News

Personal data of 70,000 people compromised after cybersecurity involving SLA vendor and its cloud
[SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving unauthorised access.SLA said the affected environment managed...
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makersPublished Fri, Jul 3, 2026 · 02:28 PM[WASHINGTON] Government attempts to address the global memory chip shortage by influencing...
TikTok slashes content moderation teams globally; Singapore among markets affected
Decision to cut roles in the city-state is part of move to strengthen the operating model for trust and safety[SINGAPORE] TikTok has slashed roles in content moderation teams globally,...
Resilient aluminium prices set to boost Asia’s smelters over global rivals: analysts
Cheaper power and easier access to raw materials can benefit low-cost producers in China, India, Indonesia[SINGAPORE] Higher aluminium prices could position smelters operating at a low cost in China,...
Canada PM Carney taps state-owned firm to build oil pipeline for growing Asian demand
Selling more oil to Asian markets such as India and China will allow Canada to get better prices per barrelPublished Fri, Jul 3, 2026 · 11:33 AM[VANCOUVER] Trans Mountain,...
Private credit keeps US$14 billion trapped in bid to outlast storm
With redemption wave unlikely to ease, funds lock up around US$1.70 for every US$1 an investor reclaimsPublished Fri, Jul 3, 2026 · 10:17 AM[NEW YORK] Ahead of reporting their...
Asian stocks edge up amid fears of AI rally overheating
The MSCI Asia Pacific Index climbs slightly; gauges fall in Japan but rise in South KoreaPublished Fri, Jul 3, 2026 · 09:33 AMSTOCKS in Asia swung between gains and...
Elite UK Reit sells four Wales properties for US$8 million
They are sold to an unrelated third-party purchaser through the Reit’s wholly owned subsidiaries[SINGAPORE] The manager of Elite UK real estate investment trust (Reit) on Friday (Jul 3) announced...
Soon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor
She will serve as adviser to Frasers Property Ltd CEO; change of guard comes amid group’s major revamp[SINGAPORE] Soon Su Lin will step down as the CEO of Frasers...
Interest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech stocks
June’s wave of share buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH[SINGAPORE] Interest in Singapore’s small and mid-cap (SMID) stocks is showing signs of revival, but...
Tesla vehicle sales jump 25%, far exceeding estimates
Despite the surprisingly positive result, the Elon Musk-led company’s shares tumbled 7.5% on ThursdayPublished Fri, Jul 3, 2026 · 06:33 AM[AUSTIN, Texas] Tesla’s vehicles sales beat Wall Street’s modest...
Bank of England’s Mann says she is ready to hike if price pressures persist
Mann has long advocated being “activist” by responding quickly and aggressively if circumstances changePublished Fri, Jul 3, 2026 · 12:23 AMBANK of England rate-setter Catherine Mann says she is...