Category: Business

Business

US Eyes Airlines, Crypto and Shipping in Iran Crackdown — But Bessent’s Bigger Warning Could Hit Companies Far Beyond Tehran

WASHINGTON — The United States is signaling that its escalating economic campaign against Iran could reach far beyond banks, with airlines, maritime businesses, digital assets and companies linked to the Islamic Revolutionary Guard Corps potentially facing heightened sanctions scrutiny. U.S. Treasury Secretary Scott Bessent said Wednesday, September 2, that airlines, the maritime sector and digital assets could become targets as the Trump administration intensifies efforts to squeeze Iran’s eco

September 2, 2026

Business

FERRARI AMALFI SPIDER ARRIVES IN SOUTHEAST ASIA — But Can This 640-HP V8 Really Conquer the Region’s Heat and Traffic?

KUALA LUMPUR — Ferrari has brought its newest open-top grand tourer to Southeast Asia, unveiling the Ferrari Amalfi Spider in Kuala Lumpur as the marque looks to make high-performance convertible motoring more practical for the region’s demanding roads and tropical climate. The regional arrival comes just months after the Amalfi Spider’s global debut and follows the introduction of the Amalfi coupe to ASEAN earlier this year. The Kuala Lumpur presentation was also the model’s ASEAN debut, accor

September 2, 2026

Business

Singapore–Thailand Ties “In Excellent Shape” as Wong and Anutin Revive Leaders’ Retreat After 11 Years

BANGKOK — Singapore and Thailand are stepping up their strategic partnership after more than a decade without a leaders’ retreat, with Prime Ministers Lawrence Wong and Anutin Charnvirakul agreeing to deepen cooperation in energy, food security, artificial intelligence, digital connectivity, defence and the wider ASEAN agenda. Speaking in Bangkok on Wednesday, Sept. 2, Wong said Singapore–Thailand relations were in “excellent shape,” citing strong trust between the two governments and long-stan

September 2, 2026

Business

NVIDIA CEO Jensen Huang Tells G20: Don’t Regulate AI Over “Theoretical” Risks — But a Bigger Warning Is Emerging

Nvidia CEO Jensen Huang is urging G20 governments to resist writing artificial-intelligence rules around what he describes as “theoretical” harms, arguing that policymakers should instead focus on concrete problems that AI is already creating. Huang made the comments at a G20 technology meeting in Chapel Hill, North Carolina, where U.S. officials are pushing a lighter-touch approach to AI regulation. The gathering brings together government officials and some of the world’s biggest technology e

September 2, 2026

Business

SIA Keeps Betting on Loss-Making Air India — But a US$1.5 Billion Funding Request Could Test How Long the ‘Long Game’ Can Last

SINGAPORE — Singapore Airlines’ investment in Air India is entering perhaps its toughest test yet: the Indian carrier is burning through billions during a massive overhaul, its owners have been approached for another US$1.5 billion in fresh equity, and Tata Sons has warned that a full turnaround could take as long as a decade. Yet SIA is showing no sign that it is ready to abandon the bet. The Singapore carrier holds a 25.1% stake in Air India, with Tata Sons controlling the rest. SIA obtained

September 2, 2026

Business

Tigbauan Poultry Farm Ordered Shut — But Linobayan Residents Say the Real Fight Is Far From Over

ILOILO, Philippines — A suspension order has temporarily stopped operations at a controversial poultry farm in Tigbauan, Iloilo, but residents of neighboring Barangay Linobayan say temporary relief is no longer enough. Their demand is now unmistakable: they want GT Poultry Farm permanently closed. The dispute, driven by long-running complaints of foul odor and fly infestation allegedly linked to the facility in Barangay Sipitan, has escalated far beyond an ordinary neighborhood nuisance case.

September 2, 2026

Business

Taiwan’s Semiconductor Industry Targets NT$8 Trillion as AI Boom Drives Record Growth — But the Next Challenge Is Already Emerging

TAIPEI — Taiwan is setting its sights on another major semiconductor milestone, with the government pushing to lift the industry’s total output above NT$8 trillion (about US$251.8 billion) in 2026 as artificial intelligence and high-performance computing continue to reshape global chip demand. The ambitious target underscores Taiwan’s critical position at the heart of the global semiconductor supply chain, particularly as demand accelerates for advanced processors, high-bandwidth memory, advanc

September 2, 2026

Business

China Keeps Fuel Exports Flowing as Beijing Loosens Controls Amid Global Supply Crunch

China is preparing to keep its refined-fuel exports roughly steady in September, signaling that Beijing is becoming more willing to let refiners take advantage of lucrative overseas markets even as global fuel supplies remain tight. Five trade sources told Reuters that Chinese refiners are expected to export slightly more than 4 million metric tons of gasoline, diesel and jet fuel in September. That would be above China's average monthly exports of about 3 million tons for those products last y

September 2, 2026

Business

FairPrice Doubles CHAS Discounts to 6% Until Jan 1 — But One Shopping-Day Rule Could Decide How Much You Save

SINGAPORE — FairPrice is doubling grocery discounts for eligible CHAS Blue and Orange cardholders from 3% to 6%, giving households another way to stretch their budgets as everyday expenses remain firmly in focus. The enhanced discount begins on September 3, 2026 and runs through January 1, 2027, but there is an important condition: CHAS Blue cardholders receive the 6% discount on Thursdays, while CHAS Orange cardholders get it on Fridays. The offer is available across FairPrice supermarkets, F

September 2, 2026

Business

RAZON’S ICTSI BREAKS THE P2-TRILLION BARRIER — NOW THE PSE IS ASKING: HOW MUCH HIGHER CAN IT GO?

MANILA, Philippines — Tycoon Enrique Razon Jr.’s International Container Terminal Services Inc. (ICTSI) has officially cemented its place in Philippine stock-market history after becoming the first domestic listed company to reach a ₱2-trillion market capitalization, prompting the Philippine Stock Exchange (PSE) to hold a special recognition ceremony for the port operator. The PSE celebrated ICTSI’s milestone on September 1, highlighting what exchange officials described as an extraordinary acc

September 2, 2026