https://www.businesstimes.com.sg/singapore/shangri-la-dialogue-2026-unstable-world-crises-solutions-must-come-apac-says-vietnams-lam The Business Times en 2026-05-30T13:49:23+08:00 Shangri-La Dialogue 2026: In an unstable world of crises, solutions must come from Apac, says Vietnam’s To Lam https://cassette.sphdigital.com.sg/image/businesstimes/b52854ea387995e1242bc39b59541c149c178de7728101ceb4b928a7b159db96 US-China rivalry leaves South-east Asian countries potentially caught in between, said Vietnamese President To Lam at the 23rd Shangri-La Dialogue on May 29. US-China rivalry leaves South-east Asian countries potentially caught in between, said Vietnamese President To Lam at the 23rd Shangri-La Dialogue on May 29. https://www.businesstimes.com.sg/companies-markets/meta-plans-ai-pendant-wearables-work-hardware-boost-information-reports The Business Times en 2026-05-30T12:42:17+08:00 Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports https://cassette.sphdigital.com.sg/image/businesstimes/2f9446994fd7cb41fe3675fceacf04be3fccc9ec98815bd507fcf22e2116549c FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo Meta plans to significantly expand its AI glasses selection and add a business-focused wearables service, according to a report by The Information on May 29. https://www.businesstimes.com.sg/singapore/shangri-la-dialogue-2026-us-hegseth-hails-asian-partners-boosting-security-spending-omits-taiwan The Business Times en 2026-05-30T10:51:26+08:00 Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending; omits Taiwan in roll call https://cassette.sphdigital.com.sg/image/businesstimes/4f0cc3ad490d7f5bdaaf9ce52e7923d89fe08387a534d23ffbfbde10e5ac5a07 Hegseth listed Australia, Indonesia, Japan, Malaysia, the Philippines, South Korea, Singapore, Thailand, Vietnam among those that are stepping up. Hegseth listed Australia, Indonesia, Japan, Malaysia, the Philippines, South Korea, Singapore, Thailand, Vietnam among those that are stepping up. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-coffee-beans-traders-singapore-find-ways-deal-middle-east-disruptions The Business Times en 2026-05-30T10:07:50+08:00 From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions https://cassette.sphdigital.com.sg/image/businesstimes/c694f64604e52dc410b57176c02b3eb94325a26199ba9b4e17f61f67fc464358 FILE PHOTO: An employee fills a bag with Arabica roasted coffee beans in a coffee roasting shop in Paris, France, November 28, 2024. REUTERS/Stephanie Lecocq/File Photo Some traders posted strong gains linked to the Iran conflict, reinforcing expectations that continued market volatility could boost their profits. https://www.businesstimes.com.sg/companies-markets/yum-exclusive-talks-sell-pizza-hut-longrange The Business Times en 2026-05-30T09:39:42+08:00 Yum is in exclusive talks to sell Pizza Hut to LongRange https://cassette.sphdigital.com.sg/image/businesstimes/05a5631bd007910bdf9d781f9d48d56cabb72efcd09dca2c1431209cd0cae186 Yum said last year that it was conducting a strategic review of Pizza Hut after years of trying to revive the restaurant chain, whose sales have been stagnant. Yum said last year that it was conducting a strategic review of Pizza Hut after years of trying to revive the restaurant chain, whose sales have been stagnant. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-hopes-us-iran-ceasefire-agreement The Business Times en 2026-05-30T09:06:35+08:00 Oil falls on hopes for US-Iran ceasefire agreement https://cassette.sphdigital.com.sg/image/businesstimes/02ae5fc224e5fd21a2ab72577cef85f679588a3c85557545008e619c4f787c35 Brent crude futures for July, which expired on Friday, settled at US$92.05 a barrel, down US$1.66, or 1.8 per cent. The US-Iran war has been marked by chatter of an impending end to the conflict that would open the Strait of Hormuz, used to transit one-fifth of global oil and gas. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-secure-monthly-gains-middle-east-peace-hopes The Business Times en 2026-05-30T08:51:07+08:00 European shares secure monthly gains on Middle East peace hopes https://cassette.sphdigital.com.sg/image/businesstimes/897c36f23ff032f05966b2164e4827789c5fbf4a54e248306ea5b4864db4a1af The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 26, 2026. REUTERS/staff The market optimism followed reports that US President Donald Trump was weighing an initial US-Iranian agreement. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-extend-win-streak-peace-deal-hopes-ai-excitement The Business Times en 2026-05-30T08:36:58+08:00 US stocks extend win streak on peace deal hopes, AI excitement https://cassette.sphdigital.com.sg/image/businesstimes/a937ea1434b5c023847f81bb3debee3a165ceda0ddcbed279f3b8e26ed68a721 The S&P 500 Index closed 0.2 per cent higher, capping off its ninth-straight week of gains, a streak matched just four times since 1985. The S&P 500 Index closed 0.2 per cent higher, capping off its ninth-straight week of gains, a streak matched just four times since 1985. https://www.businesstimes.com.sg/opinion-features/ebola-science-moving-fast-it-might-not-be-enough The Business Times en 2026-05-30T07:00:00+08:00 Ebola science is moving fast; it might not be enough https://cassette.sphdigital.com.sg/image/businesstimes/774b5baa2a0be29104b39d59b1d33462950fa6cfe66ea307e2f0c49bafceea41 Locals wash their hands at a check point set up for preventive measures against the spread of Ebola in the Democratic Republic of Congo. Locals washing their hands at a checkpoint set up for preventive measures against the spread of Ebola in the Democratic Republic of Congo. https://www.businesstimes.com.sg/companies-markets/mm2-asia-h2-net-loss-widens-s166-6-million-amid-fair-value-losses The Business Times en 2026-05-29T22:47:24+08:00 mm2 Asia H2 net loss widens to S$166.6 million amid fair-value losses https://cassette.sphdigital.com.sg/image/businesstimes/15d8d4431ebbeb2e5a5ccf907c5bff4a62abdb4d32f8ee4751544478389cf9ba The group did not declare a dividend for the second half ended Mar 31, 2026. Mm2 Asia says material uncertainties remain in relation to the outcome and timing of its restructuring exercises, funding initiatives and overall recovery plans. https://www.businesstimes.com.sg/companies-markets/energy-commodities/quarter-large-oil-tankers-trapped-iran-war-have-escaped The Business Times en 2026-05-29T22:47:17+08:00 A quarter of large oil tankers trapped by Iran war have escaped https://cassette.sphdigital.com.sg/image/businesstimes/3355ee1b6bb2b3ddf428d2c3ab9544213c8e351ece2d6ed531662ff9a1b8d056 The crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, Daesan port, Seosan, South Korea, May 8, 2026. The crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, Daesan port, Seosan, South Korea, May 8, 2026. https://www.businesstimes.com.sg/companies-markets/banking-finance/feds-bowman-says-too-soon-judge-inflation-impact-iran-war The Business Times en 2026-05-29T22:16:38+08:00 Fed’s Bowman says too soon to judge inflation impact of Iran war https://cassette.sphdigital.com.sg/image/businesstimes/191d9c75007b61f8efdd4003473287d69b9899a67a2814b088f377e35799d48a Federal Reserve Vice Chair for Supervision Michelle Bowman cautioned that the longer the Iran war persists, the greater the potential for a bigger inflation hit. Federal Reserve Vice Chair for Supervision Michelle Bowman cautioned that the longer the Iran war persists, the greater the potential for a bigger inflation hit. https://www.businesstimes.com.sg/international/vietnams-lam-says-military-power-alone-cant-ensure-security The Business Times en 2026-05-29T22:06:50+08:00 Vietnam’s To Lam says military power alone can’t ensure security https://cassette.sphdigital.com.sg/image/businesstimes/b52854ea387995e1242bc39b59541c149c178de7728101ceb4b928a7b159db96 Vietnam's top leader To Lam has called for reinforcing international law, setting up inclusive and sustainable growth drivers, as well as initiating dialogue and transparency. To Lam laid out his vision of a regional order to hundreds of delegates at the Shangri-La Dialogue in Singapore on Friday. https://www.businesstimes.com.sg/companies-markets/wall-st-edges-higher-open-mideast-deal-updates-focus The Business Times en 2026-05-29T21:45:30+08:00 Wall St edges higher at open with Mideast deal updates in focus https://cassette.sphdigital.com.sg/image/businesstimes/36edd2d152ff7ead379be234b754f3559058d6178682e18488226e8a706f8aed The S&P 500 rose 15.7 points, or 0.21 per cent, at the open to 7,579.33​, while the Nasdaq Composite rose 43.4 points, or 0.16 per cent, to 26,960.84 at the opening bell. The S&P 500 rose 15.7 points, or 0.21 per cent, at the open to 7,579.33​, while the Nasdaq Composite rose 43.4 points, or 0.16 per cent, to 26,960.84 at the opening bell. https://www.businesstimes.com.sg/international/us-merchandise-trade-deficit-narrows-rise-exports The Business Times en 2026-05-29T21:24:45+08:00 US merchandise-trade deficit narrows on rise in exports https://cassette.sphdigital.com.sg/image/businesstimes/06c7978b44306e541d89c6519931ebe6fefb318aeda057121553ff2e178f21be US exports of goods increased 4 per cent in April. US exports of goods increased 4 per cent in April. https://www.businesstimes.com.sg/companies-markets/concord-new-energy-sell-s158-2-million-assets-industrial-bank-financial-leasing The Business Times en 2026-05-29T21:22:03+08:00 Concord New Energy to sell S$158.2 million in assets to Industrial Bank Financial Leasing https://cassette.sphdigital.com.sg/image/businesstimes/4f07223d14dda976aac7196a7c15487333878bca41fe2ffe5550caccf1f31a56 CNE vice-president Mike Luo previously told The Business Times that investors should view the company as operating at the intersection of artificial intelligence and the physical world. CNE vice-president Mike Luo previously told BT that investors should view the company as operating at the intersection of AI and the physical world. https://www.businesstimes.com.sg/singapore/singtel-signs-s1-5-billion-credit-facility-diverse-lender-pool The Business Times en 2026-05-29T21:21:04+08:00 Singtel signs S$1.5 