Economy

The Postman fails to deliver

The Postman fails to deliver

SingPost's net profit went 11.8% down despite crunching revenues of $578.5M.

City Harvest Church denies founder misused funds

Executive Pastor Aries Zulkarnain claims no personal profit was gained by the individuals concerned, says Bloomberg.

Marriages between citizens and non-citizens up

In 2011, 31.1% of citizen births had a non-citizen parent at the time of birth.

More Singaporeans delay saying 'I do'

Married couples are having their first child later as well, contributing to the general decline in Singapore’s total fertility rate.

Singapore’s GDP to grow 3.4% in 2H12: OCBC

The analyst does not foresee a sharp rebound due to the Eurozone crisis, so that’s as good as it gets.

Bad news! Unemployment inches up to 2.1%

Now's maybe not a good time to ask for a raise or look for a new job.

Philippines' private-public partnership projects continue to face delays

Since the PPP initiative was unveiled in late 2010, only one project out of 22 identified thus far was auctioned off last December.

Thailand's recovery following floods on track

Manufacturing production in May bettered expectations and expanded by 5.5% YoY, says DBS Group Research.

Chart of the Day: What you need to know about inflation in May

Easing was due to a more moderate rise in the prices of oil-related items and accommodation cost.

Singapore to overtake Japan as 2nd largest trader by 2026

It may happen 14 years from now, but at least Singapore traders still expect the country’s trade to grow 4.8% annually over the next 5 years.

RMB liquidity to increase with Hu's visit to Hong Kong

Speculations that mainlanders will soon be allowed to open RMB accounts in Hong Kong also rise with Hu Jintao's arrival.

Vietnam's foreign investment goal "very hard to meet"

The comment came no less from the Foreign Investment Agency.

Indonesia's Sarwono says decline in commodity prices to lower imported inflation

Higher inflationary pressures, however, may be seen ahead of the Ramadan fasting month.

Malaysia's growth to remain driven by strong domestic demand

This is how the Statistic Department chief statistician of Malaysia sees it.

Average inflation in 2012 to exceed MAS’ 4.5% forecast: Nomura

But the research firm sees the risks as more balanced rather than tilted to the upside.

Manufacturing's unsustainable pickup in May to drag Q2 GDP growth

This adds further downside risks to Nomura’s 2012 GDP growth forecast of 2.7%, which is already below potential.

Change at India’s finance ministry spurs hope, says analyst

The changing of the guard has raised expectations of fast-tracking stalled policy reforms, says BBVA Research.