SINGAPORE, June 19-- Singapore Technologies Engineering issued the following news release: Singapore Technologies Engineering Ltd (ST Engineering) updated that further to its announcement on 6 February 2018, its Electronics arm, ST Engineering Electronics ... ( read original story ...)
Homegrown bike hire firm quits as Singapore clamps down on haphazard parking
(Reuters) - Bicycle-sharing company oBike ceased operating in its home market of Singapore on Monday, citing difficulties in meeting tightened regulations in the city-state that seek to clamp down on haphazard parking of dock-less bikes. Bike-sharing is ... ( read original story ...)
Singapore merchants can now collect their Nets terminals one day after applying online
SINGAPORE - The race to a cashless Singapore just picked up ... Last week, Nets announced that customers of OCBC Bank and UOB can now digitally store their Nets ATM bankcards on the NETSPay mobile app, allowing them to make Nets payments through their ... ( read original story ...)
Global Trade Concerns Spur a Correction for Singapore Equities
Singapore stocks declined, with the nation’s benchmark index entering a correction, as the continued trade tensions between U.S. and China triggered a selloff across Asia. The Straits Times Index dropped 1.1 percent at 3:20 p.m., taking its decline to 10 ... ( read original story ...)
Singapore Stock Market Tipped To Snap Losing Streak
(RTTNews) - The Singapore stock market headed has moved lower in back-to-back trading days, sliding almost 30 points or 0.9 percent along the way. The Straits Times Index now rests just above the 3,285-point plateau although it may stop the bleeding on Monday. ( read original story ...)
Respite May Be Close for These Battered Asian Stock Markets
The past two weeks have been ugly for Asian stock markets, but the selloff might have gone too far. That’s what an indicator of market momentum is hinting at. Benchmark gauges of China, Malaysia, Thailand, Singapore and the Philippines have entered ... ( read original story ...)
Touché, OCBC Bank Bring Fingerprint Authentication to In-Person Commerce
Singapore-based authentication specialist Touché has signed a deal with OCBC Bank. The agreement will bring fingerprint-based biometric payment and loyalty management technology to the bank’s credit card acceptance merchants that maintain a brick and ... ( read original story ...)
Singapore exports continue to surge in May
Asia Non-oil domestic exports (NODX) in Singapore soared 15.5% in May Non-oil domestic exports (NODX) in Singapore soared 15.5% in May, up from April’s 11.8% expansion and beating market expectations of a 4.7% rise. May’s reading marked the fastest ... ( read original story ...)
Exports could slip as electronics momentum cool down in H2 2018
The US-China trade war could also hit Singapore's export if the threatened US$50b tariffs push through. Non-oil domestic exports (NODX) could face slow down in the second half of the year due to a slowdown in the momentum of electronics exports ... ( read original story ...)
Exports hit 7-month high, beating forecasts
The rise came as non-electronic exports outweighed sliding electronics shipments, Enterprise Singapore data released yesterday showed. Electronics shipments declined 7.8 per cent year on year, following a 6.9 per cent decrease in April. The fall was led by ... ( read original story ...)
Singapore Oil Exports: Sales up But Volume Down
Sales of domestic oil exports from Singapore were up year-on-year while the volume of domestic oil exports fell, trade figures show. In volume terms, May saw a 9% drop in domestic oil exports compared to 12 months' ago. Total trade was up by 10% over the ... ( read original story ...)
Textile, garment export markets grow
Of this, the exports to Japan saw the highest increase at 22.6 per cent, reaching $1.39 million. The exports to Singapore rose by 22 per cent to $39.16 million, to Canada by 17.4 per cent, reaching $230.29 million and to Australia by 16 per cent ... ( read original story ...)
Singapore’s advertising economy set to become the only Asia Pacific market to shrink in 2018
Singapore’s advertising economy is expected to shrink by 2.2% in 2018, with export weakness, lethargic gross domestic product, US and EU policy uncertainty all contributing to weak consumer confidence, tight credit and slowdowns in spend. The city-state ... ( read original story ...)
Singapore says Trump-Kim summit cost just $12 million, after some question expenses
SINGAPORE (Reuters) - Singapore said on Sunday it spent S$16.3 million ($12 million) on hosting the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, less than earlier reports that had angered some locals. Most of the money ... ( read original story ...)
Three kids and a flute. How India, Singapore can end index feud
The path to ending the custody dispute between the National Stock Exchange of India and Singapore Exchange Ltd. passes through a parable involving three kids and a flute. A minor domestic quarrel has turned into a major court battle over who gets to trade ... ( read original story ...)
Singapore Shares May Open Under Continued Pressure
The Singapore stock market headed south again on Thursday, one session after it had snapped the five-day slide in which it had surrendered almost 140 points or 4.3 percent. The Straits Times Index now rests just above the 3,300-point plateau and it's in ... ( read original story ...)