Singapore · Business
Same event, multiple sources, transparently cited.
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Economists lower Singapore 2026 GDP growth forecasts, raise inflation outlook
Economists downgraded Singapore’s 2026 GDP growth forecasts and increased inflation projections amid rising external risks.
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Singapore lowers season parking fees for some commercial vehicles from August 1, 2026
From August 1, owners of certain commercial vehicles in Singapore will pay reduced monthly season parking fees at HDB and URA carparks.
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Nvidia Secures Multi-Year Deal with SK Hynix and Expands AI Partnerships in South Korea
Nvidia announced a multi-year partnership with SK Hynix and deals with SK Group firms to advance AI infrastructure.
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Major Banks Plan Large Job Cuts Amid Rising AI Use in Hiring and Operations
Leading banks across Singapore are cutting jobs and junior analyst intakes as AI adoption reshapes hiring and work processes.
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PCF Sparkletots reports data breach via LittleLives vendor account but no sensitive data leaked
PCF Sparkletots pre-school confirmed unauthorized access to student data through its vendor LittleLives, with no sensitive information leaked.
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Singapore to auction over 80 seized luxury properties and goods from $3B money laundering case
Singapore will auction seized luxury properties and goods tied to a $3 billion money laundering case starting September 2026.
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HDB to pilot new refuse chute hoppers in 28 projects to block bulky waste disposal
HDB is tendering new refuse chute hoppers with smaller openings in 28 projects to stop bulky items from entering pneumatic waste systems.
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SIA Engineering and Safran launch US$118M joint venture for LEAP engine maintenance in Singapore
SIA Engineering Company and Safran Aircraft Engines formed a US$118 million JV to provide maintenance for CFM LEAP engines in Singapore.
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Container ship MV Golden Star 1 sinks off Batam coast, all crew rescued
The Tanzania-registered MV Golden Star 1 sank near Batam on June 5, losing 107 containers; all nine Indonesian crew were rescued safely.
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SMRT launches $6 million AI-powered command centre to monitor bus fleet
SMRT opened a new AI-driven command centre at Gali Batu to oversee over 1,200 buses in real time.
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Advent and Stripe abandon $53 billion bid to acquire PayPal
A consortium of Advent International and Stripe has dropped its $53 billion offer to buy PayPal, causing the stock to fall sharply.
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IHH Healthcare reports 29.3% profit rise in Q2 2026 and declares 5.5 sen dividend
IHH Healthcare posted a 29.3% rise in Q2 net profit to RM573 million and declared a 5.5 sen interim dividend.
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Universal Studios Japan to Invest Up to 300 Billion Yen in Osaka Park Expansion
Universal Studios Japan plans to invest up to 300 billion yen in an expansion of its Osaka theme park, the first since its 2001 opening.
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Study warns biodiversity loss risks triggering sovereign debt crises worldwide
A new study finds financial markets underestimate biodiversity loss risks, which could trigger sovereign debt downgrades and higher borrowing costs globally.
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Gaza fishermen patch dinghies with door frames amid material shortages and rising fiberglass costs
Gaza fishermen use salvaged wood and door frames to repair dinghies as fiberglass prices soar and imports remain restricted.
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CapitaLand malls extend 30-minute parking grace period for delivery riders from July
From July 1, National Delivery Champions Association motorcycle riders get 30-minute parking grace at 12 CapitaLand malls in Singapore.
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UMS Integration to invest US$3.6 million for majority stake in Vietnamese semiconductor JV
UMS Integration plans to invest about US$3.6 million for a 51.6% stake in a new Vietnamese joint venture consolidating three precision engineering firms.
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Singtel awarded S$28 million government funding to accelerate AI capabilities
Singtel Singapore received up to S$28 million from the government for a multi-year AI program to boost talent and technology development.
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US probes Singapore’s Apex Logistics over alleged Nvidia AI chip smuggling to China
The US is investigating Singapore-based Apex Logistics for allegedly smuggling Nvidia AI chips to China in violation of export rules.
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Prudential reports 8% rise in first-half new business profit, expands buyback to $1.5B
Prudential reported an 8% increase in first-half new business profit to $1.38 billion and raised its 2026 share buyback programme to $1.5 billion.
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Singapore police raid Radiant World office in probe of allegedly falsified documents
Singapore police raided Radiant World's headquarters last week amid an investigation into allegedly falsified invoices and documents.
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Singapore retail sales rise 5.4% year-on-year in April 2026 to S$4.3 billion
Singapore's retail sales grew 5.4% year-on-year in April 2026, surpassing forecasts and March's growth rate.
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Qiu Kai moves from CTO to CEO at Anext Bank, expands SME lending with AI hardware financing
Qiu Kai became CEO of Anext Bank about 18 months ago, using AI hardware financing to grow credit access for micro, small, and medium enterprises.
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Nvidia CEO Jensen Huang begins four-day visit to South Korea amid high public interest
Nvidia CEO Jensen Huang arrived in South Korea on June 5 to meet business leaders and attend events, drawing strong public and investor attention.