China's June imports of crude oil hit their highest on monthly and daily bases, according to Reuters calculations based on customs data released on Tuesday. ( read original story ...)
Singapore, Malaysia to Start Green Lane for Business Travel
Singapore and Malaysia will implement a reciprocal green lane for cross-border travel between both countries, according to a press statement from both ministries of foreign affairs. ( read original story ...)
Coronavirus: Singapore economy suffers biggest ever slump
As one of first countries to release growth data for the period in which many economies were in lockdown, the numbers from Singapore provide a glimpse of how the ongoing pandemic ... ( read original story ...)
Singapore Recession: Economy Shrinks By 41%, Worse Than Forecast
Singapore plunged into recession in the second quarter due to the massive damage inflicted on its economy by the pandemic-induced economic slowdown. ( read original story ...)
Pandemic knocks Singapore into recession as GDP plummets 41% in second quarter
Singapore's economy suffered a record contraction in the second quarter, tipping it into recession and putting the trade-reliant city-state on course for its worst ever slump this year as the ... ( read original story ...)
Import Collapse Turns Into a Boon for Philippines’ Currency
One consequence of the Philippines’ struggling economy is turning into a boon for its currency.A collapse in imports has had a positive effect on the nation’s trade deficit, leading to lower demand ... ( read original story ...)
Singapore seeks to appoint two new LNG term importers
Singapore's Energy Market Authority is seeking to appoint two new liquefied natural gas (LNG) term importers for the city-state, adding to the two it already has, to boost competition and give more ... ( read original story ...)
Gold prices’ surge to 9-year high may support Singapore’s exports
Rising demand for gold that has sent prices to a nine-year high will boost Singapore's export outlook.. Read more at straitstimes.com. ( read original story ...)
Singapore fuel oil stocks at over three-year high, records first net import from China
China’s reliance on fuel oil imports from Singapore has begun to fade since it introduced new tax and export rules this year, encouraging refiners to ramp up fuel oil production and boosting its ... ( read original story ...)
Zhejiang wins China’s first private fuel export license: sources
SINGAPORE/BEIJING (Reuters) - China has granted Zhejiang Petroleum & Chemical Co (ZPC) a license to export refined oil products, making it the first private oil refiner to win such permission ... ( read original story ...)
China grants extra oil import quotas for private refiners -sources
SINGAPORE - China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with ... ( read original story ...)
Exports of Chinese “stinky” noodles soar in H1
In addition to the traditional export markets such as the United States, Australia and some European countries, shipments of the ready-to-serve food were also delivered to new markets including ... ( read original story ...)
China gives private refiner Zhejiang Petroleum first-ever fuel export licence
China has granted Zhejiang Petroleum & Chemical Co (ZPC) a licence to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the ... ( read original story ...)
Singapore stock watch: Olam, Keppel, Clearbridge, Hatten Land, Biolidics, ST Group Food
The following companies saw new developments that may affect trading of their securities on Thursday (July 9):. Read more at straitstimes.com. ( read original story ...)
Vendor fined S$2,500 for illegally importing fresh vegetables from Malaysia
SINGAPORE: A vegetable vendor was fined S$2,500 on Wednesday (Jul 8) for illegally importing fresh vegetables from Malaysia. Chan Poh Seng, licensee of Chye Soon Vegetables Trader, was caught in ... ( read original story ...)
‘Boycott China’: Traders plan supplies from Malaysia, Singapore, Vietnam despite 5-10% added cost
Some traders and manufacturers are negotiating with suppliers in Taiwan, Malaysia, Singapore and Vietnam instead of China; Manufacturers in India are expected to r ... ( read original story ...)