Business News

Indonesia economy records weakest annual expansion in six years

Indonesia's $800 billion economy, the biggest in Southeast Asia, picked up speed in the fourth quarter.

Feb 5, 2016

By Staff Reporter

Syngenta accepts Chemchina's $43 billion offer

ChemChina-Syngenta deal: What's behind it and what lies ahead?

The Syngenta deal will give China headway in its efforts to ensure the food security of its growing population.

Feb 4, 2016

By Jacob J

Greenback suffers worst tumble in 7 years; 1% down against Singdollar

The currency makes no gains in Asian trade on Thursday as it hit a seven-year low against the Singapore dollar at $1.41468.

Feb 4, 2016

By Staff Reporter

TPP signed amid protests: How does it benefit Singapore?

The ambitious trade pact, when ratified by lawmakers in the participating countries, will liberalise trade in about 40 percent of the global economy.

Feb 4, 2016

By Jacob J

China sets 2016 growth target in 6.5-7% range

China plan to remove excess industrial capacity and fix unprofitable 'zombie companies.

Feb 3, 2016

By Jacob J

Job openings in Singapore outnumber jobseekers despite 'softening' economy

Employers are finding it hard to fill vacancies and the absolute number of job vacancies has been declining over the last year.

Feb 3, 2016

By Jacob J

Yahoo CEO Marissa Mayer talks about strategic alternatives

Yahoo to cut 15% of jobs; Internet business on the block again?

The plan will "dramatically brighten our future and improve competitiveness' says CEO.

Feb 3, 2016

By Staff Reporter

BP slumps to worst annual loss in 20 yrs, axes 7,000 jobs

BP's 2015 loss of $6.5 billion was worse than its 2010 results after the oil spill fiasco.

Feb 2, 2016

By Jacob J

Alphabet, Google parent, surpasses Apple as most valuable company

The last time Google was more valuable than Apple was in February 2010.

Feb 2, 2016

By Jacob J

Changi Airports-linked consortium to build Myanmar's biggest airport

Leading Japanese engineering contractors JGC holds 55 percent interest in the consortium.

Feb 2, 2016

By Staff Reporter

China factory activity shrinks more than expected

China's mammoth manufacturing sector plagued by chronic overcapacity and plunging demand.

Feb 1, 2016

By Staff Reporter

China ponzi scheme arrests expose overheated P2P finance market

With the Chinese economy slowing down, the little regulated P2P platforms ran into problems

Feb 1, 2016

By Jacob J

After job cuts, HSBC freezes salaries, hiring to trim costs

The bank had said in June it was axing 25,000 jobs globally.

Feb 1, 2016

By Jacob J

TPP: New Zealand protesters demand pullout ahead of Feb 4 signing

John Key's government says various tariff reductions under the trade pact will result in the addition of $2.7 billion to the country's GDP.

Jan 30, 2016

By Jacob J

Global uncertainties hit Singapore's manufacturing, services sectors

Another poll shows services sector has become increasingly pessimistic about short-term business prospects.

Jan 29, 2016

By Staff Reporter

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