Finance

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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Reduced political uncertainty lifts equities, gold retraces

By Margaret Yang, CMC Markets The market embraced a risk-on rally for a third day, as US equities hit fresh record highs and European and Asian markets extended gains. Demand for safety has reduced significantly and thus gold, silver and treasuries have fallen from their recent highs. Market sentiment has improved as Britain’s new prime minister has been confirmed and …

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Moody: Brexit impact on Asia Pacific is limited, full extent remains to be seen

Moody’s Investors Service said The UK departure from the European Union will not have a “significant credit impact” on Singapore and other countries in the Asia Pacific region. However international financial centers in the region like Singapore and Hongkong could take a hit if the flow of money from the UK and European banks decreased. The Pound sterling hit record low …

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US labour market surprise sends stocks higher

By Margaret Yang, CMC Markets US equity markets have broken out a record high last night, thanks to the favorable non-farm payroll data. 287k new jobs were created in the US job market last month, higher than any survey expectations.  However, if we take into account the poor data from the previous month (38k), the average monthly jobs added over …

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Review of Temasek’s performance in 2016

By Chris Kuan This is a more in-depth look into Temasek’s latest performance after I have peruse Temasek Review 2016. I won’t touch on too many details – go to the online version if you need to. It is user friendly, contains lots of information but omitting some critical ones. You will need some financial know how to understand the …

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