Sale of Singapore's Asia Tower 1 to be largest single-tower deal in Asia Pacific

Asia Square Tower 1, owned by BlackRock and located along Marina View at Marina Bay is going to the hands of Qatar Investment Authority for S$3.4bn.

Jun 6, 2016

Qatari wealth fund to buy Marina Bay tower from BlackRock for $3.4 billion

Qatar Investment Authority pays $1,960 per square foot for the prime property in Singapore.

Jun 6, 2016

Asian currencies await bullish week as dollar under pressure after weak US jobs report

The Singapore dollar has rallied to a 1-month high after the US data.

Jun 4, 2016

Singapore wage growth slows but deflation helps accelerate pace of real wage rise

Hit by softer economic conditions in the City, profitable firms declined and loss makers increased in 2015.

Jun 2, 2016

South Korean won drops to 80-day low as inflation slows to lowest in 4 months

The won has fallen more than 0.5% on Wednesday, adding to the 3.6% decline in May.

Jun 1, 2016

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 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

Singapore orders closure of Swiss bank BSI linked to 1MDB

MAS asks state prosecutors to investigate six senior executives of BSI Bank.

May 24, 2016

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