Category: Business

Business

Go-Ahead Bus Captain Allegedly Assaulted on Duty in Second Case in Three Months, Union Raises Alarm

SINGAPORE — A Go-Ahead Singapore bus captain was allegedly assaulted while on duty earlier this month, marking the second reported assault involving one of the operator’s bus captains in just three months and renewing concerns over the safety of frontline public transport workers. The latest incident occurred at about 5.20pm on Aug 16, while the bus captain was operating Service 2, which runs between Changi Village Terminal and Kampong Bahru Terminal, according to Go-Ahead Singapore. The journ

August 29, 2026

Business

Medicube’s Viral PDRN Cream Is Returning to Singapore Shelves — But Two Batches Failed HSA’s Sudan IV Test

SINGAPORE — One of K-beauty’s most talked-about skincare products is being allowed back onto shelves in Singapore, but consumers are being urged to check their jars carefully after laboratory tests found a prohibited dye in two specific batches. Singapore’s Health Sciences Authority (HSA) said on August 28 that unaffected batches of Medicube PDRN Pink Collagen Capsule Cream may resume sales after completing an investigation that began with a precautionary suspension. But two batches supplied b

August 29, 2026

Business

Sablayan Freezes Prices of Basic Goods Until October 13 — But the Bigger Test Comes After ₱1.43-B Flood Damage

SABLAYAN, Occidental Mindoro — Families struggling to recover from weeks of destructive rains and flooding are getting at least one layer of protection at the checkout counter: prices of key basic necessities in Sablayan have been frozen for 60 days as the municipality deals with massive storm damage estimated at more than ₱1.4 billion. The Department of Trade and Industry said the automatic price freeze took effect on August 14, 2026, following Sablayan's declaration of a state of calamity aft

August 29, 2026

Business

What Happens When Philippine Business Titans Share One Room? The Guest List at This Manila Gathering Says It All

MANILA, Philippines — It was a gathering that brought some of the biggest names in Philippine business out from behind their boardroom doors and into the same room. Leechiu Property Consultants recently hosted “Cocktails & Connections,” an exclusive networking gathering that drew an unusually high concentration of the country's most influential entrepreneurs and corporate executives—including Lance Gokongwei, Andrew Tan and Paolo Villar. Also seen at the event were prominent business leaders H

August 29, 2026

Business

S$3 BILLION MONEY-LAUNDERING HAUL GOES UNDER THE HAMMER: Luxury Bags, Diamonds and 80+ Properties Set for Auction

SINGAPORE — Luxury handbags, high-end watches, fine jewellery and more than 80 properties linked to Singapore’s landmark S$3 billion money-laundering case are about to enter the market, with auctions scheduled to begin in September 2026. Professional services firm Deloitte, which was appointed by the Singapore Police Force to manage and realise the forfeited non-cash assets, said more than 1,000 luxury items and 80 real estate properties will be sold in phases from September 2026 through mid-20

August 29, 2026

Business

Mexico Just Raised $1.8 Billion From Japan—But What Are Investors Seeing That Others Don’t?

Mexico has returned to Japan’s debt market with a $1.8 billion fundraising deal—its first Samurai bond sale in two years—signaling renewed investor appetite even as concerns over the country’s finances continue to cast a shadow over its credit outlook. Mexico raised 282.8 billion yen, equivalent to approximately $1.77 billion to $1.8 billion, through a multi-tranche Samurai bond offering, marking the country's first return to the Japanese yen-denominated debt market since 2024. The transaction

August 29, 2026

Business

GCash’s ₱92-B IPO Could Make Philippine History — But Most of the Money Won’t Go to GCash

MANILA, Philippines — GCash parent Mynt Inc. is preparing what could become the biggest initial public offering in Philippine history, but one detail buried inside the massive transaction may prove just as significant as its record-breaking size: most of the potential ₱92.3 billion raised would go to existing shareholders selling their stakes, rather than directly into the company. Under Mynt’s revised preliminary prospectus, selling shareholders could receive as much as approximately ₱76.26 bi

August 29, 2026

Business

Singapore Needs 1,800 More Infant-Care Educators by 2030 as Preschool Demand Rises

SINGAPORE — Singapore is preparing for a major expansion of infant care, but there is one critical challenge standing in the way: finding enough trained educators to care for the country’s youngest children. The early childhood sector is aiming to recruit 1,800 additional infant-care educators by 2030, as demand for infant-care places is expected to grow alongside the Government’s plans to make preschool significantly more affordable for families. The Early Childhood Development Agency (ECDA)

August 29, 2026

Business

300+ Patients Were Secretly Filmed at Taiwan Cosmetic Clinics — But Investigators Fear the Victim Count Could Go Much Higher

TAIPEI, Taiwan — A hidden-camera scandal involving Taiwanese cosmetic clinic chain Dr. Shine has escalated dramatically, with prosecutors indicting nine people over the alleged secret filming of more than 300 patients — including four minors — inside treatment and consultation areas where clients could be partially or fully exposed. The New Taipei District Prosecutors’ Office said concealed surveillance cameras were allegedly installed across eight Dr. Shine branches in Taipei and New Taipei Ci

August 29, 2026

Business

OpenAI Moves to End AI Deal With Elon Musk’s Cursor — November Shutdown Looms

OpenAI is preparing to cut off its AI models from Cursor, the coding platform now owned by Elon Musk’s SpaceX, in a move that exposes growing tensions inside the increasingly competitive AI industry. OpenAI said it has notified SpaceX that it intends to wind down its contract supplying OpenAI models to Cursor, with a proposed shutdown date of November 12, 2026. The company said it is giving SpaceX the maximum notice allowed under their contract so developers using Cursor have as much time as p

August 29, 2026