billion credit facility from diverse lender pool https://cassette.sphdigital.com.sg/image/businesstimes/aac5066e4ba99853600ceb3a88b2ca409f4f265640dfc4f4402bd617be1a2c09 The agreement comes as Singtel shuffles around capital, having laid out a S$3 billion capital spending plan for 2027, of which S$1.2 billion would be allocated to data centres and AI-related purposes. The agreement comes as Singtel shuffles around capital, having laid out a S$3 billion capital spending plan for 2027, of which S$1.2 billion would be allocated to data centres and artificial intelligence-related purposes. https://www.businesstimes.com.sg/international/indonesia-and-india-intervene-prop-weakening-currencies The Business Times en 2026-05-29T21:05:52+08:00 Indonesia and India intervene to prop up weakening currencies https://cassette.sphdigital.com.sg/image/businesstimes/3a7ceceb612bb90d573eb00a80c87e30ac3f9b34406f496ba6de5116fb5f2bd8 Bank Indonesia said on Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock”. Bank Indonesia said on Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock”. https://www.businesstimes.com.sg/international/inflation-above-ecb-comfort-zone-top-economies-backs-hike The Business Times en 2026-05-29T21:00:30+08:00 Inflation above ECB comfort zone in top economies backs hike https://cassette.sphdigital.com.sg/image/businesstimes/274e6a1a708d494ca54c45fee5ea061053469d0f1e6ed5ce809f91aa250b855d Markets are all but sure that rates will be raised, maintaining bets on a quarter-point hike next month and another by year-end. Markets are all but sure that rates will be raised, maintaining bets on a quarter-point hike next month and another by year-end. https://www.businesstimes.com.sg/companies-markets/banking-finance/feds-schmid-says-officials-must-signal-commitment-inflation The Business Times en 2026-05-29T20:31:20+08:00 Fed’s Schmid says officials must signal commitment to inflation https://cassette.sphdigital.com.sg/image/businesstimes/465eb0c1a559bbe607cf31270a7ec95ea7c1ebc7bcbb5ad8f6699b913c4acd38 Federal Reserve Bank of Kansas City President Jeff Schmid speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 29, 2026. Federal Reserve Bank of Kansas City President Jeff Schmid speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 29, 2026. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-sk-rally-sparks-forced-selling-funds-hit-limits The Business Times en 2026-05-29T20:25:07+08:00 Samsung, SK rally sparks forced selling as funds hit limits https://cassette.sphdigital.com.sg/image/businesstimes/50b1331f36af395182f9201945499a4947fe1fafaf26ad2e6eebaf3bddaa164f Over the past year, Samsung has jumped more than 400% while SK Hynix has gained over 1,000%. Over the past year, Samsung has jumped more than 400% while SK Hynix has gained over 1,000%. https://www.businesstimes.com.sg/newsletters/esg-insights/issue-196-ais-complex-role-sustainability-keppels-emissions-targets The Business Times en 2026-05-29T19:00:00+08:00 Issue 196: AI’s complex role in sustainability; Keppel’s emissions targets https://cassette.sphdigital.com.sg/image/businesstimes/4bad4b40dfb13aada10d19b905638199ce3cfa885da9e32cda6f9e9a28503bd9 Data centres are buying substantial new renewable and nuclear electricity, but fossil fuels remain their largest source of new generation. Data centres are buying substantial new renewable and nuclear electricity, but fossil fuels remain their largest source of new generation. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-end-higher-amid-mixed-regional-showing-sti-1 The Business Times en 2026-05-29T18:55:28+08:00 Singapore stocks end higher amid mixed regional showing; STI up 1% https://cassette.sphdigital.com.sg/image/businesstimes/4a8b483f143c0637b312f8d315b3eae40f90efa7a0d7fba29c58b541fc5c5979 The benchmark Straits Times Index gains 1 per cent or 48.67 points to close at 5,037.86. The benchmark Straits Times Index gains 48.67 points to close at 5,037.86. https://www.businesstimes.com.sg/international/asean/philippine-court-orders-arrest-senator-over-graft-scandal The Business Times en 2026-05-29T18:50:26+08:00 Philippine court orders arrest of senator over graft scandal https://cassette.sphdigital.com.sg/image/businesstimes/c40a65c80b769efd22c57e41a85d2028f03b1af45f1f5e1ba7811dc9f50c81cd Jinggoy Estrada denied the allegations against him in a statement on his Facebook page, and added that he is hoping for a fair trial Jinggoy Estrada denied the allegations against him in a statement on his Facebook page, and added that he is hoping for a fair trial https://www.businesstimes.com.sg/companies-markets/jumbo-seafood-close-flagship-east-coast-seafood-centre-outlet-sep-30 The Business Times en 2026-05-29T18:39:58+08:00 Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30 https://cassette.sphdigital.com.sg/image/businesstimes/15bdc458f2d45d0ca58d795a6e1f3a3826694100f87c6cd9f4964876333de838 Established in 1987, the outlet contributes around 14 per cent of the group’s revenue and is the first location opened by the food and beverage chain. Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park. https://www.businesstimes.com.sg/international/asean/singapore-vietnam-need-shared-model-engage-businesses-academia-tech-cooperation-says-lam The Business Times en 2026-05-29T18:27:25+08:00 Singapore, Vietnam need shared model to engage businesses, academia in tech cooperation, says To Lam https://cassette.sphdigital.com.sg/image/businesstimes/fbf7b6478cd9997b7ff9ba189958c22f3f84856688571ffad891ee9df50dc7dd (From left) Vietnam's Minister of Science and Technology, Vu Hai Quan; Vietnam's Communist Party chief and state President To Lam; Singapore’s Minister for Manpower and Minister-in-charge of Energy and Science and Technology, Tan See Leng; and Vietnam's Foreign Minister Le Hoai Trung at the Vietnam-Singapore Tech Connect Forum. From left: Vietnam's Minister of Science and Technology, Vu Hai Quan; Vietnam's Communist Party chief and state President To Lam; Singapore’s Minister for Manpower and Minister-in-charge of Energy and Science and Technology, Tan See Leng; and Vietnam's Foreign Minister Le Hoai Trung at the Vietnam-Singapore Tech Connect Forum. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-may-292 The Business Times en 2026-05-29T18:17:01+08:00 Daily Debrief: What Happened Today (May 29) https://cassette.sphdigital.com.sg/image/businesstimes/9606d0242bb93ce3d74b485960b32115351fdb0b904a050a25db6c3b6cff9b4e Seatrium also completed 46 vessel repairs and upgrades during the quarter, comprising one floating storage regasification unit (FSRU) conversion, five liquefied natural gas carriers, seven cruise vessels, 10 offshore vessels, and four naval vessels. More than 95% of Seatrium's net order book comprises "series-build" projects. https://www.businesstimes.com.sg/international/taiwan-brokerages-seek-us1-4-billion-loans-adding-rush The Business Times en 2026-05-29T18:08:58+08:00 Taiwan brokerages seek US$1.4 billion of loans, adding to rush https://cassette.sphdigital.com.sg/image/businesstimes/7c8b765393d57a55e20b1515934e1e58b2e91128d201b306c6f3cf1a1fd0014c Taiwan's stock market has been made the fifth largest in the world by the AI boom boosting tech companies. Taiwan's stock market has been made the fifth largest in the world by the AI boom boosting tech companies. https://www.businesstimes.com.sg/lifestyle/world-cup-swansong-argentinas-messi-go-full-throttle-retain-crown The Business Times en 2026-05-29T18:05:01+08:00 In World Cup swansong, Argentina’s Messi to go full throttle to retain crown https://cassette.sphdigital.com.sg/image/businesstimes/a426155c9734e7d5e67db0c77ba38c7561032df06da1879e49af41b1bed4cefb Lego designer Freddy Charters holding up a minifigure of Lionel Messi in Billund, Denmark. Argentina's captain, who will turn 39 in a few weeks’ time, is facing a race against time to recover from a hamstring injury. Lego designer Freddy Charters holding up a minifigure of Lionel Messi in Billund, Denmark. Argentina's captain, who will turn 39 in a few weeks’ time, is facing a race against time to recover from a hamstring injury. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-englands-bailey-says-allowing-inflation-run-above-target-appropriate The Business Times en 2026-05-29T18:04:21+08:00 Bank of England’s Bailey says allowing inflation to run above target is appropriate https://cassette.sphdigital.com.sg/image/businesstimes/3f00993618260abe321f4f6beb9dfaefac7cdfb1c980e778fd7bc9057d32ebbf Bank of England Governor Andrew Bailey have previously signalled they are in no rush to raise borrowing costs. Bank of England Governor Andrew Bailey have previously signalled they are in no rush to raise borrowing costs. https://www.businesstimes.com.sg/lifestyle/2026-maxus-mifa-9-review-what-drive-when-wife-happens The Business Times en 2026-05-29T18:00:00+08:00 2026 Maxus Mifa 9 review: What to drive when wife happens https://cassette.sphdigital.com.sg/image/businesstimes/bb704c7b5e094a634db28bd7de47344aa54486d367a0c8b08ba5b342e9d14912 The Mifa 9 has a full-width LED light bar across the face that links the headlamps. The Mifa 9 has a full-width LED light bar across the face that links the headlamps. https://www.businesstimes.com.sg/property/shanda-co-founder-sells-tanglin-hill-bungalow-s76-million The Business Times en 2026-05-29T17:47:14+08:00 Shanda co-founder sells Tanglin Hill bungalow for S$76 million https://cassette.sphdigital.com.sg/image/businesstimes/eb6d6a5aaa726772f90086e5412849cd9310124091f72b407aaac32bbed30b92 House in Tanglin area The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft. https://www.businesstimes.com.sg/podcasts/ai-fueled-stock-surge-meets-oils-10-drop-energy-crisis-over The Business Times en 2026-05-29T17:46:00+08:00 AI-fueled stock surge meets oil’s 10% drop: Is the energy crisis over? https://cassette.sphdigital.com.sg/image/businesstimes/933458babe7dcf79929b6748003427c401694f7610e6e12002308e403a898687 How solid is the recent surge in global stock markets? How solid is the recent surge in global stock markets? https://www.businesstimes.com.sg/international/hong-kong-planning-tax-cuts-bonus-pay-lure-top-fund-managers-sources The Business Times en 2026-05-29T17:39:59+08:00 Hong Kong planning tax cuts on bonus pay to lure top fund managers: sources https://cassette.sphdigital.com.sg/image/businesstimes/af90539f5329f51cb11cc0d1147c35bef17c5faf81017e8a656c7637dde0882a Hong Kong has overtaken Switzerland as the world’s top cross-border wealth hub, in a ranking published by Boston Consulting Group. Hong Kong has overtaken Switzerland as the world’s top cross-border wealth hub, in a ranking published by Boston Consulting Group. