Singapore Economy
Proposed workplace fairness legislation signals ethnic, religious discrimination unacceptable: Shanmugam
Singapore: The upcoming introduction of workplace fairness legislation in parliament signals that employment discrimination along ethnic or religious lines is unacceptable, said Law and Home Affairs Minister K Shanmugam on Monday (Jul 1).
https://www.channelnewsasia.com/singapore/proposed-workplace-fairness-legislation-ethnic-religions-discrimination-unacceptable-4447886
https://www.scmp.com/week-asia/politics/article/3268760/singapore-outlier-racial-harmony-approach-being-challenged
Singapore to tighten regulations to prevent misuse of casinos for terrorism financing
Singapore: Casinos in Singapore will soon face tighter rules on conducting due diligence checks when receiving cash, as part of updated measures to counter terrorism financing.
https://www.channelnewsasia.com/singapore/singapore-terrorism-financing-casinos-4442641
https://www.scmp.com/news/asia/southeast-asia/article/3268717/singapore-casinos-face-tougher-regulations-prevent-terrorism-financing-money-laundering
Foreign ageing motorbikes to be barred entry, commercial diesel vehicles will face stricter emissions limit
Singapore: Older foreign motorcycles will soon be disallowed on Singapore’s roads, while foreign commercial diesel vehicles must comply with a lower smoke emissions threshold as the authorities announce plans to tighten regulations to protect air quality.
https://www.channelnewsasia.com/singapore/nea-steps-carbon-emissions-requirements-foreign-vehicles-motorcycles-entering-singapore-4448276
Singapore a ‘very attractive place’ to develop new climate technology: Bill Gates
Singapore: Climate change is an issue that requires “IQ from all over the planet”, rather than being restricted to just “a few rich countries in the West”, said Microsoft co-founder and billionaire Bill Gates in an exclusive interview with CNA last week.
https://www.channelnewsasia.com/singapore/climate-change-deep-tech-start-ups-bill-gates-breakthrough-energy-4448386
Business News
Keppel to upgrade second gas turbine unit at the Keppel Merlimau Cogen plant
Keppel Limited announced, on July 1, that it will upgrade a second existing gas turbine unit at the Keppel Merlimau Cogen combined cycle power plant (KMC) on Jurong Island.
https://www.theedgesingapore.com/news/sustainability/keppel-upgrade-second-gas-turbine-unit-keppel-merlimau-cogen-plant
EY Singapore announces plans to invest $100 mil in talent development programmes over five yearsErnst & Young LLP (EY Singapore) announced, on July 1, that it intends to invest $100 million over five years to enhance its talent development programmes and improve the attractiveness of professions in accounting.
https://www.theedgesingapore.com/news/company-news/ey-singapore-announces-plans-invest-100-mil-talent-development-programmes-over
Global Economy & Real Estate
Global factory activity has mixed performance in June, PMIs show
https://www.businesstimes.com.sg/international/global-factory-activity-has-mixed-performance-june-pmis-show
World Bank Group kicks off US$20 billion annual guarantee push
https://www.businesstimes.com.sg/companies-markets/banking-finance/world-bank-group-kicks-us20-billion-annual-guarantee-push
US manufacturing mired in weakness; prices paid gauge hits six-month low
https://www.businesstimes.com.sg/international/us-manufacturing-mired-weakness-prices-paid-gauge-hits-six-month-low
US construction spending unexpectedly falls in May
https://www.businesstimes.com.sg/property/us-construction-spending-unexpectedly-falls-may
US home insurance still priced too low for climate risk, says Swiss Re chair
https://www.businesstimes.com.sg/property/us-home-insurance-still-priced-too-low-climate-risk-says-swiss-re-chair
Asia’s factory activity expands in June on solid global demand
https://www.businesstimes.com.sg/international/asias-factory-activity-expands-june-solid-global-demand
https://www.straitstimes.com/business/asia-s-factory-activity-expands-in-june-on-solid-global-demand-surveys-show
Bali property heats up as Asian investors chase high rental yields in post-Covid revival
https://www.scmp.com/business/article/3268572/bali-property-heats-asian-investors-chase-high-rental-yields-post-covid-revival
China’s Caixin factory activity index hits 3-year high, beating forecasts, but demand still slow
https://www.scmp.com/economy/china-economy/article/3268682/chinas-factory-activity-growth-hits-three-year-high-beating-forecasts-demand-still-slow?module=top_story&pgtype=subsection
China offers foreign residents in Hong Kong five-year travel visa
https://www.businesstimes.com.sg/international/global/china-offers-foreign-residents-hong-kong-five-year-travel-visa
Commentary: To boost investor enthusiasm for China, start with Hong Kong tycoons
https://www.channelnewsasia.com/commentary/china-economy-plenum-meeting-growth-invest-hong-kong-4448251
German inflation eases to 2.5% in June
https://www.businesstimes.com.sg/international/german-inflation-eases-2-5-june
Downturn in German manufacturing suffers fresh setback, PMI shows
https://www.businesstimes.com.sg/international/downturn-german-manufacturing-suffers-fresh-setback-pmi-shows
Hong Kong officials ‘consider review of rental bed limit’ to clamp down on cage homes
https://www.scmp.com/news/hong-kong/society/article/3268665/hong-kong-officials-consider-review-rental-bed-limit-clamp-down-cage-homes
Hong Kong’s renewal of land leases expiring by 2047 to boost confidence in city: experts
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3268765/hong-kongs-renewal-land-leases-expiring-2047-boost-confidence-city-experts
Hong Kong property sales plunge again as high interest rates, economic malaise dent demand
https://www.scmp.com/business/article/3268725/hong-kong-property-sales-plunge-again-high-interest-rates-economic-malaise-dent-demand
South Korea’s inflation cools more than expected towards target
https://www.businesstimes.com.sg/international/south-koreas-inflation-cools-more-expected-towards-target
https://www.channelnewsasia.com/business/south-korea-inflation-hits-11-month-low-supply-pressures-ease-4450321
UK manufacturing growth slows as shipping delays hit exports, PMI shows
https://www.businesstimes.com.sg/international/uk-manufacturing-growth-slows-shipping-delays-hit-exports-pmi-shows
UK consumer credit bounces back in May, Bank of England says
https://www.businesstimes.com.sg/companies-markets/banking-finance/uk-consumer-credit-bounces-back-may-bank-england-says
UK shop price inflation weakest since October 2021, retailers say
https://www.businesstimes.com.sg/international/uk-shop-price-inflation-weakest-october-2021-retailers-say
UK house prices grow again in June
https://www.businesstimes.com.sg/property/uk-house-prices-grow-again-june
UK housing prices may benefit from a Labour win
https://www.businesstimes.com.sg/international/uk-housing-prices-may-benefit-labour-win
UBS completes merger of Swiss business with Credit Suisse
https://www.straitstimes.com/business/ubs-completes-merger-of-swiss-business-with-credit-suisse
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