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SINGAPORE -- Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent inflation leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.
Wong, currently deputy prime minister, shed light on his governance style in an interview with The Economist on Monday, reaffirming a “pro-Singapore” approach that was neither “pro-China” nor “pro-US”.
A widely shared TikTok clip by a user claiming to show some Singaporeans’ distaste at being labelled Chinese has sparked an online debate on whether residents of the city state have shunned their ancestral roots, while others warn against conflating the two identities.
Lim Oon Kuin, founder of collapsed oil firm Hin Leong Trading Pte., has been convicted of three criminal charges after a lengthy trial in Singapore, the Business Times reported.
The Philippine Department of Health said that cases of heat-related illnesses had spiked to 77 from January 1 to April 29, with seven deaths potentially linked to the intense temperature.
Budget airline Scoot has cancelled several flights in May due to a “variety of operational reasons”.
China’s exports in April surged towards the Global South while shrinking in developed markets, following a pattern of geographic divergence that began four years ago.