Sales of domestic oil exports from Singapore were up year-on-year while the volume of domestic oil exports fell, trade figures show. In volume terms, May saw a 9% drop in domestic oil exports compared to 12 months' ago. Total trade was up by 10% over the ... ( read original story ...)
Textile, garment export markets grow
Of this, the exports to Japan saw the highest increase at 22.6 per cent, reaching $1.39 million. The exports to Singapore rose by 22 per cent to $39.16 million, to Canada by 17.4 per cent, reaching $230.29 million and to Australia by 16 per cent ... ( read original story ...)
Singapore’s advertising economy set to become the only Asia Pacific market to shrink in 2018
Singapore’s advertising economy is expected to shrink by 2.2% in 2018, with export weakness, lethargic gross domestic product, US and EU policy uncertainty all contributing to weak consumer confidence, tight credit and slowdowns in spend. The city-state ... ( read original story ...)
China to reduce U.S. oil imports post-September amid trade spat: sources
SINGAPORE/BEIJING (Reuters) - Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world’s two largest economies, multiple ... ( read original story ...)
Singapore Business Review unveils winners of the Business Case Studies Awards 2018
The winners presented their exceptional case studies at an awards ceremony held at the Sheraton Towers on 21 June. Singapore Business Review paid tribute to outstanding business solution providers at Business Case Studies Awards 2018 held at the Sheraton ... ( read original story ...)
Man fined S$3,500 for importing a live tortoise
The animal is a protected species under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and a permit is required for any import, export and re-export of CITES-listed species in Singapore. The live tortoise ... ( read original story ...)
AVA Agri Food & Veterinary Authority of Singapor : Man fined $3,500 for illegal import of Greek Tortoise
20 June 2018: 40-year-old Ong Yi Chao was fined $3,500 by the court today for illegally importing a Greek Tortoise into Singapore. 2 On 9 February 2018, the Agri-Food & Veterinary Authority of Singapore (AVA) was alerted by the Immigration & Checkpoints ... ( read original story ...)
Singapore loses top spot to US in global ranking of digital competiveness
SINGAPORE – Singapore lost the top spot and dropped to second place in a digital competitiveness ranking of 63 economies, pipped by the United States in a move up from third place last year. In the ranking by Swiss business school IMD, Singapore topped ... ( read original story ...)
Singapore Telecommunications Limited’s Latest Full Year Earnings Update: What Happened With Its Consumer Business?
Singapore Telecommunications Limited (SGX: Z74) is Singapore’s largest operational telco, and it currently has three business segments: Group Consumer, Group Enterprise, and Group Digital Life. In mid-May, Singtel announced its full year earnings update ... ( read original story ...)
Singapore water treatment firm Hyflux gets 6-month reprieve from creditors
SINGAPORE: A Singapore court granted Singapore water treatment ... It applied to the country's high court in May to begin a reorganisation of its business. Trading in the company's shares have been suspended for the past month. "The court granted a six ... ( read original story ...)
Men in headlocks, exchange blows after S’pore driver hits Malaysian car at Customs
A trio of men were caught on video shouting at each other and exchanging blows in a dispute that happened along the Malaysia–Singapore Second Link. Stomper Jun Ye Wu posted a video of the incident in Stomp's public Facebook group on June 17. In his ... ( read original story ...)
Singapore M&A activity hit 4-year high at US$33.8b
Two large M&A deals breached the US$3b mark in H1. Overall Singapore merger and acquisition (M&A) activity jumped 19.1% to US$33.8b so far this year, reaching the highest first half period since 2014 at US$54.6b, Thomson Reuters revealed. According to data ... ( read original story ...)
Singapore export growth surges in May
Pharmaceutical shipments can be highly volatile but they did the trick last month, driving Singapore export growth to a seven-month high. Non-oil domestic exports jumped 15.5 per cent over the same month last year, easily trumping economist expectations of ... ( read original story ...)
Singapore Exports Surge
Singapore’s exports grew at a surprisingly robust pace in ... recently saying it would levy additional tariffs on as much as $50-billion worth of Chinese imports. Beijing has responded with similar measures on US products. Although many observers say ... ( read original story ...)
UPDATE 2-U.S. oil slumps as China threatens duty on U.S. crude imports
SINGAPORE, June 18 (Reuters) - U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. U.S. West Texas Intermediate (WTI) crude futures CLc1 touched their lowest level since ... ( read original story ...)
UPDATE 1-U.S. oil slumps as China threatens duty on U.S. crude imports
SINGAPORE, June 18 (Reuters) - U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel ... ( read original story ...)