Business News

Singapore economy

Singapore to see deflation and slower growth rate than prior forecasts in 2016: MAS survey

Median of estimate in the MAS survey of 24 private economists showed the GDP growth rate to drop to 1.9% for 2016 from 2.2% predicted in the previous poll.

Mar 16, 2016

By Boby Michael

Singapore job openings

Singapore employment numbers reveal bleak outlook for job seekers

The ministry also said total employment growth grew by 0.9 percent last year, which was the lowest growth since 2003

Mar 15, 2016

By Jacob J

Singapore dollar

China and Singapore extend currency swap agreement for three more years

As per the arrangement, up to 300bn in Chinese Yuan liquidity will be available to eligible financial institutions operating in Singapore.

Mar 15, 2016

By Boby Michael

Singapore economy

'Singapore faces challenging economic outlook, growth will not hit 3.3% until 2018'

Indonesia, the Philippines and Vietnam are less exposed to manufacturing sectors where China has excess capacity.

Mar 15, 2016

By Jacob J

Singapore job market

Singapore's labor market bleeds: Redundancy at 7-year high, employment growth plunges

A total of 15,580 workers were laid off in 2015, up from 12,930 the year before while local employment addition fell to 700 from 96,000 in 2014.

Mar 15, 2016

By Boby Michael

Frauke Petry

Germany's new anti-migration party makes remarkable headway in state elections

More than 1.1 million refugees, mostly Syrians, have arrived in Europe's biggest economy last year alone, forcing many Merkel supporters to think differently.

Mar 14, 2016

By Boby Michael

China's Anbang to acquire US hotel group for $6.5 billion - Report

China's Anbang to acquire US hotel group for $6.5 billion - Report

Strategic Hotels was taken private three months back by current owner Blackstone private equity group for around $6 billion.

Mar 13, 2016

By Jacob J

Malaysian economy expands 4.5% in fourth quarter

Malaysia orders halt to hiring new foreign workers

Malaysia has 2.1 million registered migrant workers as per official records.

Mar 12, 2016

By Jacob J

Greenland, largest Chinese developer, to list REIT in Singapore

Greenland, largest Chinese developer, to list REIT in Singapore

The REIT will purchase 19 hotel properties from Greenland for 21 billion yuan ($3.23 billion), the companies said.

Mar 12, 2016

By Jacob J

New camera lens

World's thinnest camera lens is here, invented by Australian scientists

The new lens is made of molybdenum disulphide, a flexible glass material with electronic characteristics.

Mar 11, 2016

By Boby Michael

Mario Draghi

Asian currencies rally after surprise ECB easing, Thai baht at 5-month high

The ECB cut the policy lending rate from 0.05% to zero and lowered the deposit rate from -0.3% to -0.4% on Thursday.

Mar 11, 2016

By Boby Michael

China inflation

China's consumer price inflation at 1 ½ year high on food price rise, PPI deflation eases

However, experts call it temporary and unlikely to call for any policy response.

Mar 10, 2016

By Boby Michael

China's Alibaba secures $3 billion loan to finance acquisition spree

China's Alibaba secures $3 billion loan to finance acquisition spree

China's largest online market place has been diversifying beyond its core e-commerce base.

Mar 10, 2016

By Staff Reporter

African woman

Bad weather and conflicts leave 34 countries starving – United Nations

The four regions most in need of humanitarian support are East Africa, Southern Africa, the Pacific Islands and Central America.

Mar 10, 2016

By Boby Michael

Cathay Pacific 2015 profits surge 90% on record low oil prices

Cathay Pacific 2015 profits surge 90% on record low oil prices

Cathay Pacific says fuel costs for the carrier dropped 37.8 percent last year.

Mar 9, 2016

By Staff Reporter

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