Rewards Updates : Kris+ will cut earn rates at more than 250 merchants from July

Source : 

https://milelion.com/2025/06/26/kris-will-cut-earn-rates-at-more-than-250-merchants-from-july/

Apple Intelligence : 

Starting July 1, 2025, Kris+ earn rates will decrease at over 250 merchants, following the standardization of KrisFlyer mile value to 1 cent per mile. This change will result in a 40% reduction in average earn rates, impacting the overall generosity of the Kris+ program. The updated list of merchants and earn rates is available for reference.

Kris+ merchants are rebasing their earn rates, with many moving from 9 mpd to 6 mpd, reflecting the 50% increase in KrisPay mile value. This change will impact those who convert Kris+ miles to KrisFlyer, as the number of high-earning merchants has decreased significantly. While some merchants have maintained their rates, it is expected that more adjustments will occur.

Kris+ allows users to transfer miles earned from Kris+ to their KrisFlyer account. The DBS Woman’s World Card, Citi Rewards + Amaze, and KrisFlyer UOB Card are recommended for earning 3-4 miles per dollar.

Rewards Updates : Is a KrisFlyer devaluation coming soon?

Source : 

https://milelion.com/2025/06/24/is-a-krisflyer-devaluation-coming-soon/

Apple Intelligence : 

• KrisFlyer Devaluation Rumor: Rumors suggest Singapore Airlines plans to adjust its award redemption charts soon.

• Official Announcement: Nothing has been officially announced by Singapore Airlines yet.

• Standardized Mile Value: From July 2025, the value of a KrisFlyer mile will be standardized at 1 cent for spending on Singapore Airlines and Scoot commercial flights, Kris+ transactions, KrisShop purchases and Pelago bookings.

• Mile Value Increase: The value of a mile in Kris+ increased to 1.35 cents.

• Potential Devaluation: Singapore Airlines hinted at changes to the KrisFlyer program, suggesting a potential devaluation this summer.

• Fuel Surcharge Consideration: The airline is considering bringing back fuel surcharges on award tickets, but no decision has been made.

• KrisFlyer Award Chart Updates: Six updates since 1999, with the latest in July 2022.

• Notable Changes: Introduction of fuel surcharges, expansion and consolidation of award zones, changes in award redemption options, and removal of certain perks.

• Recent Restrictions: Removal of the “stopover trick” and capping of complimentary stopovers at 30 days.

• Frequent Devaluation: KrisFlyer award chart devaluations are happening more frequently, every 2-3 years instead of 4-5 years.

• Potential Devaluation in 2025: Another award chart adjustment is likely in 2025, given the last one was in July 2022.

• Aircraft Delivery Delays: Singapore Airlines’ expansion plans are impacted by Boeing’s delivery delays, particularly for the B777-9s.

• Aircraft Fleet Status: Singapore Airlines is replacing aging B737-800s and retiring A380-800s, leading to a reduction in premium cabin seats.

• Impact on Award Chart: High demand and limited award seat availability due to fleet changes are putting pressure on Singapore Airlines to adjust its award charts.

• Future Cabin Product and Devaluation: New First and Business Class seats will be introduced in early 2026, and historically, new seats have been linked to award chart devaluations.

• KrisFlyer Devaluation History: Singapore Airlines has devalued its KrisFlyer program multiple times, including in 2003, 2007, 2013, and 2017, often before introducing new cabin products.

• KrisFlyer Mile Value Standardization: Singapore Airlines is standardizing the value of KrisFlyer miles to 1 cent each, potentially leading to adjustments in award chart prices and potentially dynamic award pricing.

• Devaluation Response Strategies: Recommendations for KrisFlyer members during devaluations include booking trips at current prices if increases are mild or redeeming miles if the devaluation is significant.

• KrisFlyer Devaluation Prediction: Singapore Airlines hinted at changes to the KrisFlyer program, suggesting a potential award chart devaluation in the coming months.

