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Category: BUSINESS

Posted on 07/11/2022

Singapore Airlines first-half profit soar to $876 mn as world reopens

For the corresponding period a year ago, the airlines suffered a loss of SGD 602 mn for first half and a loss of SGD 345 mn for second quarter of its financial reporting period which starts in April ...

Posted on 06/11/2022

Southeast Asia is a case study in Russia’s declining prospects as an arms exporter.

Analysts say Russia’s performance in Ukraine, coupled with Western sanctions, is likely to hurt its ability to sell weapons abroad. Southeast Asia is a case in point.

Posted on 06/11/2022

Singapore vows to become crypto asset hub without cryptocurrency trading and speculations

Singapore wants to be a crypto asset hub but does not accept trading and speculations in cryptocurrencies, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), at the ...

Posted on 06/11/2022

The war could dent Russia’s prospects as an arms exporter.

Analysts say Russia’s performance in Ukraine, coupled with Western sanctions, is likely to hurt its ability to sell weapons abroad. Southeast Asia is a case in point.

Posted on 04/11/2022

Irish DPM Varadkar leads mission to Singapore FinTech Festival, looks at clean energy collaboration next

SINGAPORE: Ireland’s Deputy Prime Minister Leo Varadkar on Thursday (Nov 3) reaffirmed his country’s commitment to Singapore’s fintech scene and identified green energy as another sector in which both ...

Posted on 04/11/2022

Singapore’s businesses face high risk and lower resilience: Beazley

According to a recent Risk & Resilience research report from Beazley, Singapore business is more worried about risk and less resilient than its global ...

Posted on 04/11/2022

Singapore Retail Sales Growth Eases In September

Singapore's retail sales growth eased further in September, data from the Department of Statistics showed on Friday. Retail sales ...

Posted on 04/11/2022

U.S. crude oil exports to Asia poised to hit record high

An oil tanker waits in line in the ocean outside the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles HOUSTON/SINGAPORE (Reuters ...

Posted on 04/11/2022

Billionaire Ng Family’s Far East, Sekisui Submit Top Bid Of $226 Million For Singapore Condo Site

Far East and Sekisui plan to build two 27-story blocks of 330 units on the 10,395-square-meter site in the prime Bukit Timah residential encalve.

Posted on 04/11/2022

Business at Mediacorp actor Yao Wenlong’s JB eatery back to 80% of pre-Covid levels

Mediacorp actor Yao Wenlong, who owns pao fan speciality restaurant Sun Gourmet Kitchen (新煌亭), first opened the eatery in late 2019, months before the Covid-19 pandemic. Prior to the pandemic, the ...

Posted on 04/11/2022

Singapore launches expanded initiative for cross-border usage of digital currency

The Monetary Authority of Singapore has launched an expanded collaboration with international partners on cross-border foreign exchange settlement using wholesa ...

Posted on 04/11/2022

Singapore seafood prices edge higher after supply crunch caused by bad weather

The onset of bad weather in the region well ahead of the usual monsoon season has meant that some types of seafood, such as pomfret, prawns and red ...

Posted on 04/11/2022

Singapore suspends imports of live chicken broilers from two Malaysian farms

The Singapore Food Agency (SFA) has suspended imports of live chicken broilers from Meng Kee Poultry (M) Sdn Bhd and Sdian Hup Farming Sdn Bhd after detecting Salmonella enteritidis in samples from ...

Posted on 03/11/2022

Despite suspension of LNG import, govt decides to increase listed suppliers’ numbers

Singapore. However, it is not clear whether the government will withdraw suspension on import immediately or not. The government earlier suspended the import of LNG from international spot market in ...

Posted on 03/11/2022

PetroChina among new int’l firms for Bangladeshi LNG import

PetroChina is among the eight new international firms the Bangladeshi government has listed to purchase LNG (liquefied natural gas) from the spot market. The Bangladeshi government approved a proposal ...

Posted on 03/11/2022

Tokenised assets, stable coins central to Singapore’s crypto hub ambitions

Collaboration is key to achieving finance goals, says MAS’ Ravi Menon. Singapore touts a future as a crypto hub—not for cryptocurrency, but rather for the use and adoption of tokenised assets and ...

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