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Morning Briefing: Top stories from The Straits Times on May 22, 2026

Simba’s parent company Tuas terminates deal to buy shares in M1

Singtel’s shares down 6.4% as S’pore business weakens

All IHL students to learn AI skills via compulsory modules by 2027
Beyond using AI, graduates must learn to lead, master and question it, said the Education Minister.

Move over, fuel guzzlers: China’s EV exports lead the way in energy crisis

Visitors return to Snow City for one last snowfall ahead of Sept 30 closure

Fire breaks out at Pattaya hotel as rescue teams rush to evacuate tourists

S’pore’s bystander problem: Would you stop a molester on the MRT?

https://str.sg/4KdY3

https://youtube.com/shorts/gz9d6wfK7Xc?si=YMDeP5lU-vUthG7Y

Oil market risks ‘red zone’ by summer, IEA chief warns
https://www.straitstimes.com/world/middle-east/oil-market-risks-red-zone-by-summer-iea-chief-warns

Why Indonesia’s plan to gatekeep its biggest commodity exports is rattling businesses and investors
https://www.straitstimes.com/asia/se-asia/why-indonesias-plan-to-gatekeep-its-biggest-commodity-exports-is-rattling-businesses-and-investors

EU seeks to lift ban on Chinese chips it barred only weeks ago
https://www.straitstimes.com/world/europe/eu-seeks-to-lift-ban-on-chinese-chips-it-barred-only-weeks-ago

Keppel rises 6.1% after M1-Simba deal falls through
https://www.businesstimes.com.sg/companies-markets/keppel-rises-6-1-after-m1-simba-deal-falls-through

Vista Global sees 25% rise in Apac private jet traffic; Malaysia emerging as key Asean destination
https://www.businesstimes.com.sg/international/global/vista-global-sees-25-rise-apac-private-jet-traffic-malaysia-emerging-key-asean-destination

South-east Asia’s fishermen are being pushed to the brink by fuel costs
https://www.businesstimes.com.sg/international/asean/south-east-asias-fishermen-are-being-pushed-brink-fuel-costs

US manufacturing activity rises to four-year high in May, S&P Global survey shows
https://www.businesstimes.com.sg/international/us-manufacturing-activity-rises-four-year-high-may-sp-global-survey-shows

SIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector
https://www.businesstimes.com.sg/companies-markets/transport-logistics/sia-engineering-opens-base-maintenance-facility-subang-sees-strong-potential-malaysian-aerospace

Starbucks scraps AI tool nine months after deployment over item-counting flops
https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/starbucks-scraps-ai-tool-nine-months-after-deployment-over-item-counting-flops

Paul McCartney helps Stephen Colbert say goodbye to 'Late Show'
https://www.straitstimes.com/world/paul-mccartney-helps-stephen-colbert-say-goodbye-to-late-show

Thousands of kilometres from Iran war, Asia’s currencies feel the strain
https://www.straitstimes.com/business/thousands-of-kilometres-from-iran-war-asias-currencies-feel-the-strain

No more dumbbells or weight plates: Could a digital home gym replace your gym membership?
https://www.straitstimes.com/life/home-design/no-more-dumbbells-or-weight-plates-could-a-digital-home-gym-replace-your-gym-membership

Time Out Singapore | Singapore Events, Attractions & Things To Do
https://www.timeout.com/singapore

#HKMarketUpdate
China stocks rebound but fall for second week; Hong Kong shares up
May 22, 2026, 16:44 GMT+8

China stocks bounced on Friday but logged a second consecutive week of declines as soaring tech shares face growing profit-taking pressure.
The Hong Kong market rose as Lenovo Group's forecast-smashing results boosted sentiment.

** China's blue-chip CSI300 Index 3399300 ended the session up 1.3%, but was down 0.3% for the week.

** The Shanghai Composite Index 000001, which on Thursday logged its biggest drop since March, rebounded 0.9%.

** In Hong Kong, benchmark Hang Seng HSI advanced nearly 1%, led by tech shares HHSTECH as Lenovo 80992 surged 20% to its highest level in 26 years.

** China stocks have been climbing this year as AI-led optimism helps overcome investor worries about the broader economy.

** BNP Paribas said there's a dramatic improvement in earnings expectations in China and some other Asian economies, but "this is, however, not a broad-based story but one nearly entirely driven by the tech super-cycle."

** The bank warned that "any reversal of the (tech) cycle will create a material headwind to regional equities," but "in the near-term, it remains the only story."

** Goldman Sachs also painted a picture of a bifurcated Chinese economy where the red-hot tech sector contrasts with ailing "old economy" industries.

** "The ongoing Middle East conflict and higher energy prices have negatively impacted the Chinese economy," Goldman Sachs said in a note. However, "the Chinese economy has so far been more flexible than expected in adapting to higher oil prices."

** The Wall Street bank said investors should closely monitor Chinese exports, which have been a key growth engine. It added that "there have been some encouraging signs from the property market in top-tier cities."

** Tech shares rebounded sharply from Thursday's fall.

** Shenzhen start-up board ChiNext (.CHINEXTC) and the CSI Electronics Index (.CSI399811) jumped.

** In Hong Kong, the Hang Seng Tech Index HHSTECH climbed, while an index tracking chipmakers (.HSIT) jumped.

https://www.tradingview.com/news/reuters.com,2026:newsml_L6N41Z0IF:0-china-stocks-rebound-but-fall-for-second-week-hong-kong-shares-up/

Singapore stocks close higher amid cautious Middle East outlook; STI up 0.4%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-amid-cautious-middle-east-outlook-sti-0-4