Singapore's residual fuel oil inventories fell 2% in the week to Aug. 12 as export volumes jumped to a near six-month high, official data showed on Thursday. ( read original story ...)
8 arrested for smuggling contraband cigarettes into Singapore on tugboat
Eight men were arrested for smuggling 3,490 cartons of contraband cigarettes into Singapore on a tugboat, said the Singapore Police ... ( read original story ...)
Shell to Shut Down Philippine Refinery and Turn It into Import Terminal
The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country's two oil refineries, ... ( read original story ...)
Ships carrying ammonium nitrate to Singapore, port storage facilities inspected as part of regulations: MPA
The dangers of the explosive material have been in the spotlight since the Beirut blast on Aug 4 which killed more than 170 people. ( read original story ...)
French insurer AXA weighs sale of S’pore business to raise cash
AXA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.. Read more at straitstimes.com. ( read original story ...)
Asian Insider, August 11: Singapore will not return to pre-Covid-19 world, US to label Hong Kong goods as ‘Made in China’
Singapore to chart new path now says Trade Minister Chan Chun Sing, US to label imports from Hong Kong as ‘Made in China’ in a blow to the Asian financial hub, global coronavirus tally crosses 20 ... ( read original story ...)
Singapore marks World Elephant Day with ivory crush and new forensics centre
Singapore today crushed ivory from its largest ever seizure and more to signal its commitment to combating the illicit ivory ... ( read original story ...)
Singapore’s Incomlend Raises $20 Mn In Series A To Expand Its Market
Singapore-based Incomlend, an online invoice trading platform, on Tuesday announced it has raised $20 million funds in Series A round led by Sequoia India. The CMA CGM Group, a player in shipping and ... ( read original story ...)
Singapore non-oil exports now seen growing 3-5% in 2020, with ‘worse-case scenario for world trade unlikely’
Singapore's total merchandise trade decreased by 15.2 per cent in the second quarter of 2020 compared to a year ago, with declines in both oil and non-oil trade.. Read more at straitstimes.com. ( read original story ...)
The Big Read: Kept afloat by government lifelines, will ‘zombie companies’ haunt Singapore?
Several businesses have managed to hold on thus far due to various government help schemes, but may have to make the heart-wrenching decision to ... ( read original story ...)
Atma Nirbhar push: Centre plans to restrict import of ‘non-essentials’ in these segments
In fact, after Singapore and Hong Kong, Vietnam has emerged as the third Asian trade partner, which counts on massive Chinese investments, to turn its usual trade deficit with India into a decent ... ( read original story ...)
Singapore will not return to pre-COVID 19 world, must chart a new path now, says minister
Covid 19 world, and must chart a new path by building a new economy now, said Trade and Industry Minister Chan Chun Sing. At a press conference ... ( read original story ...)
Singapore’s exports down 15.2% in Q2 2020, forecasts adjusted upwards
Total merchandise trade in Singapore declined by 15.2 per cent in the second quarter of 2020, following a slight growth of 0.5 per cent ... ( read original story ...)
Insurer Axa weighs sale of Singapore business to raise cash
Axa is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.. Read more at straitstimes.com. ( read original story ...)
Singapore’s economy sank more than expected in Q2
Singapore's economy contracted faster in the second quarter than previously estimated amid continued fallout from Covid-19, revised data showed Tuesday. ( read original story ...)
French insurer Axa weighs sale of Singapore business to raise cash
Axa is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.. Read more at straitstimes.com. ( read original story ...)