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Malaysia’s Q1 GDP jumps 5%, faster than projected due to improved demand
MALAYSIA’S central bank governor Nor Shamsiah Yunus said the improvement also reflects the recovery in the job market, with unemployment rate declined to 4.1 per cent, from 4.3 per cent in fourth quarter of 2021.
Li Ka-shing’s family office joins Singapore expansion wave
AS many as 10 staff will be based in the South-east Asian city including Jacky Li, a senior investment manager who will focus on deal execution, and Jeffrey Ho, a portfolio curator.
Fears of financial crisis loom with mega-tech stocks deep in bear territory
THE pandemic stock-market and cryptocurrency bubble has officially burst, and now the question is whether the speculative unwind will trigger a global financial crisis.
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Higher foreign worker quotas in tourism, aviation only on case-by-case basis
COMPANIES are assessed by government agencies on factors such as their commitment to local employment and “the progress of each company’s transformation journey”, a Ministry of Manpower (MOM) spokesperson told BT.
Online shopping may plateau in short term; growth to lag physical retail sales
ONLINE shopping, which enjoyed a boom during the Covid-19 pandemic, could plateau in the months ahead, said watchers, as Singapore’s borders reopen and measures ease, allowing more shoppers to return to physical stores.
Corporate Earnings
The STI today
Singapore stocks snap losing streak on Friday as Fed hike fears ebb; STI up 0.8%
THE Straits Times Index (STI) climbed 0.8 per cent or 25.98 points to close at 3,191.16 points on Friday (May 13) – snapping a losing streak that has stretched over a week – as investors’ fears over US policies to counter surging inflation were allayed.
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