Over its sixty-seven-year history, officially, the People’s Republic of China looked up to foreign countries as inspiration only twice. In the early 1950s the Soviet Union guided the Communist Party of China. Yet by 1969 the two countries nearly went to ... ( read original story ...)
Analysts mull outcome as Singapore's Ezra holdings seeks shelter from creditors
It also owes about $108 million to a Singapore affiliate of HSBC, according to a Reuters report. "Our exposures to Ezra Holdings were moved to non-performing in the third quarter, and suitable provisions have been made," DBS said in a statement to CNBC. ( read original story ...)
Singapore Morning News For March 20
Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. Ezra Files for U.S. Bankruptcy as Marine Debt Crunch Spreads Ezra Holdings Ltd., a Singapore ... ( read original story ...)
Singapore not importing rotten meat from Brazil: AVA
SINGAPORE: The Republic of Singapore is not affected by the rotten meat scandal that has hit world’s biggest exporter of meat and poultry, the Agri-Food and Veterinary Authority of Singapore (AVA) said on Monday (March 20), reassuring consumers that ... ( read original story ...)
Singapore investors still on long-term 'sell' on Wall Street
Singapore-based investors capitalised on a 4 per cent rise in the S&P 500 and a 9 per cent gain for the Dow Jones Industrial Average in 2016's fourth quarter by selling into strength - the latest US Treasury data showed them disposing of a net US$972 ... ( read original story ...)
Singapore's economy-tier hotels suffer 5.4% drop in RevPAR
The Singapore Tourism Board categorises hotels into four tiers based on a combination of factors that include average room rates, location, and product characteristics: Luxury, Upscale, Mid-tier, and Economy, according to OCBC. Looking at FY16 RevPAR ... ( read original story ...)
Singapore's hotel room supply to outstrip demand with 5.9% growth
Singapore may have bitten more than it can chew when it comes to tourist accommodations as total hotel room stock increased 4.3% in 2016, which was more than the 2.2% increase in visitor days, according to OCBC. On top of this, OCBC believes that a weak ... ( read original story ...)
Facebook Singapore’s country director on the tech industry and new jobs
Sandhya Devanathan left a banking career after 15 years to enter the tech industry. Having held top managerial roles in Standard Chartered Singapore and Citibank in the United States, she transited to Facebook Singapore in January 2016 and now runs the ... ( read original story ...)
Economists upgrade Singapore's 2017 growth forecast from 1.5% to 2.3%
Stronger than expected fourth quarter growth in Singapore driven by improved global demand led economists to upgrade their 2017 projections for the Southeast Asian city state, an official survey of forecasters showed Wednesday. The 23 economists surveyed ... ( read original story ...)
February exports exceed expectations
Singapore's export recovery has grown even stronger ... Healthier manufacturing growth could spill over into financial and business services this quarter as domestic business loan growth and regional financing start to increase. Electronics Nodx surged ... ( read original story ...)
Singapore's Ezra Holdings files for U.S. bankruptcy
Ezra is one of several Singapore offshore and marine services firms that have ... in low competitive charter rates compounded the financial difficulties of Ezra's business divisions," said Robin Chiu, the company's chief restructuring officer, in a court ... ( read original story ...)
The tech industry and new jobs: Facebook Singapore’s country director
It’s not a good-to-have, it’s a must-have if you want to build a sustainable business for the future,” she added. Singapore has very visible role models of women helming top positions and with its support systems in place, Singapore is actually more ... ( read original story ...)
Commentary: Can farming be a success story for Singapore?
First, are farmers able to adopt technology, and why or why not? The trouble is that agricultural technologies have not taken off in Singapore because of underlying business factors. High risks, lack of financing and limited farm tenures hold us back. ( read original story ...)
Growing demand for mobile payment services across Asia
mobile payments soared from the same base to 38.6 trillion yuan, a jump of more than 200 per cent, said Beijing-based BigData Research. China's embrace of fintech has put even Singapore to shame: 40 per cent of Chinese consumers are today using new payment ... ( read original story ...)
Make America Singapore
I HAVE been devoting this space to deliberately implausible ideas lately, and the time has come to turn to an issue that our politicians are actually debating: health care reform. Though “debating” might be a strong word, since the politicians I’m ... ( read original story ...)
Singapore February Non-Oil Export Growth Exceeds Expectations
SINGAPORE--Singapore's February exports rose faster than expected, as shipments of electronics and non-electronics goods rose. Exports of goods made in Singapore rose 21.5% in February compared with a year earlier, after rising 8.6% in January, trade ... ( read original story ...)