Category: BUSINESS

Megaton Shipping, a cargo forwarding company was found guilty of providing false information to get an import permit from Singapore Customs department and was fined with S$5,000 on Wednesday. Officials said the shipping firm provided false information in ... ( read original story ...)

SINGAPORE: Shares opened 0.1 per cent higher on Wednesday, with the Straits Times Index up 3.91 points to 3,416.06 at 9.02am. About 46 million shares worth S$86 million in total changed hands as gainers outnumbered losers 86 to 37. The most actively traded ... ( read original story ...)

The growth was caused by higher factory output, new orders, and new exports. The March reading of Singapore Purchasing Managers’ Index (PMI) rose 0.3 point from the previous month to record a faster expansion at 53.0. According to the Singapore Institute ... ( read original story ...)

SINGAPORE: Shares kicked off the week on a higher note on Monday, reflecting gains on Wall Street last Thursday. This was in spite of China’s retaliatory tariffs on US imports and disappointing Caixin Purchasing Managers Index – an indicator of ... ( read original story ...)

SINGAPORE - Two parallel import car dealers have shuttered without notice, leaving customers who have paid a total of some $300,000 in deposits in limbo. Apex Car, located on the second storey of Automobile Megamart in Ubi, allegedly owes at least five ... ( read original story ...)

SINGAPORE: Chairmanship of Asean 2018 will present it a worthwhile opportunity to lead the region in developing its various digital economies, said Ravi Rajendran, managing director (Asia’s south region) at multi-cloud data management company Veritas ... ( read original story ...)

Taipei, March 31 (CNA) Taiwan was ranked as the third largest integrated circuit exporter in the world in 2016, overtaking Singapore, according to the Ministry of Finance (MOF). In its latest report on global IC exports, the ministry said Friday that ... ( read original story ...)

New partners appointed to help Hort Innovation develop pear exports will target markets including Hong Kong, Canada, New Zealand and Singapore. Hort Innovation has signed contracts with partners to deliver the Pear early and broader season export pilot ... ( read original story ...)

The country’s top export destinations are China (US$16.8 billion), the United States (US$16.2 billion), Japan (US$16.2 billion), Singapore (US$11.2 billion), and India (US$10.1 billion). The country imports predominantly from China (US$32.1 billion ... ( read original story ...)

“Demand from AG/India is getting better because of the turnarounds in India and [India] importing; less export/more demand,” a trader said. Gasoil cargoes coming from the Persian Gulf to Singapore have also eased, market sources said. “Now Europe is ... ( read original story ...)

... five key export markets for the British cybersecurity sector as it launches a new export strategy. According to the department, the anglophone US and Singapore offer the UK access to large markets, as do the Gulf, India, and Japan - where security and ... ( read original story ...)

Hong Kong has become more “China-centric,” enabling Singapore to take the lead when multinational companies look to set up their Asian headquarters in the region, according to the country’s Economic Development Board. With Hong Kong becoming more ... ( read original story ...)

SINGAPORE: Singapore weekly onshore fuel oil inventories fell 10%, or 2.529 million barrels (377,000 tonnes) to a five-week low of 21.691 million barrels (about 3.24 million tonnes) in the week ended March 27, data from International Enterprise (IE ... ( read original story ...)

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Jacqueline Tao is a Research Associate at the Energy Studies Institute at the National University of Singapore. This article has been written exclusively for Eco-Business. We would be grateful if you would consider joining as a member of The EB Circle. ( read original story ...)

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