Business News

Chinese yuan at 3-month low on US rate hike speculation, charts suggest 5-year low soon

Charts suggest that the pair is now likely to break the January high of 6.60 making a new 5-year low for the yuan.

May 27, 2016

By Boby Michael

Retail firm Metro says Q4 net profit plunges 85%, shares drop

The full-year net profit fell 20.4% to S$113.3mn from previous year's S$142.4mn.

May 26, 2016

By Boby Michael

Singapore dollar hovers near 2-month low as data shows GDP growth rate stabilises below 2%

The government has maintained its 2016 GDP forecast range at 1-3%.

May 25, 2016

By Boby Michael

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore economy expands 1.8 percent in first quarter; outlook grim

Singapore's GDP forecast to expand 1.0 to 3.0 percent in 2016.

May 25, 2016

By Samhati Bhattacharjya

Singapore orders closure of Swiss bank BSI linked to 1MDB

MAS asks state prosecutors to investigate six senior executives of BSI Bank.

May 24, 2016

By Samhati Bhattacharjya

Singapore's e-commerce market to increase S$7.46 billion by 2025

Singapore e-commerce market to expand to $7.46 bln by 2025 - Temasek report

Singapore is the most active country in the region in terms of venture capital and startup enterprises.

May 24, 2016

By Samhati Bhattacharjya

An activist demanding jobs in a demostration in Taipei

Recession-hit Taiwan sees jobless rate rising to 2-year high in April

The seasonally adjusted unemployment rate came at 3.97% in April, its highest since June 2014 and up from 3.92% in March.

May 23, 2016

By Boby Michael

Singapore headline deflation eases and core inflation ticks up, helping SGD strengthen

MAS says it expects the core inflation to continue to accelerate and disinflationary effects of recent policy actions to ease going forward.

May 23, 2016

By Boby Michael

Singapore: Consumer price and GDP data crucial for next week

The April consumer price data is due on 23 May and the final Q1 GDP data will be out on 25th.

May 21, 2016

By Boby Michael

Asian currencies fall on Fed rate hike speculation with ringgit the worst performer

The Philippine Peso has, however, been the sole gainer.

May 21, 2016

By Boby Michael

PM Lee: Russia offers investment opportunities in the long term

Lee makes first trip to Russia in 40 years to attend the ASEAN-Russia Commemorative Summit in Sochi.

May 21, 2016

By Jacob J

Singapore Airlines takes full control of Tiger Airways

Eight Asian budget carriers form alliance to expand network

Value Alliance offers flights to more than 160 destinations.

May 16, 2016

By Jacob J

Singapore Technologies Eng. reports 15% fall in Q1 net profits

Earnings per share (EPS) dropped 15 percent compared with the same quarter a year ago, to 3.53 cents.

May 13, 2016

By Jacob J

Apple invests $1 billion in Didi Chuxing, Uber rival in China

The iPhone maker has been working on an autonomous vehicle and has hired hundreds of engineers.

May 13, 2016

By Jacob J

Olam International Q1 net profit surges more than 200 percent

Total revenues jumped 10.2 percent to $4.76 billion in the first quarter,

May 13, 2016

By Jacob J

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