- FinanceBloomberg
Duterte Already Campaigning for Crucial Midterm Vote Next May
Philippine President Rodrigo Duterte’s ability to deliver on his promise of spreading wealth and upgrading the nation’s rickety infrastructure depends on how firmly his allies take control of the Senate after the May 2019 vote.
- FinanceBloomberg
U.S. Beats Singapore to Top of Global Competitiveness Rankings
The U.S. is back at the top of the global competitiveness league, according to the World Economic Forum, which praised the nation’s entrepreneurial culture and financial system.
- FinanceBloomberg
Singapore Home Sales Rebound as Buyers Move Past Latest Curbs
Private home sales in Singapore jumped 51 percent in September as developers marketed more projects post the hungry-ghost festival month, a period Chinese buyers consider inauspicious, and as buyers moved past the additional cooling measures imposed in July. Developers in the city-state sold 932 units
- FinanceBloomberg
StarHub CEO, Who Stormed in With Job Cuts, Wants Cheaper Network
StarHub CEO Peter Kaliaropoulos said the company, Singapore’s No. 2 telco, is looking to pare costs even further by sharing infrastructure after announcing he would trim the company’s workforce by about 12 per cent.
- FinanceBloomberg
Singapore's UOB Is Said to Review Insurance Deal With Prudential
Singapore lender United Overseas Bank (UOB) is reviewing its insurance business, including an existing partnership with Prudential, after Southeast Asia witnessed a wave of lucrative distribution deals.
- FinanceBloomberg
Jakarta to Topple Tokyo as World's Most Populous City by 2030
Tokyo will lose the crown of being the world’s most populous city to Jakarta by 2030, according to Euromonitor International. The population in Jakarta, the capital city of Indonesia, will reach 35.6 million as it is forecast to add 4.1 million people between 2017 and 2030, Euromonitor said in a report
- FinanceBloomberg
Duterte 'The Punisher' Fixes on Revenge as Economic Woes Mount
A slumping currency, a brewing inflation crisis and one of the world’s worst performing stock markets should be enough to focus Philippine President Rodrigo Duterte’s attention on his nation’s economic woes.
- FinanceBloomberg
Philippine Central Bank Is Prepared to Tighten Again If Needed
The Philippine central bank is ready to tighten monetary policy further to rein in prices and support the currency if needed, Deputy Governor Diwa Guinigundo said.
- FinanceBloomberg
These Are the Best Countries to Live and Work in — and to Boost Your Salary
Singapore topped HSBC’s annual Expat Explorer ranking as best place to live and work for a fourth straight year, beating New Zealand, Germany and Canada.
- FinanceBloomberg
Malaysia's Stock Investors Brace for Volatility as Budget Looms
Five months after the surprise election win by Prime Minister Mahathir Mohamad, investors in Malaysia’s stock market may finally be coming to grips that there will be more pain before any gain in the months ahead. Volatility in Malaysian stocks jumped to its highest since July and the FTSE Bursa Malaysia
- FinanceBloomberg
Singapore Aids Crypto Firms Seeking Banks While Staying Vigilant
Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, but doesn’t plan to loosen its rules to lure more crypto startups to the country. “We should not be trying to create an extremely lax regulatory environment in order to attract
- FinanceBloomberg
Singapore 'En-Bloc' Sales Collapse After Latest Property Curbs
Singapore residential-property investment sales have collapsed after the latest round of housing curbs put the brakes on ‘en-bloc’ redevelopment deals. Just two redevelopment sales worth S$353 million ($256 million) were completed in the third quarter, down from S$3.8 billion of transactions the previous
- FinanceBloomberg
Singapore Opens New Door for Bondholders to Chase Default Losses
Singapore is giving liquidators of insolvent companies a new tool to retrieve funds for bondholders and other creditors.
- FinanceBloomberg
Embattled Singapore Water Firm Hyflux in Talks With Investors
Hyflux, the embattled Singapore water-treatment and power company, is in advanced talks with at least two potential investors about taking a strategic equity stake in the group as part of a restructuring plan.
- FinanceBloomberg
Trade-Reliant Singapore Warns of Big Risks If Tariff Wars Go On
Export-dependent Singapore has a strong warning for the rest of the world: The damage from a prolonged trade war will be severe. While Southeast Asia has found some benefits from the deepening trade hostilities between the U.S. and China, the risk of a protracted conflict should have everyone worried
- FinanceBloomberg
Price Hikes Crush Philippine Family Budgets
The Philippines is now home to the fastest inflation rate in Asia, which economists predict accelerated to 6.8 percent in September after a super-typhoon last month damaged crops and oil prices rose.
- FinanceBloomberg
Asia Millionaires Groove to Disco After Betting on Soccer Craze
Singapore-based Swiss-Asia Holding Pte, which previously marketed soccer-linked notes to clients, aims to raise $100 million, according to investment manager Anthony S. Casey.
- FinanceBloomberg
Singapore Inc. Flexes Its M&A Muscle With Major Overseas Push
Companies in Singapore announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017.
- FinanceBloomberg
Opinion: Premier's Second Act Could Be What Malaysia Needs
The style and substance of Malaysia’s seventh prime minister sure look familiar to anyone who knew him as its fourth prime minister. Mahathir Mohamad’s political comeback — at the age of 92 — could be just what the nation needs. Mahathir’s approach is well suited to this moment of nationalism, skepticism
- FinanceBloomberg
Singapore Home Prices Rise Even After Additional Property Curbs
Singapore private home prices are still inching higher — albeit at the slowest pace in five quarters — even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilizing to the city-state’s economy. An index tracking private residential prices
- FinanceBloomberg
Rising Rates No Problem for Philippine Property-Stock Traders
Philippine traders are sticking with their overweight position for the sector, even as the central bank has jacked up policy rates by 150 basis points over four months.
- FinanceBloomberg
The $12 Billion Hotpot Fortune Cooked Up by a Chinese Foursome
Haidilao International Holding Ltd. became the biggest restaurant group on regional exchanges after rising in its Hong Kong debut, approaching the value of Domino’s Pizza Inc. and Chipotle Mexican Grill Inc. The shares closed 0.1 percent higher at HK$17.82, valuing the company at about 63 times its adjusted
- FinanceBloomberg
Malaysian Leader Says Trump's Style Doesn't Work Well in Asia
Malaysian Prime Minister Mahathir Mohamad said President Donald Trump’s diplomatic style is undermining U.S. efforts in Asia.
- FinanceBloomberg
Philippine Stocks Unseat China as Asia Worst Market for 2018
The Philippine stock benchmark takes over as the region's worst for 2018.
- FinanceBloomberg
SPH, Keppel said to mull buyout of $1.1 billion carrier M1
Singapore Press Holdings Ltd. and an arm of Keppel Corp. are considering making a general offer for the shares they don’t already own in the city-state’s smallest wireless operator, M1 Ltd.
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