Finance & Economics
[ TIME ] China, Isolated From the World, Is Now the Last Major Country Still Pursuing a ‘Zero COVID’ Strategy
Now, with the rise of the delta variant and the proliferation of vaccines, only one is still holding fast to that goal of eliminating Covid-19: China. With New Zealand preparing to shift away from the zero-tolerance strategy, China’s isolation is complete, raising the stakes on how long it can stick to a playbook that requires closed borders,…
Read More[ AsiaOne / Straits Times ] Singapore inks deal for Merck antiviral pill to treat Covid-19 and its variants
The Republic has inked a supply and purchase agreement for an antiviral pill to treat Covid-19 that is said to be effective against all known variants of the virus, including the Delta variant. The drug was developed by pharmaceutical firm Merck in the United States and Canada, together with Miami-based Ridgeback Biotherapeutics. Merck is known as…
Read MoreEntire Facebook Network is Down for 8 hours
At around 11.45pm Singapore Time (GMT+8), the entire Facebook network went offline. This includes all the most popular/used apps like Facebook app, Instagram, WhatsApp and Facebook Messenger. It was only until around 45mins later where the official twitter account for the respective apps started announcing that their apps are having issue. Despite the term used…
Read More[ Nikkei ] U.S. set to resume trade talks with China
U.S. Trade Representative Katherine Tai is expected to speak to Chinese vice premier Liu He by telephone over the next few days, calling on China to respect the “phase one” trade agreement it signed with Washington under former President Donald Trump. The U.S. also plans to resurrect partial exemptions on punitive tariffs to help curb the impact of…
Read More[ Fibre2Fashion ] Chinese textile prices may go up 30-40% due to power cuts
Prices of textiles and garments made in China are likely to rise by 30 to 40 per cent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage of electricity production owing to short…
Read MoreREGEN-COV monoclonal antibody therapy delivery will arrive in Singapore next month
According the Lianhe Zaobao, Singapore largest chinese newspaper/media outlet, a spokesman from the National Center for Infectious Diseases of Singapore (NCID) had confirmed to the Associated Press that the monoclonal antibody cocktail, casirivimab and imdevimab, developed by US drugmaker Regeneron and Swiss pharmaceutical company, Roche, will be expected to arrive in the island state next…
Read MoreHo Ching to handover Temasek Holdings’ top seat for a “second time” on Oct 1 after 17 years of service
Outgoing chief executive of Temasek Holdings, Ho Ching, will be stepping down from the board on Friday (Oct 1). Mdm Ho, who is also the wife of Prime Minister Lee Hsien Loong, said she has been “very much” a part of the leadership succession process after being in the company for 17 years. The company…
Read MoreIndonesia give green light to the Singapore-Australia undersea powerline
Indonesia Government has given it’s support behind the Sun Cable’s Australia-Asia Powerlink (AAPowerLink) that would route solar powered electricity through Indonesia water to Singapore directly from Darwin, Australia. On the 23/09/2021 – Sun Cable announced a long term partnership with the Indonesian government which will include investment and jobs, knowledge sharing with academic institutions and…
Read More[ ABC Rural ] Coking coal price hits record highs as Chinese steel-makers face pain
The price of metallurgical coal has risen to record levels as trade tensions and border problems push the cost for Chinese importers sky-high Coal for coking purposes has soared despite declines in iron ore values attributed to Chinese steel-makers abiding by a government directive to avoid buying from Australia. The value has surged to $US410 a tonne…
Read MoreSingapore to donate 60,000 doses of AstraZeneca vaccine to Batam, Indonesia
According the Antara News, the Batam Mayor Muhammad Rudi announced that Singapore government plans to provide 60,000 doses of AstraZeneca COVID-19 vaccine to the Singapore’s neighbouring island of Batam, a major city of Riau Islands, Indonesia. According to the Mayor, Singapore’s requirement for reopening of the Batam-Singapore border depends on Batam reaching 80% vaccination of…
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