EconomyLoop
where regional business news becomes global to everyone

Hong Kong and Paris squeeze into Singapore's throne as costliest city globally

Singapore and Hong Kong are 7% more expensive than New York.... read more

 SBR11 hours ago

     
Singapore's export and manufacturing woes spur economic slowdown in 2019

GDP growth is expected to decline to 2.4% in 2019 from 3.2% in 2018.... read more

 SBRYesterday
Indonesian economy to slow down despite pre-election spending

GDP growth is expected to slow down from 5.2% to 5%.... read more

 SBRYesterday
Southeast Asia GDP to slow down to 4.8% in 2018

Volatile export and manufacturing sectors are challenging the region's economies.... read more

 SBRYesterday
Only one in four construction SMEs paid their debts on time in Q4 2018: report

Weak activity was attributed to lower than anticipated construction demand for both the private and public sectors.... read more

 SBRYesterday
Singapore hailed as most attractive Asian market to do business: survey

Other outstanding cities following Singapore include Tokyo, Hong Kong and Seoul.... read more

 SBR5 days ago
8 in 10 Singaporean women leave major financial decisions to spouses: report

Only 20% of Singapore women engage in investing, insurance, retirement and other long-term planning.... read more

 SBR11 days ago
MAS urges financial firms to adopt independent audit programmes

It aims to raise the standards for financial institutions in developing effective business continuity plans.... read more

 SBR11 days ago
China to develop platform economy in 2020

The country is aiming to build a commodity circulation system that fits the modern economic system.... read more

 SBR11 days ago
Asia is home to 48,245 ultra-high net worth individuals in 2018: report

The population is forecasted to grow 23% over the next five years.... read more

 SBR11 days ago
Singapore slides to fourth place in Knight Frank's City Wealth Index

It lagged London, New York and Hong Kong.... read more

 SBR12 days ago
3.8% Philippine inflation in February falls back within target

The growth of the country's supply chain and oil prices have slowed down.... read more

 SBR13 days ago
Singapore eyes erasing paperwork in exchange of trade documents

IMDA and MPA will tie up to develop electronic Bills of Lading.... read more

 SBR13 days ago
China needs US$596.51b of stimulus to reach GDP target

Investments in infrastructure and construction are expected to boost growth.... read more

 SBR13 days ago
Singapore to raise insurance cover for overseas project funding to $50m

It wants to boost support for local businesses' overseas expansion.... read more

 SBR14 days ago
Malaysia's exports inched up 3.1% in January

The exports of manufacturing and mining goods underpinned export growth.... read more

 SBR14 days ago
Singapore urges Johor to honour the terms of the 1962 Water Agreement

Johor's chief minister said he plans to stop buying treated water from Singapore.... read more

 SBR14 days ago
Local business sentiment weakened in Q2 2019

The Business Optimism Index fell to +5.08 points as only four of six indicators are in the expansion zone.... read more

 SBR14 days ago
Daily Briefing: Singapore to invest $300m in digital innovation research; Two-room flexi flat application rates dropped to 4.2% in 2018

And Sea will add US$1b to its cash pile to amp up its digital entertainment offerings.... read more

 SBR14 days ago
Singapore still waits for timing of 2% GST hike

It is still monitoring economic conditions as well as expenditure trends and revenue buoyancy.... read more

 SBR18 days ago
Daily Briefing: Singapore dollar to strengthen amidst US-China trade truce; US-based hacker-powered security platform HackerOne expands to Singapore

And Singapore-based online luxury marketplace Reebonz faces Nasdaq delisting.... read more

 SBR18 days ago
Business receipts climbed 4.1% in Q4 2018

The infocomm segment's business receipts led the growth and jumped 7.2%.... read more

 SBR19 days ago
SBR International Business Awards 2019 is open for nominations

The awards will honour first-rate international businesses in Singapore.... read more

 SBR19 days ago
Manufacturing output contracts for the first time since 2017

It shrank by 3.1% no thanks to declines in electronics and precision engineering.... read more

 SBR20 days ago
Singapore loses out to Netherlands as world's most connected country: report

The Lion City is expected to benefit from initiatives aiming to improve logistics and harmonise regulations.... read more

