonesian-export-revamp-could-cause-short-term-disruption The Business Times en 2026-05-21T16:10:47+08:00 Malaysian palm oil groups worried Indonesian export revamp could cause short-term disruption https://cassette.sphdigital.com.sg/image/businesstimes/f85563c117456c96e49c1bc214f75d6cc16ccc5d2f84ab4c6831462105fcd454 Malaysia could potentially benefit if buyers view its supply as more stable and predictable during the initial implementation of Indonesia's new measures. Malaysia could potentially benefit if buyers view its supply as more stable and predictable during the initial implementation of Indonesia's new measures. https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-will-hire-more-ai-fewer-bankers-ceo-dimon-says The Business Times en 2026-05-21T15:58:07+08:00 JPMorgan will hire more for AI, fewer bankers, CEO Dimon says https://cassette.sphdigital.com.sg/image/businesstimes/e3074e93efb69f4cc60967e41967f7fcc174843b6e7e37e6fded4db5df0ab963 Unlike some of his banking peers, Jamie Dimon struck a measured tone, arguing that the AI-driven transition can largely be managed through natural turnover. Unlike some of his banking peers, Jamie Dimon struck a measured tone, arguing that the AI-driven transition can largely be managed through natural turnover. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-jump-weak-jobs-data-tempers-rba-rate-hike-bets The Business Times en 2026-05-21T15:52:44+08:00 Australian shares jump as weak jobs data tempers RBA rate-hike bets https://cassette.sphdigital.com.sg/image/businesstimes/3ad57876201f6b3d4692bf1739fa533fad449648a074cef2829262e16944ab18 The S&P/ASX 200 index rose 1.5 per cent to 8,621.70 points, logging its best close in a week. The S&P/ASX 200 index rose 1.5 per cent to 8,621.70 points, logging its best close in a week. https://www.businesstimes.com.sg/companies-markets/why-singtel-seeking-aussie-partner-optus The Business Times en 2026-05-21T15:50:00+08:00 Why is Singtel seeking an Aussie partner for Optus? https://cassette.sphdigital.com.sg/image/businesstimes/82e111eed6a8d6cdade412e4b1f5d674bb5bc1427071ce86448909f8fb2dd72b The minority partner must ensure that Optus continues to be “a strong alternative operator in the industry", says Singtel. Singtel is seeking a “like-minded long-term local partner” that would take a “meaningful minority stake” in Optus. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-equities-ease-investors-await-middle-east-peace-updates The Business Times en 2026-05-21T15:42:41+08:00 European equities ease as investors await Middle East peace updates https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 was down 0.2 per cent at 618.79 points, as of 0701 GMT on Thursday. The Stoxx 600 was down 0.2 per cent at 618.79 points, as of 0701 GMT on Thursday. https://www.businesstimes.com.sg/international/australia-jobless-rate-jumps-41-2-year-high-rba-bets-fade The Business Times en 2026-05-21T15:36:21+08:00 Australia jobless rate jumps to 4½ year high as RBA bets fade https://cassette.sphdigital.com.sg/image/businesstimes/45b259a26999b5b4cb266a4e1d36b3d16ba4b2f56a5870865f89f5e2c88719e2 FILE PHOTO: People shop at Pitt Street Mall in Sydney, Australia, September 29, 2025. REUTERS/Hollie Adams/File Photo/File Photo Australia has seen a wave of layoffs this year, particularly in the tech sector, where companies have blamed AI adoption, restructuring and cost pressures. https://www.businesstimes.com.sg/lifestyle/was-winning-entry-commonwealth-short-story-prize-generated-ai The Business Times en 2026-05-21T15:14:42+08:00 Was a winning entry of the Commonwealth Short Story Prize generated by AI? https://cassette.sphdigital.com.sg/image/businesstimes/5a8c8c25891d2687d599be36c1964cf216aa52cf8468103335493d5959774676 The overall winner of the Commonwealth Short Story Prize will be announced on Jun 30. The overall winner of the Commonwealth Short Story Prize will be announced on Jun 30. https://www.businesstimes.com.sg/international/asean/danantara-indonesia-will-honour-commodity-export-contracts-will-review-prices The Business Times en 2026-05-21T15:13:20+08:00 Danantara Indonesia will honour commodity export contracts, but will review prices https://cassette.sphdigital.com.sg/image/businesstimes/5340c24c998cd09cdc255d0fa399e80b86e4348a9d3a698b31a13afc2ca1fffd Danantara planned to combine the asset management firms it owns, aiming to build a larger player to compete locally and across the region. Danantara said that when the sovereign wealth fund has visibility on pricing, it may renegotiate prices that were set below global benchmarks. https://www.businesstimes.com.sg/lifestyle/why-these-are-sobering-times-alcohol-companies The Business Times en 2026-05-21T14:48:09+08:00 Why these are sobering times for alcohol companies https://cassette.sphdigital.com.sg/image/businesstimes/0ecb27812b32b3429621c83784842fba874ba19a2421fc7e22e5be1a69ba095a FILE PHOTO: A waiter takes a bottle of Kingfisher beer out of a fridge at a pub in Mumbai, India. Health concerns and tighter household budgets are prompting people to drink less. Health concerns and tighter household budgets are prompting people to drink less. https://www.businesstimes.com.sg/singapore/some-things-know-about-teo-siong-seng-singapore-shipping-veteran-accused-us-price-collusion The Business Times en 2026-05-21T14:33:59+08:00 Some things to know about Teo Siong Seng, the Singapore shipping veteran accused by US of price collusion https://cassette.sphdigital.com.sg/image/businesstimes/55e0d97ab3accc1a705c2140583252cef7f594cd72ebeb45982be224c04f5ca8 Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement. Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/circular-ai-boom-goes-global-asia-windfall-funds-hyperscalers The Business Times en 2026-05-21T14:21:18+08:00 Circular AI boom goes global as Asia windfall funds hyperscalers https://cassette.sphdigital.com.sg/image/businesstimes/24eb861b809356aa761fdd9c588025f5818cab0ac1a9dc2b7dac5c5d8a2ddfaf India, Vietnam, Malaysia and other parts of South-east Asia are taking advantage as companies adopt a China-plus-one strategy to diversify their supply. India, Vietnam, Malaysia and other parts of South-east Asia are taking advantage as companies adopt a China-plus-one strategy to diversify their supply. https://www.businesstimes.com.sg/events-awards/design-ai-and-tech-awards/gallery/2026-final-award-presentation1 The Business Times en 2026-05-21T14:17:04+08:00 2026 Final Award Presentation https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/singtel-seeks-clarity-taking-part-telco-consolidation-analysts-note-very-high-bar-approval The Business Times en 2026-05-21T14:11:17+08:00 Singtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval https://cassette.sphdigital.com.sg/image/businesstimes/c12aefbd72c5cce8587ece988d0f6cb9af6b04aa9b07be98211cd12f298a97dc Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable". https://www.businesstimes.com.sg/international/asean/who-would-buy-vietnams-state-owned-stakes-when-hanoi-ready-sell The Business Times en 2026-05-21T14:06:42+08:00 Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell? https://cassette.sphdigital.com.sg/image/businesstimes/16d0085bdc05cf3c90df92dafe47dfbc68893b09edd1672eeaafc1ab2b5a418f Vietnam is set to be upgraded to secondary emerging market status later this year, which could pull billions of dollars into its stock market. Vietnam is set to be upgraded to secondary emerging market status later this year, which could pull billions of dollars into its stock market. https://www.businesstimes.com.sg/lifestyle/arts-design/sifa-2026-festival-finds-its-balance The Business Times en 2026-05-21T14:05:00+08:00 Sifa 2026: A festival finds its balance https://cassette.sphdigital.com.sg/image/businesstimes/50e330afa9b0b19ae87c6f05d0da6c5ca4d2e1c081088db1f901a718a0de2609 The return of the Festival Village at the Singapore International Festival of Arts drew large crowds with its varied attractions. The return of the Festival Village at the Singapore International Festival of Arts drew large crowds with its varied attractions, such as Noli Timere. https://www.businesstimes.com.sg/singapore/singapore-ramps-ai-push-smes-new-initiatives-partnerships The Business Times en 2026-05-21T13:48:12+08:00 Singapore ramps up AI push for SMEs with new initiatives, partnerships https://cassette.sphdigital.com.sg/image/businesstimes/01c8243679623f1a579ac637f77db13f6a089f39f16e70b040b7ac6d9996a2aa Senior Minister of State for Digital Development and Information Tan Kiat How announced new initiatives to help enterprises adopt AI with confidence, strengthen cyber resilience, and future-proof Singapore’s digital infrastructure, at Asia Tech x Singapore (ATx) on Thursday (May 21) Senior Minister of State for Digital Development and Information Tan Kiat How says enterprises need to go beyond the AI buzz and focus on practical deployment. https://www.businesstimes.com.sg/international/asean/vietnamese-ev-maker-vinfasts-move-shift-us7-billion-debt-raises-red-flags The Business Times en 2026-05-21T13:37:28+08:00 Vietnamese EV maker VinFast’s move to shift US$7 billion in debt raises ‘red flags’ https://cassette.sphdigital.com.sg/image/businesstimes/48f8c80ed2bfa9de709e10d9a651c7b0ca1749a0342e6fd1d7249ef6b4e5c480 Testing of the Robo-Car system is underway in controlled zones in Hanoi, with plans to expand trials to larger cities and overseas markets, the companies say. VinFast will retain its assembly plants in Indonesia and India, along with patents for its newest generation of EVs. https://www.businesstimes.com.sg/international/asean/iran-war-spurs-extreme-bear-scenarios-asia-currencies-bonds The Business Times en 2026-05-21T13:03:22+08:00 Iran war spurs extreme bear scenarios for Asia currencies, bonds https://cassette.sphdigital.com.sg/image/businesstimes/1509243a33d6f4c5752da8c4ba4702fca58dce3bfc72a8c10893eb370706512d The rupiah, rupee and the peso have been among the worst-performing emerging-market currencies, falling between 4.5% and 6.5% since the war began. The rupiah, rupee and the peso have been among the worst-performing emerging-market currencies, falling between 4.5% and 6.5% since the war began. https://www.businesstimes.com.sg/opinion-features/asean-could-be-hard-hit-intensifying-iran-crisis-g7-broods The Business Times en 2026-05-21T12:44:13+08:00 Asean could be hard hit by intensifying Iran crisis as G7 broods https://cassette.sphdigital.com.sg/image/businesstimes/c8f927d6b2048668ca405d41ee8a0d1d8b60445d5f5655877768fa2c35a40926 Some traders forecast that key Asian countries, including those in Asean, might face physical shortages of gasoil around a month before Europe does. Some traders forecast that key Asian countries, including those in Asean, might face physical shortages of gasoil around a month before Europe does. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-tells-sceptical-investors-ai-ready-go-mainstream The Business Times en 2026-05-21T12:33:57+08:00 Nvidia tells sceptical investors that AI is ready to go mainstream https://cassette.sphdigital.com.sg/image/businesstimes/962896d9f18f799e2eba17942b8bfa03a2bdbe5db42fb97dd1c12cb92a26d89e Wall Street predicts that revenue for Jensen Huang's Nvidia will account for more than a third of the entire semiconductor sector’s sales in 2026. Wall Street predicts that revenue for Jensen Huang's Nvidia will account for more than a third of the entire semiconductor sector’s sales in 2026. https://www.businesstimes.com.sg/international/global/singamas-shares-plunge-after-us-doj-allegations-against-ceo-teo-siong-seng The Business Times en 2026-05-21T12:19:59+08:00 Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng https://cassette.sphdigital.com.sg/image/businesstimes/60a4840d768b55f6e235bf50f4d059cf7ec9f6f6ccea18661d73b5c3ba9fef8c Singapore shipping veteran Teo Siong Seng is one of seven executives the US has accused of colluding to fix the prices of dry containers. Singapore shipping veteran Teo Siong Seng is one of seven executives the US has accused of colluding to fix the prices of dry containers. https://www.businesstimes.com.sg/international/china-lowers-spending-most-six-months-blow-economy The Business Times en 2026-05-21T12:17:49+08:00 China lowers spending most in six months in blow to economy https://cassette.sphdigital.com.sg/image/businesstimes/8512e5a792fe8fa80d3b60c56308c02c8cea0729a2affdde8bc2fe7ca00c7adf Solid economic growth in the first quarter may have reduced the impetus for authorities to step up spending. Solid economic growth in the first quarter may have reduced the impetus for authorities to step up spending. https://www.businesstimes.com.sg/companies-markets/airbnb-pushes-beyond-stays-luggage-storage-car-rentals-hotels The Business Times en 2026-05-21T11:39:46+08:00 Airbnb pushes beyond stays with luggage storage, car rentals, hotels https://cassette.sphdigital.com.sg/image/businesstimes/d06ba5b630bcb907156b564334648d495f43db6c34edb9cd79c015f90decacde CEO Brian Chesky says Airbnb wants to “become an ecosystem of services” to address the top pain points in travel. CEO Brian Chesky says Airbnb wants to “become an ecosystem of services” to address the top pain points in travel. https://www.businesstimes.com.sg/companies-markets/banking-finance/citadel-securities-hires-more-60-across-asia-including-singapore The Business Times en 2026-05-21T11:04:39+08:00 Citadel Securities hires more than 60 across Asia, including Singapore https://cassette.sphdigital.com.sg/image/businesstimes/1f69af202ad03e3b3af0eea613f9d4857272273966091fa7a97f4ee4e1b2901d Citadel Securities has been expanding in Asia with plans to bolster its “high-touch” business by allowing clients in the region to trade US equity blocks. Citadel Securities has been expanding in Asia with plans to bolster its “high-touch” business by allowing clients in the region to trade US equity blocks. https://www.businesstimes.com.sg/international/asean/prabowos-biggest-crackdown-tycoons-shocked-his-own-officials The Business Times en 2026-05-21T11:00:51+08:00 Prabowo’s biggest crackdown on tycoons shocked his own officials https://cassette.sphdigital.com.sg/image/businesstimes/e4fa3320221dc9af0ed0be21ac4945fe01031f491f8665924e1ae51517e0f8d1 “The era of impunity is