Finance

Six warning signs that your boyfriend may be a gold digger

By SingSaver.com.sg It’s not common for Singaporean men to be gold diggers, but it can happen. Here are the warning signs you might be dating one. There are a lot of articles for men on spotting gold diggers, but not the reverse. And thanks to the way Singaporean society works, they can be even harder to spot. We feel a need …

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Equity’s rally takes a pause; AUD tumbles on rate cut bet

By Margaret Yang, CMC Markets Asian equity markets finished lower on Tuesday, ending the rally after 6 days of gains.  US 10-year treasury yields dropped for a second day- a signal that market sentiment has turned towards a more cautious stance. The Hang Seng index and S&P 500 index have been confronted with key resistance levels at 21,800 and 2,160 …

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Big Splash to be closed on Oct 21, 2016

In its glorious day, Big Splash was known for having the tallest water slides in Singapore, but the water attractions were demolished a decade ago. Although the attraction kept its name and still pulls in 300,000 visitors a month with its dining and recreation amenities. But as reported in Straits Times, after 40 years in operation, the establishment is going …

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Iran seeks more aircraft as sanctions are lifted

Iran is looking to order dozens more jets worth around US$50 billion with Airbus and Boeing, said Iranian officials and Western industry sources. This announcement follows the end of international sanctions against Iran in January after it reached a nuclear deal with US and other Western powers. Iranian airline executives attended the Farnborough Airshow in Britain over the past week and held preliminary discussions …

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China GDP beats expectations, showing signs of stabilization

By Margaret Yang, CMC Markets  China announced its 2Q GDP data on Friday. Its economy grew at an annualized pace of 6.7%, unchanged from the previous quarter, and higher than the market’s expectation of 6.6%. Although this is still the slowest pace of growth since 2009, the economic slowdown seems to have stabilised. If we breakdown the GDP into sub-industries, …

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Problem is not with SMRT but the privatisation of the public transportation sytem

By Chris Kuan I am sure that Desmond Quek, SMRT CEO will get a round of condemnation from social media by saying this “Despite the steady increase in non-fare earnings, this trend of declining profitability is expected to persist under the current financing framework as the additional capital expenditure and increased depreciation would exert additional pressure on the future cash …

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BOE keeps rates unchanged, Chinese GDP data in focus

By Margaret Yang, CMC Markets Last night, the Bank of England decided to hold the base rate unchanged at 0.5%, in contrast to the market’s expectation of the first rate cut in over seven years. As a result, sterling rebounded sharply right after the announcement, and the FTSE 100 index closed slightly lower. Ahead of the BOE meeting, the futures …

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Singapore Airline clinched the third best airline at Skytrax World Airline Awards

Often referred to as the “Oscars of the aviation industry”, the Skytrax World Airline Awards was held at the Farnborough International Airshow in Hampshire, England, on July 12. This prestigious award enthroned Singapore Airline (SIA) as the third best airline in the world and the first in Asia for the 2016 awards . Singapore Airline also clinched the award for the …

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Dismal China trade balance shadows Asia markets

By Margaret Yang, CMC Markets China’s June export and imports both fell more than expected, putting pressure on commodities and equity markets after a four-day rally. Exports in June dropped 4.8% whereas imports shrank by 8.4%, showing that global demand is still soft and we haven’t seen signs of it reversing yet. Chinese policy makers will probably maintain accommodative domestic …

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