Singapore · Business
Same event, multiple sources, transparently cited.
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AI chip export surge drives record Asian savings supporting US tech giants
South Korea, Taiwan, and Japan’s AI-driven chip exports fuel a large Asian savings surplus that backs US tech investment.
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Singtel seeks regulatory clarity on Singapore telco consolidation, eyes minority partner for Optus
Singtel is pursuing regulatory approval to join telecom consolidation in Singapore and open to minority investors in Australian unit Optus.
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Man jailed for 13 months for cheating Grab of nearly $9,000 via courier loophole
Alex Wang Xiang Yi was sentenced to 13 months and 16 weeks for cheating Grab of $8,964 through fake delivery attempts.
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VinFast to sell Vietnamese manufacturing unit to shed nearly $7 billion in debt
Vietnamese EV maker VinFast will sell its manufacturing business for $506 million and shift about $7 billion in debt to buyers as part of a debt reduction plan.
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Middle East conflict cuts Sri Lanka's tea exports, hits workers hard
Sri Lanka's tea exports fell 17% in March 2026 amid Middle East conflict, squeezing workers and raising costs across the industry.
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Singapore fintech Aleta partners with Visa to enable SMEs to issue custom debit cards
Singapore fintech Aleta and Visa have teamed up to let SMEs issue Visa-branded debit cards with custom branding and features.
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KPMG Australia faces parliamentary probe over audit scandal involving confidential data misuse
Over 30 witnesses testified in Canberra June 19 as KPMG Australia confronted allegations of misusing client confidential information.
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Evonik to cut 3,200 jobs worldwide by 2029 in extended restructuring plan
Evonik Industries will reduce its global workforce by about 3,200 jobs by 2029 amid restructuring and polyester business closure.
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Elon Musk explores merger of SpaceX and Tesla into a $4 trillion conglomerate
Elon Musk is considering merging SpaceX and Tesla after SpaceX’s $85 billion IPO and growing business ties between the companies.
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HDB to launch nearly 8,000 BTO flats across seven projects including Bayshore and Tengah in October
The Housing Board will launch 7,970 flats in seven Build-To-Order projects in October 2026 across Bedok, Bayshore, Tengah, Toa Payoh and other areas.
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Three Saudi Supertankers Resume Crossing Strait of Hormuz After US-Iran Peace Deal
Three Saudi supertankers carrying 6 million barrels of crude resumed crossing the Strait of Hormuz on June 18 after a US-Iran interim peace deal.
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Singapore Regains Top Spot in 2026 IMD World Competitiveness Ranking
Singapore reclaimed first place in the 2026 IMD World Competitiveness Ranking, advancing from third last year among 70 economies.
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Philippines and Indonesia Central Banks Raise Rates to Fight Inflation and Stabilize Currencies
The Philippine and Indonesian central banks raised interest rates on June 18, 2026, to curb inflation and support their currencies amid economic pressures.
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HSBC Australia fined A$35 million for failures protecting customers from scams
HSBC Australia was ordered by the Federal Court to pay a A$35 million penalty over scam protection failures.
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Singamas CEO Teo Siong Seng and executives sued in US over alleged container price-fixing cartel
Teo Siong Seng and other executives face two US civil class-action lawsuits accusing them of a container price-fixing cartel.
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Mynt, parent company of GCash, files for IPO on Philippine Stock Exchange
Mynt, operator of the Philippine e-wallet GCash, has filed for an IPO on the Philippine Stock Exchange, aiming to raise up to $1.5 billion.
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GIC nears sale of US$2 billion in private credit holdings advised by Evercore
Singapore's GIC is finalizing the sale of about US$2 billion in private credit assets with advice from Evercore Inc.
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BBC announces 550 job cuts and programme closures in £500 million savings plan
The BBC will cut 550 jobs in news, nations, and content divisions as part of a £500 million cost-saving plan over three years.
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UK CMA Orders Google to Increase Search Ranking Transparency and Fairness
The UK Competition and Markets Authority ordered Google to improve transparency in search rankings and allow user data portability.
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Singapore's Non-Oil Domestic Exports Soar 38.4% in May 2026 on AI Demand
Singapore's non-oil domestic exports jumped 38.4% year-on-year in May 2026, led by a surge in electronics driven by global AI demand.
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Category A COE premiums top Category B for third time in 2026 as overall prices dip
Category A COE premiums rose above Category B again on June 17, 2026, despite a general decline in COE prices in Singapore.
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Bank CEOs adopt AI leading to tens of thousands of job cuts amid regulatory scrutiny
Major banks including Standard Chartered, HSBC, Goldman Sachs, and JPMorgan Chase are expanding AI use, cutting jobs and prompting regulatory oversight in Europe.
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Singapore to invest nearly S$100 million in water research and infrastructure
Singapore announced nearly S$100 million investment in water R&D and completed a S$120 million service reservoir.
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Over 130 arrested in Singapore during transnational scam crackdown causing $752M losses
More than 130 people were arrested in Singapore as part of a global crackdown on scams linked to $752 million in losses.