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STI Falls 1.2% on August 19 as Bank Stocks Slip; Meyka Rates Index Hold
Singapore’s STI index fell 1.2% on August 19 as DBS, OCBC, and UOB slipped. The three banks account for 57% of the index’s weight, raising concentration concerns despite a strong 24% year-to-date rally.
Stellantis Recalls 955,000 Vehicles Over Camera Software Flaw on August 19
Stellantis recalls 955,000 vehicles worldwide due to radio software preventing rearview camera display. Fix via over-the-air update starting September. No injuries reported.
Toyota Sienta Gets Cheaper Entry Model at ¥2.146M With New Clear Beige Color
Toyota Sienta gets refreshed with new ¥2.146M entry model, Clear Beige color, and improved equipment. Full redesign expected around 2028 with new 1.5L hybrid system.
UK Culture Secretary Attacks Rugby League World Cup Paywall on August 19
Premier Sports wins exclusive UK broadcast rights for October’s Rugby League World Cup. Culture Secretary Lisa Nandy criticizes paywall, urges free-to-air deal as BBC opts out.
Harland & Wolff’s Samson and Goliath Cranes Set for £3.1 Million Overhaul as Belfast Shipyard Modernises
Harland & Wolff’s Samson and Goliath cranes are set for a £3.1 million overhaul, owner Navantia UK confirmed this week. The iconic yellow gantry cranes have towered over Belfast’s skyline for more than five decades. Work has already begun on Goliath, the older of the pair, with Samson to follow once that refurbishment finishes. The…
Zoho’s Sridhar Vembu Flags 500% Memory Price Surge, Warns of Business Crisis
Zoho founder Sridhar Vembu warns memory prices up 500% in 12 months, driven by AI data centre demand. DDR5 kits now cost 10x their lowest prices. Software companies face margin pressure.
DayOne Secures S$530M Green Loan for Singapore’s First Hydrogen Data Centre
DayOne secures S$530 million green loan from DBS, OCBC, and UOB for Singapore’s first hydrogen-powered data centre. The 20MW facility will test solid oxide fuel cell technology and achieve BCA Green Mark Platinum certification.
UK Salmonella Outbreak Kills One, Sickens 207 as Imported Eggs Suspected
UK salmonella outbreak leaves one dead and 207 ill. UKHSA links outbreak to imported eggs used in restaurants and cafes. 38% of cases required hospital admission.
Qantas A380 Flew to Dallas With 33cm Maintenance Light in Wing, August 18
Qantas A380 flew Sydney to Dallas and back with a 13-inch maintenance light left in the wing. ATSB investigation found breakdowns in tool-control procedures. Qantas strengthens safety checks.