EU Moves to Scrutinise Low-Value Imports from Temu and Shein
In a pivotal decision taken on 13 November 2024, EU finance ministers agreed to eliminate the exemption on duty for low-value orders, a move that primarily targets the likes of…
Tag: finance
Thai Deputy Finance Minister Resigns Amid Scam Allegations
BANGKOK: In a startling turn of events, Thailand’s Deputy Finance Minister, Vorapak Tanyawong, resigned on 22 October 2024 amid serious allegations connecting him to a Cambodia-based cyber scam. Having held…
Singapore Police Warn of Rising Scams Involving Livestreams and Impersonation Emails
The Singapore Police Force (SPF) has issued a serious alert regarding increasing scams targeting residents through social media platforms and email impersonation, leading to significant financial losses. Livestream Scams on…
Wall Street’s Rollercoaster: Banking Sector Reacts to Trump’s Tariff Statements
Wall Street’s recent trading sessions have been a wild ride as investors react to shifting economic signals and U.S.-China trade tensions. After a dip on Thursday, the markets bounced back…
Sri Mulyani Indrawati Out as Indonesia’s Finance Minister Amid Protests
Indonesia’s esteemed Finance Minister Sri Mulyani Indrawati was removed from her position on 8 September 2024, marking a significant shift in the country’s economic leadership. This change came as part…
Major Banks, Including DBS, Restrict Travel Amid Middle East Tensions
As tensions escalate between Israel and Iran, several major banks, including Singapore’s DBS, are restricting travel to conflict-affected areas in the Middle East. This move comes in light of a…
Health Concerns and Cultural Events: Singapore’s Latest News Roundup
As Singapore continues to navigate various challenges and celebrate vibrant cultural events, here’s a roundup of the key stories making headlines this week. Severe Skin Reactions Linked to Unregistered Medicines…
Lawrence Wong Set to Unveil Singapore’s 2025 Budget on 18 February
SINGAPORE: Prime Minister Lawrence Wong will present the highly anticipated Budget for 2025 this coming Tuesday, 18 February 2024, at 3.30 pm in Parliament. This marks his inaugural Budget speech…
OCBC and UOB to Support Junior Employees with One-off Payments Amidst Cost-of-Living Pressures
In a bid to alleviate ongoing cost-of-living concerns, Singapore banks OCBC and UOB have announced plans for one-off financial support aimed at their junior employees. This will mark the second…
Poland Advocates for Joint EU Defence Financing Ahead of Presidency
As Poland prepares to take the helm of the European Union’s presidency in January 2024, the country’s Finance Minister Andrzej Domanski has outlined a strategy for boosting common EU financing…
Singapore Upgrades Economic Growth Forecast for 2024 Amid Global Concerns
SINGAPORE — Singapore’s economy has surpassed expectations in the third quarter of 2024, prompting the Government to revise its growth forecast upwards to around 3.5 per cent for the year.…
Government Securities Issuance Limit Raised to S$1.515 Trillion, Says Chee Hong Tat
The Singapore Government is gearing up to issue more Government securities, with a significant new limit set at S$1.515 trillion. This increase is part of a broader strategy to meet…
Singapore-China Ties Strengthened with Vice Premier Ding’s Visit: Key Agreements Signed
In a significant move to bolster bilateral relations, China’s Vice Premier Ding Xuexiang made his inaugural visit to Singapore from 10 to 11 November 2024. This visit coincided with the…
UK’s Rachel Reeves Advocates Pragmatic Trade Relations with China
In a recent statement at the International Monetary Fund and World Bank meetings in Washington, British Finance Minister Rachel Reeves called for a ‘hard-headed, economic realist’ approach to Britain’s trade…