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-senior-living-space The Business Times en 2026-05-29T14:00:00+08:00 Room for new ideas: Private-sector players eye opportunities in the 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-tech-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 tech pivot beyond e-commerce https://cassette.sphdigital.com.sg/image/businesstimes/23e7ef0c281013f8382ced7b0c96033012254ae33ee2f13487a830f5468c16f9 Sea joins a growing number of companies that are investing in AI to catalyse growth while competition in their core business intensifies. Sea joins a growing number of companies that are investing in AI to catalyse growth while competition in their core business intensifies. 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 KL 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 the regulator 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-eyes-more-asia-deals-after-us10-billion-spree-revamp-empire The Business Times en 2026-05-29T09:45:44+08:00 SGX-listed Jardine eyes more Asia deals after US$10 billion spree to revamp empire https://cassette.sphdigital.com.sg/image/businesstimes/6b1055981d6ca5f6fc796d19dab222e05f37918752cb041b73f420055b968d26 Conglomerates are a deeply rooted feature of Hong Kong’s commerce landscape, with Jardine tracing its history back to an opium trading house founded in 1832. Conglomerates are a deeply rooted feature of Hong Kong’s commerce landscape, with Jardine tracing its history back to an opium trading house founded in 1832. 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-posts-s15-5-billion-net-order-book-end-march The Business Times en 2026-05-29T08:21:14+08:00 Seatrium posts S$15.5 billion net order book as at end-March 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. Seatrium completed 46 vessel repairs and upgrades in Q1, including a floating storage regasification unit conversion and five liquefied natural gas carriers. 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/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/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/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/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/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/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-26-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 26% 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/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/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/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. https://www.businesstimes.com.sg/lifestyle/style-travel/dries-van-notens-next-act-bigger-fashion The Business Times en 2026-05-28T14:15:00+08:00 Dries Van Noten’s next act is bigger than fashion https://cassette.sphdigital.com.sg/image/businesstimes/daa0535e1b128cf9229608f829324b782435d97e7971c1894449a7afc05d65d5 Dries Van Noten opens his foundation in a 15th-century Venetian palazzo. Dries Van Noten launches his foundation in a 15th-century Venetian palazzo. https://www.businesstimes.com.sg/international/asean/malaysia-steps-gas-cuts-coal-use-power-demand-surges-record The Business Times en 2026-05-28T13:36:22+08:00 Malaysia steps on gas, cuts coal use as power demand surges to record https://cassette.sphdigital.com.sg/image/businesstimes/4e2e651778c821d49c5cc3a4a3910ecd6ddd88f4657fab64fb82c5e2a4348ec6 Malaysia’s strategy marks a departure from decades of high reliance on imported coal to keep costs low and comes as other Asian gas users. Malaysia’s strategy marks a departure from decades of high reliance on imported coal to keep costs low. https://www.businesstimes.com.sg/companies-markets/teo-siong-seng-take-leave-absence-pacific-international-lines-and-nus-addition-sbf The Business Times en 2026-05-28T13:00:00+08:00 Teo Siong Seng to take leave of absence from Pacific International Lines and NUS, in addition to SBF https://cassette.sphdigital.com.sg/image/businesstimes/60a4840d768b55f6e235bf50f4d059cf7ec9f6f6ccea18661d73b5c3ba9fef8c Teo Siong Seng will not seek re-election as chairman of the Singapore Business Federation. Teo Siong Seng has cited the need to “focus his attention to addressing the indictment by the US Department of Justice". https://www.businesstimes.com.sg/companies-markets/wilmar-says-it-has-not-received-official-notice-indonesia-probe-suspected-export-under-invoicing The Business Times en 2026-05-28T12:50:18+08:00 Wilmar says it has not received official notice of Indonesia probe into suspected export under-invoicing 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/property/te-capital-partners-hillhouse-backed-dash-living-acquire-prime-tokyo-housing-asset The Business Times en 2026-05-28T12:50:07+08:00 TE Capital Partners, Hillhouse-backed Dash Living acquire prime Tokyo housing asset https://cassette.sphdigital.com.sg/image/businesstimes/7fb0685dbadbf122c4d9fda5dbc5226a484a6baa5821ef4297ff64bfabe55770 The seven-storey property comprises 102 residential units, five