• COMMENT: Curb Your Enthusiasm for Singapore's Housing Revival
    Bloombergyesterday

    COMMENT: Curb Your Enthusiasm for Singapore's Housing Revival

    Rents on Singapore residential properties have fallen 12.5 per cent over four years. What’s not to like about Singapore’s property market? Prices have stopped falling, and Credit Suisse Group AG expects them to rise between 5 percent and 10 percent this year.

  • Singapore falls to 8th in Asia expat rental ranking; Hong Kong is most expensive
    Bloombergyesterday

    Singapore falls to 8th in Asia expat rental ranking; Hong Kong is most expensive

    Rents for expatriates in Singapore fell due to a slower economy and fewer relocations, according to ECA International. Hong Kong retained its title as Asia’s most expensive rental city for expatriates, while Singapore fell further down the ranking due to a slower economy and fewer relocations, according

  • Dilemma for Philippine Central Bank Seeking Reserve Ratio Cut
    Bloombergyesterday

    Dilemma for Philippine Central Bank Seeking Reserve Ratio Cut

    Philippine central bank Governor Nestor Espenilla said it’s getting harder to cut the reserve requirement ratio for lenders as he’d pledged to do when he took office six months ago, with inflation set to pick up. The central bank is still studying the possible effect of higher taxes on inflation projections

  • Singapore Has More Tax Options Than a GST Hike in 2018 Budget
    Bloomberg6 days ago

    Singapore Has More Tax Options Than a GST Hike in 2018 Budget

    Speculation is buzzing that the Singapore government will raise the goods and services tax in its Feb. 19 budget rollout. While Malaysia, Thailand and Indonesia all have been brainstorming this kind of levy, Singapore may have to move faster, said Chua Hak Bin, a senior economist at Maybank Kim Eng

  • Payout Power: Singapore Loves Dividends, Australia Most Generous
    Bloomberg8 days ago

    Payout Power: Singapore Loves Dividends, Australia Most Generous

    Singapore’s central business district. Singapore and the Philippines led the world in the proportion of companies that made or pledged dividend payments in 2017. Dividend-dependent investors were best served by the Asia-Pacific region last year, with Australia’s benchmark index offering the highest

  • YouTube's unlikely peacemaker plans to make musicians rich
    Bloomberg14 days ago

    YouTube's unlikely peacemaker plans to make musicians rich

    Youtube’s global head of original content Susanne Daniels (left) and Demi Lovato at the “Demi Lovato: Simply Complicated” YouTube premiere at The Fonda Theatre on October 11, 2017 in Los Angeles. The former teen idol credits the YouTube documentary with boosting sales of her latest album. The music

  • Spotify tests whether investors believe in music's resurgence
    Bloomberg14 days ago

    Spotify tests whether investors believe in music's resurgence

    Spotify built the most popular on-demand music service in the world, outflanking the largest technology companies, including Apple. Investors are finally getting a crack at the resurgent music business. Spotify, owner of the world’s largest paid music service, plans to begin trading on the New York

  • Singapore's Economy Expands More Than Estimated on Services
    Bloomberg16 days ago

    Singapore's Economy Expands More Than Estimated on Services

    Singapore’s economy grew at a faster pace than economists estimated in the fourth quarter of 2017, boosted by services such as finance and insurance. Gross domestic product rose at a seasonally adjusted and annualized rate of 2.8 percent from the previous three months, according to preliminary figures

  • Fitch Upgrades Philippines in Win for Duterte's Economic Plans
    Bloomberglast month

    Fitch Upgrades Philippines in Win for Duterte's Economic Plans

    Fitch Ratings raised the Philippines sovereign rating in a boost for President Rodrigo Duterte’s economic plans, which include a tax reform that’s set to strengthen the fiscal outlook. The rating on the nation’s long-term foreign currency-denominated debt was raised one level to BBB with a stable outlook

  • Galaxy Entertainment Says It's Planning Resort in Philippines
    Bloomberglast month

    Galaxy Entertainment Says It's Planning Resort in Philippines

    Galaxy Entertainment Group Ltd. is planning to develop a resort in the Philippines as casino operators seek out new markets for growth. Galaxy’s billionaire Deputy Chairman Francis Lui met with Philippines President Rodrigo Duterte Wednesday to discuss gaming opportunities, Lui said in an email.

  • More Grandmas Means Singapore 'Time Bomb' Ticks Louder in 2018
    Bloomberglast month

    More Grandmas Means Singapore 'Time Bomb' Ticks Louder in 2018

    Next year marks an ominous turning point for Singapore’s graying population, according to research by Francis Tan, an economist at United Overseas Bank Ltd. in Singapore. In 2018, the share of the population that’s 65 years and older will match those younger than 15 for the first time, Tan wrote in

  • `Rampant' Singapore Piracy Prompts Hollywood Lobby for Crackdown
    Bloomberglast month

    `Rampant' Singapore Piracy Prompts Hollywood Lobby for Crackdown

    Singapore, which prides itself on being a haven for law and order, is being called a haven for pirating copyrighted programming by entertainment titans such as Walt Disney, HBO, the National Basketball Association and the English Premier League. Viewers in the city-state buy legitimate set-top boxes

  • Singapore Upgrades 2017 Growth Forecast to as Much as 3.5%
    Bloomberg2 months ago

