Spike in Singapore’s non-oil exports in May

Both electronic and non-electronic re-exports rose. Total trade rose over the year in May, supported by both export and import growth. Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to ... ( read original story ...)

U.S. oil slumps as China threatens duty on U.S. crude imports

SINGAPORE (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 were at $63.84 a barrel, down $1.22 ... ( read original story ...)

Singapore private home prices may surge 20% this year: Savills

Property consultancy Savills reckons that private home prices here may rise 15 to 20 percent for the whole of 2018 – up from its previous forecast of between 12 and 15 percent, reported Singapore Business Review. It raised its estimates after 22 units ... ( read original story ...)

Nirav Modi sought Singapore residency

MUMBAI: Diamond merchant Nirav Modi wanted to obtain the status of Singapore Permanent Resident (SPR) after he decided to flee India and had submitted an application for the same with the Singapore authority. However, he was unable to get SPR status as CBI ... ( read original story ...)

Plot to import 300kg of cocaine busted

A plot to import 300kg of South American cocaine into Australia has been thwarted. Two men were arrested after raids in Sydney for allegedly conspiring to bring the drugs into Australia from Peru via Singapore and Papua New Guinea. They are expected to be ... ( read original story ...)

Import duty for steel, iron products increase to 35pc

Unfair competition in the textile sub-sector through importation of footwear and second hand clothes has led to an increase in import duty of 5 dollars per unit or 35% whichever is higher. Also Read Singapore Trade and Investment office opens in Kenya ... ( read original story ...)

Donald Trump slaps 25% tariffs on US$50B in Chinese imports

Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico and European allies ... in his press conference in Singapore on Tuesday, said the U.S. has a “tremendous deficit in trade with China and we have to do something about ... ( read original story ...)

Singapore May export growth seen slowing to 4.7 percent

SINGAPORE (Reuters) - Singapore's non-oil domestic export growth likely dropped sharply in May as demand for electronics and pharmaceuticals cooled, a Reuters survey of economists showed on Friday. Exports in May were expected to have risen 4.7 percent ... ( read original story ...)

Catfish skin: a promising export

In Singapore it is made into a snack and sold at VNĐ136,000 ($6) for a small pack of 230g. The company exports 50 -60 tonnes a month and plans to expand both the production of catfish and export of skin. It will also carry out research on demand in ... ( read original story ...)

Nigeria’s Oil Exports May Drop To 1.43million Bpd

Nigerian oil export plans are prone to revisions and delays, with cargoes frequently pushed from one month to the next. Meanwhile, oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North ... ( read original story ...)