SHANGHAI/SINGAPORE (Reuters) – China has opted to keep its benchmark lending rates unchanged at the monthly fixing, aligning with market expectations. This decision comes as a set of economic data suggests that the country’s economy is showing signs of stabilizing, and the pressure of a weaker yuan has restrained further monetary easing. The one-year loan […] Read more
Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors make in the cities they call home. Strolling through Singapore “Attempting to stroll around Singapore […] Read more
The World Economic Forum said Monday that it has canceled a summer version of its annual meeting that was due to take place in Singapore. “Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants combine to make it impossible to realise a […] Read more
Singapore said Tuesday the “double mutant” coronavirus variant first detected in India has been found among locally transmitted cases in the city state. The B.1.617 variant is widely blamed for India’s second wave of infections that has seen total cases surge above 20 million. The World Health Organization classified it as a variant of interest last week. As […] Read more
The rollout of Covid-19 vaccines in Singapore will help the economy to recover — but will not take it back to what it was before the pandemic, the country’s Minister for Foreign Affairs Vivian Balakrishnan said on Thursday. “I think we should talk about a new normal. So yes, there will be recovery in […] Read more
Singaporean Prime Minister Lee Hsien Loong. Photo: dpa The US security presence “remains vital to the Asia-Pacific region,” and China would be unable to take over that role in Southeast Asia even with its increasing military might, Singapore Prime Minister Lee Hsien Loong said. In an article published by Foreign Affairs on Thursday, Lee wrote […] Read more
With the coronavirus pandemiccausing financial markets to tank and a prolonged period of uncertainty ahead, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currenciesreaching an all-time high of S$26.9 billion (US$19.2 billion) in April. In fact, such deposits have been steadily increasing since July, last year, data from […] Read more
