Tag: economic impact

Strait of Hormuz Escort Operations Paused After Commercial Ship Hit in Suspected Attack Near Oman

Strait of Hormuz Escort Operations Paused After Commercial Ship Hit in Suspected Attack Near Oman

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Global concerns over maritime security have resurfaced after the United Nations’ International Maritime Organization (IMO) temporarily suspended its escort operations through the Strait of Hormuz following an attack on a commercial vessel near Oman. Taiwan-based shipping company Evergreen Marine confirmed that its Singapore-flagged vessel, Ever Lovely, was struck by an “unknown object” while sailing through […]

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US Tariffs Put S$4 Billion Worth of Singapore Pharma Exports at Risk — Exemption Talks in Progress

US Tariffs Put S$4 Billion Worth of Singapore Pharma Exports at Risk — Exemption Talks in Progress

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SINGAPORE — Pharmaceutical companies in Singapore are currently navigating a wave of uncertainty following the United States’ announcement of steep new tariffs on imported branded drugs. These tariffs — pegged at a staggering 100% — could impact nearly S$4 billion (RM13 billion) worth of Singapore’s pharmaceutical exports, putting jobs, innovation, and global supply chains at […]

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