The majority of the new hires will be based in Hong Kong and Singapore. Citi’s sales in the region exceeded $10 billion last year. Citigroup Inc. intends to hire approximately 3,000 additional employees for its institutional business in Asia as it expands its footprint in the area. According to Citi spokesman James Griffiths, the new … Read more
The city-state will continue to establish playcenters, or smaller business districts. In addition to the main central region, so that more workers can stay closer to home. According to the Urban Redevelopment Authority in a long-term plan released on Monday. Singapore intends to revitalize its business areas with new residential, recreational, and lifestyle initiatives in … Read more
On Friday, Singapore reported 3,830 new cases of COVID-19, increasing the total number of cases to 1,290,046. According to figures issued by the Ministry of Health, 418 new cases were discovered by PCR (polymerase chain reaction) testing and 3,412 through ART (antigen rapid test) tests. There were 404 local transmissions and 14 imported infections among … Read more
Asian stock dropped on Tuesday as investors worried about the impact of China’s Covid-19 restrictions on the world’s second-largest economy, as investment banks lowered their growth forecasts. A strong rally on Wall Street, where the Dow closed 2.0 percent higher, did not carry over to Asia, and Beijing’s announcement of a new round of stimulus … Read more
Asian markets saw a sustained bump Friday following China’s selection to lower a key benchmark rate, injecting optimism amongst traders that it is able to improve the arena’s 2nd-largest economy from its Covid-battered knees. Downcast income reviews from outlets this week have heightened uncertainty in the international markets at a time of growing hobby costs, … Read more
A prominent Muslim preacher from Indonesia was denied entry to Singapore due to extremist teachings officials said, prompting criticism from a top Islamic body in his homeland. Singapore is primarily ethnic Chinese, but it also has a number of minority groups, including Muslims, and authorities take a hard line against anyone who they believe may … Read more
Hong Kong led a rally across Asian markets Tuesday in hopes that China’s economic engine Shanghai will ease its weeks-long lockdown and step by step reopen corporations, although analysts recommended there may be little lengthy-term alleviation. Much of the town of 25 million has been underneath stay-at-domestic orders given that April as Beijing attempts to … Read more
The Indonesian Navy captured a tanker that was transporting palm oil out of the country in contravention of an export restriction according to a spokeswoman. Last week, Indonesia, the world’s largest producer of palm oil, banned its export to control surging domestic prices and shortages. An Indonesian warship intercepted the Singapore-flagged MV Mathu Bhum on … Read more
WELLINGTON: New Zealand welcomed thousands of people from across the world, as the country opened its borders to visitors from approximately 60 countries, including the United States, the United Kingdom, and Singapore, for the first time since Covid-19 struck in early 2020. As the first aircraft from Los Angeles and San Francisco arrived in Auckland, … Read more
Singapore must prepare for more economic challenges as inflation will remain high and central banks are tightening policies, Prime Minister Lee Hsien Loong said, warning that the world may face a recession next year. Russia’s war on Ukraine has clouded the outlook for Singapore’s post-Covid recovery on which the nation was “cautiously optimistic” at the … Read more
A Malaysian man facing execution in Singapore for drug trafficking was granted a stay of execution on Thursday, according to campaigners, a day after the hanging of a prompted outrage. Datchinamurthy Kataiah was scheduled to be hanged on Friday after several years on death row in the city-state, which has some of the world’s toughest … Read more
According to his relatives, a mentally challenged Malaysian man was killed in Singapore on Wednesday after losing a protracted legal struggle and despite international condemnation and clemency petitions. Nagaenthran K. Dharmalingam was caught in 2009 for smuggling a minor amount of heroin into the city-state, which has some of the strictest drug prohibitions in the … Read more
A Malaysian drug smuggler was executed by a Singapore court, his sister revealed. Nagaenthran Dharmalingam has been sentenced to death for more than a decade for attempting to smuggle three teaspoons of heroin into Singapore. His case was particularly contentious because a medical expert determined he had an IQ of 69, which implies an intellectual … Read more
A Malaysian man convicted of drug trafficking was executed in Singapore on Wednesday, despite his family’s appeals for clemency on the grounds that he had an intellectual handicap. Nagaenthran Dharmalingam, 34, had been on death row for more than a decade for smuggling 44 grams (1.5 oz) of heroin into Singapore, which has some of … Read more
