Singapore

Singapore's growth accelerated by a pickup in exports

Singapore’s economy gained traction in the third quarter as a pickup in exports helped to drive up manufacturing.Highlights of GDP Report Gross domestic product rose at a seasonally adjusted and annualised rate of 6.3 percent in the third quarter from the previous three months, according to preliminary figures from the trade ministry on Friday.

13 October 2017
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The Asean Trading Link has officially closed down

A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut.The Asean Trading Link started with Bursa Malaysia and Singapore Exchange, with The Stock Exchange of Thailand also joining. It was heralded at its launch as breaking the barriers to cross-border trade and offering a single entry-point to three of Southeast Asia’s biggest stock markets, with thousands of listed companies.

13 October 2017
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Singapore's home-sharing sector is on the rise

Sizing up the home-sharing industry in Singapore has become the economist’s puzzle as the aspiring “Smart Nation” grapples with resistance to next-door strangers.Despite government rules restricting the likes of Airbnb operating in Singapore, there are signs that home-sharing has become more prolific in the city state.

12 October 2017
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Singapore's central bank expected to maintain neutral monetary policy

Singapore’s central bank is widely seen sticking to a neutral stance on Friday, but it may be moving closer to tightening policy as the economy continues to strengthen.All but one of the 23 economists surveyed by Bloomberg predict the Monetary Authority of Singapore, which uses the exchange rate rather than interest rates as its main tool, will keep its policy stance where it is: seeking no appreciation in the currency against a trading basket.Less clear is whether the MAS will signal it’s re

12 October 2017
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Safeguarding the faith of ASEAN countries

Freedom of religious practise is a constitutionalised law that has been established in all 10 ASEAN countries. However therein lies the difference between establishing a law and enforcing it. Certain nations experienced severe backlash due to infringement on their religious practises caused by discrimination.

11 October 2017
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Amnesty: Singapore's death penalty reform flawed

Singapore's reforms to its use of the death penalty are flawed, with some low-level drug offenders still being denied leniency and sent to the gallows, Amnesty International said Wednesday.After years of criticism from rights groups, the city-state in 2013 eased the requirement for mandatory death sentences in some drug trafficking and murder cases.

11 October 2017
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Trump to host Singapore's PM at White House

US President Donald Trump will host Singapore's prime minister in Washington later this month, the White House said Tuesday, with North Korea likely topping the agenda.In a statement announcing Lee Hsien Loong's October 23 White House visit, press secretary Sarah Huckabee Sanders said the meeting would reaffirming ties with "one of America's closest partners in Asia for more than 50 years."Singapore has long positioned itself as something of a cultural and political t

11 October 2017
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Dark clouds loom over ASEAN's mental health

The ASEAN (Association of Southeast Asian Nations) region is a cluster of nations renowned for its rapidly growing economy which has placed it as the seventh largest economy worldwide. Despite the progression of these Southeast Asian nations, there are still a few issues that need to be addressed, one of which is mental health and the lack of awareness about mental illnesses.

10 October 2017
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Indonesia to probe StanChart for $1.4bn client transfer

Indonesia will investigate whether citizens linked to the transfer of 1.4 billion dollars of Standard Chartered private bank client assets complied with tax amnesty requirements.The country’s Finance Ministry received data on the fund transfer for tax compliance purposes and found it involved 81 private citizens, without any military, police, law enforcement or civil servants involved, Ken Dwijugiasteadi, director-general for taxation, told reporters in Jakarta on Monday.

10 October 2017
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Amazon tested by Alibaba and malls in Singapore

As Amazon.com pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries.

9 October 2017
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Temasek raises $210 mln for Southeast Asian deals

Vertex Ventures, the venture capital arm of Temasek Holdings, has completed its biggest fundraising for Southeast Asian and Indian technology deals.The Singapore-based firm closed its third Southeast Asian fund at 210 million dollars, a record in the region that exceeded its target of 150 million dollars. The money will be used for early stage investments, aiming to repeat its success with Grab.

9 October 2017
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An important take on ASEAN centrality

“ASEAN centrality is not a magic incantation whose mere invocation makes all our dreams come true. Nor is it an objective reality that exists irrespective of perceptions – ASEAN centrality is more akin to the sound of Berkeley’s falling tree than Johnson’s immovable rock.”Ambassador-at-Large at the Singaporean Ministry of Foreign Affairs, Bilahari Kausikan is no stranger to eloquence when delivering his thoughts to an eager audience.

6 October 2017
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