Economy

Singapore retail sales up 1.9% despite drop in auto sales

The Department of Statistics of Singapore (SingStat) revealed that retail sales index went up by 1.9 percent despite the drop in motor vehicles sales.

Aug 13, 2017

By Kiersnerr Gerwin Tacadena

Singapore economy grows stronger than expected in Q2 at 2.9%

According to MTI, Singapore's gross domestic product (GDP) expanded by 2.9% in Q2, faster than the economic growth of 2.5% in Q1.

Aug 11, 2017

By Kiersnerr Gerwin Tacadena

Here's why North Korea wants to strike U.S. island Guam

North Korea on Wednesday said it is considering plans to attack U.S. island territory Guam.

Aug 9, 2017

By Aastha Agnihotri

Venezuela: Inauguration of constituent assembly sparks new protests

Venezuela has inaugurated the new legislative superbody elected last week. The 545-member constituent assembly has been condemned by governments across Latin America, the U.S. and EU. Opposition protesters clashed again with security forces in Caracas. They believe the assembly endangers Venezuelas democratic freedoms. The all-powerful body may decide to dissolve the opposition-run congress and will rewrite the constitution, giving the ruling Socialist Party vast new powers.

Aug 5, 2017

By Staff Reporter

U.S. bans travel to North Korea from Sept. 1

The North Korea travel ban comes after the death of U.S. tourist Otto Warmbier, who suffered brain damage while under arrest in North Korea.

Aug 3, 2017

By Aastha Agnihotri

Singapore to launch blockchain technology for interbank payments

Singapore central bank sets up Payments Council to boost e-payments trend

MAS said the council will facilitate the development of seamless payment solutions like the recently-launched PayNow.

Aug 3, 2017

By Kiersnerr Gerwin Tacadena

Singapore central bank clarifies regulatory position on digital tokens

MAS defines digital token as a cryptographically-secured representation of a token-holder's rights to receive a benefit or to perform specified functions.

Aug 1, 2017

By Kiersnerr Gerwin Tacadena

Singapore: Strong interest income boosts UOB's net profit to S$845m

In the past quarter, the group was supported by a robust net interest income, which increased 12% to S$1.36 billion.

Jul 28, 2017

By Kiersnerr Gerwin Tacadena

Singapore: OCBC alerts public on rising phone scams impersonating the bank

OCBC's net profit climbs 22% to S$1.08b in Q2

OCBC CEO said the strong business momentum was achieved across all three business pillars – banking, wealth management and insurance.

Jul 27, 2017

By Kiersnerr Gerwin Tacadena

Singapore SMEs lag on debt repayments

According to the released by the DP Information Group, the percentage of SME debt paid on time fell to just 37 per cent in the second quarter of 2017.

Jul 27, 2017

By Kiersnerr Gerwin Tacadena

Biomed sector boosts Singapore's manufacturing output growth to 13.1%

The ever-strong electronics cluster reflected a 25.5 percent output expansion in June.

Jul 26, 2017

By Kiersnerr Gerwin Tacadena

AI tech to boost Singapore's annual economic growth to 5.4% in 2035

The city-state is even ahead of the largest economies in the globe including the United States, Germany, United Kingdom and Japan.

Jul 22, 2017

By Kiersnerr Gerwin Tacadena

Anthony Scaramucci is Donald Trumps new White House communications director

Wall Street financier Anthony Scaramucci is the new White House communications director. The position has been empty since the resignation of Mike Dubke in May. Scaramucci is a longtime supporter and major donor of Trump, and was a member on his transition team during the 2016 election. Known to his friends as Mooch, Scaramucci has made multiple TV appearances defending Trump during the election, after raising funds for Scott Walker and Jeb Bush during the primaries. Prior to joining Trumps team, Scaramucci was a hedge fund manager, and a longtime Republican party fundraiser. He was a self-proclaimed top fundraiser for Mitt Romney in 2012.

Jul 22, 2017

By Staff Reporter

Incredible air traffic video reveals UKs busy skies

U.K. air traffic controllers expect to handle more than 8,800 flights today (21 July) – the busiest day on record for UK airspace. This graphic animation shows the volume of air traffic over the U.K. in a 24 hour period on June 06, 2017.

Jul 22, 2017

By Staff Reporter