Business News

Singapore dollar plunges despite GDP positive as MAS says will curb the currency's appreciation

Most analysts were expecting the MAS to leave the policy steady.

Apr 14, 2016

By Boby Michael

Panama police raids offices of Mossack Fonseca

The company officials claim it has not broken laws.

Apr 13, 2016

By Jayalakshmi K

Australia says FTA with India will boost bilateral trade big way

Australia's trade with India is now worth $13.1bn, just one tenth of that with China.

Apr 13, 2016

By Boby Michael

Malaysian ringgit back near 8-month high helped by inflows

In March alone, the Malaysian currency has rallied around 8% against the greenback, and so far this year, the gain is more than 11.2%.

Apr 13, 2016

By Boby Michael

US military has now more freedom on Indian territory

Currently, permissions have to be sought each time there is a US requirement.

Apr 12, 2016

By Boby Michael

Peru Presidential Election: Daughter of former Prez leads, to face run-off with veteran in June

As none has emerged with the necessary 50% vote share, there should be a run-off between the top two, which has now been slated to 5 June.

Apr 11, 2016

By Boby Michael

Ukraine to get new government by Tuesday: President Poroshenko

The Bloc of Petro Poroshenko faction had offered to nominate from the new coalition current speaker Volodymyr Groysman as teh new PM.

Apr 11, 2016

By Boby Michael

Singapore dollar hovers near 8-month high ahead of MAS policy review

The market is now waiting for the monetary policy decision by the Monetary Authority of Singapore due on Thursday.

Apr 11, 2016

By Boby Michael

East Asian growth to ease further dragged by slower China: World Bank

Among developing Southeast Asian economies, the Philippines and Vietnam have the strongest growth prospects, both expected to grow more than 6% in 2016.

Apr 11, 2016

By Boby Michael

Singapore overtakes Hong Kong to become world's No 3 financial centre: survey

Asian centers have improved their position while the dominance of the European and American centers has eroded over time.

Apr 8, 2016

By Boby Michael

Yen rallies to 17-month high vs dollar increasing worries of Japan's exporters

It has hit a 30-month high vs the British pound.

Apr 7, 2016

By Boby Michael

OCBC to acquire Barclay's wealth management business in Singapore and Hong Kong

Bank of Singapore's assets under management will rise to $73.3 billion with the Barclays' assets acquisition.

Apr 7, 2016

By Jacob J

US, Philippines start two-week military drills as maritime tension with China rises

Asian military spending growth much higher than global rate: SIPRI

China's defence spending rises 7.4 percent while Saudi Arabia sees a 5.7 percent increase.

Apr 6, 2016

By Boby Michael

China and India see business conditions improve while Hong Kong's deteriorate further: Markit PMI

Hong Kong needs more policy support for shoring up growth while China and India have to improve their employment conditions, Markit said.

Apr 6, 2016

By Boby Michael

LinkedIn opens Singapore data hub, first outside US

The office will process LinkedIn's online traffic in the Asia-Pacific region and handle about a third of global traffic

Apr 6, 2016

By Jacob J

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