Great Eastern’s Malaysian subsidiaries call off proposed acquisitions of AmMetLife Insurance, AmMetLife Takaful
Jovi Ho - Great Eastern Holdings’ (GEH) Malaysian subsidiaries have called off a proposed acquisition of AmMetLife Insurance Berhad and AmMetLife Takaful Berhad after more than a year. In a Feb 3 bourse filing, GEH says its Malaysian subsidiaries Great Eastern Life Assurance (Malaysia) Berhad (GELM) and ...
Budget wishes for housing: raise income ceiling and drop mortgage servicing ratio for executive condos
Leslie Yee - Affordability of new ECs can be challenging based on monthly income of S$16,000
Freehold Tan Boon Liat Building site up for sale for S$1.15 billion, may be rezoned for residential use
Jessie Lim - The buyer is expected to pay a land betterment charge estimated at S$830 million to S$840 million on top of the purchase...
Freehold Tan Boon Liat Building site up for sale for $1.15 billion, may be rezoned for residential use
Jessie Lim - The buyer is expected to pay a land betterment charge estimated at S$830 million to S$840 million on top of the purchase...
Yen shows glimpses of haven appeal even as dollar pushes it down
Bloomberg - The yen withstood the worst of the US dollar’s onslaught on Monday after US President Donald Trump imposed new tariffs, suggesting that investors still see value in the Japanese currency as a haven in times of turmoil. It advanced as much as 0.3% against the greenback before trading 0.3% lower at ...
Indonesia's January inflation at 0.76% y/y, statistics bureau says
JAKARTA : Indonesia's annual inflation rate was 0.76 per cent in January, official data showed on Monday, dropping sharply from a rate of 1.57 per cent in December and coming in below the lower bound of the central bank's target range for the year.The rate in January was below analysts ...
Indonesia's Jan inflation at 0.76% y/y, lowest since 2000
JAKARTA :Indonesia's annual inflation rate was 0.76 per cent in January, official data showed on Monday, dropping sharply from 1.57 per cent in December and coming in below the lower bound of the central bank's target range for the year.According to the country's statistics bureau, it ...
Indonesia's inflation in Jan at 0.76% y/y, lowest since at least 2006
JAKARTA :Indonesia's annual inflation rate was 0.76 per cent in January, official data showed on Monday, dropping sharply from 1.57 per cent in December and coming in below the lower bound of the central bank's target range for the year.According to the country's statistics bureau, it ...
Chinese stocks in Hong Kong drop post-holiday on 10% US tariff
Bloomberg - Chinese equities listed in Hong Kong fell after US President Donald Trump imposed a 10% levy on China. The Hang Seng China Enterprises Index dropped as much as 2.5% in early trading before paring the decline to 1% as trading resumed after the Lunar New Year holiday. The weakness was in line with los ...
Panama offers concessions to US after Rubio meets president
The US built the canal at the start of the 20th century and ceded it back to Panama in 1999
Panama offers concessions to US after Marco Rubio meets president
The Panama Canal has come under heightened scrutiny since December, when Trump complained that it’s charging exorbitant rates to US ships
Asia's factory activity weakens as Trump tariffs jolt sentiment
TOKYO: Asia's factory activity weakened in January as soft Chinese demand and threats of higher tariffs by US President Donald Trump weighed on business sentiment, private surveys showed on Monday (Feb 3), darkening the outlook for the region's economy. The latest factory readings come as ...
Ether, memecoins plunge as traders shed risk after Trump tariffs
Bloomberg - Crypto traders responded to tariffs announced over the weekend by US President Donald Trump by slashing positions in a range of tokens. Ether, the second-largest digital asset by market value, fell as much as 26.53% to US$2,135 ($2,922.71) on Monday morning in Asia before paring losses, according to ...
MSCI Singapore index up 4.14% m-o-m in January despite Trump’s ‘capriciousness’: CGSI
Jovi Ho - The MSCI Singapore index (SIMSCI) closed on Jan 25 at 387.97 points, up 15.44 points or 4.14% m-o-m. The gain comes even as countries and markets around the world tried to take stock and position themselves following the US government transition, given the “capriciousness” of the Trump administr ...
Japan's factory activity extends decline, optimism weakens, PMI shows
TOKYO: Japan's factory activity fell at the fastest pace in 10 months on sluggish demand, a private-sector survey showed on Monday (Feb 3), with business confidence hitting a more than two-year low in a sign that the manufacturing sector is under heavy pressure. The final au Jibun Bank Japan ma ...