retail units and 81 parking spaces. The seven-storey property comprises 102 residential units, five retail units and 81 parking spaces. https://www.businesstimes.com.sg/companies-markets/competition-watchdog-clears-sp-mobilitys-acquisition-chargeco The Business Times en 2026-05-28T12:29:34+08:00 Competition watchdog clears SP Mobility’s acquisition of ChargEco https://cassette.sphdigital.com.sg/image/businesstimes/7075c01b12c2f2205fe9eaad365133936b6edd5d7c6e3396d13c48cedc77721d The green light comes after SP Mobility offered a series of pricing and non-discriminatory commitments to address antitrust concerns raised during public consultations. The green light comes after SP Mobility offered a series of pricing and non-discriminatory commitments to address antitrust concerns. https://www.businesstimes.com.sg/companies-markets/transport-logistics/chinas-auto-industry-unlikely-return-golden-era-nio-ceo-says The Business Times en 2026-05-28T12:21:18+08:00 China’s auto industry is unlikely to return to ‘golden era’, Nio CEO says https://cassette.sphdigital.com.sg/image/businesstimes/f5e06df356089da72eabef371d9c524e38a53f065b501aa865f00671c184afee Nio CEO William Li said China remains the most efficient place to invest in pure electric vehicles. Nio CEO William Li said China remains the most efficient place to invest in pure electric vehicles. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/penang-chipmakers-cheer-soaring-demand-even-gamers-feel-pain The Business Times en 2026-05-28T12:04:29+08:00 Penang chipmakers cheer soaring demand even as gamers feel the pain https://cassette.sphdigital.com.sg/image/businesstimes/0dd2f3e98930cdb775ef28db7cdd48306aa21e9f2e5c38504ce65d198743d68b Micron’s facility in Batu Kawan, in Penang state, is the giant memory chipmaker's largest in Malaysia. Micron’s facility in Batu Kawan, in Penang state, is the giant memory chipmaker's largest in Malaysia. https://www.businesstimes.com.sg/property/millions-filipinos-owning-home-dream-market-was-never-built-fulfil The Business Times en 2026-05-28T12:01:54+08:00 For millions of Filipinos, owning a home is a dream the market was never built to fulfil https://cassette.sphdigital.com.sg/image/businesstimes/3e8d65587d871894c184bba45b7b7e200b548b8a2997ca7009dc1e4ab64bd5e2 mahouse - Corporate professional Dayanara Lim is set to move into a smaller condominium unit amid high rental rates in Metro Manila, Philippines. ST PHOTO: MARA CEPEDA Finance professional Dayanara Lim is set to move into a smaller condominium unit amid high rental rates in Metro Manila, Philippines. https://www.businesstimes.com.sg/startups-tech/startups/youtrip-plans-entry-two-more-markets-launches-new-family-offering-singapore The Business Times en 2026-05-28T12:00:00+08:00 YouTrip plans entry into two more markets, launches new family offering in Singapore https://cassette.sphdigital.com.sg/image/businesstimes/add0018a8c59615e5457f0f2a031e5d71df3c06ee90c98a3849e965fd7dd5767 Through YouTrip Family, the fintech is looking to gain insights into the habits of future spenders. Through YouTrip Family, the fintech is looking to gain insights into the habits of future spenders. https://www.businesstimes.com.sg/companies-markets/ai-boom-fuels-record-us14-5-billion-taiwan-tech-firm-borrowing The Business Times en 2026-05-28T11:27:09+08:00 AI boom fuels record US$14.5 billion in Taiwan tech firm borrowing https://cassette.sphdigital.com.sg/image/businesstimes/f71f8e1ec3bbeb10e9e547e1cdb00d8d252e916ac020c8ebc0bfe046f72218e6 Hon Hai expects AI hardware to be its key growth driver this year, as the business has surpassed smartphones as the biggest contributor to sales. Hon Hai expects AI hardware to be its key growth driver this year, as the business has surpassed smartphones as the biggest contributor to sales. https://www.businesstimes.com.sg/international/asean/indonesias-commodity-clout-numbers The Business Times en 2026-05-28T11:08:25+08:00 Indonesia’s commodity clout in numbers https://cassette.sphdigital.com.sg/image/businesstimes/26ff0bbb50dd4bfb0061894f24f390abbaac3b7e84a31ae9ff843f45ef72fcd7 Indonesia's surprise move to centralize exports of strategic commodities, including palm oil, has sparked alarm. Indonesia's surprise move to centralise exports of strategic commodities, including palm oil, has sparked alarm. https://www.businesstimes.com.sg/singapore/economy-policy/singapore-real-wages-improved-4-2025-inflation-eases-nominal-wage-growth-slows-mom The Business Times en 2026-05-28T11:00:00+08:00 Singapore real wages up an improved 4% in 2025 as inflation eases; nominal wage growth slows: MOM https://cassette.sphdigital.com.sg/image/businesstimes/f3bd1e0b0b4691e61f5edbeffe823ff84909907143cc71511b63ef5e57a40807 MOM noted that the moderation in nominal wage growth coincided with easing inflation, which may have reduced upward pressure on firms to raise nominal wages. Looking ahead, the ministry expects real wage growth to remain “positive but moderated” amid geopolitical and inflation