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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

S’pore retains lowest-tariff edge in Asia even as US court ruling narrows the gap

Trade-oriented economies like Singapore will be supported by any pickup in trade activity on lower tariffs.

Singapore to seek clarity from US counterparts on implementation of Trump’s new 15% tariff

Deputy Prime Minister Gan Kim Yong speaking to reporters at a doorstop about the US Tariffs at One Punggol CC on Feb 22.

AI emerges as cornerstone of Singapore’s new economic playbook

Experts believe AI’s transformational force will lift economic growth to the upper end of the 2 per cent to 3 per cent annual average Singapore has historically achieved.

Tax rebate and enhanced grants for firms to deal with competition, costs

The Government will provide a 40 per cent rebate on corporate income tax to help companies manage cost pressures and stay competitive.

Singapore lifts 2026 growth forecast to 2%-4% on AI outlook after economy outperforms in 2025

The forecast was upgraded after the Singapore economy grew 6.9 per cent in the final quarter of 2025, much better than expected.

S’pore to focus on remaining ‘top of mind’ for Asia-bound firms amid global uncertainty: EDB

EDB managing director Jermaine Loy said Singapore’s role goes beyond serving as a regional base.

S'pore netted bigger haul of $14.2b in investments in 2025 despite challenging environment: EDB

osedb09 - EDB chairman Mr Png Cheong Boon (left), and managing director Mr Jermaine Loy speaking at the agency's Year-In-Review 2025 media briefing on Feb 5, 2026.
Source: Singapore Economic Development Board

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.