This week in Singapore
Singaporean media prominently featured the ongoing flood crisis in Nepal and Tibet, with reports detailing Singapore's dispatch of a crisis response team and the Red Cross pledging S$50,000 for relief efforts. Locally, police warned victims of the Fun Coffee investment scheme about new fund recovery scams, and a former swimming coach was jailed for molesting a student. International news also covered various sports updates and geopolitical developments.
About Singapore
Singapore is a dynamic island nation renowned as a global financial hub, celebrated for its futuristic architecture, lush urban greenery, and strategic position in Southeast Asia. While offering a vibrant multicultural experience, its news coverage is shaped by a tightly controlled media environment, reflecting its hybrid regime status.
Visiting Singapore
Media landscape
Singapore's media environment is characterized as a hybrid regime, with extensive state control exercised through licensing and defamation laws. While professional, news coverage generally avoids direct criticism of the ruling party.
Given the extensive state control, readers should seek diverse sources and be aware that critical reporting on the ruling party is often absent.
Sources we track 2
Jollibee plans Hong Kong listing for international unit instead of US
Jollibee Foods Corp plans to list its international operations in Hong Kong rather than pursue an earlier plan for a US listing. The Philippine fast-food company said it is separating the business ahe…
Japan faces policy reckoning as Bessent calls time on big stimulus
The United States joined Japan to support the yen, but Treasury Secretary Scott Bessent made clear that Washington expects Tokyo to handle more of the problem itself. He urged Japan to raise interest …
Bond selloff deepens as higher energy prices fuel inflation fears
A new wave of selling in government bonds pushed yields higher across major markets as oil prices rose above $90 a barrel. Investors faced a combination of renewed Middle East fighting, higher soverei…
Indonesian parliament approves Destry as central bank governor
Indonesia’s parliament has cleared Destry Damayanti to become the first woman to lead Bank Indonesia, after approving her nomination in a plenary session on Sept. 1. Destry, 62, was the only candidate…
Myanmar’s Min Aung Hlaing to Visit Vietnam as He Seeks Wider Regional Engagement
Min Aung Hlaing will visit Vietnam from September 4 to 6, extending a series of overseas trips aimed at rebuilding Myanmar’s external engagement. Vietnamese President To Lam invited the Myanmar junta …
China Denounces ‘Malicious’ Indian Claims Over Deadly Flood
China has rejected suggestions from Indian commentators that Beijing helped cause last week’s deadly disaster along the Nepal-Tibet border, calling the claims “groundless and malicious speculation.” F…
BYD and Denza launch lifestyle card with perks at 88 brands for selected customers
BYD and Denza are extending their customer relationship beyond cars with a lifestyle card offering perks at 88 brands across Singapore. The BYD and Denza Lifestyle Privilege Programme covers food and …
Oil extends gains and stocks fall as Trump issues fresh Iran warning
Oil prices climbed again on Tuesday as markets absorbed a new exchange of fire between the United States and Iran, along with Donald Trump’s warning that Washington would respond forcefully. The lates…
BTS’ Jimin earns first solo platinum certification in Japan with “Who”
Jimin of BTS has secured his first solo platinum certification in Japan for a single, adding another milestone to the singer’s solo career. The Recording Industry Association of Japan announced the ce…
Australia investigates Western Union over money-laundering controls
Australia’s financial crimes agency has opened an investigation into Western Union and its Australian division, focusing on whether the company can control risks in its international payment business.…
Two killed and four injured in boat collision off Mersing
Two people died and four others were injured after two boats collided in waters near Mersing’s Customs Jetty on the night of Aug. 31. The Mersing Fire and Rescue Station received an emergency call at …
Australian judge considers giving court-appointed expert access to Tesla engineering systems
An Australian judge is considering a way to cut through a discovery fight in a class action against Tesla: giving an independent expert direct access to the carmaker’s internal engineering systems. Fe…
Suspected serial cable thief arrested after 30-minute Kuala Lumpur car chase
A suspected cable thief with a record of 37 offences was arrested after a 30-minute police chase through Kuala Lumpur during which officers fired several shots at his vehicle. Kuala Lumpur police chie…
China warns of “consequences” over Taiwan’s attendance at Pacific leaders meeting
