Economy
Debt threat: Analyst warns Chinese government on risks from bank defaults
As more than 50% of total debt will mature by the end of 2013, Beijing will need to take action to restructure the local debt.
Debt threat: Analyst warns Chinese government on risks from bank defaults
As more than 50% of total debt will mature by the end of 2013, Beijing will need to take action to restructure the local debt.
5% of manufacturers threatened by a ‘deteriorating’ industry
But a weighted 17% expect business conditions to improve in H2 2011.
Inflation was higher for the rich
And that is because they use cars and petrol, which saw significant price increases.
Inflation may not slow sufficiently: HSBC
Persistent inflation reflects tight capacity conditions and still solid demand.
RMB not significantly overvalued: IMF
It’s official, Obama can back off as the IMF says China is not significantly manipulating its currency.
Inflation shocker: Prices in Singapore may have surged 5.2% in June
Standard Chartered says transport costs may resume their double-digit rise despite lower fuel prices.
MAS loses almost S$11b
They blamed it on a strong exchange rate.
Higher inflation pegged at 4-5%
MAS revised its forecast from 3-4% due to rising accommodation costs and private transport costs.
Uncertainties have clearly increased: MAS
GDP growth forecast range remains at 5 – 7% for now though, says Managing Director Ravi Menon.
Tightening bites: China’s Flash Manufacturing PMI drops to 48.9 in July
This is the first time flash PMI fell below 50 in a year.
Credit profile strength recovers with just 7% of ratings on negative outlook: Fitch
But the outlook for ratings is more negative in some important areas, notably euro zone peripheral countries.
Rupert Murdoch: Ministers’ high pay in Singapore avoids corruption
"It is the cleanest society you'd find anywhere," said the media mogul.
Asia Pac oil and gas companies to overcome liquidity pressures
Standard & Poor’s says crude prices are likely to remain volatile in the next 9 to 12 months.
Gold rush: Is the yellow stuff really a ‘safe haven’ or ‘fools gold’ against a falling USD?
Gold prices are encouraged, surging by more than $20 to $1,585.50/oz.
Singapore dollar hits S$1.2140 to the US$
This is an all-time high before the Singapore dollar traded at S$1.2151.
India’s industrial production slows to lowest growth in 9 months
A weak 5.6% growth rate is just the beginning of a slowdown according to RBS
Asia’s credit growth not yet a cause for concern: Morgan Stanley
Credit in China, India, Korea and Australia is starting to stabilise relative to GDP.
Read Here
Advertise
Sign Up
Commentary
AI is revolutionising learning: Why should educational institutions in Singapore embrace this change?
Seeking an office space in Singapore: Where do you start?