Articles by Boby Michael

Singapore overtakes Hong Kong to become world's No 3 financial centre: survey

Asian centers have improved their position while the dominance of the European and American centers has eroded over time.

Apr 8, 2016

Yen rallies to 17-month high vs dollar increasing worries of Japan's exporters

It has hit a 30-month high vs the British pound.

Apr 7, 2016

US, Philippines start two-week military drills as maritime tension with China rises

Asian military spending growth much higher than global rate: SIPRI

China's defence spending rises 7.4 percent while Saudi Arabia sees a 5.7 percent increase.

Apr 6, 2016

China and India see business conditions improve while Hong Kong's deteriorate further: Markit PMI

Hong Kong needs more policy support for shoring up growth while China and India have to improve their employment conditions, Markit said.

Apr 6, 2016

Hong Kong dollar pares January's steep slide as peg scrapping woes fade

The local dollar has rallied to 7.7522/US dollar this week, very close to its strong end of the pair's trading band of 7.75-7.85.

Mar 31, 2016

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

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

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

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

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

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

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

ASEAN countries susceptible to prolonged period subdued demand: Moody's

Total trade accounts for 346%, 131% and 130% of GDP in Singapore, Malaysia and Thailand, respectively, Moody's said.

Mar 22, 2016

Singapore shares down amid budget uncertainties, Chinese stocks up on easing hopes

The STI and Nikkei 225 indices ended more than 1% while Malaysian and Indonesian benchmark indices were down 0.2% and 0.35% respectively.

Mar 21, 2016

Singapore dollar stronger among emerging market currencies; exporters' woes worsen

This is despite a broadly weak US dollar and negative economic signals from the island economy.

Mar 19, 2016

IMF: Global monetary system to be reviewed as growth of advanced economies, China rebalancing remain challenges

The Fund also highlighted the risk of continued volatility in financial markets owing to the differences in monetary conditions in the world's major economies.

Mar 18, 2016

The world faces acute water shortage, gap seen at 40% by 2030

Experts' recommendations include a wider range of financial and insurance instruments to hedge short term risks.

Mar 17, 2016

Asian stocks and currencies rally as Fed keeps rates steady, Singapore dollar and Thai baht at 8-month highs

It was in line with expectations that the Fed leaving rates on hold but the market players got an extra pinch of dovish tone in the Chair's statement.

Mar 17, 2016

Singapore to see deflation and slower growth rate than prior forecasts in 2016: MAS survey

Median of estimate in the MAS survey of 24 private economists showed the GDP growth rate to drop to 1.9% for 2016 from 2.2% predicted in the previous poll.

Mar 16, 2016

China and Singapore extend currency swap agreement for three more years

As per the arrangement, up to 300bn in Chinese Yuan liquidity will be available to eligible financial institutions operating in Singapore.

Mar 15, 2016

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