SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. CapitaLand's stake in CapitaMalls Asia crosses 90 per cent. Accordingly, CMA will be suspended from trading on the Singapore Exchange and Hong Kong Stock Exchange once CapitaLand's offer for the company closes, it said.

2. China probe may affect GKE Corporation's business. The probe has allegedly halted shipments of aluminium and copper.

3. Philippine May inflation at 2-1/2-year high. Soaring food prices and utility costs bumped up inflation in the Philippines to 4.5 per cent from 4.1 per cent in April and 2.6 per cent a year earlier.