ending,” Indonesia's President Prabowo Subianto said. “The era of impunity is ending,” Indonesia's President Prabowo Subianto said. https://www.businesstimes.com.sg/property/apex-court-rejects-resulting-trust-claim-99-1-condo-dispute The Business Times en 2026-05-21T10:32:21+08:00 Apex court rejects resulting trust claim in 99-1 condo dispute https://cassette.sphdigital.com.sg/image/businesstimes/632639ca37bcfbdd38c7d1ed60ca2a2a7c57372af18b7a35d25d6fb37fdfb1c1 The Court of Appeal found that the evidence showed the parties intended the 99-1 ratio to reflect both their legal and beneficial ownership of the property. Evidence showed the parties intended the 99-1 ratio to reflect both their legal and beneficial ownership of the property. https://www.businesstimes.com.sg/companies-markets/banking-finance/us-fed-minutes-show-more-policymakers-open-rate-hike The Business Times en 2026-05-21T10:14:12+08:00 US Fed minutes show more policymakers open to a rate hike https://cassette.sphdigital.com.sg/image/businesstimes/754b28f14f17bbede63f29d63af56881aa96cfd09ffd8509420cbe151685f224 The Federal Open Market Committee left its short-term policy rate unchanged in a range of 3.5% to 3.75% last month, but four policymakers dissented, the most since 1992. US and global bond markets increasingly reflect a conviction that top central banks will be lifting interest rates before long to lean against war-induced inflation. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-funds-pile-back-chinese-stocks-april The Business Times en 2026-05-21T10:06:56+08:00 Global funds pile back into Chinese stocks in April https://cassette.sphdigital.com.sg/image/businesstimes/6df02fe2c7c763c14ffa0dc00bbf7914a7e7824b8988c86e1f209e838f7f7be2 Estimated net inflows into mainland equities hit roughly 200 billion yuan (S$37.6 billion) last month, the most since January. Estimated net inflows into mainland equities hit roughly 200 billion yuan (S$37.6 billion) last month, the most since January. https://www.businesstimes.com.sg/international/global/putin-leaves-beijing-after-xi-meeting-little-progress-key-china-russia-gas-pipeline-project The Business Times en 2026-05-21T10:04:40+08:00 Putin leaves Beijing after Xi meeting with little progress on key China-Russia gas pipeline project https://cassette.sphdigital.com.sg/image/businesstimes/2c5e1239d49e11542718803e02da653f50f29a14a6fa53fd721e6d78f797e79b Russian President Putin (left) and Chinese President Xi following their meeting at Beijing's Great Hall of the People on May 20. Russian President Putin (left) and Chinese President Xi following their meeting at Beijing's Great Hall of the People on May 20. https://www.businesstimes.com.sg/companies-markets/energy-commodities/deep-under-chinas-coal-basins-petrochina-unlocking-gas-rocks The Business Times en 2026-05-21T10:01:55+08:00 Deep under China’s coal basins, PetroChina is unlocking gas from rocks https://cassette.sphdigital.com.sg/image/businesstimes/d9e0ec30a18eb88d50ac032f5b18f4946b5ecde82aba1b374074217886297d87 A key obstacle to expanding coal rock gas output is the high production cost, reflecting the technical challenges of drilling deep underground. A key obstacle to expanding coal rock gas output is the high production cost, reflecting the technical challenges of drilling deep underground. https://www.businesstimes.com.sg/property/hong-kongs-sogo-department-store-racing-refinance-loan-sources The Business Times en 2026-05-21T09:42:47+08:00 Hong Kong’s Sogo Department store racing to refinance loan: sources https://cassette.sphdigital.com.sg/image/businesstimes/28cb658d1e16eb2dbc96be82ec0ca44ebf384dbad704d9119fd3ab7d82723724 Sogo malls, especially the flagship Causeway Bay one, have long been among Hong Kong’s prime retail destinations. The shortfall represents about a third of the refinancing for the loan, which is secured against the iconic Sogo department store in shopping district Causeway Bay. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steadies-hopes-us-iran-truce-ease-rate-hike-bets The Business Times en 2026-05-21T09:22:29+08:00 Gold steadies as hopes of US-Iran truce ease rate-hike bets https://cassette.sphdigital.com.sg/image/businesstimes/cd427c249dc2a8de5cae74558882992f738b76f493a59e85dc03e50eadec963f Gold has traded in a narrow range since falling sharply in the early days of the Middle East conflict. Gold has traded in a narrow range since falling sharply in the early days of the Middle East conflict. https://www.businesstimes.com.sg/companies-markets/elon-musks-tight-grip-heavy-losses-what-spacexs-potentially-largest-ever-ipo-filing-reveals The Business Times en 2026-05-21T08:43:04+08:00 Elon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals https://cassette.sphdigital.com.sg/image/businesstimes/bcf004f9ea07e6922bff7942ae3840345bcd7c5ed0ba26f4de5e3816d55b8fc1 The audacious plan by Elon Musk (left) for an IPO of unprecedented size is set to transform both the public and private markets if it succeeds. The audacious plan by Elon Musk (left) for an IPO of unprecedented size is set to transform both the public and private markets if it succeeds. https://www.businesstimes.com.sg/companies-markets/stocks-watch-singtel-cdl The Business Times en 2026-05-21T08:29:29+08:00 Stocks to watch: Singtel, CDL https://cassette.sphdigital.com.sg/image/businesstimes/354fe92b8ec4307ce649aee8fa518bb3d6eba19249cf28460307b7e02afc296c On Thursday, it posted a net profit of S$2.2 billion for its second half ended Mar 31, 20.9 per cent down from S$2.8 billion in the year-ago period. Singtel posts a net profit of S$2.2 billion for its second half ended Mar 31, down 20.9% year on year. https://www.businesstimes.com.sg/property/airbnbs-ceo-says-us-misunderstanding-use-chinese-open-source-ai-models The Business Times en 2026-05-21T08:24:49+08:00 Airbnb’s CEO says US ‘misunderstanding’ use of Chinese open-source AI models https://cassette.sphdigital.com.sg/image/businesstimes/27f7cbd4cc2bd8cfb40eddd59597908a0a0b90e2b1f929d7e69283247d8515c7 “An open-source model does not have access to data. It doesn’t work that way,” said Brian Chesky, chief executive officer of Airbnb. “An open-source model does not have access to data. It doesn’t work that way,” said Brian Chesky, chief executive officer of Airbnb. https://www.businesstimes.com.sg/companies-markets/singtel-h2-net-profit-down-20-9-s2-2-billion-telco-open-aussie-minority-partner-optus The Business Times en 2026-05-21T08:19:13+08:00 Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus https://cassette.sphdigital.com.sg/image/businesstimes/0b0093e0104f244f5fae8a721ba1649622c704be278b7e784cdb91a0385a1582 For the second half, revenue stood at S$7.4 billion, up 2.7 per cent on the year from S$7.2 billion. Singtel's full-year EPS stood at S$0.3398, up from S$0.2434 in the previous financial year. