Bank of Japan Share More Upbeat View on Economy
The Bank of Japan on Friday (Dec 19) struck a more upbeat view of the world’s number three economy, saying exports were showing signs of picking up while factory output has started to “bottom out”.
Nikkei boosted by weaker yen and oil price fall
Japan’s Nikkei index closed at its highest level for two weeks, with exporters boosted by a weaker yen and airlines helped by falling oil prices.
OCBC and UOB eye Bank Licences in Myanmar
OCBC Bank and UOB have both confirmed that they have been granted preliminary approval for foreign bank licences to operate in Myanmar.
Asia Commercial Real Estate set to Boom
Transaction volumes of commercial real estate in the Asia-Pacific region are set to rise dramatically in the second half of this year.
Singapore 4th Most Expensive City in the World for Expats
Singapore has climbed one place to become the fourth most expensive city in the world for expatriates.
Malaysia Banks in Mega-Merger Talks
Three of Malaysia’s largest financial institutions are in talks to combine their businesses, in a move that would create one of southeast Asia’s biggest lenders by assets as well as build what they said would be a “mega Islamic bank”.
Singapore Hosts Global Islamic Banking Conference Next Week
The 5th Annual World Islamic Banking Conference takes advantage of the increasing trade and investment flows between the Middle East and Asia.
China’s Economy May Have Already Surpassed the US
An update on the previous news that China is set to overtake the US economy may have already happened.
China is Pressing for Vast Asia-Pacific Free Trade Agreement
China is pushing for a significant Asia-Pacific free trade agreement, as a rival US-led deal that excludes the country is yet to reach an agreement.
Aviva Sees Strong Growth in Singapore Life Insurance
The British insurer Aviva reported late March that they had seen strong growth in its Singapore operations, led by life insurance.
