Tag: Economy

Elderly cardboard collectors struggle to walk up to 30 minutes after their Chinatown collection point shuts down

Two elderly ladies who collect and sell cardboard for a living spoke about how much harder their jobs became when a collection point at Chinatown was shut down, causing them to have to walk up to 30 minutes more, pushing their heavy trollies, to...

Crunch Brexit talks resume as EU and UK close in on possible text

by Dave CLARK British and European negotiators resumed intense negotiations on a draft Brexit deal Wednesday after late-night talks brought them closer but failed to confirm an elusive breakthrough. News that Britain has softened its stance on the customs status of Northern Ireland in order to clinch...

Indranee Rajah: No recession in Singapore yet, government closely watching

Singapore—Despite the difficulties the country has faced this year due to unstable global conditions, the economy has not entered into a recession quite yet, and the government is keeping a close and watchful eye on it, according to Minister in the Prime Minister's Office...

As US factories falter, White House insists economy like ‘a rock’

by Douglas Gillison After a brief surge during his first years in office, and despite his lofty promises, the American manufacturing rebound has begun to crumble under President Donald Trump. Auto plants and steel mills are shutting down. Companies are announcing layoffs and furloughs. Factory output...

Story of a Malaysian grand mother driving a Grab goes viral in Indonesia

A grandmother from Labuan has resorted to driving Grab to feed her family. Misnah (60) said she is driving a Grab taxi to feed her family. Her husband is suffering from cancer, while her eldest child has special needs and is suffering from a mental disorder. The story was first shared...

Heng Swee Keat: Election ‘is coming nearer each day’

Singapore—In a radio interview with CNA938 on September 27, Friday, that was primarily on the economy but touched on a number of other topics as well, while Deputy Prime Minister Heng Swee Keat did not specify when the next General Election will be, he...

Chan Chun Sing: Foreign talent important because deep tech is the linchpin for future economy

Singapore—In Parliament on Monday, September 2, Trade and Industry Minister Chan Chun Sing said that although the issue of bringing in more foreign talent is a delicate one, the country should not adopt an “inward-looking, protectionist approach” either. Mr Chan acknowledged that because of employment...

Trump aides downplay ‘order’ to US companies to leave China

by Virginie MONTET Donald Trump's top aides on Sunday downplayed the idea of US companies being forced to abandon China any time soon, as an edict from the president ordering businesses to start looking for alternatives has been met with skepticism. Treasury Secretary Steven Mnuchin and White...

Singapore cuts growth outlook as trade war bites

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia's trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking...

China’s answer to Nasdaq set to begin trading

by Dan Martin / Lianchao LAN Trading begins Monday on a new Nasdaq-style technology board in Shanghai that represents one of China's most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks will debut on the Shanghai...