Amidst the Government announcing a series of support measures to cushion the impact of the Middle East situation, now in its sixth week, it will however not reduce petrol or diesel duties.«We do not think this would be the right move. It is too blunt an approach, and it could also be regressive,» said Senior Minister of State for Finance Jeffrey Siow as he delivered a ministerial statement — on what the Government is doing to support businesses, workers, and households — in Parliament on Tuesday (April 7).Addressing questions fielded by several Members of Parliament on the magnitude and speed of pump prices adjustments, the senior minister of state explained that as an open economy, Singapore must allow fuel prices to reflect market realities.
SINGAPORE — The US government has removed an official statement that wrongly claimed that Singapore had a bilateral trade surplus with the US, Minister of State for Trade and Industry (MTI) Gan Siow Huang said on April 7.She added that the Government will be attending upcoming public hearings on investigations under Section 301 of the US Trade Act, which will be held from May 5 to 8 in Washington.Singapore was named in a Section 301 probe launched by the Office of the US Trade Representative (USTR) on March 11 against more than 16 major economies, focused on alleged excess manufacturing capacity.The Republic is also involved in a second unfair practices probe, which the trade agency initiated into 60 economies on the importation of goods produced with forced labour.The USTR’s Federal Register Notice had highlighted Singapore as having a bilateral trade surplus with the US in both goods and services, amounting to US$27 billion (S$34.7 billion) in 2024.The MTI had said it would reach out to clarify the trade data, because Singapore actually recorded a deficit of the same amount.
As part of the Government's first tranche of support measures for businesses, households and industry sectors impacted by the ongoing Middle East conflict, it will share 50 per cent of cost increases for critical public sector construction projects.This was announced by Minister for National Development Chee Hong Tat in a social media post on Tuesday (April 7).Chee said: «It will be difficult for these firms to fully absorb the cost increases over a sustained period.»The Government will provide support to affected firms working on critical public sector projects by sharing 50 per cent of the cost increases due to additional diesel and bitumen costs incurred.«These include firms involved in earthworks, piling, roadworks, and reclamation.»He also urged private sector developers to similarly support their contractors by sharing the cost increases.The minister also highlighted other existing schemes that can provide relief for contractors.
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Former President Dr. Lazarus McCarthy Chakwera yesterday delivered a rare, fiery warning, making it clear that his trademark calmness and restraint should never be mistaken for political weakness. Speaking at the funeral ceremony of Sub-Traditional Authority Malembo in Lilongwe, Chakwera struck an unusually firm and emotional tone, appearing to send a strong message—albeit indirectly—to figures […] The post Chakwera spits fire: “My silence is not weakness” appeared first on Malawi Nyasa Times - News from Malawi about Malawi.
The NICO Group, which includes NBS Bank, ERIS Properties and Blantyre Hotels Limited, has reaffirmed its commitment to advancing Malawi’s private sector development by presenting a K200 million sponsorship to the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) in support of the institution’s upcoming Business Leadership Summit slated for April 22-24 2026 at […] The post NICO Group sponsors MCCCI’s 2026 Business Leadership Summit with K200 million appeared first on Malawi Nyasa Times - News from Malawi about Malawi.
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