Saturday, February 2nd, 2019


Huat’s up with e-angpows? Banks cash in on trend to roll out creative versions in Singapore

SINGAPORE, Feb 2 — Instead of receiving ‘angpows’ during house visits this year, some people may get Disney characters Mickey and Minnie Mouse delivering an e-angpow (electronic angpow) to their mobile phone. Amid Singapore’s push for a…

Inflation to average between 1.6 to 2.0 per cent in 2019

GEORGE TOWN: Finance Minister Lim Guan Eng expects the country’s inflation rate to average between 1.6 per cent and 2.0 per cent this year due to global uncertainties caused by the trade war between the United States and China. “We are projecting the inflation rate to be around 1.6 per cent for 2019…if the US-China […]

Fed policy turn not good news for Trump as risks mount

WASHINGTON: The Federal Reserve’s policy twist might seem just what the White House ordered, with a hold put on what President Donald Trump termed ‘loco’ interest rate hikes, and an openness to ending the monthly runoff of up to US$50 billion from the US central bank’s balance sheet. But the story the Fed is telling […]

US, China hail major ‘progress’ in trade talks

WASHINGTON: The United States and China said their trade war negotiations resulted in major progress as the clock ticks on a March deadline to avert a massive escalation of tariffs that could bruise the global economy. US President Donald Trump hailed ‘tremendous progress’ and welcomed a ‘beautiful’ letter from his Chinese counterpart Xi Jinping, who […]

Amazon pulls numerous products from India website as new e-commerce rules bite

NEW DELHI/MUMBAI: E-commerce rules that went into effect in India yesterday caused widespread disruption for, forcing it to take down an array of items from its India website including Echo speakers, batteries and floor cleaners. Two sources with direct knowledge of the matter said the products began to disappear from the Amazon India website […]

Factory activity shrinks across Asia as China cools

HONG KONG: Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth. The weak Purchasing Managers Index (PMI) readings reinforce expectations that central banks in Asia will put […]

NGOs say Tokyo 2020 falling short on timber sustainability

SINGAPORE: Seven environmental non-government organizations (NGOs), including the Rainforest Action Network, have accused Tokyo 2020 Olympic organisers of failing to end the use of timber associated with rainforest destruction and human rights abuses. In a statement, the NGOs said they had been left “deeply disappointed” by a recent revision of Tokyo 2020’s timber sourcing policy. […]