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The Latest Breaking News from Singapore

GDS Raises Funds for Accelerating Expansion, But Investors Unimpressed

Key Takeaways: GDS is raising $620 million through the issue of seven-year convertible notes with a conversion price just 16% above the stock’s latest close Funds are being used to pay for an accelerated buildup of new data centers, including a new regional hub taking shape around Singapore By Doug…

Benzinga

Kiwi publishers shift millions in printing from shadow of Chinese censorship

One Chinese printer rejected a history text saying the ancestors of Māori came from Taiwan; another insisted that 19th Century NZ dressmakers imported their silk from the People's Republic

Newsroom.co.nz

UMC Invests $5B On New Chip Plant In Singapore: All You Need To Know

United Microelectronics Corp's (NYSE:UMC) board approved a plan to build a new advanced manufacturing facility next to its existing 300mm fab (Fab12i) in Singapore. The first phase of this greenfield fab will have a monthly capacity of 30,000 wafers, with production likely to commence in late 2024. The new fab (Fab12i P3) will…

Benzinga

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Singapore Airlines posts first quarterly profit since start of pandemic

SINGAPORE: Singapore Airlines Ltd posted on Thursday its first profitable quarter since December 2019, underpinned by a strong cargo market and an improvement in passenger numbers as the city-state eased some of its pandemic-led border restrictions.

Bangkok Post

Rights advocates urge jet fuel sanctions against Myanmar

Some human rights advocates are urging governments to impose sanctions against supplying aviation fuel to Myanmar as security forces stage air attacks against opponents of its army-led administration

The Independent UK

Asian stocks, FX tumble as Russia attacks Ukraine

Asian stocks and currencies were battered on Thursday with shares in Thailand losing almost 1.6% and Singapore shares dropping 2% as the Russian attacks on Ukraine spoiled investors appetite for risk.

Bangkok Post

How a gay man from Singapore found acceptance in Australia

Australia decriminalised homosexuality 40 years ago but in many former British colonies, sex between men remains illegal

Al Jazeera

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Jaishankar discusses economic cooperation, regional developments with Singaporean counterpart in Paris

EAM Jaishankar held a series of meetings with his counterparts from other Indo-Pacific countries participating in the EU Indo-Pacific Forum

The Hindu

Singapore core CPI accelerates 7th month to most since 2012

Core inflation in Singapore accelerated for a seventh month to the fastest in almost a decade amid expectations that its central bank will act again in April to tighten policy.

Bangkok Post

Hong Kong Set to Overtake Singapore in SPAC Market, With Help From Mainland Sponsors

Key Takeaways: Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore By Jony Ho

Benzinga

Singapore investor buys four-star Hotel Brooklyn for more than £24m

The hotel has 189 rooms and opened in February 2020

Manchester Evening News

ThaiBev to resume work on unit’s $2bn Singapore IPO

Thai Beverage Public Company Limited is set to revive the initial public offering of its brewery unit in Singapore after shelving the planned first-time share sale twice due to Covid-19, according to people with knowledge of the matter.

Bangkok Post

Singapore, Hong Kong left behind as global travel rebounds

A global travel divide is deepening as some countries ditch COVID-19 restrictions including quarantines, isolation and even mandatory testing for good, while others cling to years-old curbs.

Tribune News Service

UAE expected to complete official process on FTA in 60 days: official

Trade pact will prompt international companies to shift to India from Hong Kong, Singapore

The Hindu

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Bangkok Post

Asia Pacific set to become world’s largest data centre region over next decade

Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade. According to Cushman & Wakefield’s latest 2022 Data Centre Global Market Comparison report, Singapore, Hong Kong and Sydney are ranked among the top…

The Hindu

Foreign quarter: On internal matters and India’s response

India must show maturity in response to international criticism of internal matters

Bangkok Post

Singapore raising GST and taxes on wealthy

Singapore is raising taxes on the wealthy and increasing other levies, including the Goods and Services Tax (GST), to restore its finances after unprecedented expenditures to weather the coronavirus pandemic.

Reuters

India objects to Singapore PM's remarks about 'criminal' MPs

India has complained to Singapore about a remark its prime minister made on the number of Indian parliamentarians facing criminal charges, an Indian official said on Friday, in a rare instance of friction between the Asian allies.

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The Hindu

Must learn to be less thin-skinned, says Tharoor on row over Singapore PM’s comments

The Congress leader says Lee Hsien Loong was making a ‘general and largely accurate point’

The Times of India

Must learn to be less thin-skinned: Shashi Tharoor on India lodging protest over Singapore PM's remarks

NEW DELHI: Senior Congress leader Shashi Tharoor on Friday said it was most unseemly for the Ministry of External Affairs to "summon" the envoy of a friendly country like Singapore over remarks by their prime minister to their own Parliament, and asserted that "we must learn to be less thin-skinned".

The Hindu

Morning Digest | Singapore PM’s speech uncalled for, says India; India, UAE to sign trade pact, and more

A select list of stories to read before you start your day

The Hindu

Emails between former NSE MD Chitra Ramkrishna & ‘yogi’, a coded puzzle for investigators

Out-of-context mention of travel plans and unknown ‘children’ raise suspicions

The Hindu

Singapore PM’s speech uncalled for, says India

Lee Hsien Loong said half of Indian MPs face charges.

The Independent UK

Singapore president stops execution of 2 death row inmates

A lawyer says Singapore’s president has ordered a delay in the execution of two men on death row who are believed to be mentally disabled

The Times of India

Primary objective is to get more training time with Sathiyan, says paddler Manika Batra

The year 2021 will be remembered for the exploits of Manika Batra and G Sathiyan. The mixed doubles pair clinched the WTT Contender in Budapest in August and went from strength to strength before breaking into top-15 in world rankings. The pair, currently ranked No. 10 in the world, are…

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