Business News

CapitaLand acquires Guozheng Center as it ditches Innov Tower in Shanghai

According to CapitaLand President and Group CEO Lim Ming Yan, this goes to show that China continues to be an attractive core market for the group.

Jun 2, 2017

By Kiersnerr Gerwin Tacadena

NWC submits $60 wage hike proposal for low-wage workers

It suggested an increase of around $50 to $65 for workers earning a basic monthly salary of up to $1,1000.

Jun 2, 2017

By Kiersnerr Gerwin Tacadena

Investors monitor stock market prices in Kuala Lumpur

SGX wants more tech startups to launch IPOs in Singapore

Singapore Exchange is aiming to make itself an attractive listing for technology firms to launch an initial public offering on.

Jun 1, 2017

By Kiersnerr Gerwin Tacadena

Biggest supermoon in almost 70 years to be seen from Singapore on Nov 14

SIA adds Stockholm as second Scandinavian destination

Singapore Airlines' flights to Sweden's capital will boost connectivity between Southeast Asia and Northern Europe.

Jun 1, 2017

By Kiersnerr Gerwin Tacadena

Singapore economy expands by 1.8 per cent in Quarter 1

More private firms turn unprofitable, pulling down wage hikes, says MOM

Amongst the private firms with low-wage employees earning a monthly basic wage of up to $1,100, only 2 in 5 granted wage increases.

May 31, 2017

By Kiersnerr Gerwin Tacadena

Proton-Geely deal may boost production plans but raises doubts over saleability

Proton, under the conglomerate DRB-Hicom will see Chinese automaker Zhejiang Geely Holding Group acquiring a 49.9% stake in the company.

May 30, 2017

By Ushar Daniele

Airbnb to expand in Indonesia, Korean Air expands wings in Lombok

Airbnb's country manager said Indonesia was an important country not only in the Southeast Asia region but also for the entire Asia Pacific region.

May 30, 2017

By Ushar Daniele

Singapore exports jump in December on back of 40% rise in China shipments

Singapore shipyard faces nosedive as industry cuts workforce

Last year was a dismal one for Singapore shipyards as they recorded fewer orders compared to 2015.

May 29, 2017

By Kiersnerr Gerwin Tacadena

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

Indonesia to become LNG net importer by 2020

The Jakarta Post reported that the annual growth rate of 4% was attributed to the biggest demand coming from the power generation sector.

May 29, 2017

By Ushar Daniele

Electronics sector sparks 6.7% growth in Singapore's manufacturing output

The robust electronics cluster has once again boosted overall manufacturing output of Singapore, which grew 6.7% in April.

May 26, 2017

By Kiersnerr Gerwin Tacadena

Indonesian oil firm Pertamina 1Q2017 profit slumps due to raw material price surge

Prices of crude oil grew by 59.3% to US$51 per barrel from US$32 per barrel in the same period.

May 26, 2017

By Ushar Daniele

UMW to double up Toyota production by 2019

Group president and chief executive officer, Badrul Feisal Abdul Rahim, said Toyota will be introducing four new facelift models in the second half of the year.

May 26, 2017

By Ushar Daniele

Bursa Malaysia launches two indexes to capture traction, BNM calls for banks to adopt new innovations

Malaysia's central bank, Bank Negara Malaysia has urged the banking industry to adopt new innovation in their product offering to meet the demands of the new economy.

May 25, 2017

By Ushar Daniele

Singapore economy growth slows down, grows by 2.7% in Q1

On a quarterly basis seasonally-adjusted annualised basis, the economy contracted by 1.3% after posting a rebound of 12.3% last quarter.

May 25, 2017

By Kiersnerr Gerwin Tacadena

Bank Indonesia calls for structural reform to achieve 7% economic growth

BI was on alert for inflationary pressures after the nation's inflation peaked 4.17% YoY in April.

May 25, 2017

By Ushar Daniele

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