External demand has remained stubbornly weak, with China, the euro zone and the United States — Singapore’s top three trading partners — importing less from the Republic. Amid fresh uncertainty around global trade sparked by US President-elect Donald ... ( read original story ...)
Singapore businesses urge Apec economies to resist protectionism
THE Singapore Business Federation (SBF) said on Thursday it supports the calls of the Apec Business Advisory Council (ABAC) to resist protectionism and inward-looking policies, as "open and inclusive global trading system can act as a catalyst for ... ( read original story ...)
Indonesia, Singapore sign banana exports contract
SINGAPORE: Indonesia’s biggest banana producer, Nusantara Tropical Farm, signed a memorandum of understanding with Benelux Flower and Food for its first Cavendish banana export to Singapore. The contract was signed during the Fruit Indonesia 2016 ... ( read original story ...)
Singapore exports slump in Q3, forecast for year downgraded
SINGAPORE: Exports in Singapore slumped in the third quarter, declining 5.4 per cent from the previous year, according to figures released by International Enterprise (IE) Singapore on Thursday (Nov 24). The contraction follows a 0.2 per cent decline in ... ( read original story ...)
Singapore downgrades 2016 GDP, exports f'casts after Q3 contraction
SINGAPORE, Nov 24 (Reuters) - Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the risk of a recession amid fresh uncertainty around global trade under U.S ... ( read original story ...)
Singapore Telco’s mobile revenue declines
SINGAPORE: Originally, there were three parties vying to be Singapore’s fourth telco, namely MyRepublic, TPG Telecom and airYotta. Last Wednesday, airYotta had to drop out from the race as it did not meet the Infocomm Media Development Authority’s ... ( read original story ...)
Defying disruption and embracing change in Singapore
With disruption highlighted as the defining challenge for Singapore's economy, small business owners can no longer rely on traditional brick-and-mortar stores for their survival. As technological change sweeps across many industries, what is key ... ( read original story ...)
Singapore draws largest share of IPO funds in S-E Asia
SINGAPORE: The Singapore Exchange (SGX) has topped its South-east Asian peers in attracting new listings so far this year, led by three large Reit listings. The market is likely to stay healthy next year with more property sector deals expected, analysts ... ( read original story ...)
Singapore's wealth fund chooses new boss to navigate weaker growth
GIC, the sovereign wealth fund of Singapore, has hired Lim Chow Kiat to be its new boss, overseeing $100bn in assets spanning 40 countries. Mr Lim is an old hand at the organisation, joining after he graduated from university in 1993 and most recently ... ( read original story ...)
Singapore’s trade balance records BND283.1m in Sept
SINGAPORE: For the month of September 2016 Brunei Darussalam’s trade balance was BND283.1 million. Total exports amounted to BND548.4 million while imports were valued at BND265.3 million. According to a press release, exports in mineral fuels recorded ... ( read original story ...)
Compliance specialists in demand amid tougher bank regulations
These PMETs already have experience and know the business. All we have to do is to take them through situations where compliance knowledge can be applied and they can be a quick build-up to the existing pool of compliance talents in Singapore,” she told ... ( read original story ...)
Bombardier Business Aircraft’s Singapore service centre receives Icons of Aviation Award
Bombardier Business Aircraft has announced its Singapore service centre has been recognized by the Asia Business Aviation Association (AsBAA) with the prestigious Icons of Aviation, Best Maintenance Repair Organization Award. The Icons of Aviation Awards ... ( read original story ...)
Singapore's central bank says want more rated bonds
SINGAPORE - Singapore's central bank said on Thursday it wants more bonds to be rated and would consider ways to offset the cost of ratings for existing issuers. The comments came amid a rout in Singapore's largely unrated offshore oil and gas bonds where ... ( read original story ...)
Singapore to increase cooperation with Indonesia in 5 areas
SINGAPORE: At a joint press statement in Semarang, Central Java, Singapore Prime Minister Lee Hsien Long made a commitment with President Joko Widodo that Singapore and Indonesia will increase cooperation in five areas, including investment in industrial ... ( read original story ...)
FEC approves bilateral tax agreement between Nigeria, Singapore
They buy oil from us. Petroleum export to Singapore for the last five years is about $264 billion and we import about N311 billion worth of goods from them.’’ Also the Minister of State, Aviation, Sen. Hadi Sirika, told correspondents that FEC approved ... ( read original story ...)
Singapore’s Exports Slump as Trump Factor Raises Recession Risk
Singapore’s exports in October contracted sharply as sales to major markets fell, raising the risk of a recession in the trade-dependent economy amid heightened uncertainty around global trade in the wake of Donald Trump’s U.S. election victory. ( read original story ...)