Commodity trader Olam Group Ltd OLAG.SI on Friday posted a 1.8% rise in net profit for the first half of fiscal 2022, driven by a strong performance in its Olam Agri business. " Olam Agri is poised to ... ( read original story ...)
Gov’t edges up expected growth for exports, merchandise trade
This is whilst rising oil prices and high global semiconductor demand continue. Enterprise Singapore increased its projection for non-oil domestic exports (NODX) and total merchandise trade in 2022, ... ( read original story ...)
Singapore Thrived by Seeing the World Henry Kissinger’s Way
The fact that Singapore survived and thrived is less a miracle of free market economics than a triumph of selfish geopolitics as Henry Kissinger’s latest book, Leadership: Six S ... ( read original story ...)
Report names dozens of Singapore firms involved in arms supply to Myanmar military
Justice for Myanmar says 38 companies in Singapore are linked to 78 Myanmar-based companies brokering for the military. ( read original story ...)
Preparing for Singapore’s GST changes
The first major change is that beginning January 1, 2023, Singapore’s GST rate will increase from 7% to 8%. Then in January 2024, it will increase again from 8% to 9%. The duty de minimis, however, ... ( read original story ...)
New Grab HQ in Singapore will house merchant centre to help small firms grow online
SINGAPORE - Super app Grab officially opened its new nine-storey headquarters on Thursday (Aug 11), as the company celebrated its 10th anniversary. The 42,000 square metre office space at One-North ... ( read original story ...)
‘We don’t always get it right’: Grab Singapore’s managing director on meeting consumer expectations
Ahead of Grab's 10th anniversary, Yee Wee Tang spoke to CNA in an exclusive interview about the company’s plans for Singapore, how he sees high expectations from users, and why he stands by the ... ( read original story ...)
Singapore life insurance contracts by 1.9% YoY in H1 2022
New business premiums hit $2.63b. Singapore’s life insurance industry contracted by 1.9% year-on-year (YoY) in terms of new business premiums to $2.63b in the first half of the year, according to the ... ( read original story ...)
Grab launches GrabScholar and GrabMerchant Center, officially opens Grab HQ @ Singapore
Meanwhile, GrabMerchantCentre will be established to provide 1-on-1 business consultation services for its small and medium enterprises (SME) merchant-partners. Located at Grab HQ @ Singapore, the ... ( read original story ...)
Indian companies swap dollar for Asian currencies to import Russian coal
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching ... ( read original story ...)
Business mogul Peter Lim files police reports against alleged impersonators giving fake stock trading tips
SINGAPORE — Billionaire Peter Lim, 69, has filed two police reports about people impersonating him online in recent months, after encountering alleged scammers who used his image on finance chat ... ( read original story ...)
Singapore’s OTS Holdings Plans to Export New SPAM-Style Canned Vegan Meat to Over 40 Countries
OTS Holdings recently announced the launch of a new SPAM-style canned meat product developed by the company's plant-based brand ANEW. ( read original story ...)
New breed of business leaders needed to make ESG work
How many business leaders know the difference between carbon neutral and net-zero? Read more at straitstimes.com. ( read original story ...)
Commentary: Ruffled feathers in chicken export competition between Malaysia and Indonesia
Malaysia’s ban on chicken exports to Singapore has allowed Indonesia to join the competitive poultry export market, but in the long run, Indonesia will be able to compete only if it can find a way to ... ( read original story ...)
Live news updates: Singapore PM Lee warns on risk to Asia of ‘worsening’ US-China relations
Axios, the digital news company best known for delivering political and business scoops in succinct bullet points, has agreed to sell itself to Cox Enterprises for $525mn, the latest start-up to be ... ( read original story ...)
Iron ore climbs on China’s higher imports in July
Dalian and Singapore iron ore futures rose on Monday after data showed a modest rebound in Chinese imports of the steelmaking ingredient in July driven by improved profitability at mills. Aug 8 ... ( read original story ...)