The Port of Singapore is not a mere economic boon, but an economic necessity because Singapore is lacking in land and natural resources. The Port is critical for importing natural resources, and then later re-exporting products after they have been refined and shaped in some manner, for example wafer fabrication or oil refining to generate revenue. The service industries such as hospitality services typical of a port of call restock the food and water supplies on ships. Ships pass between the Indian Ocean and the Pacific Ocean through the Singapore Strait. The Straits of Johor on the country's north are impassable for ships due to the Johor-Singapore Causeway, built in 1923, which links the city of Woodlands, Singapore to Johor Bahru in Malaysia.
The Singapore dollar or dollar (Malay: Ringgit Singapura, sign: $; code: SGD) is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
Singapore continued to use the common currency upon joining Malaysia in 1963, but only two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down.
Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967 and issued its first coins and notes. Nevertheless, the Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973, and interchangeability with the Brunei dollar is still maintained.
Pearl smuggler Matt Gordon (Fred MacMurray) finds romance with Linda Grahame (Ava Gardner) just before the start of World War II. He proposes to her, and she accepts. However, when the Japanese attack Singapore, the church where she is waiting to marry him is bombed; Gordon searches frantically in the wreckage, but cannot find her. He is forced to sail away on his schooner.
With the end of the war, Gordon returns after five years and is met by Deputy Commissioner Hewitt (Richard Haydn), who is convinced he has returned for a hidden cache of pearls. So are Gordon's old criminal associates, Mr. Mauribus (Thomas Gomez) and his underling Sascha Barda (George Lloyd). Mauribus offers to buy the pearls, but Gordon denies he has any.
Project officials have said they hope the brand new "PortCity," an area of reclaimed land, will attract billions of Dollars for trade, banking and offshore services similar to what is available in Dubai and Singapore, two of its potential competitors. Named the "Colombo Port ...
Avoid narrow definition of 'Singapore core', says DPM Heng ... Ms Jessie Yeo, executive secretary of the Singapore PortWorkers Union and human resource director at the National Trades Union Congress, said this would ensure workers who have upgraded themselves can put their new skills to use, instead of returning to "the old ways of working".
Bloomberg ... Concerns persist over the spread of COVID-19 in Asia, which has tempered further gains ... Some local ports have declared force majeure due to staffing shortages. Elsewhere in the region, Singapore is to reimpose curbs, Japan plans to extend restrictions and China saw its first COVID-19 infections in about a month ... .
The world’s first barge-to-ship methanol bunkering operation took place in the Port of Rotterdam demonstrating according to the participants the simplicity of methanol bunkering for the marine industry ... The 49,800 dwt product tanker Takaroa Sun was fueled during the operation in the Port of Rotterdam on May 11.
Rollover rates at container ports and for lines continued to worsen in April this year according to project44 ... The average rollover rates for all ports and lines surveyed stood at 39% ... While the world’s two largest container ports – Shanghai and Singapore – stood at 39% and 43% respectively.