uncertainties. https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-koreas-new-chief-reveals-hawkish-posture-price-fx-risks-grow The Business Times en 2026-05-28T10:44:54+08:00 Bank of Korea’s new chief reveals hawkish posture as price, FX risks grow https://cassette.sphdigital.com.sg/image/businesstimes/5e8ff7b3501ba0a49c90e0cc3d2e2b3d658ce63bc4a7e3a2d24aa037fc4319d3 Shin Hyun-song, BOK governor, said: “Looking at prices, growth, FX rates, as well as real estate, steps we should be taking going forward is clear. The question is when, how quickly to raise them, and how far.” Shin Hyun-song, BOK governor, said: “Looking at prices, growth, FX rates, as well as real estate, steps we should be taking going forward is clear. The question is when, how quickly to raise them, and how far.” https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-ceo-jensen-huang-join-board-beijings-tsinghua-university-ft The Business Times en 2026-05-28T10:38:42+08:00 Nvidia CEO Jensen Huang to join board of Beijing's Tsinghua University: FT https://cassette.sphdigital.com.sg/image/businesstimes/c1f400014177293d1ce1a129c60eaa6381d91241c5de090490329bd4c62d7eed Nvidia CEO Jensen Huang has accepted an invitation from Tsinghua University School of Economics and Management (SEM) to join its advisory board. Nvidia CEO Jensen Huang has accepted an invitation from Tsinghua University School of Economics and Management (SEM) to join its advisory board. https://www.businesstimes.com.sg/companies-markets/koh-brothers-eco-engineering-shares-32-proposed-transfer-mainboard The Business Times en 2026-05-28T10:25:46+08:00 Koh Brothers Eco Engineering shares up 32% on proposed transfer to mainboard https://cassette.sphdigital.com.sg/image/businesstimes/39eb32a241e7a3b6350852c719903b5d01c4450e93c43ff44fb5e87e80cc18c1 The transfer “would better reflect the company’s current stage of development and future growth trajectory”, the board said. The transfer “would better reflect the company’s current stage of development and future growth trajectory”, says the board. https://www.businesstimes.com.sg/esg/china-markets-6-billion-yuan-green-sovereign-bond-hong-kong The Business Times en 2026-05-28T10:04:39+08:00 China markets 6 billion yuan green sovereign bond in Hong Kong https://cassette.sphdigital.com.sg/image/businesstimes/6bdf7ebc6bc9b28242e927d252282d2e7c1405718cc3624939a2335d7b6e06dd The renminbi-denominated note would mark the Chinese government’s first green bond issuance in Hong Kong. The renminbi-denominated note would mark the Chinese government’s first green bond issuance in Hong Kong. https://www.businesstimes.com.sg/international/global/worlds-appetite-ai-makes-china-less-afraid-stronger-renminbi The Business Times en 2026-05-28T09:40:59+08:00 World’s appetite for AI makes China less afraid of stronger renminbi https://cassette.sphdigital.com.sg/image/businesstimes/8a804f1e51841066e10919742903b08e29b9a43298754d4b192f35766983a77b The bank will continue to keep the yuan basically stable and strengthen guidance for foreign exchange market expectations. The tightly managed onshore renminbi is set for a sixth quarter of gains against the US dollar – a streak not seen since 2013. https://www.businesstimes.com.sg/companies-markets/wilmar-shares-tumble-10-5-early-trade-amid-indonesia-probe The Business Times en 2026-05-28T09:33:53+08:00 Wilmar shares tumble 10.5% in early trade amid Indonesia probe https://cassette.sphdigital.com.sg/image/businesstimes/2e0a9e7080b288aa70eca49bcf8cb92082afcee29b4975e169d56e1fe124f9e7 The investigation is part of Jakarta’s broader effort to tighten control over strategic commodity flows. The investigation into Wilmar is part of Jakarta's broader effort to tighten control over strategic commodity flows. https://www.businesstimes.com.sg/international/asean/war-stress-pushes-indonesia-thailand-lean-short-term-debt The Business Times en 2026-05-28T09:04:28+08:00 War stress pushes Indonesia, Thailand to lean on short-term debt https://cassette.sphdigital.com.sg/image/businesstimes/3f4ba124ec1e408c4f937196db0a7597131b135ce3e19b30629969616a79fea2 Indonesia’s central bank has stepped up issuance of rupiah bills to attract foreign inflows to support the rupiah. Indonesia’s central bank has stepped up issuance of rupiah bills to attract foreign inflows to support the rupiah. https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-declines-middle-east-risks-reinforce-higher-rates-bets The Business Times en 2026-05-28T08:36:41+08:00 Gold declines as Middle East risks reinforce higher rates bets https://cassette.sphdigital.com.sg/image/businesstimes/27275315779eb0708ec3db90553f44649d062674e3de9dfedc9607d3bd7e2aac Bullion typically performs badly in a higher-rate environment as it pays no interest. Bullion typically performs badly in a higher-rate environment as it pays no interest. https://www.businesstimes.com.sg/companies-markets/stocks-watch-wilmar-keppel-ihh-healthcare-koh-brothers-eco-engineering-valuetronics The Business Times en 2026-05-28T08:21:36+08:00 Stocks to watch: Wilmar, Keppel, IHH