Alvin Liew News
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Singapore’s bonds are rising at a pace that’s more than 10 times their global peers as a prolonged debt crisis in Europe leaves the island state among just seven countries ranked as top-rated havens.
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Singapore’s economy may be supported by a “strong” Asia as growth cools in 2011 from a record pace last year, according to Prime Minister Lee Hsien Loong .
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Malaysia may cut subsidies slowly to prevent triggering record inflation as it prepares to revamp a system that’s hampered efforts to reduce the budget deficit, Standard Chartered Plc and Citigroup Inc. said.
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The following are the day's top business stories:
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Malaysia’s central bank Governor Zeti Akhtar Aziz said inflation this year will be within the bank’s forecast range and isn’t a concern that needs to be addressed, Market News International reported.
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Singapore’s economy probably returned to growth this quarter as manufacturing rebounded, putting the nation on course to surpass Malaysia’s output with the world’s second-fastest growth rate this year.
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Singapore’s economy probably grew more than 20 percent for a second quarter as rising exports boosted manufacturing output and the opening of two casinos spurred tourist arrivals.
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Malaysia signed a free trade agreement with Chile that will see the two countries progressively reduce or eliminate tariffs on their respective agricultural and industrial products.
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The following are the day's top business stories:
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Asian nations may delay interest-rate increases as the European debt crisis roils global markets and threatens to undermine demand for the region’s exports, economists said.
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