Business News

Singapore's SGX sees IPO business plunging on tough regional competition

The SGX had the smallest haul of new share sales among the region's four largest stock markets in 2015.

Mar 31, 2016

By Boby Michael

Boeing cuts thousands of jobs to retain price competitiveness

European rival Airbus has inched ahead of Boeing in terms of future orders, spurred by its fuel-efficient A320neo family of planes.

Mar 30, 2016

By Jacob J

China slowdown, global headwinds will stymie Asia growth in years ahead

Southeast Asian economies will post stronger growth in the next two years, led by Indonesia.

Mar 30, 2016

By Jacob J

Asian currencies rally as Yellen drives dollar lower; Malaysian ringgit at 7-month high

The ringgit has rallied more than 5% this month and the Singapore dollar is the second best with a 3.6% rise from February closing.

Mar 30, 2016

By Boby Michael

Bank of England's new capital framework unlikely to impact banking system: HSBC

The BoE said it would raise the rate of the capital buffer that it requires financial institutions to have from 0% to 0.5%, effective 29 March 2017.

Mar 30, 2016

By Boby Michael

SembCorp signs long-term power supply deal with Myanmar

The long-term power purchase agreement was signed with Myanma Electric Power Enterprise (MEPE).

Mar 30, 2016

By Jacob J

Anbang sweetens offer for Starwood to $14 billion to trump Marriott

Starwood, which had accepted Marriott's $13.6 billion cash-and-stock offer, said it is weighing Anbang's offer.

Mar 29, 2016

By Jacob J

Gold drops to 1-month low as dollar rallies on Fed rate hike view

The yellow metal fell to as low as $1207/ounce on Monday, its lowest since 22 February, and at the low, it was down 2.5% on the month.

Mar 28, 2016

By Boby Michael

Vietnam sharply lowers growth expectations due to disaster impacts

In the first quarter of 2016, the country is estimated to have grown 5.46%, down from the 6.12% growth recorded in the same period last year.

Mar 28, 2016

By Boby Michael

Halcyon joins China's Sinochem to create world's biggest natural rubber supplier

The deal will create world's largest and most comprehensive natural rubber supply chain manager.

Mar 28, 2016

By Jacob J

US economy expands 1.4% in fourth quarter; corporate profits fall

Corporate profits decreased $159.6 billion in the fourth quarter, compared with a decrease of $33.0 billion in the third.

Mar 26, 2016

By Jacob J

Singapore Budget 2016: S$4.5 billion for industry transformation scheme

Heng offered relaxation in the foreign worker levy for struggling marine and process sectors.

Mar 25, 2016

By Jacob J

Bank of Thailand leaves rates despite slowing growth, Thai baht falls

The BoT held its benchmark one-day bond repurchase rate at 1.5% in a unanimous decision and in line with expectations.

Mar 23, 2016

By Boby Michael

Deflation deepens in Singapore despite rising food prices, currency weakens further

The consumer price index fell 0.8% in February, deeper than the 0.6% fall happened in January.

Mar 23, 2016

By Boby Michael

StarHub takes 9% stake in mm2 Asia to drive pay TV offerings in Singapore

Headquartered in Singapore, mm2 Asia is a producer of content for TV and online platforms, and films

Mar 23, 2016

By Jacob J

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