Singapore

Philippines braces for another cyclone, after typhoon kills 20
22Nov By Team FPNo Comments
Singapore, World

Philippines braces for another cyclone, after typhoon kills 20

MANILA: Philippines' President Rodrigo Duterte on Monday (Nov 2) warned of another potentially damaging cyclone approaching the country, as the death toll from the world's strongest typhoon of the year rose to 20. Typhoon Goni, which battered provinces south of the capital Manila on Sunday with gusts of up to 310kmh, is the 18th to hit the Philippines this year and one of the strongest typhoons since Haiyan killed more than 6,300 people in 2013. The country's disaster agency on Monday said 20 people had been killed in Albay and Catanduane provinces, up from the 16 it had previously reported. Officials said a forcible evacuation of more than 345,000 people had averted more deaths. The remains of a truck submerged in mudflow from Mayon Volcano triggered by heavy rains from Typhoon Gon...
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Japan hopes RCEP deal pushes Biden and U.S. to rejoin trade frameworks
17Nov By Team FPNo Comments
Asia, China, Singapore, World

Japan hopes RCEP deal pushes Biden and U.S. to rejoin trade frameworks

The long-awaited free trade agreement signed Sunday between 15 Asia-Pacific countries after eight years of talks reflect their determination to strengthen economic unity and promote free trade, regardless of political differences, as questions loom over how U.S. President-elect Joe Biden will engage with the region. Japan hopes the Regional Comprehensive Economic Partnership, which includes China and South Korea and represents 30% of the world’s trade and population, will encourage the United States to return to a multilateral trade framework. “Regarding RCEP, it may create discussions in the United States, such as ‘is it okay that we are sitting out when a free trade network is created in the Indo-Pacific?'” a senior Japanese diplomat said. The Trans-Pacific Partnership had been promot...
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PM Lee says Singapore to contribute US$100,000 to COVID-19 ASEAN fund, hails RCEP signing as ‘major achievement’
16Nov By Team FPNo Comments
China, Singapore, World

PM Lee says Singapore to contribute US$100,000 to COVID-19 ASEAN fund, hails RCEP signing as ‘major achievement’

related media assets (image or videos) available. Click to see the gallery. 2 related media assets (image or videos) available. Click to see the gallery. SINGAPORE: Singapore will contribute US$100,000 to the COVID-19 ASEAN Response Fund as the region continues to work together to combat the pandemic, Prime Minister Lee Hsien Loong said on Thursday (Nov 12). Speaking at the ASEAN Summit, which is being held via video conference, Mr Lee also called the signing of the Regional Comprehensive Economic Partnership (RCEP) later in the week a “major achievement”. “The RCEP affirms ASEAN’s collective commitment to economic integration and to an inclusive, open and rules-based multilateral trading system,” Mr Lee said. The trade pact includes the 10-member ASEAN bloc, along with Chin...
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Australia may open borders to Asia as it records third day without local COVID-19 case
14Nov By Team FPNo Comments
Asia, China, Singapore, World

Australia may open borders to Asia as it records third day without local COVID-19 case

SYDNEY: Australia is considering opening its borders to Asian countries, including parts of China, Prime Minister Scott Morrison said on Tuesday (Nov 10), as Canberra seeks to revive an economy ravaged by COVID-19. Australia in March shut its borders to all non-citizens and permanent residents, though in October, Canberra allowed New Zealand residents to enter. Internal travel is limited, although those restrictions are scheduled to be removed by the end of the year. Morrison ruled out entry from the United States or Europe, but said Australia may allow people from low-risk places such as Taiwan, Japan, Singapore and even provinces in China. "We ... are looking at what alternative arrangements could be had to channel visitors through appropriate quarantine arrangements for low-risk ...
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Malaysia says aviation firms may need three years to recover from COVID-19
12Nov By Team FPNo Comments
Asia, Market, Singapore, World

Malaysia says aviation firms may need three years to recover from COVID-19

KUALA LUMPUR: Airlines in Malaysia could take three years to bounce back from the COVID-19 pandemic, depending on the outbreak in the country and abroad, the transport ministry said. Transport Minister Wee Ka Siong said earlier this week that in the Malaysian Aviation Commission's (MAVCOM) revised projections for passenger traffic this year, it expects passenger numbers to shrink as much as 75.6 per cent to 26.6 million, compared with the 109.2 million passengers recorded in 2019. "In this regard, airlines are expected to need a period of three years to fully recover the situation from the impact of the COVID-19 epidemic, subject to the of the outbreak in the country and abroad," Wee said in a written parliamentary reply dated Monday (Nov 9). Airlines globally have taken a hit from ...
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Japan eases COVID-19 travel curbs for China, eight others
8Nov By Team FPNo Comments
Asia, China, Singapore, World

