Stablecoin demand may soon fade, BoE's Greene says
DUBROVNIK, Croatia, May 31 : The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits, Bank of England policymaker Megan Greene said on Sunday, even as some colleagues took a different view.Stablecoins, which are crypto assets de ...
New dynamism: Singapore needs a market index without Reits to support passive flows
Ben Paul - ETFs are a means of riding market’s revitalisation while neutralising risk of picking the wrong companies and abandoning strong performers too early
Singapore’s CapitaLand sheds 10% of China staff amid downturn
Headcount in its Singapore base has also been reduced, though the proportion stays unchanged at 24% of global employees
First Windows PC powered by Nvidia chips to debut next week, Axios reports
Microsoft and Nvidia will unveil the new PCs at the Computex trade show in Taiwan and Microsoft’s Build developer conference in San...
Mizuho plans more Singapore hiring to power next phase of Asia growth
Renald Yeo - India tops the list of preferred investment destinations for Japanese clients, says Apac CEO Koichi Zaiki
SoftBank plans up to 75 billion euro investment in French AI centres
The commitment is the Japanese tech conglomerate’s biggest artificial intelligence infrastructure investments in Europe
Domestic capital reshapes China real estate deals as asset managers redirect to ‘China-for-China’ play
Chong Xin Wei - Mapletree exploring first renminbi fund with Chinese insurers, while CapitaLand eyes second C-Reit with 4.8b yuan IPO in coming months
Pig-butchering schemes, honey traps: Telecom-fraud networks target Indonesia as regional crackdowns bite
Indonesia has been on the radar of telecom-fraud operators for more than a decade
AGT raises Nam Cheong stake; Silchester increases holdings of ComfortDelGro
[SINGAPORE] Over the five trading sessions from May 22 to 28, 22 primary-listed companies conducted buybacks with a total consideration of S$88.9...
Asia’s courts are drowning in paperwork. Can AI save them?
Firms across Asia say the bigger opportunity lies in automating the mundane tasks of local court systems
China's May factory activity flat as weak demand slows growth
BEIJING: China's factory activity was flat in May after two months of expansion, official data showed Sunday (May 31), as weaker demand and rising energy costs due to the Middle East war weighed on growth.The manufacturing purchasing manager's index - a key measure of industrial activity - ...
Strait of Hormuz ship transits are rising thanks to US help
Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began
Zixin Group reports profit after tax of RMB61.42 mil for FY2026, up 43.8% y-o-y
Teo Zheng Long - Zixin Group Holdings (SGX: 42W ) has reported earnings of RMB61.42 million ($11.67 million), up 43.8% y-o-y for FY2026 ended March 31. Revenue grew by 43% y-o-y to RMB607.47 million in the same period. The higher revenue and earnings were attributed to the growth across all its business segments, ma ...
Trump sends tougher terms to Iran for framework to end war, US officials say
He has been concerned about parts of the potential deal that would include unfreezing funds for the Iranians
SoftBank to build up AI data centres in France with major investment
PARIS, May 30 : Japan's SoftBank Group will invest €45 billion over the next five years in a push to build up artificial intelligence infrastructure in France, founder Masayoshi Son told the paper La Tribune Dimanche in an interview published on Saturday.Son said the investment, described as ...
East Coast Seafood Centre to be redeveloped; tenants told to vacate in 2026: NParks
The National Parks Board told CNA that the planned redevelopment is part of efforts to "enhance the experience" of East Coast Park visitors.
Blue Origin faces months of delays after rocket explosion damages launch pad
NEW YORK, May 30 : Blue Origin faces a months-long setback after the explosion of a rocket damaged its launch pad, company and industry sources said, scrambling schedules for Amazon satellite launches and bolstering SpaceX's dominance in the commercial launch market.The mishap, which occurred d ...
China’s private fund assets hit record as quant managers surge
2,348 private funds, with 928.7 billion yuan in combined registered assets, were registered in April
MiniMax plans China IPO as it eyes local rivals like DeepSeek
It is part of a group of Chinese AI firms racing to build and commercialise large language models
China’s rise in drug development looms over US
China’s ascendence as a drug development powerhouse could threaten US biotechnology
Old Chang Kee reports FY2026 earnings of $9.6 mil; declares cumulative final and special dividend of 2 cents
Teo Zheng Long - Old Chang Kee (SGX: 5ML ) has reported earnings of $9.6 million for FY2026 ended March 31, 15.8% lower y-o-y. Revenue for the year came in at $103.5 million, which is 1.5% higher y-o-y. The higher revenue was mainly due to higher sales from its retail and non-retail sales. Revenue from retail outlet ...
Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports
The Instagram owner aims to sell 10 million wearable devices in the second half of 2026
Azeus Systems’ earnings down 19% y-o-y in FY2026 to HK$134.7 mil; declares final dividend of HK$2.80
Teo Zheng Long - Azeus Systems Holdings (SGX: BBW ) has reported earnings of HK$134.7 million, down 19% y-o-y for FY2026 ended March 31. Total revenue was down marginally by 2% y-o-y to HK$466.8 million. The lower revenue was due to lower revenue contribution from its IT Services segment, while partially mitigated b ...
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending
He was addressing the security and defence forum on May 30
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending; omits Taiwan in roll call
He was addressing the security and defence forum on May 30
From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions
Annabelle Liang - [SINGAPORE] Vitol, the world’s largest independent energy trader, found itself on shaky footing when the Middle East conflict broke out on Feb...
Yum is in exclusive talks to sell Pizza Hut to LongRange
[NEW YORK] Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with...
Oil falls on hopes for US-Iran ceasefire agreement
[HOUSTON] Oil futures fell more than 2 per cent on Friday (May 29), closing out their steepest weekly decline since early April...
European shares secure monthly gains on Middle East peace hopes
[BENGALURU] European shares edged higher on Friday (May 29), wrapping up the month with gains as investors clung to hopes that a...
US stocks extend win streak on peace deal hopes, AI excitement
[TORONTO] Stocks climbed on Friday (May 29) to close at a fresh record, boosted by hopes of a peace deal with Iran...
China’s next-generation industrial policy
Tong Kooi Ong + Asia Analytica - By Rhodium Group for the US Chamber of Commerce (May 2026)A concise summary: Core thesis
Two reports, two interpretations of China
Tong Kooi Ong + Asia Analytica - The contrast between our article, “The political economy of modern capitalism” and the Rhodium Group/US Chamber of Commerce report, “China’s Next-Generation Industrial Policy” is not really about facts. It is about interpretation. The Rhodium report is fundamentally a warning document. It ...
The political economy of modern capitalism
Tong Kooi Ong + Asia Analytica - America monetises innovation. China industrialises competition.The defining economic competition of the 21st century is no longer capitalism versus socialism. It is increasingly a competition between two different forms of capitalism — one where capital ultimately disciplines the state, and anothe ...
China’s titans are victims of China’s own success
Tong Kooi Ong + Asia Analytica - The US equity market has significantly outperformed Chinese stocks in recent years, led by tech and related energy and industrial sectors, driven by the artificial intelligence (AI) infrastructure boom. This is underscored by the huge market gains of the US’ “Magnificent Seven” stocks compared ...
