Singapore · Business
Same event, multiple sources, transparently cited.
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Philippines tops global solar panel spending with $407M imports amid rising power costs
The Philippines imported $407 million in solar panels from March to May 2026, a 145% surge after electricity prices rose 10%.
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Singapore’s GIC grants Kenedix first rights to negotiate Tokyo office space sale
Singapore’s sovereign wealth fund GIC gave Japanese developer Kenedix first negotiation rights for office floors in Tokyo’s Pacific Century Place Marunouchi building.
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Samsung and SK Group to invest up to $1.7 trillion in South Korea’s chip and AI sectors
Samsung and SK Group announced plans to invest about 2,000 trillion won ($1.3 to $1.7 trillion) over 10 years in South Korea’s semiconductor and AI industries.
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Firmus to build 360MW Nvidia-backed AI data centre campus in Batam, Indonesia
Australian startup Firmus Technologies will build a 360MW AI data centre campus in Batam with Nvidia and DayOne, operational by early 2027.
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Oil prices climb as US-Iran military strikes renew and halt agreement emerges
Renewed US-Iran strikes in late June 2026 raised oil prices amid a tentative halt and planned talks on Strait of Hormuz shipping.
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World Bank Approves $1.1 Billion Support Package for Bangladesh's Food Security and Economy
The World Bank approved two loans totaling $1.1 billion to Bangladesh for fertilizer imports and emergency economic support.
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Singapore tightens workplace safety rules after 21 fatalities in first half of 2026
Singapore's Ministry of Manpower announced stricter workplace safety enforcement after 21 workers died in the first half of 2026.
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Ohmyhome sells core real estate business for US$1, shifts focus to digital marketing
Singapore-based Ohmyhome sold its main real estate brokerage unit for US$1 and will now focus on digital marketing services.
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Singapore school bus operators may raise fares up to 20% in July and August over fuel costs
School bus operators in Singapore can apply fuel surcharges up to 20% on fares for July and August due to high fuel prices.
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Binance fails EU crypto license in Greece, plans to stop services to European users
Binance failed to secure a MiCA license in Greece by the June 30 deadline and will cease services to EU customers next week unless authorized elsewhere.
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Singapore's manufacturing output rises 13% in May led by electronics and precision engineering
Singapore’s manufacturing output rose 13% year-on-year in May 2026, driven by a 35.8% jump in electronics production, the Economic Development Board said today.
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OUE Reit to sell Crowne Plaza Changi Airport hotel for S$500 million to joint venture
OUE Reit announced the sale of Crowne Plaza Changi Airport hotel for S$500 million to a joint venture between OUE Limited and Tokyo Century.
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EU aviation agency urges airlines to avoid Iranian and Lebanese airspace amid fragile ceasefire
The EU aviation safety agency EASA told airlines to keep avoiding airspace over Iran, Iraq, and Lebanon despite a US-Iran ceasefire deal.
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Singapore-flagged Ever Lovely hit by unknown projectile off Oman in Strait of Hormuz
The Singapore-flagged cargo ship Ever Lovely was struck by an unknown projectile near Oman in the Strait of Hormuz on June 25, causing damage but no casualties.
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European Heatwave in May-June 2026 Drives Surge in Asian Air Conditioner Sales
A Europe heatwave in May and June 2026 led to record demand for air conditioners from Asian makers Samsung, Midea, and Mitsubishi Electric.
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Singapore hikes Malaysian taxi fee from S$2/month to S$15 per trip starting 2027
Singapore will charge Malaysian taxis S$15 per trip from January 1, 2027, up from S$2 monthly, narrowing cost differences between taxis from both countries.
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Airbus to inspect 16 A380 planes after cracks found in wing beams
Airbus will inspect 16 A380 aircraft, including 15 operated by Emirates and one by Qantas, following cracks detected in wing spar structures.
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Lazada to cut 5% of workforce across Southeast Asia including Singapore
Lazada announced layoffs of about 5% of its Southeast Asian staff, including Singapore, notifying employees by June 23, 2026.
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US stock markets fall as tech shares decline and inflation fears persist
The S&P 500 and Nasdaq closed lower multiple days through June 26, weighed down by major tech and chipmaker losses amid inflation concerns.
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GoTo and Grab to cut driver commissions to 8% in Indonesia starting July 1
GoTo and Grab will reduce commissions for two-wheeled drivers in Indonesia from 20% to 8% beginning July 1, 2026.
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Singapore civil servants to receive 0.45-month mid-year bonus with extra payments for juniors
Singapore’s civil servants will get a 0.45-month mid-year bonus in 2026, with additional one-time payments for junior officers announced today.
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SoftBank-backed Carro plans US IPO with possible Singapore dual listing in 2026
Carro is preparing for a US IPO as soon as June 2026 and may also seek a dual listing in Singapore.
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OCBC to Double Wealth Advisers in Indonesia to 400 by End of 2026 Amid Asset Growth
OCBC plans to double wealth advisers in Indonesia to 400 by year-end after client assets rose 11% to 127 trillion rupiah.
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UK tribunal approves £3 billion collective lawsuit against Apple over iCloud
Britain's Competition Appeal Tribunal allowed consumer group Which? to sue Apple on behalf of nearly 40 million iCloud users over alleged anti-competitive practices.