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/japans-nikkei-scales-record-peak-mideast-ai-optimism The Business Times en 2026-05-29T17:06:37+08:00 Japan’s Nikkei scales record peak on Mideast, AI optimism https://cassette.sphdigital.com.sg/image/businesstimes/109eb7b3d46db97c0257e4201ec9cf52ab9664ee2d21ff021d72a5271cf30454 The Nikkei notched a lifetime-high close by climbing 2.5 per cent to 66,329.50 on Friday. The Nikkei notched a lifetime-high close by climbing 2.5 per cent to 66,329.50 on Friday. https://www.businesstimes.com.sg/opinion-features/pope-disrupts-silicon-valley The Business Times en 2026-05-29T17:00:00+08:00 The pope disrupts Silicon Valley https://cassette.sphdigital.com.sg/image/businesstimes/ffc0e6ac51836d3ecb196768715434328f231ea683fc2ad91fbb6533f1a3308a Pope Leo argues that AI is not morally neutral and must be designed within an ethical framework from its inception. Pope Leo argues that AI is not morally neutral and must be designed within an ethical framework from its inception. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/australian-shares-log-best-day-seven-weeks-gulf-peace-hopes The Business Times en 2026-05-29T16:50:12+08:00 Australian shares log best day in seven weeks on Gulf peace hopes https://cassette.sphdigital.com.sg/image/businesstimes/1c0e8d677719acd698c7c5122efbd3697e941d7785cbc72b0a6e7ba20048dfea The S&P/ASX 200 index rose 1.6 per cent to 8,731.70 in its largest single-day gain since April 8. The S&P/ASX 200 index rose 1.6 per cent to 8,731.70 in its largest single-day gain since April 8. https://www.businesstimes.com.sg/property/us-billionaire-fertitta-buys-caesars-us5-7-billion The Business Times en 2026-05-29T16:43:14+08:00 US billionaire Fertitta buys Caesars for US$5.7 billion https://cassette.sphdigital.com.sg/image/businesstimes/dc9f078c64925ccd880ce37100330240befe92fd57014587946ea3cd482f89cc FILE PHOTO: Caesars Palace Las Vegas Hotel and Casino is seen on the Las Vegas Strip in Las Vegas, Nevada, U.S. February 26, 2018. Picture taken February 26, 2018. REUTERS/Darrin Zammit Lupi/File Photo Caesars has lost market share at its regional properties and has been hit with fewer visitors to Las Vegas. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-markets-rise-investors-await-us-iran-ceasefire-extension The Business Times en 2026-05-29T16:38:00+08:00 European markets rise as investors await US-Iran ceasefire extension https://cassette.sphdigital.com.sg/image/businesstimes/897c36f23ff032f05966b2164e4827789c5fbf4a54e248306ea5b4864db4a1af The Stoxx 600 was up 0.3 per cent at 626.91 points, as of 0715 GMT on Friday. The Stoxx 600 was up 0.3 per cent at 626.91 points, as of 0715 GMT on Friday. https://www.businesstimes.com.sg/international/us-new-home-sales-declined-more-forecast-april The Business Times en 2026-05-29T16:36:38+08:00 US new-home sales declined by more than forecast in April https://cassette.sphdigital.com.sg/image/businesstimes/7102409bb3ed9e36dbb7c69b623c563b80bcb08bc7ab7c68ceeb65942b6f68e9 The new-home sales report showed that the number of properties for sale in April eased from the year-ago period to 489,000. The new-home sales report showed that the number of properties for sale in April eased from the year-ago period to 489,000. https://www.businesstimes.com.sg/international/europe-edging-closer-trade-war-china-heres-why The Business Times en 2026-05-29T16:23:09+08:00 Europe is edging closer to a trade war with China. Here’s why. https://cassette.sphdigital.com.sg/image/businesstimes/bcced5d08480d03d4aa2e91257f3095f8265b7a0bf94ad0ca3371be5ccb6c5ee French President Emmanuel Macron calls on the EU to create measures that protect strategic industries, similar to ones that the US has and uses. French President Emmanuel Macron calls on the EU to create measures that protect strategic industries, similar to ones that the US has and uses. https://www.businesstimes.com.sg/international/thailand-records-current-account-deficit-us7-6-billion-april The Business Times en 2026-05-29T16:07:22+08:00 Thailand records current account deficit of US$7.6 billion in April https://cassette.sphdigital.com.sg/image/businesstimes/fbe4ddaf972de3623660585705a77568b15de265555b4e0203d7402a6cfd2b8f Aerial view Container cargo ship in the sea carrying to Terminal Port,Industry business logistic and transportation in Thailand The central banks says key issues to monitor include Middle East conflict developments, potential US trade policy changes, El Nino conditions and government economic stimulus measures, https://www.businesstimes.com.sg/international/asean/vietnam-singapore-industrial-park-grid-gets-power-amid-deals-inked-during-lams-visit The Business Times en 2026-05-29T15:00:34+08:00 Vietnam-Singapore industrial park grid gets power-up amid deals inked during To Lam’s visit https://cassette.sphdigital.com.sg/image/businesstimes/84d30eed284e0169b488c5d452a2980283f63ca0aec86530e0966306486e9514 An advanced manufacturing research centre is slated to be built within the VSIP ecosystem. An advanced manufacturing research centre is slated to be built within the VSIP ecosystem. https://www.businesstimes.com.sg/property/rent-one-bedroom-coyote-house The Business Times en 2026-05-29T14:49:08+08:00 For rent: A one-bedroom coyote house https://cassette.sphdigital.com.sg/image/businesstimes/99571c2da89cac5d808fe82bf264eb60683b1c7579cd82fd00e7e27b1d7abd14 The 550-square-foot structure stands two stories tall on a flat parcel of high-altitude desert covered in scrubby sagebrush. The 550-square-foot structure stands two stories tall on a flat parcel of high-altitude desert covered in scrubby sagebrush. https://www.businesstimes.com.sg/international/global/nearly-half-apacs-wealthy-expect-market-crash-or-correction-plan-rotate-cash-study The Business Times en 2026-05-29T14:43:49+08:00 Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study https://cassette.sphdigital.com.sg/image/businesstimes/f5b1d07c16ade396dcf25239f692098dfe928c14b0b82de00eb2f0d604971d84 Economic recession was also placed as another significant worry, with 53.5 per cent indicating it as the biggest risk to their portfolio. Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/yen-back-danger-zone-tokyo-officials-keep-investors-edge The Business Times en 2026-05-29T14:04:10+08:00 Yen back in danger zone as Tokyo officials keep investors on edge https://cassette.sphdigital.com.sg/image/businesstimes/f510ffe9fa3221822a7497fbee3583e35f9168d70ec6a7c644c62cc3a59dd630 The yen has been battered by the three-month-long Middle East crisis, with soaring energy prices delivering a terms of trade shock to Japan, which imports almost all its oil. Yen-buying intervention requires selling foreign assets, of which Japan held about US$1 trillion at the end of April. https://www.businesstimes.com.sg/opinion-features/room-new-ideas-private-sector-players-eye-opportunities-singapores-senior-living-space The Business Times en 2026-05-29T14:00:00+08:00 Room for new ideas: Private-sector players eye opportunities in Singapore’s senior-living space https://cassette.sphdigital.com.sg/image/businesstimes/a2c761c25df6ded3836234978b6e98f5f2b5d8659e948b3094a5e8cf45d388a7 XXX Senior-living accommodation facilities with community programming can support independent ageing and foster social connections. https://www.businesstimes.com.sg/companies-markets/singapores-sea-sets-ai-investment-team-part-pivot-beyond-e-commerce The Business Times en 2026-05-29T13:40:26+08:00 Singapore’s Sea sets up AI investment team as part of pivot beyond e-commerce https://cassette.sphdigital.com.sg/image/businesstimes/00d4399aa58be301c59fba16dfd90cde691680d98616d437836927b0196dc7b1 Sea, the operator of online retailer Shopee, is making structural shifts after CEO Forrest Li declared last year that a trillion-dollar market capitalisation was possible if the company doubled down on AI and “makes the right calls”. Sea, the operator of online retailer Shopee, is making structural shifts after CEO Forrest Li declared last year that a trillion-dollar market capitalisation was possible if the company doubled down on AI and “makes the right calls”. https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-ceo-and-audit-head-quit-over-whistleblower-investigation The Business Times en 2026-05-29T13:25:53+08:00 KPMG Australia CEO and audit head quit over whistleblower investigation https://cassette.sphdigital.com.sg/image/businesstimes/fcdc9467c12b2503cb7679965ef7369699c7dca9ddb49b0ec90de52a6f3ad540 KPMG said that a whistleblower had made three complaints about client documents being shared inappropriately. KPMG Australia said that a whistleblower had made three complaints about client documents being shared inappropriately. https://www.businesstimes.com.sg/international/asean/tourism-tug-war-concerts-cash-and-culture-wars-malaysia The Business Times en 2026-05-29T13:15:45+08:00 The tourism tug-of-war – concerts, cash and culture wars in Malaysia https://cassette.sphdigital.com.sg/image/businesstimes/d75bb63c0dcecd737fa3eb5457b286eb703a7336fb74da3570a8e16020bbf992 While the Rain Rave Music Festival in Kuala Lumpur generated millions of ringgit in tourism revenue, it drew criticism from conservative groups who argued that the event did not reflect Malaysia’s identity. The Rain Rave Water Music Festival in Kuala Lumpur drew criticism from conservative groups as not reflecting Malaysia’s identity. https://www.businesstimes.com.sg/singapore/mandai-wildlife-group-caps-decade-long-rejuvenation-full-launch-rainforest-wild-adventure