Stock Market Plunge Signals Fading Indonesian Economy

SINGAPORE has established a new government entity, Singapore GasCo, to centralize the procurement and supply of natural gas, aiming to enhance energy security as 95% of the country's electricity relies on imported gas. GasCo will negotiate better gas contracts and source from diverse suppliers to stabilize prices amid expiring contracts with Malaysia and Indonesia. Mr. Alan Heng has been appointed CEO, and the initiative aligns with Singapore's transition to net-zero emissions by 2050. Full Article

Read a summary of this article on FAST.SINGAPORE: Analysts suggest that the Singapore dollar may continue to strengthen against the US dollar due to tariff de-escalation, with some predicting potential parity between the two currencies in the future. Currently, the Singapore dollar is around 1.29 against the US dollar, having strengthened approximately 5.8% this year, attributed to a USD sell-off and favorable trade developments. Economists predict further appreciation, possibly reaching 1.2800 by Q3 and 1.2650...

Read a summary of this article on FAST.SINGAPORE: Nominations for the 2025 Goh Chok Tong Enable Awards (GCTEA) have opened, with submissions closing on Jun 25. The awards, now in their seventh year, aim to empower persons with disabilities through financial aid and recognition, featuring two categories: GCTEA (Achievement) and GCTEA (Promise). Up to three winners in the Achievement category will receive S$10,000 each, while up to ten in the Promise category will receive S$5,000...

SINGAPORE: The latest bidding exercise for Certificates of Entitlement (COE) on May 7 saw premiums for Category A cars rise to S$103,009, marking the first time since October that prices exceeded S$100,000. Category B car premiums increased to S$119,890, while Open category COEs rose to S$118,889. In contrast, COEs for commercial vehicles fell to S$62,590, and motorcycle premiums decreased to S$8,709; the total COE quota for the May to July period will increase by over...

SINGAPORE: Progress Singapore Party (PSP) chief Leong Mun Wai acknowledged the disappointing results of the recent General Election, stating they respect voters' decisions. Following the party's exit from parliament, Leong emphasized their commitment to regroup and continue advocating for checks and balances and fair opportunities. He expressed gratitude to supporters and urged the ruling People's Action Party to heed residents' voices. Full Article

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Singapore's United Overseas Bank (UOB) will resume giving 2025 guidance when the impact of United States tariffs becomes clearer, it said on Wednesday (May 7) after posting a stable first-quarter net profit that missed expectations."The world order has been disrupted by US tariffs. While...