Singapore could face 12.5% US tariff after forced labour trade probe
The Ministry of Trade and Industry had said there was no evidence that Singapore exported goods made with forced labour to the US.
Ovais Subhani
LNG supply crunch worsening for Singapore and Asia, as signalled by string of force majeure notices
Hostilities in the Middle East have effectively closed the Strait of Hormuz waterway that connects the Persian Gulf to the Indian Ocean and handles a fifth of the world’s oil…
Oil prices surge 13% in first trades after start of US-Iran conflict
Brent crude, a key global benchmark for oil prices, surged as high as US$82.37 per barrel in early trade, the highest since January 2025.
Singapore retains lowest-tariff edge in Asia even as US court ruling narrows the gap
Tariffs on China – the world’s biggest exporter and the region’s largest economy – will decline to 24 percent from 32 percent. Within the rest of Asia, tariff reductions…
Singapore lifts 2026 growth forecast to 2%-4% on AI outlook after economy outperforms in 2025
The Ministry of Trade and Industry said 2025 growth was mainly driven by the manufacturing, wholesale trade, and finance and insurance sectors.
Economists cut Singapore’s 2025 growth forecast to 1.7% on geopolitical and trade tensions
The downgrade shows increased conviction among economists that Singapore’s economy will slow quite sharply from the 4.4 per cent growth clocked in 2024.
‘Positive start’: Analysts upbeat on surprise US-China tariff deal
Under the deal announced on May 12, which will last for 90 days, US exports to China will see tariffs reduced to 10 percent from 125 percent, while tariffs on Chinese exports to…
ASEAN, Australia and New Zealand’s upgraded free trade area deal enters into force
The agreement is seen to enhance business opportunities across a free trade area of over 703 million people, with a combined gross domestic product of more than US$5.6 trillion…
Singapore stocks see biggest drop since 2008 global financial crisis as STI plunges 7.5%
Across the whole market, 612 stocks fell while 137 rose. Trading volume was very heavy, with $4.2 billion worth of shares changing hands, nearly three times February’s daily…
Singapore to collaborate with US businesses amid rising protectionism, says DPM Gan
Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong told the American Chamber of Commerce in Singapore (AmChamSG) on March 13 that the two countries must work…