Business » Asia
Wednesday, 19 August 2009
RECORD sales of private homes here in July may push the 2009 total to an all-time high as local sentiment and global economic prospects improve, analysts said yesterday.A total of 2,767 apartments and houses were sold in July the most ever sold in...
Tuesday, 18 August 2009
SINGAPORE said yesterday its key exports shrank 8.5 per cent in July from the year before but at a slower pace as hopes grew that the economy was emerging from a deep recession.Non-oil domestic exports (NODX) dipped for the 15th consecutive month,...
Monday, 17 August 2009
THE 41st ASEAN Economic Ministers Meeting ended yesterday with officials weighing the advantages of an expanded intra-regional free trade agreement. According to a feasibility study released Saturday, a broader free trade deal, which also...
Friday, 14 August 2009
ASIA-PACIFIC telecom firms Singapore Telecommunications and Telstra Corp warned of a challenging business environment for the next year after posting double digit earnings growth yesterday.SingTel, which owns Telstra's main rival Optus in Australia...
INDIA and the 10-country Southeast Asian bloc ASEAN signed a free trade agreement yesterday after more than six years of negotiations, but the deal did not embrace software and information technology.Thai and Indian officials said the Free Trade...
EUROPEAN stock markets yesterday trimmed gains as Wall Street opened lower after disappointing US retail sales data reined in optimism about the speed of recovery in the world's largest economy.In Europe, the FTSE 100 index of leading British...
THE rate of decline in Asia's travel industry should slow in the second half of this year as the global economy stabilises, but risks remain, a top industry player said yesterday.Abacus International, an Asian air ticketing and reservations firm,...
Thursday, 13 August 2009
RECESSION? What recession?Despite Singapore's worst economic slump since independence, the residential property sector is in the midst of a new boom reminiscent of 2007, when the city-state was known as the world's hottest real estate market.Greed...
br />China may 'downgrade' Rio spying caseBEIJING: China said it had formally arrested four Rio Tinto employees suspected of industrial espionage and bribery, a decision which the miner saw as a "downgrade" of the charges against its...
Wednesday, 12 August 2009
SINGAPORE'S economy performed better than estimated in the second quarter, but recovery will be "sluggish" on continued weak demand from the United States and Europe, the government said yesterday.The trade-reliant economy expanded by a...
Tuesday, 11 August 2009
AGGRESSIVE stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said yesterday.Krugman said the worst of the global...
Sunday, 9 August 2009
SINGAPORE'S Prime Minister Lee Hsien Loong warned the city state to brace for further job retrenchments in 2009, although he said the economy did better than expected in the first half of the year. "We might see another wave of retrenchments...
Saturday, 8 August 2009
DBS beats earnings expectationsSINGAPORE: Southeast Asia's biggest bank DBS Group said Friday net profit fell 15 per cent in the June quarter from a year ago, beating expectations but analysts voiced concern over growing non-performing loans. DBS...
Friday, 7 August 2009
SINGAPORE says its economy isn't on solid footing yet despite growing at a blistering pace in the second quarter."It's still too early to conclude that a strong, sustained recovery is at hand," Trade and Industry Minister Lim Hng Kiang...
'Malicious' attack downs TwitterWASHINGTON: The wildly popular micro-blogging site Twitter went offline yesterday after a malicious cyber-attack on its systems, the company said. "On this otherwise happy Thursday morning, Twitter is the target...
SINGAPORE'S biggest sovereign wealth fund said the greatest risk facing Asia is a global economic and financial environment that does not stabilise and recover by 2010. "If the US economy turns out to be worse than expected, requirements for...
Thursday, 6 August 2009
Maxis eyes US$2b listing, taps banksSINGAPORE/KUALA LUMPUR: Malaysia's biggest mobile phone operator, Maxis Communications, plans to raise US$2 billion in a public offering later this year, underscoring the revival of Asian IPO's as equity markets...
Wednesday, 5 August 2009
COMPUTER hard disk maker Seagate Technology said it will lay off 2,000 workers in Singapore, or more than four per cent of its global workforce, as it closes manufacturing facilities in the city-state in a bid to cut costs by US$40 million a year....
Tuesday, 4 August 2009
INFLATION in South Korea and Indonesia cooled further in July while prices in Thailand fell at a record pace, but analysts remained convinced that policy rates are at or near their bottom given growing signs of an economic recovery.After rapidly...
Sunday, 2 August 2009
US regulators close 5 banksWASHINGTON: Bank regulators closed five banks on Friday, bringing the number of failures so far this year to 69 as the struggling economy and falling home prices take their toll on financial institutions. The Federal...
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