Finance & Economics
[ 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…
Read MoreGuinea coup: China’s bauxite conundrum?
According to worldatlas.com, Guinea is the 4th biggest exporter of bauxite, an alumnium ore. With 19.3 million metric tons produced annually, Guinea is also reputed to be the largest bauxite deposits in the world. (these numbers from worldatlas.com are outdated by the way ; but included for now just for context) With the economic warfare…
Read More[ Forbes ] El Salvador Goes On A $21 Million Crypto Buying Spree As Bitcoin Becomes Legal Tender
El Salvador acquired roughly $21 million worth of bitcoin on Monday, President Nayib Bukele announced, buoying the crypto market ahead of making history Tuesday by becoming the first country in the world to formally adopt the digital currency as legal tender. El Salvador bought its first 400 bitcoins in two lots on Monday—worth an estimated $21 million…
Read More[ SCMP ] Singapore residents who took Sinovac turn to Pfizer to up their antibody counts, amid debate on booster shots
Even after receiving her second dose of the Sinovac vaccine last month, Soh, a 43-year-old Singaporean, was unsure about her immunity levels. So she went to get an antibody test – and the result took her by surprise. Her antibody count stood at 140, a figure her doctor said was about 10 times lower than what someone…
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