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.
Plans are underway to erect Changi Airport's biggest passenger terminal, even as key questions remain unanswered.
Shares in Taiwan closed higher Wednesday on the back of strong buying in large-cap stocks, in particular in the bellwether electronics sector, as investors took cues from the gains posted by high-tech stocks on Wall Street overnight to place buying orders, dealers said.
Lauding the Taipei metro system for its reliability, Singapore Transport Minister Khaw Boon Wan urged rail operators SBS Transit and SMRT to emulate its example.
Taiwan's food and beverage sector posted a record for quarterly sales in the first quarter despite a weak economy, backed by the launch of new restaurant brands and a growing focus on leisure, the Ministry of Economic Affairs (MOEA) said.
A Taiwanese research team has developed a technique for breeding the Atlantic salmon and estimates that it will help meet local demand for the fish within three years, Fisheries Agency Director-General Tsay Tzu-yaw announced Wednesday.
Singapore announced a shock loosening of monetary policy Thursday to kickstart the stuttering economy, as it forecast a slower growth outlook this year and analysts warned of a possible recession.
With a gloomy outlook predicted for Singapore's manufacturing sector, business players from the city-state are looking for opportunities to team up with their counterparts from Indonesia in an effort to survive the ongoing economic slowdown.
The Bureau of Foreign Trade (BOFT) has been setting up different industry cluster platforms in the cloud to further promote Taiwan's exports, BOFT officials said.
Singapore has moved quickly to sign an investment treaty with oil-rich Iran to support Singapore firms investing in an economy that is emerging after the recent lifting of global sanctions.