Business News

Oil rebounds after 8% fall as Iran says open to talks with Saudi Arabia

The US Energy Information Administration (EIA) lowered its oil demand growth forecast for the next two years.

Feb 10, 2016

By Staff Reporter

Japan's Nikkei plunges 5.4% as investors flee to safe haven assets

Japan's Nikkei plunges 5.4% as investors flock to safe haven assets

The Nikkei has slumped 15 percent so far in 2016.

Feb 9, 2016

By Staff Reporter

Singapore Airshow 2016: Top aerospace firms eye business worth billions

Some industry analysts are downbeat about this year's show, which is taking place under the shadow of a global economic downturn.

Feb 9, 2016

By Staff Reporter

Mark Zuckerberg is 'disappointed' after India throws out 'Free Basics'

Mark Zuckerberg 'disappointed' after India throws out Free Basics

Facebook, which has burned millions of dollars on an advertising campaign promoting Free Basics, said 'connecting India' still remained an important goal.

Feb 9, 2016

By Jacob J

Facebook Mark zuckerberg

Singapore economy projected to grow 1-3% in 2016 says minister

Though the weak oil prices have depressed sentiment, it also means lower energy expenses for a whole lot of businesses.

Feb 8, 2016

By Staff Reporter

China's forex reserves drop to near 4-yr lows as PBOC props up Yuan

Chinese central bank has been under pressure to sell dollars to support its Yuan currency.

Feb 8, 2016

By Staff Reporter

Singapore PM Lee Hsien Loong say no severe economic downturn in 2016

Prime Minister Lee shores up confidence in economy

Lee says the government will continue to support businesses and workers as 'we restructure and upgrade'.

Feb 7, 2016

By Jacob J

Malaysia upset of Singapore University's research linking palm oil to heart disease

Malaysia upset over Singapore University's research linking palm oil to heart disease

Malaysia accounted for 31.7% of the global palm oil production and 36.4% of global exports in 2015.

Feb 6, 2016

By Staff Reporter

Lunar new year sales dip in Singapore chinatown

Chinese New Year 2016: Singapore's Chinatown sees drop in retail sales

Chinese economy woes spill over to the region, hitting economic sentiment in Beijing's main trading partners like Singapore.

Feb 6, 2016

By Jacob J

HSBC's Singapore retail business to be incorporated into local entity

The move is to comply with a directive of the Singapore Monetary Authority in 2015.

Feb 5, 2016

By Staff Reporter

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

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