SINGAPORE--Singapore's exports fell more sharply than expected in October, dragged down by both electronics and non- electronics shipments. Non-oil domestic exports fell 12.0% in October compared with a year earlier, after falling 5.0% in September ... ( read original story ...)
Singapore October exports slump 12%
The electronics sector is a major drag. Singapore's non-oil domestic exports (NODX) fall further in October. It registered 12% YoY contraction following a 5% drop in September due to the decrease in both electronic and non-electronic NODX. Data from ... ( read original story ...)
Bank note reform may depress inflationary pressures: DBS
the Development Bank of Singapore (DBS) said today. "The banknote reform has pushed up deposit growth, which in turn has boosted liquidity," said DBS in its daily market report. With credit growth still weak, excess liquidity has pushed Indian ten-year ... ( read original story ...)
Singapore’s Exports Slump as Trump Factor Raises Recession Risk
Singapore’s exports in October contracted sharply as sales to major markets fell, raising the risk of a recession in the trade-dependent economy amid heightened uncertainty around global trade in the wake of Donald Trump’s U.S. election victory. ( read original story ...)
Singapore's exports slump, Trump raise recession risks
SINGAPORE (Reuters) - Singapore's exports in October contracted sharply as sales to major markets fell, raising the risk of a recession in the trade-dependent economy amid heightened uncertainty around global trade in the wake of Donald Trump's U.S ... ( read original story ...)
Singapore Exports Post Biggest Drop in Seven Months in October
Singapore’s non-oil domestic exports posted the largest decline in seven months in October, driven by a slump in pharmaceutical exports. Exports in Asia’s most trade-dependent country have remained under pressure since last year -- rising only once in ... ( read original story ...)
Singapore October exports slump 12 percent year-on-year, much worse than expected
SINGAPORE Singapore's exports in October shrank far more than expected as shipments to Europe contracted sharply, suggesting stubbornly weak external demand will remain a drag on the trade-dependent economy. Non-oil domestic exports last month slid 12.0 ... ( read original story ...)
S’pore exports for Oct shrink 12% in worse than expected decline
SINGAPORE — Singapore exports for October fell more sharply than expected, declining 12 per cent on the back of a fall in shipments of both electronics and non-electronic products amid weak global demand. This is the second straight month of decline for ... ( read original story ...)
Singapore October exports contract sharply, raise recession risks
SINGAPORE Singapore's exports in October shrank more than expected as sales to major markets fell, with those to Europe contracting sharply and raising risks of a recession in the trade-dependent economy. Non-oil domestic exports (NODX) skidded 12.0 ... ( read original story ...)
Singapore firms wary about rushing into Myanmar
Singapore Business Federation chief executive Ho Meng Kit said results from its National Business Survey released in January showed that Myanmar was the most popular market for Singapore companies wanting to venture overseas. But that enthusiasm has not ... ( read original story ...)
Singapore wants to steal London's fintech crown after Brexit
SINGAPORE (Reuters) - Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's central bank ... ( read original story ...)
Singapore tests digital currency system to ease bank payments
Singapore - Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state's central bank chief said Wednesday. The Singapore stock exchange and eight banks will take part in the ... ( read original story ...)
Two firms in race to be Singapore's fourth telco
It also indicated that the Singapore business would be funded from existing debt facilities and cash generated from Australian operations. A TPG spokesman told The Business Times that the company believed "strongly" that mobile telephony and broadband are ... ( read original story ...)
Singapore sees Brexit as chance to recruit London's FinTech talent
SINGAPORE Britain leaving the European Union is opening up ... Some 11,000 participants - including software giant Microsoft and global banks such as Citibank and Standard Chartered - from over 50 countries gathered for the FinTech event. ( read original story ...)
Singapore Working on Interbank Payments Blockchain
The trial project is also exploring cross-border transactions, Ravi Menon, managing director of the Monetary Authority of Singapore, said in a speech Wednesday. The city’s stock exchange, its largest bank DBS Group Holdings Ltd., its two local rivals ... ( read original story ...)
Singapore and Luxembourg ink agreements in R&D
SINGAPORE: Two agreements were signed between Singapore and Luxembourg on Tuesday (Nov 15) to deepen partnerships in areas of research and development. These will pave the way for millions of dollars in funding for joint projects. Luxembourg Prime Minister ... ( read original story ...)