Until now, LOOP has used the facilities for imported oil activities, making the offering of crude oil vessel loading services for Very Large Crude Carriers (VLCCs) a first for exports at the ... Thailand to Singapore. Intertrac Vision Lite has been ... ( read original story ...)
IMF Executive Board Concludes 2017 Article IV Consultation with Singapore
Singapore’s economic growth momentum has improved since ... And while a cyclical upswing has lifted growth recently, it remains concentrated in the export-oriented sectors. The labor market has softened despite rising real wages in 2016, with ... ( read original story ...)
Oil prices hover near eight-week highs on lower U.S stocks
REUTERS/Stringer/File Photo SINGAPORE- Oil prices were sitting just below eight ... supported by news earlier in the week that Saudi Arabia plans to limit its crude exports to 6.6 million barrels per day (bpd) in August, about 1 million bpd below its ... ( read original story ...)
Local exporters urged to tap into African markets
... export market destinations and should reduce their dependency on the traditional export markets,” said Raphy after hosting a visit by a delegation from the Singapore Malay Chamber of Commerce and Industry (SMCCI). The delegation was on a two-day ... ( read original story ...)
Singapore unemployment rate eases in Q2
SINGAPORE: The uptrend seen since September 2016 was halted. The unemployment rate in Singapore moderated in the second quarter of the year, with the jobless rate amongst residents going down slightly from 3.2% to 3.1%. This is according to the preliminary ... ( read original story ...)
Global LNG prices lifted on demand from Japan and India
LONDON/SINGAPORE (Reuters) - Asian spot LNG prices extended gains with demand coming from India and Japan, while recent export disruptions from Peru left Royal Dutch Shell shopping for replacement supply. Higher prices triggered a supply-side response with ... ( read original story ...)
U.S. Coal Exports Soar, Revived in Part by New Energy Policy
Exports to Asia meanwhile, totaled 12.3 million tons ... off the Faroe Islands neighbouring the more mature UK North Sea… A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might ... ( read original story ...)
UK must address giant trade deficit, IMF warns
The current account deficit is made up of the trade deficit – as the UK imports more than it exports – combined with the balance ... demand and foster competition,” the IMF said. Singapore’s surplus of 19pc is the largest, followed by Thailand ... ( read original story ...)
Owners of Modern VLCCs Could See Rates Blip in Market Under Pressure
SINGAPORE, July 28 (Reuters ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. “The overall cut in Arabian Gulf crude exports may potentially lead to a month-on-month ... ( read original story ...)
China diesel demand expected to return to growth as economy improves
China H1 truck sales up over 22 percent year-on-year SINGAPORE, July 28 (Reuters ... That could cap increases in exports of the fuel from the world's second-biggest oil consumer, while bolstering benchmark Asian diesel margins already near 8-month ... ( read original story ...)
Modern VLCC Rates Under Pressure
"W44.50 is a horrible rate," said the Singapore broker. Freight rates could bounce again ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. "The overall cut in Arabian Gulf ... ( read original story ...)
Japan to hike tariffs on frozen beef imports from U.S., other nations
TOKYO/SINGAPORE (Reuters) - Japan will raise tariffs from August on imports of frozen beef from the United States and other countries, in a move to protect domestic producers, the Ministry of Finance (MOF) said on Friday. Between Aug. 1 and the end of ... ( read original story ...)
Marketing manager fined S$92,000 for counterfeiting certificates of origin
Singapore Customs said in a news release that an investigation was carried out on Parfait International based on information provided the United States Customs and Border Protection (CBP). Parfait International deals with the production of uncovered ... ( read original story ...)
Two people fined for attempting to smuggle almost 150 balut eggs into Singapore
A 40-year-old man has been fined $5,000 for attempting to illegally import cooked embryonated duck eggs — otherwise known as the Filipino delicacy balut — into Singapore. © gri-Food & Veterinary Authority of Singapore (AVA) balut egg Lea Soon Lieo ... ( read original story ...)
3,200 cartons of contraband cigarettes seized from Malaysia-registered lorry
The duty-unpaid cigarettes were found to be concealed among the consignment. ICA said the driver, duty-unpaid cigarettes and lorry were handed over to Singapore Customs for investigations. The vehicle used in the commission of such offences is liable to be ... ( read original story ...)
Asia Investment Brief: Import-Export in Laos, Digital Payments in India, and Indian Investment in Vietnam
This includes not just e-commerce, but also e-customs and e-government ... An Introduction to Doing Business in Singapore 2017 An Introduction to Doing Business in Singapore 2017 provides readers with an overview of the fundamentals of investing and ... ( read original story ...)