 SBR20 days ago
Inflation eased to 1.7% in January

Slower growth in electricity and gas prices outweighed higher services inflation.... read more

 SBR22 days ago
Singapore's foreign workers left in limbo amidst tighter manpower rules

The foreign worker quota in the services sector will be cut as finance minister Heng notes that the growth in S-pass services holders hit a five-... read more

 SBR25 days ago
Domestic wholesale trade climbed 16.9% in Q4

Wholesale trade of petroleum products surged 43.2%.... read more

 SBR26 days ago
Over 800,000 jobs in limbo amidst tightened foreign worker policy

The foreign worker quota in the services sector will be cut as finance minister Heng notes that the growth in S-pass services holders hit a five-... read more

 SBR26 days ago
Singapore ‘working hard' with China for early conclusion of RCEP

The city-state is also pumping up efforts to diversify its portfolio through other free trade agreements with countries.... read more

 SBR132 days ago
Singapore firms should explore beyond China's established cities: trade minister

Chan hopes to deepen SingCham and ESG's network to create opportunities in different parts of China.... read more

 SBR132 days ago
Almost half of Singapore firms say China is their sales destination

2 in 5 think that China's growing consumer wealth could unveil opportunities.... read more

 SBR133 days ago
Indonesia GDP growth dips to 5.17% in Q3

This has been driven by slower household consumption during the period.... read more

 SBR133 days ago
ASEAN manufacturing sector PMI falls to 49.8

The index reading was the lowest recorded in 15 months.... read more

 SBR133 days ago
MAS seals $13.76b financial deal with Bank of Indonesia

It will make a local currency bilateral swap agreement where both central banks can exchange up to $9.5b.... read more

 SBR134 days ago
9 in 10 ASEAN corporates have the most bullish trade outlook in the world: report

This outlook by ASEAN firms is higher than the global average of 77%.... read more

 SBR134 days ago
Singapore assessing 2019 forecasts amidst escalating trade spat: Finance minister

Singapore has already witnessed a slash in business investments amidst the looming trade wars.... read more

 SBR134 days ago
New Zealand is the easiest place to do business

It holds the shortest time to start a business at 0.5 days.... read more

 SBR134 days ago
Singapore and Chongqing form fintech alliance

Chongqing and Singapore will work together to apply FinTech solutions to make STC hassle free, safe and cost efficient for stakeholders.... read more

 SBR134 days ago
Qualifying cross-border financing deals with Chongqing hit $5.78b in August

Bond issuance by Chinese issuers in Singapore almost doubled in 2017 to reach $18b.... read more

 SBR137 days ago
New Zealand beats Singapore in ease of doing business rankings

Singapore can improve by making property registration and electricity application easier.... read more

 SBR137 days ago
Service and manufacturing outlooks worsen for Q4 amidst global trade tensions

Real estate services and the machinery & systems manufacturing segment will bear the brunt, according to government agencies.... read more

 SBR138 days ago
Singapore and London dubbed model cities for fintech activity

Singapore is home to two in five, or 39%, of ASEAN fintechs according to UOB.... read more

 SBR139 days ago
Singapore is Asia's most sustainable city: study

It ranked first in the profit pillar which looks into the business environment and economic performance of cities.... read more

 SBR139 days ago
Singapore is Asia's most sustainable city: study

It ranked first in the profit pillar which looks into the business environment and economic performance of cities. Singapore... read more

 SBR139 days ago
Tariff war footprint tramples beyond Singapore's manufacturing

Banking is another vulnerable target.... read more

 SBR139 days ago
Nearly one in five of the world's billionaires are crazy rich Chinese entrepreneurs

A new cohort of Chinese entrepreneurs in Shenzhen will challenge US's Silicon Valley tech hub China's 373 billionaire... read more

 SBR140 days ago
APAC leads total global venture capital investments in Q3

Grab accounted for the largest deal in the region with a $2b raise.... read more

 SBR141 days ago
Retrenchments fall in Q3 as employment growth doubles

However, unemployment rates inched up slightly from 2% to 2.1%.... read more

 SBR144 days ago
Singapore manufacturing shrank 0.2% in September

All clusters contracted except for transport engineering and precision engineering clusters.... read more

 SBR144 days ago