December, 2017

 

Singapore GDP grew 3.5pc in 2017, PM Lee says

SINGAPORE, Dec 31 — Singapore’s economy expanded 3.5 per cent this year more than double the initial government forecast as the country benefited from the global economic upswing, Prime Minister Lee Hsien Loong said in his New Year message…


PNB to increase exposure to private investments domestically and internationally

KUALA LUMPUR, Dec 31 — Permodalan Nasional Bhd (PNB) would increase its exposure to private investments both domestically and internationally subject to the right opportunity, said its Chairman, Tan Sri Abdul Wahid Omar. He said this was part…


China trade minister pledges easier market access for foreign investors

BEIJING, Dec 31 — China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published today. Writing in the…


Politics trumps oil recovery: A guide to Mideast markets in 2018

DUBAI, Dec 31 — For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalated,…


Malaysia’s 2018 outlook: Economic growth momentum likely to sustain

After three quarters of above expectation GDP growth, several domestic and international organisations such as RAM Ratings Agency, Malaysia Institute of Economic Research, World Bank and International Monetary Fund have upgraded Malaysia’s GDP growth for 2017. Consumer spending is likely to further improve as they are believed to have acclimatised to the GST system implemented […]


S. Korea monetary policy to remain accommodative, says central bank

SEOUL, Dec 31 — South Korea’s central bank chief today said monetary policy should remain accommodative in 2018 because inflationary pressure is weak even as the economy is expected to post solid growth in the coming year. “Inflationary…


China December factory growth eases as tough pollution measures bite

BEIJING, Dec 31 — Growth in China’s manufacturing sector slowed slightly in December as a punishing crackdown on air pollution and a cooling property market start to weigh on the world’s second-largest economy. The data support the view that…


May says 2018 Brexit progress will renew British pride

LONDON, Dec 31 — Prime Minister Theresa May said 2018 would be a year of “renewed confidence and pride” for Britain as it confronts the challenges of negotiating Brexit, in her New Year message out today. Divorce talks between London and…


Five things to look out for in 2018

Five things to look out for in 2018

Factors that will impact the domestic economy, from China to the general election


Ringgit to resume 2018 on stronger footing

KUALA LUMPUR, Dec 30 — The ringgit’s rally is expected to continue into 2018, strengthening to the 4.00 region against the US dollar, on support from weak greenback sentiment and recovery in commodity prices. Affin Hwang Investment Bank Vice…