Category: BUSINESS

To buy more imports than exports, it must borrow from abroad to pay for those goods. This means the US trade deficit also signals that it’s borrowing from foreigners. On the flip side, when a country runs a trade surplus—as Singapore does—it’s ... ( read original story ...)

Singapore's non-oil domestic exports fell by 2.7% in March due to lower electronics exports. According to ING Asia Pacific Economics head of research Rob Carnell, the drop is "a little" worrying. "Accounting for about 30% of total non-oil domestic exports ... ( read original story ...)

But most experts feel that exports will continue to grow this year, just not at last year's breakneck pace. SEE TOP OF THE NEWS: Singapore exports fall for second straight month Topics: ( read original story ...)

as well as quick and hassle-free export processes. This would allow Malaysian small and medium enterprise owners to reach out to new customers among Singapore’s population of six million, whereby in this pilot phase, over 50,000 products from various ... ( read original story ...)

Singapore economy grew 3.5% in 2017 supported by the 3.1% growth in the fourth quarter from a year earlier, easing from growth of 5.4% in the previous quarter. A continued rise in demand for electronic gadgets, growth in exports and boosted investment ... ( read original story ...)

Exports of 428,100 MT were up 30 percent from the previous week and 14 percent from the prior 4-week average. The primary destinations were to Iraq (105,000 MT), Mexico (104,100 MT), Japan (59,600 MT), Chile (49,500 MT), and Guatemala (33,500 MT). ( read original story ...)

SINGAPORE - For two years, a Singapore Customs officer repeatedly abused her position to fraudulently obtain goods and services tax (GST) tourist refunds. In total, she received more than $16,000. Pang Yeow Biah, 61, who is no longer working there, pleaded ... ( read original story ...)

Various business sectors like manufacturing (OEM and silicon parts), financial intermediation and retail and wholesale trade are the main growth drivers for Singapore’s recent economic surge. This notwithstanding, Singapore’s resilient economy is only ... ( read original story ...)

This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The Singapore Fintech Association has launched a marketplace lending committee, which aims to build trust in the alt ... ( read original story ...)

Prices have risen due to higher costs of eating out in restaurants. The average cost of a business trip to Singapore has increased to US$479 or $647 per day, compared to US$472 in 2016, ECA International revealed in its Daily Rates research. It rose from ... ( read original story ...)

Google Store Singapore and South East Asia – Google Pixels Phone now available to buy directly from Google – No more parallel import! A Google Home Mini costs only S$79. Still a bit more expensive if you convert directly from its US price US$49 with ... ( read original story ...)

Exports continued to disappoint for the second straight month in March, hit by a triple whammy of high base effects, cooling electronics demand and a strengthening Singdollar. The decline comes at a time when global trade tensions continue to mount, which ... ( read original story ...)

SINGAPORE: Exports increased only 2.1% y/y versus 5.2% expected. While this was worse-than-expected, imports declined by 0.6% y/y. The latter was expected to rise 6.3%, making the miss here more intense than the former. When net exports are positive ... ( read original story ...)

Channel checks by Singapore Business Review reveal that online ordering of groceries accounts for just under 2% of the retail pie in the city-state, and that Amazon only has a measly share of that. In addition to reports of delivery delays marring its Asia ... ( read original story ...)

SINGAPORE: Local shares bounced back yesterday after a dip on Thursday, due to Wall Street’s solid overnight showing and encouraging domestic growth data. The key Straits Times Index (STI) advanced 32.69 points, or 0.94 per cent, to finish at 3,501.30 ... ( read original story ...)

adding that Uber would continue to operate in Singapore until May 7 to smoothen the transition. Uber sold its Southeast Asian business to bigger local rival Grab, marking the U.S. company’s second retreat from an Asian market. Uber gets a 27.5 percent ... ( read original story ...)