    Singapore Upgrades 2017 Growth Forecast to as Much as 3.5%

    FILE PHOTO: Singapore’s skyline is seen June 17, 2017. Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing. A healing in global trade this year has helped boost export-reliant

  • Broadcasting giants accused of bribing FIFA officials in corruption trial
    Bloomberg2 months ago

    Broadcasting giants accused of bribing FIFA officials in corruption trial

    Fox Sports, Globo and Grupo Televisa SAB, were implicated in corruption of international soccer. Some of the world’s biggest broadcasters, including Fox Sports, Globo and Grupo Televisa SAB, were implicated in corruption of international soccer, with a former sports-marketing executive telling a U.S

  • Indonesia to Probe Subianto, Suhartos Over Paradise Papers
    Bloomberg2 months ago

    Indonesia to Probe Subianto, Suhartos Over Paradise Papers

    Indonesian authorities are investigating if former presidential candidate Prabowo Subianto and the children of ex-dictator Suharto, named in documents leaked from a Bermuda law firm, are in breach of the country’s tax laws. The tax office will scrutinize financial disclosures made by Subianto in the

  • DBS Profit Sinks as Bank Tries to Put Bad Energy Loans Behind It
    Bloomberg2 months ago

    DBS Profit Sinks as Bank Tries to Put Bad Energy Loans Behind It

    DBS Group Holdings Ltd. reported a surprise drop in third-quarter profit as Southeast Asia’s largest bank boosted bad-loan allowances more than sixfold in an effort to deal with its problem lending to the regional oil and gas services sector. The bank reported a 23 percent drop in net income to S$822

  • Fashion Designers Dolce & Gabbana Are Now in the Pasta Business
    Bloomberg2 months ago

    Fashion Designers Dolce & Gabbana Are Now in the Pasta Business

    Dolce & Gabbana have teamed up with venerable Italian pasta maker Pastificio di Martino. In September, the iconoclastic Italian designer house Dolce & Gabbana sent a parade of food-oriented outfits down the runway at the Paris show for its Spring 2018 collection, including high-waisted, carrot-and-radish-printed

  • Singapore Police Examine Goldman Role in 1MDB Deals
    Bloomberg2 months ago

    Singapore Police Examine Goldman Role in 1MDB Deals

    Singaporean prosecutors and police are examining Goldman Sachs Group Inc.’s relationship with the Malaysian state investment fund at the center of global money laundering probes, people with knowledge of the matter said. The Commercial Affairs Department, the police’s economic crime unit, and city prosecutors

  • Games win puts focus on banks' gay rights push in Hong Kong
    Bloomberg3 months ago

    Games win puts focus on banks' gay rights push in Hong Kong

    Hong Kong’s HSBC bank painted the lions outside its main office in rainbow colours for its pro-LGBT campaign in 2016. Hong Kong’s selection to host the 2022 Gay Games puts the spotlight on calls by Goldman Sachs Group Inc., BlackRock Inc. and other financial institutions for the city government to make

  • Visa approves Monaco cryptocurrency card for Singapore residents
    Bloomberg3 months ago

    Visa approves Monaco cryptocurrency card for Singapore residents

    Visa Inc has approved a prepaid card backed by the cryptocurrency Monaco as the world’s largest payments network continues its foray into digital currencies. Monaco’s prepaid card has been approved for issuance to Singaporean residents, Visa spokeswoman Lea Cademenos said in an e-mail. Visa approved

  • COMMENT: Singapore's Brexit fallout bid shows true fighting spirit
    Bloomberg3 months ago

    COMMENT: Singapore's Brexit fallout bid shows true fighting spirit

    Asia’s two rival financial centers, Hong Kong and Singapore, are competing for London’s financial business. Singapore doesn’t like to leave things to chance, so when there’s a play to be made for a slice of London’s financial business, you can expect the city-state to pull out all stops.

  • Razer CEO to become a billionaire with backing from Li Ka-shing
    Bloomberg3 months ago

    Razer CEO to become a billionaire with backing from Li Ka-shing

    Singapore entrepreneur Tan Min-Liang owns about 42 per cent of Razer. After raising funds from Asia’s biggest investors, including Hong Kong tycoon Li Ka-shing and Singapore’s Temasek Holdings Pte, Razer Inc. is turning to the market for an initial public offering that will make its co-founder Tan Min-Liang

  • Why your HR department can't stop sexual harassment
    Bloomberg3 months ago

    Why your HR department can't stop sexual harassment

    In an ideal world, anyone who experiences harassment at work would head directly to the human resource department. The recent spate of high-profile workplace harassment allegations demonstrates how far things are from that standard. Susan Fowler took her complaints of harassment to Uber’s HR department

  • Google plots grassroots path into China through AI, investments
    Bloomberg3 months ago

    Google plots grassroots path into China through AI, investments

    Google is actively promoting TensorFlow, software that makes it easier to build AI systems, as a way to forge business ties in the world’s largest online market. More than seven years after exiting China, Google is taking the boldest steps yet to come back. Instead, Google’s ingress is centered around

  • Singaporeans ready to work for longer as 70 becomes the new 60
    Bloomberg3 months ago

    Singaporeans ready to work for longer as 70 becomes the new 60

    A RAND survey found that Singaporeans have greater expectations of carrying on work after retirement age. Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them. Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than