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-shares-soar-strike-averted-bonuses-us416000-some-stoke-concern The Business Times en 2026-05-21T08:02:51+08:00 Samsung shares soar as strike averted, but bonuses of US$416,000 for some stoke concern https://cassette.sphdigital.com.sg/image/businesstimes/7dff141eebd4ee54885cd8974110a555ff4ac738f256a2f722849bb37900c7de Yeo Myeong-gu (left), head of Samsung Electronics’ device solutions division's people team, and Choi Seung-ho, head of Samsung’s largest labour union, sign an agreement on a wage deal in Seoul on May 20. Yeo Myeong-gu (left), head of Samsung Electronics’ device solutions division's people team, and Choi Seung-ho, head of Samsung’s largest labour union, sign an agreement on a wage deal in Seoul on May 20. https://www.businesstimes.com.sg/startups-tech/startups/openai-preparing-file-ipo-coming-weeks The Business Times en 2026-05-21T07:51:18+08:00 OpenAI is preparing to file for an IPO in the coming weeks https://cassette.sphdigital.com.sg/image/businesstimes/ebf3dbf188c0ca32dd723a99d3c94ea5c6a5baea22e0ed64c42a66d8af3efbaf Since the release of ChatGPT, OpenAI has evolved into one of the world’s most valuable and powerful AI companies. Since the release of ChatGPT, OpenAI has evolved into one of the world’s most valuable and powerful AI companies. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidias-profit-hits-us58-3-billion-ai-boom-gathers-more-steam The Business Times en 2026-05-21T07:39:45+08:00 Nvidia’s profit hits US$58.3 billion as AI boom gathers more steam https://cassette.sphdigital.com.sg/image/businesstimes/6bbc503a0cb7d9bb198fa450037a4bc267d3a3a73231fb09ebfb717b86c3c2e7 Nvidia’s chips are an essential part of big AI projects, and other tech companies have been lining up to spend tens of billions of US dollars on those chips. Nvidia’s chips are an essential part of big AI projects, and other tech companies have been lining up to spend tens of billions of US dollars on those chips. https://www.businesstimes.com.sg/international/global/singapore-shipping-veteran-sbf-chair-teo-siong-seng-and-others-accused-us-price-fixing The Business Times en 2026-05-21T07:20:28+08:00 Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing https://cassette.sphdigital.com.sg/image/businesstimes/6a88c03061003c6036e05d4dd4945a735e5d0c5b979af6d8a898a4c056258f32 Teo Siong Seng, chief executive of Singamas, was named as one of the individuals alleged to be involved in price fixing. Teo Siong Seng, chief executive of Singamas, was named as one of the individuals alleged to be involved in price fixing. https://www.businesstimes.com.sg/opinion-features/fast-tracking-asean-power-grid-amid-global-energy-turmoil The Business Times en 2026-05-21T07:15:00+08:00 Fast-tracking the Asean Power Grid amid global energy turmoil https://cassette.sphdigital.com.sg/image/businesstimes/fe029543d08bdd601117e533b5680c889089e3facf71a44fc06d9ef55bc49828 In 2025, Asean member states signed an enhanced Asean Power Grid memorandum of understanding, building on the original 2007 agreement. In 2025, Asean member states signed an enhanced Asean Power Grid memorandum of understanding, building on the original 2007 agreement. https://www.businesstimes.com.sg/events-awards/sustainability-impact-awards/asean-must-balance-energy-security-sustainability-power-its-future-say-panellists-bt-uob The Business Times en 2026-05-21T07:00:00+08:00 Asean must balance energy security with sustainability to power its future, say panellists at BT-UOB Sustainability Impact Dialogue https://cassette.sphdigital.com.sg/image/businesstimes/cb766713906ca473858dca81f19ffbba0f9ab7866f7dcd0997875d76a2266cef From left: Melissa Moi, head of sustainable business, UOB; Puah Kok Keong, chief executive, Energy Market Authority (EMA); Joshua Ngu, vice chairman for Asia Pacific, Wood Mackenzie. From left: Moderator Melissa Moi, head of sustainable business at UOB, and panellists Puah Kok Keong, chief executive of the Energy Market Authority, and Joshua Ngu, vice-chairman for Asia-Pacific at Wood Mackenzie. https://www.businesstimes.com.sg/opinion-features/does-singapore-have-shot-setting-another-raffles-hotel The Business Times en 2026-05-21T07:00:00+08:00 Does Singapore have a shot at setting up another Raffles Hotel? https://cassette.sphdigital.com.sg/image/businesstimes/71160902ff1f03b7338442c2267c2b1a680ebcdf79c04dca95041e39764d8f1c Raffles Hotel's success illustrates that its heritage-rich past does have an advantage. Raffles Hotel's success illustrates that its heritage-rich past does have an advantage in this day and age, with modern luxury hotels being a dime a dozen. https://www.businesstimes.com.sg/international/asean/hormuz-crisis-makes-aseans-push-sustainable-aviation-fuel-more-urgent The Business Times en 2026-05-21T07:00:00+08:00 Hormuz crisis makes Asean’s push for sustainable aviation fuel more urgent https://cassette.sphdigital.com.sg/image/businesstimes/519f231f9f7ba11c892d5fcd515d532bc49211f0a4fa368506c94d9a590ff3d1 Asean could potentially produce up to 8.5 million barrels a day of the fuel by 2050, based on publicly available biomass and waste‑residue assessments. Asean could potentially produce up to 8.5 million barrels a day of sustainable aviation fuel by 2050, based on publicly available biomass and waste‑residue assessments. https://www.businesstimes.com.sg/opinion-features/india-iran-war-costs-sitting-still The Business Times en 2026-05-21T07:00:00+08:00 India on Iran war: the costs of sitting still https://cassette.sphdigital.com.sg/image/businesstimes/cbc5e9a5471feb16abd443b0a95b16f8ea1d9fdc09e4b6c943c81f3d5f9e2003 Indian Prime Minister Narendra Modi in Oslo on Tuesday. India has neither condemned the US-Israeli strikes nor played a meaningful mediator role. Its neutrality has been hard to miss. In response to India's strained petroleum reserves, Prime Minister Narendra Modi has asked Indians to drive less, work from home when possible, and ease off on gold purchases. https://www.businesstimes.com.sg/opinion-features/singapore-businesses-must-be-proactive-combat-rise-ai-enabled-fraud The Business Times en 2026-05-21T07:00:00+08:00 Singapore businesses must be proactive to combat rise of AI-enabled fraud https://cassette.sphdigital.com.sg/image/businesstimes/518c89f86fd614623329df565e1ba41a523d27749df9a098cb2db5b7a010fa17 The sophistication of social engineering scams using deepfake AI impersonation is evolving. The sophistication of social engineering scams using deepfake AI impersonation is evolving. https://www.businesstimes.com.sg/singapore/why-singapore-overtook-indonesia-become-s-e-asias-largest-stock-market-and-what-happens-next The Business Times en 2026-05-21T07:00:00+08:00 Why Singapore overtook Indonesia to become S-E Asia’s largest stock market – and what happens next  https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 The total market capitalisation of companies listed on the Singapore Exchange (SGX) has climbed to about US$644 billion, surpassing Indonesia’s stock market, which has fallen to about US$618 billion following a prolonged decline in Jakarta-listed shares, according to Bloomberg data as at May 19. Analysts say that the Singapore bourse is likely to retain its lead barring major shocks, given its improving market depth, regulatory stability and safe-haven status. https://www.businesstimes.com.sg/international/global/iran-reviewing-trumps-latest-proposal-ending-war-clock-ticks-ceasefire-us