The Business Times en 2026-05-29T13:03:48+08:00 Mandai Wildlife Group caps off decade-long rejuvenation with full launch of Rainforest Wild Adventure https://cassette.sphdigital.com.sg/image/businesstimes/369a7eca2013dc4b586b12a0fb6a0a89dd2cf8f256574654284daedac1667bb8 The recently-completed park houses adventure activities of varying difficulty levels. Rainforest Wild Adventure has adventure activities of varying difficulty levels. https://www.businesstimes.com.sg/companies-markets/aggressive-asia-hikes-show-few-signs-stabilising-currencies The Business Times en 2026-05-29T12:51:16+08:00 Aggressive Asia hikes show few signs of stabilising currencies https://cassette.sphdigital.com.sg/image/businesstimes/5e326a4026cd17fbaa87ff34973579e03ce78a568f02a1b97a9c81cf5f11aae2 Asian central banks are leading the world in raising borrowing costs, with India’s policy decision next week a key focus. Asian central banks are leading the world in raising borrowing costs, with India’s policy decision next week a key focus. https://www.businesstimes.com.sg/international/north-korea-not-keen-external-engagement-says-singapores-foreign-minister-after-pyongyang-visit The Business Times en 2026-05-29T12:15:21+08:00 North Korea not keen on external engagement, says Singapore’s foreign minister after Pyongyang visit https://cassette.sphdigital.com.sg/image/businesstimes/007e9c30095729d2a1062f3fd7ef30c1285b05f97bf3f500523528c7e231b4e5 Minister for Foreign Affairs Vivian Balakrishnan (left) made a working visit to North Korea from 26 to 27 May at the invitation of Foreign Minister Choe Son Hui. Minister for Foreign Affairs Vivian Balakrishnan (left) made a working visit to North Korea from 26 to 27 May at the invitation of Foreign Minister Choe Son Hui. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/foxconn-has-immense-confidence-growth-momentum-due-ai-chairman-says The Business Times en 2026-05-29T12:13:38+08:00 Foxconn has immense confidence in growth momentum due to AI, chairman says https://cassette.sphdigital.com.sg/image/businesstimes/b13dd27fd90dbd114b2109530e2179125c4c0bb40fc3841a343e4b1607bf7a10 The company’s shares have risen 19% so far this year, underperforming the broader Taiwan index’s 54 per cent gain. The company’s shares have risen 19% so far this year, underperforming the broader Taiwan index’s 54% gain. https://www.businesstimes.com.sg/opinion-features/what-singaporean-farmer-can-teach-ceos-about-leadership The Business Times en 2026-05-29T12:00:00+08:00 What a Singaporean farmer can teach CEOs about leadership https://cassette.sphdigital.com.sg/image/businesstimes/a374e709b290fd933831cefe5127b3bf807c21417b024a278bb7075be630dece Farming reminds us that the visible harvest is always connected to invisible preparation. Farming reminds us that the visible harvest is always connected to invisible preparation. https://www.businesstimes.com.sg/international/chinas-defence-minister-again-skips-shangri-la-dialogue-singapore-attended-us-hegseth The Business Times en 2026-05-29T11:58:02+08:00 China’s defence minister again skips Shangri-La Dialogue in Singapore attended by US’ Hegseth https://cassette.sphdigital.com.sg/image/businesstimes/50064e184a80b7866fbd5e30d2ec5946d115a800078b2d587ff4469d1f76d6a2 China's Defence Minister Dong Jun at the Shangri-La Dialogue in Singapore on May 31, 2024. China's Defence Minister Dong Jun at the Shangri-La Dialogue in Singapore on May 31, 2024. https://www.businesstimes.com.sg/international/china-export-prices-climb-most-three-years-oil-shock The Business Times en 2026-05-29T11:41:36+08:00 China export prices climb most in three years on oil shock https://cassette.sphdigital.com.sg/image/businesstimes/517205266774d697105020ccac7ec9b4d1fc04ba7b56bea7a25c3e5d41080eec A global AI buildout frenzy has caused a shortage of chips and sent prices soaring. A global AI buildout frenzy has caused a shortage of chips and sent prices soaring. https://www.businesstimes.com.sg/companies-markets/gic-backed-coda-payments-secures-mas-major-payment-institution-licence The Business Times en 2026-05-29T11:15:12+08:00 GIC-backed Coda Payments secures MAS major payment institution licence https://cassette.sphdigital.com.sg/image/businesstimes/2c001acb9069174b7d4c2845bbc9982f353647bb1eb8b86acab79d2235c91902 The full authorisation follows an earlier in-principle approval granted by the regulator in late 2024. The full authorisation follows an earlier in-principle approval granted by MAS in late 2024. https://www.businesstimes.com.sg/international/us-defence-secretary-hegseth-singapore-talks-ahead-shangri-la-dialogue The Business Times en 2026-05-29T11:07:14+08:00 US Defence Secretary Hegseth in Singapore for talks ahead of Shangri-La Dialogue https://cassette.sphdigital.com.sg/image/businesstimes/80fcc3cf2c2451b5a1674f4a188221773cbd2b846ff5a3d18a81717cfc8c6a9d Hegseth (third from right) is set to meet Singapore PM Lawrence Wong and Defence Minister Chan Chun Sing to discuss expanding US military asset rotations. Hegseth (third from right) is set to meet Singapore PM Lawrence Wong and Defence Minister Chan Chun Sing to discuss expanding US military asset rotations. https://www.businesstimes.com.sg/thrive/career-guide/what-its-running-popular-bag-brand-your-20s The Business Times en 2026-05-29T10:56:48+08:00 What it’s like running a popular bag brand in your 20s https://cassette.sphdigital.com.sg/image/businesstimes/3133056e4eb529549a63fb5f19cda0dd8abde53d63899c916b88ede4a358a369 BT BT https://www.businesstimes.com.sg/companies-markets/spacex-lowers-ipo-valuation-target-least-us1-8-trillion The Business Times en 2026-05-29T10:31:48+08:00 SpaceX lowers IPO valuation target to at least US$1.8 trillion https://cassette.sphdigital.com.sg/image/businesstimes/8ede59282f8900bf32ce6259df9ca8246aadd34700db662dc91c4ba001dd9c9b SpaceX is expected to start formal marketing of its IPO as soon as Jun 4 and to price as early as Jun 11. SpaceX is expected to start formal marketing of its IPO as soon as Jun 4 and to price as early as Jun 11. https://www.businesstimes.com.sg/wealth/personal-finance/preparing-retirement-heres-how-invest-volatile-market The Business Times en 2026-05-29T10:00:00+08:00 Preparing for retirement? Here’s how to invest in a volatile market https://cassette.sphdigital.com.sg/image/businesstimes/df5aa5f9cb1d31eb58e0216a894aadda3ae79eb796c181e40e6ae69bf3291297 Markets have become increasingly volatile, with swings driven by inflation uncertainty, geopolitical risks, concentrated equity leadership, and “higher for longer” policy regimes. Pre-retirees should shift from aggressively chasing growth to securing reliable income, but the transition should be measured, experts say. https://www.businesstimes.com.sg/companies-markets/banking-finance/sgx-listed-jardine-matheson-eyes-more-asia-deals-after-us10-billion-spree-revamp-empire The Business Times en 2026-05-29T09:45:44+08:00 SGX-listed Jardine Matheson eyes more Asia deals after US$10 billion spree to revamp empire https://cassette.sphdigital.com.sg/image/businesstimes/90e627c8d9b027666c025398ceee53057726d87d663ec2ed35386e6488d23e0e In a potential sign of what is to come, JMH announced its expansion into Australia’s medical industry with the US$2.4 billion acquisition of diagnostic imaging provider I-MED Radiology Network. In a potential sign of what is to come, JMH announced its expansion into Australia’s medical industry with the US$2.4 billion acquisition of diagnostic imaging provider I-MED Radiology Network. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-takes-lead-shipping-top-end-ai-memory-chip-samples The Business Times en 2026-05-29T09:10:39+08:00 Samsung takes lead in shipping top-end AI memory chip samples https://cassette.sphdigital.com.sg/image/businesstimes/1ea360dcf594ef577026fe78951ed867fd9f4678cbfbca5130c7ebf1b4701105 HBM chips have become a critical component in AI processors used for training and deploying large language models such as ChatGPT. HBM chips have become a critical component in AI processors used for training and deploying large language models such as ChatGPT. https://www.businesstimes.com.sg/international/tokyo-inflation-slowdown-unlikely-derail-bank-japan-rate-hike The Business Times en 2026-05-29T08:44:18+08:00 Tokyo inflation slowdown unlikely to derail Bank of Japan rate hike https://cassette.sphdigital.com.sg/image/businesstimes/88d69c5b55dc5bab13483d5f6961ab29dd10496676101d54da41f8e9d5c5b93b The report shows how government programmes are successfully easing the cost of living, while BOJ policymakers are wary of prices picking up due to the war in Iran. BOJ policymakers are wary of prices picking up due to the war in Iran. https://www.businesstimes.com.sg/companies-markets/stocks-watch-st-engineering-seatrium-keppel-clas-okp The Business Times en 2026-05-29T08:28:28+08:00 Stocks to watch: ST Engineering, Seatrium, Keppel, Clas, OKP https://cassette.sphdigital.com.sg/image/businesstimes/264a0910851286a791f455e70f4ccfbda14d0f281553e2d7ccc9b97a1b2d91f8 Seatrium reports a net order book of S$15.5 billion across 24 projects for its first quarter ended Mar 31, 2026, with delivery dates till 2033. Seatrium reports a net order book of S$15.5 billion across 24 projects for its first quarter ended Mar 31, 2026, with delivery dates till 2033. https://www.businesstimes.com.sg/companies-markets/seatrium-eyes-s28-billion-project-opportunities-amid-global-race-energy-security The Business Times en 2026-05-29T08:21:14+08:00 Seatrium eyes S$28 billion in project opportunities amid global race for energy security https://cassette.sphdigital.com.sg/image/businesstimes/9606d0242bb93ce3d74b485960b32115351fdb0b904a050a25db6c3b6cff9b4e Seatrium also completed 46 vessel repairs and upgrades during the quarter, comprising one floating storage regasification unit (FSRU) conversion, five liquefied natural gas carriers, seven cruise vessels, 10 offshore vessels, and four naval vessels. More than 95% of Seatrium's net order book comprises "series-build" projects. https://www.businesstimes.com.sg/companies-markets/capitaland-ascott-trust-divest-robertson-house-s360-million The Business Times en 2026-05-29T08:17:56+08:00 CapitaLand Ascott Trust to divest The Robertson House for S$360 million https://cassette.sphdigital.com.sg/image/businesstimes/e0842ce20c50664efca739771c9833bf4be95abc64ec3bea63a5179d4dc706bb The divestment price of The Robertson House by The Crest Collection is close to S$1.1 million per key. The sale price of The Robertson House by The Crest Collection is close to S$1.1 million per key. https://www.businesstimes.com.sg/international/global/china-targets-offshore-billions-biggest-crackdown-decades The Business Times en 2026-05-29T08:09:14+08:00 China targets offshore billions in biggest crackdown in decades https://cassette.sphdigital.com.sg/image/businesstimes/397f6b57a449a9e162c92db9a34bc43f251ecc2b3b9b31a2c44fa994599edfaf China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties. China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-holds-gain-us-iran-ceasefire-extension-calm-inflation-fears The Business Times en 2026-05-29T08:08:01+08:00 Gold holds gain as US-Iran ceasefire extension calm inflation fears https://cassette.sphdigital.com.sg/image/businesstimes/86d21e6d51ed3715f369a1d7630aba2ae83723c8fd34d8c6bef0ffffe0682da6 FILE PHOTO: A gold bar marked with the letters "BTC" (out of focus) is displayed at a jewellery shop at the Al Moez Street gold market in Old Cairo as demand for gold bars and coins rises in Egypt, with buyers seeking a safer store of value amid volatile markets and economic uncertainty, traders and industry officials said, in Cairo, Egypt, February 5, 2026. REUTERS/Amr Abdallah Dalsh/File Photo Bullion has traded in a narrow range since its initial slump at the start of the war. https://www.businesstimes.com.sg/international/us-imposes-fresh-sanctions-irans-military-oil-sales The Business Times en 2026-05-29T07:43:18+08:00 US imposes fresh sanctions on Iran’s military oil sales https://cassette.sphdigital.com.sg/image/businesstimes/773c58a64afe1cb5cccbe1790e9f8a5ba2a2dd5fa69ebf59350db99a11f2d314 US President Donald Trump has yet to approve the ceasefire deal on the war with Iran, which the US and Israel launched on Feb 28. US President Donald Trump has yet to approve the ceasefire deal on the war with Iran, which the US and Israel launched on Feb 28. https://www.businesstimes.com.sg/companies-markets/rhb-upgrades-singapore-banks-wealth-momentum-resilient-fee-income-names-its-top-picks The Business Times en 2026-05-29T07:30:00+08:00 RHB upgrades Singapore banks on wealth momentum, resilient fee income; names its top picks https://cassette.sphdigital.com.sg/image/businesstimes/37cbf9d8728cfccfd069e4bc161623f775f41c7341fe268eb0ee2f1acaf9a6f8 The brokerage named OCBC and DBS as its top picks. RHB cited the banks’ positive earnings momentum, strong wealth-management franchise, solid balance sheet, as well as reasonable valuation and dividend yield.  The banks' stronger non-interest income more than offset the pressure on net interest income caused by lower benchmark rates, says RHB. https://www.businesstimes.com.sg/startups-tech/startups/anthropic-tops-openai-become-worlds-most-valuable-ai-startup The Business Times en 2026-05-29T07:16:22+08:00 Anthropic tops OpenAI to become the world’s most valuable AI startup https://cassette.sphdigital.com.sg/image/businesstimes/ec71e61dec29d1e947c150398f85307ff5356833ef5b185284817e21b5045677 Anthropic’s new Claude Opus 4.8 outperforms all other publicly available AI technologies on vibe coding. Anthropic’s new Claude Opus 4.8 outperforms all other publicly available AI technologies on vibe coding. https://www.businesstimes.com.sg/opinion-features/columns/not-beyond-compare-genting-singapores-weak-hand-getting-harder-hide The Business Times en 2026-05-29T07:00:00+08:00 Not beyond compare: Genting Singapore’s weak hand is getting harder to hide https://cassette.sphdigital.com.sg/image/businesstimes/5b086efbd3b60ff5110e8f83df482d6ab1e4c607ef47f21a499ad821ce8f1244 RWS is seen as a family-oriented island destination with a larger emphasis on non-gaming offerings such as theme parks and attractions. RWS is seen as a family-oriented island destination, with a larger emphasis on non-gaming offerings such as theme parks and attractions. https://www.businesstimes.com.sg/opinion-features/3-types-learners-singapore-and-how-they-affect-workplace-productivity The Business Times en 2026-05-29T07:00:00+08:00 The 3 types of learners in Singapore – and how they affect workplace productivity https://cassette.sphdigital.com.sg/image/businesstimes/109ad0c40e9aef53c2590f86ec52622ea607ea1d2862507369ee699e4de5af20 The learner profiles point to a broader lesson: Training transfer is not based on the individual worker alone. The learner profiles point to a broader lesson: training transfer is not based on the individual worker alone. https://www.businesstimes.com.sg/companies-markets/sgx-listed-palm-oil-players-under-pressure-indonesias-commodity-export-overhaul-stokes-fears The Business Times en 2026-05-29T07:00:00+08:00 SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears https://cassette.sphdigital.com.sg/image/businesstimes/b90c7f8ae7a35f93a506eb7ee44db7998adc980ec52e9486dd76c666da48627d XXX The impact of Jakarta’s latest move is expected to vary among SGX-listed planters, depending on their level of export exposure. https://www.businesstimes.com.sg/companies-markets/transport-logistics/byd-debuts-chinas-most-advanced-ev-chip-smart-driving-push The Business Times en 2026-05-29T06:48:38+08:00 BYD debuts China’s most advanced EV chip in smart-driving push https://cassette.sphdigital.com.sg/image/businesstimes/dd73b849c6b8eaa7360abfafebcbcb809a834d8b86c21d9fdc6f8fe4a2810471 BYD is waiting for China to formalise legislation allowing more consumer-facing deployment of self-driving vehicles, which the company expects to happen as soon as 2027. BYD is waiting for China to formalise legislation allowing more consumer-facing deployment of self-driving vehicles, which the company expects to happen as soon as 2027. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-over-1-reports-potential-us-iran-ceasefire-deal The Business Times en 2026-05-29T06:15:06+08:00 Oil falls over 1% on reports of potential US-Iran ceasefire deal https://cassette.sphdigital.com.sg/image/businesstimes/931659e2ccc58a107f9fe02990ac74ea1ef956b34f2edcd8a3951976671eb224 Oil prices have been volatile in recent sessions on conflicting signals on the possibility of an end to the three-month Iran war. Oil prices have been volatile in recent sessions on conflicting signals on the possibility of an end to the three-month Iran war. https://www.businesstimes.com.sg/lifestyle/russians-are-thriving-phuket-scene-feels-fleeting The Business Times en 2026-05-29T06:00:00+08:00 Russians are thriving on Phuket, but the scene feels fleeting https://cassette.sphdigital.com.sg/image/businesstimes/fd726162a2385217cb9a1b37f1f017938048ad28a6b300af59989f95999d7e56 Ekaterina Mittsel, who moved to Phuket after Russia invaded Ukraine, and her daughter Alisa, 6, at their home in Rawai. Ekaterina Mittsel, who moved to Phuket after Russia invaded Ukraine, and her daughter Alisa, 6, at their home in Rawai. https://www.businesstimes.com.sg/lifestyle/adventure-bound-new-watches-omega-tag-heuer-and-luminox The Business Times en 2026-05-29T06:00:00+08:00 Adventure-bound new watches from Omega, TAG Heuer and Luminox  https://cassette.sphdigital.com.sg/image/businesstimes/25b9e7739007cbcc240d37e284c7e3eda7a94d22bd0a964e1e7faeb3be616530 The new Omega watch marks the first-ever chronograph in James Bond’s Seamaster Diver 300M history. Omega's Seamaster Diver 300M Chronograph 007 First Light is the first chronograph in James Bond’s Seamaster Diver 300M history. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-and-nasdaq-hit-record-closing-highs-us-and-iran-agree-extend-ceasefire The Business Times en 2026-05-29T05:52:13+08:00 S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire https://cassette.sphdigital.com.sg/image/businesstimes/a45187226707c6ad260cd751a8bcbf607a2370e4fea1e6614ff09a1647adf9a8 The Dow Jones Industrial Average rose 24.69 points, or 0.05%, to 50,668.97. The Dow Jones Industrial Average eked out small gains in afternoon trade to finish at another closing high. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-dip-middle-eastern-developments-keep-investors-wary The Business Times en 2026-05-29T05:38:18+08:00 European shares dip as Middle Eastern developments keep investors wary https://cassette.sphdigital.com.sg/image/businesstimes/897c36f23ff032f05966b2164e4827789c5fbf4a54e248306ea5b4864db4a1af Market analysts say better-than-expected corporate earnings have also supported equities since March’s conflict-driven lows, though risks remain. Market analysts say better-than-expected corporate earnings have also supported equities since March’s conflict-driven lows, though risks remain. https://www.businesstimes.com.sg/lifestyle/why-moutai-and-golfs-singapore-ladies-masters-are-natural-fit The Business Times en 2026-05-29T05:00:00+08:00 Why Moutai and golf’s Singapore Ladies Masters are a natural fit https://cassette.sphdigital.com.sg/image/businesstimes/d107fcf049559ad1b4018042a1cdb706005e72b21ec55dc5264976da7a9e7f41 Singaporean golfer Anne Fernandez will be among the top local players in action at the third Singapore Ladies Masters, which will tee off from Jun 12 to 14. Singaporean golfer Anne Fernandez will be among the top local players in action at the third Singapore Ladies Masters, which will tee off from Jun 12 to 14. https://www.businesstimes.com.sg/podcasts/how-solid-connected-financial-tech-helps-smes-turn-truly-global-players The Business Times en 2026-05-29T05:00:00+08:00 How solid, connected financial tech helps SMEs turn into truly global players https://cassette.sphdigital.com.sg/image/businesstimes/3cc2da13d50ff69d206a6708d0356840c08d7bfedacb9677ac591659f8aa61dc Adam Cohen, chief growth officer at Payoneer. Adam Cohen, chief growth officer at