Singapore · Business
Same event, multiple sources, transparently cited.
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PhysicsX Raises $300 Million Series C Led by Temasek, Valued at $2.4 Billion
PhysicsX closed a $300 million Series C funding round led by Temasek, valuing the AI startup at $2.4 billion.
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OCBC to launch physical gold trading and storage for private banking clients June 10
OCBC announced it will start physical gold trading and storage services for institutional and private banking clients in Singapore on June 10.
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Bank Indonesia hikes benchmark rate to 5.5% amid rupiah decline and market outflows
Bank Indonesia raised its benchmark interest rate by 25 basis points on June 9 to 5.50% to support the weakening rupiah and curb market turmoil.
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IMF Chief Warns World Unprepared for Growing Economic Shocks and AI Risks
IMF Managing Director Kristalina Georgieva warned that frequent global economic shocks will continue and urged caution over AI’s social impact.
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Lease for Singapore’s Automobile Megamart renewed until 2040 after $68M payment
Owners of Automobile Megamart in Ubi paid $68 million to extend the lease until December 31, 2040.
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HDB to offer 2,520 BTO flats with wait times of about three years in June sales exercise
HDB will launch 2,520 Build-To-Order flats with wait times of three years or less in the June 2026 exercise across Sembawang and Ang Mo Kio.
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Global airline profits expected to halve in 2026 amid Middle East conflict and soaring fuel costs
Global airline profits are forecast to drop to $23 billion in 2026 from $45 billion in 2025 due to a 70% rise in jet fuel prices and Middle East airspace disruptions.
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Dubai luxury hotels rely on local staycations as tourism falls amid Middle East war
Dubai luxury hotels have shifted to residents-only staycations with up to 50% discounts amid tourism collapse caused by regional conflict.
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Fire breaks out on luxury yacht Eagle Wings III at Sentosa Cove marina
A fire broke out on the superyacht Eagle Wings III at ONE°15 Marina Sentosa Cove June 7, causing partial sinking but no injuries.
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Illicit Vape Market in Singapore Earned $10.4 Million from 2024 to 2025
Singapore's illicit vape market generated $10.4 million in revenue amid $156 million lost to illicit tobacco from 2024 to 2025
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Eight start-ups to pitch for up to $4 million in The Liveability Challenge final in Singapore
Eight start-ups from six countries will present climate solutions on May 20 at The Liveability Challenge final in Singapore for up to $4 million in funding.
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Three shuttle bus services run Saturdays for late Thomson-East Coast Line start
Three shuttle bus routes operate on Saturday mornings from May 23 to July 4 due to later Thomson-East Coast Line start times.
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Philippine Banks Show Strong Q1 Results but Face Headwinds from Energy Crisis
BDO Unibank, BPI, and Metrobank reported robust first-quarter earnings, but new relief measures and rising energy costs threaten profits.
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Indonesian Finance Minister Purbaya denies resignation amid market turmoil and bond inflows
Finance Minister Purbaya Yudhi Sadewa denied resigning amid market slumps and cited strong government bond inflows as of June 5, 2026.
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Japan expands used cooking oil collection to boost sustainable aviation fuel by 2030
Japan is intensifying used cooking oil collection to increase sustainable aviation fuel supply to 10% of airline fuel use by 2030.
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Singapore Kitchen Equipment CEO and senior manager charged with fraud and falsifying accounts
CEO Sally Chua, senior manager Charlene Koh, and former CFO Chow Mei Ling were charged with fraud and falsifying documents over payments at Q'son Kitchen Equipment.
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UK’s largest retailers cut nearly 18,000 jobs amid rising taxes and wages
Britain’s biggest retailers reduced their workforce by almost 18,000 jobs over the past year amid tax and wage hikes.
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Allianz Global Investors in exclusive talks to buy UOB Asset Management
Allianz Global Investors is in exclusive talks to acquire United Overseas Bank's asset management division, with the deal nearing completion.
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Explosion at Oman’s Mina al Fahal terminal disrupts oil loading amid drone attack claims
An explosion near Mina al Fahal terminal in Oman on June 5 disrupted oil loading, with conflicting reports about operational suspension.
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KPMG Australia CEO and senior partner resign over whistleblower misconduct allegations
KPMG Australia CEO Andrew Yates and audit head Julian McPherson resigned after mishandling a whistleblower investigation involving confidential documents, as clients review ties.
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Singapore Airlines in talks to buy at least 50 large jets from Airbus and Boeing
Singapore Airlines is negotiating with Airbus and Boeing to purchase at least 50 wide-body jets, including Boeing 777X and Airbus A350-1000 models.
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Category A COE premiums near eight-month high as commercial vehicle COE hits record in Singapore
Category A COE premiums rose to S$126,009 on June 4, while commercial vehicle COE reached a record S$94,000 in Singapore.
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Singapore Airlines limits Business Class seat selection by fare and KrisFlyer status
Singapore Airlines on June 2, 2026, introduced new Business Class seat selection limits tied to fare types and KrisFlyer membership tiers.
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Asian nations act to stabilize currencies amid strong dollar and high oil prices
South Korea, Indonesia, Japan, India, and the Philippines take measures to shore up their weakening currencies on June 4 amid broad dollar strength.