Singapore is collaborating with global partners to amass $5 billion in funding for climate projects focused on Asia, according to Chia Der Jiun, Managing Director at the Monetary Authority of Singapore (MAS), cited by Reuters on Wednesday.
The (...)
Oil retreated from a five-month peak following Israel's announcement of troop withdrawal from Gaza, with traders eyeing upcoming market reports for insights into supply and demand dynamics, according to Bloomberg.
Brent futures plunged up to 2.6 per (...)
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised supplying its refinery with Murban oil in March, shifting the market dynamics, as per a Reuters report citing industry sources and (...)
Privately-owned Chinese firm GCL Holdings is shifting focus back to the natural gas sector, pivoting away from solar energy, according to Reuters.
Amidst a global liquified natural gas (LNG) supply surplus and burgeoning demand in China, GCL aims to (...)
Shein, an online fast-fashion retailer, has more than doubled its profits of $2 billion in 2023 and is awaiting regulatory approval from Beijing for its upcoming listing in New York or London, Financial Times reported on Sunday.
The company recorded (...)
China's import volumes for diesel/gasoil and jet fuel/kerosene stay prominent, while Singapore's middle distillates stockpiles decreased by 2 per cent, Reuters reported on Thursday.
Singapore's decline is for the second consecutive week, with (...)
Egypt's Minister of Foreign Affairs, Sameh Shoukry, hosted Vivian Balakrishnan, the Foreign Minister of Singapore, on March 23rd during his official visit to Egypt spanning the 22nd and 23rd of March.
Central to their discussions were the robust (...)
Blue Carbon initiatives have been on the rise worldwide, yet the demand for carbon credits currently surpasses the supply.
Traditionally, only mangroves, salt marshes, and seagrass meadows are recognized as Blue Carbon ecosystems. However, other (...)
Asia's diesel production margins are under increasing pressure due to an oversupply as major exporters ramp up shipments and fewer cargoes are directed towards Europe due to Red Sea shipping concerns, Reuters reported on Monday.
The profit margin, (...)
Malaysia's ringgit has emerged as one of the strongest performers among Asian currencies this month, providing investors with an added incentive to consider purchasing the nation's bonds, Bloomberg reported.
The currency has shown a notable 0.5 per (...)
Singapore witnessed an 8 per cent increase in middle distillates stockpiles, the highest level since September 2021, as per a Reuters report.
Net exports of diesel-gasoil and jet fuel-kerosene decreased by 98 and 26 per cent, (...)
Singapore-based investor Patience Capital Group (PCG) is considering reopening its $1.42 billion luxury ski project fund in Japan to new investors before the Bank of Japan (BOJ) tightens its policies, Reuters reported on Thursday.
The initial (...)
Iron ore prices continued to decline due to concerns about China's economic outlook, with futures approaching $100 per tonne, a level that could impact higher-cost producers, as reported by Bloomberg on Wednesday.
The commodity dropped over five per (...)
Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude surpassing $78, Bloomberg reported on Tuesday.
This comes ahead of a series of market reports and US inflation data due for release on (...)
A possible tax advantage is motivating US companies like PepsiCo Inc. and International Business Machines Corp. to issue bonds via their Singapore-based subsidiaries, contributing to a historic increase in bond sales from entities based in the (...)
China is willing to collaborate with New Zealand to enhance co-operation in the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Reuters reported on Monday, citing state Commerce Minister.
The (...)
Slowing financial stress on a global scale has made the yen-financed carry trades more attractive. This, however, increases the risk of depreciation for the currency, potentially prompting intervention from Japanese authorities, Bloomberg (...)
Alibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in response to an inquiry from the US Securities and Exchange Commission, Bloomberg reported on Monday.
The company disclosed this information (...)
Singapore's United Overseas Bank (UOB) announced on Thursday that it is reducing its loan growth projections for 2024 to low single-digits, down from mid-single-digits, following a stronger-than-expected 22 per cent increase in net profit for the (...)
The Prime Minister of Thailand Srettha Thavisin requested that the central bank call an emergency meeting of its Monetary Policy Committee to lower interest rates, citing that the country's economy was in a crisis based on the most recent data, (...)
Singapore will compel all departing flights to use sustainable aviation fuel (SAF) starting in 2026, which aligns with the global aviation industry's shift towards greener fuel, the city-state's transport minister announced on Monday, as reported by (...)
Olam Group's Singapore-listed shares saw the biggest jump in nearly 15 years after the commodities trader said that its investigation had turned up no evidence to back up claims of a reported scandal at its Nigerian units, Bloomberg reported on (...)
Sapporo Holdings, a Japanese brewing company, is making a bold move in its significant history by decisively shifting its focus back to the beer business. Sapporo is planning to announce its business portfolio restructuring at the earliest (...)
China's C919, a challenger to Airbus and Boeing's passenger jets, made its first trip outside China territory at the Singapore Airshow on Sunday, Reuters reported.
The narrow-body aircraft is manufactured by the Commercial Aircraft Corporation of (...)
Fuel sales in Singapore, one of the busiest ports in the world, are rising as a result of the Red Sea shipping crisis, as per a Bloomberg report on Thursday.
According to data from the port authority, sales volumes increased by 12 per cent in (...)