SINGAPORE – Top manufacturing, the world’s largest medical glove manufacturer, has shut down 20 manufacturing sites in Malaysia after thousands of workers tested positive for Covid-19. As of Wednesday, a total of 2,684 top glove employees – most of them foreign workers – had tested positive, local media quoted senior …
Read More »Singapore publishes third quarter 2020 GDP, economic data
A man in a mask walks in the background on April 1, 2020, walking on Marina Bay Sands in Singapore’s Central Business District. Suhaimi Abdullah | Getty Images SINGAPORE – Singapore’s economy contracted 8.8 percent in the third quarter from a year earlier – better than initial estimates, the country’s …
Read More »Under the Biden administration, the dollar could weaken further, analysts say
SINGAPORE – The US dollar is set to weaken further, amid market opinion that geopolitical risks are dwindling after the election, and analysts say the next stimulus package will be less than expected. Citi Private Bank strategists have further predicted a weaker dollar if the Biden administration reduces uncertainty in …
Read More »ANZ CEO Australia-China Tensions, on Asia’s Diversity
SINGAPORE – More companies are looking to diversify to other parts of Asia instead of focusing on China alone, due to recent tensions with China, said Shyan Elliott, CEO of Australia Australia and New Zealand Banking Group. ANZ – Australia, one of Australia’s largest banks – is in talks with …
Read More »How the ‘travel bubble’ between Hong Kong and Singapore will work
A woman at the departure gate at Hong Kong International Airport. Christian Keenan | Getty Images SINGAPORE – Leisure travel between Hong Kong and Singapore could resume next week as both cities work to establish a bilateral “travel bubble” that will allow passengers to leave the quarantine. Asia’s two largest …
Read More »