In The News

Cheaper oil could continue into 2015, to global benefit

IN the past two weeks, the oil price plunge has accelerated, capping a year in which oil has lost more than one-third of its market value. Crude oil, for instance, has fallen 36 per cent this year alone as it dipped to below US$70 a barrel.The impact of the oil price decline has generated divided opinion. On the one hand, policymakers are betting on this development to spur economic growth: lower...


PSA chairman conferred Belgian national honour

SingaporePSA Group chairman Fock Siew Wah was conferred a Belgian national distinction on Thursday.Mr Fock was bestowed the award of "Commander of the Order of the Crown" from King Philippe of Belgium for his merit, dedication and services rendered to the European nation.He received the award from Princess Astrid of Belgium, who was visiting PSA as part of the Belgian Economic Mission in...


PSA S'pore, Changi Airport Group win awards

SingaporeSINGAPORE port operator PSA Singapore and the Port of Singapore have won awards given out by industry body Supply Chain Asia. PSA Singapore was the Container Terminal of the Year, beating four other contenders including Hong Kong and Shanghai, said a statement from Supply Chain Asia. Port of Singapore is the Asia Container Port of the Year, beating three of China's ports and South...


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