Business News

SembCorp signs long-term power supply deal with Myanmar

Sembcorp reports net loss in 3rd quarter, cuts 8,000 jobs and freezes salaries

'Higher financing costs, customers deferring rig deliveries and losses from associates affected bottomline'

Oct 26, 2016

By Jacob J

CapitaLand sets up $2 billion Raffles China investment vehicle

Raffles vehicle will help Singapore's' largest developer reach the target of S$10 billion in investments by 2020.

Oct 25, 2016

By Jacob J

Singapore economic growth to stall as export outlook remains gloomy

Growth in visitor arrivals was flat in Q2, following a fall in tourist numbers from China and Indonesia.

Oct 25, 2016

By Jacob J

Singapore: Govt to launch smart meter trial for electricity, water and gas

Singapore to launch smart meter trial for electricity, water and gas

Officials claim the new trial smart solutions would help in reading all three meters remotely, reliably and cost-effectively.

Oct 24, 2016

By Samhati Bhattacharjya

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

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

The IEA, an autonomous group set up in 1974, is made up of 29 member countries.

Oct 24, 2016

By Jacob J

AirAsia alerts public on online scam claiming to give free flight tickets

AirAsia offers up to 50% discount on flights: Check details

The passengers travelling long-haul can avail the discounts while purchasing the award-winning Premium Flatbed products of AirAsia X.

Oct 24, 2016

By Samhati Bhattacharjya

Temasek hires Goldman executive to ramp up North America business

Singapore's Temasek invests $350 mln in China health sector JV

Bain Capital invested $150 million in Chian health sector through Asia Pacific Medical Group.

Oct 20, 2016

By Jacob J

Germany's Evonik to set up second methionine plant on Jurong Island

The new plant will create more than 150 new jobs, the company said.

Oct 19, 2016

By Jacob J

China's economy expands 6.7% in Q3, as Govt spending offsets weak exports

The Chinese government's growth target for the full year is of 6.5-7 percent.

Oct 19, 2016

By Jacob J

ST engineering writes down $61 mln; production at China JV halted

ST Engineering says its electronics and aerospace arms win multi-million dollar contracts.

Oct 18, 2016

By Jacob J

Billionaire James Packer says concerned over arrest of 18 Crown staff

Arrest of Crown staff: China wants stiffer control over gaming in Macau

Crown staff were arrested in raids in Shanghai, Beijing, Guangzhou and Chengdu.

Oct 18, 2016

By Jacob J

Singapore exports to China weakest in seven year; dives 25% in January

Singapore exports continue to decline as China slowdown bites

The drop in exports was lower than a median forecast of a 6.0 percent slump forecast in a Reuters poll.

Oct 17, 2016

By Jacob J

China exports and imports fall more than expected in July due to weakening demand

China's GDP growth rate hardly masks fundamental weaknesses

China is targeting gross domestic product growth of 6.5 to 7 percent this year, after 6.9 percent last year.

Oct 15, 2016

By Reuters

Singapore dollar sinks to 7-month lows after poor GDP data

Monetary Authority says 2016 economic growth would come in at the lower end of the 1-2 percent forecast.

Oct 14, 2016

By Jacob J

HP says will cut up to 4,000 jobs; gives cautious outlook

HP says will cut up to 4,000 jobs; offers cautious outlook

HP currently has about 50,000 employees worldwide.

Oct 14, 2016

By Jacob J

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