But concerns linger that some will not comply with Opec’s plan SINGAPORE: Oil edged up on hopes that some planned output cuts agreed by the Organisation of the Petroleum Exporting Countries (Opec) and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market. […]
Read MoreSingapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. Key points Gross domestic product rose an annualised 9.1% in the three months to December from the previous quarter, when it declined a revised 1.9%, the Trade Ministry said in a statement on Tuesday The […]
Read MoreSingapore dollar bonds worth S$22 billion are callable or due to mature next year, exposing issuers and investors to refinancing risks as borrowing costs rise in the US, IFR reported. The US Federal Reserve last Wednesday (Dec 14) raised policy rates by 25 basis points and surprised markets with guidance for three, instead of the […]
Read MoreSingapore exporters have endured a slow year amid lacklustre global growth, but trade data out yesterday seemed to offer cause for hesitant optimism. Non-oil domestic exports posted an unexpected 11.5 per cent rise in November over the same month last year, overturning economists’ expectations of a 2.7 per cent contraction. Still, economists warned that it […]
Read MoreSingapore: High wages flash recession warnings in Singapore Monday, 22 August 2016 – SaladStop owner Adrien Desbaillets has eased off on expansion plans for his organic food chain in Singapore because high wages are pressuring profit margins at a time when the affluent city-state is grappling with low growth and slack global demand. Instead Desbaillets […]
Read MoreSingapore: Oil prices fall as analysts say August price rally has been overblown Monday, 22 August 2016 – SINGAPORE: Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August’s over 20-percent crude rally looks […]
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