Indonesia approved as Singapore’s new source of frozen, chilled chicken
Singapore's existing sources include Brazil, Thailand and Australia.
Policy Matters
Amid Covid-19, energy prices, Vietnam’s road to net-zero is bumpy but hopeful
According to an expert, Vietnam’s economy can be rebuilt more effectively based on a green, sustainable basis through post-pandemic recovery policy interventions.
Renewable energy imports can cut emissions, uphold energy security
Singapore's plans to import renewable energy from its neighbours will help to reduce its carbon footprint in a way that will still ensure the nation's energy security.
Bangladesh slashes rice import tariffs to 25%
The move comes in the wake of a spike in the price of rice even during peak harvesting season amid speculation of crop losses from floods and unfavourable weather.
Japan govt to introduce subsidies to trim farm production costs by 10%
The government is also considering curbing the prices of imported wheat it sells to milling companies in October and later.
Myanmar, Russia discuss signing of Economic Cooperation Development Strategy
Union ministers of Myanmar and Russian officials also discussed banking and payments issues between the two countries, as well as investment and trade issues.
Macau shuts most businesses amid Covid-19 outbreak, casinos stay open
Macau’s government relies on casinos for over 80 per cent of its income, with most of the population employed directly or indirectly by the casino industry.
$1.5 billion package launched to help Singaporeans cope with inflation
The package will also provide a $100 utilities credit to every Singaporean household and extend more help to local companies, among other measures.
Hong Kong’s May inflation up 1.2%
Netting out the effects of the government’s one-off relief measures, the year-on-year rate of increase in May was 1.7 per cent, while price drops were seen for gas and water.
Philippine peso hits 54.065 per 1 US dollar, weakest since Oct 2018
The local currency’s continued depreciation further confirms international banks and economic consultancies’ predictions, citing a widening trade deficit.