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Category: Economy

Too strong, too fast: Singapore dollar strength may not last, say analysts

August 4, 2017 Asia12345 Economy, MAS, Singapore

The Sing dollar has gained more than 6 per cent against the greenback year to date, making it one of the top performing Southeast Asian currencies alongside the Thai baht. However, analysts expect it to

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Fewer layoffs, unemployment situation improves in Q2: Manpower Ministry

July 28, 2017 Asia12345 Economy, MOM, News, Singapore

People crossing a street in Singapore’s central business district. (File photo: Ngau Kai Yan)  SINGAPORE: Fewer workers were laid off and the unemployment situation for Singaporeans and residents showed signs of improvement in the second

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Crop map being drawn to cope with Mekong Delta climate change

July 24, 2017 Asia12345 Economy, Farming, Floods, Mekong Delta

Farmers till a field in the southern city of Cần Thơ. Scientists are compiling a crop map for the Mekong Delta to counter the growing climate change impact in the region. — VNA/VNS Photo Duy

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Taxi fares in Singapore are 20th cheapest in the world: Index

July 19, 2017 Asia12345 Economy, Singapore

SINGAPORE: Taxi fares in Singapore are the 20th cheapest in the world, according to an index compiled by online used car dealer Carspring, which is based in the United Kingdom. The 2017 Taxi Price Index

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Singapore economy grows 2.5% in Q2, advance estimates show

July 14, 2017 Asia12345 Asia, Economy, Singapore

Singapore’s economy expanded by 2.5 per cent year-on-year in the second quarter of 2017, holding steady from growth in the previous three months on the back of support from the manufacturing sector, advance estimates from

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Indonesia to bring home tax money parked in Singapore

July 13, 2017 Asia12345 Asia, Economy, Hong Kong, Indonesia, Jakarta, Singapore

The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country. Singapore and

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Temasek Holdings announces record net portfolio value of S$275b

July 12, 2017 Asia12345 Brexit, Economy, Singapore, Temasek Holding

SINGAPORE: Temasek Holdings announced on Tuesday (Jul 11) a record net portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago. The Singapore-based investment company posted

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Changi Airport’s Jewel to thrill and enchant visitors with sky nets and lush gardens

June 7, 2017 Asia12345 Asia, Economy, Singapore

SINGAPORE – Changi Airport’s future Jewel, which will open in early 2019, promises to be a thrilling experience. Among the highlights that travellers can look forward to is a 50m-long Canopy Bridge suspended 23m-high, with

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RM10,000 for smoking in parks in Selangor

June 1, 2017 Asia12345 Asia, Economy, Environment, Health, Selangor

SHAH ALAM (THE STAR/ASIA NEWS NETWORK) – Those caught smoking in parks in Selangor will be hauled up under the Control of Tobacco Product (Amendment) Regulations 2017 beginning today. They will face a maximum fine

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Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund

May 30, 2017 Asia12345 1MDB, Asia, Economy, Malaysia

Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB) for breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), it said in a statement on Tuesday The Monetary

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Singapore has to manage population growth carefully: PM Lee

May 27, 2017 Asia12345 Asia, Economy, News, Singapore

SINGAPORE: Singapore has to manage the population carefully, even as it grapples with its low fertility rate and the issue of having a stable population, Prime Minister Lee Hsien Loong said on Saturday (May 27).

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May 2017 BTO exercise: Flats in Bidadari and Geylang see highest demand

May 25, 2017 Asia12345 Economy, Property, Singapore

SINGAPORE: New Housing and Development Board (HDB) flats in the mature estates of Geylang and Bidadari continued to be in demand among house-hunters, with larger units being the most oversubscribed in the latest Build-To-Order (BTO)

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Singapore maintains 2017 growth forecast as economy expands 2.7% in Q1

May 25, 2017 Asia12345 Economy, Singapore

The economy is expected to grow between 1 and 3 per cent for 2017, with growth likely to come in higher than 2 per cent “barring the materialisation of downside risks”, says the Ministry of

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Noble shares tumble after S&P ratings downgrade

May 23, 2017 Asia12345 Asia, Economy, News, Singapore

SINGAPORE: Embattled commodity trader Noble Group Ltd suspended trading of its shares on Tuesday following a 32% plunge, as S&P downgraded its long-term corporate credit ratings, citing continuing weak cash flows and profitability. The Singapore-listed

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Modelling the British economy after Brexit on Singapore is a really bad idea

May 22, 2017 Asia12345 Asia, Economy, Singapore

It is 2022 and the UK has finally left the EU. Mike Ashley has woken up and has to pinch himself. All those dreaded extra protections for workers established since 1997 have been ditched. Hurrah. He

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The real threat to S’pore – construction of Thai’s Kra Canal financed by China

May 20, 2017 Asia12345 Asia, China, Economy, Singapore, Thailand

The Kra Canal or the Thai Canal refers to a proposal for a canal to cut through the southern isthmus of Thailand, connecting the Gulf of Thailand with the Andaman Sea. It would provide an

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Singapore Airlines swings to S$138m net loss in Q4

May 19, 2017 Asia12345 Asia, Economy, Singapore Airlanes

SINGAPORE: Singapore Airlines (SIA) on Thursday (May 18) reported a net loss of S$138 million in its fourth quarter from January to March, reversing from a S$225 million net profit in the same period last

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The women behind the Philippines’ bubbling craft beer scene

May 18, 2017 Asia12345 Asia, Economy, Philippines

The idyllic island of Palawan, in the southwest corner of the Philippines, is best known for its turquoise waters and secret lagoons. But the far-flung getaway has recently caught the eye of craft beer enthusiasts

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Driverless trucks to start trials on Jurong Island in September

May 8, 2017 Asia12345 Economy, Job, Jobs, Jurong Island, News, Singapore

Belgian logistics group Katoen Natie will be testing 12 driverless trucks on Jurong Island, with the first slated to roll out in September. These trucks will ply a fixed route on the island via transponders

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Chinese deals in Malaysia under scrutiny

May 8, 2017 Asia12345 1MDB, Asia, China, Economy, Environment, Job, Kuala Lumpur, Malaysia, News

China’s growing involvement in Malaysia has been praised and panned in recent years. The Sunday Times looks at how its widening presence is drawing increasing attention in the first of a two-part series. Tomorrow, why

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