Singapore Financial News
24.05 / 01:15
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electronic
Spices down, sweets up. How Indian ready-to-eat is storming western palates
India's electronics, pharma, engineering goods exports beat global trade slowdown during FY24 Meanwhile, RTE imports have grown marginally, from $304.96 million in FY2019 to $360.37 million in FY24. The FY24 figure marks a fall in imports of 13.6% from the previous fiscal year. “Reduction in imports indicates changing domestic consumption patterns, and increased local production," Srivastava said.
23.05 / 16:27
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Several Singapore Airlines' flight passengers, hit by turbulence, need spinal surgery: Report
AP reported Bangkok's Samitivej Srinakarin Hospital as saying.According to the report, 27 people remained in intensive care, and a 73-year-old British man died after the flight ran into bad turbulence over the Andaman Sea. This led to hurling items and passengers and crew members around the cabin.The hospital's public relations officer stated that other local hospitals have been asked to lend their best specialists to assist in the treatments.
23.05 / 12:05
23.05 / 10:49
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Merger talks between NSE, BSE offshore arms called off
MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.
23.05 / 09:19
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Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Central Asia’s biggest state Kazakhstan are the leading transit hubs in their regions. This is one of the reasons why the two countries are establishing close economic ties that can stimulate growth and find new business opportunities. This will also boost India’s role as a link country between SE Asia and Eurasia as well as the Chabahar Port where India has gained management rights for 10 years. Kazakhstan is developing a Trans-Caspian international transport route that will connect the vast markets of Asia and the EU. Kazakhstan's cooperation with Singapore, a major international transport and logistics center, can help both countries improve the efficiency of transport links in Asia. Singapore has arrangements with Eurasian Economic Union to boost economic presence in Eurasia. In a world with a new geopolitical alignment, security and consistency of supply chains have become more important than ever. In this regard, Kazakhstan has enormous potential for the supply of rare earth metals, the demand for which is growing every day due to the development of green energy. These metals are also widely used in high-tech devices and electronics, in the manufacture of batteries and magnets, according to experts.
23.05 / 02:47
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Singapore Airlines shares slip 1.3% after turbulent flight
Singapore Airlines shares fell more than 1% in early trade on Thursday, following a deadly turbulence-hit flight. One passenger died of a suspected heart attack and dozens were injured after flight Singapore Airlines SQ321 encountered what the airline described as sudden, extreme, turbulence while flying over Myanmar on Tuesday.
22.05 / 23:45
Reuters
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'Sheer terror': Passengers on Singapore Airlines flight describe nightmare after plane hit 'severe turbulence'
Singapore Airlines Flight 321 forced to make emergency landing in Bangkok, Thailand, following «severe turbulence» that left 1 dead.
22.05 / 17:03
22.05 / 16:13
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Singapore Airlines tragedy: What is air turbulence? Is it related to climate change? Incident deconstructed
Singapore International Airlines flight from London's Heathrow Airport to Changi International Airport in Singapore developed mid-air turbulence resulting in a steep fall. The plane was flying over the Irrawaddy basin in Myanmar when this incident took place resulting in the death of a British citizen and injuring scores of others. This incident has prompted many questions regarding air turbulences, their nature and their increasing frequency.
22.05 / 10:43
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Singapore Airlines cooperating with authorities in probing severe flight turbulence incident
Singapore Airlines on Wednesday said it is fully cooperating with relevant authorities in the investigation into the London to Singapore flight which encountered severe turbulence, leading to the death of one passenger and injuring 30 others. Geoffrey Kitchen, a 73-year-old British passenger, died likely due to a heart attack on the Singapore Airlines (SIA) flight SQ321, operating from London (Heathrow) to Singapore on Tuesday, said Kittipong Kittikachorn, general manager of Suvarnabhumi Airport in Bangkok, to where the flight was diverted under emergency. As many as 30 passengers were injured after the flight on May 21 encountered «sudden extreme turbulence over the Irrawaddy Basin at 37,000 feet about 10 hours after departure».
22.05 / 08:43
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What does an emerging Squad in the Indo-Pacific mean for India?
