Business News

Singdollar keeps upward trend despite MAS moves to arrest appreciation, targets 1.32/USD

The downward crossing of short term moving averages above the 50-period average on the weekly chart also looks like a downside signal for USD/SGD.

Apr 25, 2016

By Boby Michael

Raffles Medical Group Q1 profit rises 3.7%; revenue up 23%

The company did not announce any dividend after reporting earnings per share of at 2.7 Singapore cents for the first quarter.

Apr 25, 2016

By Jacob J

China announces 'all-in-one' Mars mission, to land on planet by 2021

Calls for China's own mission mounted after India reached the planet in 2014, a Xinhua report said.

Apr 23, 2016

By Boby Michael

Brokerages in Singapore raided for possible manipulation and insider trading

The MAS said they have obtained documents and items from several broking firms and trading representatives.

Apr 22, 2016

By Boby Michael

Mitsubishi shares plunge 16% as mileage cheating scandal escalates

US National Highway Traffic Safety Administration asks Mitsubishi for information on vehicles sold in the US.

Apr 22, 2016

By Jacob J

Malaysia upset of Singapore University's research linking palm oil to heart disease

Indonesia: Palm oil lobby angry over Joko Widodo's move to limit slash and burn farming

Last month Singaporean said the country suffered losses of about S$700 million due to large-scale haze in 2015.

Apr 22, 2016

By Jacob J

Singapore central bank probes broking firms over insider trading and manipulation

MAS and CAD seize documents from several broking firms and trading representatives as part of the probe.

Apr 22, 2016

By Jacob J

Singapore slaps penalty on companies that failed to block data breaches

Singapore's privacy laws authorises slapping a penalty of $1 million on organisations that fail to protect consumers' personal data.

Apr 21, 2016

By Jacob J

Asian currencies down on greenback rally, ringgit falls the most as crude prices fall

Singapore dollar and Malaysian ringgit have moved off 8-month highs.

Apr 21, 2016

By Boby Michael

Malaysian PM Najib's brother Nazir Razak 'offered to resign' as CIMB chairman

Nazir, who was re-elected as CIMB chairman, said the funds transfer was a one-off event to help his brother.

Apr 18, 2016

By Jacob J

Crude Technicals: Oil pares Doha losses while short-term charts point to above $50 levels

Charts suggest levels $50 in coming weeks as producers are hopeful of a broader agreement among them ahead of the June OPEC meeting.

Apr 18, 2016

By Boby Michael

Singapore dollar weakens as data shows country's exports contract sharply

Data showed that the MAS easing last Thursday is justified.

Apr 18, 2016

By Boby Michael

Singapore needs to do more to improve its maritime security, says Teo Chee Hean

Piracy, sea robberies and the emergent threat of transnational maritime terrorism are of concern.

Apr 16, 2016

By Boby Michael

China GDP growth eases to 7-year low in Q1 but analysts call it stabilizing

The Q1 figure is a notch down from the Q4-2015 growth of 6.8% in and also marked the economy's worst performance since 2009.

Apr 15, 2016

By Boby Michael

US MARINES DURING WAR GAMES IN TERNATE CAVITE, PHILIPPINES.

US to ramp-up military presence in Philippines, to hold 'regular' military exercises

The US move could aggravate the Chinese resistance against any other country claiming parts of the territory.

Apr 14, 2016

By Boby Michael

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