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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

FTA between S’pore, Paraguay comes into effect under deal on lower tariffs with South American bloc

Minister for Foreign Affairs Dr Vivian Balakrishnan with [from left] Argentina President Alberto Fernández, Paraguay President Santiago Peña, Brazil President Luiz Inácio Lula da Silva, and Uruguay President Luis Lacalle Pou, at the signing ceremony for the MERCOSUR-Singapore Free Trade Agreement in Rio de Janeiro, 7 December 2023. Credit: Ricardo Stuckert

Made in the US, sourced globally: Why American firms aren’t spared the impact of Trump’s tariffs

S’pore to encourage firms to take more risks to capture growth opportunities amid changing world

(From left) Singapore Acting Minister for Transport Jeffrey Siow, DPM Gan Kim Yong and Acting Minister for Culture, Community and Youth David Neo speaking to the media about the ESR on Jan 29.

Singapore rolls out 7 strategies to secure growth, good jobs amid tariff and AI threats

The recommendations included proposals on sustaining economic growth at the higher end of the 2 per cent to 3 per cent average over the next 10 years.

MAS focus turns to inflation risk amid Singapore’s strong growth trajectory

A growing cohort of economists expects MAS to up its defences against inflation by tightening its Singapore dollar policy in 2026.

Market sell-off over Greenland shows Trump’s unpredictable ways can overturn positive 2026 outlook

The US stocks benchmark S&P 500 dropped 2 per cent, erasing its 2026 gains.

Trump’s semiconductor tariffs to have minimal impact on Singapore for now: MTI

Certain advanced chips and specified derivative products will now face a 25 per cent tariff when imported into the US.

MPA offers more LNG bunkering licences to address growing demand for cleaner marine fuels

Industry experts say that demand for LNG bunkering has grown significantly over the past few years.

Oil prices unlikely to be hit in the near term following US capture of Venezuela’s Maduro

Pipelines and an oil pump jack are seen in an oil field near Lake Maracaibo in Venezuela. Most analysts believe oil prices will continue to fall through 2026 amid a global supply glut.

Singapore may not top its 2025 GDP surge, but can still defy blow from US tariffs in 2026

Most analysts believe Singapore can achieve enough economic growth in 2026 to keep unemployment low and wages up.