Business News

Precious Roundup: Gold, silver up on risk aversion after Trump orders push stocks, dollar down

Risk aversion after Trump's specific travel bans aided gold and silver rally while platinum and palladium pared some of last week's gains.

Jan 31, 2017

By Boby Michael

Thai baht up for fifth straight week as ministers see better trade, growth numbers

Finance Minister Tantivorawong says the Thai GDP growth rate should increase by 0.4-0.5 percentage points in 2017 on extra government spending of 190 billion baht.

Jan 27, 2017

By Boby Michael

US dollar unchanged despite disappointing GDP, durable goods orders amid stimulus hopes

The US dollar fell across the board on Friday (Jan 27) as data showed the US economy expanded less than expected in the fourth quarter and the durable goods orders continued to fall against expectations of a rise.

Jan 27, 2017

By Boby Michael

Singapore factory-gate inflation fastest in five years on oil price rise

Singapore said the import and export price index too rose more than expected in December.

Jan 27, 2017

By Boby Michael

Keppel Corp job cuts rise to more than 10,000; 3 Singapore shipyards to be closed

Keppel says 2016 net profit came in at S$784 million, 49 percent lower than the previous year.

Jan 27, 2017

By Bihu Ray

Here's how President Duterte sent Philippine Peso crashing to 7-year lows

Peso, shares down as Philippines Q4 GDP data disappoints

The Philippine GDP growth moderated to 6.6% annually in the three months to December from 7% in the previous two quarters.

Jan 26, 2017

By Boby Michael

TECHNICALS: Singapore dollar's medium term upside seen limited near 1.3600/USD

Fundamental news from the island economy on Thursday (Jan 26) had last year's employment data which was negative for the local currency.

Jan 26, 2017

By Boby Michael

Singapore jobs outlook gloomy as only 15% of employers look at hire in Q1 2017

Singapore 2016 employment growth lowest since 2003

Local employment grew modestly in 2016 and foreign employment contracted, the labour ministry said in its report.

Jan 26, 2017

By Jacob J

Singapore's GIC to invest $387 mln in Indonesian retail firm

Singapore wealth fund GIC acquires Wall Street tower for $1.48 bln

The 47-storey office tower of 1.6 million sqft is located 60 Wall Street.

Jan 25, 2017

By Jacob J

Singapore CPI Inflation returns after two years

Core inflation, excluding accommodation and private road transport stands at 1.2 percent.

Jan 23, 2017

By Jacob J

Netflix adds 7 million new customers, shares at all time high

The Crown, Gilmore Girls and Black Mirror are the main contents to help Netflix achieve its record breaking success in the global market

Jan 20, 2017

By Poulami Nag

China Q4 GDP grows 6.8 percent, slightly more than expectations, but rises debt risks

China GDP beats expectations to grow 6.8% in third quarter

Analysts say a cooling property market can be one of the major threats to China's economy in 2017.

Jan 20, 2017

By Samhati Bhattacharjya

Singapore exports jump in December on back of 40% rise in China shipments

Singapore December exports jump on back of 40% rise in China shipments

Non-oil domestic exports grow 9.4 percent, petrochemicals shipment jumps 28.5 percent.

Jan 17, 2017

By Jacob J

Malaysian central bank pledges steps to steady Ringgit after fall below 4.5 against dollar

Bank Negara Governor Muhammad Ibrahim assures there are no plans to bring in capital controls.

Jan 14, 2017

By Jacob J

Blackstone, Warburg Pincus and Chinese group in fray to take over Global Logistics – Report

Singapore's state investment firm GIC holds 37 percent in the warehouse company in GLP.

Jan 13, 2017

By Jacob J

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