Prominent Singaporean businessmen Pek Lian Guan and Pay Teow Heng of Tiong Seng Holdings have been accused of bribing former Land Transport Authority deputy group director Henry Foo Yung Thye in order ... ( read original story ...)
Uniquely Singapore products to mark nation’s birthday
Veteran pastry chef Ana Fong fondly remembers sharing one of her family business' past specialities - a hybrid between a cake and a pastry - with her siblings when she was a child.. Read more at ... ( read original story ...)
New MP Jamus Lim elected to Economic Society of Singapore’s council
Newly elected Member of Parliament Jamus Lim is among seven new faces on the Economic Society of Singapore's (ESS) council, the society announced on Thursday (July 23). The associate professor at ... ( read original story ...)
Singapore Bank Seeks Court Intervention for Distressed Shipping Group
Singapore’s OCBC Bank has sought a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries. Xihe Holdings is part of the troubled Singapore-based Lim ... ( read original story ...)
Singapore: Deflation seen unabated in H2 2020 – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation data in Singapore. Key Quotes “Singapore’s headline consumer prices fell 0.5% y/y (0.0% m/m nsa) in June 2020 ... ( read original story ...)
Singapore to finish virus testing at migrant worker dorms within two weeks
Singapore will complete testing for COVID-19 cases among migrant workers living in dormitories by Aug. 7, about four months after authorities started quarantining tens of thousands of workers in their ... ( read original story ...)
Indonesia: Further decline in FDI – UOB
Economist at UOB Group Enrico Tanuwidjaja and Haris Handy reviewed the FDI figures in Indonesia during the April-June period. Key Quotes “Indonesia’s direct investment contrac ... ( read original story ...)
Singapore Press Holdings: Headwinds Persist
SPH is guiding for operating profit to be significantly lower in FY2020 vis-a-vis FY2019, given continued headwinds for its core media and property businesses. ( read original story ...)
Standard Chartered Bank forecasts Vietnam’s 2020 growth at 3 percent
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance. ( read original story ...)
Singapore factory output shrinks for second straight month in June on fall in biomedical production
Singapore's factory output shrank for the second straight month in June, on the back of a plunge in biomedical manufacturing, according to data released by the Economic Development Board (EDB) on ... ( read original story ...)
Singapore’s manufacturing output continues decline with 6.7% fall in June
Singapore's manufacturing output continued its decline in June, with demand down in all clusters except electronics and precision ... ( read original story ...)
Singapore Industrial Production Falls Unexpectedly In June
Singapore industrial production declined unexpectedly in June, data from the Economic Development Board showed on Friday. Industrial ... ( read original story ...)
Singapore’s manufacturing output declines 6.7 pct on year in June
Singapore Economic Development Board announced on Friday that the country's manufacturing output decreased 6.7 percent year on year in June, compared to a revised 8.1 percent decrease in May. In the ... ( read original story ...)
Credit Suisse faces US$300 million lawsuit in Singapore over rogue trader
Bidzina Ivanishvili, the biggest victim of a rogue trader at Credit Suisse Group, is suing one of the bank's trusts in Singapore for at least US$300 million (S$415.6 million), opening a fresh front in ... ( read original story ...)
Singapore manufacturing drops 6.7% in June
Singapore reported on Friday a 6.7% drop in industrial output in June from a year ago, declining for the second straight month and missing forecasts, mainly due to a fall in pharmaceuticals ... ( read original story ...)
Malaysia Market Value Close to Overtaking Singapore on Glove Gains
(Bloomberg) -- Thanks to the meteoric gain in glove-maker stocks, Malaysia’s equity market capitalization is close to surpassing that of its richer neighbor Singapore.Malaysia’s market value has surge ... ( read original story ...)