Singapore

Singapore (VNA) - More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, Singapore’s Trade and Industry Minister Chan Chun Sing said. Singapore has currently over 50 companies with an LNG trading or business development presence in Singapore, Trade and Industry Minister Chan Chun Sing told the Gastech virtual summit held early this week. They include key buyers of LNG such as Osaka Gas setting up trading operations in Singapore, according to the minister. A push for more transparency in the sector has boosted spot trades of Asian LNG. Singapore, which is the Asian oil trading hub, is seen as a natural hub for LNG especially for companies that already have a presence in the city-state and are looking to expand into LNG. Chan said the companies have chosen Singapore due to the "rich eco-system" of companies across the LNG value chain, Singapore's close links to the growing region and the ease of doing business in … [Read more...] about More than 50 firms set up LNG desks in Singapore

In response, Singaporean Foreign Minister Vivian Balakrishnan told his Vietnamese and Cambodian counterparts during separate phone calls on Friday his PM did not mean to hurt either of the two countries with his comments, and that Singapore valued its relations with the Southeast Asian neighbors. … [Read more...] about Singapore’s UN ambassador congratulates Vietnam on election to non-permanent Security Council seat

Still, an average of 45 daily new infections has shown up there since authorities declared last month that all residents had recovered or been shown by testing to be virus-free. Outside, the daily average is just two local cases. … [Read more...] about Singapore grapples with coronavirus in migrant workers’ dormitories

It said to remain viable in an uncertain landscape it would operate a smaller fleet and reduced network in coming years, having already announced a review of its Airbus SE A380 planes for a possible S$1 billion ($731.21 million) in impairments. … [Read more...] about Singapore Airlines to cut 4,300 jobs due to pandemic, most in its history

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