camila

camila October 31, 2020

Bank lending last month dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore (MAS) showed yesterday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at $677.46 billion in September, compared with $677.86 billion a […]

camila October 31, 2020

HONG KONG • Hong Kong’s economy showed the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic. Gross domestic product (GDP) declined 3.4 per cent in the third quarter from a year earlier, the government announced yesterday, better than the median estimate of a […]

camila October 30, 2020

SINGAPORE (BLOOMBERG) – Dr Shi Xu once said that financial stability and job security were the two dreams he and his wife had when they moved to Singapore from China in the early 1990s. After almost three decades, they have become billionaires with the listing of their company, Nanofilm Technologies International. The provider of nanotechnology […]

camila October 30, 2020

SYDNEY (REUTERS) – A gauge of Asian shares fell for a third straight session on Friday (Oct 30) as jitters over upcoming US presidential elections and fears that the global economic downturn will persist enveloped markets, though the index was still set to end the month higher. MSCI’s broadest index of Asia-Pacific shares outside of […]

camila October 30, 2020

TOKYO (REUTERS) – Japan’s industrial output rose for the fourth straight month in September as the world’s third-largest economy continued to shake off the drag from the Covid-19 crisis largely thanks to improving external demand. Separate data on Friday (Oct 30) showed the September jobless rate held steady, while the number of available jobs per […]

camila October 30, 2020

SINGAPORE – Shares of Nanofilm Technologies International surged above its initial public offering (IPO) price in its debut on Friday (Oct 30), in Singapore’s biggest non-Reit listing in recent years. The stock was trading up 12.7 per cent at $2.92 from its IPO price of $2.59 as of 9.28am, with a hefty 65 million shares changing hands. […]

camila October 30, 2020

HONG KONG (BLOOMBERG) – Hong Kong’s economy is showing the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic. After more than a year of weakness in multiple economic indicators, data this week showed exports from the Asian financial hub surged the most in […]

camila October 29, 2020

HONG KONG (REUTERS) – Standard Chartered said third-quarter profit slid 40 per cent on higher credit impairment resulting from the coronavirus pandemic and lower interest rates, although a tighter rein on costs helped it beat expectations. Underlying pretax profit came in at US$745 million for the three months ended Sept 30, down from US$1.24 billion […]

camila October 29, 2020

WASHINGTON (AFP) – After the worst downturn on record, the US economy is expected to post jaw-dropping growth of between 30 and 35 per cent in the third quarter, but the headline number will obscure potential signs of trouble. With days before the Nov 3 election, President Donald Trump will almost certainly seize on the […]

camila October 29, 2020

SINGAPORE (THE BUSINESS TIMES) – Healthcare and energy firm New Silkroutes Group will appoint an independent public accounting firm to conduct an independent review into matters relating to two agreements involving its China subsidiary and the valuation of its stake in a Thai firm. This comes after the mainboard-listed company’s independent external auditor Deloitte & […]

camila October 29, 2020

SINGAPORE (REUTERS) – Asian stock markets fell on Thursday (Oct 29) but not as sharply as Wall Street’s rout overnight, while oil bounced off lows and US futures jumped, as Asia’s brighter economic outlook offset investor worries about fresh Covid-19 lockdowns in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 per cent. […]

camila October 29, 2020

STOCKHOLM (REUTERS) – Ikea’s shopping malls business, one of the world’s biggest, said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close. Ingka Centres, which has 45 malls anchored by Ikea stores across Europe, Russia and China and plans […]

camila October 28, 2020

SINGAPORE (THE BUSINESS TIMES) – SIA Engineering will recognise a non-cash impairment provision against its base maintenance unit’s assets, and is working on finalising the quantum. This is expected to have a material impact on the group’s financial results for the first half of its fiscal year, said the aircraft maintenance, repair and overhaul (MRO) […]

camila October 28, 2020

BEIJING (BLOOMBERG) – China’s economic recovery displayed mixed signals while remaining broadly steady in October, with small businesses turning more cautious and the property market weakening even as car sales soar. The aggregate index combining eight early indicators tracked by Bloomberg was unchanged from the previous month. Small business confidence eased in October, with sub-indices […]

camila October 28, 2020

NEW YORK (REUTERS) – Home-rental startup Airbnb plans to list its shares on the Nasdaq, setting the stage for one of 2020’s most high-profile stock market debuts. Earlier this month, Reuters reported the company was aiming to raise US$3 billion (S$4.1 billion) in its initial public offering ( IPO), which could give it a valuation […]

camila October 27, 2020

HONG KONG (BLOOMBERG) – Jack Ma, the former English teacher who co-founded Alibaba Group Holding with US$60,000 (S$81,600), is poised to become the world’s 11th richest person after Ant Group priced shares for a record initial public offering (IPO). Mr Ma’s 8.8 per cent stake is worth US$27.4 billion based on the stock pricing in […]