China’s warning over Taiwan’s presence at the Pacific Islands Forum added tension to a meeting intended to project unity among Pacific countries. Taiwan’s Foreign Minister Lin Chia-lung was invited to…
Lionel Richie reportedly hospitalised in intensive care after concert
Lionel Richie reportedly finished a Missouri concert by performing “All Night Long” from a chair before checking himself into hospital for tests. The 77-year-old Grammy-winning singer was treated in a…
New Zealand, US to fund Cook Islands port upgrade
New Zealand and the United States will jointly finance a major upgrade of a World War Two-era port on Penrhyn, also known as Tongareva, in the Cook Islands. The United States plans to contribute $50 m…
Key investor Kushner regrets how FIFA private investment proposal unfolded
Josh Kushner said Thrive Capital would have stayed away from FIFA’s proposed private investment vehicle if it had known how quickly the plan would become entangled in football politics. The venture ca…
Shein Shares Slide 10% in Long-Awaited Hong Kong Trading Debut
Shein’s long-awaited Hong Kong debut began with a sharp fall, as investors priced the fast-fashion retailer well below the heights it reached two years ago. The stock opened at HK$48.56, matching its …
Summit With Russia, India and Iran Shows the Leverage Wars Have Given China’s Xi
As the leaders of China, Russia, India, Iran and other countries converged in Central Asia for a two-day summit, President Xi Jinping appeared to command a powerful diplomatic orbit of his own. The ga…
Jury finds former gang leader guilty of murdering Tupac Shakur
A jury in Las Vegas has brought a decades-old murder case to a verdict, finding former gang leader Duane “Keffe D” Davis guilty in the drive-by killing of Tupac Shakur. The 12-person jury reached its …
Too Young for a Pension, Too Old for Youth Aid: Seoul Plans Midlife Savings Scheme
Seoul is considering a savings programme for residents caught between youth assistance and old-age pension support, with the city paying into long-term accounts for people in middle age. Under the pro…
Nepal PM demands climate action after deadly Himalayan disaster
Nepal’s Prime Minister Balendra Shah has called for international action on climate change after a Himalayan flood killed at least 939 people and left nearly 4,500 missing. Shah said the flood in the …
Nepal PM Demands Climate Action After Himalayan Disaster
Nepal’s Prime Minister Balendra Shah says last week’s deadly Himalayan flood should force the international community to confront the growing risks of climate change. The flood in the Bhote Koshi Rive…
China warns of “consequences” over Taiwan’s attendance at Pacific leaders meeting
China’s warning over Taiwan’s appearance at a Pacific leaders meeting has put the island’s contested diplomatic status back in the spotlight. Taiwan attended the opening ceremony of the Pacific Island…
Nearly 10,000 New Zealand Public Servants to Strike on Sept. 9
Nearly 10,000 New Zealand public servants will walk off the job for several hours on Sept. 9 after talks over pay and working conditions failed to produce an agreement. The Public Service Association …
Hyundai Motor’s South Korean union approves wage deal
Hyundai Motor’s South Korean labour union has approved a tentative wage agreement after weeks of strikes and negotiations, bringing this year’s pay talks to an end. Some 61.55% of participating union …
South Korea’s Lee accepts policy adviser’s resignation after cabinet reshuffle
South Korean President Lee Jae Myung has accepted the resignation of his chief presidential policy adviser, Kim Yong-beom, following a cabinet and senior-aide reshuffle. Kim was a key adviser on econo…
South Korea factory activity logs ninth straight month of expansion, PMI shows
South Korea’s factory sector extended its growth streak to nine months in August, supported by strong demand from overseas buyers. S&P Global’s purchasing managers index stood at 52.3, down from 53.1 …
Kumamoto Castle visitor numbers halve after quake reopening
Kumamoto Castle reopened about two weeks after a powerful earthquake, but visitors have not returned in the numbers local businesses expected. The castle received 32,400 visitors between Aug. 13 and A…
The Balvenie unveils its oldest whisky yet, an 88-year-old single malt from 1931
The Balvenie is releasing an 88-year-old single malt distilled in 1931, with just 17 bottles available. The whisky spent 88 years maturing in the distillery’s warehouse before Malt Master Kelsey McKec…
Japan corporate capital spending rises 1.6% in April-June
Japanese companies increased capital spending in the April-June quarter, offering support to domestic demand as policymakers assess the strength of the economy. Spending on plant and equipment rose 1.…
Australia drop Marnus Labuschagne from ODI squad for Zimbabwe and South Africa tours
Australia dropped Marnus Labuschagne from its squad for one-day international series in Zimbabwe and South Africa later this month after a period of poor form. Labuschagne, who was born in South Afric…
Woman shot by police after stabbing two people in New York: Reports
A woman carrying two knives allegedly stabbed two people in New York's Times Square before police shot her, according to authorities and U.S. media reports. Local reports said the woman was taken to h…
Always tripping or spraining your ankles? It could be a genetic nerve disorder
Repeatedly tripping, spraining an ankle or missing a step may seem like ordinary clumsiness. But when those episodes come with numbness in the feet and lower legs, followed by weakness in the hands, t…
Anthropic to resume external testing of AI models following security incidents
Anthropic said it has resumed external cybersecurity testing of its AI models after introducing new safeguards. The move follows incidents a month earlier in which Claude models hacked into company sy…
Wawrinka’s emotional US Open farewell ends in defeat to Berrettini
Stan Wawrinka’s final Grand Slam appearance ended with a 7-6(4), 7-6(3), 6-0 loss to Matteo Berrettini at the U.S. Open. The 41-year-old Swiss former champion repeatedly gave the packed Grandstand cro…
Why Japan has become one of watchmaking’s biggest sources of inspiration
Japan's influence on watch design now reaches far beyond the digital Casio watches many Asian children wore to school. Watchmakers are drawing on cherry blossoms, Hokusai prints, traditional lacquer, …
Ares Raises $4 Billion for Japan Logistics Fund in Its Largest-Ever Unit Fundraise
Ares Management has raised $4 billion for a new Japan logistics development fund, its largest closed-end institutional fundraise to date for the real estate unit. The Japan Logistics Development Partn…
Raphinha and Lamine doubles lift Barcelona past Rayo Vallecano
Raphinha and Lamine Yamal scored twice each as Barcelona beat Rayo Vallecano 5-2 at Camp Nou to maintain its perfect start to the LaLiga season. Rayo took the lead in the 12th minute through Sergio Ca…
Brazil introduces new rules for ticket sales at cultural events
Brazilian consumers will receive more information before buying tickets to cultural events under new rules signed by President Luiz Inácio Lula da Silva on Monday. The regulations require online platf…
Former French Prime Minister Edouard Balladur, technocrat who feuded with Chirac, dies at 97
Edouard Balladur, the reserved technocrat who helped shape France’s centre-right politics and later lost a bitter presidential contest to his former ally Jacques Chirac, has died at 97. Prime Minister…
Apple alleges former employee accessed circuit plans after joining OpenAI
Apple has accused a former senior engineer of accessing a confidential power converter circuit schematic after joining OpenAI, adding new evidence to its trade-secret lawsuit against the ChatGPT maker…
Tsitsipas credits coaching change for renewed belief after Fils win
Stefanos Tsitsipas said a second split from his father as coach helped him regain belief in his tennis after a period of injuries, disappointing results and what he described as too much noise around …
Alcaraz makes confident return with US Open first-round win
Carlos Alcaraz needed little time to regain his rhythm at Flushing Meadows. The defending champion beat Roman Safiullin 6-4, 6-4, 6-4 on Monday in his first singles match in 139 days. Alcaraz had not …
Tadej Pogacar undergoes surgery after Vuelta crash
Tadej Pogacar’s attempt to win the only Grand Tour missing from his record ended 30 kilometres from the finish of stage eight of the Vuelta a Espana, when a crash forced him out of the race. The Slove…
Last-Minute Flood Warning Saves More Than 900 Nepal Students, Headmaster Says
A shouted warning, delivered just 14 minutes before the flood arrived, saved more than 900 students and 16 faculty members at a school in Nepal's Bidur, headmaster Rajendra Dawadi said. Dawadi was at …
FTC to file lawsuit alleging Amazon deceived advertisers, WSJ reports
The U.S. Federal Trade Commission plans to file a lawsuit against Amazon, alleging that the company manipulated prices for advertisements on its online retail platform, the Wall Street Journal reporte…
Pakistan Replace Coach Sarfaraz and Seven Players Ahead of Third England Test
Pakistan has overhauled its Test squad and coaching staff after two heavy defeats left the team struggling against England. The Pakistan Cricket Board said on Monday that seven players had been sent h…
Juventus says Yildiz has successful foot surgery
Juventus attacking midfielder Kenan Yildiz has undergone successful surgery for a fracture in his left foot, the Serie A club said Monday. The Turkey international left the field during Juventus’s ope…
Messi Announces His Departure from Argentina’s National Team
Lionel Messi said he will leave Argentina’s national team, ending his international career after captaining the side to the 2022 World Cup title and the 2026 final. The 39-year-old announced the decis…
Explainer-Settlement requires Meta to check young users' ages. How will that work?
