Posts by Riah Marton
First train for JB-Singapore Rapid Transit System unveiled; service to start by December 2026
First China-made train for the cross-border rail system to be tested in Singapore, ahead of preparation for passenger service [SINGAPORE] The first train for the Johor Bahru-Singapore Rapid Transit System (RTS) Link was unveiled on Monday (Jun 30), with the cross-border rail system currently estimated to be about 56 per cent complete. The 4-kilometre light…
Read MoreAsia: Most stocks rise as investors eye US trade talks
[HONG KONG] Asian equities mostly rose on Monday following a record-breaking day on Wall Street as investors kept tabs on countries’ efforts to strike trade deals with the United States before a key deadline next week. And the dollar weakened on growing expectations for more interest rate cuts, while eyes were on Donald Trump’s signature…
Read MoreBank of Korea halts digital currency project, pausing talks with banks
Published Mon, Jun 30, 2025 · 10:50 AM [SEOUL] South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the initiative. The Bank of Korea (BOK) has temporarily suspended preparations for the second phase of its pilot initiative testing programme for a central bank digital…
Read MoreFidrec extends jurisdiction to include claims from small businesses and charities from July
This comes after the organisation’s 2024 public consultation displayed strong support for making it accessible to small businesses [SINGAPORE] The Financial Industry Disputes Resolution Centre (Fidrec) is extending its jurisdiction to include small businesses and charities from Tuesday (Jul 1). This comes after the organisation’s 2024 public consultation displayed strong support for making it accessible…
Read MoreFu Yu appoints four new independent, non-executive directors at AGM
Gilbert Rodrigues, Ralf Pilarczyk, Yang Zhenrong and Haytham Al Essa have been appointed to Fu Yu’s board [SINGAPORE] Four new independent directors were appointed to the board of components manufacturer Fu Yu Corporation at its annual general meeting (AGM) held on Friday (Jun 27), the company said in a Sunday bourse filing. This comes as…
Read MoreAsian banks fuel more than US$2 billion loan boom in Middle East
[HONG KONG] Middle East borrowers are ramping up loans that are being syndicated in Asia-Pacific as they look to diversify fundraising beyond global bond and domestic markets. More than US$2 billion of Middle East deals targeting Asian bank liquidity have launched in recent weeks, including Saudi Electricity’s US$1 billion loan, Banque Saudi Fransi’s US$750 million…
Read MoreThailand’s Minor International leans on Europe to weather country’s tourism slump
[BANGKOK] Thailand’s flagging tourism sector, weighed down by a sharp drop in Chinese tourist arrivals, is hurting local hotel operators but the country’s hospitality giant Minor International (Mint) is finding some shelter in its European footprint. Dillip Rajakarier, chief executive of Minor Hotels (Minor) and group CEO of Mint, said that there has been a…
Read MoreBeyoncé Narrowly Avoids Falling From Flying Car Due to Prop Malfunction
Beyoncé wasn’t crying any alligator tears—despite her recent onstage mishap. During the first of two Cowboy Carter shows at Houston’s NRG Stadium on June 28, the “Texas Hold ‘Em” singer was involved in a scary incident in which she appeared to be stuck in a car suspended above the crowd after it began to tilt…
Read MoreBaltic Exchange Shipping Insights
Capesize The Capesize market experienced a marked decline this week, with sentiment steadily weakening amid persistently low activity across both the Atlantic and Pacific basins. A key factor was the prolonged absence of all major C5 miners in the Pacific, which led to mounting vessel supply and further dampened sentiment. As a result, C5 fell sharply by week’s end…
Read MoreAva Phillippe Makes Red Carpet Debut With Boyfriend Dakota Brubaker
Ava Phillippe and Dakota Brubaker are red carpet official. The daughter of Reese Witherspoon and Ryan Phillippe stepped out on the red carpet ahead of the Charlize Theron Africa Outreach Project 2025 Block Party June 28 alongside her boyfriend—who goes by the musician name Vindigo—for the first time as a couple. For her part, the…
Read More