Markets

Palm oil meeting in Bali to focus on weather

Some of the world’s biggest palm oil players will meet in Indonesia this week and just like two years ago, the weather will be a hot topic. But instead of the scorch of El Nino, this year the focus is on La Nina. The conference will feature predictions from industry heavyweights Dorab Mistry of Godrej International, LMC International’s Chairman James Fry and Oil World Executive Director Thomas Mielke.

1 November 2017
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Singapore opens new, high-tech airport terminal

Singapore's Changi Airport opened a cutting-edge terminal Tuesday with a fully automated check-in system including facial scanning and computerised baggage drop points, but some passengers struggled with the new technology.Terminal 4, built at a cost of S$985 million (723 million dollars), will have an annual capacity of 16 million people and is aimed at coping with an expected increase in passenger numbers through one of Asia's top travel hubs.It is packed with new technology, mean

31 October 2017
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Sand is a precious resource for Singapore's development

In Singapore, sand is just as precious a resource as oil and water. Securing a steady supply is proving to be trickier these days.By filling the sea along its coasts with imported sand, the tiny island nation has expanded its physical size by about 24 percent since 1960, according to data from the Singapore Land Authority. At just 278 square miles, the country is smaller in size than New York City.

31 October 2017
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Indonesia's economy may beat expectations, finance minister says

Indonesia’s finance minister said Southeast Asia’s biggest economy could expand at a faster pace next year than initially forecast.Economic growth may potentially be boosted by a pickup in investment in 2018, Sri Mulyani Indrawati said in an interview in Jakarta Friday.

30 October 2017
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Myanmar's tourism dreams pierced by Rohingya crisis

Only a few years ago Beyonce and Jay-Z were posing for photos among Myanmar's famed temples, heralding the former junta-run country's rise as one of the hottest new tourist destinations on the map.But that dream is cracking as images of burnt villages and Muslim Rohingya fleeing army-led violence in western Rakhine shock the globe, sparking outrage over a staggering scale of human suffering that has festered along the border.Ever since the bloodshed broke out in late August, tourism

29 October 2017
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Singaporeans ready to work longer

Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them.Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management University’s Centre for Research on the Economics of Ageing, which works with the US-based RAND Corporation.

27 October 2017
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Singapore Exchange chief bullish on bourse's Aramco IPO chances

Singapore Exchange’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.“We’re as good as any other exchange,” Loh Boon Chye said in a Bloomberg Television interview in Riyadh, Saudi Arabia.

27 October 2017
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Singapore's Sea experienced rocky IPO debut

Sea Ltd. shares fell for the third day in a row and dropped below their initial public offering price, a rocky start as a public company for the Singapore games startup.Sea’s stock slipped 9.9 percent in New York trading Wednesday to close at 13.73 dollars.

26 October 2017
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Freeport hopes for 2017 deal from Indonesian talks

Freeport-McMoRan signalled it’s made progress with Indonesia on how to value its flagship Grasberg mine, but warned that the final stages of divestment negotiations are complex.“We are working with the government to have a complete resolution of those issues, and the current goal that we’re both working on is by the end of the year,” Chief Executive Officer Richard Adkerson said from Jakarta during a two-hour long earnings call that was, once again, dominated by questions about Indonesia.

26 October 2017
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OCBC's profit rose 12% on lending, wealth and insurance

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, reported higher third-quarter profit on increased revenue from its lending, wealth management and life-insurance businesses.Net income rose 12 percent to S$1.06 billion (780 million dollars) in the three months ended September 30, the Singaporean bank said in a filing on Thursday.

26 October 2017
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Hong Kong and Singapore join forces for fintech

Hong Kong and Singapore, which have vied for supremacy as financial technology hubs over the past couple of years, have now decided to join forces.The cities’ central banks have signed a fintech cooperation agreement that will foster collaboration on business referrals, joint innovation projects, information sharing and the exchange of expertise, Norman Chan, chief executive of the Hong Kong Monetary Authority said Wednesday.

25 October 2017
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Singapore's OCBC to boost research in Hong Kong

Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong.Oversea-Chinese Banking Corp. plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end, according to Carmen Lee, its head of research.

25 October 2017
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