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  • Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, as Chinese lenders pulled back and Singapore property developers slipped after an increase in taxes for buyers of high-value homes.The Nikkei Asia300 Index fell 0.3% to 1,441.72. S

    February 20, 2018 08:57 pm JST
  • Singapore stocks decline as higher levies damp real-estate developers

    KUALA LUMPUR (Nikkei Markets) -- Singapore shares declined Tuesday, paced by real-estate companies following an increase in buyers' stamp duty for high-value residential properties.Malaysian stocks edged lower, ending a five-day winning run.Singapor

    February 20, 2018 07:50 pm JST
  • Singapore startup provides heart diagnosis in a heartbeat

    TOKYO -- A Singapore-based health care tech startup has set its sights on the Japanese market after receiving fresh funding.Tricog Health diagnoses the risk of heart disease in minutes through analysis of electrocardiogram results by its cloud-conne

    February 20, 2018 11:43 am JST
  • Alibaba-backed Tokopedia takes online shopping throne

    Indonesia's e-commerce sector is soaring as technology continues to disrupt consumer behavior. The country gained 11 million new online shoppers in 2017, taking the total to 35 million, according to an FT Confidential Research estimate.Our survey of

    February 20, 2018 11:00 am JST
  • Asian deals lift global real estate investment in 2017

    TOKYO -- International investors continued to show a strong appetite for real estate last year as it remained a source of relatively high returns in a low-interest-rate world.Global property investment climbed 2.1% in 2017 to $957.6 billion, the sec

    February 20, 2018 04:48 am JST
  • Nikkei Asia300 Index rises as US stocks extend gains

    MUMBAI (NewsRise) -- Asian stocks outside of Japan edged higher on Monday after the S&P 500 Index extended its rally, clocking the best weekly performance since 2013.The Nikkei Asia300 Index rose 0.1% to 1,446.57. Trading activity was muted with mar

    February 19, 2018 08:17 pm JST
  • Singapore, Malaysia stocks rise tracking Wall Street rebound

    KUALA LUMPUR (Nikkei Markets) -- Singapore and Malaysia shares rose Monday, as concerns over rising U.S. bond yields continued to fade.Singapore's Straits Times Index climbed 1.3% to 3,487.88 and Malaysia's FBM KLCI Index advanced 1% to 1,857.32. Bo

    February 19, 2018 08:05 pm JST
  • Singapore says plans to raise sales tax to 9% 'sometime' in 2021-2025

    SINGAPORE (Reuters) -- Singapore on Monday announced it plans to raise its sale tax to 9 percent from 7 percent, but said the change will only be made "sometime" between 2021 and 2015.Finance Minister Heng Swee Keat told parliament of the plans to r

    February 19, 2018 06:36 pm JST
  • ASEAN labor flows hit a wall with growing migrant crackdown

    TOKYO/SINGAPORE/BANGKOK -- Tighter restrictions on foreign labor in Malaysia and Thailand have pushed out millions of Southeast Asian migrant workers, driving up wages and potentially threatening a growth model reliant on freedom of movement and che

    February 18, 2018 10:53 pm JST
  • Singapore seen hiking GST for first time in over a decade

    SINGAPORE -- Singapore is expected to raise goods and services tax for the first time in more than a decade sometime in the fiscal year starting in April, say economists. Francis Tan, an economist at United Overseas Bank, sees the government hiking

    February 17, 2018 07:35 pm JST
  • Singapore's Oxley gets inside track on Yangon station project

    YANGON -- Singapore-based real estate company Oxley Holdings and its consortium partners have been named the preferred bidders for redevelopment around the Yangon Central Railway Station, a $2.5 billion project by government estimate.The company has

    February 17, 2018 04:18 am JST
  • Uber plans to sell Southeast Asia business to Grab: CNBC

    Uber Technologies is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.No deal has been reached yet and the

    February 17, 2018 03:56 am JST
  • Nikkei Asia300 Index little changed as Indian banks fall

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Friday as losses in Indian lenders offset positive U.S. cues.The Nikkei Asia300 Index ended almost unchanged at 1,445.71. For the week, it added about 4%, rebounding from the

    February 16, 2018 08:36 pm JST
  • Southeast Asia shuns North Korea, but loopholes remain

    SINGAPORE -- The assassination of North Korean leader Kim Jong Un's half-brother in Malaysia a year ago has turned previously friendly Southeast Asian nations against the rogue state, though the region still provides loopholes that let Pyongyang eva

    February 16, 2018 03:53 am JST
  • Singaporean tied to Tokyo Olympics bid charged in court

    SINGAPORE (Kyodo) -- A Singaporean man linked in media reports to helping Tokyo's bid to host the 2020 Olympics was charged in a court on Thursday for lying to investigators.Tan Tong Han, 35, was charged in the State Court for two offences under Sin

    February 15, 2018 09:34 pm JST
  • Nikkei Asia300 Index rises as Wall Street recovery continues

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, as a faster-than-expected U.S. inflation data did little to derail the recovery in global equity markets.The Nikkei Asia300 Index advanced 1.1% to 1,445.81. Trading was subdued with H

    February 15, 2018 08:34 pm JST
  • Singapore, Malaysia equities advance tracking Wall Street rally

    KUALA LUMPUR (Nikkei Markets) -- Shares in Singapore and Malaysia ended a truncated trading session higher, boosted by an overnight rally in U.S. indexes after retail sales and inflation data.Singapore's Straits Times Index climbed 1.2% to 3,443.51

    February 15, 2018 04:06 pm JST
  • Singapore's exports rise but electronic items continue slide

    SINGAPORE (Nikkei Markets) -- Singapore's exports rose more than expected in January although the decline in electronics underlined the widely held view that the global semiconductor rally is fading and that the city-state's trade dependent economy

    February 15, 2018 02:41 pm JST
  • Indian bourses suddenly end overseas data exchanges

    NEW DELHI/MUMBAI Indian stock exchanges will stop licensing products and data to overseas bourses, a move that has sparked concerns in Singapore and elsewhere about market access and potential trading disruptions.The Indian exchanges made the decisi

    February 15, 2018 10:00 am JST
  • Singapore Airshow wraps up with no major deals announced

    SINGAPORE Asia's largest air show ended its four-day trade portion on Feb. 9 with a break from tradition -- and not a good break. The news conference usually held to announce new aircraft deals was canceled.Both Boeing and Airbus announced no major

    February 15, 2018 10:00 am JST