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.

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.

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.

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 to get back into business.

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 to the various risks and opportunities posed by climate change and the emergence of the low-carbon economy, and its key climate change metrics and targets.

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.

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 Corp. hired away a key executive at Advanced Micro Devices Inc. to run its new graphics chip business.

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 and competencies.

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.

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 a tweet early Sunday to his 28 million followers.

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