Tuesday, 2 September, 2014

 

 

Singapore's PMI falls to 49.7 in August

DRAGGED down by lower levels in new orders, inventory and stockholdings of finished goods, Singapore's Purchasing Managers' Index (PMI) reverted to contraction mode in August, falling 1.8 points to 49.7.



 

 

BT’s Daily 3 - Full Stories

1
[SINGAPORE] Under the third Green Building Masterplan, Singapore will...
2
[SINGAPORE] Taiwanese merchant bank China Development Financial...
3
[SINGAPORE] The Republic's sovereign wealth fund, GIC, is investing...

EDITORIAL & OPINION

Opinion

WITH the economic centre of gravity moving to Asia, more innovation is happening in this part of the world. And as Asian companies and researchers innovate and create more intellectual property (IP), the number of patents being filed has exploded. 

 
 
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CHINA'S official Purchasing Managers' Index (PMI) which tracks sentiment in the manufacturing sector fell from a 27-month high in August, pointing to continued weakness in the economy, mainly in the property sector.

 

Companies

MAPLES Fund Services (Maples FS), an independent provider of specialised fiduciary and fund services, said on Monday that it is acquiring the Hong Kong and Singapore operations of Vistra Fund Services (Vistra FS) to enhance its position as a market leader in fund administration.

Singapore

THE government is setting aside an extra S$8.9 million over the next two years to ensure that all local cleaners in Singapore can be properly trained under the new rules governing the cleaning industry.

Singapore Markets

ANYONE who hoped to see a change in the fortunes of the local stock market on Monday would have been disappointed as events unfolded in pretty much the same manner as they have for many months now - prices drifted in low volume and other than the disappointment surrounding a hoped-for takeover of STATS ChipPAC, there was precious little in the way of corporate developments to bank on.

Malaysia

[KUALA LUMPUR] More international equity investors now understand the tough control measures the government imposed during the 1998 Asian financial crisis and are less inclined to make the episode a deterrent to invest in Malaysia.

Indonesia

[JAKARTA] Indonesia's trade balance returned to a small surplus in July due to a sharp fall in imports as economic activity slowed during the Muslim fasting month in South-east Asia's largest economy.

China

[HONGKONG] China defended a plan to place limits on democracy in Hong Kong, calling on opposition lawmakers to get behind its ruling or risk losing the chance to elect the city's next leader by popular vote.

India

JAPANESE Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi agreed during a summit meeting in Tokyo

World

FOREIGN investment flows to emerging stockmarkets in Asia and elsewhere slumped in August, suggesting a turning point for emerging market capital flows.

Focus

THE Ritz Carlton on Friday evening was teeming with ladies in floor-length gowns and men in sharp black suits as they gathered for the Emerging Enterprise Awards 2014 gala dinner.

Transport Hub

[SINGAPORE] Samsung Group, whose billionaire chairman has been hospitalised since May, will merge its shipbuilding and engineering units as South Korea's largest conglomerate prepares for possible succession.

Editorial & Opinion

WITH the economic centre of gravity moving to Asia, more innovation is happening in this part of the world. And as Asian companies and researchers innovate and create more intellectual property (IP), the number of patents being filed has exploded. 

 

Dining

IF life were a perennial birthday party, it might look like Match. There's a celebratory air about the place - a sheen of manufactured happiness that coats this glitzy new eatery, looking a bit like a steakhouse which just swallowed a disco ball.

Home & Garden

ERIC Cheng, group CEO of property firm ECG Holdings, has built over 75 homes in Singapore in the last three years, so when it comes to his own home, he knows exactly what he wants.

Sport

AFTER four rounds of this year's BT Corporate Golf League, twice-defending champions Team SunMoon have opened up an almost insurmountable lead of 17 points over second-placed Team Emerio and SPH Sultans of Swing.

 
 

BizIT

WITHIN business analytics, a new and fast- growing area of specialisation is what is known as "message intelligence". This focuses on the valuable information that...

Dining Out

IF life were a perennial birthday party, it might look like Match. There's a celebratory air about the place - a sheen of manufactured happiness that coats this glitzy...

Executive Money

[TOKYO] History is working against Japan's government as it seeks to convince a new generation of investors that equities are the best bet for funding retirement.

Property

[SYDNEY] European Central Bank president Mario Draghi's shift towards quantitative easing is reverberating 17,000 kilometres away in lower Australian mortgage rates.

Raffles Conversation

IN one corner of the spacious office on the 16th floor of the SapuraKenchana building near the government offices off Jalan Duta in Kuala Lumpur is a glass topped table...

 

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