Quad, Aukus, the US-Philippines-Japan trilateral and the US-Japan-South Korea trilateral. The Philippines, Japan and Australia are not treaty allies; however, each of these countries shares a bilateral treaty alliance with the US. Thus, the idea behind the Squad centres on the desire of all four democracies to deepen their level of integration beyond the hub-and-spokes format at a time when China has been militarizing the South China Sea at the expense of the rules-based order of the Indo-Pacific.
22.05 / 07:02
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What is in-flight turbulence, and when does it become dangerous for passengers and crews?
The death of a British man and injuries impacting dozens of other people aboard a Singapore Airlines flight have highlighted the potential dangers of flying through extreme turbulence
22.05 / 03:06
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After Singapore Airlines turbulence accident, flight crews urge buckling up
flight attendants and pilots following the severe turbulence encountered by a Singapore Airlines flight on Tuesday that resulted in the death of one passenger and injured dozens of others. The London-to-Singapore flight hit heavy turbulence over the Indian Ocean and descended 6,000 feet (around 1,800 meters) in about three minutes, before an emergency landing in Bangkok. Weather forecasting service AccuWeather said satellite and lightning data showed «explosive thunderstorms» developing close to the flight path. Developing thunderstorms can leave pilots
22.05 / 02:53
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Singapore Airlines CEO apologises after severe turbulence on flight causes death and injuries
CEO of Singapore Airlines on Wednesday issued a public apology following an incident of severe turbulence on a flight from London to Singapore, which resulted in one passenger's death and injuries to 30 others. In a video message, Goh Choon Phong expressed deep sorrow over the incident, stating, «We are deeply saddened by the incident» and extended apologies for the «traumatic experience» endured by all passengers on flight SQ321.
21.05 / 17:27
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3 Indians among passengers aboard Singapore Airlines flight hit by 'sudden extreme turbulence'
Singapore Airlines flight that encountered a «sudden extreme turbulence» over the Irrawaddy Basin at 37,000 feet, the flag carrier of Singapore said on Tuesday. The traumatic incident in which the aircraft descended 6,000 feet in about three minutes, left a 73-year-old British man dead and more than two dozen other passengers injured. The British man, who was not yet identified, «likely» died from a heart attack, the General Manager of Suvarnabhumi Airport Kittipong Kittikachorn said.
21.05 / 16:31
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1 dead after ‘severe turbulence’ hits Boeing 777 flying from London to Singapore
At least one passenger is dead and dozens more are injured after a Singapore Airlines flight from London to Singapore encountered “severe turbulence” and dropped thousands of feet in the air.
21.05 / 14:35
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Where the Whales Are – Top 5 Countries for Crypto Investors
As the popularity of cryptocurrencies continues to grow, investors are on the lookout for the most accommodating environments to maximize their returns.
21.05 / 14:29
Reuters
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Videos show 'severe turbulence' on Singapore Airlines flight: 'Blood everywhere, flight attendant thrown off'
a sudden and violent jolt as a strong turbulence hit the plane. Sharing the video on X, the news agency said, “This is the moment a flight attendant was thrown to the ceiling of the plane after violent turbulence." Several others on social media claimed that “Passengers were flung to the ceiling when it experienced a 7,000 ft drop." In many photos shared by the news agency Reuters, the interior of Singapore Airlines flight SQ321 was seen as damaged.
21.05 / 12:59
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India sees 324 cases of KP.1, KP.2 variant driving Covid-19 in Singapore, Maharashtra tops with 148
. Four cases of KP.1 have been reported from Maharashtra, two from Rajasthan and Gujarat, and one from Goa, Haryana, and Uttarakhand. Similarly, the INSACOG has traced nearly 290 cases of KP.2 across the country, including 148 from Maharashtra alone, the highest among the other states reporting the KP.2 cases.
21.05 / 12:09
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300 trafficked Indians 'revolt' in Cambodia; most of them arrested: Andhra Pradesh Police
human trafficking racket busted here recently, Andhra Pradesh police on Tuesday said around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country. As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers, police said. Visakhapatnam Police Commissioner A Ravi Shankar noted that these trafficked Indians caused large scale riots in Jinbei and Compound, Sihanoukvile in Cambodia, which is allegedly a hub for cyber crime. «Many people called up Visakha city police whatsapp numbers and sent videos. Yesterday (Monday), around 300 Indians 'revolted' in a large scale against their handlers in Cambodia,» said Shankar in a release.
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