Culture
EU countries back winemaker support plan, with ‘low-alcohol’ tweak
[ad_1] 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
[ad_1] [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
[ad_1] [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...
Singapore stocks sink on Thursday after Powell signals higher inflation; STI down 0.7%
[ad_1] [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
[ad_1] [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...
Indonesia central bank makes market intervention after rupiah depreciation
[ad_1] 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...
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[ad_1] [JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting...
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
[ad_1] [ZURICH] The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc.The quarter-point reduction on Thursday (Jun 19) is the...
Swiss watch exports slump in May as US tariffs shake market
[ad_1] Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest dataPublished Thu, Jun 19, 2025 · 04:06 PM[ZURICH] Swiss watch exports dropped...
Prudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
[ad_1] [SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told...
Flights to Indonesia’s Bali resume after disruption by volcano eruption
[ad_1] [JAKARTA] All flights to and from the Indonesian resort island of Bali resumed on Thursday (Jun 19) after being cancelled or delayed due to eruptions of Mount Lewotobi Laki-laki,...
South-east Asia’s budget airlines bet on travel demand, despite competition woes
[ad_1] [SEOUL] South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based...