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First seenJul 22, 2026

Last seenJul 22, 2026

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Singapore Cabinet Changes Elevate New Leaders

Singapore Prime Minister Lawrence Wong unveiled a cabinet reshuffle aimed at balancing immediate leadership transition with continuity, promoting a new generation while keeping veteran ministers in key roles after recent resignations. Key changes include K. Shanmugam becoming Senior Minister, MTI renamed to METI led by Gan Kim Yong and Tan See Leng, and promotions of Jeffrey Siow, David Neo, Sim Ann, and Ng Chee Meng, with portfolio shifts involving Manpower and Trade and Industry and changes taking effect from late July.

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Cathay Pacific Sees 1H Profit Jump to HK$6.5B

Cathay Pacific forecasts first-half profit of HK$6-6.5 billion, up from HK$3.7 billion a year earlier, aided by strong passenger and cargo demand and a HK$1.4 billion gain from the dilution of its Air China stake. Despite elevated fuel costs from Middle East tensions, the carrier benefited from rerouted travel, robust cargo including AI and pharmaceutical shipments, and fuel hedging and surcharges to cushion margins.

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