Business News

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

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 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

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 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'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

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