Business News

Indonesian currency hovers near 10-month high, charts suggest more gains

Rupiah has rallied more than 4% so far this year.

Mar 8, 2016

By Boby Michael

Australian blogger facing sedition charges in Singapore pleads guilty

Her Singaporean husband Yang, another editor, is still denying the charges and the trial against him will begin on Friday.

Mar 7, 2016

By Boby Michael

China warns Taiwan's new government against "independence activities"

Our policy toward Taiwan will not change along with the change in Taiwan's political situation, Xi said.

Mar 7, 2016

By Boby Michael

OSIM founder Ron Sim offers S$300 million buyout bid

The bid provides shareholders a window of opportunity to sell their stake at a significant premium.

Mar 7, 2016

By Jacob J

Australian dollar rallies to 6-month high as analysts demand RBA rate cut

AUD/USD has risen to a 6 ½- month high of 0.7445 on Friday, making a more than 4% jump on the week.

Mar 5, 2016

By Boby Michael

China raises deficit-GDP ratio to 'redline' with growth, fiscal revenues under pressure

The 0.7 percentage point rise the ratio is estimated to provide the government about 470 billion yuan more to spend.

Mar 5, 2016

By Boby Michael

China's top party panel sets 2016 growth in 6.5%-7% range

China's National People's Congress approves the target figures, which will be officially announced by Prime Minister Li Keqiang.

Mar 5, 2016

By Jacob J

Singapore ranks fifth in global 'travel freedom' index

Budget 2016 will be 'prudent' as it tries to shore up slowing economy

The government estimates 2016 growth between 1 percent and 3 percent, the lowest average growth rate in the last ten years.

Mar 5, 2016

By Jacob J

Singapore dollar rallies to 4 ½ -month high tracking gains in yuan, rupee

The Singapore dollar has been rising since 29 February and it has strengthened nearly 2.4% against the greenback by Friday.

Mar 4, 2016

By Boby Michael

South Korean arms procurer faces probe on $35mn deal: Yonhap

The suspected deal was for a surveillance system that helps integrate existing radar and thermal imaging devices.

Mar 4, 2016

By Boby Michael

Malaysia's exports post unexpected decline

Analysts say consistently low oil prices and a slowing Chinese economy hit the country's exports.

Mar 4, 2016

By Staff Reporter

China set to announce sharp increase in defence spending

China to raise defence budget by 7-8% amid rising South China tensions

The exact figure will be revealed in Saturday's budget report. The increase last year was 10.1%.

Mar 4, 2016

By Boby Michael

Singapore Airlines takes full control of Tiger Airways

The national carrier controls 95.6 percent of Tiger Airways as of February 26.

Mar 4, 2016

By Staff Reporter

Private sector growth hits weakest pace in five months

The Nikkei Singapore Purchasing Managers' Index (PMI) for February was at 51.6, down from 52.5 in the previous month.

Mar 3, 2016

By Staff Reporter

Singapore may not raise foreign worker levy given economic slowdown - Analyst

The analyst also said Budget 2016 is unlikely to have a greatly positive impact on markets and economic growth.

Mar 2, 2016

By Staff Reporter

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