Business News

Singapore's private sector growth indicator slips to 4-month low

The Nikkei PMI came in at 51.4 down from 51.6 in Jan. The Feb SIPMM indicator was also down to 50.9 from 51.0.

Mar 3, 2017

By Boby Michael

Malaysian ringgit, Asia's worst performing currency, to fall further in 2017

Malaysian central bank holds rates, ringgit drops

The overnight policy rate is held at 3%.

Mar 2, 2017

By Boby Michael

South Korean won weakens amid mixed data as dollar rally continues, inflation data in focus

Retail sales numbers came better than expected but industrial output was below expectations. CPI data is due on Friday.

Mar 2, 2017

By Boby Michael

Singdollar rally continues, at fresh record vs Malaysian ringgit, near 4-mo high vs USD, ahead of Trump speech

The SGD is trading near two-month high versus the Hong Kong dollar too.

Feb 28, 2017

By Boby Michael

Singapore dollar at 3-month high vs USD, at record high vs Malaysian ringgit, down against Korean won in week

So far this month, the Singapore dollar is 0.5% up against the greenback, adding to the 2.7% rally in January.

Feb 25, 2017

By Boby Michael

IBT-SG FX Week: Asian currencies at fresh highs on latest US policy cues; Trump in focus

Trump is scheduled to address a joint session of the lawmakers on Feb 28.

Feb 25, 2017

By Boby Michael

Colombia cuts rates unexpectedly, peso slides

The bank said it considered the weakness of economic activity and uncertainty about the speed of convergence of inflation to its target.

Feb 25, 2017

By Boby Michael

Singtel to invest S$2.47b to buy stakes in InTouch, Bharti Telecom

Bharti Airtel shares surge 5%, associate Singtel stocks slide after Telenor takeover news

The Telenor shares were up for the past few days and at Wednesday's close, the Norwegian stock was up 2.8% so far this week.

Feb 23, 2017

By Boby Michael

Singapore consumer price inflation at 28-month high on rising food and transport costs

The MAS core inflation measure has surged to 1.5% y-y from 1.2%, beating market consensus of 1.3% rise.

Feb 23, 2017

By Boby Michael

China rejects Philippine's South China remarks; says want to strengthen Singapore ties

China and Singapore will hold a series of meetings in Beijing on February 27.

Feb 22, 2017

By Boby Michael

South Korean fraud in Swiss firm ABB to cost $100 pre-tax charge for firm

It was estimated the loss was equivalent to roughly 4% of ABB's 2016 net profit of $1.96 billion.

Feb 22, 2017

By Boby Michael

Pound falls as Q4 GDP growth numbers revised down

The UK economy expanded only 2% y-y in Q4, less than 2.2% flashed in the preliminary estimate.

Feb 22, 2017

By Boby Michael

Asian currencies flat, shares mixed ahead of US holiday; European politics, Fed speakers in focus

Headlines from France and Germany and FOMC minutes will be the markets will be mainly watching for this week.

Feb 20, 2017

By Boby Michael

Singapore GDP growth rate at three-year high as preliminary figures revised sharply higher

The y-y Q4 GDP growth rate is revised to 2.9% from 1.8% and that for the full year 2016 to 2% from 1.8%.

Feb 17, 2017

By Boby Michael

Brexit-related worries fade out for UK home buyers: Knight Frank survey

The HPSI reading came in at 57.5, up from 55.8 in January, marking its seventh consecutive rise.

Feb 17, 2017

By Boby Michael

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