Economy
City Harvest Church founder charged for using charity's funds for wife
City Harvest Church founder charged for using charity's funds for wife
Kong Hee was charged with three counts of dishonestly using the funds to finance his wife’s singing career, says Bloomberg.
Philippines' fiscal position remains strong with budget deficit at P22.8b
Further upgrades by rating agencies are certainly possible over the medium term, says DBS.
Chart of the Day: Transport CPI inflation remains high at 7.5%
‘Sky-high’ COE premium is the main culprit, says DBS.
Japan pushes out 18% sales tax hike
Consumption tax will be raised in staggered stages of 8% in April 2014 and another 10% in October 2015.
Singapore industrial production finally recovers after two disappointing months
IPI rose by 6.6% in May, thanks to the pharmaceuticals and transport engineering segments.
Overseas remittance to Vietnam slips by US$500M
Families relying on remittance may need to cut expenses as the global economy slows down and interest rates on the dollar are kept under control.
Thailand's exports growth exceeds expectations
Growth came in at a strong 7.7% yoy in May, notes OCBC.
India's announced measures to tackle rupee weakness disappoint
The official announcements, says DBS, amounted to further incremental steps to liberalize the capital account, which only increase the dependence on...
Decline in oil prices to help ease pressures on Indonesia's trade balance
Merchandise trade balance has been narrowing on the back of Indonesia’s robust domestic demand but unfavorable commodity prices have exacerbated the...
High rents and car prices won't ease in 2012
New inflation outlook warns that rental and vehicle costs will remain constrictingly high for the rest of the year.
Chart of the Day: High COE premiums make Singapore’s inflation worst in SEA apart from Vietnam
COE premiums rose from a low of SGD5000 to SGD90,000 in just a matter of 3 years.
Inflation moderates to 5% in May
A combination of weaker oil markets and release of HDB rebates helped push down the overall rise of inflation.
Tight labor market blamed for regionwide-high inflation
Singapore is now a "noteworthy outlier" in Asia as its inflation remains high while those of other countries are seeing an easing.
Singapore inflation to average 5% in 1H12
Blame it on the tight COE situation and rising rentals.
Testing times: Worries over Singapore production intensify
Despite a small boost in electronics in April, overall production is still in the red.
India faces looming exacerbation of funding risks as capital deficit increases
Indian Rupee now depreciated by 22.9% since the peak on Aug 1,2011 also a key concern.
European bank claims highest on Singapore corporates
Find out how bad it can get for Singapore if European deleveraging continued.
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