Subbarao cautions India on deficit, import duties

Singapore: Former RBI governor D Subbarao today cautioned against India's deficit challenge and said the country is no longer the sweet spot due to rising oil prices. He also said raising of import tariff in the Union Budget 2018-19 will hurt Make in India ... ( read original story ...)

Singapore carbon tax to land softly on gas

SINGAPORE: Singapore’s new carbon tax aims to reduce emissions from the country’s heaviest polluters, which include its predominantly gas-fired power generation fleet. However, gas demand is unlikely to be significantly affected because generators will ... ( read original story ...)

Govt to observe Singapore’s proposed digital business tax

SINGAPORE: The government will keep tabs on the proposed tax ... to impose GST on imported digital services in the near future, with the Royal Malaysian Customs Department currently working on the statutory amendments to enable the enforcement. ( read original story ...)

Singapore PPI Falls For Second Month

Singapore's producer prices declined for the second successive ... reversing a 0.8 rise in December. Data also revealed that import prices slid 0.3 percent yearly in January, following a 0.4 percent drop in the preceding month. Export prices dipped 2.3 ... ( read original story ...)

Sinopec plans to import more oil from U.S.

China Petroleum & Chemical Corp, China's largest oil refiner, is expected to import 10 million metric tons of crude oil from the United States this year, said the company, also known as Sinopec. Unipec Singapore Pte Ltd, a trading unit of Sinopec ... ( read original story ...)

US aluminium import tariffs short-term bullish – Report

A Singapore-based trader suggested that “It is hard to quantify ... US aluminium premiums will rise should the US impose import tariffs and quotas on aluminium and aluminium products, market observers agree. American Metal Market’s assessment of ... ( read original story ...)