Yield on the benchmark 10-year treasuries touched 1.33% - the highest since February 2020. Benchmark indices in Japan, South Korea and Australia are trading with losses this morning. Chinese equities ... ( read original story ...)
Singapore Trims Deficit, Taps Reserves Again for Covid Aid
Singapore plans to rein in its budget deficit as the economy recovers, while digging deeper into government reserves for a new S$11 billion ($8.3 billion) package to help households and businesses ... ( read original story ...)
Singapore’s Jan exports rise 12.8%, fastest pace in seven months
Singapore's January non-oil domestic exports (NODX) increased 12.8% from a low base last year, official data showed on Wednesday, driven by shipments of specialised machinery, non-monetary gold, ... ( read original story ...)
Singapore Will Still Spend to See Covid End But Not as Much
But it’s hard to fault Heng for reasserting the fiscal conservatism that has served Singapore well. As much as S$53.7 billion, or 70% of the deficit this year and next, is being financed out of past ... ( read original story ...)
Hosting WEF can boost Singapore’s economy: Minister of State
The World Economic Forum (WEF), to be held in Singapore this year, with top leaders from the public and private sectors gathering to address the most pressing global issues, should have economic ... ( read original story ...)
Singapore puts budget focus on transformation, innovation
After tilting last year's budget towards "emergency support" in light of the global pandemic, Singapore's government will spend SG$24 billion ($18.1 billion) over the next three years to help local ... ( read original story ...)
RailTel IPO subscribed 2.6 times on Day-1 led by retail investors
The issue received bids for 16.14 crore equity shares against the offer size of over 6.11 crore shares, according to the data available on the exchanges.RailTel had on Monday raised ₹243.99 crore from ... ( read original story ...)
RailTel IPO Fully Subscribed on Day 1, overall 2.64 times
RailTel Corporation of India Limited ("RailTel"), one of the largest neutral telecom infrastructure providers in the country, received bids of 16,13,30,820 shares against the offered 6,11,57,360 ... ( read original story ...)
Singapore can leverage ‘value of common market’ as Budget 2021 focuses on developing Asean market: Panel
SINGAPORE - The pandemic raised concerns over the resilience of global supply chains, but Singapore can work around it by focusing on and developing the regional market, said experts following the ... ( read original story ...)
RailTel IPO Subscribed 2.64 Times On First Day
The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday. The Rs 819.24-crore offer received bids ... ( read original story ...)
Indonesian banker to helm country’s new sovereign wealth fund
Fund's aim is to attract foreign funds into infrastructure and other projects and grow to US$100 billion.. Read more at straitstimes.com. ( read original story ...)
Singapore: Economy forecast to expand 5% in 2021 – UOB
UOB Group’s Economist Barnabas Gan comments on the latest GDP data in Singapore. “Based on the final print by the Ministry of Trade and Industry (MTI), Singapore’s 4Q20 GDP contracted 2.4% y/y, ... ( read original story ...)
Number of unauthorised online banking and card transactions in Singapore jumps 460% in 2020
Many victims were tricked into revealing their user IDs, passwords, OTPs or credit card details.. Read more at straitstimes.com. ( read original story ...)
Singapore Trims Deficit, Digs Deeper Into Reserves for Covid Aid
Singapore plans to rein in its budget deficit as the economy recovers, while digging deeper into government reserves for a new S$11 billion ($8.3 billion) package to help households and businesses ... ( read original story ...)
Singapore reduces foreign workers quota in manufacturing sector to 15 per cent
The manufacturing sector employs about 450,000 workers, or about 12 per cent of the workforce, with median wages about 10 per cent higher than the economy-wide median. ( read original story ...)
Singapore Digs Deeper Into Reserves for S$11 Billion Covid Aid
Singapore plans to dig deeper into government reserves for a new S$11 billion ($8.3 billion) package to help households and businesses rebound from the Covid-19 pandemic and its worst economic ... ( read original story ...)