Airline revenues to hit near US$1 trillion record in 2025 even as trade tensions bite: Iata

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MON, JUN 2, 2025 Top Stories Airline revenues to hit near US$1 trillion record in 2025 even as trade tensions bite: Iata [SINGAPORE] Airlines' revenues will hit a record of close to US$1 trillion in 2025 with a stable net profit of US$36 billion. Share buybacks on SGX surge 84% in first five months to 5-year high of S$930 million [SINGAPORE] In the first five months of 2025, 63 primary-listed Singapore companies conducted share buybacks through open market acquisitions, spending a total of S$930 million – an 84 per cent jump from S$505 million in the same period last year. Don't blame high rents for F&B business closures [SINGAPORE] Singapore prides itself as a food haven. Residents and visitors love wining and dining at the wide range of food and beverage outlets here. Thailand's virtual bank race heats up – but real disruption may take time [BANGKOK] Thailand's finance ministry is set to issue three virtual banking licenses by mid-June – a move that could jolt the country's lucrative but tightly held financial sector, long dominated by a few powerful incumbents. The digital permits aim to inject long-awaited competition into the banking landscape. Singapore shares fall after Trump vows to double steel tariffs; STI down 0.1% [SINGAPORE] Shares on the Singapore bourse ended lower on Monday (Jun 2), after US President Donald Trump said last week that he would double tariffs on steel and aluminium to 50 per cent to "even further secure" the US steel industry. PODCAST Market Focus Daily: Monday, June 2, 2025 Asian stocks fall as Trump fires fresh volley in trade war; Trade war hits Asia factories as exports, production slide; South Korea ministry to minimise impact of 50% tariff on steel products; Grand Venture Tech up 10%, Azeus Systems shares surge 16.6%. Other Good Reads Asean Business Business insights centering on South-east Asia's fast-growing economies. Breakfast Brief All the latest news you need to know to start your day, right in your inbox. Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. MORE NEWSLETTERS FOLLOW US DOWNLOAD THE BT APPS ABOUT US CONTACT US HELP TERMS & CONDITIONS DATA PROTECTION POLICY ADVERTISE WITH US You are receiving this e-mail because you subscribed to the BT Breakfast Brief. We're keeping you updated with our Daily Debrief, which helps you catch up with breaking news you may have missed. If you no longer wish to receive the Daily Debrief, please click the link below to unsubscribe. If you want to unsubscribe from this mailing list,click here.