Business News

Philippines peso slides to 20-day low as trade gap stays near record low, BSP hikes inflation forecasts

The trade gap was $2.564 bln in December, near November's 10-month low of $2.566 bln and January's all-time low of $2.638 bln

Feb 10, 2017

By Boby Michael

RBA cuts Australia GDP forecasts; IMF says policy needs to stay accommodative

The growth forecast for the year to June 30 was cut by 1% to 1.5-2.5% and the 2018 growth to 2.75%-3.75%, down 0.25 %, from the November forecast.

Feb 10, 2017

By Boby Michael

Singapore assets under management growth declines year-on-year

'Dark shift in mood' away from globalisation to hurt Singapore economy

Anti-globalisation trend and technological breakthroughs will redraw economic landscape

Feb 9, 2017

By Jacob J

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

Global Logistic's third quarter net profit tumbles

The dip in net earnings to $363m (US$256.1m) was due largely to a one-time US syndication gain last year.

Feb 9, 2017

By Jacob J

Indian rupee at 3-month high after RBI holds rates, charts suggest further gains

Charts suggest more upside for the rupee, at least up to 66.60/dollar, in the near term.

Feb 9, 2017

By Boby Michael

NZ dollar down to 2-week low as RBNZ says exchange rate needs to fall, shares rise as rates held

As expected, the RBNZ has left the official cash rate unchanged at 1.75% at the policy decision on Thursday.

Feb 9, 2017

By Boby Michael

Australia denies spy programme derailed joint military training with Indonesia

Australian army apologises to Indonesian military for offensive training material

The Indonesian side has accepted the apology but not announced a resumption of the suspended military cooperation yet.

Feb 9, 2017

By Boby Michael

SIA Engineering second quarter net profit plunges 20%

Singapore Airlines 3rd quarter net profit tumbles 36% on Tiger write-down

Earnings per share (EPS) for the third quarter was marked at 15 cents, down from 23.6 cents a year earlier.

Feb 8, 2017

By Jacob J

Malaysian ringgit falls to 2-week low as trade surplus narrows, oil prices slide

The ringgit that rallied 1.3% in January is down 0.4% so far this week.

Feb 8, 2017

By Boby Michael

Singapore marks down annual job creation outlook; says there is a new normal

Ministry of manpower said on Monday that job vacancies rebounded after six straight quarters of declines.

Feb 8, 2017

By Jacob J

Singapore annual jobs growth to 'stabilise' at levels far below previous years: Lim Swee Say

The job addition will be not more than 25,000 to 40,000 in the next three to five years, the Manpower Minister said.

Feb 8, 2017

By Boby Michael

AECOM to design Singapore-Kuala Lumpur HSR: LTA

The estimated delivery date for the S$24.6 million worth contract is Oct 1, 2018.

Feb 8, 2017

By Boby Michael

Asia stocks higher tracking Wall Street gains, Singapore dollar down

Technically, the Singapore dollar could fall back to a multi-year low in a few weeks if the US currency keeps its momentum.

Feb 8, 2017

By Boby Michael

Euro, loonie major losers, yen, kiwi gainers as dollar stabilises

Euro is headed south for 14-year low, yen north to 100/dollar if trends remain.

Feb 7, 2017

By Boby Michael

Singapore's SGX wooing Saudi Aramco's secondary listing - Report

Singapore's SGX wooing Saudi Aramco on secondary listing after IPO - Report

Ahead of the planned IPO, Saudi Aramco is in the market for raising $10 billion in its first bond sale.

Feb 7, 2017

By Jacob J

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