Economy
Singapore becomes cruise capital of the world in COVID-hit year: STB
Singapore News: According to the Singapore Tourism Board (STB), Singapore currently accounts for a third of the world's cruises, owing to...
Singapore economy shrinks by record 5.8 % in COVID-hit 2020: MTI report
Singapore’s economy contracted a record 5.8 per cent in a pandemic-hit 2020, according to statistics from the Singapore Ministry of Trade...
Indian economy set to overtake UK by 2025, become world's third largest by 2030: Report
India, despite being one of the worst affected countries due to coronavirus, will become the world's fifth-largest economy by 2025 and the...
China gaining on US, India fourth in Asian power index, says report
According to a report on division of national influences in the Asia-Pacific, China is closing in on the US as the most powerful country in...
World Bank allotts USD 12 bn to make COVID-19 vaccines more accessible
The World Bank announced that it has approved USD 12 billion in financing to help developing countries buy and distribute coronavirus...
Singapore's economy contracted 7% in 3rd quarter of 2020
Singapore's GDP contracted 7 per cent on a year-on-year basis in the third quarter of 2020.
Supreme Court ruling sets stage for adoption of Bitcoin economy in India
The idea of making transactions with various types of cryptocurrencies has taken the world by storm. However, it presents its own set of...
India becoming one of the leading attractions for foreign investment: PM Modi in USISPF speech
Indian Prime Minister Narendra Modi said 1.3 billion Indians have embarked on one mission - to create an "Atmanirbhar Bharat", which seeks...
US-India trade deal almost ready to be finalised: Indian Commerce Minister Piyush Goyal
The "whole package" of the US-India trade deal is almost ready and it can be finalised when the local political situation in the United...
Singapore government extends COVID-19 salary support for companies to March 2021
Minister for Finance Heng Swee Keat announced continued COVID-19 support measures for workers and jobs announced in a ministerial statement...
Singapore narrows GDP growth forecast for 2020, to shrink by 5-7%
Singapore's Ministry of Trade and Industry (MTI) has narrowed the country's GDP growth forecast for 2020, from –4 to –7 per cent, to...
FICCI calls for foreign air travel, opening of tourism sector in Unlock 3.0
The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested the Indian government allow international flight services...
Indians abroad can play big role in making nation self-reliant, says Defense MoS Shripad Naik
Addressing a virtual seminar on ‘Atmanirbhar Bharat’ organised by the Jaipur Foot USA, Indian Minister of State for Defence Shripad...
Relationship with India is only getting stronger, says US Secretary of State
United States Secretary of State Mike Pompeo reiterated the Trump Administration's message to ally with India, stating that New Delhi is an...
Singapore launches 7 innovation challenges to overcome COVID-19 impact
Singapore has launched a series of seven National Innovation Challenges (NICs) to accelerate innovation efforts and help enterprises develop...
Long term economic recovery from COVID-19 will be weak and gradual: MAS Ravi Menon
While a strong short-term growth bounce from the impact of the VODI-19 pandemic is plausible, the longer term recovery is likely to be weak...
Specify 'country of origin' of products, Amazon India tells sellers
Amazon India yesterday announced that it will introduce “country of origin” as a mandatory attribute in its category listings.
"Challenging" road to economic recovery lies ahead, says trade minister Chan Chun Sing
Singapore is expected to have a "slow and uneven journey" towards economic recovery, said trade minister Chan Chun Sing.
Singapore's GDP contracted 12.6% in 2020Q2
Singapore's economy contracted by 12.6 per cent on a year-on-year basis in the second quarter of 2020, based on advance estimates, said...
Google's Sundar Pichai announces USD 10 bn investment in India's digital economy sector
Google and Alphabet's Indian-origin CEO Sundar Pichai at the company’s sixth edition of Google for India event announced a ‘Google for...
India set to play leading role in post-COVID revival: PM Modi
Indian Prime Minister Narendra Modi encouraged global companies to invest in India and reiterated his call for a “self-sustaining and...
UKIBC appoints Indian-origin Jayant Krishna as new CEO
The UK India Business Council has announced that Jayant Krishna has accepted the invitation of the Board to become its new Group Chief...
Singapore economy expected to shrink 5.8% in 2020: MAS survey
GDP growth is expected to recover to 4.8 per cent in 2021.
US looking into new supply chains with India, other nations excluding China
As part of the fallout from the ongoing COVID-19 pandemic, the Trump administration is “turbocharging” an initiative to remove global...
Singapore to enter recession this year: MAS
The Singapore economy had contracted by 2.2 per cent year-on-year in Q1 2020.