Payoneer. https://www.businesstimes.com.sg/international/global/iran-us-agree-deal-extend-ceasefire-and-open-hormuz-trumps-approval-pending The Business Times en 2026-05-28T23:58:28+08:00 Iran, US agree on deal to extend ceasefire and open Hormuz; Trump’s approval pending https://cassette.sphdigital.com.sg/image/businesstimes/75888f4961dc7130d21282ad866bde3943f1ff001e14c41befbe6d89c90c506e Vessels anchored at the Strait of Hormuz as seen from Musandam, Oman, May 25, 2026. Vessels anchored at the Strait of Hormuz as seen from Musandam, Oman, May 25, 2026. https://www.businesstimes.com.sg/international/feds-musalem-says-officials-cant-rely-ai-boom-fix-inflation The Business Times en 2026-05-28T23:16:45+08:00 Fed’s Musalem says officials can’t rely on AI boom to fix inflation https://cassette.sphdigital.com.sg/image/businesstimes/1f3beaadd9812a4b5cf22df22688797dbe003f54c7c190cc3bbc7bbba8a4929c Reserve Bank of St. Louis President Alberto Musalem speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 28, 2026. Reserve Bank of St. Louis President Alberto Musalem speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 28, 2026. https://www.businesstimes.com.sg/companies-markets/banking-finance/warshs-new-challenge-containing-fed-hawks-inflation-simmers The Business Times en 2026-05-28T22:29:05+08:00 Warsh’s new challenge: Containing Fed hawks as inflation simmers https://cassette.sphdigital.com.sg/image/businesstimes/e2b538eb69ec43f4a8fda209d69fcc7418b9088ffcaeb0e76d4bbda247d7d7c6 While President Donald Trump has said he wants Kevin Warsh (pictured) to act independently as Fed chair, political pressure to bring rates down isn’t far from the surface.  While President Donald Trump has said he wants Kevin Warsh (pictured) to act independently as Fed chair, political pressure to bring rates down isn’t far from the surface.  https://www.businesstimes.com.sg/companies-markets/trek-2000-shares-jump-41-5-after-osim-founder-ron-sim-drops-claims-sells-7-3-stake-azure-capital The Business Times en 2026-05-28T22:08:14+08:00 Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital https://cassette.sphdigital.com.sg/image/businesstimes/d2fb6a41c6436ab8609e6655b8a61e274172fc5b2df874cfe08e78239d6b1d74 Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan. Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan. https://www.businesstimes.com.sg/companies-markets/wall-st-muted-investors-assess-inflation-data-mideast-developments The Business Times en 2026-05-28T22:06:44+08:00 Wall St muted as investors assess inflation data, Mideast developments https://cassette.sphdigital.com.sg/image/businesstimes/b4186d70ac61d00dda708dd32f15c9e360763720d645371c73481ef3a4c7c853 The Dow Jones Industrial Average declined 0.3%, while the benchmark S&P 500 fell by 0.1% while the tech-heavy Nasdaq Composite slipped 0.2%. The S&P 500 gained 1.71 points, or 0.02 per cent, to 7,521.68 and the Nasdaq Composite lost 6.80 points, or 0.02 per cent, to 26,667.93. https://www.businesstimes.com.sg/international/us-core-capital-goods-orders-fall-april The Business Times en 2026-05-28T21:57:14+08:00 US core capital goods orders fall in April https://cassette.sphdigital.com.sg/image/businesstimes/cfa1423ea90384666fabae91e337e71333f2e02b8f288752ab1bab177185f025 Non-defence capital goods orders excluding aircraft dropped 1.1 per cent last month after an upwardly revised 3.9 per cent jump in March. Non-defence capital goods orders excluding aircraft dropped 1.1 per cent last month after an upwardly revised 3.9 per cent jump in March. https://www.businesstimes.com.sg/international/us-q1-gdp-growth-revised-lower-1-6-pace The Business Times en 2026-05-28T21:55:17+08:00 US Q1 GDP growth revised lower to 1.6% pace https://cassette.sphdigital.com.sg/image/businesstimes/c290c43ea0b7133b4a8bffa0de0068086ede4bdd511ea886976a45267dc967fd Profits from current production rose at a US$40.4 billion rate in the first quarter, a sharp slowdown from the US$246.9 billion growth pace in the fourth quarter. Profits from current production rose at a US$40.4 billion rate in the first quarter, a sharp slowdown from the US$246.9 billion growth pace in the fourth quarter. https://www.businesstimes.com.sg/companies-markets/st-engineering-names-its-group-coo-and-commercial-aerospace-president-group-deputy-ceo The Business Times en 2026-05-28T21:44:54+08:00 ST Engineering names its group COO and commercial aerospace president as group deputy CEO https://cassette.sphdigital.com.sg/image/businesstimes/e390671ac99cce2307dc9ead2e402a038bd74ba2540f510c8d695d64de122bb9 In his new role, Jeffrey Lam will continue to report to group president and chief executive officer Vincent Chong and remain a member of the group executive committee. In his new role, Jeffrey Lam will continue to report to group president and chief executive officer Vincent Chong and remain a member of the group executive committee. https://www.businesstimes.com.sg/international/us-consumer-spending-edges-inflation-accelerates The Business Times en 2026-05-28T21:34:10+08:00 US consumer spending edges up as inflation accelerates https://cassette.sphdigital.com.sg/image/businesstimes/1b05a3e644df1e75575265ac9493c54cd45eb77df66bc2e759a23174683151b3 A Target store customer signs her credit card purchase at a Target at the Broadcasting Square Shopping center Reading, Pennsylvania, November 30, 2004. Sales gains at U.S. retailers including Wal-Mart Stores Inc. probably slowed in November as higher energy prices curbed consumer spending and made Americans less confident at the start of the holiday shopping season. The numbers on spending, meanwhile, suggest consumers have become more cautious amid cost-of-living concerns and uneven hiring trends. https://www.businesstimes.com.sg/international/ceos-turn-pessimistic-about-us-economy-supply-risks-mount The Business Times en 2026-05-28T20:59:03+08:00 CEOs turn pessimistic about US economy as supply risks mount https://cassette.sphdigital.com.sg/image/businesstimes/74acbed19ccc39c1b92e5c06efb7e8fabdfb9253a8cb296186df494aacc98274 Forty per cent of CEOs see the business climate worsening in the next six months, up from 13% in the previous survey. Forty per cent of CEOs see the business climate worsening in the next six months, up from 13% in the previous survey. https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-increase-marginally-amid-low-layoffs The Business Times en 2026-05-28T20:57:29+08:00 US weekly jobless claims increase marginally amid low layoffs https://cassette.sphdigital.com.sg/image/businesstimes/fcdafeb0a2914620c37c28b6fdccffd84e36b643e238da05074ee4b5f830c85f The number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, increased 15,000 to a seasonally adjusted 1.786 million during the week ended May 16. The number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, increased 15,000 to a seasonally adjusted 1.786 million during the week ended May 16. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/chinese-dronemaker-dji-defends-security-products The Business Times en 2026-05-28T20:53:26+08:00 Chinese dronemaker DJI defends security of products https://cassette.sphdigital.com.sg/image/businesstimes/ada8a978acfe005de643dbd7a23a6415c72f3c226a23759030bd3eb81da26875 DJI said it commissioned a US-based security firm to conduct an extensive review that reported “no evidence of data transmission outside the United States was identified.” DJI said it commissioned a US-based security firm to conduct an extensive review that reported “no evidence of data transmission outside the United States was identified.” https://www.businesstimes.com.sg/companies-markets/transport-logistics/okp-wins-s165-3-million-lta-contract-commuter-infrastructure-works The Business Times en 2026-05-28T20:15:14+08:00 OKP wins S$165.3 million LTA contract for commuter infrastructure works https://cassette.sphdigital.com.sg/image/businesstimes/c357bbbc26792418fd23e9bef47d35c8f2bb990ae62b4e414366f75efd599210 OKP's order book stood at S$760.7 million as at May 28, with projects until 2031. OKP's order book stood at S$760.7 million as at May 28, with projects until 2031. https://www.businesstimes.com.sg/international/new-york-lawmakers-approve-second-home-tax-state-budget The Business Times en 2026-05-28T20:07:43+08:00 New York lawmakers approve second-home tax in state Budget https://cassette.sphdigital.com.sg/image/businesstimes/e2ac26c92dc3a285efed986cfb70fcd5003eb27aa04cea04aa8fab4504dcdc3d Some properties are exempt from the levy, including those owned by New Yorkers who live primarily in the city, said the Bill. Some properties are exempt from the levy, including those owned by New Yorkers who live primarily in the city, said the Bill. