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Search resuls for: "Roslan Rahman"


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☆ Singapore's central bank warns of dim growth in 2023, but expects inflation to be significantly lower by year end
  + stars: | 2023-04-14 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
A staff member counts Singapore dollar currency notes at Raffles Place financial business district in Singapore on October 6, 2022. However, compared with the previous quarter, GDP contracted by 0.7%, the first contraction since the second quarter of 2022. However, it expects that tighter financial conditions globally will lead to an intensified drag on global investment and manufacturing. The MAS said "growth in Singapore's major trading partners will be slower in 2023, below the pace recorded in the previous two years." The MAS expects 2023 GDP growth of between 0.5% and 2.5%, down from the 3.6% growth in 2022.watch nowSingapore's manufacturing sector makes up the largest portion of its GDP, standing at 21.6% of nominal GDP in 2022.
☆ Singapore drops pre-departure requirements for travelers, further eases mask rules
  + stars: | 2023-02-09 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +3 min
Changes to travelAll travelers entering Singapore via air or sea must still to submit a health declaration before or on arrival, said the ministry. In addition to removing the need to show proof of a negative pre-departure test, short-term visitors will also not be required to buy Covid travel insurance. Previously, non-fully vaccinated visitors were required to test negative for Covid within 2 days prior to their departure for Singapore. Singapore opened vaccinated travel lanes in April 2022 to facilitate safe resumption of international travel. Further Covid measures were eased at the end of August, as authorities removed indoor mask requirements and allowed non-fully vaccinated travelers to skip quarantine on arrival.
☆ Sun Cable project: Billionaires' feud over Australia-Singapore cable escalates
  + stars: | 2023-01-18 | by ( Hilary Whiteman | ) edition.cnn.com   time to read: +10 min
The proposed Sun Cable project would see a subsea cable stretch from Darwin to Singapore. A statement from Cannon-Brookes’ private investment arm, Grok Ventures, suggested all investors except Forrest’s investment arm Squadron Energy remain committed to the cable. Tim Buckley, director of Climate Energy Finance, says the export of green hydrogen (hydrogen generated from renewable energy) is at least a decade away. “The market for green hydrogen exports has sort of deflated quite dramatically when people realize there’ll be a decade or two before you can actually ship green hydrogen anywhere overseas,” he said. For example, Xlinks plans to run a cable almost as long and powerful from Morocco to the United Kingdom.
☆ Why Singapore isn't imposing new travel rules on visitors from China
  + stars: | 2023-01-13 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +6 min
watch nowBut he said travel volumes between Singapore and China are "very low" — with fewer than 1,000 people arriving from China daily. "As of now, we run 38 weekly flights from China to Singapore, compared to around 400 flights pre-Covid," he said. Current rules are effectiveSo far, more than a dozen countries have announced new rules for visitors from China. In the same month, seven imported cases became severely ill, and only one was from China, he said. 'We do not discriminate'Ong noted that while some countries are imposing a pre-departure test requirement on visitors from China, Singapore will "not discriminate because severe cases can originate from any country."
☆ The US military is planning for a 'transformative' year in Asia as tensions with China continue to rise
  + stars: | 2022-12-27 | by ( Christopher Woody | ) www.businessinsider.com   time to read: +8 min
Amid rising tensions with China, the US military has sought to bolster its presence in Asia. US forces there may see the "most transformative year" in a generation in 2023, a US official said. Major changes to the US military presence in Asia face logistical and political hurdles, however. Other countries have sought more training with the US military or, in the case of Palau, to host US forces. There are opportunities for the US "to expand its access and deepen relationships" in both Northeast and Southeast Asia, said Thompson, a former US Defense Department official, but US leaders will have to reckon with the limits of those partnerships, especially in Southeast Asia.
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