Jakarta: Indonesia’s president announced the restriction on palm oil exports Friday, citing a lack of the product’s cooking oil. It has been running out of palm oil since November as farmers resort to exports to profit from global price increases. Authorities, fearing societal unrest, have sought to secure supplies. “The government will prohibit the export … Read more
Singapore’s Changi prison plans to execute an Indian-origin Malaysian man with a mental handicap on Wednesday after losing a final appeal, according to a media report. Singapore law mandates the death penalty for trafficking 42.72 grams of heroin, which Nagaenthran Dharmalingam, 34, was found guilty of in 2009. M. Ravi, Dharmalingam’s former lawyer in Singapore, … Read more
A mentally challenged Malaysian man will be hung in Singapore next week after losing a last-ditch appeal, his sister said Wednesday, despite widespread worldwide outrage over his plight. Nagaenthran K. Dharmalingam was apprehended in 2009 for attempting to smuggle a minor quantity of heroin into the city-state, which has among of the strictest drug prohibitions … Read more
SINGAPORE: Singapore Prime Minister Lee Hsien Loong announced on Saturday that Finance Minister Lawrence Wong will take over as the city-next state’s leader. According to a party announcement on Thursday, Wong has been selected as the leader of the PAP’s so-called fourth-generation (4G) team, paving the way for him to become the city’s next prime … Read more
Asian and European markets were down Tuesday, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the trading day. Tokyo closed down by nearly 2 percent, though Hong Kong was up more than one percent by the end of trade day. Shanghai also posted gains, … Read more
The Russian Grand Prix is anticipated to be cancelled, while Singapore looks forward to taking over and hosting the F1 race once again in September. F1 has proclaimed the cancellation of the event, beholding the situation of Russia’s invasion of Ukraine, which was originally scheduled to be held on 25th September in Sochi. They have … Read more
Canada is one of several nations and territories on Russia’s list of “unfriendly countries” for whom sanctions are being imposed as a result of the country’s involvement in the Ukraine conflict. According to the Russian government, the list, which was posted on its official website and distributed through state media, comprises nations that have imposed … Read more
HONG KONG – Asian markets mostly fell again Tuesday as investors try to assess the economic impact of the Ukraine war, while oil prices extended gains after rocketing to a near 14-year high. As Russia’s invasion of its neighbour continues, commodity prices have been sent to record or multi-year highs, forcing observers to re-evaluate their outlook … Read more
HONG KONG – Rivals Singapore and Hong Kong have become pandemic polar opposites, the former opting to live with the coronavirus and reopen to the world while the latter doubles down on zero-Covid and its international isolation. For decades the two cities have jostled to be Asia’s premier international business hub, offering low taxes, dependable … Read more
HONG KONG: Overflowing hospitals, empty supermarket shelves and grim quarantine camps — Hong Kong is in chaos battling a ballooning Covid outbreak in a business hub once renowned for its efficiency. Many locals are fuming at the government’s failure to prepare after winning rare breathing room with two years of an economically painful but largely … Read more
SINGAPORE – Singapore reported 13,544 new confirmed cases of COVID-19 on Monday, bringing the total tally to 724,424. Of the new cases, 1,973 cases were detected through PC+R (polymerase chain reaction) tests and 11,571 through ARTs (antigen rapid tests), according to statistics released by the Ministry of Health. Among the PCR cases, 1,907 were local … Read more
SINGAPORE: Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover. The event, which takes place every two years and kicks off on Tuesday, brings together hundreds of airlines, plane manufacturers and other … Read more
TOKYO – Japanese drinks giant Kirin said Monday it would withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s coup. With international pressure building against the military since it ousted and detained civilian leader Aung San Suu Kyi and waged a widespread crackdown on … Read more
RB Capital, controlled by Kishin RK and his father Raj Kumar, has picked IHG Hotels to manage its hotel in Farrer Park at the heart of Singapore’s Little India district, betting on a robust recovery in the tourism industry that was among the hardest hit by pandemic-induced travel restrictions. Previously managed by Singapore-based Park Hotel … Read more
