Business News

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

Japanese markets end turbulent week as Nikkei sheds 5.4%

Japanese exports suffered as yen rose, with Toyota dropping 6.8 percent, Nissan 5.82 percent and Sharp plunging 10.32 percent.

Feb 12, 2016

By Staff Reporter

Asian shares in sell-off over bank health concerns; gold, bonds gain

The sell-off followed a sharp drop in global markets on Thursday on concerns over the health of the global economy and the banking sector

Feb 12, 2016

By Staff Reporter

Pyongyang says Kaesong shutdown a 'declaration of war' as Seoul cuts off power and water

North Korea says it was "kicking out" all South Koreans from the jointly run industrial zone and designates Kaesong as a 'military zone'.

Feb 12, 2016

By Jacob J

South Korea closes Kaesong industrial complex

South Korea shuts Kaesong industrial complex to deal economic blow to Pyongyang

The complex produced around $500 million of goods in 2015, making it the biggest single contributor to inter-Korean trade.

Feb 11, 2016

By Jacob J

Fed chief says will not reverse course on rate hikes this year

Yellen admits tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth posed greater risk to the US economy.

Feb 11, 2016

By Staff Reporter

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