News
Singapore stocks track regional gains on Wednesday; STI up 0.1%
[SINGAPORE] Local stocks ended higher on Wednesday (May 7), tracking gains in the region.The benchmark Straits Times Index (STI) gained 0.1 per cent or 4.96 points to 3,865.37. Across...
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence...
New Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and has appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The...
BMW sticks to 2025 outlook, but warns US tariffs will bite this quarter
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecastsPublished Wed, May 7, 2025 · 03:18 PM[FRANKFURT] German premium carmaker BMW on Wednesday (May...
Hot, dry weather threatens output in China’s wheat-growing belt
Drought in the country’s northern grains production region is set to continue in the next ten days, while heavy rains are forecast to batter some areas in southern China...
Amazon’s Zoox to scale up robotaxi production for US expansion
Published Wed, May 7, 2025 · 01:11 PMAMAZON’S self-driving start-up Zoox will increase production next year as it ramps up plans for a commercial rollout of its robotaxi fleet...
UOB not ‘overly alarmed’ by US tariffs as its trade finance lending is mostly intra-regional: Wee Ee Cheong
[SINGAPORE] A strong balance sheet and capital base will help UOB navigate the uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. Speaking...
These Singapore stocks were the most bought and sold by retail investors in volatile April
[SINGAPORE] Traders rode a wave of sharp swings in Singapore stocks in April, as tariff-driven volatility saw investors go both risk-off and return to the market to buy large...
China central bank governor says will cut banks’ reserve requirement ratio
Published Wed, May 7, 2025 · 09:42 AM — Updated Wed, May 7, 2025 · 09:52 AM[BEIJING] China’s central bank governor said on Wednesday the bank would cut the...
Trump hosts LVMH boss as tariffs threaten luxury goods
Published Wed, May 7, 2025 · 07:58 AM[WASHINGTON] Donald Trump hosted the head of luxury giant LVMH, Bernard Arnault, at the White House on Tuesday as the group confronts...
