The Business Times

Iran announces closure of Hormuz after US launches new strikes The US began a fresh round of strikes against multiple targets overnight in Iran, the US military said on Wednesday. ➡️ Oil settles up nearly US$2 after Trum…

CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it.

Applied Materials boosts Singapore manufacturing operation with US$500 million campus to meet AI chip demand Asia accounts for more than 80% of the American firm’s revenue.

Supergreen targets Singapore’s residential neighbourhoods as expansion plan takes off “Everybody is more conscious about eating healthy after work. (When they go home), they will want this healthy food (to be) near to th…

Singapore court targets BigPay, Teleport stakes in blow to Tony Fernandes-led Capital A The latest legal hurdle poses a fresh challenge for Tony Fernandes-led Capital A, as it works to pivot towards non-aviation business…

Shopee cuts hundreds of developer jobs globally during pivot to AI The reductions, which started this week, amount to about 8% of the company’s developer workforce.

SpaceX and other giga-listings could raise indices’ risks Retail investors would do well to note that an IPO is mainly an exit avenue for insiders, who will profit handsomely.

SGX’s Global Listing Board needs a few strong listings right out the gate A poor post-listing showing might attract comparisons between the Global Listing Board and the Spac initiative.

Malaysia’s government-linked funds to invest in firms under MY Value Up programme The My Value Up programme, launched in March, aims to strengthen the value-creation narratives of the country’s top 88 listed companies, w…

AI salaries in Singapore rising 5 times faster than overall wages, fresh grads earn up to S$90k a year Within the past year, pay for AI roles has climbed by about 15 to 25%, with salaries for fresh hires typically starti…

Single founders, billion-dollar valuations: AI is minting unicorn startups at birth “We are seeing single-founder startups being formed. A single founder can get a product up in three to six months, and within less than…

Bank Indonesia’s emergency rate hike buys time for battered rupiah, but investor doubts linger Bank Indonesia’s raised its benchmark seven-day reverse repo rate by 25 basis points to 5.5% on Tuesday (Jun 9), in an unsche…

Start your day with BT ☕️: Stocks to watch: Nio, Wee Hur Top stories: 1. Singapore: Single founders, billion-dollar valuations: AI is minting unicorn startups at birth 2. Asean: Bank Indonesia’s emergency rate hike buys…