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  • News
    Reuters SG

    Trafigura orders four ammonia-powered ships, first one to come in 2027

    Commodity trading house Trafigura has ordered four medium gas carrier ships that can be powered by ammonia to cut shipping emissions, with the first vessel to be delivered in 2027, the company said in a statement on Thursday. The newbuild vessels will be used to transport liquefied petroleum gas or ammonia, and will each come equipped with a dual-fuel low-carbon ammonia engine. Trafigura currently manages around 400 ships and handles more than 5,000 voyages a year.

  • Business
    Reuters SG

    EMERGING MARKETS-Asian equities slip on Fed decision; Indonesia drops as inflation rate eases

    * Indonesia stocks slip 1.6% * Indonesia's annual CPI +3.0% in April vs +3.05% in March * Thai baht biggest gainer in the region * Mainland China markets closed for holiday (Updates at 0618 GMT) By Echha Jain May 2 (Reuters) - Stocks in Indonesia extended losses on Thursday as data showed that the country's inflation rate had eased, while other equities in the region slipped after the U.S. Federal Reserve flagged possible delays to interest rate cuts this year. Equities in Jakarta slipped 1.6%, while the rupiah was flat at about 16,185 per U.S. dollar. Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said, staying within the central bank's target range of 1.5% to 3.5%.

  • Business
    MoneySmart

    Additional Buyer’s Stamp Duty (ABSD): What Is ABSD In Singapore? What Are The Rates? (2023)

    When you buy a home, you’re not just paying for that nice new flat or apartment. There are actually quite a few other things you’ll be spending thousands on, including... The post Additional Buyer’s Stamp Duty (ABSD): What Is ABSD In Singapore? What Are The Rates? (2023) appeared first on MoneySmart Blog.