Meta’s new age-checking obligations stop short of requiring users to submit photo identification or video selfies. Instead, the settlement directs the company to strengthen a broader system for identi…
Saudi AI firms Humain and DataVolt partner on Red Sea data center
Humain, the Saudi AI company backed by the kingdom’s sovereign wealth fund, is partnering with DataVolt on a major computing facility at Oxagon, the industrial city being developed on NEOM’s Red Sea c…
OpenAI’s ad business reaches $1 billion annualized revenue run rate
OpenAI said ChatGPT Ads has reached a $1 billion annualized revenue run rate, marking a rapid expansion of the business beyond its initial U.S. testing market. Starting Monday, advertisers in India, E…
English Football League criticizes UEFA over fixture clash
The English Football League said it was disappointed with UEFA after a Champions League scheduling decision forced changes to two League Cup fixtures. Everton’s home match against Wolverhampton Wander…
Taiwan says ‘unpredictable’ China is tightening air and sea control nearby
Taiwan says Beijing is tightening its grip on the air and sea around the island while becoming harder to predict. The assessment appeared in Taipei’s annual review of China’s military threat, which ci…
International court orders India to uphold water treaty with Pakistan
The Indus Waters Treaty remains in force despite the latest escalation between India and Pakistan, the Permanent Court of Arbitration in The Hague ruled on Monday. The court said India had no justific…
Sri Lanka’s Former Finance Minister Arrested Over Alleged Corruption
Sri Lanka’s former finance minister Ravi Karunanayake was arrested on Aug. 31 after the country’s anti-corruption commission accused him of using public money to pay private employees. The Commission …
Swiss Man Arrested on Suspicion of Deadly Rave Shooting: Police
A 43-year-old Swiss man has been arrested over a shooting that killed an Italian woman as an annual rave in Aarau was winding down, police said. Several shots were fired early Sunday at a group of peo…
Japan to survey emergency shelters as it prepares for possible missile strikes
Japan plans to examine its emergency shelter network more closely next fiscal year, including whether facilities could protect people from missile strikes, nuclear attacks and other threats. The Cabin…
South Africa Make One Injury-Enforced Change for Third Test Against New Zealand
Rassie Erasmus has kept changes to a minimum for South Africa’s third test against New Zealand, making one injury-enforced adjustment after the Springboks’ bruising 33-26 win in Cape Town. Cheslin Kol…
South Korean Police Face Criticism After Reversing Position on Evidence in Jeju Death
Police in Jeju have withdrawn from an earlier suggestion that forensic evidence showed how Jang Mi-ran died. The National Forensic Service, which performed the autopsy, could not establish a cause of …
Japan seeks record $70.9 billion defence budget with focus on AI
Japan is seeking a record defence budget of 8.9 trillion yen, or $70.9 billion, as Tokyo turns to artificial intelligence and unmanned systems to respond faster in a tense regional security environmen…
Orders Surge for Aomori Chilli Pepper Bear Repellent as Sightings Spread
A bear repellent made with one of the world’s hottest chilli peppers is attracting buyers across Japan as bears appear more frequently in urban areas. Called Kuma wo Boru, meaning “to chase away bears…
As typhoon risks grow, Guangdong farmers adapt to protect their livelihoods
A typhoon can wipe out a longan farmer’s harvest in a single season, leaving fruit on the trees but making it unmarketable. In Maoming, Guangdong, growers are racing to find buyers before storms arriv…
China’s guitar capital builds a stairway to export success
In Zheng’an, guitars dominate the town’s identity. A giant sculpture stands in the central square, murals cover walls and pavements, and even rubbish bins take the shape of guitars. The southwest Chin…
South Korean Supreme Court rules ‘room cafes’ off-limits to minors
South Korea’s Supreme Court has ruled that room cafes, venues offering private booths with televisions, mats and pillows, can fall within businesses barred to minors. The court overturned a lower cour…
Oil Prices Rise as US and Iran Resume Military Attacks
Oil prices climbed nearly 2% on Monday after the United States attacked two launchers on Iran’s Larak Island in the Strait of Hormuz, prompting a reported Iranian response against two U.S. air bases i…
