Business

AI Surge Boosts Singapore’s Growth Projection to 5%

Singapore's economy is poised for a stronger-than-anticipated growth trajectory, with projections now set at 5% for 2026, an increase from the earlier estimate of 3.5%. This optimistic outlook is largely driven by continued robust demand for artificial intelligence (AI), which bolsters the technology sector, as revealed in a survey of 21 economists and analysts. The survey indicated that the most probable growth range lies...

Inspect Fuselages for Cracks, Airlines Directed for Boeing 737 Max

The Federal Aviation Administration (FAA) has issued a directive for operators of Boeing 737 Max airplanes to conduct inspections on a crucial structural part of the fuselage for potential cracks. This mandate, impacting around 471 aircraft, is slated to commence in September. The inspections aim to scrutinize a component referred to as the bear strap, which comprises structural layers that fortify the fuselage near...

Canadian Companies Pledge $2.5 Billion Investment During Marcos’s Visit

Philippine President Ferdinand Marcos Jr. has successfully wrapped up a four-day official visit to Canada, securing $2.5 billion in investment promises from top Canadian...

Singapore, Timor-Leste Enhance Economic Ties and Strengthen Bilateral Collaboration

In a significant move to bolster bilateral ties, Singapore and Timor-Leste have formalized a cooperation framework aimed at enhancing collaboration across various sectors such...

US-Iran Tensions Escalate, Driving Oil Prices Higher Amid Supply Worries

Oil prices saw a modest increase as tensions between the United States and Iran flared up again, raising worries about potential disruptions to energy...

Trump Threatens EU with 100% Tariffs Amid Digital Tax Conflict

President Donald Trump has issued a stark warning to European countries contemplating the introduction of digital services taxes aimed at American tech giants, threatening...

Tech Surge and Oil Drop Propel Asian Markets Upward

Asian stock markets saw gains on Thursday, primarily driven by robust performances in Japan and South Korea. This upswing was largely attributed to a...

Erdoğan, Singapore’s PM Wong Discuss Enhancing Bilateral Cooperation

In a recent meeting, Turkish President Recep Tayyip Erdoğan and Singapore Prime Minister Lawrence Wong focused on enhancing bilateral relations and exchanging insights on...

Stocks Surge as Oil Prices Fall Amid Iran Deal Optimism

U.S. stock markets experienced their most significant single-day surge in two months as oil prices dropped sharply, influenced by potential diplomatic progress between the...

US Considers 12.5% Tariff on Singapore Amid Forced Labor Dispute

Singapore may soon be subjected to a new 12.5% tariff on its exports to the United States, following a trade investigation by the US....

Oil Price Decline Boosts Asian Markets Amid Hopes for Iran Peace

Asian stock markets largely advanced on Monday, buoyed by a sharp drop in oil prices following a statement from US President Donald Trump indicating...

Peso Plummets to New Record Low at 61.75 Against Dollar

The Philippine peso reached a new all-time low on Monday, closing at P61.75 against the US dollar, down by 2.9 centavos from its previous...