Global Resource Construction’s subsidiary secures $757 million enhancement works contract
Teo Zheng Long - Global Resource Construction’s (SGX: S3N ) wholly owned subsidiary, CES_SDC, in a joint venture with KTC Civil Engineering & Construction (with CES_SDC as the lead joint venture partner), has been awarded a contract valued at approximately $757 million by the Land Transport Authority. The cont ...
Exclusive-Pentagon spars with SpaceX over Starlink price hike during Iran war
NEW YORK, May 26 : As U.S. kamikaze drones guided by Elon Musk’s Starlink network began to make visible gains in the war against Iran, senior SpaceX officials reached a conclusion: The Pentagon should be paying more for access to their satellite Wi-Fi network.Within weeks of the United States laun ...
China expands travel curbs to top AI talent at private firms
The moves highlight how elite AI engineers are now seen as strategic assets to the country
South Africa targets January 2027 for revised AI policy after earlier withdrawal
JOHANNESBURG, May 26 : South Africa's communications minister established an independent panel of experts to review a draft national policy on artificial intelligence, after an earlier version was withdrawn when it was found to contain fictitious and potentially AI-generated references.Solly Ma ...
Tech lifts US stocks, WTI crude falls on Iran peace deal hopes
NEW YORK, May 26 : U.S. stocks rose on Tuesday, parting ways with their European counterparts, and falling WTI crude prices diverged from spiking Brent crude prices as investors weighed optimism over an imminent U.S.-Iran peace deal against dangers that the tenuous ceasefire could collapse. Tech sha ...
European stocks fall, oil rises after US strikes Iran
PARIS, May 26 : European stock indexes gave up some recent gains on Tuesday and oil prices rose after new U.S. strikes in southern Iran dampened investors' hopes that a U.S.-Iran peace deal could be imminent.Market sentiment had turned more positive over the past week as traders bet on a de-esc ...
European stocks falter, oil rises, as US strikes Iran
PARIS, May 26 : European stock indexes were mixed on Tuesday, pulling back slightly from recent gains, and oil prices rose after new U.S. strikes in southern Iran dampened investors’ hopes that a U.S.-Iran peace deal could be imminent.Market sentiment had turned more positive over the past week, a ...
Social media as bad for children as smoking, British doctors say
LONDON, May 26 : Social media ranks alongside smoking as a danger to children, senior British doctors said on Tuesday, as they urged lawmakers to tackle the harm that they say excessive screen time is causing to young people.The Academy of Medical Royal Colleges detailed the impact of social media o ...
AI unlikely to lead to ‘jobs apocalypse’, OpenAI CEO Altman says
An irreplaceable ‘human part’ of work remains even as AI expands across industries, Altman believes
Japan keeps view economy recovering but warns risk from Middle East
TOKYO, May 26 : Japan's government retained its assessment in May that the economy was recovering moderately, while warning that tensions in the Middle East and fluctuations in financial markets remain key risks to the outlook.Here are the main points from the report:• On private consumption, ...
Malaysia jolts bullion trade with 10% import duty on gold bars
Malaysia imported around US$2.5 billion of non-monetary gold through April this year
Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licences
MADRID, May 26 : Spain's Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi for operating in the country without a gambling licence, the official state gazette showed on Tuesday. • In a statement, the ministry said its gambling watchdog had opened a ...
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
The Central Bank raised the overnight policy rate to 8.75% from 7.75%
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency. Economic growth in the South Asian ...
Indonesia’s Merdeka Gold eyes Hong Kong debut with rare depositary receipt listing
The surprise in the deal is the potential reboot of the instrument known as HDRs for the first time in 12 years
OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse'
SYDNEY: OpenAI CEO Sam Altman said on Tuesday (May 26) that the rapid development and adoption of AI would not lead to a global "jobs apocalypse" and that the technology had not claimed as many white-collar jobs as he had feared.Speaking virtually at a Commonwealth Bank of Australia (CBA) ...
Sats may reward shareholders with special dividend if there’s spare cash
Tay Peck Gek - The company is on course to achieve FY2029 targets of S$8 billion in revenue and 20 per cent Ebitda margins
More than 1,000 SMEs and students in Singapore to get Alibaba Cloud AI training
Nurdianah Md Nur - More than 1,000 local small- and medium-sized enterprises (SMEs) and students in Singapore will receive practical training in generative AI and agentic AI through a one-year initiative by Alibaba Cloud, NTUC’s Tech Talent Assembly and ST Telemedia Global Data Centres (STT GDC). Starting in June, u ...
South Korea to step up monitoring of investments in overseas private debt
SEOUL, May 26 : South Korea will step up monitoring investments by domestic pension funds and banks in overseas private debt, the country's financial watchdog said on Tuesday, as regulators worldwide become more concerned about private credit funds. The outstanding balance of private credit inv ...
Samsung’s non-chip union seeks court order to block vote on 40-trillion won bonus deal
The move highlights deepening compensation gaps between different divisions at the company
Indian water-purifier maker Kent RO delays IPO as Mideast war dents sentiment
CHENNAI, May 26 : Kent RO Systems has shelved plans to go public, its chairman told Reuters, as the Indian water-purifier maker becomes the latest company to delay its stock market debut with the Middle East conflict unsettling global markets and weakening sentiment.The Iran conflict has fuelled con ...
BOJ's new trend gauge shows inflation exceeding target
TOKYO, May 26 : Japan's core consumer inflation rate excluding one-off factors, as measured by the central bank's new gauge, hit 2.8 per cent in April, exceeding its 2 per cent target and accelerating from 2.5 per cent in March, the Bank of Japan said on Tuesday.The new index, which strips ...
AI-driven electricity demand powering hybrid financing for advanced nuclear startups
Janice Lim - But scaling such technologies will hinge on the ability to bring in banks and institutional investors
Who’s powering next-gen nuclear energy: AI boom drives hybrid financing wave
Janice Lim - But scaling such technologies will hinge on the ability to bring in banks and institutional investors
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
Sharanya Pillai - The war in the Middle East beefs up the case for nuclear energy to underpin energy security
Singapore factory output up 17.6% in April on AI-related electronics surge, beating forecasts
Paige Lim - All clusters have increased except for chemicals and biomedical manufacturing
EnterpriseSG, IMDA launch refreshed Retail Industry Digital Plan to help retailers adopt AI
Meera Pathmanathan - It aims to help retailers address immediate pressures and build resilience for future growth
Starbucks sees sharp drop in Korean sales after 'Tank Day' marketing backlash
The chairman of Shinsegae Group, the operator of Starbucks Korea, asked people not to take out any anger on their employees and frontline staff.
Why China is tightening controls on overseas stock trading
The move has already rattled brokerages and investors, and could reshape how mainland Chinese access foreign market
MUFG explores options for stake in Indonesia’s Danamon including take-private deal: sources
Japan’s biggest financial institution is working with an adviser on a plan
Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
Ranamita Chakraborty - This relates to allegations of ex-CapitaLand employees in India accepting bribes, kickbacks from a JV subsidiary
Canberra Drive executive condo site is first to test market after EC rules tightened
Chong Xin Wei - Launch of the tender follows the government rolling out new measures to cool the heated market
Singapore IPO market gathers pace as SGX on track for nearly 30 listings in 2026
Analysts said Singapore’s reputation as a safe haven continues to attract companies seeking to list, amid ongoing trade tensions and global uncertainty.
CPF interest rates to hold steady in Q3
Jermaine Fok - The government will continue providing extra interest on the balances
