Singapore · Business
Same event, multiple sources, transparently cited.
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Singapore doctor jailed 18 months for patient’s death during aesthetic treatment
Dr Chan Bingyi was sentenced to 18 months’ jail for causing a patient’s death by administering EDTA improperly in 2019.
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Tuas Limited cancels S$1.4 billion acquisition of M1 amid IMDA spectrum probe
Tuas Limited terminated its deal to buy M1 from Keppel after Singapore’s IMDA halted approval due to a spectrum investigation.
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Citigroup to raise Asia-Pacific prime brokerage staff by 10% in 2026
Citigroup will increase headcount in its Asia-Pacific prime brokerage unit by about 10% this year, focusing on Singapore and India.
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Singapore Post reports steep profit drop, will revamp SingPost Centre in Paya Lebar
Singapore Post reported a 69% plunge in operating profit for FY 2025 and will renovate SingPost Centre instead of selling it.
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Food Empire posts 16.9% revenue rise in Q1 boosted by stronger Russian rouble
Food Empire reported US$159.7 million in Q1 revenue, up 16.9%, driven by gains in Russia and Central Asia.
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Grab extends 90-cent fuel surcharge and higher metered fares until July 31 in Singapore
Grab will keep its 90-cent fuel surcharge and increased GrabCab metered fares in Singapore until July 31, 2026 to support drivers amid high fuel costs.
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Teo Siong Seng takes leave from Singapore business roles amid US price-fixing indictment
Teo Siong Seng, chairman of Singapore Business Federation, takes leave due to DOJ indictment over shipping container price-fixing.
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Singapore bars developers with serious housing defects from land bids and sales for up to five years
Singapore government announced penalties including up to five-year bans on land bidding and sales for developers delivering private homes with serious defects.
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Digital Edge secures $575 million loan to expand Asia-Pacific AI data centre operations
Singapore-based Digital Edge secured a $575 million loan to fund expansion of its AI-ready data centres across Asia-Pacific markets.
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Tuas terminates S$1.4 billion M1 acquisition following IMDA investigation into Simba
Tuas Limited ended its S$1.4 billion deal to acquire M1 after IMDA found possible unauthorized spectrum use by Simba.
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JustCo completes IPO with strong demand; shares debut below IPO price on SGX
JustCo raised about S$100 million in its IPO but shares closed 17.6% below IPO price on debut at Singapore Exchange today.
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Samsung reaches tentative deal with union to avoid strike, awarding large bonuses to chip workers
Samsung Electronics and its South Korean union reached a last-minute deal to prevent an 18-day strike with special bonuses tied to chip division profits.
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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.