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Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook

Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook

The Singapore-US swap rate gap has widened to a record high. This divergence is fueled by strong capital inflows supporting the SGD, contrasting with hawkish Fed expectations that raise US borrowing costs. The trend may intensify.

Israel and Lebanon agree to implementation of ceasefire

Israel and Lebanon agree to implementation of ceasefire

Lebanon and Israel reached a US-mediated ceasefire agreement. It requires Hezbollah to cease fire and evacuate the South Litani Sector, allowing Lebanese Armed Forces exclusive control over pilot zones. The nations plan follow-up talks on June 22nd for a comprehensive resolution.

Proposed US Hercules repair hub in West Java sparks debate on what Indonesia stands to gain and lose

Proposed US Hercules repair hub in West Java sparks debate on what Indonesia stands to gain and lose

Indonesia proposes a US Hercules maintenance hub at Kertajati Airport. While promising economic gains and regional MRO status, experts warn it risks compromising Indonesia's non-aligned foreign policy due to geopolitical concerns and lack of transparency regarding the agreement details.

Details of Cambodia scam centre targeting Singapore victims emerge at woman's trial

Details of Cambodia scam centre targeting Singapore victims emerge at woman's trial

A Filipina woman, De Villar Panganiban, is on trial for her role in a Cambodia-based scam syndicate. The group targeted Singapore victims using a three-level scheme impersonating bank and MAS officers to steal over S$40 million.

Bedok resident behind nine firms tied to $3b money laundering case admits to conspiring to cheat IRAS

Bedok resident behind nine firms tied to $3b money laundering case admits to conspiring to cheat IRAS

Former corporate service provider Wang Junjie pleaded guilty to conspiring to cheat IRAS by falsifying company records. His deceit involved multiple firms and aided money launderers linked to Singapore's massive $3 billion laundering case, confirming his role in nine associated companies.

Government tightens welfare criteria

Government tightens welfare criteria

The Finance Ministry revised welfare card criteria, shifting from household to individual assessment. New rules disqualify students, securities holders, and those with high assets or income. This aims to improve targeting accuracy across the program.

Contain the invasion

Contain the invasion

Invasive blackchin tilapia severely damages Thailand's waterways and local fisheries. While affected communities sue CPF for damages, the government has failed to implement effective containment plans. Urgent action is needed to protect local fish and shrimp populations before it is too late.

White House press gala rescheduled after shooting

White House press gala rescheduled after shooting

The White House correspondents gala, previously disrupted by a shooting attempt, has been rescheduled for July 24th. Organizers announced the new date, promising significantly enhanced safety measures and procedures to ensure a secure event for all attendees.

Cambodia takes maritime dispute with Thailand to UN

Cambodia takes maritime dispute with Thailand to UN

Cambodia has escalated its maritime boundary dispute with Thailand to the UN, following Bangkok's termination of a key 2001 agreement. Cambodia asserts this move protects its sovereignty under international law. Thailand remains firm in pursuing its own national security approach.

Singapore can be Asia’s ‘super-connector’ and strengthen global trade

Singapore can be Asia’s ‘super-connector’ and strengthen global trade

Amid a volatile global economy marked by fragmentation, Singapore is positioning itself as Asia's super-connector. It offers predictable pathways and services, helping global firms navigate regional expansion and strengthen trade in the new world order.

Suspected World War II ordnance explodes in Indonesia, five dead

Suspected World War II ordnance explodes in Indonesia, five dead

A suspected World War II shell exploded in an Indonesian fishing village in Papua's eastern region, killing five people and wounding nearly twenty others. The blast destroyed nine homes, highlighting the ongoing danger posed by unexploded wartime munitions left across the area.

DBS to open 18 new and 36 upgraded wealth centres across Apac by 2027

DBS to open 18 new and 36 upgraded wealth centres across Apac by 2027

DBS plans a major expansion of its wealth management presence across Asia-Pacific by 2027. The bank will open 18 new and upgrade 36 centers in key markets including Singapore, Hong Kong, China, India, and others. This aims to deepen client relationships and bring services closer to customers.