Singapore - Following the global economic slowdown and shrinking demand for electronics and other goods from all it's top markets, Singapore's non-oil domestic exports suffered a year-on-year fall of 35 per cent in January, the International Enterprise (IE) Singapore, the city state's agency to promote external business, reported on Tuesday.
The heavy drop in January followed a year-on-year decline by 21 per cent in December.
Singapore - A Singapore court sentenced a 22-year-old man to three years in prison Tuesday for smuggling about 14,000 cartons of duty-unpaid cigarettes and not paying tax on the goods, media reports said.
The weight of the cigarettes reached almost 3,000 kilograms. The unpaid duty amounted to 1 million Singapore dollars (650,000 US dollars); the excise tax reached nearly 92,000 Singapore dollars.
Singapore - Singapore Airlines (SIA) Monday said it planned to reduce capacities by 11 per cent in the coming financial year, which starts in April, owing to a drop in demand.
Citing falling demand, as reflected in advance bookings, SIA said it would decommissione 17 aircraft.
"Before recession hit major markets, the plan was for only four aircraft to be phased out - one for conversion to a freighter, and three to be returned to lessors at completion of lease contracts," it said in a statement.
Singapore - Senior officials of the Asia Pacific Economic Cooperation (APEC) on Monday emphasized the importance of averting pressure on governments to take measures restricting trade by helping individuals and businesses to tide over the financial crisis.
"There was a strong consensus that restrictions on trade and investment would only deepen and prolong the economic downturn," said Ravi Menon, a top official at Singapore's Trade and Industry Ministry and chairman of the APEC Senior Officials' Meeting, which takes place from February 13 to 26.
Singapore - Singapore is setting up a migrant workers centre to help foreign workers who are in disputes with their employers and are at times left stranded without wages, food and shelter, a news report said Saturday.
The centre, to be opened by April, is to be guided by the Migrant Worker Forum, an enterprise of the state-backed National Trades Union Congress and Singapore National Employers Federation.
Singapore - Following the global economic slowdown and shrinking demand for electronics and other goods from all it's top markets, Singapore's non-oil domestic exports suffered a year-on-year fall of 35 per cent in January, the International Enterprise (IE) Singapore, the city state's agency to promote external business, reported on Tuesday.
Singapore - A Singapore court sentenced a 22-year-old man to three years in prison Tuesday for smuggling about 14,000 cartons of duty-unpaid cigarettes and not paying tax on the goods, media reports said.
Singapore - Singapore Airlines (SIA) Monday said it planned to reduce capacities by 11 per cent in the coming financial year, which starts in April, owing to a drop in demand.
Singapore - Senior officials of the Asia Pacific Economic Cooperation (APEC) on Monday emphasized the importance of averting pressure on governments to take measures restricting trade by helping individuals and businesses to tide over the financial crisis.
Singapore - Singapore is setting up a migrant workers centre to help foreign workers who are in disputes with their employers and are at times left stranded without wages, food and shelter, a news report said Saturday.
