policy

How CapitaLand's latest acquisition could implicate our nation's coffers
SINGAPORE (Jan 18): CapitaLand’s acquisition of two subsidiaries of Ascendas-Singbridge (ASB) is a pretty sweet deal for Temasek. The Singaporean state investment arm is enlarging its stake in CapitaLand – specifically from 40.8% to about 51% – at a time when shares in the integrated property developer are trading at depressed levels. With the ASB units under its belly, CapitaLand ...
How Singapore property could turn on an election: Andy Mukherjee
SINGAPORE (Nov 30): Singapore is getting ready for polls. Because a single party has ruled uninterrupted since 1959, the real importance of the next election lies in the rare leadership transition that will take place afterwards. Finance Minister Heng Swee Keat’s well-choreographed elevation as the city-state’s fourth prime minister is expected to signal policy ...
Singapore assessing 2019 forecasts with trade war risks in view
SINGAPORE (Nov 5): Singapore may need to review its economic growth projections for next year as a trade spat between the world’s two biggest economies increases uncertainty and crimps business investment, the city state’s finance minister said. “In the short run, the impact is not fully felt yet," with Singapore retaining its growth forecast for this year at 2.5% to 3.5%, Heng Swee Keat ...
Trump to make personal appeal to Republicans on his ZTE deal
WASHINGTON (June 19): The US Senate passed legislation on Monday evening that would restore penalties on the Chinese telecom giant ZTE Corp., complicating President Donald Trump’s efforts to ease sanctions on the company. The bipartisan measure, part of a defense bill, passed 85-10 and came two days before Trump was to host Republican members of Congress to discuss ways that would allow ZTE ...
Sembcorp launches new Climate Change Strategy; pledges to reduce emissions
SINGAPORE (Mar 29): Sembcorp Industries today announced the launch of its new Climate Change Strategy, which is guided by the recommendations of the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD). The strategy guide, which spans nearly 20 pages, outlines what the group sees as key drivers of the energy transition, how the company evaluates and responds ...
The biggest threats to China's economy in 2018
BEIJING (Jan 2): China starts three years of " critical battles" against debt, poverty and pollution in 2018 as policy makers also face rising US interest rates, renewed trade-war threats, and nuclear saber-rattling from North Korea. While the nation is starting from a position of greater strength, with full-year expansion in 2017 poised for its first acceleration since 2010, the ...
Stocks, dollar fall on Senate tax plan concerns
WASHINGTON (Nov 10): US stocks stumbled Thursday, with losses widening after the Senate revealed that its tax plan would delay cuts to the corporate rate until 2019. Treasuries turned higher and the dollar extended losses. All major US equity gauges fell, with selling heaviest in technology shares that had been on a 10-day surge. Semiconductor stocks tumbled after Intel ...
MAS to loosen regulatory barriers for banks carrying on permissible non-financial businesses
SINGAPORE (June 28): The Monetary Authority of Singapore (MAS) on Tuesday announced its intention to streamline existing the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses. Specifically, adjustments will be made to the anti-commingling framework which was introduced in 2001 to ensure that banks remained focused on their core businesses ...
House passes Obamacare repeal in razor-thin GOP victory
WASHINGTON (May 5): House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace Obamacare under intense pressure from President Donald Trump to produce legislative accomplishments. The 217-213 vote sends the American Health Care Act to the Senate, where it has little ...
Trump ties China currency decision to help with North Korea
WASHINGTON (April 17): President Donald Trump explained the decision to not label China a currency manipulator, which reversed a promise he made during the election campaign, as a function of receiving Beijing’s help in reining in North Korea. “Why would I call China a currency manipulator when they are working with us on the North Korean problem? We will see what happens!” Trump said in ...