Business News

Lunar new year sales dip in Singapore chinatown

Trump will undermine Singapore's trade and defence interests, says China party mouthpiece

Trump's protectionist policies will impose heavier burdens on Singapore's economy, "which is already shrinking,"

Dec 5, 2016

By Jacob J

Breaking: Crucial Opec-non Opec meeting on global output deal on Dec 10

Non-Opec members like Russia hold the key to the successful implementation of the output reduction strategy to support prices.

Dec 3, 2016

By Jacob J

Donald Trump talks with Taiwan leader Tsai Ing-wen in ominous break with tradition

A senior official at Taiwan's representative office in Washington calls the talk 'historic'

Dec 3, 2016

By Jacob J

Singapore slaps S$5 million fine on Standard Chartered bank after money laundering probe

The central bank said it did not find evidence for "wilful misconduct" on the part of Standard Chartered bank.

Dec 2, 2016

By Jacob J

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

Though oil markets received the news with a robust price rally, analysts are not certain if the effects will last long.

Dec 1, 2016

By Jacob J

Singapore to launch blockchain technology for interbank payments

MAS issues property investment warning in view of dire economic outlook

MAS cautions against overseas property obligations which can get muddled with currency fluctuations.

Nov 30, 2016

By Jacob J

Singapore slips up in terms of ability to attract top talent

Singapore's competitiveness was affected by its comparatively low investment in education.

Nov 29, 2016

By Jacob J

Standard Chartered job cuts: Most senior level job losses will be in Singapore

Standard Chartered unveiled a cost cutting blueprint in December which laid out a plan to save $2.9 billion by 2018.

Nov 29, 2016

By Jacob J

Singapore faces recession as GDP shrinks 2% and exports slump 5.4% in third quarter

The Ministry of Trade and Industry says employment growth in the near term is expected to be weak.

Nov 24, 2016

By Jacob J

With Donald Trump intent on killing TPP, China to lead trade and diplomacy in Asia

China has tended to see the TPP as part of U.S. efforts to exclude it from setting global rules and to rally others against Beijing.

Nov 23, 2016

By Reuters

Malaysian ringgit hits 1-year low against Sing dollar; rate cut unlikely on Wednesday

Wednesday's meeting of the Malaysia's central bank's monetary policy committee is in the spotlight.

Nov 22, 2016

By Jacob J

China's Anbang close to buying $2.3 billion Japanese property from Blackstone

The residential property deal will be Japan's biggest property deal since the global financial crisis.

Nov 21, 2016

By Jacob J

Fullerton cancels IPO over delays but says may launch share sale as early as in January

Fullerton raised $100 million through a maiden bond offering in June, a move that gave it the leeway to delay the IPO.

Nov 21, 2016

By Jacob J

Lee tells Apec killing trans-pacific treaty will destabilize global trade

The focus is now on Beijing's increasing role in a world without the trans-pacific partnership (TPP)

Nov 19, 2016

By Jacob J

Malaysian ringgit, Singapore dollar plunge as Greenback soars on Fed rate hike hopes

US dollar makes significant gains after Fed comments, rising to a thirteen-and-a half-year high against a basket of major currencies.

Nov 18, 2016

By Jacob J

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