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Shell Says Electric Vehicles Will Be Crucial in Its Efforts to Lower Carbon Emissions
Huibert Vigeveno, downstream director at Shell, said the company intends to grow its global electric vehicle charging stations network worldwide.
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IMF Warns of a Weaker Economic Recovery in Southeast Asia as Covid Restrictions Linger
The IMF expects the five largest developing economies in Southeast Asia to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%.
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British Firm Dyson Plans to Hire 450 Engineers and Scientists in Singapore and the U.K.
The hires will be a part of Dyson’s £2.75 billion ($3.7 billion) global technology investment plan to expand research into advanced robotics and AI.
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Singapore's Economy Unexpectedly Grows in the First Quarter of 2021
Analysts polled by Reuters had expected the Singapore economy to shrink 0.2% in the first quarter from a year ago.
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Asian Companies Are Catching Up on Sustainable Practices, Says Singapore Exchange
The chief executive of the SGX, Loh Boon Chye, said 2020 was an inflection point as Asian firms gained greater awareness of sustainability issues.
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Singapore Deputy Prime Minister Steps Away From Future Leadership Role in Shock Announcement
Singapore’s deputy prime minister announced plans to step aside so that a “younger leader who will have a longer runway can take over.”
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Singapore's Leadership Succession Is in Disarray. Here's Who Could Be the Next Prime Minister
Deputy Prime Minister Heng Swee Keat shocked the nation on Thursday, announcing he will step aside as the designated successor to Prime Minister Lee Hsien Loong.
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Vaccines Are a National Priority But Not ‘Silver Bullets' for Reopening, Singapore Minister Says
Singapore needs a “suite of measures” beyond Covid vaccinations in order to open up its economy, said S Iswaran, minister for communications and information.
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Plant-Based Food Start-Up Eat Just Receives $200 Million Investment Led by Qatar
Eat Just, best known for creating plant-based food products, has raised a $200 million fundraising round led by the sovereign wealth fund of Qatar.
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AstraZeneca Vaccine Halt Could Slow Down Asia's Economic Recovery, Says Economist
Issues around the AstraZeneca-Oxford vaccine could hurt global trade — that’s bad news for Asia, said Steve Cochrane, chief APAC economist at Moody’s Analytics.
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JPMorgan Says Stocks in These Sectors Will Lead Markets Higher as Economy Recovers
Investment bank JPMorgan expects cyclical stocks to lead the market higher in the medium- to long-term as the business cycle improves.
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Singapore Hasn't Given Up on Air Travel Bubble With Hong Kong, Says Minister
Both sides are watching for any potential spike in Covid-19 cases following the Lunar New Year festivities, said Singapore’s Transport Minister Ong Ye Kung.
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‘Arrogant' and ‘Wrong': Australia Slams Facebook's Move to Block News as Unnecessary and Heavy-Handed
Facebook’s decision was in response to a proposed media law in Australia that will require online platforms to pay news outlets for content.
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Singapore Sets Aside Over $8 Billion in 2021 Budget for New Covid Support Package
Finance Minister Heng Swee Keat said the funds will be used to support Covid vaccination efforts and economic segments hit hard in the pandemic.
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Singapore Is Set to Release Its 2021 Budget. Here's Why This Budget Could Be an ‘Unusual' One
Finance Minister Heng Swee Keat will announce Singapore’s budget for 2021 on Feb. 16.
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CEO of Singapore's Largest Bank Says It Sees ‘Signs of Strength' in Most of Its Markets
Some Asian countries have bounced back from the economic pain of Covid-19 and that bodes well for the 2021 outlook, according to Piyush Gupta, CEO of DBS.
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Singapore Prime Minister's Wife Ho Ching to Step Down as CEO of $230 Billion State Investor
Temasek is one of the world’s largest investors. Its portfolio value stood at 306 billion Singapore dollars ($230 billion) as of March 31 last year.
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China Stocks Could Pull Back as Investors Are Complacent in Their Policy Expectations, Strategist Says
Investors are factoring in easy policy ahead in China despite authorities “explicitly” signaling a move toward normalization, warns BCA Research’s Jing Sima.
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Japan's State of Emergency Is Seen Having Limited Impact on the Economy
This latest state of emergency in Tokyo and three other areas was announced last week, in a bid to combat the latest surge in coronavirus infections.
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$150 Billion Wiped Off Cryptocurrency Market in 24 Hours as Bitcoin Pulls Back
Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.