The Business Times

Apple to raise prices due to memory chip shortage: CEO Cook Memory and storage costs are both concerns for the company, with particular emphasis on the DRAM market.

Electricity tariff to rise significantly from July despite Iran deal: EMA Singapore is highly dependent on imports for its energy needs, and imported natural gas accounts for 95% of electricity production.

Microsoft makes big AI inroads in China by selling OpenAI models The company operates multiple data centre regions in the country, near Beijing and Shanghai.

Oil slides as Trump’s Hormuz agreement lifts outlook for supply Crude has shed almost all of the gains seen during the conflict.

Gold advances as peace deal optimism counters hawkish US Fed The pact is expected to ease a global energy shock that’s spurred inflation and rate hike bet.

China’s 2.2 trillion yuan pile of bad consumer debt threatens economy The debt overhang is undermining national efforts to boost domestic consumption, with Chinese banks extending fewer new loans.

US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks Iran’s foreign ministry says the agreement was already in effect as of Jun 17.

Start your day with BT ☕️: Stocks to watch: Centurion, Far East Group Top stories: 1. Singapore: As Singapore’s construction sector goes green, portable ‘power banks’ are leading the charge 2. Singapore: The future of Or…

Singapore to advance AI agenda as 2027 Asean chair by investing in shared digital public goods, rallying smaller firms Singapore also intends to deepen cross-border data flow mechanisms, says Minister for Digital Develop…

Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI Over a quarter of employees are considering leaving their jobs.

Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down The open category is the only one that is higher, with an increase of S$2.

SpaceX draws US$800 million from South Korean investors on trading debut Global investor demand for its shares has pushed the stock 49% higher since its listing.

Yum strikes two deals to sell Pizza Hut for US$2.7 billion in tale of diverging fortunes Pizza Hut’s share of Yum’s revenue has declined every year since 2019.

Tong Seng Produce ramps up capabilities to meet Singapore’s growing rice stockpiling needs Its flagship rice brand SongHe contributes more than 20% to total revenue each year, says managing director Jerry Ng.

HDB launches 6,952 BTO flats, including Prime projects in Berlayar and Upper Thomson Seven BTO projects are on sale across Ang Mo Kio, Bishan, Bukit Merah, Woodlands and Sembawang.

HSBC partners with Google Cloud to expand AI usage The announcement comes after Elhedery in May urged staff to embrace AI.

Next advantage for Asean firms lies in ability to operate amid uncertainty: BT regional survey The question isn’t whether to go regional, but how fast: BT editor Chen Huifen at the flagship report’s launch.

Manulife pulls loan product for rich Hong Kong clients after scrutiny The US$80 million policy uses 4 times leverage to offer over 10% returns to wealthy buyers.

Why restoring normal traffic through Hormuz won’t be easy The fragile ceasefire the US and Iran have had in place since Apr 8 has not stopped fighting altogether.

Putin to host Asean leaders in first summit since Ukraine invasion Moscow is pushing a Great Eurasian Partnership involving Eurasian Union, Shanghai Cooperation Organisation and Asean.

Economists raise inflation projections, lower growth forecasts in first MAS survey since Iran war More now see MAS tightening policy in July, though majority still expect it to hold.

Trump criticises Israel’s tactics in Lebanon, says it is killing civilians The US president complaint comes at a moment of rising tensions with Israeli Prime Minister Benjamin Netanyahu.

US, Iran prepare for deal signing as financial details emerge The text of the so-called memorandum of understandinghas yet to be published.

Singapore-based Shein and Paris department store end controversial partnership SGM says it is selling the Parisian department store to its current management team led by Karl-Stephane Cottendin.

Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan Recent share transfers fuel talk that the Berjaya conglomerate is entering a post-founder era.

Oil falls under US$80 as US-Iran deal set to add supply Neither side has released the complete text of the agreement.

SpaceX vaults past Amazon’s market value as options listing fuels surge Next up are Apple, Alphabet and Nvidia, all above US$4 trillion in market value.

Start your day with BT ☕️: Stocks to watch: Boustead Singapore, CSE Global, Elite UK Reit Top stories: 1. Singapore: Singapore’s NODX surges 38.4% in May as robust AI demand continues 2. Singapore: Room for more offices,…

China home prices fall at faster pace in setback to revival Resale home values have decreased 0.26%, the most in three months.

Nearly S$100 million to be pumped into municipal, industrial water solutions: Gan Kim Yong Climate change brings extreme weather with a third of Singapore at risk of coastal flooding, DPM Gan says.