Country: Singapore
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Singapore Downgrades Growth Forecast Amid U.S.-China Trade War
Singapore on Monday downgraded its economic growth forecast for this year, the government said, as the trade-dependent nation braces for the effects of sweeping U.S. tariffs and the U.S.-China trade war. Although President Donald Trump imposed the baseline 10 percent tariffs ...
China and the New World Trade War
U.S. President Donald Trump insisted on Monday that he will not back down from his massive tariff campaign that he launched last week and even promised to impose even higher duties on Chinese goods in response to Beijing's 34% tariff retaliation ...
Singapore Probes Final Destination of Possible Nvidia Chip Servers
Servers that may contain AI-powering Nvidia chips shipped from the United States to Singapore ended up in Malaysia, but their actual final destination remains a mystery, the city-state's interior minister said Monday. The United States is cracking down on exports of ...
Asian Markets Climb on China Fiscal Hopes Against Trump Tariffs
Asian markets climbed on Monday in hopes that China would announce a huge stimulus package to help offset U.S. President Donald Trump's looming tariffs on Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting ...
Singapore’s Defense Chief: To Asia, the U.S. Has Shifted from Liberator to ‘Landlord Seeking Rent‘
Singapore’s defense chief, Ng Eng Hen, highlighted Asia’s shifting view of the U.S. during a roundtable at the Munich Security Conference. Eng Hen said that once seen as a force of “moral legitimacy” following World War II, Asia now views the ...
[WEEK IN REVIEW] Who Gets to Tell the China-Africa Story?
Chinese engagement in Africa is seen by many people as a classic example of neo-colonial exploitation. China, according to the narrative, is merely the latest in a long line of predatory foreigners seeking to drain the continent's vast reserves of oil, ...
BYD Tops Singapore’s Car Market in 2024, Surpassing Toyota as EV Sales Surge
BYD (Build Your Dreams) has become Singapore’s top-selling car brand, surpassing Toyota for the first time in 2024. The Chinese electric vehicle (EV) giant registered 6,191 cars, a 337% increase from 2023, when it sold 1,416 cars.
Malaysia’s Anwar Says Don’t Single out China in Sea Tensions
There will always be border disputes in Asia, and China should not be singled out because of tensions in the South China Sea, Malaysian Prime Minister Anwar Ibrahim said Wednesday. Speaking at the World Economic Forum in Davos, Switzerland, Anwar said ...
Asian Ride-Hailing Grab and Chinese EV BYD to Deploy 50,000 EVs Across SE Asia
In a move that could reshape Southeast Asia’s electric vehicle (EV) landscape, ride-hailing giant Grab has teamed up with China’s BYD to deploy up to 50,000 EVs across six countries. The partnership, announced on Wednesday, targets the financial and logistical ...
Thailand’s Record Investment Boom: How China and Tech are Shaping the Future
Thailand reached a significant milestone in 2024, attracting $33 billion in investment applications, the highest in a decade. China played a key role in this growth, supporting 810 projects worth $5 billion and strengthening its presence in Southeast Asia’s evolving economy.
‘Once-in-a-Lifetime’: Fans Revel China-India Chess Showdown
By Martin Abbugao In a large room separated from spectators by a one-way glass panel, two chess combatants Wednesday faced each other in a silent battle of cunning, calculation and patience. World chess champion Ding ...
Singapore State Investor Temasek Focuses on U.S. After China ‘Underperformance’
Singapore state investor Temasek, one of the world's top funds, said on Tuesday it would prioritize investments in the United States after the "underperformance" of Chinese capital markets over the past year. Temasek said its net portfolio value rose 1.8% in ...