Shipping Investment Firm Executive Believes Easing COVID Cases in China Might Lead Container Shipping to Rebound by Late April
Tim Huxley, the founder of Mandarin Shipping, said on Monday that the decreasing number of COVID cases in China might lead the container shipping industry to witness a “very strong” rebound by late April.
The ban is expected to have a significant impact on Singaporeans, not least because chicken-rice is the city-de state’s facto national dish, and aficionados say substituting frozen meat for fresh will not suffice.
G7 energy ministers have urged the Opec group of oil-producing countries to pump more oil as Russia’s war in Ukraine drives crude prices to a decade high.
On Monday (May 23), the Singapore dollar resumed its ascent against the Malaysian currency. It reached an all-time high versus the ringgit. The Singapore dollar hit a new high of RM3.1964 because of Singdollar strength, before retreating to RM3.1950.
According to data from consultancy EY, the number of public offerings in Greater China declined dramatically in the first quarter of this year. However, the market still outperformed other worldwide markets.
China’s EV (Electric Vehicle) stocks are hit by a perfect storm, resulting in a sharp drop in Asia Financial’s China Electric Vehicles index this year. The index constituting 14 leading Chinese electric vehicle manufacturers has dropped 26.1% in 2022. It has decreased by 13% in March.
With expenditure on its mobile games increasing over the past year, Chinese internet giant ByteDance’s fledgling entry into the gaming market is showing promise as it seeks to compete with competitors Tencent and NetEase.
Forever 21, an American fast fashion company, is making its third push into China, with plans to build a physical store there later in the month.
Flip, a consumer payment platform based in Indonesia, has closed a $55 million Series B extension round led by Tencent, with participation from Block (formerly known as Square) and existing backer Insight Partners.
Singapore’s manufacturing output increased 13.8 per cent year-on-year in May, backed by high demand for semiconductors in the midst of the worldwide chip shortage.
According to authorities, India’s government won’t be able to close the budget deficit this fiscal year as had been anticipated. Instead, it will try to keep it at last year’s level to prevent a significant decline in the nation’s finances.