Singapore

Oil heading for 7% weekly gain after Saudi attacks

SINGAPORE (Reuters) - Oil prices were on track to jump more than 7% this week, their biggest weekly rise in months, on rising Middle East tensions after a key Saudi Arabian supply hub was knocked out in an attack last weekend.

A Saudi-led coalition launched a military operation north of Yemen’s port city of Hodeidah, as the United States worked with Middle East and European nations to build a coalition to deter Iranian threats after the Saudi attack.

Schools, airports closed as Indonesia fires spark fears for Singapore F1

18 September 2019; AFP: Toxic haze from Indonesian forest fires closed schools and airports across the country and in neighbouring Malaysia Wednesday, while air quality worsened in Singapore just days before the city's Formula One motor race.

Illegal fires to clear land for agriculture are blazing out of control on Sumatra and Borneo islands, with Jakarta deploying thousands of security forces and water-bombing aircraft to tackle them.

India: Singapore eyes over a million visitor arrivals from India in 2019

New Delhi, Sep 15 (PTI) Singapore is looking at continuing the four year trend of having over a million visitor arrivals from India in the current year as it undertakes a number of measures to hard sell the country as a preferred destination.

India is currently the third largest source market for visitor arrivals to Singapore, a senior tourism board official said.

Singapore to ban domestic elephant ivory trade

12 August 2019; DW: From September 2021, Singapore will ban local sales of ivory, removing a key end-market for the valuable material. Some 100 African elephants are estimated to be killed each day by poachers who want their tusks.

Singapore on Monday announced it will ban the domestic sale of ivory from September 2021, closing an important market for poached elephant ivory.

China, Singapore conduct joint exercise on urban counter-terrorism

SINGAPORE, July 27 (Xinhua) -- A bilateral army exercise between the Singapore Armed Forces and the People's Liberation Army of China started here Saturday at Singapore's Jurong Camp with an emphasis on urban counter-terrorism cooperation.

Some 240 personnel from the two sides are participating in Exercise Cooperation which will last till Aug. 5. They will engage in tactical training such as urban rappelling, live firing and surveillance before a combined urban raid.

Singapore returning millions linked to Malaysia scandal

19 July 2019; AFP: Singapore is returning almost $40 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government of Najib Razak, police said.

The city-state is one of several countries that launched probes into allegations that billions of dollars were misappropriated from Malaysian sovereign wealth fund 1MDB in an elaborate ruse that stretched from Asia to the United States.

Asian shares rise on optimism around Trump-Xi meeting

SINGAPORE (AP) — Asian stocks advanced Thursday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week.

Tokyo’s benchmark Nikkei 225 rose 0.8% to 21,262.10 and the Kospi in South Korea climbed 0.9% to 2,139.91. Hong Kong’s Hang Seng was up 0.9% at 28,466.09. The Shanghai Composite jumped 0.7% to 2,995.82 and Australia’s S&P/ASX 200 added 0.1% to 6,644.90. Shares rose in Taiwan and throughout Southeast Asia.

Asian markets mostly edge higher ahead of Fed meeting

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks.

The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong’s Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while Australia’s S&P ASX 200 added 0.4% to 6,559.50. Japan’s benchmark Nikkei 225 lost 0.3% to 21,067.95. Shares rose in Taiwan and Singapore but fell in the Philippines.

Asian shares mixed on jitters over Hong Kong protests

SINGAPORE (AP) — Asian stocks were mixed on Thursday as protesters in Hong Kong vowed to keep opposing a proposed extradition bill they fear would whittle down the Chinese territory’s legal autonomy.

The protests threaten to shake confidence in the hub for many regional and international businesses and investors. Hong Kong’s Hang Seng gave up 0.5% to 27,163.46, extending its losses after closing down 1.7% on Wednesday.

Asian stocks rise as Chinese trade data beats expectations

SINGAPORE (AP) — Asian financial markets advanced Monday after China released better-than-expected trade data for May, though worries remain over trade negotiations between the Washington and Beijing.

Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,552.09 and the Shanghai Composite index was 1% higher at 2,855.77. Japan’s Nikkei 225 advanced 1.1% to 21,111.38, while the Kospi in South Korea rose 0.9% to 2,091.72. Shares rose in Taiwan and throughout Southeast Asia. Australian markets were closed.

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