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Singapore’s finance sector can support Asian development but risk management also key: Heng Swee Keat

SINGAPORE – Singapore is positioned to support the region’s development by financing infrastructure and enterprise in Asia, including bringing in private capital, said Finance Minister Heng Swee Keat on Friday (July 13). The Republic’s adoption of digital technology can improve transaction efficiency and raise financial inclusion, he added, calling higher access to financial services “a […]

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Singapore Q2 GDP growth slows as trade tensions cloud outlook

SINGAPORE: Singapore’s economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state. Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualised and seasonally adjusted basis, […]

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Singapore retail sales up 0.1% in May

RETAIL sales in Singapore edged up marginally in May, with growth constrained partly by lower motor vehicle sales, according to Thursday’s Department of Statistics release. May’s retail takings were up 0.1 per cent from the same month a year ago, with a total estimated sales value of S$3.8 billion, of which online retail sales contributed 4.3 […]

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Singapore: Grab eyeing the grocery delivery market

SINGAPORE – Singapore-based firm Grab is moving into yet another area – grocery deliveries. The service, called GrabFresh, is a collaboration with regional grocery delivery firm HappyFresh and will allow users to order groceries from within the Grab app. GrabFresh will be available in Jakarta later this month and is expected to be available in […]

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Singapore to seek compensation if rail link cancelled

SINGAPORE: Singapore will seek compensation for all costs incurred if Malaysia cancels a planned multibillion-dollar high-speed railway link between the two countries.  Transport Minister Khaw Boon Wan told parliament yesterday that compensation would be sought under the terms of the 2016 high-speed rail bilateral agreement between Singapore and Malaysia.  “We will deal with the question of […]

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