New Delhi, May 14 (IANS) Leaders across the world have started raising the alarm over the energy shortage due to the Iran war and the wider economic disruption that is being caused in its wake, and Singapore’s Prime Minister Lawrence Wong has now warned that the West Asian crisis is not likely to end anytime soon, and the adverse economic fallout is expected to deepen.Wong has pointed out that the Strait of Hormuz has been closed for more than two months, and the impact is being felt not just in…
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Singapore, May 1 (IANS) Singaporean Prime Minister Lawrence Wong warned on Friday that supply disruptions stemming from the Middle East crisis are likely to persist and could worsen in the months ahead, raising the risk that some economies slip into recession.”Globally, inflation will rise, spreading from energy to food and then other essentials. Some economies may well slip into recession, and Singapore will feel the impact directly,” Wong said in a May Day Rally speech.Even if the Strait of Ho…
Singapore, March 2 (IANS) President Lee Jae Myung said on Monday that South Korea will push to create a global investment fund in Singapore by 2030 to attract investments worth $300 million in startups and the artificial intelligence (AI) sector.Lee made the commitment during the AI Connect Summit in Singapore, where company and government officials and experts in the AI sector of both countries gathered to seek joint research and investment opportunities, reports Yonhap news agency.”We are now …
Lucknow, Feb 22 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath, on Sunday, began a three-day official visit to Singapore, aimed at attracting global investment, forging strategic partnerships, and positioning the state as a premier hub for industrial, digital, and green energy development, government officials said. The visit underscores the state’s ambition to leverage international expertise and capital to accelerate economic growth and strengthen India-Singapore cooperation at both the n…