Export-led development strategies have been the dominant paradigm for economic growth throughout East and Southeast Asia. Only North Korea is today running a relatively closed economy. If Pyongyang can adopt an opening-up policy following the Singapore ... ( read original story ...)
‘Nirav Modi flees to Brussels, believed to be travelling on Singapore passport’
The diamond merchant, wanted in India's biggest-ever banking scam, is said to be travelling in and out of the UK freely, possibly on a Singapore passport, not an Indian one. On Monday, the CBI had requested Interpol for a red corner notice + against Nirav ... ( read original story ...)
Two fined in separate cases of possession of illegal wildlife, illegal import of bird
The seized animals were placed under the care of Wildlife Reserves Singapore. In a separate incident, a 23-year-old man was fined $5,000 for illegally importing a live bird into Singapore. Lim Ke Yi had hidden the white-rumped shama in a potato chip tube ... ( read original story ...)
China imports to underpin Asia toluene market in H2 2018
SINGAPORE (ICIS)--Asia’s toluene market direction in the ... marked the end of three weeks’ worth of stable-to-firm price trend. This followed weaker import demand from China for July, which mainly stemmed from the ending of traders replenishing ... ( read original story ...)
Donald Trump Accuses India of Charging 100 Per Cent Import Tariff, Threatens to Cut Trade Ties
Trump has repeatedly raked up the issue of India imposing high import duty on the iconic Harley-Davidson motorcycles ... if we have to do it,” Trump warned before leaving Canada for Singapore where he is scheduled to hold a much publicised summit with ... ( read original story ...)
Kenya, Singapore ink deal to cut taxes, boost investments
Trade between the two states has nosedived in the last five years with Kenya’s annual imports falling from Sh19.4 billion in 2013 to Sh5.8 billion last year and exports dropping from Sh1.8 billion to Sh375 million. Kenya and Singapore have signed pacts ... ( read original story ...)
Chart of the Day: Weak outputs and imports weighed on manufacturing output in May
This chart from OCBC Treasury Research showed that Singapore’s manufacturing purchasing managers index (PMI) in May was pulled down six out of eight indicators, led by a lower output (-0.4) and imports (-0.4). Overall, PMI declined 0.2 points but still ... ( read original story ...)
Singapore not most expensive city after considering taxes
Singapore may be ranked the most expensive city to live in by the Economist Intelligence Unit (EIU), but a different ranking shows that this is hardly the case after accounting for personal income tax rates. Instead, Singapore comes in 11th in the latest ... ( read original story ...)
Government may ease import norms for high-end electric vehicles, cars, bikes – Report
Sources said that the government will henceforth allow the import of vehicles, which are certified by internationally-accepted test agencies such as those in Europe, Singapore and some other countries. Current norms fixed by the Directorate General of ... ( read original story ...)
Food safety at Trump-Kim Summit is responsibility of Singapore’s AVA
Singapore is known for food safety thanks to AVA. It’s achieved a good reputation even though Singapore must import over 90 percent of the food it consumes because the city-state has little farmland of its own and limited fishing grounds. The city ... ( read original story ...)
15 New Small Business Opportunities in Singapore
Singapore is such a country whose market economy is greatly developed. It is traditionally based on prolonged entrepôt trade. The country is considered to be one of the unique Four Asian Tigers. The economy of Singapore is also known as the most ... ( read original story ...)
Singapore preps for Trump-Kim summit with fresh paint and arrests
said he was looking forward to a day when he would be able to do business in North Korea, which he has visited three times. “We’re excited that [Kim] chose Singapore,” he said. “A peace agreement is possible with [his] wise leadership.” ( read original story ...)
S. Korean journalists arrested in trespass case in Singapore
Singapore police said Friday they arrested two South Korean journalists while investigating a report of trespassing in the residence of the North Korean ambassador. The statement posted on the police Facebook page said the two men represented the Korean ... ( read original story ...)
Singapore GDP growth risks slowdown to 3% over weaker exports
There is softer import demand from China. Singapore's GDP growth is expected to slow down from 3.6% in 2017 to 3% in 2018 as export growth moderates from 2017's strong acceleration, The Institute of Chartered Accountants in England and Wales (ICAEW) said. ( read original story ...)
Singapore, India trade pact review: tariff cuts, flexible rules of origin announced under CECA
Bilateral trade between Singapore and India has been improving steadily over the years, growing from over US$6.15 billion in 2005 to US$13.41 in 2015. In 2016-17, total trade reached US$16.7 billion after registering a 24 percent increase in exports ... ( read original story ...)
Govt may ease import norms for high-end e-vehicles, cars, bikes
Sources said that the government will henceforth allow the import of vehicles, which are certified by internationally-accepted test agencies such as those in Europe, Singapore and some other countries. Current norms fixed by the Directorate General of ... ( read original story ...)