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October, 23, 2016

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Business > Asia > Singapore
Singapore's export-driven economy shrank the most in four years in the third quarter, officials said Friday, as manufacturing sharply contracted on weaker global demand.
The wealthy city-state of Singapore -- with its flourishing trade, orderly life and almost non-existent crime -- is hardly a place one would associate with illegal trade. But a new report by a reputed organization reveals that in fact the country has a poor record of preventing just that.
Singapore regulators ordered the closure Tuesday of Falcon Private Bank, citing alleged slack controls for transfers and improper conduct related to 1MDB, an indebted Malaysian state fund.
Singapore on Monday charged two more former private bankers with forgery and failing to report suspicious transactions in cases linked to a major money-laundering scandal involving Malaysian state fund 1MDB.
European plane maker Airbus on Wednesday suffered a fresh blow to its A380 superjumbo program after Singapore Airlines (SIA) said it would not renew the lease on its oldest A380.
They say that money makes the world go round. The idea of getting rich is one subject that is guaranteed to grab plenty of attention.
Singapore multibillion-U.S.-dollar sovereign wealth fund GIC on Thursday reported a substantial dip in returns and warned of "difficult" global investment conditions over the next decade.
Composting comrades: Giving back to the Earth, getting vegetables in return
Will Chua is a civil engineer with three master's degrees who was working in a high-powered job as a manager with the Singapore Economic Development Board before deciding to give it all up and return to Johor Baru -- to get into organic farming.
Singapore state investment giant Temasek Holdings said Thursday its global portfolio suffered its first annual loss since the financial crisis seven years ago, as global stock markets were hit by a series of China-linked routs.
Singapore exports surged in May on increased pharmaceutical and gold shipments as traders seek a safe haven from market turmoil but analysts warned Friday the surprise jump did not indicate a wider economic recovery.
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