“The edge that Singapore has – say its experience and financial system – is not replaceable by Malaysia’s new ports and railway.” Oh added that he believed the railway was being built so that China could export its railway technology as part of ... ( read original story ...)
Singapore, Nigeria sign double taxation avoidance agreement
She put the volume of trade between the two countries from 2011 to 2015 at N846 billion, where the absolute Balance of Trade was N222 billionn in favour of Nigeria while Balance of Trade net of petroleum export stood at N42 billion in favour of Singapore. ( read original story ...)
TABLE-Iraq top oil exporter to India for fourth straight month
NEW DELHI/SINGAPORE, Aug 8 (Reuters ... which fell 31.1 percent from June to 337,100 bpd in July. Venezuelan crude exports have declined as it struggles to secure the light oil needed to dilute its heavy crude grades for export. India is also diversifying ... ( read original story ...)
Oil prices slip despite news of lower Saudi supply
Oil prices fell on Tuesday as key OPEC producers export more barrels and despite news of lower ... senior market analyst at futures brokerage OANDA in Singapore. The U.S. Energy Information Administration, part of the Energy Department, will release ... ( read original story ...)
Global Stocks Hit Another Record High, Ignore Slowing Chinese Trade
exports mitigating risks of U.S. protectionism,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank in Singapore." Continuing an unprecedented run of record highs, global stocks inched up to a new all-time high on Tuesday, shrugging off ... ( read original story ...)
New markets for Uzbek cherry exporters
USAID said that this year, 110 metric tons of sweet cherries worth $350,000 were sold to customers in London and Singapore. Uzbekistan now boasts ... In recent years, the country has grown into a major exporter of fruit and vegetable products. ( read original story ...)
Brexit Is Quietly Strangling Science
“The development, manufacturing and export of medicines in the U.K. have all benefited ... that has changed… I can only imagine how many others are thinking the same. Singapore. China. There are many options. Maybe it is inevitable? ( read original story ...)
UPDATE 2-Saudi Arabia cuts crude oil allocations in Sept by more than its OPEC pledge
DUBAI/SINGAPORE, Aug 8 (Reuters) - Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in ... ( read original story ...)
RPT-China buyers resell soybeans as crushers lose cash, glut grows – traders
Eight cargoes would be equal to 520,000 tonnes of soybeans, worth around $210 million, based on June customs data. Sunrise and Sanwei, however, resold the cargoes at much below market rates, said the Singapore-based trader, who works for a global trading ... ( read original story ...)
Chinese Gas Sellers Sidestep State Giants to Exploit Demand Surge
New import facilities developed by firms including Guanghui Energy ... their widespread distribution networks,” said Maggie Kuang, an analyst with BNEF in Singapore. China’s LNG demand will expand by 5 million to 6 million tons annually over the ... ( read original story ...)
Australian wheat exports to Asia soar as tastes change
In Vietnam, the humble local baguette or banh mi is a key driver of Australian wheat exports, while noodles in Vietnam are almost exclusively made from Australian wheat. Greg Harvey, Australian chief executive of the Singapore-based Interflour milling ... ( read original story ...)
Singapore shares open 0.02% higher
SINGAPORE: Singapore shares opened higher on Monday (Aug 7), with the benchmark Straits Times Index at 3,327.08 in early trade, up 0.02 per cent, or 0.56 points. About 30.3 million shares exchanged hands. Gainers beat losers 87 to 45. ( read original story ...)
250 gold bars found on wheelchair-bound Bangladeshi flying in from Singapore
assistant commissioner of customs, said. Jamil arrived at the airport from Singapore around 11pm. He was just about to go past the "green channel" half an hour later when officers intercepted him. He attached the bars to his body before boarding the ... ( read original story ...)
Malaysian export growth hits six-month low at 10%
Malaysian exports to China grew by 27.3%, Japan by 24.3%, India by 21.3%, and South Korea by 33.8%. Exports to ASEAN countries grew by 1.9%, thanks to shipments to Singapore at 9.1%, Thailand at 2.5%, and the Philippines at 18.5%. ( read original story ...)
Globalization Thrives in Asia as Export Revival Buoys Growth
For those who prefer to see a glass half full, leading indicators of trade -- manufacturing export orders and shipping rates ... Yew School of Public Policy at the National University of Singapore. "Globalization is advancing very strongly and trade ... ( read original story ...)
Singapore business group marks National Day and 15 years in Beijing
While most of the 400 guests at a dinner here last night to celebrate Singapore's National Day were based in Beijing, some had flown in specially from Singapore. One of them was business consultant Edith Cheong, who used to be based in the Chinese capital ... ( read original story ...)