Articles by Boby Michael

Markit PMI: China, Malaysia manufacturing contract, Indonesia's expanding

China PMI dropped to 49.2 from 49.4, Indonesia's down to 50.6 from 50.9 while Malaysia's came at a 5-month low of 47.2.

Jun 1, 2016

Hong Kong No.1 in competitiveness replacing US, Singapore one step down to 4th

There was a major shuffle in European ranking while Asia generally saw major economies declining except India and Thailand.

May 31, 2016

Asian currencies drop on Yellen comments

Asian currencies decline on Yellen impact with Korean won the worst performer

Won slipped 0.8% followed by the Taiwan dollar, Indian rupee and the Malaysian ringgit and the Philippine peso which dropped 0.6% to 0.4%.

May 30, 2016

Singapore dollar falls in overseas trading on fresh US signals, more losses likely

The Singdollar is expected drop further along with the rest of Asian currencies on Monday as the greenback has rallied to a 70-day high against the euro.

May 28, 2016

Chinese yuan at 3-month low on US rate hike speculation, charts suggest 5-year low soon

Charts suggest that the pair is now likely to break the January high of 6.60 making a new 5-year low for the yuan.

May 27, 2016

Retail firm Metro says Q4 net profit plunges 85%, shares drop

The full-year net profit fell 20.4% to S$113.3mn from previous year's S$142.4mn.

May 26, 2016

Singapore dollar hovers near 2-month low as data shows GDP growth rate stabilises below 2%

The government has maintained its 2016 GDP forecast range at 1-3%.

May 25, 2016

An activist demanding jobs in a demostration in Taipei

Recession-hit Taiwan sees jobless rate rising to 2-year high in April

The seasonally adjusted unemployment rate came at 3.97% in April, its highest since June 2014 and up from 3.92% in March.

May 23, 2016

Singapore headline deflation eases and core inflation ticks up, helping SGD strengthen

MAS says it expects the core inflation to continue to accelerate and disinflationary effects of recent policy actions to ease going forward.

May 23, 2016

Singapore: Consumer price and GDP data crucial for next week

The April consumer price data is due on 23 May and the final Q1 GDP data will be out on 25th.

May 21, 2016

Asian currencies fall on Fed rate hike speculation with ringgit the worst performer

The Philippine Peso has, however, been the sole gainer.

May 21, 2016

Most Asian currencies fall on broad greenback rally; Ringgit, Singdollar drop sharper

The ringgit is down 2.4% and the Singapore currency has fallen 1.3% on the week.

May 7, 2016

Taiwan slips into recession as GDP shrinks for third straight quarter

Taiwan contracted 0.84% in Q1 this year, after shrinking 0.8% and 0.52% in the third and fourth quarters of last year.

Apr 29, 2016

Singapore employment growth slows even as jobless rate falls for citizens - Manpower Ministry

Overall unemployment rate was steady at 1.9%.

Apr 28, 2016

New Zealand dollar rises as RBNZ holds interest rates

The NZD/USD pair is likely to test 0.7200 as fresh multi-month high, as long as the 0.6750 support holds.

Apr 28, 2016

Australian dollar plunges as country slips to deflation first time in 7 years

AUD/USD dropped 1.8% on the day to 0.7605 from the previous close of 0.7748.

Apr 27, 2016

Great Eastern Q1 net profit falls 56%

The losses were due to unrealized fair value losses from the valuation of assets and unfavorable financial market conditions, the company said.

Apr 26, 2016

$4 billion stolen from Malaysian state fund

Malaysian ringgit falls to 1-week low as 1MDB defaults on bonds

The Malaysian unit had traded at an 8-month high of 3.8405/USD last week, from which the currency has now weakened 2.5%.

Apr 26, 2016

Singapore headline CPI rate drops to near 30-year low even as core inflation edges higher

The March year-on-year CPI rate of -1% marked the 17th straight month of declining prices in the City.

Apr 25, 2016

Singdollar keeps upward trend despite MAS moves to arrest appreciation, targets 1.32/USD

The downward crossing of short term moving averages above the 50-period average on the weekly chart also looks like a downside signal for USD/SGD.

Apr 25, 2016

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