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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

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.

Singapore manufacturing surge powers 2025 growth to highest since 2021 amid AI boom

The economy grew 5.7 per cent year on year in the fourth quarter of 2025, up sharply from 4.3 per cent in the third quarter.

In a triumph over tariffs, the world is trading more than ever

OAKLAND, CALIFORNIA - OCTOBER 10: In an aerial view, tugboats assist a container ship as it arrives at the Port of Oakland on October 10, 2025 in Oakland, California. U.S. President Donald Trump is threatening to impose a massive increase of tariffs on Chinese imports in response to China's announcement of new export controls on rare earths. China controls an estimated 70% of the global supply of rare earths minerals.   Justin Sullivan/Getty Images/AFP (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

AI dues are coming as soaring demand for memory chips set to boost computer prices

In January 2025, Micron Technology broke ground for Singapore’s first high bandwidth memory advanced packaging plant worth US$7 billion (S$9.05 billion) in investment.

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.