Tag Archives: business

Profit growth for China’s industrial firms cooled for a third straight month in July in a further indication that demand in the world’s second-biggest economy is cooling even as U.S. trade pressure mounts. Industrial profits in July rose 16.2 percent from a year earlier to 515.12 billion yuan ($74.94 billion), slowing from a 20 percent […]

New Zealand’s Parliament passed a law on Wednesday (Aug 15) to ban many non-resident foreigners from buying existing homes, completing the Labour-led government’s election campaign pledge. The ban only applies to non-residents. Australians and Singaporeans are exempted because of free-trade deals. Jacinda Ardern, New Zealand’s popular 38-year-old prime minister, campaigned before last September’s election on […]

Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year. However, President Joko “Jokowi” Widodo has said he wanted Indonesia to further increase coal production to 585 million by year-end as part of efforts to narrow the current-account deficit (CAD). “Yesterday [Tuesday], during […]

The government has asked major exporters to park their export revenue in Indonesia and convert it into rupiah to help bolster the currency’s exchange rate. President Joko “Jokowi” Widodo made the call during his meeting with 40 top Indonesian exporters on Thursday at Bogor Palace in West Java. Also present at the meeting were Indonesia’s richest man, Robert Budi […]

The Indonesian Creative Economy Agency (Bekraf) in cooperation with the Indonesian Embassy in Singapore has opened a temporary pop-up store for Indonesian fashion startups to showcase their products in Singapore. At least 14 selected local brands, ranging from ready-to-wear clothing, watches and socks, will be taking part in the event running at Paragon Mall in the city-state from Aug. 1 […]

Middle-market firms in Singapore are brimming with optimism this year, with nine in 10 expecting growth in excess of the global average growth rate of 6 per cent, according to the annual EY Growth Barometer released on Wednesday (July 25). Middle-market firms are those with sizeable annual revenues that fall centrally within the market in […]

hangi Airport handled 5.57 million passenger movements in June 2018, a 6.9 per cent year-on-year increase, Changi Airport Group (CAG) said on Tuesday (Jul 24). In terms of landings and takeoffs, there were 31,870 aircraft movements in June, 3.1 per cent higher than the same period last year. Traffic between Singapore and Europe grew 19 per […]

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