News

South Korea holds rates, reveals hawkish split within board
Headline inflation is breaching the central bank’s 2% target with the 2.6% April rate marking the fastest gain in almost two yearPublished Thu, May 28, 2026 · 10:44 AM[SEOUL]...
Wilmar shares tumble 10.5% in early trade amid Indonesia probe
It is under investigation for suspected under-invoicing and transfer-pricing practices[SINGAPORE] Shares of Wilmar International fell as much as 10.5 per cent in early trading, down S$0.37 at S$3.15 as...
War stress pushes Indonesia, Thailand to lean on short-term debt
Rupiah has hit record lows and become Asia’s worst-performing currency this quarterPublished Thu, May 28, 2026 · 09:04 AMSOUTH-EAST Asia’s two biggest economies are selling more short-term debt to...
Hong Kong to get edge in Asia gold-hub push with clearing system
The precious metal’s protracted rally might have stalled since the war began in the Middle EastPublished Thu, May 28, 2026 · 08:04 AM[SINGAPORE] By launching a gold-clearing system in...
Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive
The three-month-old war has killed thousands and sent global energy prices sharply higherPublished Thu, May 28, 2026 · 06:59 AMUS PRESIDENT Donald Trump on Wednesday (May 27) dismissed a...
Iran and US trade air strikes after Trump dismisses report of Hormuz deal
The waterway is covered by international law that guarantees foreign vessels the right to pass throughPublished Thu, May 28, 2026 · 06:59 AM — Updated Thu, May 28, 2026...
Keppel on track to hit key emissions target ‘well ahead’ of 2050: CEO
But its Scope 3, or value chain-related, emissions has risen with higher gas sales and one-off accounting for an India divestment[SINGAPORE] Asset manager Keppel is on track to achieve...
Global clean energy manufacturing supply far exceeds demand
The glut has strengthened renewable power’s appeal as an alternative to fossil fuelsPublished Wed, May 27, 2026 · 11:45 PMCLEAN energy manufacturers around the world now have double the...
American Airlines sees resilient demand cushioning fuel-price hit
Published Wed, May 27, 2026 · 10:34 PM[CHICAGO] American Airlines is sticking with its full-year profit outlook despite a sharp jump in fuel prices, CEO Robert Isom said at...
Lululemon settles dispute with founder by shaking up board
The company will add a former ESPN executive and sneaker maker On’s previous co-CEO as directorsPublished Wed, May 27, 2026 · 09:41 PMLULULEMON Athletica has agreed to resolve a...
Germany, Spain push back on European plan to ban Huawei gear
Published Wed, May 27, 2026 · 07:27 PMGERMANY and Spain are leading opposition to European Commission plans to ban Chinese technology suppliers from telecom networks as part of new...
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
CEO Jason Moo says the lender is starting to see large amount of flows into the region[SINGAPORE] If it takes the same effort to serve a US$100 million client...