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Ovais Subhani

Senior Business Correspondent

Ovais joined The Straits Times in 2019, months before the Covid-19 pandemic, and made everyone realise why access to technology and free trade is vital to their lives. He started his career in Singapore with Reuters in 2000 as its Asia treasury correspondent, covering the region’s currency and bond markets. He also worked as the South-east Asia markets correspondent. Before ST, Ovais was news editor at Bloomberg’s world commodities desk. The experience at the newswires gives Ovais an understanding of how the economy and capital markets work and how policy choices affect everything.

Latest articles

Economists raise their Singapore growth forecasts for 2025 and 2026: MAS survey

Private-sector economists expect Singapore’s economy to grow 4.1 per cent in 2025 and 2.3 per cent in 2026, higher than their previous forecasts

S’pore is committed to high-value, low-carbon energy and chemicals manufacturing: DPM Gan

Deputy Prime Minister Gan Kim Yong speaking at the opening ceremony of ExxonMobil’s resid upgrade facilities on Jurong Island on Dec 16.

JTC lays groundwork for Singapore’s push in world-class advanced manufacturing

The newly completed Bulim Square offers over 110,000 sq m of ready, sustainable factory space to the advanced manufacturing ecosystem.

China’s ChemLex unveils in Singapore an AI-powered drug discovery lab run by robots 

Founded in 2022 in Shanghai, ChemLex uses artificial intelligence and machine learning to radically accelerate discovery of synthetic molecules for the pharmaceutical industry.

Singapore’s growth will slow but broaden to non-electronics as tariff tensions ease

Analysts believe that US tariffs will continue to cap the growth upside for Singapore and most of its Asian trading partners.

Singapore hikes 2025 GDP growth forecast to around 4%, sees 1%-3% growth in 2026

A stronger-than-anticipated AI boom boosted Singapore's exports and drove up economic growth in the third quarter.

Malaysia, Paraguay join new trade grouping as ministers of member nations meet for first time

The first in-person ministerial meeting of the Future of Investment and Trade (FIT) Partnership issued a declaration on supply chain resilience to enhance cooperation and coordination in identifying or mitigating ongoing or imminent major supply chain risks and disruptions.

GlobalFoundries acquires Singapore semiconductor firm amid AI data centre boom

The move will strengthen Singapore’s position as a trusted, advanced semiconductor manufacturing and innovation hub, and a critical node in the global chip supply chain.

S’pore needs to keep up with global tax changes to stay competitive in tough times: Jeffrey Siow

The Government is closely monitoring international developments regarding the global tax regime, and if necessary, review its approach, said SMS Jeffrey Siow.

MAS keeps Singdollar policy unchanged as it weighs low inflation v tariff risks to growth

Generic photograph of the lobby of Monetary Authority of Singapore (MAS) building at 10 Shenton Way on July 21, 2025.