The Business Times en 2026-05-21T06:43:11+08:00 Iran reviewing Trump’s latest proposal on ending war, as clock ticks on ceasefire with US https://cassette.sphdigital.com.sg/image/businesstimes/3e8de5f9469aa8cf1a173109ab455181fd1de06d23a154b62a01e9ab6502d823 Iran has largely shut the Strait of Hormuz to all ships apart from its own since the US-Israeli attacks began on Feb 28, causing the biggest disruption to global energy supplies in history. Iran has largely shut the Strait of Hormuz to all ships apart from its own since the US-Israeli attacks began on Feb 28. https://www.businesstimes.com.sg/opinion-features/bond-yields-may-be-finally-baking-ai-world The Business Times en 2026-05-21T06:30:00+08:00 Bond yields may be finally baking in an AI world https://cassette.sphdigital.com.sg/image/businesstimes/e4b8b0584447b482001fa8e0b11c1c58cbb8c7b94528ef271f0c7ba8cef64e49 Humanoid robotics may lift economy-wide productivity more than other AI forecasts suggest – but it will also affect more jobs. Humanoid robotics may lift economy-wide productivity more than other AI forecasts suggest – but it will also affect more jobs. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rebounds-us-iran-peace-deal-uncertainty-and-inventory-drawdowns The Business Times en 2026-05-21T06:14:54+08:00 Oil rebounds on US-Iran peace deal uncertainty and inventory drawdowns https://cassette.sphdigital.com.sg/image/businesstimes/44df98f249e6b299a881961479ac6e3e264c2f81f2070c3a9b81b67be6af4a4d Iran on May 20 announced a new “Persian Gulf Strait Authority,” saying there would be a “controlled maritime zone” in the Strait of Hormuz. Iran on May 20 announced a new “Persian Gulf Strait Authority,” saying there would be a “controlled maritime zone” in the Strait of Hormuz. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-climbs-1-chip-stocks-rallying-nvidia-results The Business Times en 2026-05-21T06:02:28+08:00 Wall Street climbs 1% with chip stocks rallying before Nvidia results https://cassette.sphdigital.com.sg/image/businesstimes/fdb793860bd6c2390711b88f1df849ad49ddf3e475cf789a6e9da8f443334e79 The report from Nvidia is viewed as a window into whether the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector. The report from Nvidia is viewed as a window into whether the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector. https://www.businesstimes.com.sg/lifestyle/worlds-rarest-pasta-hidden-mountains-sardinia The Business Times en 2026-05-21T06:00:00+08:00 The world’s rarest pasta is hidden in the mountains of Sardinia https://cassette.sphdigital.com.sg/image/businesstimes/3e0b863bab792e1b9bc6cb47d11e4cc470a18b6b86fb24d5e34447efa511ade5 Hundreds of pilgrims set out from Nuoro, traversing over 32 km of mountainous terrain to the church of San Francesco di Lula in the village of Lula. Hundreds of pilgrims set out from Nuoro, traversing over 32 km of mountainous terrain to the church of San Francesco di Lula in the village of Lula. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-end-near-two-week-highs-defence-tech-boost The Business Times en 2026-05-21T05:40:27+08:00 European shares end near two-week highs on defence, tech boost https://cassette.sphdigital.com.sg/image/businesstimes/1f678221153e4deaa8b6d9ce7ec4e3512ca22178801674fdae395352afbc3bec The pan-European Stoxx 600 ended 1.6% higher at 620.29 points, with major indexes in the region, including Germany and France, up over 1.4% each. The pan-European Stoxx 600 ended 1.6% higher at 620.29 points, with major indexes in the region, including Germany and France, up over 1.4% each. https://www.businesstimes.com.sg/podcasts/how-fly-f1-drivers-pop-stars-and-billionaires The Business Times en 2026-05-21T05:00:00+08:00 How to fly like F1 drivers, pop stars and billionaires https://cassette.sphdigital.com.sg/image/businesstimes/81d416058d00d3e99ff7de44267718b4ab77d7a6164aa4a2b61e1fc53da741ed How does Singapore stand as a business aviation market and key air hub? How does Singapore stand as a business aviation market and key air hub? https://www.businesstimes.com.sg/international/barclays-ceo-says-uk-should-seek-ways-lower-cost-brexit The Business Times en 2026-05-21T00:11:20+08:00 Barclays CEO says UK should seek ways to lower cost of Brexit https://cassette.sphdigital.com.sg/image/businesstimes/09b9962304ae76dd527bd9ba1bcc91d050ba8f5b69e59bc62da4bf7372731656 Barclays CEO CS Venkatakrishnan.  said Brexit had a definite economic cost to the UK economy over the past decade. Barclays CEO CS Venkatakrishnan.  said Brexit had a definite economic cost to the UK economy over the past decade. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-ceos-ai-obsession-collides-warning-watchdogs The Business Times en 2026-05-20T23:43:19+08:00 Bank CEOs’ AI obsession collides with warning from watchdogs https://cassette.sphdigital.com.sg/image/businesstimes/94f1cb9ee99d1a88550046516f2ea3a5206964d250d1168ffeff100ef13edb94 HSBC Holdings, the UK’s largest lender, is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices. HSBC is looking into cutting around 20,000 jobs based on an assumption that AI will help it downsize its middle and back offices. https://www.businesstimes.com.sg/international/samsung-union-shelves-strike-plan-tentative-deal-yonhap-says The Business Times en 2026-05-20T22:55:13+08:00 Samsung union shelves strike plan on tentative deal, Yonhap says https://cassette.sphdigital.com.sg/image/businesstimes/73cdc23911fe6b7f8d176c07e4f825008820fe1ddd63134d06a539a1065adf92 A strike would have disrupted not just production but also complicated Samsung’s efforts to accelerate development of next-generation semiconductors. A strike would have disrupted not just production but also complicated Samsung’s efforts to accelerate development of next-generation semiconductors. https://www.businesstimes.com.sg/international/switzerland-wants-workers-retire-later-wont-force-them The Business Times en 2026-05-20T22:25:11+08:00 Switzerland wants workers to retire later but won’t force them https://cassette.sphdigital.com.sg/image/businesstimes/191cdb2dbd247bf8ea442d51173cfa8b38337582b7fb6cc915f4559187c3398f Due to Switzerland’s high wages, workers in the country have a special incentive to retire early, adding extra strain. Due to Switzerland’s high wages, workers in the country have a special incentive to retire early, adding extra strain. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/intuit-cut-17-global-jobs-streamline-operations-memo The Business Times en 2026-05-20T22:16:46+08:00 Intuit to cut 17% of global jobs to streamline operations: memo https://cassette.sphdigital.com.sg/image/businesstimes/6a8ef610d2a3bb6bed95fea9ddcdb65acd6040c71a937242021b02f96932e8f0 Over 140 tech companies have laid off more than 111,000 employees this year, according to Layoffs.fyi. Over 140 tech companies have laid off more than 111,000 employees this year, according to Layoffs.fyi. https://www.businesstimes.com.sg/companies-markets/sp-500-nasdaq-open-higher-chip-stocks-gain-ahead-nvidia-results The Business Times en 2026-05-20T21:44:33+08:00 S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results https://cassette.sphdigital.com.sg/image/businesstimes/142705143b8389f0a1f5d23db432cef114de9706525b558e35671209a8e0bc9e The Dow Jones Industrial Average fell 15.0 points, or 0.03 per cent, at the open to 49,348.83. The Dow Jones Industrial Average fell 15.0 points, or 0.03 per cent, at the open to 49,348.83. https://www.businesstimes.com.sg/property/us-mortgage-rates-rose-last-week-almost-two-month-high The Business Times en 2026-05-20T21:19:14+08:00 US mortgage rates rose last week to an almost two-month high https://cassette.sphdigital.com.sg/image/businesstimes/ca55553d9d299d7d74f7a70377915f490a6946970719bac13f9e236cbb4870fb Rising US mortgage rates threaten to spoil budding optimism about a pickup in housing activity. Rising US mortgage rates threaten to spoil budding optimism about a pickup in housing activity. https://www.businesstimes.com.sg/international/uk-inflation-slows-2-8-april The Business Times en 2026-05-20T21:18:23+08:00 UK inflation slows to 2.8% in April https://cassette.sphdigital.com.sg/image/businesstimes/50d226cc36cdfa043a2af987ee92c3bd45803d1a4387b4c99cab807806289ca7 The key question for the Bank of England's interest-rate setters is whether the expected rise in headline inflation creates longer-term price pressures in the economy. The key question for the Bank of England's interest-rate setters is whether the expected rise in headline inflation creates longer-term price pressures in the economy. https://www.businesstimes.com.sg/singapore/mas-revokes-bsquared-crypto-permit-over-serious-breaches The Business Times en 2026-05-20T20:48:23+08:00 MAS revokes Bsquared crypto permit over ‘serious breaches’ https://cassette.sphdigital.com.sg/image/businesstimes/db640c228cbcf24a32014493558e6d4645e783eb1be264e72a3f29c9daa78b90 Bsquared has provided false or misleading statements on multiple occasions in the time that it was licensed, MAS said. Bsquared has provided false or misleading statements on multiple occasions in the time that it was licensed, MAS said. https://www.businesstimes.com.sg/international/mango-father-son-rift-over-inheritance-cited-heir-bail-order The Business Times en 2026-05-20T20:21:45+08:00 Mango father-son rift over inheritance cited in heir bail order https://cassette.sphdigital.com.sg/image/businesstimes/65192522f1f4ca459c848b1b64c833157724d57b2ab73fb84b8b30716103deb7 Jonathan Andic's lawyers said that the “homicide theory is unfounded” and that it “stigmatises an innocent man.” Jonathan Andic's lawyers said that the “homicide theory is unfounded” and that it “stigmatises an innocent man.” https://www.businesstimes.com.sg/international/indian-central-bank-intervenes-rupee-drops-record-low The Business Times en 2026-05-20T20:15:06+08:00 Indian central bank intervenes as rupee drops to record low https://cassette.sphdigital.com.sg/image/businesstimes/fb3df26dbcf5c2ceb2def3673be1c6476696e57b5bf0684852f2bd040e262b16 The Reserve Bank of India sold small amounts of US dollars in the onshore currency market to shore up the rupee. The Reserve Bank of India sold small amounts of US dollars in the onshore currency market to shore up the rupee. https://www.businesstimes.com.sg/companies-markets/former-ocbc-trading-rep-ex-gm-sasseur-reit-affiliate-found-guilty-trading-offences The Business Times en 2026-05-20T20:11:40+08:00 Former OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences  https://cassette.sphdigital.com.sg/image/businesstimes/2c001acb9069174b7d4c2845bbc9982f353647bb1eb8b86acab79d2235c91902 The cases had been jointly investigated by MAS and the Commercial Affairs Department of the Singapore Police Force, following referrals from SGX. The cases were investigated by the Monetary Authority of Singapore and the Commercial Affairs Department following referrals from Singapore Exchange. https://www.businesstimes.com.sg/international/chatbots-struggle-news-accuracy-and-sourcing-ahead-us-midterms The Business Times en 2026-05-20T20:09:55+08:00 Chatbots struggle with news accuracy and sourcing ahead of US midterms https://cassette.sphdigital.com.sg/image/businesstimes/3146a0d7049df2188c22c748d6135d58f6759d69898478478be28696def456eb Researchers found that the collective answers about elections, in particular, “failed on accuracy, bias, or source selection 90 per cent of the time." Researchers found that the collective answers about elections, in particular, “failed on accuracy, bias, or source selection 90 per cent of the time." https://www.businesstimes.com.sg/international/global/china-signals-it-will-accept-some-us-tariff-increase-talks The Business Times en 2026-05-20T19:24:35+08:00 China signals it will accept some US tariff increase in talks https://cassette.sphdigital.com.sg/image/businesstimes/941e7e9c7319b121bb28e317c9fb16158959e9c66ed5e7d0d151e532a6a2f345 The Commerce Ministry in Beijing has confirmed that the Board of Trade will seek to cut tariffs on at least US$30 billion worth of goods. The Commerce Ministry in Beijing has confirmed that the Board of Trade will seek to cut tariffs on at least US$30 billion worth of goods. https://www.businesstimes.com.sg/esg/convergence-energy-security-and-climate-action-fragile-ravi-menon The Business Times en 2026-05-20T19:18:25+08:00 Convergence of energy security and climate action is ‘fragile’: Ravi Menon https://cassette.sphdigital.com.sg/image/businesstimes/d49fefd131753219f17b068fbf81a69d63381e034c0004be31d54a2a7057b335 Ravi Menon, Singapore’s Ambassador for Climate Action and Senior Adviser (National Climate Change Secretariat), speaking at Ecosperity Week on May 20, 2026. Ravi Menon, Singapore’s ambassador for climate action and senior adviser to the National Climate Change Secretariat, at Ecosperity Week, Temasek’s flagship sustainability conference. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-may-202 The Business Times en 2026-05-20T18:45:00+08:00 Daily Debrief: What Happened Today (May 20) https://cassette.sphdigital.com.sg/image/businesstimes/534989dd09c6d78a42fdd3857d64f495a8907976cbfa66af14c4cb43d2bbd669 Denise Dresser, chief revenue officer at OpenAI, says Singapore has a "forward-leaning environment" and strong appetite for AI products. Denise Dresser, chief revenue officer at OpenAI, says Singapore has a "forward-leaning environment" and strong appetite for AI products. https://www.businesstimes.com.sg/property/uk-house-price-growth-grinds-halt-after-loan-costs-surge The Business Times en 2026-05-20T18:44:07+08:00 UK house-price growth grinds to a halt after loan costs surge https://cassette.sphdigital.com.sg/image/businesstimes/529c08496c64914acd5a0646920a44cf6f68b171c0be8388432eecbb07c54871 The average value of a home was £268,000 (S$459,450) in March, unchanged from a year earlier. The average value of a home was £268,000 (S$459,450) in March, unchanged from a year earlier. https://www.businesstimes.com.sg/property/cdls-singapore-property-sales-fall-s609-6-million-q1-global-hotel-revpar-rises-4-3 The Business Times en 2026-05-20T18:27:45+08:00 CDL’s Singapore property sales fall to S$609.6 million in Q1, global hotel RevPAR rises 4.3% https://cassette.sphdigital.com.sg/image/businesstimes/2fb1a45fbefb18288bd48c0c60fc8aa15060a503e240885edfa05f99ab4a25d7 The sales were predominantly driven by the launch of its 246-unit freehold Newport Residences in January. CDL maintains cash reserves of S$2.1 billion, supported by S$4.3 billion in cash and undrawn committed credit facilities. