Category: Business

Business

Goldman Sachs, Bank of America and 19 Financial Giants Are Building a Dollar Stablecoin — What Happens Next Could Reshape Global Payments

A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, is moving ahead with plans to launch a jointly backed dollar stablecoin in the first half of 2027 — a move that could bring traditional banking giants deeper into the rapidly expanding digital-asset economy. The financial institutions plan to establish a new company in the second half of 2026, subject to closing conditions, to support issuance of the stablecoin. The initial product is e

September 2, 2026

Business

Dyson’s New AI Toothbrush Can See Between Your Teeth — Then It Flosses the Spots You Missed

Dyson has entered the smart oral-care market with the CameraJet, a high-tech electric toothbrush that uses a tiny camera, machine learning and a precision mouth-rinse jet to identify gaps between teeth and clean them while you brush. The days of simply brushing and hoping you didn't miss a spot may be getting a futuristic upgrade. Dyson has launched the CameraJet, an electric toothbrush designed to combine brushing and precision flossing in a single routine. The device was unveiled in Paris on

September 1, 2026

Business

Singapore Steps Up Cabbage Tests After China Formaldehyde Scare — But Has Any Tainted Produce Reached Our Shelves?

SINGAPORE — A food-safety controversy that began with a viral video in northern China has now put cabbage imports under closer scrutiny in Singapore, after authorities confirmed that formaldehyde had been illegally used on some vegetables during transportation. The Singapore Food Agency (SFA) said on September 1 that it had stepped up surveillance and testing of cabbages as part of its food-safety monitoring programme following reports about the practice in China. But there is an important dis

September 1, 2026

Business

Sembawang Family Says Stall Owner Threw Their Water Bottle Twice — But the Operator Tells a Very Different Story

Sembawang Family Says Stall Owner Threw Their Water Bottle Twice — But the Operator Tells a Very Different StoryWhat began with a reusable water bottle on a coffee-shop table has exploded into one of Singapore’s latest viral dining disputes — complete with angry words, competing videos, accusations of a challenge to fight and now a police report. But as more accounts emerge, the confrontation at a coffee shop along 447 Sembawang Road, where Chong Pang Nasi Lemak’s main outlet operates, is provi

September 1, 2026

Business

Philippines May Import Up to 5 Million Tons of Rice—But the Bigger Food-Security Risk Could Come Next

MANILA, Philippines — The Philippines could import as much as 5 million metric tons of rice this year as the government races to build up food reserves amid worsening weather risks, including a developing El Niño and damage from heavy monsoon rains and tropical cyclones. Agriculture Secretary Francisco Tiu Laurel Jr. told lawmakers on Tuesday that additional rice imports may be needed after the country's main harvest season to ensure sufficient stocks during the first quarter of 2027. The stra

September 1, 2026

Business

Singapore K-Beauty Fans, Get Ready: Sephora Is Bringing Olive Young’s Trending Korean Beauty Picks Closer to Home

SINGAPORE — K-beauty fans in Singapore will no longer have to wait for their favourite Korean skincare trends to make their way across the region. Starting Wednesday, Sept. 2, 2026, Sephora Singapore will launch the Olive Young K-Beauty Edit, bringing a curated selection of Korean beauty brands and products to local shoppers as part of a major global partnership between Sephora and South Korea’s Olive Young. The Singapore rollout follows the partnership’s first activation in the United States

September 1, 2026

Business

Foo Cexiang Puts AI, Working Parents and New Growth Markets at Top of Agenda — But Singapore’s Hardest Workforce Test Is Still Ahead

SINGAPORE — Artificial intelligence, the pressures facing working parents and Singapore’s search for its next generation of overseas growth markets are emerging as three major priorities for newly appointed Minister of State Foo Cexiang as he begins work at the Ministry of Manpower and Ministry of Trade and Industry. Foo formally took up his appointments on September 1, marking a rapid rise for the first-term Tanjong Pagar GRC MP, who entered Parliament following the 2025 General Election. His

September 1, 2026

Business

Shopee Customer Told Others “Please Do Not Buy” — Then the Retailer Took Her to Court

SINGAPORE — A Singapore appliance retailer has lost a defamation lawsuit against a customer who posted a negative review on Shopee, with the court ruling that her comments were not defamatory and were substantially grounded in facts communicated by the retailer itself. Asia Excel, a household appliance retailer, was ordered to pay S$4,000 in costs to customer Chua Poh Hiok after District Judge Chiah Kok Khun dismissed its claim over her November 2024 Shopee review. The case has attracted atten

September 1, 2026

Business

8 Pet Businesses Face Exit From Singapore’s Animal Lodge — But What Happens to the Animals Next?

SINGAPORE — Eight commercial tenants at Singapore’s The Animal Lodge will not have their leases renewed after failing to meet requirements under a new tender exercise designed to push animal-welfare and operating standards higher. The affected businesses include seven dog breeders and one pet boarding operator, with their current tenancies due to expire on Dec 5, 2026. The decision affects eight of the facility’s 35 commercial tenants, who collectively occupy 53 units at The Animal Lodge in Su

September 1, 2026

Business

PH Needs Up to 12 Mega Food Hubs to Cut Food Costs — But Only Five May Open Before Marcos Leaves Office

MANILA, Philippines — The Philippines may need as many as 10 to 12 massive food distribution hubs to fix one of agriculture’s most stubborn problems: farmers can produce food, but getting it efficiently from farms to consumers remains expensive, fragmented and heavily dependent on layers of traders. Agriculture Secretary Francisco Tiu Laurel Jr. told lawmakers on Tuesday, September 1, that a nationwide network of mega food hubs could help farmers and fisherfolk reach markets more efficiently, p

September 1, 2026