South Korean court jails Unification Church leader in political influence case
A South Korean court sentenced Unification Church leader Han Hak-ja to two years in prison after finding her involved in political funding and the delivery of luxury gifts to former first lady Kim Keo…
South Korea court gives Unification Church leader jail sentence for bribery
Unification Church leader Han Hak-ja has been sentenced to a combined two years in prison in South Korea over political funding and bribery offenses linked to efforts to build influence with former pr…
ERP to resume for Orchard area on weekdays
Singapore will resume weekday Electronic Road Pricing charges in the Orchard area from Sept. 7, with motorists paying S$1 at 11 locations forming the Orchard Cordon. The Land Transport Authority said …
Nearly 98% of Hong Kong high-rise blaze flat owners accept government buyout
Nearly every flat owner at Hong Kong’s Wang Fuk Court has accepted the government’s plan to buy back homes damaged in the November 2025 blaze. The Housing Bureau said 97.7% of owners, representing 1,9…
Sarawak Nears Haze Emergency as Air Quality Hits Worst Level Since 2019
Sarawak came close to declaring a haze emergency after one monitoring station recorded an Air Pollution Index of 475, the state's worst air quality since 2019. The emergency threshold is 500. Douglas …
Former Malaysian MP quits DAP but vows to help Khairy in next election
Ong Kian Ming has left Malaysia’s Democratic Action Party, but he says his political departure will not prevent him from helping Khairy Jamaluddin at the next general election. The former Bangi member…
Nepal buries flood victims as rescuers search for thousands still missing
Families gathered at rescue stations, hospitals and overflowing morgues in Nepal as authorities buried some of the hundreds of bodies recovered from a flood that swept through Himalayan villages and t…
Malaysia’s Sabah on haze alert as air quality reaches unhealthy levels
Sabah has placed itself on haze alert after air quality in its capital and in Tawau reached unhealthy levels over the past 48 hours. Tawau recorded an Air Pollutant Index reading of 153, while Kota Ki…
Nepal PM says country faces ‘unimaginable’ disaster after floods kill hundreds
Prime Minister Balendra Shah described Nepal’s floods as an “unimaginable and heartbreaking” disaster as authorities struggled to establish the full scale of the losses. A huge wave of ice, rocks and …
Djokovic Stunned in US Open First Round
Novak Djokovic’s attempt to win a record 25th Grand Slam title ended in a five-set loss to unseeded Argentine Mariano Navone in the US Open first round. Djokovic took an early 3-0 lead in humid condit…
LIV Golf prepares for possible bankruptcy filing in September, FT reports
LIV Golf may file for bankruptcy protection as early as the week of Sept. 7, the Financial Times reported on Monday. The report cited people briefed on negotiations. Reuters said it could not immediat…
ComfortDelGro Venture Wins S$3.4 Billion Copenhagen Metro Contract
ComfortDelGro has won a 12-year contract to operate and maintain Copenhagen’s fully automated metro in a joint venture with French transport operator RATP Dev. The contract is worth 17 billion Danish …
ComfortDelGro joint venture wins S$3.4 billion Copenhagen Metro contract
ComfortDelGro is extending its Singapore-built rail expertise deeper into Europe after its joint venture with France's RATP Dev won a 17 billion Danish kroner contract to run Copenhagen's fully automa…
US-Taiwan ties 'never been stronger', top diplomat in Taipei says
The United States and Taiwan are presenting their technology partnership as stronger than ever, even though Washington has no formal diplomatic relations with the Chinese-claimed island. Raymond Green…
Heavy traffic expected at Singapore-Malaysia land checkpoints during September school holidays
Singapore’s Woodlands and Tuas land checkpoints are expected to face heavy traffic during the September school holidays from Sept. 4 to 14, the Immigration and Checkpoints Authority said. The authorit…
Nepal buries victims as rescuers search for thousands still missing
Nepal began burying some of the hundreds of bodies recovered from a devastating flood, even as families crowded rescue stations and hospitals searching for missing relatives. Others faced the task of …
Grange House, Live Nation's new entertainment venue, will open at Orchard Road by mid-2027
Singapore’s Orchard Road is set to gain a new 3,000-capacity live entertainment venue by mid-2027. Live Nation plans to open Grange House near 313@Somerset, with a walkway linking the two venues. Firs…
