Markets

OUT of S$2.8 billion in foreign exchange (FX) fees paid by Singapore annually, 71 per cent or S$2 billion is hidden in exchange rate mark-ups, a new study commissioned by TransferWise has found.

KUALA LUMPUR: Malaysia Airlines has applied to the country’s aviation regulator to set up a commercial joint venture with Japan Airlines (JAL) covering all routes between Malaysia and Japan. The Malaysian Aviation Commission (MAVCOM) said in a statement dated Apr 25 that the joint venture is a ...

LONDON: The world's demand for gold rose in the first three months of 2019 as central banks diversified away from the dollar amid concern over geopolitical instability, the World Gold Council industry body said Thursday (May 2). Global demand increased by seven per cent to 1,053.3 tonnes in the...

A SUCCESSFUL experiment by the Monetary Authority of Singapore (MAS) and the Bank of Canada using central bank digital currencies and Distributed Ledger Technology (DLT) could bring great potential to make cross-border and cross-currency payments cheaper, faster and safer.

THE Canadian investment fund that manages assets for Ontario’s public sector is looking towards Singapore to set up its regional headquarters, as it seeks to boost its portfolio in Asia in the next few years.

SINGAPORE: SilkAir completed its inaugural non-stop flight to Busan on Thursday (May 2), marking the launch of its flight services to the South Korean city. Flight MI876 departed Changi International Airport on May 1 at 11.37pm Singapore time and arrived at Gimhae International Airport at 7.07am ...

The end on Thursday of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.

Facebook Inc and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source.

Asian markets marked time on Thursday with two major centers - Japan and China - shut for holidays while the dollar held on to overnight gains after the U.S. central bank poured cold water on rate cut expectations.

PG&E Corp on Wednesday sought court approval for a US$105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.