• Award Booking Window: Award tickets can be booked up to 355 days in advance, with new inventory loaded daily at 8 a.m. (all destinations except USA), 1 p.m. (EWR/JFK), and 4 p.m. (LAX/SEA/SFO) SGT.

• Impact of Devaluation: Waitlists cleared after the devaluation and award ticket changes requiring reissuance will be subject to new prices.

Rewards Updates : Enhanced: Redeem KrisFlyer miles at 1 cent each across SIA, Scoot, Pelago, Kris+ and KrisShop

Source : 

https://milelion.com/2025/06/23/enhanced-redeem-krisflyer-miles-at-1-cent-each-across-sia-scoot-pelago-kris-and-krisshop/

Apple Intelligence : 

• KrisFlyer Mile Value: From July 1, 2025, KrisFlyer miles will be worth 1 cent each across SIA, Scoot, Pelago, Kris+ and KrisShop.

• Redemption Rate Standardization: Singapore Airlines will introduce a standardized redemption rate of 100 KrisFlyer miles = S$1 across all platforms.

• Value Enhancement: The new rate boosts the value per mile by 5-50%, depending on the use case.

• Payment Method: KrisFlyer members can use miles to pay for commercial tickets, purchases at Kris+ merchants, KrisShop, and Pelago.

• Miles Redemption Rate: From July 1, 2025, the redemption rate will be harmonized to 100 KrisFlyer miles = S$1.

• Minimum Redemption Amount: The minimum redemption amount will be 10 miles for Kris+, and 1,000 miles for Singapore Airlines and Scoot, KrisShop, and Pelago.

• Kris+ Transfer Bonus Value: Transferred KrisFlyer miles to Kris+ with a 35% bonus will be worth S$13.50, or 1.35 cents per mile.

• Miles & Cash Rate Change: The rate for Miles & Cash for Singapore Airlines flights has changed, but the difference is marginal compared to the previous rate.

• KrisFlyer vRooms Value: Redeeming the minimum number of miles (1,500 miles) through KrisFlyer vRooms can yield a higher valuation of 1.6 cents per mile.

• Best Use of Miles: Award flights offer the highest value for KrisFlyer miles, with potential valuations of 4-5 cents per mile.

• Value of Spending Miles: Spending miles for cash or non-travel rewards is not recommended, as the value is significantly lower (1 cent per mile).

• Miles Conversion: Converting KrisFlyer miles to other loyalty programs like Shangri-La Circle or CapitaStar offers slightly higher value than cash equivalents.

• KrisFlyer Mile Value Standardization: From July 1, 2025, KrisFlyer miles will be standardized to 1 cent each for all redemptions.

• Impact on Mile Conversion: Converting KrisFlyer miles to other programs like yuu Points or Accor points will no longer be advantageous.

• Potential Concerns: Standardization of mile value raises concerns about potential future shifts towards revenue-based redemptions.

Investing Updates : U.S. Entry into Israel-Iran Conflict: Which Industries Stand to Be Affected?

Source : 

https://www.moomoo.com/community/feed/u-s-entry-into-israel-iran-conflict-which-industries-stand-114731808129029

Apple Intelligence : 

• Oil Price Impact: Oil prices surged by over 4% following the US entry into the Israel-Iran conflict, with WTI crude nearing $77 per barrel and Brent crude futures exceeding $80 per barrel.

• Potential Oil Disruption: Iran’s parliament voted to close the Strait of Hormuz, a crucial oil passageway, potentially leading to oil prices reaching $100 per barrel.

• Historical Market Resilience: Stock markets have historically recovered from geopolitical conflicts, indicating potential resilience in the face of the current situation.

• Stock Market Performance: Remained relatively stable during the initial stages of the Israel-Iran conflict.

• Impact of Geopolitical Events: Historical examples, like the Russia-Ukraine conflict, show that markets can recover from initial shocks.

