Singapore · Business
Same event, multiple sources, transparently cited.
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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.
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Meta condemns Australia’s proposed law requiring tech giants to pay news publishers
Meta criticized Australia’s new law mandating large tech firms to pay local news outlets for content use, calling it unfair and unsustainable.
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Uber cuts 23% of People and Places division jobs, impacting senior roles
Uber announced a 23% reduction in jobs across its People and Places division, affecting many senior roles and less than 1% of its total workforce.
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Indonesian stocks fall to five-year lows as rupiah hits record lows on economic, political risks
Indonesian stocks plunged up to 36% in 2026 while the rupiah dropped to record lows amid fiscal and political concerns.
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Singapore launches Feed and Feed Ingredient Technology Centre to boost aquaculture yield
Singapore’s Food Agency and Institute of Technology established F2TC to develop nutritious fish feed and support local aquaculture farms.
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World Cup could cost global employers $17 billion in productivity losses
Employers worldwide face $17 billion in lost productivity as employees plan schedule changes during the 2026 World Cup.
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Singapore manufacturing PMI rises to highest since Dec 2024, led by AI demand
Singapore's manufacturing PMI rose to 51.0 in May, marking 10 months of expansion driven by strong AI-related demand in electronics and tech sectors.
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Singapore to raise starting pay and sign-on bonuses for local bus captains from January 2027
Singapore government will fund a S$450 monthly pay raise and S$2,000 sign-on bonus for new local bus captains starting January 1, 2027.
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Singapore to release land for 4,745 private homes and Jurong Lake District white site in 2H 2026
Singapore’s Ministry of National Development announced land release for about 4,745 private homes and a Jurong Lake District white site tender launch in 2H 2026.
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Japan approves ¥3.1 trillion supplementary budget to ease rising fuel and energy costs
Japan's cabinet approved a ¥3.1 trillion budget on June 3 to subsidize soaring gasoline and utility prices amid Middle East crisis.
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DBS and OCBC reach record highs, leading Singapore's Straits Times Index gains
DBS and OCBC shares hit fresh record highs on June 2 and 3, driving gains in Singapore’s Straits Times Index before declines on June 5.
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Andrew Left convicted of securities fraud for stock manipulation via social media
Andrew Left, founder of Citron Research, was found guilty of securities fraud for using social media to manipulate stock prices and profit.
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Japan Faces Banana Shortage as Ethylene Supply Drops Amid Middle East Conflict
Japan is experiencing a banana shortage due to a disruption in ethylene supplies caused by a Strait of Hormuz closure reducing naphtha availability.
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SK Hynix to Double Memory Chip Wafer Capacity Over Five Years to Meet AI Demand
SK Hynix plans to double its memory chip wafer capacity by 2031 to address a global AI-driven shortage expected to last until 2030.
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Blackstone Raises $13.1 Billion, Largest Asia Private Equity Fund to Date
Blackstone closed its Asia private equity fund at $13.1 billion, surpassing its $10 billion target and doubling its previous fund size.
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Australia to raise minimum wage 4.75% from July 1, affecting nearly 3 million workers
Australia’s Fair Work Commission approved a 4.75% minimum wage increase starting July 1, 2026, impacting 2.8 to 3 million workers nationwide.
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68-year-old man dies after falling onto track at Segar LRT station, Bukit Panjang LRT disrupted
A 68-year-old man died after falling onto the track at Segar LRT station, causing suspension of Bukit Panjang LRT services on May 18, 2026.
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Global smartphone shipments to fall 13.9% in 2026 amid worsening chip shortage
Counterpoint Research projects a 13.9% decline in global smartphone shipments in 2026 to 1.08 billion units due to memory chip shortages.
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SoftBank surpasses Toyota as Japan's top company; Kioxia briefly takes second place
SoftBank's shares jumped June 1 to push its market value past Toyota's for the first time in over 20 years, while Kioxia briefly claimed second place on June 3.
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DBS to open 18 new wealth centres and upgrade 36 across Asia-Pacific by 2027
DBS Group Holdings announced plans to open 18 new and upgrade 36 existing wealth centres across Asia-Pacific by end of 2027.
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Oil prices jump up to 5% after Israel expands Lebanon incursion amid US-Iran ceasefire uncertainty
Oil prices rose sharply on June 1 after Israel expanded military operations in Lebanon and US-Iran ceasefire talks faced setbacks.
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Explosion at Hanwha Aerospace factory in South Korea kills 5, injures 2
An explosion at Hanwha Aerospace's Daejeon factory on June 1 killed five and injured two workers.