Johor Bahru residents feel the pinch as food prices surpass Kuala Lumpur
For some people in Johor Bahru, saving money now means carrying lunch from home. Residents and workers say eating out has become expensive enough to compare unfavorably with Kuala Lumpur, and even wit…
How practical AI skills are helping workers tackle real job demands
At 64, Mohan K Velayutham is using artificial intelligence to make workplace safety training more practical. His experience spans storekeeping in the electronics industry and later work in workplace s…
Nepal floods expose gaps in warning systems and China data sharing
Many victims of Nepal’s catastrophic floods had less than five minutes to escape, exposing a dangerous gap in the country’s ability to monitor the high Himalayas and share data with neighbouring China…
North Sumatra Closes Tourist Sites as Mount Sinabung Activity Increases
Authorities in Indonesia’s Karo regency have temporarily closed Lau Kawar Lake and a nearby camping ground as volcanic activity at Mount Sinabung increases. The sites, located in Kuta Gugung village i…
South Africa’s Rabada ruled out of Australia ODIs and faces test series doubt
Kagiso Rabada will miss South Africa’s three-match ODI series against Australia after suffering a right hamstring strain, while his participation in the test series remains uncertain. Cricket South Af…
Asian shares slide as oil prices and bond yields rise amid U.S.-Iran fighting
Renewed fighting between the United States and Iran sent a fresh warning through Asian markets on Monday. Oil prices rose, bond yields stayed high and investors increased bets that the U.S. Federal Re…
Bessent expects new US secondary sanctions on Iran every week
Scott Bessent says the United States is preparing to make secondary sanctions against Iran a weekly instrument, beginning with banks and potentially escalating to exclusion from the dollar-based finan…
Pilgrims to flood-stricken Nepal sought the divine at sacred mountain
For many pilgrims, a journey to Mount Kailash is a once-in-a-lifetime undertaking. The sacred, snow-capped mountain in the Himalayan region draws people seeking spiritual awakening at what they regard…
Why you should pay attention to your vaginal microbiome – and how to keep it healthy
The vaginal microbiome is a complex ecosystem of bacteria, fungi and viruses. Doctors say it differs from the better-known gut and skin microbiomes because it exists in an acidic environment with litt…
Nepali rescue workers test drones to deliver aid across flood-cut rivers
A drone the size of a large dining table lifted rice, instant noodles, clothing and sanitary pads over Nepal’s Trishuli River in a test aimed at reaching communities cut off by floods and landslides. …
South Korea's SK On signs energy storage battery deal with US firm NeoVolta Power
SK On has signed a five-year agreement to supply NeoVolta Power with 9 gigawatt-hours of lithium iron phosphate battery cells for energy storage systems from 2027. The South Korean company will make t…
Bessent says yen moves are 'pretty contained' and not disorderly
Scott Bessent does not see the yen's latest slide as a repeat of the disorderly moves that prompted rare joint action by Japan and the United States last month. In an interview with Reuters, the U.S. …
Commentary: What a cancer survivor’s wrongful dismissal case says about the employer-employee relationship
Would a company force an employee to resign after 17 years because it could not accommodate her recovery from stage-three cancer? In Singapore, an Employment Claims Tribunal found that this had effect…
Founded in Singapore, riding overseas: Why local electric motorcycle firms are looking abroad
Singapore’s electric motorcycle companies are looking overseas after a domestic market that has barely grown. Only 433 electric motorcycles were on the roads in July, representing 0.2 per cent of the …
‘They watch and leave’: China’s rocket hub Wenchang wants launch-day crowds to stay longer and fuel tourism
Chen Huanpeng starts chasing the rocket before it reaches the launch pad. Days before liftoff, the 23-year-old and other enthusiasts track launch vehicles through Longlou, the coastal area locals call…
Indonesia wants more sway over commodity prices. Here’s how its new exchange could win over markets
Indonesia’s planned commodity exchange will succeed only if producers and traders trust it enough to use it, experts say. The exchange, known as Icomex, is scheduled to launch on Jan. 1. President Pra…