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-end-lower-amid-downbeat-regional-showing-sti-down-0-5 The Business Times en 2026-05-20T18:14:43+08:00 Singapore stocks end lower amid downbeat regional showing; STI down 0.5% https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 Across the broader market, gainers were outnumbered by losers 258 to 344, after 1.6 billion securities worth S$2.3 billion changed hands. Across the broader market gainers were outnumbered by losers 258 to 344, after 1.6 billion securities worth S$2.3 billion changed hands. https://www.businesstimes.com.sg/international/asean/grab-folds-indonesias-superbank-financial-services-segment-singtel-transfers-stake-gxs-bank The Business Times en 2026-05-20T18:09:26+08:00 Grab folds Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank https://cassette.sphdigital.com.sg/image/businesstimes/6d06f062254095946a754697b61602d9d082a27715909fc4cc704de38aa3a7dd Grab said the consolidation will deepen its financial services commitment in Indonesia, where the company sees a major opportunity for digital financial services. Superbank serves more than six million customers across Indonesia, with over a million transactions daily. https://www.businesstimes.com.sg/international/malaysia-coalition-stay-intact-until-term-ends-says-minister The Business Times en 2026-05-20T17:44:59+08:00 Malaysia coalition to stay intact until term ends, says minister https://cassette.sphdigital.com.sg/image/businesstimes/f2c1f52c58e74134a6f261563959f8264f9e13b1eaa7bdaa078ca7b267ccd046 Communications Minister Fahmi Fadzil's remarks are aimed at easing concerns over the stability of Prime Minister Anwar Ibrahim’s administration after he earlier raised the prospect of a snap general election. Communications Minister Fahmi Fadzil's remarks are aimed at easing concerns over the stability of Prime Minister Anwar Ibrahim’s administration after he earlier raised the prospect of a snap general election. https://www.businesstimes.com.sg/opinion-features/yeos-tiger-beer-and-now-gardenia-flight-food-manufacturing-singapore-might-be-just-planned The Business Times en 2026-05-20T17:42:40+08:00 Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned https://cassette.sphdigital.com.sg/image/businesstimes/a65ae9a577919c25d38236116533308664c1e0c98238a6d3b9e998eb5a4246f6 The departure of food manufacturing operations from Singapore may not necessarily be reason for concern. The departure of food manufacturing operations from Singapore may not necessarily be reason for concern. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/nestle-and-danone-face-fresh-scrutiny-over-infant-formula-recalls The Business Times en 2026-05-20T17:35:05+08:00 Nestle and Danone face fresh scrutiny over infant formula recalls https://cassette.sphdigital.com.sg/image/businesstimes/e492804a02e3f1d93e828fb5c8c0c7efe6fc5bb00a6b571141a891e57787a009 The investigation said Nestle had delayed alerting European authorities about the presence of cereulide, a toxin. The investigation said Nestle had delayed alerting European authorities about the presence of cereulide, a toxin. https://www.businesstimes.com.sg/opinion-features/collapse-m1-simba-deal-reveals-chinks-singapores-cursed-telco-consolidation-dream The Business Times en 2026-05-20T17:13:36+08:00 Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream https://cassette.sphdigital.com.sg/image/businesstimes/24fdd4dd2f5803d400362b51d4ab4d9f9d816bf365f1b8eef18f193c1957d7aa Simba triggered a race to the bottom when it entered the market with aggressive price-war tactics. Simba triggered a race to the bottom when it entered the market with aggressive price-war tactics. https://www.businesstimes.com.sg/property/us-pending-home-sales-increase-further-higher-mortgage-rates-remain-constraint The Business Times en 2026-05-20T16:50:25+08:00 US pending home sales increase further; higher mortgage rates remain a constraint https://cassette.sphdigital.com.sg/image/businesstimes/6086560262cb2afb17caf17ca1ff316b8103af42d27c913ac04bae8e7e6cdf66 The pending home sales index rose 1.4 per cent last month to 74.8, the National Association of Realtors said on Tuesday. The pending home sales index rose 1.4 per cent last month to 74.8, the National Association of Realtors said on Tuesday. https://www.businesstimes.com.sg/singapore/singapore-and-world-bank-team-launch-carbon-markets-programme The Business Times en 2026-05-20T16:44:00+08:00 Singapore and World Bank team up to launch carbon markets programme https://cassette.sphdigital.com.sg/image/businesstimes/0e2b6f7b169ba7c5eaf6da4002933c56732e6ee35d635a6e903a736e91db4c26 Singapore implemented a carbon tax in 2019, and has developed an ecosystem of carbon-market players, service providers and exchanges. Singapore implemented a carbon tax in 2019, and has developed an ecosystem of carbon-market players, service providers and exchanges. https://www.businesstimes.com.sg/companies-markets/banking-finance/stanchart-ceo-reassures-staff-after-lower-value-human-backlash The Business Times en 2026-05-20T16:39:32+08:00 StanChart CEO reassures staff after ‘lower-value human’ backlash https://cassette.sphdigital.com.sg/image/businesstimes/cf4bfcd2370948e08de44dde1ffbd9fb2cb773937b38a32a92d155576ce4f0c6 In his Wednesday memo to employees, StanChart CEO Bill Winters adopted a more empathetic tone. In his Wednesday memo to employees, StanChart CEO Bill Winters adopted a more empathetic tone. https://www.businesstimes.com.sg/singapore/commercial-vehicle-coe-premium-5-4-record-high-s92223 The Business Times en 2026-05-20T16:30:28+08:00 Commercial vehicle COE premium up 5.4% at record high of S$92,223 https://cassette.sphdigital.com.sg/image/businesstimes/2b270b73cf10bb48991db62fb5d6578c4bbb0937e1232d15ec290cacbaf28933 Demand for electric heavy commercial vehicles have driven the Certificate of Entitlement premium to new heights, say industry figures. Demand for electric heavy commercial vehicles has driven the Certificate of Entitlement premium to new heights, say industry observers. https://www.businesstimes.com.sg/international/prabowo-unveils-ambitious-growth-and-fiscal-deficit-targets-seeks-magnificent-prosperity The Business Times en 2026-05-20T16:13:53+08:00 Prabowo unveils ambitious growth and fiscal deficit targets, seeks 'magnificent prosperity' https://cassette.sphdigital.com.sg/image/businesstimes/27ad3b4ac0fd8fff5921fc741e1c9154025bfaad2e0efe4f56bb8ee4bf0190a7 “If we stay united and work together, private companies, SMEs, governments, regional or central, everyone has same calling – we can create magnificent prosperity,” Prabowo said. “If we stay united and work together, private companies, SMEs, governments, regional or central, everyone has same calling – we can create magnificent prosperity,” Prabowo