Singapore Financial News

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

The real estate market in India has been witnessing exponential boom over the last two years. With rentals skyrocketing, the sector has remained buoyant with property owners enjoying the lucrative appeal of their property investment. And it is interesting to note that the net rental yield in India is one of the highest in the world.

By David Stanway

By Jamie McGeever

idli, chana masala and rajma featured in the top 20 dishes with the highest biodiversity footprint, along with chicken jalfrezi and chicken chaat, according to a new study analysing 151 popular local dishes from around the world. However, researchers found that dishes with beef as the main ingredient such as fraldinha — beef cut dish originating from Brazil — formed the bulk of the top 20. Chili con carne (spicy stew with chili peppers, beef and beans) and beef tartare were other such dishes. The scientists from National University of Singapore analysed lists of popular dishes taken from CNN.com and TasteAtlas.com to estimate their biodiversity footprints when globally and locally produced. The researchers found that dishes made from ingredients like beef, legumes and rice encroaching on biodiversity hotspots with already very high agricultural pressure such as India end up having a high biodiversity footprint.

Israel's military exports to India, its largest defence buyer, have not been affected by the war in Gaza, an Indian source and an Israeli source aware of the details said. India has imported military hardware worth $2.9 billion from Israel over the last decade, including radars, surveillance and combat drones, and missiles. Israel launched its months-long military campaign after militants from Hamas-ruled Gaza killed 1,200 people and took 253 hostages in southern Israel on Oct. 7. Since then, more than 29,000 Palestinians have been killed, according to Gaza's Hamas-run health ministry.

By Xinghui Kok, Lisa Barrington and Brenda Goh

Karnataka is planning to establish a dedicated ministry for the well-being of Kannadigas living abroad. Karnataka Home Minister G Parameshwara on Wednesday reiterated the state government's commitment to establishing a ministry for the well-being of Non-Resident Indian (NRI) Kannadigas. This announcement aligns with the promises made in the Congress's 2023 assembly polls manifesto. NRIs hailed from Canada, the United Kingdom, the United States of America, Australia, Singapore, and Western Asian countries were invited by Speaker U T Khader to witness the assembly proceedings.

SINGAPORE (Reuters) -Oil prices were on track on Friday to snap a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months, but indications of healthy fuel demand and supply concerns could revive prices in coming days.

By Gerry Doyle

yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time. The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. The greenback is the best performing.

As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis

By Yuvraj Malik

More than half of finance-savvy Singaporeans have embraced cryptocurrency and consider it the future of finance. 

Startale Labs, a Singapore-based Web3 firm, has secured an additional $3.5 million in funding from Samsung Next and United Overseas Bank (UOB) Venture Management.

Byju Raveendran, the founder and CEO of Byju's, the Economic Times reported citing sources. The move is aimed at preventing Raveendran from leaving the country, and the central agency approached BOI earlier this month for the issuance of a fresh LOC. It comes as the agency's Bengaluru office is currently investigating alleged Foreign Exchange Management Act (FEMA) violations against the start-up and its founder, the report said.

Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes. Vietjet signed a memorandum of understanding with Airbus for the wide-body aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement. "We are excited to work with Vietjet on the next phase of the carrier's expansion," said Christian Scherer, chief executive of Airbus's commercial aircraft business.

(Reuters) — Japan's Nikkei share average hit a record high on Thursday, surpassing its 1989 peak after a year-long rally driven by cheap valuations, corporate reforms and investment flows diverted from a battered Chinese stock market.

By Ankur Banerjee and Rae Wee

By Rae Wee

ED) has asked the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, founder and CEO of the eponymous, embattled edtech company Byju's, people with knowledge of the matter told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure that Raveendran does not leave the country. An LOC 'on intimation' has already been issued against Raveendran. It was opened more than one and a half years ago at the request of the ED's Kochi office. However, the investigation was later transferred to the Bengaluru office of the agency. The LOC 'on intimation' results in immigration authorities informing a probe agency about the individual going overseas but the person is not stopped from leaving the country.