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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

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. 

Micron sees demand rising for its Made-in-Singapore flash memory chips amid AI boom

oschip08 - Artist impression of Micron's new HBM chip plant in Singapore


Source: Micron Technology

Singapore may seek cap on US pharma tariffs like Japan and EU, says DPM Gan

Deputy Prime Minister Gan Kim Yong said Singapore’s main concern was the longer-term negative impact on the overall investment climate.

Trump’s pharma tariffs threaten future investments even as immediate impact to S’pore seen as mild

Asian stocks fell on Sept 26, with pharmaceutical companies leading the decline.

Singapore’s economic gallop may turn to a trot as US tariffs hamstring global trade

Asian exporting nations, including Singapore, being the most exposed to US final demand, are likely to suffer the most.