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Economy

China to lay off six million workers as 'zombie industries' go under knife

China's 37 million workforce in the state sector accounts for nearly 40 percent of the country's industrial production. Mar 2, 2016

Singapore office space vacancy rates rise as slowdown bites

Adding to the problem of oversupply, many top dollar projects are nearing completion. Mar 1, 2016

China yuan down to 2-week low, shares plunge, on first day after G20

Yi Gang, the vice governor of China's central bank, had said on Sunday that said he is confident in the currency's fundamentals Feb 29, 2016

China to work for investment treaty with US, infra cooperation with Turkey: Vice Premier Wang

Wang met with U.S. Treasury Secretary Jacob Lew and the Turkish counterpart Mehmet Simsek in Beijing on Sunday. Feb 29, 2016

China terms Pentagon remarks on South China Sea as 'fallacy'

China urges the U.S. to stop playing up the situation. Feb 27, 2016

SGX offers to buy Baltic Exchange with LME, CME and ICE also in the race

SGX share prices rise as investors cheer the move. Feb 26, 2016

Growth concerns, reform agenda to dominate Shanghai G20 talks

China said it is keeping its reform plans intact and BoE's Mark Carney said central banks still have unused tools. Feb 26, 2016

China to spend 100bn yuan to re-employ laid-off workers

The workers who lost their jobs as part of capacity rationalization in industrial units will benefit from this move. Feb 25, 2016

Technical analysis: Singapore dollar headed south for 1.50/USD

The move off the 6-year low hit last month to a 3-month high this month is only a slight correction. Feb 25, 2016

Chinese yuan pares most of pre-holiday gains intensifying devaluation fears

With Wednesday's move, the Chinese currency is down nearly 0.7% from last week's levels. Feb 24, 2016

Singapore dollar weakens as GDP data disappoints

Singapore expanded 2% in 2015, trailing official forecast of 2.1% and well below the 2014 rate of 3.3%. Feb 24, 2016

Singapore economy expands at slowest pace since 2009 crisis

Growth was earlier pegged at 2.1 percent but a sharp downturn in manufacturing amid a global slowdown drove growth figures lower. Feb 24, 2016

Singapore consumer prices fall for 15th straight month in January

Core inflation, which excludes accommodation and private road transport, was at 0.4 per cent, compared to 0.3 per cent in December. Feb 23, 2016

Singapore's petrol retailers pass on most of wholesale price slide to consumers

The country's Competition Commission said that there is no evidence to suggest collusion in petrol pricing among retailers. Feb 23, 2016

UK's Pound keeps downward track ahead of GDP data

The Sterling is down 1% so far this month and hovers near a 7-year low versus US dollar. Feb 23, 2016
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