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  • Business
    Reuters SG

    Steep discounts, new vessels spur demand for LNG to power ships

    Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources said. That is a far cry from record premiums of more than $1,000 a ton seen in September 2023, based on data from S&P Global Platts published on industry coalition SEA-LNG's website, after Russia sparked a global gas crisis in 2022 by reducing piped supplies to Western Europe after its invasion of Ukraine.

  • Business
    Reuters SG

    EMERGING MARKETS-Asian FX, stocks gain; Indonesian rupiah rises on surprise rate hike

    * Taiwan stocks up 2.9% * South Korean shares rise 2.1% * Indonesia raises interest rate by 25 bps (Updates at 0814 GMT) By Ayushman Ojha April 24 (Reuters) - Emerging Asian currency gained on Wednesday, with the Indonesian rupiah boosted by the central bank's unexpected rate hike, while Taiwan and South Korea led the Wall Street-inspired gain in equities. The rupiah advanced 0.5%, after Bank Indonesia's (BI) surprise 25 basis points rate hike to support the currency against risk aversion-linked selling and a delay in U.S. rate cuts.

  • Business
    MoneySmart

    HSBC Personal Loan Review 2024 — Is It Worth Taking A Loan?

    Thinking about a home renovation to spruce up your HDB flat or maybe a short loan to tide you over until your next paycheck? A personal loan might be just... The post HSBC Personal Loan Review 2024 — Is It Worth Taking A Loan? appeared first on MoneySmart Blog.