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Singapore stocks end higher despite Genting disappointment; STI up 1.2%

Singapore stocks end higher despite Genting disappointment; STI up 1.2%

Singapore stocks rose on May 13, pushing the STI up 1.2%. Wilmar International led gains, while Genting fell sharply after reporting a significant drop in first-quarter net profits. Local banks also posted notable increases, contributing to the overall market uplift.

3 to be charged in Singapore over use of de-registered vehicles

3 to be charged in Singapore over use of de-registered vehicles

The LTA announced three men will be charged over using de-registered vehicles in Singapore and Malaysia between 2024 and 2025. Charges involve operating unregistered, uninsured cars and crossing land checkpoints illegally. Penalties for these offenses have recently been increased.

Why are Britons so fed up?

Why are Britons so fed up?

Britons are frustrated by several factors, including the cost of living crisis, high income inequality, and sticky inflation. Key concerns also involve strained public services like the NHS, issues with controlling immigration, and poor local infrastructure.

Commentary: Singapore-New Zealand 'world-first' trade pact is a bold commitment in times of crisis

Commentary: Singapore-New Zealand 'world-first' trade pact is a bold commitment in times of crisis

Singapore and New Zealand signed the world’s first binding pact to guarantee essential supplies during crises. This commitment on food and energy security sets a crucial model for other nations facing global disruptions.

Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots

Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots

Meta offered rival AI chatbots free WhatsApp access for one month to resolve ongoing EU antitrust concerns. This move aims to stave off a potential hefty fine from the European Commission, which previously investigated Meta’s policies regarding its messaging service.

Daily Debrief: What Happened Today (May 13)

Daily Debrief: What Happened Today (May 13)

The Economic Strategy Review recommends attracting investments and tackling supply chain risks. Singapore's PPP model must also evolve amid global competition. Separately, the Iran crisis highlighted how disruptions cascade through energy markets and shipping routes globally.

‘Temple of Heaven’ awaits Trump

‘Temple of Heaven’ awaits Trump

Trump and Xi Jinping will meet at Beijing's Temple of Heaven for a high-stakes summit. For China, the site symbolizes deep history. Trump focuses on securing trade deals, particularly for US agricultural goods like soybeans, amid strained US-China relations.

Indonesia, Singapore look to deepen ties and partnerships, including with Malaysia

Indonesia, Singapore look to deepen ties and partnerships, including with Malaysia

Singapore and Indonesia pledged to deepen bilateral ties, focusing on digital and green economies. They also plan enhanced cooperation with Malaysia and boosting regional connectivity through initiatives like the ASEAN Power Grid.

OpenAI gives European companies access to its latest models to bolster resilience

OpenAI gives European companies access to its latest models to bolster resilience

U.S. artificial intelligence giant OpenAI said it was granting access to its latest models including GPT-5.5-Cyber to Deutsche Telekom, BBVA and dozens more European companies to help bolster their resilience to vulnerabilities in their systems.

OpenAI chief Altman denies Elon Musk's claim he betrayed ChatGPT maker's mission

OpenAI chief Altman denies Elon Musk's claim he betrayed ChatGPT maker's mission

At court, OpenAI CEO Sam Altman rejected Elon Musk's claims that the company betrayed its non-profit mission. Altman stated that accusing them of "stealing a charity" did not align with his understanding of their current operations and corporate structure.

14 missing, 23 rescued after migrant boat sinks off Malaysia

14 missing, 23 rescued after migrant boat sinks off Malaysia

A boat carrying 37 undocumented migrants from Indonesia sank off Malaysia's Pangkor Island. Authorities rescued 23 survivors, with efforts ongoing to locate the remaining 14 missing individuals.

California mayor Eileen Wang will plead guilty to working as agent of China

California mayor Eileen Wang will plead guilty to working as agent of China

California's Arcadia mayor Eileen Wang will plead guilty to acting as an illegal agent for China. She was charged with operating a pro-China news website and disseminating propaganda at the direction of Chinese government officials between 2020 and 2022.