Business News

Grab will invest $700 mln in Indonesia in race against Uber, Go-Jek

The ride hailing company also said it will hire 150 engineers for its Jakarta research center by 2019.

Feb 2, 2017

By Jacob J

Singapore: 20,000 new jobs to be created in 2017 despite investment dip

Singapore's EDB attracted S$9.4 billion in fixed asset investments in 2016.

Feb 2, 2017

By Bihu Ray

2 Singaporeans charged in Australia for dealing with criminal proceeds

Aussie dollar surges to 11-week high vs USD as trade surplus balloons to record curbing recession fears

The rising surplus is expected to aid a 0.2-0.4% expansion in GDP, and hence revive hopes of rating upgrade and curb the fears of technical recession.

Feb 2, 2017

By Boby Michael

PMI Summary: Emerging Asia manufacturing conditions improve

India, Indonesia and Myanmar manufacturing PMI have risen past the 50-mark in January with the Myanmar reading hitting a 12-month high.

Feb 1, 2017

By Boby Michael

Asian currencies drop on Yellen comments

Asian currencies down as dollar stabilised after previous day's decline; stocks, data mixed

The Singapore dollar weakened to 1.4140/US dollar from 1.4092, pulling back off the near three-month high of 1.4069 touched on Wednesday.

Feb 1, 2017

By Boby Michael

India's GDP growth seen affected up to 0.5% due to demonetisation: Econ Survey

The survey, which has come a day ahead of the Union Budget for the 2017-18 fiscal year, has projected a GDP growth of 6.75-7.5%.

Jan 31, 2017

By Boby Michael

Korean won near 2-month high after BoK keeps rates to boost growth, on dollar slide

Technically, USD/KRW is testing support at 1150 and the next levels to watch are 1136 and 1118 ahead of 1089, the September 2016 low.

Jan 31, 2017

By Boby Michael

Asia stocks rise before central bank meetings, oil bounces

Asian stocks slide, gold rises on Trump policy negatives; BoJ leaves rates

Nikkei 225 traded 1.4% down and STI down 0.95% at 10:55 am Singapore time while Malaysia's KLSE fell 0.5% and South Korea's KS11 dropped 0.4%.

Jan 31, 2017

By Boby Michael

Chinese property prices to slide in 2017: Moody's Investors Service

Chinese property sales growth will slow in 2017 weighed by tighter regulations to the sector by the authorities following excessive price rise.

Jan 31, 2017

By Boby Michael

Investors monitor stock market prices in Kuala Lumpur

Asian shares down as Trump order raises geopolitical concerns, currencies up on dollar slide

Asian stock markets were mostly down on Monday as Trump's immigration ban led to geopolitical tensions across markets while risk aversion helped yen rally and dollar slide.

Jan 31, 2017

By Boby Michael

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

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