WP MP Louis Chua calls for balanced CPF OA rates to safeguard Singaporeans’...
Mr Louis Chua, a Workers’ Party Member of Parliament for Seng Kang GRC, has urged the government to review the Central Provident Fund (CPF)’s Ordinary Account (OA) formula. He believes that the formula...
View ArticleSaudi announces investment deals at Arab-China summit
RIYADH, SAUDI ARABIA — Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world, on the first day of the China-Arab business conference in Riyadh. The...
View ArticleVietnam’s power crisis hits local firms, foreign investors
HANOI, VIETNAM — An intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to “uncountable”...
View ArticleBank of Japan sticks to ultra-loose monetary policy
TOKYO, JAPAN — The Bank of Japan said Friday it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth. The central bank has gone against the grain as its...
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Singapore’s key exports face an eighth consecutive month of decline despite...
SINGAPORE — Despite exiting from the COVID-19 pandemic early this year, Singapore’s key exports have reported an eighth consecutive month of decline, as per the latest data released by Enterprise...
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Singapore dollar hits record high of S$1 to RM3.46 against ringgit on Thursday
SINGAPORE — On Thursday (15 June), the Singapore dollar achieved a new record high of S$1 to RM3.46 against the ringgit, continuing its appreciation. According to online exchange data, the rate on...
View ArticleRich Chinese and Taiwanese flooding into Singapore buying up houses
The South China Morning Post (SCMP) reported on Friday (16 Jun) that Singapore has become a magnet for investment from Taiwan. Direct investment flows from Taiwan to Singapore reached S$7.21 billion in...
View ArticleSilicon Valley Bank subsidiary sold to management team
WASHINGTON, UNITED STATES — Healthcare investment firm SVB Securities announced Sunday that its management team would buy out the company from parent Silicon Valley Bank, the California-based lender...
View ArticleParis summit to push for global debt and climate reform
PARIS, FRANCE — World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries....
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Singapore’s Core Inflation Declines 4.7% in May, prompting moderate outlook...
SINGAPORE — Singapore’s core inflation declined to 4.7% year-on-year (y-o-y) in May, down from 5.0% in April. In February and January of this year, core inflation had reached a 14-year high of 5.5%...
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