Singapore · Business
Same event, multiple sources, transparently cited.
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US dollar hits lowest level since June as rate hike bets fade amid weak economic data
The US dollar fell to its lowest since early June on August 17 as softer US data and reduced Fed rate hike expectations weighed on the currency.
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Many Filipinos Unable to Afford Homes as Manila’s Housing Prices Soar
Finance professional Dayanara Lim could not buy her Metro Manila unit after a rent-to-own deal and moved to smaller rented housing in May 2026.
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Stripe completes acquisition of AI firm OpenRouter for over $7 billion
Stripe finalized a deal to acquire OpenRouter, an AI platform serving 8 million developers, for more than $7 billion in August 2026.
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Alibaba sells gaming unit Lingxi Games to Trustar Capital for over $1.5 billion
Alibaba Group is selling its gaming arm Lingxi Games to Trustar Capital for at least $1.5 billion to focus on AI and cloud computing.
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Shipping through Strait of Hormuz plummets after tanker attacks amid stalled US-Iran talks
Shipping through the Strait of Hormuz dropped sharply over Aug 15-16 after attacks on vessels and expiry of US-Iran ceasefire amid stalled talks.
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Singapore's Non-Oil Domestic Exports Rise 24.2% in July on Strong Electronics Demand
Singapore's non-oil domestic exports grew 24.2% year on year in July 2026, led by a 112% surge in electronics driven by AI-related demand.
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European Firms Report Worsening Business Conditions in China Since 2022
A 2026 survey found 68% of European companies in China face more difficult conditions amid economic and geopolitical challenges.
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SATS Reports Record $6.35 Billion Revenue in FY2026 Amid Middle East Crisis
SATS posted a 9% revenue rise to $6.35 billion in FY2026 on increased gateway services and shifts in air cargo routes due to the Middle East conflict.
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AI-driven rally lifts South Korea and Taiwan stock markets to record highs
South Korea and Taiwan stock markets hit all-time highs in May powered by AI optimism and chip sector strength.
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Indonesia probes Wilmar and Musim Mas for palm oil export under-invoicing
Indonesia has launched investigations into major palm oil producers Wilmar International and Musim Mas over alleged under-invoicing of exports.
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Russian fuel oil arrivals in Singapore hit highest monthly volume since April 2025
Singapore received 1.26 million tonnes of Russian fuel oil in April 2026, marking the highest monthly volume in a year amid Middle East supply disruptions.
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Singapore launches updated Retail Industry Digital Plan to boost SME adoption of AI
Enterprise Singapore and IMDA unveiled a refreshed Retail Industry Digital Plan on May 26 to help over 2,000 SME retailers adopt AI and digital tools.
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Severe Weather Cuts Alphonso Mango Crop by Up to 90% in Maharashtra's Devgad Region
A government survey found Maharashtra’s Alphonso mango production in Devgad dropped 85-90% in 2026 due to adverse weather conditions.
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Strait of Hormuz Closure and Asia Heat Wave Drive Global LNG Prices Higher
Nearly three months of Strait of Hormuz closure and a scorching Asian summer fueled by El Nino risk are pushing global LNG prices up amid tightening supply.
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China launches major crackdown on illicit cross-border stock trading, sparking sell-offs
China imposed heavy fines on brokers and tightened controls on cross-border stock trading on May 22, triggering sharp market declines and investor sell-offs.
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Pacific Channel Acquires Engie Factory Asia-Pacific and Its Climate-Tech Portfolio
New Zealand venture capital firm Pacific Channel acquired Engie Factory Asia-Pacific and its portfolio of climate-tech ventures, deal terms undisclosed.
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About 1,500 ships stranded near Strait of Hormuz await reopening deal completion
Nearly 1,500 ships stuck in the Persian Gulf await protocols to resume passage as US and Iran near a reopening deal for the Strait of Hormuz.
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Construction at Chong Pang City to resume after roof damage incident at Yishun block
Construction work at Chong Pang City will restart on May 26 after a metal bar damaged a nearby HDB block roof in May 2023.
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Sats Reports 31% Rise in Q4 Net Profit Despite Impact from Middle East Conflict
Sats posted a 31% increase in Q4 net profit to S$50.7 million despite challenges from Middle East tensions.
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High Court criticizes UOB for inconsistent legal stance on late payment fees in mortgage case
The High Court assistant registrar criticized UOB for repeatedly withdrawing late payment fee claims after court scrutiny in a 2026 mortgage lawsuit.
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Singapore to rezone south Lim Chu Kang farmland for defence, reallocates north for farming
Singapore will zone agricultural land south of Lim Chu Kang for defence and shift farming to northern plots, announced May 25, 2026.
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Malaysian man sentenced to over 5 years for role in $3 million Singapore scam
Lau Chun Kiat was jailed for five years and five months for maintaining servers used in a $3.19 million scam targeting 129 Singapore victims.
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Addvalue Technologies reports 48.5% H2 net profit rise; shares jump on SGX
Addvalue Technologies posted a 48.5% rise in H2 fiscal 2026 net profit and saw its shares gain between 14.5% and 20.3% in Singapore trading.
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Former DBS manager jailed 6½ years for cheating victims of nearly $1.4 million
Benjamin Chung Hiang Wee was sentenced to 6½ years in jail for cheating seven victims close to $1.4 million in Singapore.