Economy

Global diggers: demand for the yellow stuff up 12% to 981 tonnes in first three months of 2011

Global diggers: demand for the yellow stuff up 12% to 981 tonnes in first three months of 2011

Chinese and Indian buyers aren’t broke, and are behind the surge in demand, but you will never guess how much gold was bought for pure investment.

Japan ‘Anxiety Index’ shows only 4 out of 10 Japanese trust their leaders

And it's not suprising that 91% of Japanese feel very anxious, but who are the calm and stoic 9%?

MTI upgrades 2011 economic growth forecast to 5%-7%

Yet continued concerns of Europe’s sovereign debt sustainability, political turmoil in the Middle East and North Africa, and extended industrial...

High base effect stumps trade growth

Total external trade may have expanded year-on-year by 12 percent in the first quarter of 2011 but the government said trade growth decelerated.

GDP numbers in line with expectation: DBS

The sequential growth figure suggests that underlying growth momentum has remained fairly robust, according to DBS.

Finance minister promoted to deputy PM

Tharman Shanmugaratnam retains his finmin position as three ministers retire from the Cabinet.

The great Chinese slowdown is coming soon to a city near you

Macquarie argues that monetary policy has been tightened so its just a matter of time to see how much this freight train slows down.

Aussie earnings threatened by wage demands, rates rises

It's risk on for strikes and cushions with lenders may be pressured, says Moody's.

Rising Oil prices will drag Asian economic growth: Ernst & Young

The firm warns of a "new kind of oil shock" we haven't see before.

Fishy business: China Fishery’s net profit drops 2% to US $46 million

The fish processor was hit by a closure of the Peruvian fishing grounds and the delayed delivery of fish roe to Japan.

Oops. April exports fell by 1.8% year-on-year

Don't panic yet, but the drop in non-oil domestic exports resulted in total exports growing by just 5% which is well below the 12.7% recorded in...

Recent election marks PAP's narrowest margin of victory

The rise in popular dissatisfaction with the PAP may eventually alter the economic policy framework, said Moody's.

PM: Connectivity key to propelling SG economy forward

Singapore's economy will grow by staying plugged into the world, said Prime Minister Lee Hsien Loong.

Singapore wealth fund warns against lowering US bond ratings

A top official at Singapore sovereign wealth fund GIC feels the world could face another major financial and economic crisis if the United States...

PAP gains 60.1% of popular vote

Ruling party PAP secured 81 of the total 87 parliamentary seats, said OCBC.

Singapore still the top Asian city to do business and leisure

New York topped the Cities of Opportunities ranking while Singapore ranked 9th worldwide.

PM says wage increase has a hidden risk

Should built-in wages grow too much and too fast, Singapore would generate a wage-price spiral that feeds inflation, said PM Lee.