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IMF warns govts not to rock the boat in choppy economic waters

WASHINGTON • The International Monetary Fund (IMF) has warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that means one has to be very careful,” IMF first deputy managing director David Lipton told […]

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Singapore not origin of meth seized in Australia

A shipment of 585kg of methylamphetamine, or Ice, which the Australian authorities found concealed in fridges, did not originate from Singapore. The Singapore Customs and the Central Narcotics Bureau (CNB) said in a joint statement that this is according to preliminary investigations into the March 30 bust by the Australian authorities. “(It) was passing through […]

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Jewel Changi Airport will be a Singapore icon, says architect

Multi-award-winning architect Moshe Safdie says he expects Jewel Changi Airport to become a powerful icon for Singapore. Mr Safdie, 80, who also designed Marina Bay Sands, said he did not expect MBS to become a landmark symbol of Singapore, possibly exceeding the status of the Sydney Opera House. “I do predict now, though, that Jewel […]

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IMF warns against trade wars as world economy slows

WASHINGTON • The International Monetary Fund (IMF) has warned policymakers that the global economy is not out of the woods yet, and that actions such as trade wars risk upsetting the apple cart. IMF first deputy managing director David Lipton said on Friday that the global financial institution sees a downside risk to economic growth […]

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Jokowi, Prabowo make final pitch before polls

It was a vintage performance by Indonesian President Joko Widodo, who, at his final campaign rally yesterday, showed why he has been dubbed the “people’s president” with polls showing he remains the favourite to win Wednesday’s national election. Mr Joko began his address to supporters packed into the Gelora Bung Karno stadium with a reminder […]