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September, 27, 2016

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Business > Asia > Singapore
Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year, according to a World Bank report published Tuesday.
 
Trade-dependent Singapore narrowly avoided a technical recession in the third quarter, official estimates showed Wednesday, but analysts said the city-state's growth outlook remains subdued because of mainland China's slowdown.
 
An umbrella group of local and foreign banks in smog-hit Singapore has urged members to make "sustainable development" part of their lending requirements, stepping up pressure on companies linked to land-clearing fires in Indonesia.
 
Singapore women continue to be under-represented in top management positions, even though they have made strides in education and the broader workforce.
 
Exports of Taiwanese lychees, mangoes and dragon fruit to Japan and South Korea more than doubled this year, thanks to relaxations in those countries' qualification requirements, according to the Bureau of Animal and Plant Health Inspection and Quarantine.
 
Singapore was Myanmar's top overseas investor in 2014, accounting for more than half of the over US$8 billion in total inflow, which had doubled from US$4 billion in 2013.
 
Singapore has won praise for creating a robust environment where intellectual property (IP) rights are protected and enforced.
 
The Singapore Economic Development Board (EDB) expects a more moderate flow of investments this year in line with Singapore's stage of economic development and a more uncertain global environment.
 
Oil extended its "disconcerting" plunge towards six-year lows in Asia Tuesday after Wall Street giant Goldman Sachs lowered its price forecast, adding to concerns about a supply glut and weak demand.
 
Employers in the maritime sector say that foreign applicants often pip Singaporeans to the job because of a sense that they are more willing to work under the tough conditions in the industry.
 
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