Business News

singapore not to withdra foreign worker levy

Singapore economy expands at slowest pace since 2009 crisis

Growth was earlier pegged at 2.1 percent but a sharp downturn in manufacturing amid a global slowdown drove growth figures lower.

Feb 24, 2016

By Jacob J

Standard Chartered posts worst losses since 1998; shares tumble

The bank says it expects the financial performance to remain subdued during 2016 given current market conditions.

Feb 23, 2016

By Staff Reporter

Singapore consumer prices fall for 15th straight month in January

Core inflation, which excludes accommodation and private road transport, was at 0.4 per cent, compared to 0.3 per cent in December.

Feb 23, 2016

By Staff Reporter

Singapore's petrol retailers pass on most of wholesale price slide to consumers

The country's Competition Commission said that there is no evidence to suggest collusion in petrol pricing among retailers.

Feb 23, 2016

By Boby Michael

UK's Pound keeps downward track ahead of GDP data

The Sterling is down 1% so far this month and hovers near a 7-year low versus US dollar.

Feb 23, 2016

By Boby Michael

Noble Group warns of Q4 loss, $1.2 bln impairment on commodities slump

Asia's biggest commodities trader also says it has cut its long-term view on coal prices.

Feb 23, 2016

By Jacob J

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

DBS posts 20% rise in Q4 net profit; bad debts rise

Southeast Asia's largest bank made record full-year profits at S$4.45 billion.

Feb 22, 2016

By Staff Reporter

Thai Airways in talks to buy 20% stake in Thai AirAsia

The deal talk follows a move made by Thailand's Deputy Prime Minister Somkid Jatusripitak.

Feb 21, 2016

By Staff Reporter

Singapore Airshow: Deal value plummets to $12.7 bln from $32 bln in previous edition

Billion-plus deals were limited to two orders Airbus and Boeing secured from Philippine Airlines and China's Okay Airways.

Feb 20, 2016

By Jacob J

Genting Singapore reports Q4 loss of S$7.8 million

The Q4 loss was the second quarterly loss in 2015, which was marked by weak performance in the gaming business

Feb 19, 2016

By Staff Reporter

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

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