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 […]
Read MoreGo-Jek spokesman Michael Reza Say says the homegrown ride-hailing app will expand its business to Singapore this year, following moves to Vietnam and Thailand. “We will [expand to Singapore] this year, but we can’t give any details about it yet,” he said on Friday as quoted by Tempo. According to its website, the Indonesian ride-hailing […]
Read MoreSingapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses. The Competition and Consumer Commission of Singapore (CCCS) also warned that it may require the companies to unwind the merger depending on whether the remedies […]
Read MoreSINGAPORE: Singapore’s central bank said tail risks to global economic growth have increased “significantly” in the past six months because of a pick-up in inflation and trade tensions. “The world has clearly moved from trade tension to trade conflict,” Ravi Menon, managing director of the Monetary Authority of Singapore, told reporters at the release of […]
Read MoreSINGAPORE – There is euphoria in the Singapore property market, and developers, banks and home buyers should be cautious, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Developers should be cautious when making their land bids, bearing in mind the supply that is coming on-stream, said Mr Menon on Wednesday (July 4). […]
Read MoreSINGAPORE’s economy should continue to expand in 2018 although protectionism risks have risen, said Ravi Menon, Monetary Authority of Singapore managing director. Overall growth in gross domestic product (GDP) is expected to come in at around 2.5–3.5 per cent in 2018, he said. “While the central prognosis for the Singapore economy this year remains intact, […]
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