Japan eases COVID-19 travel curbs for China, eight others

TOKYO: Japan has eased travel curbs for China, Australia, South Korea and six other countries and regions, Foreign Minister Toshimitsu Motegi said on Friday (Oct 30), as Tokyo steps up efforts to revive its economy while preventing the spread of COVID-19. Japan lowered its infection risk advisory level for Thailand, Singapore, Taiwan, New Zealand, Brunei and Vietnam, besides China, South Korea and Australia, to 2 from 3, telling its citizens to avoid non-urgent, non-essential trips. Under the infection risk advisory level of 3, the public are instructed not to take any trips. Singapore and Japan launched a reciprocal green lane to facilitate short-term essential business and official travel between the two countries on Sep 18. The business track will allow the safe resumption of cr...
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Borrowers to get more time to repay loans as MAS extends financial relief measures
5Nov By Desk TeamNo Comments
Asia, Singapore, World

Borrowers to get more time to repay loans as MAS extends financial relief measures

SINGAPORE: With many borrowers expected to continue to face financial issues amid a prolonged COVID-19 pandemic, the Monetary Authority of Singapore (MAS) is extending its support measures for various groups of borrowers, including allowing those with property loans to apply to temporarily reduce their monthly instalment payments. Those with renovation and student loans may also opt for a longer repayment period, while small- and medium-sized enterprises (SMEs) will get to partially defer principal payments for some loans and receive customised restructuring options. These were announced by the MAS on Monday (Oct 5) as the clock ticks down to the end of the relief measures on Dec 31 this year. Since April, companies and individuals hurt by the pandemic have been able to request to d...
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Trump vs Biden: Potential implications for investors
3Nov By Desk TeamNo Comments
Asia, China, Market, Singapore, World

Trump vs Biden: Potential implications for investors

As the clock ticks down to the US presidential election, Money Mind looks into the potential impact of a Trump or Biden victory, and what this means for investors. SINGAPORE: As the clock ticks down to the US presidential election on Nov 3, the intensity of the contest between Republican President Donald Trump and Democratic challenger Joe Biden is rising. For investors, the anticipation of the outcome has led to some wild rides in the markets. A survey conducted by wealth management firm UBS in September found that investors favoured Mr Trump for economic direction and job growth. However, Mr Biden was their pick to manage the COVID-19 downturn, foreign policy, and healthcare. Over the past month, much has happened. From a first presidential debate that some have called disastrous...
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New 3.5km path linking Changi Airport and East Coast Park opens, featuring dinosaur exhibits
1Nov By Desk TeamNo Comments
Singapore, World

New 3.5km path linking Changi Airport and East Coast Park opens, featuring dinosaur exhibits

related media assets (image or videos) available. Click to see the gallery. 2 related media assets (image or videos) available. Click to see the gallery. SINGAPORE: Here’s another one to add to your list of day trips – 22 "life-sized" dinosaur models along the Changi Airport Connector, a new 3.5km path that links the airport to East Coast Park. The cycling and walking path, which starts at Terminal 2, opened on Sunday (Oct 11). It runs parallel to offices providing ground handling services, Terminal 4 and Tanah Merah Country Club. The Changi Jurassic Mile – a permanent outdoor display of 22 dinosaurs from nine species – is located between the Terminal 4 pit stop and the entrance to East Coast Park. Information panels have been put up to educate visitors about these prehistor...
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Commentary: Hong Kong and Singapore air travel bubble could be a game-changer
1Nov By Desk TeamNo Comments
Asia, China, Market, Singapore, World

Commentary: Hong Kong and Singapore air travel bubble could be a game-changer

The air travel bubble between both countries is a landmark agreement that signals the start of a gradual recovery for Asia’s international passenger traffic, says Brendan Sobie. SINGAPORE: The air travel bubble announced by Hong Kong and Singapore on Oct 15 marks the first significant positive development in several months for both aviation hubs, Singapore Airlines (SIA) as well as Cathay Pacific. Both the Changi Airport and Hong Kong International Airport (HKIA) are currently at about 1.5 per cent of normal passenger traffic levels. Passenger traffic at SIA Group and Cathay Pacific Group are at even lower levels – down almost 99 per cent in recent months. Traffic has been essentially stalled at the current paltry level for the last three months, following a very slight uptic...
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