How surging demand from AI hyperscalers has quintupled flash memory prices and shifted market and negotiating power from Apple to suppliers like Kioxia (Rolfe Winkler/Wall Street Journal)

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• Construction firm charged with operating unlicensed foreign worker dormitory

  Singapore authorities took enforcement action against LBD Engineering and its general manager for illegally converting an industrial factory space into unauthorized living quarters. The Ministry of Manpower intervened to enforce strict regulatory standards designed to protect migrant worker welfare from unregulated housing conditions. This prosecution highlights the government's continued crackdown on companies that bypass statutory safety protocols to house commercial laborers.

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• Google's search revenue rose 12% YoY to $63.25B in Q3 2026, down from 14.5% in Q3 2025, with Google attributing the slowdown to "lower monetization" in AI Mode (Simon Sharwood/The Register)

  The technology giant faces growing financial friction as user transitions toward artificial intelligence tools outpace immediate ad returns. Despite bringing in tens of billions of dollars, the cooling expansion rate highlights the operational challenges of generating profit from newer interactive search features. Meanwhile, massive infrastructure investments continue to weigh on the company's broader operational balance sheet.

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• ‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget

  Store owners and venue operators warn that the government's newly announced support package fails to counteract years of mounting operational overheads. With national insurance rates and minimum wages squeezing margins, employers argue that targeted adjustments to property taxes cannot prevent staffing reductions and supply chain disruptions. Many warn that physical storefronts will continue to struggle against online competitors without comprehensive structural tax reform.

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