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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

In official filing to US, S’pore denies trade surplus, rejects claims exports due to excess capacity

The Ministry of Trade and Industry said it understands US concerns with structural excess capacity and is ready to further engage the US on this issue.

Energy shock from Iran war to hit S’pore sectors like property and F&B; bunkering already affected

A prolonged disruption to global energy supplies poses risks of higher inflation and weaker growth in Singapore, and moderate demand for labour and wage growth.

MAS allows for stronger Singdollar, raises 2026 inflation forecasts on Iran war energy shock

MAS said prices of a wider range of imported goods and services are expected to increase in the months ahead.

No quick relief for oil and LNG prices as S’pore, Asia face uncertain return to normal supply: Analysts

Energy experts said that prompt or spot delivery prices of oil and liquefied natural gas (LNG) remain largely unmoved.

Singapore faces risk of slower growth, higher inflation as Middle East conflict drags on: DPM Gan

Deputy Prime Minister Gan Kim Yong said the ministry will continue to monitor economic developments closely and will update its gross domestic product forecast in May.

BioNTech to wind up Singapore vaccine manufacturing plant by early 2027

In 2022, BioNTech cited Singapore’s excellent business climate and rich talent among reasons why it plans to make Singapore its regional headquarters in South-east Asia.

MAS faces tough Singdollar policy decision in April amid risks of higher inflation, slower growth

ST20250721-202565000300-Lim Yaohui-Benjamin Lim-bnmas21/

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

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustainable, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

(ST PHOTO: LIM YAOHUI)

Shipping disruption from Middle East crisis reaches ports in Asia, including Singapore

There are longer queues, slower berth access, and rising delays for ships in the region.

Singapore seeks deeper ties with Germany to boost trade between ASEAN and EU: Gan Kim Yong

DPM Gan said beyond strengthening bilateral ties, Singapore and Germany can also cooperate on promoting multilateral relations between the European Union and Asean regions.

Electricity prices could stay higher for longer after attack on world’s top LNG plant

The expected increase in Singapore’s electricity tariffs in March will likely not be the last after Iranian missile strikes caused extensive damage to Qatar's LNG plant.