Singapore · Business
Same event, multiple sources, transparently cited.
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IEA warns global oil markets risk 'red zone' by July-August amid Middle East supply disruptions
IEA executive director Fatih Birol warned July-August 2026 may bring critical oil supply shortages due to Middle East conflict and dwindling stocks.
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Singapore sees rise in COVID-19 cases as Malaysia reports stable situation with no deaths
Singapore reported a 59% week-on-week rise in COVID-19 cases while Malaysia recorded a stable COVID-19 situation with no deaths in 2026.
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Stamford Catering fined S$8,000 after over 180 fall ill with gastroenteritis
Stamford Catering Services was fined S$8,000 on May 20, 2026, for food safety lapses after over 180 people reported gastroenteritis symptoms linked to its food in 2024 and 2025.
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Monetary Authority of Singapore revokes Bsquared Technology’s payment token license
The Monetary Authority of Singapore revoked Bsquared Technology’s digital payment token license over serious regulatory breaches.
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Grab consolidates Indonesian digital bank Superbank after Singtel stake transfer
Grab will consolidate Superbank into its financial services segment after Singtel transfers its stake to GXS Bank, raising Grab's share above 50%.
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London's GHO and Singapore's CBC Group to merge, forming largest healthcare investment manager
Global Healthcare Opportunities and CBC Group announced a merger to create a $21 billion healthcare investment manager.
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Singtel posts 40% rise in FY2026 net income despite weaker Singapore consumer business
Singtel reported a 40% full-year net income increase to S$5.61 billion for FY2026, driven by one-off gains and regional growth, while shares fell 6.4% today.
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Lawson launches multilingual video guide system at three Tokyo stores for foreign customers
Lawson began trialing a multilingual video guide system in three Tokyo stores to help foreign customers buy hot food and play AR games.
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Bedok Food Centre Businesses Slow After TB Cluster and Deep Cleaning
Bedok Food Centre and Market in Singapore reopened on May 20 after TB screening and cleaning, but footfall remains 40-50% below prior levels.
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Gold prices drop about 15% since February amid Iran war and inflation fears
Gold prices fell 14-15% since late February due to the Iran war and inflation concerns, trading near $4,465-$4,540 an ounce in mid-May 2026.
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OCBC Outbids Rivals to Acquire HSBC Indonesia Retail and Wealth Business
OCBC has secured the deal to buy HSBC Indonesia's retail and wealth assets, outbidding rivals by more than US$100 million.
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Singapore COE premiums rise with commercial vehicle category hitting new record
Most COE premiums rose on May 20, 2026, with commercial vehicle bids reaching a record high of S$92,223.
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Gardenia to shift bakery production from Singapore to Johor Bahru, 141 employees retrenched
Gardenia Foods announced it will move bakery production from Singapore to Johor Bahru, Malaysia, with 141 workers retrenched as of June 30, 2026.
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Singapore overtakes Indonesia as Southeast Asia's largest stock market by capitalization
Singapore’s stock market capitalization rises to about US$645 billion, surpassing Indonesia’s US$618 billion amid market outflows and regulatory uncertainty.
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Asian airlines seek government aid to survive jet fuel price surge
Asian airlines warn they face collapse without government support amid jet fuel prices more than doubling since February.
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Standard Chartered to cut 15% of corporate roles by 2030, targets over 15% return by 2028
Standard Chartered plans to cut more than 7,000 corporate jobs globally by 2030 and aims for a return on tangible equity above 15% in 2028.
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Singapore Airlines flight SQ321 turbulence investigation inconclusive on radar failure
Singapore's Transport Safety Investigation Bureau found weather radar may have missed severe turbulence that injured 79 on SQ321 in May 2024.
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Jonathan Andic arrested in investigation of Mango founder Isak Andic's death in Spain
Jonathan Andic, son of Mango founder Isak Andic, was arrested on May 19, 2026, over his father's fatal fall in 2024 near Barcelona.
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Adrian Lim returns to PropNex with 36 salespersons amid PropertyLimBrothers leadership changes
Adrian Lim, co-founder of PropertyLimBrothers, rejoined PropNex Realty leading 36 salespersons after PLB leadership controversy.
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EU imports of Russian LNG rise 16% in Q1 2026 despite 2027 phase-out pledge
The EU imported 6.9 billion cubic meters of Russian LNG in early 2026, a 16% rise from last year, while vowing to end Russian gas imports by 2027.
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Singapore watchdog cracks down on three online retailers for misleading website tactics
Singapore's Competition and Consumer Commission found three online retailers used fake website features to pressure shoppers and forced them to stop the practices.
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Bank Indonesia raises policy rate 0.5% as rupiah hits record lows against US dollar
Bank Indonesia raised its benchmark interest rate by 50 basis points to 5.25% on May 20 amid rupiah hitting record lows against the US dollar.
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Jane Street doubles Singapore office capacity amid Asia expansion
Jane Street moved into a new Singapore office in May 2026, doubling capacity to 250 seats as it expands in Asia.
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Temasek CEO says firm unlikely to meet 2030 carbon emissions target amid challenges
Temasek CEO Dilhan Pillay said May 18 the firm is unlikely to halve carbon emissions by 2030 due to global tensions and hard-to-decarbonise sectors.