Healthcare, Koh Brothers Eco Engineering, Valuetronics https://cassette.sphdigital.com.sg/image/businesstimes/a6090419d0d9e66cbba5375099d61c4e69c3c61a88cee4d633fe859c69c4ef29 Keppel said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. Keppel says the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah claim over Jakarta land owned by its subsidiary. https://www.businesstimes.com.sg/international/global/hong-kong-gain-edge-over-singapore-asia-gold-hub-push-clearing-system The Business Times en 2026-05-28T08:04:22+08:00 Hong Kong to gain edge over Singapore in Asia gold-hub push with clearing system https://cassette.sphdigital.com.sg/image/businesstimes/39679c608b19c0faffb8d2d7781f8ea6d7e52fb27758bbe16251287e717b9c51 In Hong Kong, the infrastructure is already being laid for a significant expansion of trading, refining and storage. In Hong Kong, the infrastructure is already being laid for a significant expansion of trading, refining and storage. https://www.businesstimes.com.sg/opinion-features/asia-pacifics-energy-transition-demands-labour-market-transformation The Business Times en 2026-05-28T07:15:00+08:00 Asia-Pacific’s energy transition demands a labour market transformation https://cassette.sphdigital.com.sg/image/businesstimes/83b500a131b2fa3c608b613dd568947bc02ccddbd95bc0d161cf2e6510fb2cf2 The Bac Lieu wind farm in southern Vietnam. Many Asia-Pacific economies are targeting substantial increases in clean electricity generation by 2035. The Bac Lieu wind farm in southern Vietnam. Many Asia-Pacific economies are targeting substantial increases in clean electricity generation by 2035. https://www.businesstimes.com.sg/singapore/smes/tts-group-offering-total-traffic-solutions-cities-around-asia The Business Times en 2026-05-28T07:00:00+08:00 TTS Group: Offering ‘total traffic solutions’ for cities around Asia https://cassette.sphdigital.com.sg/image/businesstimes/0e200f071ba3a8b69f33ee210c36a4be51342123eca89b1b913ae9305787764e Managing director Kelvin Foo receiving TTS Group's Enterprise 50 Award in 2024. TTS managing director Kelvin Foo (second from left) receiving the group's Enterprise 50 Award in 2024. https://www.businesstimes.com.sg/opinion-features/shangri-la-dialogue-year-could-be-most-important-ever-amid-geopolitical-instability The Business Times en 2026-05-28T07:00:00+08:00 Shangri-La Dialogue this year could be the most important ever amid geopolitical instability https://cassette.sphdigital.com.sg/image/businesstimes/ec2bbbaa80e572f3f02329c7dadde468176ded7fc7f028db1edc9bb9440940c2 While Shangri-La is primarily a forum for Asia-Pacific issues, wider global developments will be discussed too. While Shangri-La is primarily a forum for Asia-Pacific issues, wider global developments will be discussed too. https://www.businesstimes.com.sg/opinion-features/investing-becomes-more-accessible-should-financial-education-evolve The Business Times en 2026-05-28T07:00:00+08:00 As investing becomes more accessible, should financial education evolve? https://cassette.sphdigital.com.sg/image/businesstimes/a564eaf6dd481c26bf3047f86d595d0d0eb5e125a89f68e6121b4cc4dce13068 Exposing secondary or tertiary level students to the fundamentals of investing early presents them with a key investing advantage: time. Exposing secondary or tertiary level students to the fundamentals of investing early presents them with a key investing advantage: time. https://www.businesstimes.com.sg/property/uk-student-housing-party-over-singapore-players-face-divergent-prospects-pbsa-market The Business Times en 2026-05-28T07:00:00+08:00 Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market https://cassette.sphdigital.com.sg/image/businesstimes/cf3375c1023292bf10ce1c77e571ed6c4d018fdbfd9031116f008c8da7438a9f An article published in April notes that the share of first-year students intending to live at home has risen from 32.9% in 2016 to 35.2% in 2025.  An article published in April notes that the share of first-year students intending to live at home has risen from 32.9% in 2016 to 35.2% in 2025.  https://www.businesstimes.com.sg/international/global/japanese-mid-sized-firms-flocking-south-east-asia-growth The Business Times en 2026-05-28T07:00:00+08:00 Japanese mid-sized firms flocking to South-east Asia for growth https://cassette.sphdigital.com.sg/image/businesstimes/622af8e553521d311aec3d1e4fef1bd95e9fe8ac17cb067fc0fc5525d7096aee A view of Ho Chi Minh City, Vietnam. Japanese companies typically use the market as a manufacturing and production hub. A view of Ho Chi Minh City, Vietnam. Japanese companies typically use the market as a manufacturing and production hub. https://www.businesstimes.com.sg/singapore/court-appeal-upholds-gncs-rights-ron-sims-lac-store-leases-awarding-damages The Business Times en 2026-05-28T07:00:00+08:00 Court of Appeal upholds GNC’s rights to Ron Sim’s LAC store leases, awarding of damages https://cassette.sphdigital.com.sg/image/businesstimes/98f84c2075cea143971cb92ac594a0b133b8497341d31c3d47a4b6f1f7814c9d LAC Global (Singapore) operated