SGNews
01

Therme breaks ground on $1b Marina South wellness hub

  • Seven-storey facility with thermal baths, spas
  • Opens 2030, about 400 jobs; ~$1b investment
  • Therme makes Singapore its Asia gateway and regional HQ
Sources (5) STBTZBBH
  • ST Front Page — “Work to start on S'pore's first large-scale wellness facility in Marina South”
  • ST Big Story — “Therme Singapore aims to bring wellness to public”
  • BT Upfront — “Mah Bow Tan-led Therme Singapore breaks ground on wellness facility with thermal baths, spas”
  • ZB News Front Page — “亚洲首个大型康养目的地落户滨海南 (Asia's first large-scale wellness destination to be located in Marina South)”
  • BH Front Page — “Tarikan kesejahteraan di Marina South bakal dibuka 2030 (Marina South wellness attraction to open in 2030)”
02

NS medical system drops PES status for exemptions

  • Pre-enlistees told specific medical exemptions, not a PES grade
  • New functional test assesses range of motion, capacity
  • System refreshed for incoming cohorts
Sources (2) ST
  • ST Big Story — “Refreshed NS medical classification system kicks in for pre-enlistees”
  • ST Big Story — “What it is like to go through a functional test before NS enlistment”
03

CDAC raises income thresholds to help more families

  • Higher income limits for tuition, bursaries and support
  • Widens access for lower- and middle-income homes
  • Effective for upcoming cohorts
Sources (1) ST
  • ST Front Page Singapore — “More families to get CDAC support as income eligibility thresholds rise”
04

ComfortDelGro opens free driverless shuttle in Punggol

  • Free rides to the public from June 22
  • 25-minute route links three locations daily
  • Operated by ComfortDelGro
Sources (2) STBH
  • ST Singapore — “Free ComfortDelGro driverless shuttle rides set to open to the public”
  • BH Berita — “Khidmat ulang-alik percuma tanpa pemandu ComfortDelGro di Punggol mulai 22 Jun (Free ComfortDelGro driverless shuttle service in Punggol from June 22)”
05

Doctors lose tax-avoidance challenge against IRAS

  • Three private-practice specialists challenged IRAS ruling
  • Paid themselves low salaries, routed income via companies
  • Challenge dismissed, affirming IRAS clawback
Sources (1) ST
  • ST Singapore — “3 docs fail in challenge against IRAS ruling over tax avoidance”
06

Thailand revives 1tn baht land bridge vs Malacca Strait

  • Coast-to-coast corridor to bypass the Malacca Strait
  • Estimated 1 trillion baht project
  • Investors wary on costs, geopolitics
Sources (1) BT
  • BT Upfront — “Thailand revives 1t baht coast-to-coast corridor to rival Malacca Strait”
07

Malaysia tightens civil servants' asset rules after scandal

  • Reworked shareholding and asset-declaration rules
  • Follows controversy over ex-anti-graft chief's holdings
  • Aims to tighten monitoring
Sources (2) STBT
  • ST Front Page World News — “Malaysia reworks asset rules for officials after scandal”
  • BT Upfront — “KL tightens asset rules for civil servants amid controversy over former anti-graft chief's holdings”
08

India's NSE IPO to hand investors a US$2.6b windfall

  • NSE listing nears after long wait
  • US$2.6b windfall for backers
  • Investors include Temasek and Canada's pension fund
Sources (1) BT
  • BT Companies — “India's NSE IPO sets up US$2.6b windfall for investors including Temasek”
09

ASEAN-Russia summit ends; Wong tells Putin SG won't take sides

  • Kazan Declaration marks 35 years of ASEAN-Russia ties
  • Cooperation pledged on energy, food security, logistics
  • Wong to Putin: principle, not side-taking, on Ukraine; meets Erdogan after
Sources (3) STZBBH
  • ST Front Page — “ASEAN, Russia reaffirm commitment to deepening cooperation at summit”
  • ZB News Focus — “黄总理向普京强调我国对乌问题不选边 (PM Wong stresses to Putin that Singapore does not take sides on Ukraine)”
  • BH Berita — “Asean, Russia perkukuh kerjasama di sidang kemuncak Kazan (ASEAN, Russia strengthen cooperation at Kazan summit)”
10

Endangered species found in Sembawang development woodland

  • EIA finds critically endangered species on the site
  • Recommends shrinking the development footprint
  • Wants four high-value ecological zones preserved
Sources (1) ZB
  • ZB Local News — “三巴旺一林地有濒危物种 环评报告建议缩小开发区 (Endangered species in a Sembawang woodland; EIA report recommends shrinking the development zone)”

Follow-ups

Iran/Hormuz war and ceasefire

Israel-Hezbollah ceasefire as US-Iran deal wobbles

  • Israel, Hezbollah agree Lebanon ceasefire after clashes
  • First US-Iran follow-up talks abruptly postponed
  • GOP hawks slam terms; Vance warns Israel; refiners ramp exports
Sources (4) STBTZB
  • ST Big Story — “Israel, Hezbollah agree ceasefire after attacks, as US-Iran deal teeters”
  • ST Big Story — “Trump's exit strategy from Iran war pleases almost no one”
  • BT Upfront — “Crude oil 'caught up in cautious enthusiasm' over US-Iran peace deal”
  • ZB News Front Page — “美伊会谈临时取消前景不明 以与真主党同意停火见转机 (US-Iran talks abruptly cancelled, outlook unclear; Israel-Hezbollah ceasefire offers a turn)”

Russia-Ukraine war

Zelensky presses EU on fast-track membership, winter arms

  • Urges EU to speed up Ukraine's accession
  • Seeks air-defence missiles and fuel for winter
  • Ukrainian drone makers now pitching to Asian buyers
Sources (2) ST
  • ST World — “Fast-track Ukraine's EU membership to secure Europe's future: Zelensky”
  • ST World — “Ukrainian drone makers target Asia as Taiwan tensions spur demand”

World Cup 2026

Ronaldo struggles in Messi's shadow; South Korea lose

  • Ronaldo's misfires contrast with Messi's hat-trick
  • South Korea fall to Mexico; coach backs goalkeeper
  • Debate over FIFA's three-minute hydration breaks
Sources (2) ST
  • ST Sport — “Houston, we have a phenomenon: Ronaldo right after Messi”
  • ST Sport — “Hong wills S. Korea on”

SpaceX Nasdaq IPO

SpaceX draws Singapore retail buyers; up 37% in week one

  • Strong retail demand in Singapore, not at local equities' expense
  • Shares end first week up 37%
  • Reportedly planning US$20b+ bond issue
Sources (2) STZB
  • ST Front Page Business — “SpaceX listing a huge draw for retail investors in S'pore”
  • ZB Business News — “上市首周SpaceX股价涨37% 分析指当前估值仍过高 (SpaceX up 37% in first week; analysts say current valuation still too high)”

Indonesia under Prabowo

Indonesia pauses holiday free meals; MSCI flags markets

  • Free meals suspended on school, public and religious holidays
  • Move aims to ease budget deficit pressure
  • MSCI cuts Indonesia's 'information flow' rating to negative
Sources (2) ZB
  • ZB World News — “印尼财政吃紧 假日周末停供免费营养餐 (Indonesia's finances strained; free meals suspended on holidays and weekends)”
  • ZB World News — “MSCI下调印尼股市信息流评级至负面 (MSCI downgrades Indonesia stock market's information-flow rating to negative)”

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