• Short-Term Industry Effects: Oil and defense stocks saw increases due to potential impacts of the conflict.

• Safe-Haven Asset: Spot gold is near its record high as investors seek safe-haven assets.

• Gold Mining Companies: Newmont, Agnico Eagle, Wheaton Precious Metals, and Barrick Mining.

• Uranium Mining Companies: Cameco, NexGen Energy, Centrus Energy, and Uranium Energy.

Investing Updates : What to Expect in the Week Ahead (Micron, Carnival, and Nike Earnings; PCE Inflation)

Source : 

https://www.moomoo.com/community/feed/114726078775302?global_content=%7B%22promote_content%22%3A%22mm%3Afeed%3A114726078775302%22%2C%22invite%22%3A103096561%7D&futusource=news_hotnews_list&client_hour_clock=24&clientlang=2&clienttype=121&clientver=15.18.11708&is_visitor=0&main_broker=WwoJMTAwOApdCg%3D%3D&my_cid=103096561&sg_cid=103096561&skintype=3&us_cid=103096561&user_id=103096561&user_id_type=3

Apple Intelligence : 

• Earnings Reporting: Carnival, FedEx, Micron Technology, and Nike will report quarterly earnings.

• Micron Technology Earnings: Micron Technology is expected to report EPS of $1.438 and revenue of $8.83 billion for the third fiscal quarter of 2025.

• Micron Technology Growth Drivers: Strong demand for Micron’s products, particularly in data centers and AI applications, and robust sales of HBM offerings.

• Micron’s Gross Margin Trend: Declining non-GAAP gross margin, potentially due to competitive pricing or product mix changes.

• Housing Market Outlook: Declining new-home sales volumes and downward pressure on prices due to rising mortgage rates and excess inventory.

• Inflation Projection: Modest increase in core PCE price index, with year-on-year inflation rates expected to rise due to base effects.

Entertainment Updates : No longer a must-have? Why some Singapore malls are swapping cinemas for gyms and tuition centres

Source : 

https://www.channelnewsasia.com/singapore/shopping-malls-turn-sports-education-tenants-replace-cinemas-5177041

Apple Intelligence : 

• Tenant Mix Diversification: Mall operators are replacing cinemas with gyms, indoor basketball courts, tuition centres, and immersive dining experiences.

• Cinema Industry Challenges: Cinemas face difficulties due to the rise of streaming services and changing consumer preferences.

• Shift in Mall Operator Perspective: The pandemic accelerated a trend of people consuming entertainment at home, reducing the value proposition of cinemas as anchor tenants.

• Cathay Cineplexes Transformation: Cathay Cineplexes is transforming some of its outlets into education and enrichment hubs.

• Parkway Parade Example: Parkway Parade’s outlet has been transformed into an education and enrichment hub with a basketball academy and a math enrichment center.

• The Cathay Example: The Cathay along Handy Road now houses PSB Academy and other businesses, no longer operating as a cinema.

• Cinema Space Repurposing: Filmgarde Cineplexes’ space at Leisure Park Kallang will become an “immersive dining” venue.

• New Tenants at Parkway Parade: Scholar Basketball Academy is among the new tenants at level seven of Parkway Parade.

• Cinema Overhaul Plans: West Mall and AMK Hub plan to overhaul the cinema spaces formerly occupied by Cathay Cineplexes.

• Cinema Space Repurposing: Seletar Mall’s former Shaw Theatres space is expected to be repurposed, potentially for tenants like gyms or co-working spaces.

• Changing Consumer Behavior: Shifting consumer preferences and challenging market conditions are leading mall and cinema operators to reevaluate their business strategies.

• Mall Operator Preferences: Mall operators are increasingly seeking tenants that can generate consistent foot traffic throughout the day, favoring higher-paying options over cinemas.

• Tenant Selection Criteria: Mall operators prioritize tenants that can attract foot traffic, such as enrichment centers, gyms, and experiential F&B outlets.

