Culture
Trump says he signed executive order extending deadline for TikTok closing
Published Thu, Jun 19, 2025 · 11:54 PM[WASHINGTON] US President Donald Trump said on Thursday (Jun 19) that he has signed an executive order extending the June 19 deadline...
Top Thai billionaires-backed groups win digital bank permits
[BANGKOK] Three groups led by Charoen Pokmhand Group, Gulf Development and SCB X have clinched Thailand’s new virtual bank licences to boost competition in the nation’s banking industry, according...
EU countries back winemaker support plan, with ‘low-alcohol’ tweak
Published Thu, Jun 19, 2025 · 08:53 PM[BRUSSELS] EU countries Thursday (Jun 19) backed plans by Brussels to give winemakers a leg up – with some tweaks, including reducing...
DBS expects economic value from its use of AI to exceed S$1 billion in 2025
[SINGAPORE] Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology – estimates that its...
Bank of England keeps rates steady, sees further loosening as jobs market weakens
[LONDON] The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker labour...
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
[SINGAPORE] A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to fulfil the liabilities.This is the issue...
Singapore stocks sink on Thursday after Powell signals higher inflation; STI down 0.7%
[SINGAPORE] Local shares fell for a second consecutive session on Thursday (Jun 19), after US Federal Reserve chair Jerome Powell warned of “meaningful” inflation ahead, as consumers are expected...
South Korea’s Cuckoo set for Malaysia debut after scaling down IPO
[SEOUL] A subsidiary of South Korean home-appliance maker Cuckoo Holdings is set to go public in Malaysia after a scaled-down offering that is expected to raise RM395 million (S$119.4...
Chevron seeks buyers for 50% stake in Singapore refinery: sources
[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina,...
Indonesia central bank makes market intervention after rupiah depreciation
Published Thu, Jun 19, 2025 · 05:17 PM[JAKARTA] Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after...
