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Singapore firm to launch limousine services in Yangon

Singapore-based Strides Transportation signed a joint venture agreement on October 12 in Yangon to provide limousine services in Myanmar’s commercial capital in early 2018. Under the partnership, SMRT Strides Toyotsu Alliance will take 60 percent of stakes in the joint venture, Toyota Tsusho Asia Pacific ( a member of the Toyota Group of Companies) and […]

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Singapore’s August retail sales up 3.5% y-o-y

SINGAPORE retail sales in August rose 3.5 per cent from a year ago, continuing its positive year-on-year growth seen in previous months, based on data released by the Department of Statistics on Thursday. With motor vehicles sales stripped out, retail sales rose 3.7 per cent year on year. Most categories showed better retail takings in […]

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Singapore: MAS seen edging toward tightening policy

[SINGAPORE] Singapore’s central bank is widely seen sticking to a neutral stance on Friday, but it may be moving closer to tightening policy as the economy continues to strengthen. All but one of the 23 economists surveyed by Bloomberg predict the Monetary Authority of Singapore, which uses the exchange rate rather than interest rates as […]

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