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May 24, 2017

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Business > Asia > Singapore
Unemployment in Singapore has risen and could rise further, as some sectors of the economy continue to struggle, Manpower Minister Lim Swee Say said yesterday.
 
TTL seeking contract for instant noodle production in Singapore
Taiwan Tobacco and Liquor Corp. (TTL, 台酒) said Monday that it is planning to seek a contract manufacturer to produce its popular instant noodle line in Singapore.
 
Singapore on Monday banned a former Goldman Sachs banker from working in the city-state's financial industry for 10 years after he was linked to a corruption scandal involving Malaysian state fund 1MDB.
 
Singapore's trade-driven economy rose faster than thought in 2016 but concerns over a "lack of clarity" on U.S. President Donald Trump's policies could hit growth this year, the government said Friday.
 
Singapore's trade-driven economy grew 1.8 percent last year, the slowest pace since the global financial crisis in 2009, after dodging a technical recession in the fourth quarter, official data showed Tuesday.
 
Singapore economy expected to grow 1% to 3% this year: PM
Singapore's economy is expected to have grown by more than 1 percent last year, lower than initial forecasts, Prime Minister Lee Hsien Loong said yesterday.
 
Singapore sovereign wealth fund GIC will pay close to US$60 million for a 50 percent stake in a leisure and dining development in Britain, a joint statement said on Friday.
 
Singapore inflation flat in November
Singapore's longest spell of negative inflation finally came to an end last month on the back of gradually recovering commodity prices and brighter prospects for global growth in the coming year.
 
Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.
 
Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency bitcoin, the city-state's central bank chief said Wednesday.
 
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