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No one currency ‘unduly affects’ Singdollar’s stability: Alvin Tan
Singapore

No one currency ‘unduly affects’ Singdollar’s stability: Alvin Tan

Alvin Tan stated that no single currency unduly affects the Singapore dollar's stability. He explained that the S$NEER basket is diversified, reflecting Singapore’s varied trade patterns. While the US dollar remains dominant globally, its influence is balanced by other major currencies.
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Trump sees swift end to war as Iran reviews US peace proposal
International

Trump sees swift end to war as Iran reviews US peace proposal

Trump predicts a swift end to war with Iran as talks proceed. However, an Iranian spokesperson dismissed the US proposal as merely a "wish-list." Key disputes over nuclear power and control of the Strait of Hormuz remain unresolved challenges.
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U.S. President Trump's renewed trade war with China
Asia

U.S. President Trump's renewed trade war with China

U.S. President Trump has renewed his trade war with China since 2025. The conflict involves escalating tariffs, sanctions on refiners, and export controls on advanced technology, fueling deep economic rivalry between the two powers.
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The real AI race is for deployable talent, not models
Commentary

The real AI race is for deployable talent, not models

Singapore’s AI journey requires systemic scaling, focusing on talent over models. Success depends on developing "AI bilingualism"—understanding its capabilities and risks. Realizing full potential demands work redesign, applied learning, and robust cross-sector collaboration across the economy.
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Commentary: The heat is on Thailand to not just muddle through
Commentary

Commentary: The heat is on Thailand to not just muddle through

Thailand's economy faces multiple crises: falling tourism, high debt, and heatwave strain. Decision-makers must move beyond "muddling through" by urgently implementing structural reforms in energy and demographics to ensure long-term stability.
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Asia heatwaves spell double trouble for economies hit by oil
Asia

Asia heatwaves spell double trouble for economies hit by oil

Looming El Niño heatwaves combine with oil shocks, creating a double threat for Asia's economy. Rising food and utility costs are driving inflation to multi-year highs, especially in vulnerable emerging markets.
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UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
Business

UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%

UOB aims to double its wealth management income to at least S$2.5 billion by 2030. Leveraging the completed Citi integration, the bank plans aggressive expansion across Asean's affluent segment for sustainable, long-term growth.
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Language skills pay
Commentary

Language skills pay

Improving national competitiveness requires investing in language skills, especially for tourism and services. Staff should learn basic phrases in guests' languages using affordable methods like AI apps or free online resources to attract high-value clients and boost local economies.
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Daily Debrief: What Happened Today (May 7)
Singapore

Daily Debrief: What Happened Today (May 7)

Amazon cut roles in Singapore, while CIMB appointed Mak Joon Nien as CEO. Regulatory news highlights MAS plans to harmonize securities laws for dual listings. Additionally, ASEAN leaders are pushing a regional trade pact amid global instability and supply chain pressures.
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Singapore will not leave future of work, livelihoods to chance amid AI transition: Tan See Leng
Singapore

Singapore will not leave future of work, livelihoods to chance amid AI transition: Tan See Leng

Manpower Minister Tan See Leng stated Singapore will actively manage the AI transition to ensure inclusive growth, protect livelihoods, and create clear job pathways through government, employer, and union collaboration.
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Evacuations ‘ongoing’ from hantavirus-hit cruise ship
International

Evacuations ‘ongoing’ from hantavirus-hit cruise ship

An outbreak of hantavirus occurred aboard the MV Hondius cruise ship off Cape Verde. The WHO confirmed a rare human-transmissible strain, leading to ongoing evacuations for infected passengers and crew. Authorities are monitoring the situation closely as the vessel prepares to sail on.
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Low chance of heatwave in Singapore for rest of 2026 hot season: Janil Puthucheary
Singapore

Low chance of heatwave in Singapore for rest of 2026 hot season: Janil Puthucheary

Senior Minister Janil Puthucheary stated that the chance of a heatwave in Singapore for the remainder of the hot season is low. Despite extreme heat elsewhere in Southeast Asia, Singapore maintains robust and formalized management plans to address potential high temperatures.
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