Finance

Inchcape: 120 employees will be retrenched from Toyota and Suzuki

In one of the biggest downsizing moves to hit the local motor industry, about 120 employees will be retrenched from Toyota agent Borneo Motors and Suzuki agent Champion Motors soon in the beginning of 2017. The number of workers to be retrenched, represents 12-14 percent of Inchcape’s workers in Singapore. The Straits Times reported that the retrenchment is due to …

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Commodities rebound as dollar weakens

By Margaret Yang, CMC Markets Japanese equities recorded the biggest daily loss since 8th November as yen strengthened against the greenback yesterday. The US Dollar Index plunged to 102.1 area from its recent high as US treasuries rose after strong demand for 7-year auction.  The 7-year Treasury notes were awarded at 2.284%, the highest yield since April 2014, due to  …

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Paul William Coutts appointed CEO of SingPost, effective from 1 June 2017

The Board of Singapore Post Limited (SingPost) has appointed Mr Paul William Coutts to the position of Group Chief Executive Officer (Group CEO), and as a Non-Independent Director of the SingPost Board effective 1 June 2017. SingPost said that Mr Coutts’s appointment is unanimously approved by the Board and has received all required regulatory approvals. It said that the appointment …

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Bright US data sends equities to near record highs

By Margaret Yang, CMC Markets Post-Christmas US economic data showed that consumer confidence and home prices are on the upward track, boosting market sentiment in the last few trading days of 2016. US equities closed higher on Tuesday, led by a strong performance in technology stocks. The Nasdaq Index ended at a new record high of 5,487 points. The US …

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How to survive on a budget while learning a new skill

By SingSaver.com.sg Re-skilling lets you develop knowledge and experience for higher-paying jobs, but you need to sacrifice time and money in the meantime. Singapore has seen a surge in the number of disruptive business models, from ride-sharing apps like Uber to do-it-yourself property sites like Oh My Home. While this is all well and good for the consumer, this has resulted …

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Volatility sinks ahead of holiday season

By Margaret Yang, CMC Markets Volatility dropped to extremely low levels as markets sink into holiday mood on the last trading day ahead of Christmas.  Trading volumes thinned ahead of holidays also. But that couldn’t mask the fact that emerging markets are suffering from capital outflows, which is observed in the performance divergence between US equities and Asian equities. The …

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Explaining budget surpluses from Singstat data

By Chris Kuan A friend asked me to explain the table that Leong Sze Hian extracted from Singstat in his article in TOC “Singapore had $190b cash (Budget) surplus between 2005 to 2014?“. The table is tagged below. I don’t have all the marbles together but here goes. The most important line item is Cash Surplus / Deficit which provide …

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Trade agreement between Singapore and the European Union is put on uncertainty

LUXEMBOURG — A trade agreement between Singapore and the European Union can not be fast-tracked into force in a case likely to impact Europe’s trade strategy, an Advocate General at the European court of justice wrote in a ruling released on Wednesday (21 Dec). The Guardian reported, Eleanor Sharpston, the Advocate General at the European court of justice, argued that …

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