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/mistral-signs-airbus-and-bmw-it-brings-ai-manufacturing The Business Times en 2026-05-28T19:59:33+08:00 Mistral signs Airbus and BMW as it brings AI to manufacturing https://cassette.sphdigital.com.sg/image/businesstimes/57703fd340a1d3869367c5927ef864ddc3479fcd5e8b6b434234f0f5044c864a Mistral, formed in 2023 and valued at 11.7 billion euros last year, now has 1,000 employees and is targeting 1 billion euros or more in revenue for 2026. Mistral, formed in 2023 and valued at 11.7 billion euros last year, now has 1,000 employees and is targeting 1 billion euros or more in revenue for 2026. https://www.businesstimes.com.sg/companies-markets/singapore-venture-funding-hits-s5-9-billion-investors-double-down-ai-deep-tech-despite-fewer-deals The Business Times en 2026-05-28T19:55:59+08:00 Singapore venture funding hits S$5.9 billion as investors double down on AI, deep tech despite fewer deals: EY-Parthenon https://cassette.sphdigital.com.sg/image/businesstimes/7965487cfc0415046fecfafc422a0d1618cbcd13c9e9749c0413443e70a56650 Singapore continues to dominate regional venture funding activity among the Asean-6 economies, accounting for 72.5% of total deal value in 2025. Singapore continues to dominate regional venture funding activity among the Asean-6 economies, accounting for 72.5% of total deal value in 2025. https://www.businesstimes.com.sg/companies-markets/singapore-stocks-retreat-us-iran-strikes-unsettle-markets-sti-down-0-8 The Business Times en 2026-05-28T19:32:19+08:00 Singapore stocks retreat as US-Iran strikes unsettle markets; STI down 0.8% https://cassette.sphdigital.com.sg/image/businesstimes/557e0e49c2b84ef11ad1208b6574de88e07c1acfd876fcd5c1a24e7398a74035 Across the broader market, gainers outnumber decliners 248 to 405, after 2 billion securities worth S$2.8 billion changed hands. On Singapore's blue-chip index, Sats led the gainers with a 6.7% rise to S$3.80. https://www.businesstimes.com.sg/lifestyle/food-drink/he-invented-basque-cheesecake-he-prefers-chocolate The Business Times en 2026-05-28T19:30:00+08:00 He invented the Basque cheesecake. He prefers chocolate https://cassette.sphdigital.com.sg/image/businesstimes/fa6dcc0c3fac80e168162aa09a1bed097e7e16a6a7f6edcb582cdb0129446632 Santiago Rivera, who is widely credited with creating the burnt Basque cheesecake, stands in his restaurant, La Vina, in San Sebastian, Spain. He says his influence makes him proud, but that he is also “exhausted”. Santiago Rivera says his influence makes him proud, but that he is also “exhausted”. https://www.businesstimes.com.sg/international/starmer-vows-action-avoid-lost-generation-jobless-youth The Business Times en 2026-05-28T19:19:25+08:00 Starmer vows action to avoid ‘lost generation’ of jobless youth https://cassette.sphdigital.com.sg/image/businesstimes/914d08fb8615d0ceb90496109e5f88b9a2fcd59ad7d562622ebda93c980fbc05 The number of young people not in education, employment or training, is due to hit 1.25 million within five years, up from about 1 million currently, according to the interim findings of a government report. The number of young people not in education, employment or training, is due to hit 1.25 million within five years, up from about 1 million currently, according to the interim findings of a government report. https://www.businesstimes.com.sg/singapore/sccci-launches-strategic-investment-guide-support-chinese-businesses-singapore The Business Times en 2026-05-28T19:11:15+08:00 SCCCI launches strategic investment guide to support Chinese businesses in Singapore https://cassette.sphdigital.com.sg/image/businesstimes/633c4effe05fa9431fa42db2a74d11a3efa29caacabe32ab43ec3fddfeccf6c9 From left: Senior Minister of State for Trade and Industry Low Yen Ling and SCCCI president Kho Choon Keng Senior Minister of State for Trade and Industry Low Yen Ling (left) and SCCCI president Kho Choon Keng at the investment guide's launch. https://www.businesstimes.com.sg/companies-markets/tiger-brokers-moomoo-longbridge-singapore-units-financially-independent-amid-china-crackdown-mas The Business Times en 2026-05-28T19:07:31+08:00 Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS https://cassette.sphdigital.com.sg/image/businesstimes/1366c25c8f7f1758ccc788efeb74a0d98f83421cd5a4bb5b2f3faddd8552f334 MAS said that it is following up with the three entities to reinforce its expectations of conduct and compliance. The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/australia-sues-3m-us1-4-billion-over-pfas-forever-chemicals-contamination The Business Times en 2026-05-28T18:58:02+08:00 Australia sues 3M for US$1.4 billion over PFAS ‘forever chemicals’ contamination https://cassette.sphdigital.com.sg/image/businesstimes/cf8efee6a3a50bf7a0c5ac4645ac5bec5b449b8745e00c3d85dd0978bee9063b 3M has faced thousands of lawsuits over PFAS contamination and reached a US$10.3 billion settlement in 2023 with a host of US public water systems to resolve water pollution claims. 3M has faced thousands of lawsuits over PFAS contamination and reached a US$10.3 billion settlement in 2023 with a host of US public water systems to resolve water pollution claims. https://www.businesstimes.com.sg/singapore/daily-debrief-what-happened-today-may-282 The Business Times en 2026-05-28T18:37:58+08:00 Daily Debrief: What Happened Today (May 28) https://cassette.sphdigital.com.sg/image/businesstimes/573a22950bbdb84cc624a6a9d9941fd56f37194ed4d58e5cc34e76388030c577 Wilmar XXX The investigation is part of Jakarta’s broader effort to tighten control over strategic commodity flows. https://www.businesstimes.com.sg/lifestyle/veteran-painter-christine-mak-raises-funds-bt-baf-never-seen-artworks The Business Times en 2026-05-28T18:31:44+08:00 Veteran painter Christine Mak raises funds for BT BAF with never-before-seen artworks https://cassette.sphdigital.com.sg/image/businesstimes/560b950fa85d8e45e03b0118eee311a785f316b3ed8e8371326d5c02b9a922df Christine Mak (centre) is known for her sold-out shows, with collectors buying entire exhibitions on opening nights. Christine Mak (centre) is known for her sold-out shows, with collectors buying entire exhibitions on opening nights. https://www.businesstimes.com.sg/international/temu-fined-200-million-euros-breaching-eu-rules-sale-illegal-products The Business Times en 2026-05-28T18:30:30+08:00 Temu fined 200 million euros for breaching EU rules on sale of illegal products https://cassette.sphdigital.com.sg/image/businesstimes/dcb030592fe2b79bf08e0426221bd908db1ba9fd6d568a8e9df04b5f79d8306a The fine on Temu is the second under the DSA, after Elon Musk’s social media network X was fined 120 million euros last December. The fine on Temu is the second under the DSA, after Elon Musk’s social media network X was fined 120 million euros last December. https://www.businesstimes.com.sg/international/global/what-behind-rising-volume-russian-oil-arriving-singapore The Business Times en 2026-05-28T18:22:09+08:00 What is behind the rising volume of Russian oil arriving in Singapore? https://cassette.sphdigital.com.sg/image/businesstimes/9ae189dec41f302471db0114bddf5c366497bd2f4cca510d945b246c56ee246f Analysts said there has been a rising demand for Russian oil in China and India. Analysts said there has been a rising demand for Russian oil in China and India. https://www.businesstimes.com.sg/companies-markets/banking-finance/dbs-ceo-tan-su-shan-ranks-sixth-globally-fortunes-most-powerful-women-list-2026 The Business Times en 2026-05-28T18:08:08+08:00 DBS CEO Tan Su Shan ranks sixth globally on Fortune’s most powerful women list in 2026 https://cassette.sphdigital.com.sg/image/businesstimes/044c408b7fe40de9a95082437098beb778762fd1185dd601a3f5d0ca351df43a Fortune notes that Tan Su Shan made history in 2025 as the first woman to lead DBS, South-east Asia’s largest bank by assets. Fortune notes that Tan Su Shan made history in 2025 as the first woman to lead DBS, South-east Asia’s largest bank by assets. https://www.businesstimes.com.sg/lifestyle/food-drink/progressive-asian-food-cbd The Business Times en 2026-05-28T18:00:00+08:00 Progressive Asian food in the CBD https://cassette.sphdigital.com.sg/image/businesstimes/86799c1c14045dd85196214904094b0e8f2a72c2f9e81db83b4e0ae8d5f6d019 Artwork takes centre stage at ASIN. Artwork takes centre stage at Asin. https://www.businesstimes.com.sg/opinion-features/too-much-time-colleagues-can-sour-social-interaction The Business Times en 2026-05-28T18:00:00+08:00 Too much time with colleagues can sour social interaction https://cassette.sphdigital.com.sg/image/businesstimes/9fc01fac8458b967c3e34b59c8dc5c8de14e038c5243c7f68a783fd0b81dfc08 Tensions between colleagues can arise when boundaries are broken. Tensions between colleagues can arise when boundaries are broken. https://www.businesstimes.com.sg/international/asean/vietnams-top-leader-lam-make-state-visit-singapore-give-shangri-la-dialogue-keynote The Business Times en 2026-05-28T18:00:00+08:00 Vietnam’s top leader To Lam to make state visit to Singapore, give Shangri-La Dialogue keynote https://cassette.sphdigital.com.sg/image/businesstimes/4fb0e0bebaea90b0d13837a494f772c9f923a0303ecffb49d631542b4e3d2e23 The Vietnamese president is due to deliver the keynote address at defence summit Shangri-La Dialogue on Friday evening, and will be the first general secretary of a communist party to do so. After President To Lam's Singapore stop, he will continue on to the Philippines. https://www.businesstimes.com.sg/international/boeing-ceo-says-200-jet-china-deal-initial-tranche-more-come The Business Times en 2026-05-28T17:56:48+08:00 Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come https://cassette.sphdigital.com.sg/image/businesstimes/ced882ad3e5998f2bb971f37506c670759692c664f01f0220efc13ee7e9eb5cf Boeing CEO Kelly Ortberg says his trip reopens the market to Boeing's narrowbody planes for the first time in nearly a decade. Boeing CEO Kelly Ortberg says his trip reopens the market to Boeing's narrowbody planes for the first time in nearly a decade. https://www.businesstimes.com.sg/international/asean/vietnam-records-strongest-private-capital-rebound-years-despite-zero-ipo-exits The Business Times en 2026-05-28T17:55:56+08:00 Vietnam records strongest private capital rebound in years despite zero IPO exits https://cassette.sphdigital.com.sg/image/businesstimes/c32aecb68df786908535f96fef6a2bb4cbef7481e9927d751f5171a994569ad1 On the Ho Chi Minh City Stock Exchange, IT companies have a representation of only around 5%, compared with 35% on the US’ S&P 500 index. On the Ho Chi Minh City Stock Exchange, IT companies have a representation of only around 5%, compared with 35% on the US’ S&P 500 index. https://www.businesstimes.com.sg/international/global/china-says-eu-cherry-picking-justify-trade-curbs-warns-response The Business Times en 2026-05-28T17:53:42+08:00 China says EU cherry-picking to justify trade curbs, warns of response https://cassette.sphdigital.com.sg/image/businesstimes/83b50dfc49a9f5331c9cd5011366609a8b670b323df438a21dc4514826709643 The EU’s goods trade deficit with China increased by 2.7% from a year earlier in 2025, reaching 359.9 billion euros. The EU’s goods trade deficit with China increased by 2.7% from a year earlier in 2025, reaching 359.9 billion euros. https://www.businesstimes.com.sg/wealth/wealth-investing/ubs-family-office-clients-cut-us-dollar-exposure-wealth-revamp The Business Times en 2026-05-28T17:22:41+08:00 UBS family