tvs: TVS SCS extends contract with Rolls-Royce for parts distribution centre in Singapore till 2029

Mumbai: Supply chain firm TVS Supply Chain Solutions on Tuesday announced that its contract with Rolls-Royce for parts distribution centre in Singapore has been extended by five years to 2029. The Singapore facility of the TVS Supply Chain Solutions caters to the Asia Pacific markets of Rolls-Royce power system business unit, according to the company. … Read more

Singapore outbound flights to cost more from 2026 over green fuel requirements

Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022.  Roslan Rahman | Afp | Getty Images Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. All outbound planes will use sustainable aviation fuel (SAF) from … Read more

The Eastern & Oriental luxury train is back — here’s what it costs

After nearly four years, the Eastern & Oriental Express is back on the rails.     The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic.    The luxury train has been operating in Southeast Asia … Read more

2023 GDP revised lower amid manufacturing slowdown

A general view of the skyline of the Singapore Central Business District, the Marina Bay Sands, the ArtScience Museum and the seating platform at Marina Bay on August 1, 2015 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew … Read more

Why the Year of the Dragon doesn’t bode well for China’s declining population

China is unlikely to experience a distinct boost in birth rates this year, largely due to the country’s high youth unemployment and economic turmoil, according to the EIU. D3sign | Moment | Getty Images The Chinese Year of the Dragon is widely perceived in Asia-Pacific to be an auspicious year to have a baby — … Read more

DBS cuts executive pay on banking outages; posts record earnings in 2023

DBS Group Holdings suffered an outage in its digital services on March 29, 2023. Bloomberg | Getty Images SINGAPORE — DBS Group reported record earnings for the full year in 2023, but cut compensation for its senior management to “hold them accountable” for a number of digital disruptions that year. Chief Executive Piyush Gupta received … Read more

Cotton defends pressing TikTok CEO on ties to Chinese Communist Party

Sen. Tom Cotton (R-Ark.) defended pressing TikTok CEO Shou Zi Chew about potential ties to the Chinese Communist Party at a Senate hearing Wednesday. “Singapore, unfortunately, is one of the places in the world that has the highest degree of infiltration and influence by the Chinese Communist Party,” Cotton said on Fox News’s “The Story … Read more

Hunger is India’s ‘biggest problem’ and why millions are still hungry

A labourer works inside a mill of refined wheat flour at Khanna in India’s Punjab state on May 18, 2022. Sajjad Hussain | AFP | Getty Images Rice, wheat, milk and sugarcane — India is among the largest producers of these agricultural commodities, yet millions are still starving in the world’s most populous country. “Hunger … Read more

Singapore’s central bank leaves policy unchanged in first quarterly meeting of 2024

The Merlion statue in Singapore, on Tuesday, Jan. 3, 2023. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Singapore’s central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024. The Monetary Authority of Singapore said it will also maintain its exchange rate policy … Read more

Formula 1’s Singapore Grand Prix Is Caught Up In The Country’s First Ever Corruption Scandal

The Republic of Singapore has long prided itself on being one of the world’s rare anti-corruption havens — but things are changing now in a wild saga that involves Formula 1’s Grand Prix in the city-state. Transport Minister S. Iswaran has resigned after being charged with corruption, CNN reports, and part of that corruption involves … Read more