said. https://www.businesstimes.com.sg/international/asean/indonesia-central-bank-delivers-hefty-interest-rate-rise-it-looks-stem-battered-rupiahs-fall The Business Times en 2026-05-20T16:02:28+08:00 Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall https://cassette.sphdigital.com.sg/image/businesstimes/1b4265408336ea5ac0c75d6f9994b21c7a4c85ccf2adc732b0745bcfc2e98442 Governor Perry Warjiyo told an online press conference that the policy rate decision is consistent with efforts to support the rupiah. Governor Perry Warjiyo told an online press conference that the increase is a further step to strengthen the stabilisation of the rupiah exchange rate. https://www.businesstimes.com.sg/companies-markets/energy-commodities/singapore-be-early-entrant-nuclear-fusion-supply-chain-star-us-startup-deal The Business Times en 2026-05-20T16:00:00+08:00 Singapore to be ‘early entrant’ in nuclear fusion supply chain with A*Star, US startup deal https://cassette.sphdigital.com.sg/image/businesstimes/63d48582d1ec65c52d57def6c62ec81c505445fdd2176c7d9d318f625634d8b6 A*Star and CFS will also work on potential applications for the aerospace industry and other advanced engineering sectors. A*Star and CFS will also work on potential applications for the aerospace industry and other advanced engineering sectors. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-end-below-key-8500-level-price-pressures-keep-sentiment-muted The Business Times en 2026-05-20T15:56:17+08:00 Australian shares end below key 8,500 level as price pressures keep sentiment muted https://cassette.sphdigital.com.sg/image/businesstimes/71c9ac7cadfe075cdbbd0631db6d9a9c36b8bcae483cc52fa944584ad1253935 The S&P/ASX 200 index closed 1.3 per cent lower at 8,496.60 points on Wednesday. The S&P/ASX 200 index closed 1.3 per cent lower at 8,496.60 points on Wednesday. https://www.businesstimes.com.sg/international/global/ai-bots-are-coming-and-young-are-booing-not-applauding The Business Times en 2026-05-20T15:38:29+08:00 The AI bots are coming and the young are booing, not applauding https://cassette.sphdigital.com.sg/image/businesstimes/4258e3d6d04a4dd3eb94f9a03c80fa76d1e3fb1540e862f9717362c203d70ced Many tech firms are cutting staff, citing AI. Many tech firms are cutting staff, citing AI. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-dip-middle-east-caution-lingers The Business Times en 2026-05-20T15:37:49+08:00 European shares dip as Middle East caution lingers https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 dipped 0.2 per cent to 610.37 points, as of 0701 GMT on Wednesday. The Stoxx 600 dipped 0.2 per cent to 610.37 points, as of 0701 GMT on Wednesday. https://www.businesstimes.com.sg/companies-markets/japans-nikkei-ends-near-three-week-low-ai-stock-selloff-weighs The Business Times en 2026-05-20T15:23:12+08:00 Japan's Nikkei ends near three-week low as AI-stock selloff weighs https://cassette.sphdigital.com.sg/image/businesstimes/1bc1b70ee68f0f622a980d4fbc3eb4167066e1a3370555126d515a6459e3a700 The Nikkei slipped 1.23 per cent to 59,804.41, its lowest close since May 1. The Nikkei slipped 1.23 per cent to 59,804.41, its lowest close since May 1. https://www.businesstimes.com.sg/international/asean/indonesias-tighter-commodity-export-control-raises-concerns-over-margin-pressure-producers The Business Times en 2026-05-20T15:12:32+08:00 Indonesia’s tighter commodity export control raises concerns over margin pressure for producers https://cassette.sphdigital.com.sg/image/businesstimes/213fe19fbe73bef54e7b7146e1e30f995b82533608a4adbfd5ac562f285175fb FILE PHOTO: A farmer harvests oil palm fruit at the Melati Hanjalipan cooperative plantation in Hanjalipan village, East Kotawaringin, Central Kalimantan province, Indonesia, July 22, 2025. REUTERS/Ajeng Dinar Ulfiana/File Photo The sharp reaction in commodity stocks reflects broader investor anxiety about potentially stronger state intervention. https://www.businesstimes.com.sg/international/global/singapore-asian-nations-step-ebola-screening-after-who-declares-global-health-emergency The Business Times en 2026-05-20T15:10:01+08:00 Singapore, Asian nations step up Ebola screening after WHO declares global health emergency https://cassette.sphdigital.com.sg/image/businesstimes/b7edbf923bebfdccedbb8527717d0d9d6662b3ffce14674a0087227a8e049743 More than 540 suspected cases and dozens of deaths linked to Ebola have been reported since the outbreak started in late April. More than 540 suspected cases and dozens of deaths linked to Ebola have been reported since the outbreak started in late April. https://www.businesstimes.com.sg/singapore/smes/brewing-success-how-three-brothers-turned-brewerkz-groups-fortunes-around The Business Times en 2026-05-20T15:00:00+08:00 Brewing success: How three brothers turned Brewerkz Group’s fortunes around https://cassette.sphdigital.com.sg/image/businesstimes/9e95ee7394fef72119dfaf4fb0620ef221a8dbddf5d572ed98a2d54e5f50f5cb From left: Brothers Tan Wee Tuck, Wee Han and Wee Lee at the Enterprise 50 Awards ceremony. From left: Brothers Tan Wee Tuck, Wee Han and Wee Lee at the Enterprise 50 Awards ceremony in 2024, where Brewerkz was one of the winners. https://www.businesstimes.com.sg/events-awards/design-ai-and-tech-awards/gallery/2026-final-award-presentation The Business Times en 2026-05-20T14:49:06+08:00 2026 Final Award Presentation https://www.businesstimes.com.sg/singapore/singapore-welcomes-competition-ai-leadership-not-zero-sum-game-gan-kim-yong The Business Times en 2026-05-20T14:38:55+08:00 Singapore welcomes competition for AI leadership; not a zero-sum game: Gan Kim Yong https://cassette.sphdigital.com.sg/image/businesstimes/724c891d8c9411621d9abeaa04cb03ea6c398601946a044ee6dfa2f06fa5f9a5 Asean can think about developing AI systems jointly, DPM Gan (left) says during a dialogue session with DBS CEO Tan Su Shan. Asean can think about developing AI systems jointly, said DPM Gan Kim Yong (left) at a dialogue session with DBS CEO Tan Su Shan. https://www.businesstimes.com.sg/lifestyle/food-drink/giving-us-heart-attacks-how-home-grown-brand-fought-competition-almost-40-years The Business Times en 2026-05-20T14:25:24+08:00 ‘Giving us heart attacks’: How a home-grown brand fought competition for almost 40 years https://cassette.sphdigital.com.sg/image/businesstimes/60c3a5cbea5b6df28eb2a2971d5f9d5bc5846ae909110d98f2ec50852d4d3c99 Mayer started with just one product – the air fryer. Mayer started with just one product – the air fryer. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/londons-global-healthcare-opportunities-and-singapore-based-cbc-group-merge-creating-investment The Business Times en 2026-05-20T14:20:59+08:00 London’s Global Healthcare Opportunities and Singapore-based CBC Group to merge creating investment giant: FT  https://cassette.sphdigital.com.sg/image/businesstimes/33ee89d8cfd67313104e515a925b6c9a182a06013cc00d7cd3f575dd8524fc4d "“This gives the healthcare sector the reason to be the most defensive sector," said Wei Fu, chief executive of CBC. "“This gives the healthcare sector the reason to be the most defensive sector," said Wei Fu, chief executive of CBC.