GNC’s franchised stores in Singapore, selling its health products and dietary supplements. LAC Global (Singapore) operated GNC’s franchised stores in Singapore, selling its health products and dietary supplements. https://www.businesstimes.com.sg/international/global/iran-and-us-trade-air-strikes-after-trump-dismisses-report-hormuz-deal The Business Times en 2026-05-28T06:59:01+08:00 Iran and US trade air strikes after Trump dismisses report of Hormuz deal https://cassette.sphdigital.com.sg/image/businesstimes/28ea84a12666b17278de6516b2836a80325972bb025623a8d51a19f4a75d09f7 The escalation in hostilities highlighted threats to the tenuous ceasefire between the US and Iran that took effect in early April. The escalation in hostilities highlighted threats to the tenuous ceasefire between the US and Iran that took effect in early April. https://www.businesstimes.com.sg/international/us-eases-some-tariffs-taiwan-formalise-trade-agreement The Business Times en 2026-05-28T06:41:35+08:00 US eases some tariffs on Taiwan to formalise trade agreement https://cassette.sphdigital.com.sg/image/businesstimes/0a22a8bf5dfd7688921243cd9f7cd17f658599779439ce2fb73d06019afaa7ce Taiwan is a major hub for the manufacture of advanced chips for smartphones and other devices, playing a crucial role in the supply chain for many US-based companies. Taiwan is a major hub for the manufacture of advanced chips for smartphones and other devices, playing a crucial role in the supply chain for many US-based companies. https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rebounds-us-hits-hormuz-targets-talks-impasse The Business Times en 2026-05-28T06:22:41+08:00 Oil rebounds as US hits Hormuz targets with talks at an impasse https://cassette.sphdigital.com.sg/image/businesstimes/de0e7672dabe19172acc7948964535e0e7f49300a6f0a860cbf5363a203bb9d6 Brent crude futures rose US$1.90, or 2.02 per cent, to US$96.19 a barrel by 8.15 am in Singapore. Crude is still on pace for a second weekly drop on optimism that the warring parties will manage to conclude at least an interim deal, despite the challenges. https://www.businesstimes.com.sg/companies-markets/keppel-track-hit-key-emissions-target-well-ahead-2050-ceo The Business Times en 2026-05-28T06:00:00+08:00 Keppel on track to hit key emissions target ‘well ahead’ of 2050: CEO https://cassette.sphdigital.com.sg/image/businesstimes/75cf6e78ed05b7ca21dadd32178fd1ab4e1840e9ed8340c8a89ad9f646bbc4b2 Energy security challenges have diverted the attention of many governments and companies, said Keppel chief executive Loh Chin Hua. Energy security challenges have diverted the attention of many governments and companies, said Keppel chief executive Loh Chin Hua. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/wall-street-indexes-post-closing-record-highs-ai-rally-pauses The Business Times en 2026-05-28T05:59:30+08:00 Wall Street indexes post closing record highs, AI rally pauses https://cassette.sphdigital.com.sg/image/businesstimes/2b989876a9d52c03ec2eea359c441f19372927421b83b0fdbebef7d0c036d5ce The S&P 500 posted 37 new 52-week highs and eight new lows while the Nasdaq Composite recorded 169 new highs and 74 new lows. Markets will next look towards the personal consumption expenditures index data on Thursday. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-stocks-end-steady-gains-autos-chemicals-offset-iran-war-uncertainty The Business Times en 2026-05-28T05:39:18+08:00 European stocks end steady as gains in autos, chemicals offset Iran war uncertainty https://cassette.sphdigital.com.sg/image/businesstimes/4d210ff5745edfde8c925cb749aebe0f05bbe2f023b4862efabdca28cda8caf4 The pan-European Stoxx 600 index closed up 0.03% at 628.18 points. The pan-European Stoxx 600 index closed up 0.03% at 628.18 points. https://www.businesstimes.com.sg/podcasts/singapore-losing-world-we-relied-intelligence-chiefs-candid-take The Business Times en 2026-05-28T05:00:00+08:00 Is Singapore losing the world we relied on? An intelligence chief’s candid take https://cassette.sphdigital.com.sg/image/businesstimes/3cfe98dc7939db2d21ab0c9a8268f6c4609ee89096a3d6755ea9cb54884cd2a3 (From right) Henry Wilkinson and host Claressa Monteiro. (From right) Henry Wilkinson and host Claressa Monteiro. https://www.businesstimes.com.sg/esg/global-clean-energy-manufacturing-supply-far-exceeds-demand The Business Times en 2026-05-27T23:45:59+08:00 Global clean energy manufacturing supply far exceeds demand https://cassette.sphdigital.com.sg/image/businesstimes/515d16b8ae9cbd3895d786b5ae499600628228c1943f279bed5e3b88cbd09d0b Solar panels in Gansu, China. The country controls more than 70% of manufacturing capacity for almost every renewable energy segment. Solar panels in Gansu, China. The country controls more than 70% of manufacturing capacity for almost every renewable energy segment. https://www.businesstimes.com.sg/companies-markets/american-airlines-sees-resilient-demand-cushioning-fuel-price-hit The Business Times en 2026-05-27T22:34:02+08:00 American Airlines sees resilient