Markets

Malaysian bonds at crossroads as budget looms

A nascent recovery in Malaysian bond inflows is set to depend on whether Prime Minister Najib Razak will be able to shrink the fiscal deficit while appealing to voters in an expected election budget.Najib will be able to count on higher revenue from a consumption tax and a recovery in crude prices, giving him room to commit to a balanced budget that would spur Malaysia’s bonds to outperform, according to Investec Asset Management.

25 October 2017
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Singapore needs to be prepared for inflation pickup

Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures.Inflation will climb at some point if economic growth continues to strengthen, and under those circumstances, the central bank – like others around the world – needs to be forward-looking, Ravi Menon, managing director of the Monetary Authority of Singapore, said in an interview at the bank’s headquarter

25 October 2017
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Singapore malls are primed for Amazon

Singapore's malls are one click away from irrelevance, though the investment trusts that own them are carrying on as if nothing has changed.The first hint of trouble showed up in January when department store John Little shut down after a 174-year run.

24 October 2017
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Singapore to freeze number of cars on its roads

Singapore, one of the most expensive places in the world to buy a vehicle, has announced it will freeze the number of private cars on its roads from next year but vowed to expand public transport.The growth cap for all passenger cars and motorcycles will be cut from 0.25 percent a year to zero with effect from February, the Land Transport Authority (LTA) said.The affluent city-state of 5.6 million people already imposes a quota on the number of vehicles sold and the number on its roads, and h

24 October 2017
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Singapore venture capital surges as startups grow

Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet.

23 October 2017
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Malaysian technology stock surged 400%

For technology stock investors, it sometimes pays to buy the companies that make the parts.Take Techfast Holdings, a small Malaysian supplier of everything from screws and self-clinching fasteners to materials for light-emitting diodes.

23 October 2017
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Vietnam's central bank confident of keeping currency stable

Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy.With reserve levels at 45 billion dollars, “we are confident that we will be able to maintain the dong’s value,” in 2017, Nguyen Thi Hong, deputy governor of State Bank of Vietnam, said on the sidelines of a meeting in Hoi An on Saturday.

23 October 2017
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Discovering the hidden jewels of Southeast Asia

Southeast Asian countries are innately blessed with the diverse culture and heritage sites that they could offer to tourists from all across the world. Every country within the region will entice you with even more stunning nature, architecture and ethos.

23 October 2017
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Indonesia's Garuda targets profit in 2018

Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve.The airline is predicting a profit of 75 million dollars in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in the first six months of the year, Chief Executive Officer Pahala Mansury said.

23 October 2017
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The Widespread Impact Of Cancer On Southeast Asia

It’s that time of the year again where people are handing out pink ribbons as part of a public awareness programme aimed at reminding women across the globe to head for a breast examination in order to combat breast cancer.

21 October 2017
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Singapore's gaming giant poised to raise $850 mln

Singapore’s Sea plans to price shares at 15 dollars in its initial public offering and raise more than 850 million dollars, according to people familiar with the matter.The total amount may be more than one billion dollars if an option to sell additional shares is exercised, said one of the people, asking not to be identified because the matter is private.

20 October 2017
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