The crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to trade lower on the new benchmark month, April 2022, next week due to export weakness, dealers said. ( read original story ...)
Japan, Korean stocks lead losses; data shows China’s exports beat expectations
Asia-Pacific stocks dropped on Friday as the recent rally in U.S. stocks broke momentum with the Nasdaq snapping a three-day winning streak. ( read original story ...)
Citi to sell Southeast Asia retail business in $3.7 bln deal to Singapore’s UOB
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
Citi to sell Southeast Asia retail business to Singapore’s UOB for $3.7 billion
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
Singapore strengthens measures to deal with inflation
In the context of inflation being at its highest level in almost a decade, the Singaporean government has devised a multi-pronged strategy to minimise inflationary pressures on businesses and ... ( read original story ...)
China’s annual crude oil imports drop for first time in 20 years
China's annual crude oil imports slid 5.4per cent in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners ... ( read original story ...)
Australian supply chain chaos that fuelled supermarket shortages creeps into exports to Hong Kong
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 ...)