Business News

Singapore Budget 2016: S$4.5 billion for industry transformation scheme

Heng offered relaxation in the foreign worker levy for struggling marine and process sectors.

Mar 25, 2016

By Jacob J

Bank of Thailand leaves rates despite slowing growth, Thai baht falls

The BoT held its benchmark one-day bond repurchase rate at 1.5% in a unanimous decision and in line with expectations.

Mar 23, 2016

By Boby Michael

Deflation deepens in Singapore despite rising food prices, currency weakens further

The consumer price index fell 0.8% in February, deeper than the 0.6% fall happened in January.

Mar 23, 2016

By Boby Michael

StarHub takes 9% stake in mm2 Asia to drive pay TV offerings in Singapore

Headquartered in Singapore, mm2 Asia is a producer of content for TV and online platforms, and films

Mar 23, 2016

By Jacob J

ASEAN countries susceptible to prolonged period subdued demand: Moody's

Total trade accounts for 346%, 131% and 130% of GDP in Singapore, Malaysia and Thailand, respectively, Moody's said.

Mar 22, 2016

By Boby Michael

Equity and crowdfunding platform FundedHere starts operations

Fundedhere helps startups in Asia to raise funds in exchange for equity stakes or via tenured loans.

Mar 22, 2016

By Jacob J

Singapore shares down amid budget uncertainties, Chinese stocks up on easing hopes

The STI and Nikkei 225 indices ended more than 1% while Malaysian and Indonesian benchmark indices were down 0.2% and 0.35% respectively.

Mar 21, 2016

By Boby Michael

IMF says Vietnam vulnerable to external shocks without reforms

According to a Bloomberg surrey, the economy is projected to grow at 6.6 percent this year.

Mar 21, 2016

By Jacob J

Singapore dollar stronger among emerging market currencies; exporters' woes worsen

This is despite a broadly weak US dollar and negative economic signals from the island economy.

Mar 19, 2016

By Boby Michael

Ascott in tie-up with Tujia, targets 2,000 units in China

The move will help Ascott raise its China portfolio from 1,005 units currently.

Mar 18, 2016

By Jacob J

IMF: Global monetary system to be reviewed as growth of advanced economies, China rebalancing remain challenges

The Fund also highlighted the risk of continued volatility in financial markets owing to the differences in monetary conditions in the world's major economies.

Mar 18, 2016

By Boby Michael

Singapore exports to China weakest in seven year; dives 25% in January

Singapore exports rise unexpectedly in February as China decline moderates

The decline in exports to China was much less than the 25.2 percent fall in January.

Mar 17, 2016

By Jacob J

The world faces acute water shortage, gap seen at 40% by 2030

Experts' recommendations include a wider range of financial and insurance instruments to hedge short term risks.

Mar 17, 2016

By Boby Michael

Asian stocks and currencies rally as Fed keeps rates steady, Singapore dollar and Thai baht at 8-month highs

It was in line with expectations that the Fed leaving rates on hold but the market players got an extra pinch of dovish tone in the Chair's statement.

Mar 17, 2016

By Boby Michael

changi airport voted world's best airport

Singapore's Changi voted best international airport for 4th straight year

As many as 13.25 million travellers from 106 countries took part in the Skytrax survey.

Mar 17, 2016

By Staff Reporter

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