demand cushioning fuel-price hit https://cassette.sphdigital.com.sg/image/businesstimes/d7503ee62f80796c4e6a20881fb1ae6e5464f832519ffbe9aa19ee06ea0af93a Stronger revenue, premium demand and corporate travel are set to help American Airlines cushion the hit from rising oil costs. Stronger revenue, premium demand and corporate travel are set to help American Airlines cushion the hit from rising oil costs. https://www.businesstimes.com.sg/international/us-denies-iran-report-draft-peace-deal-reopen-strait-hormuz The Business Times en 2026-05-27T22:24:20+08:00 US denies Iran report on draft peace deal to reopen Strait of Hormuz https://cassette.sphdigital.com.sg/image/businesstimes/6c3512d957424534e523b9d9d3c0920677eb4084e7be9b46756c67e555cb7397 The draft agreement, which the US has denied, said Iran and Oman would have a mechanism in place to oversee shipping in the Strait of Hormuz. The draft agreement, which the US has denied, said Iran and Oman would have a mechanism in place to oversee shipping in the Strait of Hormuz. https://www.businesstimes.com.sg/lifestyle/inside-singapore-home-trades-glass-walls-new-england-charm The Business Times en 2026-05-27T22:23:06+08:00 Inside a Singapore home that trades glass walls for New England charm https://cassette.sphdigital.com.sg/image/businesstimes/7d94b4594b9c238ec1a0464069bcfe0414e46e0c236ed80257a3690541e06156 The New York-inspired "brownstone" house. The New York-inspired "brownstone" house. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-snapshot-wall-st-opens-higher-ai-optimism-mideast-truce-hopes The Business Times en 2026-05-27T22:03:29+08:00 Wall Street opens higher on AI optimism, Middle East truce hopes https://cassette.sphdigital.com.sg/image/businesstimes/a937ea1434b5c023847f81bb3debee3a165ceda0ddcbed279f3b8e26ed68a721 Gains are being driven by sustained artificial intelligence-driven momentum. Gains are being driven by sustained artificial intelligence-driven momentum. https://www.businesstimes.com.sg/companies-markets/lululemon-settles-dispute-founder-shaking-board The Business Times en 2026-05-27T21:41:23+08:00 Lululemon settles dispute with founder by shaking up board https://cassette.sphdigital.com.sg/image/businesstimes/05cc1a5e9f9f69836a00f7c02c75de1b8e95212c1f45fdb24888e322cad14c60 The settlement between Lululemon Athletica and founder Chip Wilson stands to remove a significant distraction before the company's new CEO arrives in September 2026. The settlement stands to remove a significant distraction before the company's new CEO arrives in September. https://www.businesstimes.com.sg/companies-markets/energy-commodities/aluminium-price-spike-middle-east-war-fans-costs-us-solar-industry The Business Times en 2026-05-27T21:29:04+08:00 Aluminium price spike from Middle East war fans costs for US solar industry https://cassette.sphdigital.com.sg/image/businesstimes/2c0da9cf3b5f799e9ab312a349579974cab970338efc5f5c98457a995c721223 Aluminium is vital for solar racking components such as rails, clamps, and brackets to mount solar panels. Aluminium is vital for solar racking components such as rails, clamps, and brackets to mount solar panels. https://www.businesstimes.com.sg/companies-markets/indigo-air-india-cut-june-july-domestic-flights-amid-high-jet-fuel-prices-sources The Business Times en 2026-05-27T20:58:06+08:00 IndiGo, Air India cut June-July domestic flights amid high jet fuel prices: sources https://cassette.sphdigital.com.sg/image/businesstimes/c5dec0aeff4ab16fe4b2f2d0098a5231159a6548febf18d0972c9b254dca16bb IndiGo has cut around 7% to 10% of its planned domestic flights for the period, sources say. IndiGo has cut around 7% to 10% of its planned domestic flights for the period, sources say. https://www.businesstimes.com.sg/international/germany-spain-push-back-european-plan-ban-huawei-gear The Business Times en 2026-05-27T19:27:41+08:00 Germany, Spain push back on European plan to ban Huawei gear https://cassette.sphdigital.com.sg/image/businesstimes/0da32b7e97968bbe4da27b6fbb72ec1fc32aca25b3bde1bb6f4dae3bd2c96e2d Huawei believes a proposal to exclude Chinese suppliers based on their country of origin “violates the EU’s basic legal principles of fairness”. Huawei believes a proposal to exclude Chinese suppliers based on their country of origin “violates the EU’s basic legal principles of fairness”. https://www.businesstimes.com.sg/companies-markets/tsmc-ceo-pledges-over-30-incentive-bump-ai-profits-soar The Business Times en 2026-05-27T19:16:57+08:00 TSMC CEO pledges over 30% incentive bump as AI profits soar https://cassette.sphdigital.com.sg/image/businesstimes/e7442b627e7e5c6c72cdde42e651965c5ff95f4bf28583479e72e08669412150 TSMC has elevated its gross margin to 66% this year. TSMC has elevated its gross margin to 66% this year. https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-banks-tighten-scrutiny-chinese-clients-after-trading-curbs The Business Times en 2026-05-27T19:06:06+08:00 Hong Kong banks tighten scrutiny of Chinese clients after trading curbs