Singapore exports suffer biggest fall in three years as exposure to Chinese economy, US trade war bites

Concerns over Singapore’s exposure to the Chinese economy mounted on Monday after new data showed that its non-oil exports fell by 15.9 per cent in May, the largest decline for more than three years.Exports to China and Hong Kong slumped by 23.3 per cent and 24.8 per cent from a year earlier respectively, showing Singapore’s vulnerability to fluctuations in regional trade as an important trade and shipment hub for Asia-Pacific.Many of the goods bound for China from other nations pass through… Source link

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Canada’s US$277 billion pension fund may open its first office in China to seek greater exposure to world’s No. 2 economy

Canada Pension Plan Investment Board, which manages around C$368.5 billion (US$277 billion), is considering opening its first office in China as it seeks greater exposure to the world’s second-largest economy.Canada’s largest pension fund investor could open an office in Beijing as soon as next year, Hong Kong-based head of Asia-Pacific Suyi Kim said in an interview this month. Staff there would then work closely with CPPIB’s 130 employees in Hong Kong, which have helped to invest C$42 billion… Source link

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‘Indecent exposure not my intention’, says model criticised for outfit at Somerset MRT station, Singapore News

A woman who found herself talk of the town after photos of her in a skimpy outfit went viral online has responded to criticism by netizens. Ms Ashley Garcia, who identifies herself as a freelance model from the Philippines, was seen queueing for an automated teller machine (ATM) at Somerset MRT station in a thin tank top. Photos of Ms Garcia and her eye-catching attire were posted on social media on Saturday (Feb 9). While some netizens felt that there was nothing wrong with Ms Garcia’s dressing, others were quick…

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