Economy

Singapore's Regulators Hint at Further Job Losses in Financial Sector as Country Battles Recession

MAS Deputy MD Jacqueline Loh has urged the financial institutions to train the local workforce and commit to employing Singaporeans in the coming days

Aug 12, 2020

By Krishnendu Banerjee

Coronavirus

Billionaire James Packer says concerned over arrest of 18 Crown staff

China Reinstates Macau Tourist Visas; Boon for Casinos?

Macau is set to welcome an influx of gamblers after China announced that tourist visas would be reinstated for all provinces from September 23

Aug 11, 2020

By IBTimes APAC Desk

Singapore Records Worst Quarterly Performance as GDP Contracts 43%; Outlook Lowered

Singapore's GDP shrank 13.2% on a year-on-year basis in the quarter ended June 30.

Aug 11, 2020

By R. Ghosh

Coronavirus

Aramco Profit Plunge, IMF Warning; Where is Saudi Arabia's Economy Heading?

The IMF has warned that the country's economy could shrink 6.8% in 2020, its steepest decline in more than 30 years.

Aug 10, 2020

By R. Ghosh

Can Anti-China Sentiment Open up Golden Opportunity for Singapore's Manufacturing Sector?

With countries looking to reduce over-reliance on China due to Coronavirus pandemic and political tensions, Singapore is best positioned to be the next manufacturing hub

Aug 9, 2020

By Krishnendu Banerjee

Coronavirus

Facebook, Disney and TikTok Now Need to Pay 10% VAT to Operate in Indonesia

The country's tax department aims to make up for a portion of the revenues lost due to the pandemic from the newly imposed 10% VAT.

Aug 7, 2020

By R. Ghosh

Coronavirus Facebook Amazon prime Netflix

Indonesia's Economy Contracts For the First Time in More Than 2 Decades in the Second Quarter

Household consumption that makes up around half of the nation's GDP, fell by 5.5% in the second quarter compared to last year, while investment was down 8.61%

Aug 5, 2020

By IBTimes SG Desk

HSBC Shares Plummet as Profit Shrinks 65% and Pandemic Causes Bad Loan Surge

HSBC has set aside up to $13 billion for bad loans as it believes more people and businesses will default in the second half.

Aug 3, 2020

By R. Ghosh

Coronavirus

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

US Economy Probably Suffered Historic Plunge in Second Quarter

The Federal Reserve Chair Jerome Powell on Wednesday acknowledged that there is a slowdown in the activity

Jul 30, 2020

By IBTimes APAC Desk

Coronavirus

German Economy Shrinks by Record 10.1% in the Second Quarter Amid Coronavirus Pandemic

The gross domestic product in the largest economy of Europe declined by 11.7 percent from April to June

Jul 30, 2020

By IBTimes APAC Desk

Coronavirus

US Dollar Sinks to 2-Year Low; Goldman Sachs Warns on Reserve Currency Status

The dollar index against six major currencies went from trading around at $100 to $93.713 in just two months.

Jul 29, 2020

By R. Ghosh

Coronavirus

Gold Price Crosses Record $2,000 on Fears of Inflation and Near-Term Market Crash

Gold extended its record-breaking rally on Tuesday with the precious metal crossing $2,000 for the first time ever.

Jul 28, 2020

By R. Ghosh

Coronavirus

Huawei Cuts India Revenue Forecast by 50%, Hints at Massive Lay Off Amid Growing Anti-China Sentiments

Huawei is now expecting revenues between $350 and $500 million in India for the fiscal year 2020 and plans to lay off 60-70% of its workforce in the country

Jul 27, 2020

By R. Ghosh

Huawei 5g

OUTLOOK: Gold Price Zooms Past $1,900; Poised to Break All-Time Record Soon

The yellow metal has gained around 20 percent this year, making it one of the best performing major asset classes of 2020.

Jul 25, 2020

By R. Ghosh

Soaring Public Deficit Can Cause Collapse of US Dollar, Warns Former IMF Official

The global role of the dollar now seems more complicated given the geopolitical tensions between the US and China.

Jul 24, 2020

By R. Ghosh

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BLOGS AND FEATURES

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

By Reuters

Previous 1 of Next

Economy

Singapore's Regulators Hint at Further Job Losses in Financial Sector as Country Battles Recession

China Reinstates Macau Tourist Visas; Boon for Casinos?

Singapore Records Worst Quarterly Performance as GDP Contracts 43%; Outlook Lowered

Aramco Profit Plunge, IMF Warning; Where is Saudi Arabia's Economy Heading?

Can Anti-China Sentiment Open up Golden Opportunity for Singapore's Manufacturing Sector?

Facebook, Disney and TikTok Now Need to Pay 10% VAT to Operate in Indonesia

Indonesia's Economy Contracts For the First Time in More Than 2 Decades in the Second Quarter

HSBC Shares Plummet as Profit Shrinks 65% and Pandemic Causes Bad Loan Surge

US Economy Probably Suffered Historic Plunge in Second Quarter

German Economy Shrinks by Record 10.1% in the Second Quarter Amid Coronavirus Pandemic

US Dollar Sinks to 2-Year Low; Goldman Sachs Warns on Reserve Currency Status

Gold Price Crosses Record $2,000 on Fears of Inflation and Near-Term Market Crash

Huawei Cuts India Revenue Forecast by 50%, Hints at Massive Lay Off Amid Growing Anti-China Sentiments

OUTLOOK: Gold Price Zooms Past $1,900; Poised to Break All-Time Record Soon

Soaring Public Deficit Can Cause Collapse of US Dollar, Warns Former IMF Official

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut