Business News

Malaysian ringgit plunges to weakest level since Asian economic collapse in 1998

The continued oil slump and the fall in current account surplus to 13-year lows also contribute to the ringgit's decline.

Dec 19, 2016

By Jacob J

Singapore dollar will drop to '2009 recession levels' in six months as MAS set to cut rates

Analyst says currency's weakening has become inevitable as the Monetary Authority of Singapore (MAS) is set to start easing in April.

Dec 17, 2016

By Jacob J

Expensive caviar to reach masses after price slump

An increase in production has made the price of the food go down and it will be more widely available now

Dec 16, 2016

By Bihu Ray

Yahoo CEO Marissa Mayer talks about strategic alternatives

Yahoo reveals new hack exposed 1 bln user accounts; Verizon says integration is on

The latest data breach revelation gives Verizon more room to push for a better deal with Yahoo.

Dec 15, 2016

By Jacob J

Singapore assets under management growth declines year-on-year

Economists slash Singapore GDP, exports growth expectations further

Weakness in sectors like finance, insurance, construction and trade would push Singpore growth numbers down.

Dec 14, 2016

By Jacob J

Temasek hires Goldman executive to ramp up North America business

Singapore sees higher number of M&A deals in 2016 but deal values plummet

The rise in deal volumes in Singapore was mainly driven by the rise in transactions done by state wealth funds GIC and Temasek Holdings

Dec 14, 2016

By Jacob J

Singapore and Malaysia closer to signing $16 bln high speed rail link deal

Lee, Najib to attend signing of high speed rail line project in Kuala Lumpur

High speed rail line will 'boost connectivity, strengthen economic ties and enhance people-to-people linkages '.

Dec 13, 2016

By Jacob J

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

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

'The growing mismatch between jobs and skills looms ahead and will worsen'

Dec 13, 2016

By Jacob J

Honda invests in SE Asian ride hailing service Grab in latest funding round

Grab, which has over 24 million app downloads, is facing rough competition in Indonesia from local player Go-Jek.

Dec 12, 2016

By Jacob J

Singapore-Malaysia high speed rail: China ahead in race for contract as Japan pushes hard

The role of Singapore in the high speed rail link project will also weigh in when the bidders are assessed.

Dec 12, 2016

By Jacob J

Will oil price stay higher after Opec-Russia output reduction?

North America to bear larger share of Saudi crude supply cut; focus on shale gas

A rise in prices will encourage US shale oil producers to ramp up production, which in turn will drive crude prices lower.

Dec 9, 2016

By Jacob J

Taiwan November exports rise 12% amid sombre regional outlook

Strong semiconductor demand and improving prices of basic metal, crude oil and related products boosted exports last month.

Dec 8, 2016

By Jacob J

Singapore and Malaysia closer to signing $16 bln high speed rail link deal

The high speed rail will link 5 Malaysian cities to Singapore and herald closer economic integration between the countries.

Dec 6, 2016

By Jacob J

Singapore anti-corruption bureau arrests Pacific Radiance executive director

Pacific Radiance reported losses in Q2 and said in August it noticed "doubtful receivables" on balance sheet.

Dec 6, 2016

By Jacob J

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

Singapore sovereign fund GIC invests $370 million in Indonesian theatre chain

The latest investment reflects GIC's growing confidence in Indonesia's long- term growth potential.

Dec 6, 2016

By Jacob J

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