Singapore core inflation drops for 4th straight month but analysts see strong price pressures ahead

By Claire Huang SINGAPORE – Consumer prices in Singapore rose at a slower pace for a fourth straight month in August, but economists believe the trend could falter if oil prices stay elevated and disruptive weather patterns lead to higher food prices. The analysts also expect policymakers to stay vigilant, but do not see a […]

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Assets seized in Singapore’s money laundering case swell to S$2.4 billion

SINGAPORE, Sept 21 (Reuters) – The total value of assets seized in Singapore’s biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday. The assets now include cash amounting to more than S$76 million, 68 gold bars, cryptocurrencies of more than S$38 million, more than 110 properties and 62 vehicles […]

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Changi Airport will offer passport-free departure clearance from 2024

Singapore : From the first half of 2024, Changi Airport will introduce automated immigration checkpoint clearance for departing travellers from Singapore, utilising biometric data and eliminating the need for passports. The first phase of initiative will eliminate the need for multiple passport and boarding pass checks throughout the boarding process. Instead, QR code scanning will be […]

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Asean summit kicks off in Jakarta with focus on regional economic growth

Jakarta: The 43rd Association of Southeast Asian Nations (Asean) Summit and related summits kicked off in Indonesia’s Jakarta on Tuesday (5 September) with a focus on establishing the region as an epicentre of economic growth. Addressing the opening ceremony, Indonesian President Joko Widodo, whose country is holding the rotating Asean chair this year, urged Asean […]

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Tharman Shanmugaratnam wins Singapore’s presidential election

Singapore: Tharman Shanmugaratnam, an economist of Indian origin, emerged victorious in Singapore’s recent Presidential election, marking the country’s first competitive presidential race since 2011. In this election, Tharman Shanmugaratnam secured a significant mandate with 70.4% of the votes, defeating his two Chinese-origin opponents, Ng Kok Song and Tan Kin Lian, who garnered 15.7% and 13.88% […]

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