office clients cut US dollar exposure in wealth revamp https://cassette.sphdigital.com.sg/image/businesstimes/a8f28f2ce741e4f9c2082f16dba24dc90d79fa7b279cf0e77149c496186d404c Nearly a third of top private wealth firms slash US dollar asset allocations, according to UBS report. Nearly a third of top private wealth firms slash US dollar asset allocations, according to UBS report. https://www.businesstimes.com.sg/companies-markets/michelin-cut-1500-jobs-france-reduce-costs The Business Times en 2026-05-28T17:13:44+08:00 Michelin to cut up to 1,500 jobs in France to reduce costs https://cassette.sphdigital.com.sg/image/businesstimes/d87a154fbf38d489ce6c78337e71371d5007c13ed998569e01ad4262e0b59521 Michelin said the job cuts would be on a voluntary basis and staff would be offered mobility and training opportunities to shift towards new roles. Michelin said the job cuts would be on a voluntary basis and staff would be offered mobility and training opportunities to shift towards new roles. https://www.businesstimes.com.sg/opinion-features/singapores-career-bridges-must-be-built-workers-lose-their-footing The Business Times en 2026-05-28T17:00:00+08:00 Singapore’s ‘career bridges’ must be built before workers lose their footing https://cassette.sphdigital.com.sg/image/businesstimes/f9c0c831a3c1bac794993f5313a714e10087da3475fae193f01cf368fd39a534 Despite relatively low unemployment in many markets, workers are no longer measuring security by whether they are employed today. Despite relatively low unemployment in many markets, workers are no longer measuring security by whether they are employed today. https://www.businesstimes.com.sg/international/toyota-sales-slide-third-month-middle-east-conflict The Business Times en 2026-05-28T16:56:13+08:00 Toyota sales slide for third month on Middle East conflict https://cassette.sphdigital.com.sg/image/businesstimes/3c875f50b56a60148d5e23ad86a67e9fa99686f1c0afdfb3097b7127a763f669 Toyota has weathered the Iran war better than other carmakers, keeping factories running despite disrupted routes through Hormuz. Toyota has weathered the Iran war better than other carmakers, keeping factories running despite disrupted routes through Hormuz. https://www.businesstimes.com.sg/esg/former-sgx-veteran-chew-sutat-lead-wwf-singapore-jun-1 The Business Times en 2026-05-28T16:54:20+08:00 Former SGX veteran Chew Sutat to lead WWF-Singapore from Jun 1 https://cassette.sphdigital.com.sg/image/businesstimes/7b7883c35464f702b84b1f542bcb690d7b6377bfe7c91059689268a9152aa86f CMG20241007-NgohSB02/吴先邦/邝瑜慧, 许翔宇/Community Chest Awards 2024 [President Tharman Shanmugaratnam][Andaz Singapore, Level 3, The Glasshouse]Speech by Community Chest Chairman, Mr Chew Sutat Chew is most well-known for his 14-year career at SGX, where he served multiple senior leadership roles. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japans-rate-hike-timing-secondary-economys-readiness-ex-boj-deputy-governor-wakatabe The Business Times en 2026-05-28T16:39:37+08:00 Bank of Japan’s rate hike timing secondary to economy’s readiness: ex-BOJ Deputy Governor Wakatabe https://cassette.sphdigital.com.sg/image/businesstimes/7d4a16a2311efaf4f1e0f190fd193e78bba48cf78e398f36dd955e5ebd8b840f FILE PHOTO: File Photo: A security guard stands in front of the Bank of Japan headquarters in Tokyo, Japan, on December 19, 2025. REUTERS/Manami Yamada/File Photo/File Photo The BOJ kept its policy rate steady at 0.75 per cent last month but three of the central bank’s nine board members dissented, calling for a hike. https://www.businesstimes.com.sg/companies-markets/valuetronics-posts-69-8-fall-h2-earnings-consumer-electronics-sales-falter-revises-dividend-policy The Business Times en 2026-05-28T16:38:51+08:00 Valuetronics posts 69.8% fall in H2 earnings as consumer electronics sales falter; revises dividend policy https://cassette.sphdigital.com.sg/image/businesstimes/0e765c08db15ab6cd4a160ccf4d33dd0c3c44a3ff058568f437ec07b19335d34 Valuetronics intends to finance the buyback using existing available cash reserves. The consumer electronics segment's revenue fell 51.4% year on year to HK$84.3 million. https://www.businesstimes.com.sg/companies-markets/energy-commodities/ex-bp-chair-manifold-says-not-everyone-shared-his-efficiency-priorities-praises-executives The Business Times en 2026-05-28T16:17:03+08:00 Ex-BP chair Manifold says not everyone shared his efficiency priorities, but praises executives https://cassette.sphdigital.com.sg/image/businesstimes/96ee013202113804c31ad6a02540003d296f11030191e387e6a958aa84b04409 Sources said former BP chair Albert Manifold acted aggressively with various colleagues across the company. Sources said former BP chair Albert Manifold acted aggressively with various colleagues across the company. https://www.businesstimes.com.sg/companies-markets/banking-finance/pboc-tells-chinese-banks-boost-may-lending-credit-weakness-persists The Business Times en 2026-05-28T16:08:02+08:00 PBOC tells Chinese banks to boost May lending as credit weakness persists https://cassette.sphdigital.com.sg/image/businesstimes/db816ca55dfc6ef1f58f1c1ac397ef207ef2d1071ad5e008c1275b926d901218 Despite those instructions from the PBOC, new yuan loans contracted in April for the first time in nine months. Despite those instructions from the PBOC, new yuan loans contracted in April for the first time in nine months. https://www.businesstimes.com.sg/companies-markets/nomura-raises-annual-profit-target-50-after-record-year The Business Times en 2026-05-28T15:51:53+08:00 Nomura raises annual profit target 50% after record year https://cassette.sphdigital.com.sg/image/businesstimes/6667f45108b2d6e6aed9a1383ed0af304b6111551bb6d2cf73d2d5661e9594ed “We continue working toward sustainable growth and further improvement in our ability to generate profits,” says chief executive officer Kentaro Okuda. “We continue working toward sustainable growth and further improvement in our ability to generate profits,” says chief executive officer Kentaro Okuda. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-drop-escalating-us-iran-tensions-weigh-sentiment The Business Times en 2026-05-28T15:48:10+08:00 European shares drop as escalating US-Iran tensions weigh on sentiment https://cassette.sphdigital.com.sg/image/businesstimes/d82e0c3caf8baa2c817b9560d50165e38c160a12ed7118439558d7b3e89dc50d The Stoxx 600 dropped 0.4 per cent to 625.83, as of 0806 GMT on Thursday. The Stoxx 600 dropped 0.4 per cent to 625.83, as of 0806 GMT on Thursday. https://www.businesstimes.com.sg/companies-markets/dbs-upgrades-singtel-buy-bharti-airtel-gets-valuation-boost-upcoming-industry-tailwind The Business Times en 2026-05-28T15:25:35+08:00 DBS upgrades Singtel to ‘buy’ as Bharti Airtel gets valuation boost with upcoming industry tailwind https://cassette.sphdigital.com.sg/image/businesstimes/27cb8065a3b0aed2d6d5f53177a2a1125fe2c1283f46e29471c79e1f8e1e452c In a report on Tuesday (May 26), the brokerage also raised its 12-month target price for the telecommunications company by about 1.9 per cent to S$5.46 from S$5.36. Singtel's AI and cloud initiatives generated S$25 million in revenue from the initial phase of its data centre and AI deployment. https://www.businesstimes.com.sg/companies-markets/australian-shares-retreat-1-week-closing-low-fresh-us-iran-flare The Business Times en 2026-05-28T15:20:12+08:00 Australian shares retreat to 1-week closing low on fresh US-Iran flare-up https://cassette.sphdigital.com.sg/image/businesstimes/4c0abe63934dd36f70821a7ae3a3c4be3d73e7143e0f242edea48a2d0a95ce5e The S&P/ASX 200 index ended down 1.4 per cent at 8,592.90. The S&P/ASX 200 index ended down 1.4 per cent at 8,592.90. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/jd-com-founder-vows-protect-chinese-jobs-ai-and-robots The Business Times en 2026-05-28T15:19:24+08:00 JD.com founder vows to protect Chinese jobs from AI and robots https://cassette.sphdigital.com.sg/image/businesstimes/8f7574ccb1b49aaf9b9eb267ed2c5bb3822a17a5b50f37614391f55017933db8 JD.com's CEO and founder Richard Liu does not plan to take part in Sea Expandary’s day-to-day operations and said that the bulk of his time would remain focused on JD.com. “JD.com will not fire a single front-line worker replaced by machines,” CEO and founder Liu Qiangdong said. https://www.businesstimes.com.sg/companies-markets/us-private-credit-risks-not-mirrored-south-east-asia-ifs-capital-ceo The Business Times en 2026-05-28T15:00:00+08:00 US private credit risks not mirrored in South-east Asia: IFS Capital CEO https://cassette.sphdigital.com.sg/image/businesstimes/c2d7aa651f3408dde2d8a00b9fabd24a6a1568e918444bad86525d2255176fae “These days, private credit and direct lending are pretty synonymous, but we look at it quite differently,” said Sim. Randy Sim, group CEO of IFS Capital, says: “These days, private credit and direct lending are pretty synonymous, but we look at it quite differently.” https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/bytedance-developing-custom-cpu-chips-support-ai-roll-out-sources The Business Times en 2026-05-28T14:46:09+08:00 ByteDance developing custom CPU chips to support AI roll-out: sources https://cassette.sphdigital.com.sg/image/businesstimes/af67944f4f468bcb71a5e48041c3cbf3dcc33b12d8ab4e884262a3c69fe0dfdd ByteDance is targeting deployment of its proprietary CPU in its own servers and data centres to support internal operations. ByteDance is targeting deployment of its proprietary CPU in its own servers and data centres to support internal operations. https://www.businesstimes.com.sg/property/us-mortgage-rate-rises-nine-month-high-worsening-affordability-again The Business Times en 2026-05-28T14:16:02+08:00 US mortgage rate rises to nine-month high, worsening affordability again https://cassette.sphdigital.com.sg/image/businesstimes/7102409bb3ed9e36dbb7c69b623c563b80bcb08bc7ab7c68ceeb65942b6f68e9 The average 30-year fixed-rate mortgage rose nine basis points to 6.65% in the week ended May 22. The average 30-year fixed-rate mortgage rose nine basis points to 6.65% in the week ended May 22.