Tag: economic impact

Strait of Hormuz Escort Operations Paused After Commercial Ship Hit in Suspected Attack Near Oman

Strait of Hormuz Escort Operations Paused After Commercial Ship Hit in Suspected Attack Near Oman

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Global concerns over maritime security have resurfaced after the United Nations’ International Maritime Organization (IMO) temporarily suspended its escort operations through the Strait of Hormuz following an attack on a commercial vessel near Oman. Taiwan-based shipping company Evergreen Marine confirmed that its Singapore-flagged vessel, Ever Lovely, was struck by an “unknown object” while sailing through […]

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Trump Pulls Back Strike Threat Against Iran, Signals Possible Peace Deal Within Days

Trump Pulls Back Strike Threat Against Iran, Signals Possible Peace Deal Within Days

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The possibility of a major breakthrough in the long-running tensions between the United States and Iran emerged after US President Donald Trump announced that he had withdrawn plans for additional military strikes and indicated that a peace agreement could be signed within the coming days. Speaking confidently about ongoing negotiations, Trump stated that discussions had […]

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US Tariffs Threaten S$4 Billion in Singapore Pharma Exports – DPM Gan Assures Ongoing Talks, Possible Exemptions

US Tariffs Threaten S$4 Billion in Singapore Pharma Exports – DPM Gan Assures Ongoing Talks, Possible Exemptions

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SINGAPORE, Sept 27 — A looming wave of US-imposed tariffs has sent ripples through Singapore’s pharmaceutical sector, which exports close to S$4 billion (RM13 billion) worth of high-value, branded drugs to the United States annually. Deputy Prime Minister Gan Kim Yong, who also serves as Singapore’s Trade Minister, addressed growing concerns today, stating that pharmaceutical […]

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