Daily Debrief: What Happened Today (Jun 2)

Stories you might have missed

Airline revenues to hit near US$1 trillion record in 2025 even as trade tensions bite: Iata

[SINGAPORE] Airlines’ revenues will hit a record of close to US$1 trillion in 2025 with a stable net profit of US$36 billion.

Share buybacks on SGX surge 84% in first five months to 5-year high of S$930 million

[SINGAPORE] In the first five months of 2025, 63 primary-listed Singapore companies conducted share buybacks through open market acquisitions, spending a total of S$930 million – an 84 per cent jump from S$505 million in the same period last year.

Don’t blame high rents for F&B business closures

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[SINGAPORE] Singapore prides itself as a food haven. Residents and visitors love wining and dining at the wide range of food and beverage outlets here.

Thailand’s virtual bank race heats up – but real disruption may take time

[BANGKOK] Thailand’s finance ministry is set to issue three virtual banking licenses by mid-June – a move that could jolt the country’s lucrative but tightly held financial sector, long dominated by a few powerful incumbents. The digital permits aim to inject long-awaited competition into the banking landscape.

Singapore shares fall after Trump vows to double steel tariffs; STI down 0.1%

[SINGAPORE] Shares on the Singapore bourse ended lower on Monday (Jun 2), after US President Donald Trump said last week that he would double tariffs on steel and aluminium to 50 per cent to “even further secure” the US steel industry.