https://cassette.sphdigital.com.sg/image/businesstimes/21963452c426185279b36992a5f3358d0ca6deace093b955baa6fb56dcdb070b Some major Chinese banks operating in Hong Kong have suspended the opening of investment and wealth management accounts for mainland residents, sources say. Some major Chinese banks operating in Hong Kong have suspended the opening of investment and wealth management accounts for mainland residents, sources say. https://www.businesstimes.com.sg/companies-markets/koh-brothers-eco-engineering-proposes-transfer-sgx-mainboard The Business Times en 2026-05-27T18:41:31+08:00 Koh Brothers Eco Engineering proposes transfer to SGX mainboard https://cassette.sphdigital.com.sg/image/businesstimes/557e0e49c2b84ef11ad1208b6574de88e07c1acfd876fcd5c1a24e7398a74035 Koh Brothers Eco Engineering has been listed on the catalist board of SGX since Feb 27, 2006. Koh Brothers Eco Engineering has been listed on the Catalist board of SGX since Feb 27, 2006. https://www.businesstimes.com.sg/companies-markets/size-matters-ocbcs-bank-singapore-doubles-down-ultra-wealthy-and-bankers-chasing-them The Business Times en 2026-05-27T18:22:35+08:00 Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them https://cassette.sphdigital.com.sg/image/businesstimes/e392e25345a16d4b7bec6b01f5d1504038aeec5b09abd390ce215d2605cfb84c Jason Moo, CEO, Bank of Singapore, says the lender is hiring "pretty aggressively" in 2026. Jason Moo, CEO of Bank of Singapore, says the lender is hiring "pretty aggressively" in 2026. https://www.businesstimes.com.sg/international/europe-heat-wave-triggers-tropical-nights-and-soaring-fan-sales The Business Times en 2026-05-27T18:06:53+08:00 Europe heat wave triggers tropical nights and soaring fan sales https://cassette.sphdigital.com.sg/image/businesstimes/c987a8e67727dc5a90becd638b2ae876114d721a73bc481cfd4a0af5f9b0616f Heat health alerts are in effect through Thursday across England, with amber warnings for the southern half of the country. Heat health alerts are in effect through Thursday across England, with amber warnings for the southern half of the country. https://www.businesstimes.com.sg/opinion-features/legacy-jay-powell-fed The Business Times en 2026-05-27T18:00:00+08:00 The legacy of Jay Powell at the Fed https://cassette.sphdigital.com.sg/image/businesstimes/d0f2fdf94d2236ea09698ee0dc3535caafc09e98416bec9d1fdb939ddbe2ca7a The fact that Jerome Powell plans to remain on the Fed’s board is encouraging, since the next few years are likely to be challenging for US monetary stability. The fact that Powell plans to remain on the Fed’s board is encouraging, since the next few years are likely to be challenging for US monetary stability. https://www.businesstimes.com.sg/international/global-fuel-crisis-adds-urgency-cambodian-push-tap-us300-billion-energy-resources The Business Times en 2026-05-27T17:37:03+08:00 Global fuel crisis adds urgency to Cambodian push to tap US$300 billion energy resources https://cassette.sphdigital.com.sg/image/businesstimes/ef68b0d9ff29c3b4d771a4cf539aa074b8a43403026c77bf3375860fe8df39ee International oil and gas majors, including TotalEnergies, are reportedly keen on potentially starting offshore exploration activities in the Gulf of Thailand. International oil and gas majors, including TotalEnergies, are keen on potentially starting offshore exploration activities in the Gulf of Thailand. https://www.businesstimes.com.sg/singapore/smes/food-delivery-platform-whyq-brings-ai-its-corporate-catering-niche The Business Times en 2026-05-27T17:27:52+08:00 Food delivery platform WhyQ brings AI into its corporate catering niche https://cassette.sphdigital.com.sg/image/businesstimes/cedded30933876a82f8210459edb820171926da0a621941120185d83acb50c05 WhyQ is developing an AI-powered platform to support its existing ordering sites customised to individual clients. WhyQ has its origins in the experiences of co-founders Rishabh Singhvi (left) and Varun Saraf, who were weary of the lack of vegetarian options in corporate catering. https://www.businesstimes.com.sg/companies-markets/why-huaweis-new-chipmaking-plan-has-investors-buzzing The Business Times en 2026-05-27T17:20:12+08:00 Why Huawei’s new chipmaking plan has investors buzzing https://cassette.sphdigital.com.sg/image/businesstimes/688e68321141439d6d3b6a217e921d71617ef5b20b4219d8d7236a022fd80f48 Huawei’s proposed Tau Scaling Law seeks to improve performance by shortening the distance that data must travel inside a processor. Huawei’s proposed Tau Scaling Law seeks to improve performance by shortening the distance that data must travel inside a processor. https://www.businesstimes.com.sg/property/mamdanis-plan-aims-shore-housing-authority-and-build-affordable-homes The Business Times en 2026-05-27T17:11:21+08:00 Mamdani’s plan aims to shore up housing authority and build affordable homes https://cassette.sphdigital.com.sg/image/businesstimes/9330b638aa9bc8920c2f8669a4d7b5d567beae58862f9dfc5649c30bf712e8c4 NYC Mayor Mamdani said: “Let the largest city in the nation deliver the largest municipal