Business News

Myanmar working on new laws to overhaul opaque mining sector

Myanmar's mining sector is however, notorious for accidents, lawlessness and corruption

Feb 18, 2016

By Jacob J

Malaysian economy expands 4.5% in fourth quarter

Exports rose 3.7 percent in the fourth quarter, helped mainly by Ringit's decline against the dollar.

Feb 18, 2016

By Staff Reporter

Canada's Bombardier cuts 7,000 jobs; 2015 losses pegged at $5.3 bln

Bombardier said the layoffs, which represent about 10 per cent of the global workforce, will help revive the company.

Feb 18, 2016

By Jacob J

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

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

'Manufacturing and jobs growth are contracting and there are signs that services are starting to buckle'

Feb 18, 2016

By Staff Reporter

CapitaLand fourth quarter profits plunge 40%

CapitaLand said net profit for the full year 2015 was $1.07 billion, down 8.2 per cent from the previous year.

Feb 18, 2016

By Staff Reporter

Airbus wins $1.5 billion order from Philippine airlines

Singapore airshow: Airbus bags $1.8 bln order from Philippine Airlines

Philippine's flagship carrier also says it is buying Trent XWB engines from Rolls-Royce to power the six A350s.

Feb 17, 2016

By Jacob J

Singapore Airshow: Boeing wins $1.3 bln deal from China's Okay Airways

Several other aircraft orders were made on Tuesday, the first day of the Airshow.

Feb 17, 2016

By Staff Reporter

Saudi Arabia Russia agree to freeze oil output levels

Oil inches up as Iran holds key to output freeze agreement

Iran's output is at least one million bpd below its capacity while Saudi Arabia and Russia are producing at the higher limits of capacity.

Feb 17, 2016

By Jacob J

OCBC posts 21% rise in Q4 profits at S$960 mln; bad debt charges rise

Net profit rises to S$960 million in the quarter ended December, compared with S$791 million in the previous year.

Feb 17, 2016

By Staff Reporter

UOB reports narrow rise in Q4 profits; steep losses at SembMarine, Cosco

The bank said risks are largely manageable as underlying economic fundamentals are strong after reporting a 0.3 percent rise in fourth-quarter net profit.

Feb 16, 2016

By Staff Reporter

China set to announce sharp increase in defence spending

Beijing's military spending last year was over 10 percent of the budgetary spending, at $136.4 billion.

Feb 16, 2016

By Staff Reporter

Lee says Asean should 'expand and deepen' ties with US

Lee highlights the advantages of the united bloc, saying the combined population of 600 million will emerge as a significant consumer market.

Feb 16, 2016

By Jacob J

Japanese economy contracts 1.4% in Q4 as consumption, exports slump

The more than expected contraction in the economy also spurred speculation about further monetary easing.

Feb 15, 2016

By Jacob J

Singapore airshow 2016: Industry outlook bright says minister

Lower oil prices and rising demand for travel can be used to open the skies further, Tharman said.

Feb 15, 2016

By Jacob J

Singapore's DBS among banks in bid to buy Barclays' Asian wealth unit

Barclays managed $36 billion in private banking assets in Asia while DBS manage twice as much at $73.2 billion

Feb 13, 2016

By Jacob J

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