Singapore

Oil gains on U.S. crude stocks fall, OPEC comments on slower U.S. shale growth

SINGAPORE (Reuters) - Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.

Prices, however, were capped by mixed signs for oil demand in China, the world’s biggest crude importer, as industrial output rose more slowly than expected in October, but oil refinery throughput hit the second-highest level ever.

Indonesian President Joko Widodo to visit Singapore for Leaders’ Retreat

SINGAPORE, Oct 8 (NNN-CNA) — Indonesian President Joko Widodo will be in Singapore on Tuesday for a two-day visit as part of the Singapore-Indonesia Leaders’ Retreat, said the Prime Minister’s Office (PMO) in a press statement.

This will be Prime Minister Lee Hsien Loong’s fourth Leaders’ Retreat with Widodo, and the first since the Indonesian president’s re-election in May. He will be inaugurated later this month.

Southeast Asia’s Internet economy to hit US$100 billion this year: Report

SINGAPORE, Oct 3 (NNN-AGENCIES) — Southeast Asia’s Internet economy was forecast to grow 39 per cent this year to US$100 billion as millions of people in the region went online to shop for the first time and ride-share firms grew in popularity, an industry report said.

The annual report by Google, Singapore’s state investor Temasek Holdings and global business consultants Bain & Company also lifted its forecast for the region’s growth through 2025 to US$300 billion, from US$240 billion previously.

Oil prices recover after output from U.S., Russia, OPEC drop

SINGAPORE (Reuters) - Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.

December Brent crude futures LCOc1 rose 25 cents, or 0.42% to $59.50 a barrel by 0657 GMT, while U.S. West Texas Intermediate crude CLc1 for November was up 25 cents, or 0.46%, at $54.32 a barrel.

Oil shipping rates soar as U.S. supertanker sanctions rattle crude trade

SINGAPORE (Reuters) - Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

In what the State Department called “one of the largest sanctions actions the U.S. has taken” since curbs were re-imposed on Iran in November last year, two units of COSCO were named alongside other companies in claims of involvement in sanctions-busting shipments of Iranian oil.[

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.

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