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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 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.

ExxonMobil starts new plant in Singapore to produce higher-value products

ExxonMobil has begun production at a new residue upgrade facility at Jurong Island Singapore.

S’pore can focus on opportunities in a changing world to boost economic growth: DPM Gan

DPM Gan said Singapore should take advantage of the window of opportunities over the next few years to achieve a faster rate of growth.

Johor-S’pore SEZ assumes greater relevance as global economy becomes more challenging: Alvin Tan

Johor’s land and natural resources will come into play and complement Singapore’s strengths, said Minister of State for Trade and Industry Alvin Tan.

14 smaller WTO members, including Singapore, tie up to support open and fair trade

Economic observers have said that US President Donald Trump’s on-and-off-tariff policy threatens to depress global trade and stall economic growth, especially for small and open economies.