Asia Pacific

Supply chains may be moving out of China and into Asia — but they aren't really decoupling from the country

Supply chains are diversifying away from China, causing a shift in global-trade patterns. Analyses of trade data suggest Chinese manufacturers are assembling fewer end products at home. Instead, they’re shipping materials and intermediate products to Southeast Asia for final assembly. Supply chains are shifting away from China — the world’s factory floor for the last four decades — toward other low-cost manufacturing hubs in Asia. Even before supply chains got

Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China

Over 80% of millennials in Hong Kong live with their parents.  The 2019-2020 protests had an impact on their mindset. Hong Kong’s millennials differ from their elders by being more vocal, expressive, and confident in both personality and work. At 33, Ken Ho is what many Hong Kongers aspire to be.  Born and raised in Hong Kong, Ho attended one of the city’s top schools before heading to University College

Is It Time To Invest in Bonds for Passive Income Again?

  Investing in bonds like the Singapore Savings Bonds (SSB) has historically been a preferred option amongst investors who want to diversify their investment portfolios and make passive income. However, in the past few years, such fixed-income products witnessed a decline in popularity due to lowered interest rates intended to combat the economic challenges posed by the COVID-19 pandemic. At the same time, inflation concerns eroded the advantages of such

Inflation: Prices of food, transport & education have risen the most in Singapore in the last 20 years

SINGAPORE: Inflation is a word that has been frequently mentioned over the past few years, especially since the Covid-19 pandemic and Russia’s invasion of Ukraine have affected the global economy since 2020 and 2022 respectively. How exactly the prices of different items have changed over the past 20 years, and which ones have seen the greatest leaps? That was the focus of a recent piece on the finance site dollarsandsense.

President Tharman vows prudent use of SG’s reserves

Singapore has drawn on its reverse twice. Newly-elected President Tharman Shanmugaratnam assured Singaporeans that he will “weigh carefully” the use of Singapore’s reserves should the need for it arise in the future. In his speech at his swearing-in ceremony, Tharman said it is his job as president to safeguard Singapore’s reserves. “In exercising my veto powers on the reserves and key public service appointments, I will confer closely with the

SGX, BlackRock launch climate action ETF

This is the largest equity ETF rolled out in the country. SGX Group and BlackRock listed iShares MSCI Asia ex Japan Climate Action exchange-traded fund (ETF) that will allow investors to access companies in Asia, excluding Japan, that aim to reduce carbon emissions. In a statement, SGX Group said the ETF follows the MSCI AS Asia ex Japan Climate Action Index, a part of the suite of MSCI Climate Action

Israel solves Evangelical visa crisis, Christians can work in the country

A nearly two-year crisis between the most prominent Christian organizations operating in Israel and the Ministry of Interior has been at least temporarily solved, the International Christian Embassy in Jerusalem (ICEJ) said Thursday. ICEJ, Bridges for Peace and Christian Friends for Israel had been struggling to staff their organizations after the Ministry of Interior changed their policy without notice. Each organization used to get a quota of volunteer and clergy

Average Singaporean could afford latest iPhone in just a week

The average gross monthly wage in the country is $6,622. Singaporeans would only need to work for 6.7 days to afford the latest iPhone release, a report by found. This is less than the 7.6 days they had to work for last year to buy the new iPhone. The average salary in the Lion City is $6,622 gross monthly or $5,146 net, according to the latest data from the

Singapore’s roti prata is the 11th best bread in the world!

SINGAPORE: A thread on Reddit says Singapore’s roti prata is the 12th best bread in the world, but it turns out it’s the 11th, which is so much better! Roti prata is ranked as the 11th best bread in the world, according to Taste Atlas. What is roti prata? Roti prata, a soft and crisp flatbread, found its way to Singapore through Indian immigrants. Its origin is traced to India,

Jamus Lim: Melaka has a special place in my heart… not least because my ancestors probably came from there

SINGAPORE: Workers’ Party MP Jamus Lim (Sengkang GRC) shared photos from a two-day trip taken with Anchorvale and Buangkok residents last week to Melaka, which as he wrote in a Thursday (Sept 7) Facebook post, has a special place in his heart. And unlike others who endured very lengthy traffic jams on the causeway, the contingent left “bright and early” on Sept 2, and except for a one-and-a-half-hour delay due