Canberra has moved to ease Covid-induced labour shortages that tripped up domestic supply chains, but Asian importers are starting to feel the squeeze. ( read original story ...)
Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion
United Overseas Bank—controlled by billionaire Wee Cho Yaw—has agreed to acquire Citigroup’s consumer banking business across Indonesia, Malaysia, Thailand and Vietnam as the Singapore lender ... ( read original story ...)
Singapore envisions a future without carparks at home
Some 50 years from now, there may no longer be carparks in every building. After a person alights at his destination, his car would travel on its own to an out-of-the-way storage hub, where it can ... ( read original story ...)
Citi to sell retail arms in 4 Southeast Asian markets to Singapore’s UOB for $3.65 billion
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for S$4.915 billion ($3.65 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
China to raise jet fuel exports in Jan despite lower quotas, as domestic demand falls
Chinese oil companies are focusing on the strengthening Asian market amid weak demand at home, aiming to boost jet fuel exports above 1 million mt in January, while cutting gasoil outflows due to ... ( read original story ...)
Australian supply chain chaos that fuelled supermarket shortages creeps into exports
Canberra moved to ease Covid-induced labour shortages that upended domestic food supplies. But the problem is starting to spread to Australia's exports to Asia Singapore's situation is stable but ... ( read original story ...)
Singapore Air Sells $600 Million Bond at Discount to Peers
Singapore Airlines Ltd. became the first carrier to tap the market for dollars in 2022, raising funds at a discount to peers thanks to its government backing. The flag carrier sold $600 million of ... ( read original story ...)
PM Boris Johnson makes British Pakistani Lord trade envoy to Singapore
LONDON: The British Government has appointed Lord Aamer Sarfraz as Prime Minister Boris Johnson’s Trade Envoy to Singapore to promote British interests and trade ties between th ... ( read original story ...)
Airwallex opens for business in Singapore
Leading fintech platform Airwallex today announced its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore and a beta ... ( read original story ...)
Tips Thursday: The future of startup fundraising in Singapore
This article is written and published on E27 by Sam Lee, Charles Phan and Darrell Su from Paloe. In the recent Global Startup Ecosystem Report (GSER) 2021, Singapore was ranked 17th globally and 5th ... ( read original story ...)
Singapore fuel oil stocks extend gains to hit 7-week high
Singapore residual fuel oil inventories rose 6% in the week to Jan. 12, climbing further away from multi-month lows at the end of 2021 despite a dip in weekly net import volumes, official data showed ... ( read original story ...)
Singapore MPs push for wider carbon tax coverage ahead of expected levy hike
The city-state is the only Southeast Asian country that has a carbon tax now. Parliamentarians were cautious in raising suggestions, as they acknowledged that Singapore might lose business to ... ( read original story ...)
Singapore’s lessons for Australia on RATs, mask distribution
This week the island state began dispensing superior quality masks to all residents, the latest moveby its well-oiled pandemic machine. ( read original story ...)
Singapore start-up Sesto Robotics gets $7.7m funding
Autonomous technology start-up Sesto Robotics has pocketed US$5.7 million (S$7.7 million) funding from the investment arm of Enterprise Singapore Seeds Capital, venture capital fund manager Trive and ... ( read original story ...)
Economic stagnation is No. 1 worry of Singapore businesses–WEF report
The possibility of a prolonged economic stagnation setting in is the biggest worry over the next two years for Singapore businesses, a survey by the World Economic Forum ... ( read original story ...)
SPH sees improvement across business segments
Singapore Press Holdings (SPH) on Tuesday (Jan 11) said that its overall business improved in the first quarter to November following the gradual recovery of the economy. . Read more at ... ( read original story ...)