China factory activity growth slows in January, Caixin PMI shows
BEIJING: China's factory activity grew at a slower pace in January, while staffing levels fell at the quickest pace in nearly five years as trade uncertainties increased, a private-sector business survey showed on Monday (Feb 3). The Caixin/S&P Global manufacturing PMI slipped to 50.1 in Ja ...
Increased US tariffs may lead to 10Y US Treasury yields increasing to 5%: Bank of Singapore
Felicia Tan - Bank of Singapore’s chief economist Mansoor Mohi-uddin sees four implications from the sudden return of trade wars this year. According to Mohi-uddin, US President Donald Trump’s moves to impose additional tariffs on Canadian and Mexican exports as well as Chinese goods, came as a surprise to in ...
Asean’s data centre gold rush to get a boost from DeepSeek’s AI leap: Maybank
Chong Xin Wei - As AI becomes more efficient and adoption speeds up, demand for data centre capacity rises
Singapore’s 2025 Budget statement to be delivered on Feb 18 at 3.30pm
SINGAPORE: Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s 2025 Budget statement in parliament on Feb 18 at 3.30pm, the Ministry of Finance (MOF) said on Monday (Feb 3). The Budget will be broadcast live on Channel 5 and on radio via CNA938 and Capital 958. It wil
DBS keeps ‘buy’ on Starhill Global REIT while OCBC maintains ‘hold’ call with lower TP after 1HFY2025 results
Felicia Tan - Analysts are mixed over Starhill Global REIT ’s outlook after the REIT reported a distribution per unit (DPU) of 1.8 cents for the 1HFY2025, 1.1% higher y-o-y. Gross revenue for the period increased by 1.7% y-o-y to $96.3 million thanks to higher contributions from the REIT’s properties in Singa ...
Taiwan leads Asia-wide stock tumble as Trump wields tariff weapon; STI sheds 1.5% before recovering
Crystal Heng - Taiwan’s Taiex falls over 3%, Nikkei down 2.1%, Hang Seng slips 1.7%
Hong Kong, Taiwan markets drop as Asia-Pacific markets fall on Trump tariff fears
Crystal Heng - Taiwan’s Taiex lead losses with a decline of more than 3%
Trump tariffs set to heighten volatility amid uncertainty over their extent and duration: analysts
Crystal Heng - Asia markets closed lower on Monday, with Taiwan leading losses
PM Wong to deliver Budget 2025 statement at 3.30 pm on Feb 18
Therese Soh - The Ministry of Finance and other agencies have engaged the public in the lead up to Budget 2025 since December 2024
Australian dollar skids to five-year trough on tariff fallout
THE Australian dollar sank to a near five-year low on Monday as the threat of a global trade war hit risk sentiment...
‘Prolonged tit-for-tat trade war’ likely after Trump’s surprise tariffs: IG
Jovi Ho - Just as the dust around DeepSeek begins to settle, US President Donald Trump’s follow-through on tariffs is set to stir fresh market turbulence this week, says Yeap Jun Rong, market strategist at online trading provider IG. Over the weekend, Trump announced a 25% tariff on imports from Mexico an ...
SoftBank, OpenAI unveil Japan AI joint venture
It will offer artificial intelligence services to corporate customers
SoftBank’s Son, OpenAI’s Altman to unveil Japan AI thrust
SoftBank’s mobile arm is Japan’s third-largest wireless carrier
Musk to give update on reform effort amid questions about his power
WASHINGTON: Billionaire Elon Musk, who is heading United States President Donald Trump's efforts to shrink the federal government, will give an update on the effort early on Monday (Feb 3) amid reports
Gold dips as US dollar strengthens on Trump tariffs
GOLD prices fell in early Asian hours on Monday (Feb 3), pressured by a stronger US dollar as fears of a global...
TSMC shares in focus on return from holiday after DeepSeek jolt
Bloomberg - Taiwan Semiconductor Manufacturing Co. will be in focus as shares resume trading on Monday after a global selloff in artificial intelligence-linked stocks last week. Investors were caught off-guard by news of Chinese start-up DeepSeek’s AI model that almost rivaled leading US developers, causing a ...
Hong Kong-listed China stocks brace for Trump tariffs’ impact
The new tariffs might curtail China’s products exports, dragging on the country’s already struggling economy
Singapore shares fall at Monday’s open; STI down 1.5%
Romaine Chan - SINGAPORE shares tumbled at the open on Monday (Feb 3) as investors mulled over the impact of tariffs imposed by US President...
Hong Kong-listed Chinese stocks brace for Trump tariffs
Bloomberg - Chinese stocks listed in Hong Kong will come under renewed pressure when they resume trading on Monday following a three-session break, after US President Donald Trump fired the first salvo of his tariff war. Fears of rising levies had already helped push the MSCI China Index into a bear market last ...