housing transformation this country has ever seen.” NYC Mayor Zohran Mamdani said: “Let the largest city in the nation deliver the largest municipal housing transformation this country has ever seen.” https://www.businesstimes.com.sg/opinion-features/putin-and-trump-dont-have-cards The Business Times en 2026-05-27T17:00:00+08:00 Putin and Trump don’t have the cards https://cassette.sphdigital.com.sg/image/businesstimes/d14676d9937de980a86ffdbff7848f63f41dcc1918fc5b2f2ed3f098ce0ced8e Ukraine has turned its battlefront into a charnel house with Russia’s casualty rate at 35,000 a month. Ukraine has turned its battlefront into a charnel house with Russia’s casualty rate at 35,000 a month. https://www.businesstimes.com.sg/international/hong-kong-overtakes-switzerland-top-offshore-wealth-hub The Business Times en 2026-05-27T16:56:52+08:00 Hong Kong overtakes Switzerland as top offshore wealth hub https://cassette.sphdigital.com.sg/image/businesstimes/8b5ac62e0228d4e6b00be64d64e64fad345fa092c3bfe8e3be57fa2fca13ea6b Hong Kong is aggressively pitching its low taxes, deep talent pool and booming capital markets to the global elite. Hong Kong is aggressively pitching its low taxes, deep talent pool and booming capital markets to the global elite. https://www.businesstimes.com.sg/international/hong-kong-home-prices-extend-rising-streak-april The Business Times en 2026-05-27T16:49:28+08:00 Hong Kong home prices extend rising streak in April https://cassette.sphdigital.com.sg/image/businesstimes/94e0f9cb6a2f0d46d27e51c99327dd23d3fe4756e288f2de18e88e23951199e6 Brokerage analysts forecast gains of at least 10% for Hong Kong's home prices for 2026. Brokerage analysts forecast gains of at least 10% for Hong Kong's home prices for 2026. https://www.businesstimes.com.sg/international/thai-housing-demand-recovering-outlook-clouded-energy-shock-risks The Business Times en 2026-05-27T16:37:47+08:00 Thai housing demand recovering, but outlook clouded by energy shock risks https://cassette.sphdigital.com.sg/image/businesstimes/c612760e5a5701881d673aa6c3cbef621e5f1afe0892bea1a298aa6f29f70ec3 Phuket is among the areas in Thailand where foreign homebuying has been concentrated. Phuket is among the areas in Thailand where foreign homebuying has been concentrated. https://www.businesstimes.com.sg/companies-markets/banking-finance/once-investor-darlings-australian-banks-get-reality-check-mortgage-change The Business Times en 2026-05-27T16:29:40+08:00 Once investor darlings, Australian banks get reality check on mortgage change https://cassette.sphdigital.com.sg/image/businesstimes/c4cf7a1e925bb6d14ec0ce6bc63960a674e2988bf478f1896c4b50defe157da5 CBA is the market leader in home lending, with a 25% market share, followed by Westpac, NAB, and ANZ, their latest financial filings showed. CBA is the market leader in home lending, with a 25% market share, followed by Westpac, NAB and ANZ, their latest financial filings showed. https://www.businesstimes.com.sg/international/business-usual-fakes-piracy-thrive-vietnam-us-tariff-deadline-nears The Business Times en 2026-05-27T16:01:51+08:00 ‘Business as usual’: Fakes, piracy thrive in Vietnam as US tariff deadline nears https://cassette.sphdigital.com.sg/image/businesstimes/4d1541fccc6f8f3003e3783d2b96081148f9a9d7ecf5d4242806828412385cae Hanoi's Ninh Hiep is among about 30 “notorious markets” worldwide identified by the USTR in its latest annual report on counterfeiting and piracy. Hanoi's Ninh Hiep is among about 30 “notorious markets” worldwide identified by the USTR in its latest annual report on counterfeiting and piracy. https://www.businesstimes.com.sg/lifestyle/us140000-evs-and-heritage-gold-rise-chinas-homegrown-luxury-market The Business Times en 2026-05-27T15:05:42+08:00 US$140,000 EVs and heritage gold: The rise of China’s homegrown luxury market https://cassette.sphdigital.com.sg/image/businesstimes/29b207f0be6155848845e5d94219f0479208a0aa6f83f15f665aba20239669f1 Li Maozai behind the steering wheel of his Maextro S800, built by Huawei and JAC Motors, in Nanchang, China. At US$140,000, the car wasn’t cheap, but it was much less expensive than European luxury vehicles. Li Maozai behind the steering wheel of his Maextro S800, built by Huawei and JAC Motors, in Nanchang, China. At US$140,000, the car wasn’t cheap, but it was much less expensive than European luxury vehicles. https://www.businesstimes.com.sg/singapore/economy-policy/competing-value-not-cost-why-singapore-appeals-german-manufacturers The Business Times en 2026-05-27T15:00:00+08:00 Competing on value, not cost: Why Singapore appeals to German manufacturers https://cassette.sphdigital.com.sg/image/businesstimes/b5dd2bbef72d515415bd9ff52d98e91a1595f9f79986f67e44a78e1a36f1ce49 An artist’s impression of Siemens’ planned S$299 million digital factory in Singapore, which will produce industrial automation products and support the Republic’s push into advanced manufacturing. Siemens' planned 200-million-euro digital factory in Singapore will produce industrial automation products.