The Business Times

SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024 This is higher than FY2023’s 6.65 months, which did not include ex-gratia bonus to reward staff for their hard work during the pandemic. https://bt.sg/K96B

PM Wong calls on Singaporeans to support each other, help his government take the country forward PM Wong promised to serve Singaporeans “with all (his) heart”, never settle for the status quo, and “always seek better ways to make tomorrow better than today”. https://bt.sg/hnJz

SIA posts 0.3% rise in H2 net profit as competition from other airlines intensifies For the full year, the group notched a 24% gain in net profit to a record high of S$2.7 billion https://bt.sg/ecUB

VIDEO: Incoming PM Lawrence Wong on tackling Singapore’s challenges “From time to time, we will have to say things or do things that some countries may not be so happy with, it could be China one day, it could be the US another day.” Incoming Prime Minister Lawrence Wong shares his thoughts on Singapore’s place in an uncertain world, and how he intends to maintain policy continuity while tackling new challenges. The stories you need to know at bt.sg

Indonesia’s trade surplus soars to US$3.56 billion in April, surpassing expectations Despite beating projections owing to slowing imports, April’s surplus falls short of March’s. https://bt.sg/ymbx

Seatrium, CDL, Jardine C&C among stocks battered after MSCI exclusion Seatrium and Mapletree Logistics Trust are among the most actively traded in terms of volume. https://bt.sg/LTJp5

VIDEO: PM Lee Hsien Loong on Singapore’s challenges and future in a polarised world “If the trend is that I want more checks and balances, and more alternative voices, you're inevitably going to weaken the government,” said Prime Minister Lee Hsien Loong in his final interview as premier. PM Lee stressed that the nation has ‘no choice’ but to stay open, and manage the tensions between locals and foreigners as it brings in talent from overseas to grow the economy. The stories you need to know at bt.sg

Sandpiper Hotel in Little India back on the market for S$33 million The new price translates to around S$1.06 million per key. https://bt.sg/i9cQx

Developers sell 301 new homes in April, down 58% on fewer launches Year on year, last month’s new home sales were 66.2% lower than the 890 units recorded in April 2023. https://bt.sg/kxvy

VIDEO: PM Lee Hsien Loong on the leadership transition and Singapore’s foreign policy “We must expect that some probing will come and we must be ready to respond.” In Prime Minister Lee Hsien Loong’s final interview as Singapore’s leader, he warned that other countries could test the new leadership on foreign policy issues, and why it is vital for the nation to continue engaging its neighbours and major world powers to protect its national interest. The stories you need to know at bt.sg