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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

BioNTech to wind up Singapore vaccine manufacturing plant by early 2027

In 2022, BioNTech cited Singapore’s excellent business climate and rich talent among reasons why it plans to make Singapore its regional headquarters in South-east Asia.

MAS faces tough Singdollar policy decision in April amid risks of higher inflation, slower growth

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Generic photograph of the lobby of Monetary Authority of Singapore (MAS) building at 10 Shenton Way on July 21, 2025. 

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustainable, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

(ST PHOTO: LIM YAOHUI)

Shipping disruption from Middle East crisis reaches ports in Asia, including Singapore

There are longer queues, slower berth access, and rising delays for ships in the region.

Singapore seeks deeper ties with Germany to boost trade between ASEAN and EU: Gan Kim Yong

DPM Gan said beyond strengthening bilateral ties, Singapore and Germany can also cooperate on promoting multilateral relations between the European Union and Asean regions.

Electricity prices could stay higher for longer after attack on world’s top LNG plant

The expected increase in Singapore’s electricity tariffs in March will likely not be the last after Iranian missile strikes caused extensive damage to Qatar's LNG plant.

Singapore GasCo to buy more LNG cargoes if needed, says EMA, as global energy concerns rise

**ONLY PHOTOS WITHIN SLNG ALLOW AND ONLY CERTAIN ANGLES ALLOW, NO TAKING OF FIRE BURNING OR ZOOM INTO OTHER FACILITIES IN JURONG ISLAND AS REQUESTED**

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As part of a package on how energy gets from source to our homes, ST will be touring a SLNG terminal on Jurong Island.

Location	SLNG Guardhouse 6 Meranti View Jurong Island,

Singapore could face double whammy of rising energy costs and higher US tariffs

An oil tanker (L) refuels a container vessel docked at Pasir Panjang port terminal in Singapore on March 10, 2026. (Photo by Roslan RAHMAN / AFP)

LNG supply crunch worsening for S'pore and Asia, as signalled by string of force majeure notices

Most analysts believe between 15 per cent and 20 per cent of Singapore LNG imports come from the Middle East.

Singapore consumers in for higher petrol, electricity prices as oil spikes past US$100

Consumers and businesses in Singapore may soon see petrol prices rise again after a round of hikes last week.

Singapore still subject to 10% US tariff as no official word yet on higher 15% rate: Gan Siow Huang

The Government is ready to roll out further measures to support business and workers if needed, said Ms Gan Siow Huang, Minister of State for Trade and Industry.