The Sterling's decline to multi-year lows against the Singapore dollar in the wake of Britain's decision to leave the European Union has presented big questions for companies, individuals, and investors. Channel NewsAsia assesses who might stand to lose or gain in the current conditions.
The central bank says Singapore has been prepared for the market volatility ensuing Brexit, and will continue to be vigilant and stay in close contact with fellow central banks and regulators, as uncertainty is likely to persist following the referendum outcome.
The biomedical manufacturing cluster’s output jumped 13.2 per cent during the month, while the transport engineering sector's output fell the most at 17.2 per cent.
The statement comes after speculation that SIA was interested in acquiring Virgin Australia, following news that Air New Zealand plans to sell its 25.9 per cent stake in the Australian airline.
Homegrown company Tong Chiang Group is a beneficiary, winning a deal with Korean food company Korea Bio Plant to bring its instant steamed rice technology to China.
The Singapore team had won for its campaign "Break the Silence", which helps victims and informants report sexual violence through an online tool.
Singapore is the only Asian city in the top five, ranked behind New York, the San Francisco Bay Area, London and Stockholm, according to Dell's Women Entrepreneur Cities Index.
Singapore's consumer prices fell 1.6 per cent last month, following a 0.5 per cent decline in April and a 1 per cent fall in March.
The central bank says that its move is in recognition of the steady and calibrated liberalisation of China’s financial markets, as well as the growing acceptance of RMB assets in the global portfolio of institutional investors.
The trade agency wants to help companies meet the manpower demand for talent with global experience.