Salim Group backs digital startup incubator

In May, Salim Group acquired a small Indonesian bank as part of a grand plan to develop digital ... Indonesia's Salim Group is partnering the National University of Singapore on the Jakarta hub of BLOCK71, its startup incubator network. ( read original story ...)

Goldman Optimistic About Crude Market Rebalancing

the investment bank noted. Data out of the US, Europe, Singapore and Japan point to overall inventory declines of 83 million barrels since March, according to Goldman's data. Robust demand in particular has sent spot prices outperforming two-year forward ... ( read original story ...)

Second-scale nuclear spin coherence time of ultracold

Research Laboratory of Electronics, Department of Physics, Massachusetts Institute of Technology, Cambridge, MA 02139, USA. 2 Center for Quantum Technologies, National University of Singapore, 3 Science Drive 2, Singapore 117543, Singapore. ( read original story ...)

Amazon Off to a Rocky Start In Southeast Asia

We are rapidly opening up new windows to ensure we can continue delighting customers in Singapore," it said in the statement ... toys and consumer electronics to name a few. The feature is part of its Prime membership that gives subscribers free shipping ... ( read original story ...)

Asian Stocks Slide as Technology Names Track U.S. Peers Lower

Singapore-based managing director and head of Asia research at Bank Julius Baer. "It’s a small correction for technology shares. They’ll probably bounce back because it’s not 2001 and they are not wildly overvalued." Samsung Electronics Co. was the b ... ( read original story ...)

Singapore unemployment rate eases in Q2

SINGAPORE: The uptrend seen since September 2016 was halted. The unemployment rate in Singapore moderated in the second quarter of the year, with the jobless rate amongst residents going down slightly from 3.2% to 3.1%. This is according to the preliminary ... ( read original story ...)

Global LNG prices lifted on demand from Japan and India

LONDON/SINGAPORE (Reuters) - Asian spot LNG prices extended gains with demand coming from India and Japan, while recent export disruptions from Peru left Royal Dutch Shell shopping for replacement supply. Higher prices triggered a supply-side response with ... ( read original story ...)

U.S. Coal Exports Soar, Revived in Part by New Energy Policy

Exports to Asia meanwhile, totaled 12.3 million tons ... off the Faroe Islands neighbouring the more mature UK North Sea… A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might ... ( read original story ...)

UK must address giant trade deficit, IMF warns

The current account deficit is made up of the trade deficit – as the UK imports more than it exports – combined with the balance ... demand and foster competition,” the IMF said. Singapore’s surplus of 19pc is the largest, followed by Thailand ... ( read original story ...)

Modern VLCC Rates Under Pressure

"W44.50 is a horrible rate," said the Singapore broker. Freight rates could bounce again ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. "The overall cut in Arabian Gulf ... ( read original story ...)

HNA Seeks More Banks for Delayed Singapore Trust IPO

HNA Commercial REIT is seeking to add arrangers to its planned Singapore initial public offering as Bank of America Corp. walks away from the deal, people with knowledge of the matter said. The property trust, backed by embattled Chinese conglomerate HNA ... ( read original story ...)