SINGAPORE Singapore's exports in October shrank far more than expected as shipments to Europe contracted sharply, suggesting stubbornly weak external demand will remain a drag on the trade-dependent economy. Non-oil domestic exports last month slid 12.0 ... ( read original story ...)
S’pore exports for Oct shrink 12% in worse than expected decline
SINGAPORE — Singapore exports for October fell more sharply than expected, declining 12 per cent on the back of a fall in shipments of both electronics and non-electronic products amid weak global demand. This is the second straight month of decline for ... ( read original story ...)
Singapore October exports contract sharply, raise recession risks
SINGAPORE Singapore's exports in October shrank more than expected as sales to major markets fell, with those to Europe contracting sharply and raising risks of a recession in the trade-dependent economy. Non-oil domestic exports (NODX) skidded 12.0 ... ( read original story ...)
Singapore firms wary about rushing into Myanmar
Singapore Business Federation chief executive Ho Meng Kit said results from its National Business Survey released in January showed that Myanmar was the most popular market for Singapore companies wanting to venture overseas. But that enthusiasm has not ... ( read original story ...)
Singapore tests digital currency system to ease bank payments
Singapore - Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state's central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the ... ( read original story ...)
Singapore wants to steal London's fintech crown after Brexit
SINGAPORE (Reuters) - Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's central bank ... ( read original story ...)
Two firms in race to be Singapore's fourth telco
It also indicated that the Singapore business would be funded from existing debt facilities and cash generated from Australian operations. A TPG spokesman told The Business Times that the company believed "strongly" that mobile telephony and broadband are ... ( read original story ...)
Singapore, Malaysia expect to sign bilateral agreement
Future passengers would also likely be able to clear customs and immigration at their point of departure, the report added. The proposed 350 kilometre double-track train will slash travel time between Kuala Lumpur and Singapore to 90 minutes, with terminus ... ( read original story ...)
Singapore Oct exports seen falling for 2nd month
SINGAPORE - Singapore's exports are forecast to have contracted in October for a second straight month, a Reuters poll showed, as weak global demand shows no sign of improvement, keeping pressure on Asia's trade-dependent economies. Non-oil domestic ... ( read original story ...)
Indonesia-Singapore business council will open up more investment opportunities: PM Lee
SEMARANG, Indonesia: The Indonesia-Singapore Business Council will provide a framework for companies to look for more investment opportunities, said Prime Minister Lee Hsien Loong in his wrap-up interview with Singapore media after the leaders’ retreat ... ( read original story ...)
Iraq plans to export 3.163 million bpd of Basra crude in December
SINGAPORE Iraq plans to export 3.163 million barrels per day (bpd) of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of the matter said on Monday. The allocated December volume will be the ... ( read original story ...)
New Zealand overtakes Singapore as easiest place to do business
After a decade of being on the top of the World Bank’s ranking as the best country on the globe to conduct business, Singapore concedes to New Zealand and takes the second spot in its 2016 report. The report by the World Bank, Doing Business, made a ... ( read original story ...)
Singapore partners with Vietnam’s NATEC to promote entrepreneurial exchanges
Nearly three-quarters of millennials surveyed in Singapore plans to start their own business within the next ten years and more than 30% of them began their entrepreneurial venture while in school. Many of these budding entrepreneurs will benefit from ACE ... ( read original story ...)
3 ways the falling US dollar could affect Singaporeans
In fact, those watching the currency markets might have discovered that the US Dollar strengthened against the Singapore Dollar! Hold off on those online shopping sprees for now. In fact, while the currency's recovery has already begun, there's still no ... ( read original story ...)
Manulife’s profit tops forecasts on Asia growth
It has benefited from a partnership with Singapore’s DBS Group, agreed last year, in which Manulife sells its products through the lender’s Asian branch network. Manulife said core earnings in its Asia business rose 16.6 per cent in the third quarter ... ( read original story ...)
Halloween events aplenty in Singapore as local businesses cash in
Halloween is serious business for Resorts World Sentosa (RWS), which operates the Universal Studios theme park in Singapore and a Halloween Horror Nights event that grows in scale every year. This year, the event's sixth, it takes a small army of 400 ... ( read original story ...)