• Reasons for Choosing Specific Tenants: These tenants are preferred because they encourage longer stays, attract customers during off-peak hours, and offer a diverse range of experiences.

• Cinemas’ Current Status: While rental payment delays are a concern, experts believe cinemas are not yet considered a significant risk for landlords.

• Cinema Space Reinstatement: Restoring a former cinema space can be expensive and time-consuming, potentially costing six figures and taking months.

• Benefits of Similar Tenants: Having a replacement tenant from a similar trade, like another cinema, can reduce capital expenditure and ensure stable income for both landlord and tenant.

• Shaw Theatres at Jem: Shaw Theatres will take over the cinema space at Jem, becoming the only cinema operator in the Jurong East catchment.

LifeStyle Updates : NLB Celebrates Book Bugs With Exhibition, Commemorative Cards & More

Source : 

https://www.littledayout.com/nlb-book-bugs-cards/

Apple Intelligence : 

• Book Bugs Program Goal: To cultivate a love for reading in children and boost book loans and library visits.

• Program Activities: Players earn points by borrowing books or eBooks, redeemable for Book Bugs cards, and participate in quizzes, events, and playoffs for bonus points and tokens.

• Program Impact: Increased book borrowing and reading, particularly among boys, with a positive impact extending beyond the campaign period.

• Exhibition Details: Book Bugs: Unearthing Memories exhibition will showcase all 425 Book Bugs cards across five editions.

• Exhibition Locations: The exhibition will be held at Central Library, Punggol Regional Library, Tampines Regional Library, Jurong Regional Library, Woodlands Regional Library, and Asian Civilisations Museum.

• Tournament Details: Bugcadia’s Annual National Tournament will be held at the National Library Building on June 21-22, 1 pm to 6 pm.

• Event Modes: Players can choose between competitive “Classic Mode” and collaborative “Storytelling Mode”.

• Event Activities: Fringe activities, card trading, friendly matches, NLB30 Special Mission activities, and token redemption.

• Commemorative Cards: Two special cards, “Pagie” and “Empress”, can be redeemed at the event and later from Book Bugs card dispensing machines.

Investing Updates : CNA Explains: Singapore's tightened crypto licensing rules – 'closing the door' or 'raising the bar'?

Source : 

https://www.channelnewsasia.com/singapore/crypto-licensing-mas-cna-explains-5186446

Apple Intelligence : 

• Regulation Target: Unlicensed cryptocurrency firms operating in Singapore that only serve overseas markets.

• Regulation Deadline: June 30.

• Regulation Goal: Closing a loophole and ensuring digital token service providers meet the same standards to bolster trust and align with global anti-money laundering efforts.

• Regulation Impact: Singapore’s Monetary Authority of Singapore (MAS) is implementing stricter regulations on cryptocurrency firms, impacting both licensed and unlicensed entities.

• Licensing Challenges: While major players like Coinbase and OKX have obtained licenses, smaller firms face difficulties in obtaining licenses and complying with new regulations.

• Industry Response: Larger firms are adapting by relocating staff and operations, while smaller firms may face compliance costs, legal restructuring, or shutdown.

• Impact on Employees: Employees working for digital token firms generally do not have to relocate due to MAS’ stricter rules.

• Industry Reaction: Singapore’s approach to crypto, while not universally embraced, has been consistent.

• Compliance Efforts: Centralized exchanges have implemented enhanced KYC and AML measures to comply with regulations and prevent illicit activities.

• MAS’s Stance on Crypto Businesses: Firms with a substantive presence in Singapore, including servicing local customers, can still obtain licenses.

• Industry Preparation Time: The industry has had sufficient time to prepare for licensing requirements since the Financial Services and Markets Act was passed in April 2022.

• Impact of MAS’s Decision: A small number of providers are affected, and it doesn’t signify hostility towards digital assets but rather emphasizes meeting Singapore’s standards.