Bank of England's new capital framework unlikely to impact banking system: HSBC

The BoE said it would raise the rate of the capital buffer that it requires financial institutions to have from 0% to 0.5%, effective 29 March 2017.

Mar 30, 2016

SembCorp signs long-term power supply deal with Myanmar

The long-term power purchase agreement was signed with Myanma Electric Power Enterprise (MEPE).

Mar 30, 2016

Anbang sweetens offer for Starwood to $14 billion to trump Marriott

Starwood, which had accepted Marriott's $13.6 billion cash-and-stock offer, said it is weighing Anbang's offer.

Mar 29, 2016

Gold drops to 1-month low as dollar rallies on Fed rate hike view

The yellow metal fell to as low as $1207/ounce on Monday, its lowest since 22 February, and at the low, it was down 2.5% on the month.

Mar 28, 2016

Vietnam sharply lowers growth expectations due to disaster impacts

In the first quarter of 2016, the country is estimated to have grown 5.46%, down from the 6.12% growth recorded in the same period last year.

Mar 28, 2016

Halcyon joins China's Sinochem to create world's biggest natural rubber supplier

The deal will create world's largest and most comprehensive natural rubber supply chain manager.

Mar 28, 2016

Bank of Thailand leaves rates despite slowing growth, Thai baht falls

The BoT held its benchmark one-day bond repurchase rate at 1.5% in a unanimous decision and in line with expectations.

Mar 23, 2016

Deflation deepens in Singapore despite rising food prices, currency weakens further

The consumer price index fell 0.8% in February, deeper than the 0.6% fall happened in January.

Mar 23, 2016

StarHub takes 9% stake in mm2 Asia to drive pay TV offerings in Singapore

Headquartered in Singapore, mm2 Asia is a producer of content for TV and online platforms, and films

Mar 23, 2016

ASEAN countries susceptible to prolonged period subdued demand: Moody's

Total trade accounts for 346%, 131% and 130% of GDP in Singapore, Malaysia and Thailand, respectively, Moody's said.

Mar 22, 2016

Equity and crowdfunding platform FundedHere starts operations

Fundedhere helps startups in Asia to raise funds in exchange for equity stakes or via tenured loans.

Mar 22, 2016

Singapore shares down amid budget uncertainties, Chinese stocks up on easing hopes

The STI and Nikkei 225 indices ended more than 1% while Malaysian and Indonesian benchmark indices were down 0.2% and 0.35% respectively.

Mar 21, 2016

Singapore dollar stronger among emerging market currencies; exporters' woes worsen

This is despite a broadly weak US dollar and negative economic signals from the island economy.

Mar 19, 2016

Ascott in tie-up with Tujia, targets 2,000 units in China

The move will help Ascott raise its China portfolio from 1,005 units currently.

Mar 18, 2016

IMF: Global monetary system to be reviewed as growth of advanced economies, China rebalancing remain challenges

The Fund also highlighted the risk of continued volatility in financial markets owing to the differences in monetary conditions in the world's major economies.

Mar 18, 2016