Optimism on GCC-SG free trade deal despite lower exchange
Gulf Co-operation Council (3 Oct) - Trade between the Gulf Co-operation Council (GCC) and Singapore has declined by a fifth this year, but a newly ratified free trade agreement is shoring up officials’ optimistism. Trade in the first half of this year declined to US$30.2 billion from $38bn last year, partly due to lower Saudi...
SG challenged as LNG trade hub by liquidity lack
LNG Tanker (1 Nov) - Singapore’s drive to become an Asian hub for buying and selling liquefied natural gas will be constrained by stagnant volumes in the spot market, which traders say may not expand anytime soon. The city-state, which opened its first LNG terminal in May, plans to award import licenses to as many as two suppliers...
JPMorgan’s hiring practices in India, SG under scrutiny
(2 Nov) - The US authorities are believed to be scrutinising the hiring practices of banking giant JP Morgan Chase in India, South Korea and Singapore following a probe into its activities in China regarding hiring children of powerful officials to win lucrative business deals. A report in the New York Time said that the federal...
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