Business News

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

SingPost chairman Lim Ho Kee steps down as carrier embarks course correction

In December the company revealed it had failed to adequately disclose an independent director's interest in a 2014 acquisition.

Apr 2, 2016

By Jacob J

Anbang sweetens offer for Starwood to $14 billion to trump Marriott

China's Anbang ends race for US hotel chain Starwood

Shares in Starwood and Marriott fall about 4 percent each as a Marriott acquisition of Starwood becomes a more likely outcome.

Apr 1, 2016

By Jacob J

Hong Kong dollar pares January's steep slide as peg scrapping woes fade

The local dollar has rallied to 7.7522/US dollar this week, very close to its strong end of the pair's trading band of 7.75-7.85.

Mar 31, 2016

By Boby Michael

Singapore steps up alternative energy by feeding solar power into general grid

REC to invest S$250 million to boost Singapore's clean energy drive

Singapore plans to increase the share of renewable energy to 8 percent by 2030.

Mar 31, 2016

By Jacob J

Singapore's SGX sees IPO business plunging on tough regional competition

The SGX had the smallest haul of new share sales among the region's four largest stock markets in 2015.

Mar 31, 2016

By Boby Michael

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