Singapore Financial News

Boeing 777-300ER plane with 211 passengers and 18 crew was headed to Singapore when it made the emergency landing," the airline was quoted by Reuters as saying in a statement. “We can confirm that there are injuries and one fatality on board the Boeing 777-300ER," the carrier said in a statement. ALSO READ: Boeing plane makes emergency landing in New York after exit slide falls off The airlines informed that it is "working with the local authorities in Thailand to provide the necessary medical assistance and sending a team to Bangkok to provide any additional assistance needed." According to Reuters, the aircraft, with 211 passengers and 18 crew on board, was traveling from London Heathrow and diverted to Bangkok’s Suvarnabhumi Airport after encountering the turbulence.

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IndiGo makes long-haul foray, orders 30 wide-body aircraft How much can this translate into profits and how much has the airline earned from Pratt & Whitney as compensation will be known on Thursday. The last few months have seen airlines open up to compensation from Pratt & Whitney, which has run into millions of dollars, not all of which is a cash payout. Globally, the large airlines have reported their best-ever profits in FY24.

SINGAPORE—For the past few years, the West has been trying to break China’s grip on minerals that are critical for defense and green technologies. Despite their efforts, Chinese companies are becoming more dominant, not less. They are expanding operations, supercharging supply and causing prices to drop.

Crews in Baltimore Harbor removed the massive Dali container ship from the wreckage of the collapsed Francis Scott Key Bridge on Monday. (Credit: WTTG)

In charts: India’s spices exports raise a stink abroad Certain Everest and MDH products were recently found to have violated rules around ethylene oxide residue in Singapore and Hong Kong, resulting in recalls and bans of specific batches of their products in these markets. Hong Kong completely prohibits ethylene oxide in food products, while Singapore has a limit of 50 parts per million. The European Union's limit is even lower, ranging from 0.02 to 0.1 mg per kilo.

Crews conducted a controlled demolition on the largest remaining span of the collapsed Francis Scott Key Bridge in Baltimore. (Credit: Reuters)

DCCDL's rental income from office buildings increased 7 per cent annually to Rs 3,460 crore in the last fiscal, driven by rent appreciation and expansion of the asset portfolio. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate.

Singapore faces new COVID-19 wave, over 25,900 cases reported in a week Average daily Covid-19 hospitalizations rose to about 250 from 181 over the same period, the ministry said. It asked public hospitals to reduce their non-urgent elective surgery cases, and move suitable patients to care facilities to protect hospital bed capacity.

Singapore is experiencing a new wave of COVID-19, with authorities recording over 25,900 cases from May 5 to 11. Health Minister Ong Ye Kung advised the public to wear masks again on Saturday.

Singapore High Commissioner to India, Simon Wong, witnessed Prime Minister Narendra Modi's public meeting in North East Delhi and called it "electrifying." In the pictures shared by Simon Wong, PM Modi waved at the people who came to listen to his address while people in the audience held BJP flag. In a post on X, Simon Wong stated, «Front row seats w fellow diplomatic colleagues to watch the world's largest democracy in action. Electrifying! Thank you @BJP4India, @vijai63 for the opportunity. — HC Wong.»

Indian spice-mix products of MDH and Everest on Friday due to quality issues, following in the footsteps of Hong Kong and Singapore. Nepal’s Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market. “As residue contents of ethylene oxide are found to be exceeding the prescribed limit in these four products, the import and sale of these products are banned within the country as per Article 19 of the Food Regulation 2027 B.S.,” Nepal's Department of Food Technology and Quality Control, in a notice said.

Top news of the day: On 18 May, a series of events are set to take place right from politics to business. Several foreign students, including those from Pakistan, are reportedly still facing threats from locals in Kyrgyzstan. Singapore is experiencing a new wave of COVID-19, as authorities recorded more than 25,900 cases from May 5 to 11.

Singapore is seeing a new COVID-19 wave as the authorities recorded more than 25,900 cases from May 5 to 11 even as Health Minister Ong Ye Kung on Saturday advised the wearing of masks again. «We are at the beginning part of the wave where it is steadily rising,» said Ong. «So, I would say the wave should peak in the next two to four weeks, which means between mid- and end of June,» The Straits Times newspaper quoted the minister as saying. The Ministry of Health (MOH) said the estimated number of COVID-19 cases in the week of May 5 to 11 rose to 25,900 cases, compared with 13,700 cases in the previous week.

Bring out your designer sunglasses, because this show is about Korea’s super rich. About men who flash their black cards to buy an apartment that costs 991,442,000.00 rupees (16 Billion Won). About a woman who will do anything to get that front row seat at the Paris Fashion Week. About limited edition designer bags, watches, clothes that’s hollower than a show called Dubai Bling which showed up on Netflix a while ago.

Thames Water Utilities Ltd.’s biggest shareholder has written off its investment in the utility in a sign of the escalating financial crisis at the United Kingdom‘s largest water company.

FISS) on Friday said India's spice export may decline nearly 40 per cent in FY25 if the issue of ethylene oxide or EtO contamination in spices meant for exports is not addressed at the earliest. The statement came against the backdrop of Hong Kong and Singapore banning the sale of popular brands MDH and Everest after detecting carcinogenic chemical ethylene oxide in their products, leading to a mandatory recall from shelves. In 2023-24, India's spice exports totalled USD 4.25 billion, accounting for 12 per cent share of global spice exports. «Lot of exporters have orders on their hands and they have been halted to an extent after that episode. As per our estimate, spice exports could be affected by 40 per cent of the volume this year if the issue is not resolved quickly,» said Tejas Gandhi, Secretary of FISS, an association of nearly 600 spice traders, exporters and farmers from across the country.

Are you a member of Club Vistara frequent flyer programme and wondering what will happen to your CV points post merger of Vistara with Air India.

₹12,000 crore in the EV business over the next three years, it has also marked out a larger capex of ₹14,000 crore for its conventional IC-engine business. The latter will see six brand new SUVs and three model refreshes by 2030, the company said on Thursday while announcing its Q4 results for FY24. The ₹26,000-crore capex push follows the company's strong show in its core automotive business, with standalone net profit for the auto and farm business rising 32% to ₹2,038 crore for the quarter ended March, compared to the same period a year ago.

Mint. Yashish Dahiya will offer up to 54 lakh shares, while Alok Bansal will sell up to 29.7 lakh shares. The shares will be sold at a floor price of ₹1,258 per share, a 6% discount to the closing price on 16 May 2024 of ₹1,338.25 apiece on the BSE.

₹321.6 crore in the December quarter, against a net loss of ₹401.3 crore a year earlier. With its ambitious expansion plans across the green energy ecosystem, ReNew has been looking at options to raise funds both through asset sale and debt financing. In February, Mint reported that ReNew Energy Global Plc is in talks with Singapore’s Sembcorp Industries Ltd to sell solar energy projects totalling 350 megawatts (MW), with the deal estimated to be valued at around $241 million at the enterprise level and around $121 million in terms of equity.