Business News

Keppel Corp job cuts rise to more than 10,000; 3 Singapore shipyards to be closed

Keppel says 2016 net profit came in at S$784 million, 49 percent lower than the previous year.

Jan 27, 2017

By Bihu Ray

Here's how President Duterte sent Philippine Peso crashing to 7-year lows

Peso, shares down as Philippines Q4 GDP data disappoints

The Philippine GDP growth moderated to 6.6% annually in the three months to December from 7% in the previous two quarters.

Jan 26, 2017

By Boby Michael

TECHNICALS: Singapore dollar's medium term upside seen limited near 1.3600/USD

Fundamental news from the island economy on Thursday (Jan 26) had last year's employment data which was negative for the local currency.

Jan 26, 2017

By Boby Michael

Singapore jobs outlook gloomy as only 15% of employers look at hire in Q1 2017

Singapore 2016 employment growth lowest since 2003

Local employment grew modestly in 2016 and foreign employment contracted, the labour ministry said in its report.

Jan 26, 2017

By Jacob J

Singapore's GIC to invest $387 mln in Indonesian retail firm

Singapore wealth fund GIC acquires Wall Street tower for $1.48 bln

The 47-storey office tower of 1.6 million sqft is located 60 Wall Street.

Jan 25, 2017

By Jacob J

Singapore CPI Inflation returns after two years

Core inflation, excluding accommodation and private road transport stands at 1.2 percent.

Jan 23, 2017

By Jacob J

Netflix adds 7 million new customers, shares at all time high

The Crown, Gilmore Girls and Black Mirror are the main contents to help Netflix achieve its record breaking success in the global market

Jan 20, 2017

By Poulami Nag

China Q4 GDP grows 6.8 percent, slightly more than expectations, but rises debt risks

China GDP beats expectations to grow 6.8% in third quarter

Analysts say a cooling property market can be one of the major threats to China's economy in 2017.

Jan 20, 2017

By Samhati Bhattacharjya

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

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

Non-oil domestic exports grow 9.4 percent, petrochemicals shipment jumps 28.5 percent.

Jan 17, 2017

By Jacob J

Malaysian central bank pledges steps to steady Ringgit after fall below 4.5 against dollar

Bank Negara Governor Muhammad Ibrahim assures there are no plans to bring in capital controls.

Jan 14, 2017

By Jacob J

Blackstone, Warburg Pincus and Chinese group in fray to take over Global Logistics – Report

Singapore's state investment firm GIC holds 37 percent in the warehouse company in GLP.

Jan 13, 2017

By Jacob J

China's Alibaba secures $3 billion loan to finance acquisition spree

Ambition or PR gambit? Alibaba's Jack Ma pledges to become biggest employer in US

The office of the US Trade Representative put Alibaba's electronic sales platform Taobao on a blacklist last month.

Jan 11, 2017

By Jacob J

McDonald's sells controlling stake in China, Hong Kong business

Offloading of restaurants will help McDonald's go light on operations while keeping a cut of the sales.

Jan 9, 2017

By Jacob J

Malaysian ringgit, Asia's worst performing currency, to fall further in 2017

Ringgit's fate also depends on how far and how fast the US Federal Reserve increases interest rates.

Jan 5, 2017

By Jacob J

Singapore central bank shuts down Faclon Bank operations

Falcon Bank manager charged in Singapore over 1MDB money laundering

Swiss national Jens Fred Sturzenegger plans to plead guilty to charges.

Jan 5, 2017

By Jacob J

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